GSINX vs. FIVFX

Last updated Jun 23, 2026

GSINX (Goldman Sachs GQG Partners International Opportunities Fund) and FIVFX (Fidelity International Capital Appreciation Fund) are both Foreign Large Cap Equities funds. Their correlation of 0.81 suggests significant overlap in exposure. GSINX charges 0.89%/yr vs 1.00%/yr for FIVFX.

Performance

GSINX vs. FIVFX - Performance Comparison

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

Returns By Period

GSINX

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

FIVFX

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

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

GSINX vs. FIVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSINX Goldman Sachs GQG Partners International Opportunities Fund	3.40%	20.76%	9.53%	21.93%	-11.14%	12.35%	15.64%	27.41%	-6.14%	29.66%
FIVFX Fidelity International Capital Appreciation Fund	0.00%	19.54%	8.05%	27.58%	-26.48%	12.14%	22.32%	33.05%	-12.87%	35.81%

Correlation

The correlation between GSINX and FIVFX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.82

Over the past year, the correlation between GSINX and FIVFX has dropped to 0.23 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

GSINX vs. FIVFX — 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

FIVFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. FIVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs GQG Partners International Opportunities Fund (GSINX) and Fidelity International Capital Appreciation Fund (FIVFX). 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	FIVFX	Difference
Sharpe ratio: Return per unit of total volatility	1.01	—	—
Sortino ratio: Return per unit of downside risk	1.42	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.28	—	—
Martin ratio: Return relative to average drawdown	3.97	—	—

Drawdowns

Drawdown Indicators

	GSINX	FIVFX	Difference
Max Drawdown Largest peak-to-trough decline	-28.80%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.80%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.32%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.46%	—	—
Current Drawdown Current decline from peak	-6.43%	—	—
Average Drawdown Average peak-to-trough decline	-4.85%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	—	—

Volatility

Volatility by Period

	GSINX	FIVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.90%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.38%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.68%	—	—

GSINX vs. FIVFX - Expense Ratio Comparison

GSINX has a 0.89% expense ratio, which is lower than FIVFX's 1.00% expense ratio.

Dividends

GSINX vs. FIVFX - Dividend Comparison

GSINX's dividend yield for the trailing twelve months is around 4.86%, while FIVFX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIVFX Fidelity International Capital Appreciation Fund	10.67%	10.67%	4.19%	0.38%	0.05%	9.08%	1.28%	3.29%	3.00%	2.99%	0.68%	1.57%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GSINX and FIVFX in my portfolio?

GSINX and FIVFX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.