GSINX vs. GFIRX

Last updated Aug 4, 2026

GSINX (Goldman Sachs GQG Partners International Opportunities Fund) and GFIRX (Goldman Sachs Managed Futures Strategy Fund) are both mutual funds - GSINX is a Foreign Large Cap Equities fund managed by Goldman Sachs, while GFIRX is a Systematic Trend fund managed by Goldman Sachs. Over the past 5 years, GSINX returned 9.09%/yr vs 3.69%/yr for GFIRX. Their 0.19 correlation means their historical movements had little consistent relationship. GSINX charges 0.89%/yr vs 1.33%/yr for GFIRX.

Performance

GSINX vs. GFIRX - Performance Comparison

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

Returns By Period

In the year-to-date period, GSINX achieves a 8.09% return, which is significantly higher than GFIRX's 7.04% return.

GSINX

• 1D: 0.00%
• 1M: 2.07%
• 6M: 3.73%
• YTD: 8.09%
• 1Y: 15.57%
• 3Y*: 15.68%
• 5Y*: 9.09%
• 10Y*: —
• ALL TIME*: 12.63%

GFIRX

• 1D: 1.13%
• 1M: 2.17%
• 6M: 4.44%
• YTD: 7.04%
• 1Y: 17.62%
• 3Y*: -0.13%
• 5Y*: 3.69%
• 10Y*: 2.89%
• ALL TIME*: 2.40%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GFIRX Goldman Sachs Managed Futures Strategy Fund	$0.00	$0.00	$0.00
GSINX Goldman Sachs GQG Partners International Opportunities Fund	$0.00	$0.00	$0.00

GSINX vs. GFIRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSINX Goldman Sachs GQG Partners International Opportunities Fund	8.09%	20.76%	9.53%	21.93%	-11.14%	12.35%	15.64%	27.41%	-6.14%	29.66%
GFIRX Goldman Sachs Managed Futures Strategy Fund	7.04%	0.54%	-5.17%	-3.87%	20.44%	4.86%	6.94%	2.61%	-2.24%	2.56%

Correlation

The correlation between GSINX and GFIRX is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.13
Correlation (3Y) Balances recent behavior with more history.	0.19
Correlation (5Y) Shows whether the relationship held over a longer period.	0.14
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.19

Return for Risk

GSINX vs. GFIRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GSINX

GSINX Risk / Return Rank: 53
GSINX Sharpe Ratio Rank: 61
GSINX Sortino Ratio Rank: 56
GSINX Omega Ratio Rank: 61
GSINX Calmar Ratio Rank: 51
GSINX Martin Ratio Rank: 35

GFIRX

GFIRX Risk / Return Rank: 79
GFIRX Sharpe Ratio Rank: 79
GFIRX Sortino Ratio Rank: 77
GFIRX Omega Ratio Rank: 75
GFIRX Calmar Ratio Rank: 89
GFIRX Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GSINX vs. GFIRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs GQG Partners International Opportunities Fund (GSINX) and Goldman Sachs Managed Futures Strategy Fund (GFIRX). 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	GFIRX	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.94	-0.35
Sortino ratio: Return per unit of downside risk	2.19	2.72	-0.53
Omega ratio: Gain probability vs. loss probability	1.29	1.35	-0.05
Calmar ratio: Return relative to maximum drawdown	2.01	3.40	-1.40
Martin ratio: Return relative to average drawdown	5.46	9.91	-4.45

GSINX vs. GFIRX - Sharpe Ratio Comparison

The current GSINX Sharpe Ratio is 1.59, which is comparable to the GFIRX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of GSINX and GFIRX, 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. GFIRX - Drawdown Comparison

The maximum GSINX drawdown since its inception was -28.80%, which is greater than GFIRX's maximum drawdown of -23.09%. Use the drawdown chart below to compare losses from any high point for GSINX and GFIRX.

Drawdown Indicators

	GSINX	GFIRX	Difference
Max Drawdown Largest peak-to-trough decline	-28.80%	-23.09%	-5.71%
Max Drawdown (1Y) Largest decline over 1 year	-7.80%	-4.86%	-2.94%
Max Drawdown (3Y) Largest decline over 3 years	-10.32%	-22.39%	+12.07%
Max Drawdown (5Y) Largest decline over 5 years	-25.46%	-23.09%	-2.37%
Max Drawdown (10Y) Largest decline over 10 years	—	-23.09%	—
Current Drawdown Current decline from peak	-2.18%	-6.31%	+4.13%
Average Drawdown Average peak-to-trough decline	-4.84%	-7.02%	+2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	1.66%	+1.19%

Volatility

GSINX vs. GFIRX - Volatility Comparison

Goldman Sachs GQG Partners International Opportunities Fund (GSINX) and Goldman Sachs Managed Futures Strategy Fund (GFIRX) have volatilities of 2.64% and 2.77%, 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

	GSINX	GFIRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	2.77%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	8.16%	6.97%	+1.19%
Volatility (1Y) Calculated over the trailing 1-year period	9.85%	8.53%	+1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.25%	10.45%	+3.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.61%	9.11%	+6.50%

GSINX vs. GFIRX - Expense Ratio Comparison

GSINX has a 0.89% expense ratio, which is lower than GFIRX's 1.33% expense ratio.

Dividends

GSINX vs. GFIRX - Dividend Comparison

GSINX's dividend yield for the trailing twelve months is around 4.65%, while GFIRX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GFIRX Goldman Sachs Managed Futures Strategy Fund	0.00%	0.00%	0.00%	0.00%	20.11%	7.35%	1.21%	7.06%	0.16%	0.49%	0.00%	3.98%
GSINX Goldman Sachs GQG Partners International Opportunities Fund	4.65%	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 GFIRX in my portfolio?

GSINX and GFIRX have a correlation of 0.13, 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 GFIRX?

GFIRX has higher volatility (2.77%) compared to GSINX (2.64%). In terms of maximum drawdown, GSINX dropped -28.80% vs GFIRX's -23.09%.

Which has better risk-adjusted returns?

GFIRX currently has the higher Sharpe Ratio (1.94 vs 1.59), 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.