GSIMX vs. AIONX

Last updated Jun 4, 2026

GSIMX (Goldman Sachs GQG Partners International Opportunities Fund) and AIONX (AQR International Momentum Style Fund Class N) are both Foreign Large Cap Equities funds. Their correlation of 0.87 suggests significant overlap in exposure. GSIMX charges 0.76%/yr vs 0.88%/yr for AIONX.

Performance

GSIMX vs. AIONX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs GQG Partners International Opportunities Fund (GSIMX) and AQR International Momentum Style Fund Class N (AIONX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GSIMX

• 1D: 0.04%
• 1M: -0.54%
• YTD: 6.45%
• 6M: 8.00%
• 1Y: 12.69%
• 3Y*: 17.16%
• 5Y*: 9.05%
• 10Y*: —

AIONX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GSIMX vs. AIONX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSIMX Goldman Sachs GQG Partners International Opportunities Fund	6.45%	20.85%	9.66%	22.10%	-11.06%	12.50%	15.77%	27.64%	-6.04%	29.92%
AIONX AQR International Momentum Style Fund Class N	6.03%	34.58%	8.41%	16.39%	-19.64%	11.72%	16.32%	22.29%	-15.50%	24.41%

Correlation

The correlation between GSIMX and AIONX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.87

Over the past year, the correlation between GSIMX and AIONX has dropped to 0.63 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

Return for Risk

GSIMX vs. AIONX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GSIMX

GSIMX Risk / Return Rank: 19
GSIMX Sharpe Ratio Rank: 19
GSIMX Sortino Ratio Rank: 18
GSIMX Omega Ratio Rank: 20
GSIMX Calmar Ratio Rank: 18
GSIMX Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GSIMX vs. AIONX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs GQG Partners International Opportunities Fund (GSIMX) and AQR International Momentum Style Fund Class N (AIONX). 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.

	GSIMX	AIONX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	—	—
Sortino ratio: Return per unit of downside risk	1.78	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.56	—	—
Martin ratio: Return relative to average drawdown	5.22	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GSIMX	AIONX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	—	—

Drawdowns

Drawdown Indicators

	GSIMX	AIONX	Difference
Max Drawdown Largest peak-to-trough decline	-28.84%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.81%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.32%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.37%	—	—
Current Drawdown Current decline from peak	-3.70%	—	—
Average Drawdown Average peak-to-trough decline	-4.82%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	—	—

Volatility

Volatility by Period

	GSIMX	AIONX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.66%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.36%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	—	—

GSIMX vs. AIONX - Expense Ratio Comparison

GSIMX has a 0.76% expense ratio, which is lower than AIONX's 0.88% expense ratio.

Dividends

GSIMX vs. AIONX - Dividend Comparison

GSIMX's dividend yield for the trailing twelve months is around 4.81%, less than AIONX's 20.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIONX AQR International Momentum Style Fund Class N	20.01%	14.62%	21.87%	11.32%	2.62%	1.77%	0.95%	2.12%	1.85%	1.96%	2.23%	1.30%
GSIMX Goldman Sachs GQG Partners International Opportunities Fund	4.81%	5.12%	11.18%	2.36%	4.89%	2.23%	0.18%	0.65%	0.53%	0.16%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GSIMX and AIONX in my portfolio?

GSIMX and AIONX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.