GSINX vs. GSIFX

Last updated Jun 5, 2026

GSINX (Goldman Sachs GQG Partners International Opportunities Fund) and GSIFX (Goldman Sachs International Equity ESG Fund Class A) are both Foreign Large Cap Equities funds from Goldman Sachs. Over the past 5 years, GSINX returned 8.48%/yr vs 5.94%/yr for GSIFX. A 0.79 correlation means they provide meaningful diversification when combined. GSINX charges 0.89%/yr vs 1.35%/yr for GSIFX.

Performance

GSINX vs. GSIFX - 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 International Equity ESG Fund Class A (GSIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSINX achieves a 5.32% return, which is significantly lower than GSIFX's 5.99% return.

GSINX

• 1D: -1.01%
• 1M: -1.91%
• YTD: 5.32%
• 6M: 6.97%
• 1Y: 11.55%
• 3Y*: 16.63%
• 5Y*: 8.48%
• 10Y*: —

GSIFX

• 1D: -0.79%
• 1M: 2.69%
• YTD: 5.99%
• 6M: 8.11%
• 1Y: 12.26%
• 3Y*: 11.27%
• 5Y*: 5.94%
• 10Y*: 9.33%

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

GSINX vs. GSIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSINX Goldman Sachs GQG Partners International Opportunities Fund	5.32%	20.76%	9.53%	21.93%	-11.14%	12.35%	15.64%	27.41%	-6.14%	29.66%
GSIFX Goldman Sachs International Equity ESG Fund Class A	5.99%	25.51%	0.33%	15.44%	-17.69%	16.23%	22.89%	27.68%	-14.85%	24.68%

Correlation

The correlation between GSINX and GSIFX is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.79

The correlation between GSINX and GSIFX shifts across timeframes, from 0.62 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GSINX vs. GSIFX — Risk / Return Rank

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

GSINX

GSINX Risk / Return Rank: 17
GSINX Sharpe Ratio Rank: 18
GSINX Sortino Ratio Rank: 16
GSINX Omega Ratio Rank: 17
GSINX Calmar Ratio Rank: 18
GSINX Martin Ratio Rank: 18

GSIFX

GSIFX Risk / Return Rank: 12
GSIFX Sharpe Ratio Rank: 11
GSIFX Sortino Ratio Rank: 11
GSIFX Omega Ratio Rank: 11
GSIFX Calmar Ratio Rank: 12
GSIFX Martin Ratio Rank: 15

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. GSIFX - 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 International Equity ESG Fund Class A (GSIFX). 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.

	GSINX	GSIFX	Difference
Sharpe ratio: Return per unit of total volatility	1.19	0.85	+0.35
Sortino ratio: Return per unit of downside risk	1.68	1.27	+0.41
Omega ratio: Gain probability vs. loss probability	1.22	1.15	+0.06
Calmar ratio: Return relative to maximum drawdown	1.48	1.08	+0.40
Martin ratio: Return relative to average drawdown	4.90	4.09	+0.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSINX vs. GSIFX - Sharpe Ratio Comparison

The current GSINX Sharpe Ratio is 1.19, which is higher than the GSIFX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of GSINX and GSIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GSINX	GSIFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	0.85	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.35	+0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.32	+0.48

Drawdowns

GSINX vs. GSIFX - Drawdown Comparison

The maximum GSINX drawdown since its inception was -28.80%, smaller than the maximum GSIFX drawdown of -59.25%. Use the drawdown chart below to compare losses from any high point for GSINX and GSIFX.

Drawdown Indicators

	GSINX	GSIFX	Difference
Max Drawdown Largest peak-to-trough decline	-28.80%	-59.25%	+30.45%
Max Drawdown (1Y) Largest decline over 1 year	-7.80%	-12.15%	+4.35%
Max Drawdown (3Y) Largest decline over 3 years	-10.32%	-13.83%	+3.51%
Max Drawdown (5Y) Largest decline over 5 years	-25.46%	-31.94%	+6.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.00%	—
Current Drawdown Current decline from peak	-4.69%	-0.93%	-3.76%
Average Drawdown Average peak-to-trough decline	-4.85%	-15.23%	+10.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	3.18%	-0.83%

Volatility

GSINX vs. GSIFX - Volatility Comparison

The current volatility for Goldman Sachs GQG Partners International Opportunities Fund (GSINX) is 2.91%, while Goldman Sachs International Equity ESG Fund Class A (GSIFX) has a volatility of 4.69%. This indicates that GSINX experiences smaller price fluctuations and is considered to be less risky than GSIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSINX	GSIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	4.69%	-1.78%
Volatility (6M) Calculated over the trailing 6-month period	7.96%	12.40%	-4.44%
Volatility (1Y) Calculated over the trailing 1-year period	9.71%	15.46%	-5.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.38%	16.93%	-2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	17.40%	-1.71%

GSINX vs. GSIFX - Expense Ratio Comparison

GSINX has a 0.89% expense ratio, which is lower than GSIFX's 1.35% expense ratio.

Dividends

GSINX vs. GSIFX - Dividend Comparison

GSINX's dividend yield for the trailing twelve months is around 4.78%, more than GSIFX's 2.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSIFX Goldman Sachs International Equity ESG Fund Class A	2.06%	2.18%	2.30%	1.37%	0.82%	6.29%	0.00%	1.67%	1.45%	1.25%	2.79%	1.16%
GSINX Goldman Sachs GQG Partners International Opportunities Fund	4.78%	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 GSIFX in my portfolio?

GSINX and GSIFX have a correlation of 0.62, 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 GSIFX?

GSIFX has higher volatility (4.69%) compared to GSINX (2.91%). In terms of maximum drawdown, GSINX dropped -28.80% vs GSIFX's -59.25%.

Which has better risk-adjusted returns?

GSINX currently has the higher Sharpe Ratio (1.19 vs 0.85), 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.