GSIKX vs. SWRLX
GSIKX (Goldman Sachs International Equity Income Fund) and SWRLX (Touchstone International Equity Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, GSIKX returned 11.69%/yr vs 11.32%/yr for SWRLX. Their correlation of 0.91 suggests significant overlap in exposure. GSIKX charges 0.85%/yr vs 1.37%/yr for SWRLX.
Performance
GSIKX vs. SWRLX - Performance Comparison
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Returns By Period
In the year-to-date period, GSIKX achieves a 10.87% return, which is significantly lower than SWRLX's 20.80% return. Both investments have delivered pretty close results over the past 10 years, with GSIKX having a 11.69% annualized return and SWRLX not far behind at 11.32%.
GSIKX
- 1D
- -0.12%
- 1M
- -0.04%
- YTD
- 10.87%
- 6M
- 10.87%
- 1Y
- 27.63%
- 3Y*
- 20.17%
- 5Y*
- 12.38%
- 10Y*
- 11.69%
SWRLX
- 1D
- -0.21%
- 1M
- 0.08%
- YTD
- 20.80%
- 6M
- 20.83%
- 1Y
- 46.85%
- 3Y*
- 24.53%
- 5Y*
- 12.30%
- 10Y*
- 11.32%
GSIKX vs. SWRLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSIKX Goldman Sachs International Equity Income Fund | 10.87% | 34.30% | 8.81% | 17.60% | -7.93% | 13.66% | 2.59% | 26.92% | -12.12% | 26.53% |
SWRLX Touchstone International Equity Fund | 20.80% | 53.78% | -1.53% | 17.63% | -11.02% | 3.86% | 7.47% | 25.87% | -16.81% | 27.24% |
Correlation
The correlation between GSIKX and SWRLX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.91 |
The correlation between GSIKX and SWRLX has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
GSIKX vs. SWRLX — Risk / Return Rank
GSIKX
SWRLX
GSIKX vs. SWRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs International Equity Income Fund (GSIKX) and Touchstone International Equity Fund (SWRLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSIKX | SWRLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.57 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 4.08 | -1.68 |
| Martin ratioReturn relative to average drawdown | 8.61 | 15.05 | -6.43 |
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Drawdowns
GSIKX vs. SWRLX - Drawdown Comparison
The maximum GSIKX drawdown since its inception was -56.58%, roughly equal to the maximum SWRLX drawdown of -59.44%. Use the drawdown chart below to compare losses from any high point for GSIKX and SWRLX.
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Drawdown Indicators
| GSIKX | SWRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.58% | -59.44% | +2.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.28% | -11.49% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -12.11% | -14.08% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -25.90% | -34.19% | +8.29% |
Max Drawdown (10Y)Largest decline over 10 years | -34.47% | -35.95% | +1.48% |
Current DrawdownCurrent decline from peak | -1.63% | -3.04% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -11.79% | -11.61% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 3.11% | +0.02% |
Volatility
GSIKX vs. SWRLX - Volatility Comparison
The current volatility for Goldman Sachs International Equity Income Fund (GSIKX) is 4.31%, while Touchstone International Equity Fund (SWRLX) has a volatility of 6.60%. This indicates that GSIKX experiences smaller price fluctuations and is considered to be less risky than SWRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSIKX | SWRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 6.60% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 12.18% | 13.18% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 15.27% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 17.57% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 16.69% | -0.84% |
GSIKX vs. SWRLX - Expense Ratio Comparison
GSIKX has a 0.85% expense ratio, which is lower than SWRLX's 1.37% expense ratio.
Dividends
GSIKX vs. SWRLX - Dividend Comparison
GSIKX's dividend yield for the trailing twelve months is around 3.54%, less than SWRLX's 6.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSIKX Goldman Sachs International Equity Income Fund | 3.54% | 3.93% | 3.23% | 2.78% | 0.64% | 2.90% | 1.96% | 2.85% | 14.89% | 1.73% | 2.35% | 1.14% |
SWRLX Touchstone International Equity Fund | 6.32% | 7.63% | 10.53% | 1.36% | 1.56% | 14.95% | 0.46% | 9.10% | 15.19% | 3.61% | 0.66% | 3.76% |
Frequently Asked Questions
GSIKX and SWRLX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWRLX has higher volatility (6.60%) compared to GSIKX (4.31%). In terms of maximum drawdown, GSIKX dropped -56.58% vs SWRLX's -59.44%.
SWRLX currently has the higher Sharpe Ratio (3.08 vs 1.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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