GSIYX vs. BADEX
GSIYX (Goldman Sachs GQG Partners International Opportunities Fund Class R6) and BADEX (BlackRock Defensive Advantage Emerging Markets Fund) are both mutual funds - GSIYX is a Foreign Large Cap Equities fund tracking the MSCI AC World ex USA Growth (Net), while BADEX is a Emerging Markets Equities fund managed by BlackRock. Over the past 5 years, GSIYX returned 9.23%/yr vs 7.64%/yr for BADEX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. GSIYX charges 0.75%/yr vs 1.06%/yr for BADEX.
Performance
GSIYX vs. BADEX - Performance Comparison
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Returns By Period
In the year-to-date period, GSIYX achieves a 8.15% return, which is significantly lower than BADEX's 14.65% return.
GSIYX
- 1D
- 0.00%
- 1M
- 2.02%
- 6M
- 3.76%
- YTD
- 8.15%
- 1Y
- 15.65%
- 3Y*
- 15.81%
- 5Y*
- 9.23%
- 10Y*
- —
- ALL TIME*
- 12.78%
BADEX
- 1D
- 0.26%
- 1M
- -1.03%
- 6M
- 8.61%
- YTD
- 14.65%
- 1Y
- 21.02%
- 3Y*
- 13.05%
- 5Y*
- 7.64%
- 10Y*
- —
- ALL TIME*
- 7.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GSIYX vs. BADEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GSIYX Goldman Sachs GQG Partners International Opportunities Fund Class R6 | 8.15% | 20.89% | 9.69% | 22.07% | -10.99% | 12.47% | 0.85% |
BADEX BlackRock Defensive Advantage Emerging Markets Fund | 14.65% | 13.95% | 10.15% | 11.67% | -11.34% | 4.49% | 2.32% |
Correlation
The correlation between GSIYX and BADEX is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2020 | 0.59 |
Over the past year, the correlation between GSIYX and BADEX has dropped to 0.21 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
GSIYX vs. BADEX — Risk / Return Rank
GSIYX
BADEX
GSIYX vs. BADEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) and BlackRock Defensive Advantage Emerging Markets Fund (BADEX). 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.
| GSIYX | BADEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.30 | -0.29 |
| Martin ratioReturn relative to average drawdown | 5.50 | 7.64 | -2.13 |
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Drawdowns
GSIYX vs. BADEX - Drawdown Comparison
The maximum GSIYX drawdown since its inception was -28.79%, which is greater than BADEX's maximum drawdown of -21.86%. Use the drawdown chart below to compare losses from any high point for GSIYX and BADEX.
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Drawdown Indicators
| GSIYX | BADEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.79% | -21.86% | -6.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.81% | -8.89% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -10.30% | -8.89% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -25.36% | -20.57% | -4.79% |
Current DrawdownCurrent decline from peak | -2.17% | -5.27% | +3.10% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -5.56% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 2.67% | +0.18% |
Volatility
GSIYX vs. BADEX - Volatility Comparison
The current volatility for Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) is 2.66%, while BlackRock Defensive Advantage Emerging Markets Fund (BADEX) has a volatility of 6.00%. This indicates that GSIYX experiences smaller price fluctuations and is considered to be less risky than BADEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSIYX | BADEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 6.00% | -3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | 12.54% | -4.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.86% | 13.37% | -3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 10.85% | +3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 10.91% | +4.71% |
GSIYX vs. BADEX - Expense Ratio Comparison
GSIYX has a 0.75% expense ratio, which is lower than BADEX's 1.06% expense ratio.
Dividends
GSIYX vs. BADEX - Dividend Comparison
GSIYX's dividend yield for the trailing twelve months is around 4.76%, less than BADEX's 11.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BADEX BlackRock Defensive Advantage Emerging Markets Fund | 11.48% | 7.52% | 2.27% | 1.92% | 2.43% | 7.54% | 0.03% | 0.00% | 0.00% | 0.00% |
GSIYX Goldman Sachs GQG Partners International Opportunities Fund Class R6 | 4.76% | 5.14% | 11.21% | 2.38% | 4.91% | 2.25% | 0.19% | 0.67% | 0.55% | 0.16% |
Frequently Asked Questions
GSIYX and BADEX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BADEX has higher volatility (6.00%) compared to GSIYX (2.66%). In terms of maximum drawdown, GSIYX dropped -28.79% vs BADEX's -21.86%.
GSIYX currently has the higher Sharpe Ratio (1.60 vs 1.53), 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.
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