GSIMX vs. PPYPX

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs GQG Partners International Opportunities Fund (GSIMX) and PIMCO RAE International Fund (PPYPX).

GSIMX is managed by Goldman Sachs. It was launched on Dec 15, 2016. PPYPX is managed by PIMCO. It was launched on Jun 4, 2015.

Performance

GSIMX vs. PPYPX - Performance Comparison

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

GSIMX vs. PPYPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSIMX Goldman Sachs GQG Partners International Opportunities Fund	3.78%	20.85%	9.66%	22.10%	-11.06%	12.50%	15.77%	27.64%	-6.04%	29.92%
PPYPX PIMCO RAE International Fund	8.42%	31.34%	-1.15%	18.13%	-8.73%	10.68%	2.05%	16.43%	-15.49%	23.67%

Returns By Period

In the year-to-date period, GSIMX achieves a 3.78% return, which is significantly lower than PPYPX's 8.42% return.

GSIMX

• 1D: 0.60%
• 1M: -6.12%
• YTD: 3.78%
• 6M: 7.89%
• 1Y: 15.89%
• 3Y*: 17.37%
• 5Y*: 10.41%
• 10Y*: —

PPYPX

• 1D: 0.63%
• 1M: -6.12%
• YTD: 8.42%
• 6M: 13.11%
• 1Y: 31.25%
• 3Y*: 15.99%
• 5Y*: 8.93%
• 10Y*: 8.80%

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

GSIMX vs. PPYPX - Expense Ratio Comparison

GSIMX has a 0.76% expense ratio, which is higher than PPYPX's 0.60% expense ratio.

GSIMX

Goldman Sachs GQG Partners International Opportunities Fund

PPYPX

PIMCO RAE International Fund

Return for Risk

GSIMX vs. PPYPX — Risk / Return Rank

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

GSIMX

GSIMX Risk / Return Rank: 74
GSIMX Sharpe Ratio Rank: 73
GSIMX Sortino Ratio Rank: 69
GSIMX Omega Ratio Rank: 73
GSIMX Calmar Ratio Rank: 78
GSIMX Martin Ratio Rank: 77

PPYPX

PPYPX Risk / Return Rank: 90
PPYPX Sharpe Ratio Rank: 92
PPYPX Sortino Ratio Rank: 89
PPYPX Omega Ratio Rank: 88
PPYPX Calmar Ratio Rank: 90
PPYPX Martin Ratio Rank: 93

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. PPYPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs GQG Partners International Opportunities Fund (GSIMX) and PIMCO RAE International Fund (PPYPX). 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	PPYPX	Difference
Sharpe ratio Return per unit of total volatility	1.28	1.96	-0.68
Sortino ratio Return per unit of downside risk	1.69	2.52	-0.82
Omega ratio Gain probability vs. loss probability	1.27	1.38	-0.11
Calmar ratio Return relative to maximum drawdown	1.81	2.46	-0.64
Martin ratio Return relative to average drawdown	7.41	11.58	-4.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSIMX vs. PPYPX - Sharpe Ratio Comparison

The current GSIMX Sharpe Ratio is 1.28, which is lower than the PPYPX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of GSIMX and PPYPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GSIMX	PPYPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	1.96	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.46	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.45	+0.36

Correlation

The correlation between GSIMX and PPYPX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GSIMX vs. PPYPX - Dividend Comparison

GSIMX's dividend yield for the trailing twelve months is around 4.93%, less than PPYPX's 7.17% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GSIMX Goldman Sachs GQG Partners International Opportunities Fund	4.93%	5.12%	11.18%	2.36%	4.89%	2.23%	0.18%	0.65%	0.53%	0.16%	0.00%
PPYPX PIMCO RAE International Fund	7.17%	7.78%	6.57%	10.09%	7.20%	27.06%	2.23%	4.20%	5.96%	2.53%	2.41%

Drawdowns

GSIMX vs. PPYPX - Drawdown Comparison

The maximum GSIMX drawdown since its inception was -28.84%, smaller than the maximum PPYPX drawdown of -42.48%. Use the drawdown chart below to compare losses from any high point for GSIMX and PPYPX.

Drawdown Indicators

	GSIMX	PPYPX	Difference
Max Drawdown Largest peak-to-trough decline	-28.84%	-42.48%	+13.64%
Max Drawdown (1Y) Largest decline over 1 year	-8.75%	-10.21%	+1.46%
Max Drawdown (5Y) Largest decline over 5 years	-25.37%	-35.65%	+10.28%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.48%	—
Current Drawdown Current decline from peak	-6.12%	-6.12%	0.00%
Average Drawdown Average peak-to-trough decline	-4.85%	-10.28%	+5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	2.47%	-0.32%

Volatility

GSIMX vs. PPYPX - Volatility Comparison

Goldman Sachs GQG Partners International Opportunities Fund (GSIMX) and PIMCO RAE International Fund (PPYPX) have volatilities of 4.78% and 4.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSIMX	PPYPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	4.98%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	7.35%	9.98%	-2.63%
Volatility (1Y) Calculated over the trailing 1-year period	12.47%	15.30%	-2.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	19.59%	-5.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.77%	19.07%	-3.30%