GSINX vs. FCIRX

Last updated Jun 23, 2026

GSINX (Goldman Sachs GQG Partners International Opportunities Fund) and FCIRX (Fiera Capital International Equity Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, GSINX returned 8.62%/yr vs 4.84%/yr for FCIRX. A 0.77 correlation means they provide meaningful diversification when combined. GSINX charges 0.89%/yr vs 1.25%/yr for FCIRX.

Performance

GSINX vs. FCIRX - Performance Comparison

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

Returns By Period

In the year-to-date period, GSINX achieves a 3.40% return, which is significantly lower than FCIRX's 5.55% return.

GSINX

• 1D: -0.90%
• 1M: -4.77%
• YTD: 3.40%
• 6M: 4.23%
• 1Y: 10.11%
• 3Y*: 14.55%
• 5Y*: 8.62%
• 10Y*: —

FCIRX

• 1D: 0.97%
• 1M: 3.75%
• YTD: 5.55%
• 6M: 6.21%
• 1Y: 11.83%
• 3Y*: 7.78%
• 5Y*: 4.84%
• 10Y*: —

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

GSINX vs. FCIRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GSINX Goldman Sachs GQG Partners International Opportunities Fund	3.40%	20.76%	9.53%	21.93%	-11.14%	12.35%	15.64%	27.41%	-7.85%
FCIRX Fiera Capital International Equity Fund	5.55%	11.12%	4.39%	19.73%	-19.83%	16.21%	19.19%	30.71%	-8.02%

Correlation

The correlation between GSINX and FCIRX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Aug 15, 2018	0.77

Over the past year, the correlation between GSINX and FCIRX has dropped to 0.44 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Return for Risk

GSINX vs. FCIRX — Risk / Return Rank

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

GSINX

GSINX Risk / Return Rank: 15
GSINX Sharpe Ratio Rank: 15
GSINX Sortino Ratio Rank: 14
GSINX Omega Ratio Rank: 14
GSINX Calmar Ratio Rank: 15
GSINX Martin Ratio Rank: 16

FCIRX

FCIRX Risk / Return Rank: 9
FCIRX Sharpe Ratio Rank: 9
FCIRX Sortino Ratio Rank: 9
FCIRX Omega Ratio Rank: 9
FCIRX Calmar Ratio Rank: 9
FCIRX Martin Ratio Rank: 9

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.

GSINX vs. FCIRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs GQG Partners International Opportunities Fund (GSINX) and Fiera Capital International Equity Fund (FCIRX). 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.

	GSINX	FCIRX	Difference
Sharpe ratio: Return per unit of total volatility	1.01	0.70	+0.31
Sortino ratio: Return per unit of downside risk	1.42	1.08	+0.34
Omega ratio: Gain probability vs. loss probability	1.18	1.13	+0.05
Calmar ratio: Return relative to maximum drawdown	1.28	0.79	+0.49
Martin ratio: Return relative to average drawdown	3.97	2.55	+1.42

GSINX vs. FCIRX - Sharpe Ratio Comparison

The current GSINX Sharpe Ratio is 1.01, which is higher than the FCIRX Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of GSINX and FCIRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GSINX vs. FCIRX - Drawdown Comparison

The maximum GSINX drawdown since its inception was -28.80%, smaller than the maximum FCIRX drawdown of -32.05%. Use the drawdown chart below to compare losses from any high point for GSINX and FCIRX.

Drawdown Indicators

	GSINX	FCIRX	Difference
Max Drawdown Largest peak-to-trough decline	-28.80%	-32.05%	+3.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.80%	-13.58%	+5.78%
Max Drawdown (3Y) Largest decline over 3 years	-10.32%	-16.96%	+6.64%
Max Drawdown (5Y) Largest decline over 5 years	-25.46%	-32.05%	+6.59%
Current Drawdown Current decline from peak	-6.43%	-0.48%	-5.95%
Average Drawdown Average peak-to-trough decline	-4.85%	-6.84%	+1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	4.18%	-1.67%

Volatility

GSINX vs. FCIRX - Volatility Comparison

The current volatility for Goldman Sachs GQG Partners International Opportunities Fund (GSINX) is 2.79%, while Fiera Capital International Equity Fund (FCIRX) has a volatility of 4.88%. This indicates that GSINX experiences smaller price fluctuations and is considered to be less risky than FCIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSINX	FCIRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	4.88%	-2.09%
Volatility (6M) Calculated over the trailing 6-month period	8.25%	12.46%	-4.21%
Volatility (1Y) Calculated over the trailing 1-year period	9.90%	15.34%	-5.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.38%	16.55%	-2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.68%	17.57%	-1.89%

GSINX vs. FCIRX - Expense Ratio Comparison

GSINX has a 0.89% expense ratio, which is lower than FCIRX's 1.25% expense ratio.

Dividends

GSINX vs. FCIRX - Dividend Comparison

GSINX's dividend yield for the trailing twelve months is around 4.86%, more than FCIRX's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCIRX Fiera Capital International Equity Fund	0.84%	0.88%	0.42%	0.40%	0.73%	0.34%	1.82%	0.91%	1.11%	0.00%
GSINX Goldman Sachs GQG Partners International Opportunities Fund	4.86%	5.03%	11.11%	2.27%	4.79%	2.13%	0.08%	0.57%	0.43%	0.12%

Frequently Asked Questions

Can I hold both GSINX and FCIRX in my portfolio?

GSINX and FCIRX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSINX or FCIRX?

FCIRX has higher volatility (4.88%) compared to GSINX (2.79%). In terms of maximum drawdown, GSINX dropped -28.80% vs FCIRX's -32.05%.

Which has better risk-adjusted returns?

GSINX currently has the higher Sharpe Ratio (1.01 vs 0.70), 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.