GSIYX vs. GSBFX
GSIYX (Goldman Sachs GQG Partners International Opportunities Fund Class R6) and GSBFX (Goldman Sachs Income Builder Fund) are both mutual funds - GSIYX is a International Equity fund tracking the MSCI AC World ex USA Growth (Net), while GSBFX is a Diversified Portfolio fund managed by Goldman Sachs. Over the past 5 years, GSIYX returned 9.07%/yr vs 5.59%/yr for GSBFX. A 0.72 correlation means they provide meaningful diversification when combined. GSIYX charges 0.75%/yr vs 0.79%/yr for GSBFX.
Performance
GSIYX vs. GSBFX - Performance Comparison
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Returns By Period
In the year-to-date period, GSIYX achieves a 6.46% return, which is significantly higher than GSBFX's 5.23% return.
GSIYX
- 1D
- 0.04%
- 1M
- -0.54%
- YTD
- 6.46%
- 6M
- 7.98%
- 1Y
- 12.72%
- 3Y*
- 17.17%
- 5Y*
- 9.07%
- 10Y*
- —
GSBFX
- 1D
- 0.47%
- 1M
- 1.95%
- YTD
- 5.23%
- 6M
- 5.34%
- 1Y
- 13.72%
- 3Y*
- 10.93%
- 5Y*
- 5.59%
- 10Y*
- 7.02%
GSIYX vs. GSBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSIYX Goldman Sachs GQG Partners International Opportunities Fund Class R6 | 6.46% | 20.89% | 9.69% | 22.07% | -10.99% | 12.47% | 15.86% | 27.59% | -6.02% | 29.91% |
GSBFX Goldman Sachs Income Builder Fund | 5.23% | 10.42% | 9.32% | 9.64% | -9.53% | 10.50% | 9.53% | 19.38% | -4.92% | 7.45% |
Correlation
The correlation between GSIYX and GSBFX is 0.60, 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 | 0.60 |
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 Jan 4, 2017 | 0.72 |
The correlation between GSIYX and GSBFX shifts across timeframes, from 0.60 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GSIYX vs. GSBFX — Risk / Return Rank
GSIYX
GSBFX
GSIYX vs. GSBFX - 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 Goldman Sachs Income Builder Fund (GSBFX). 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.
| GSIYX | GSBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.48 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 3.16 | -1.59 |
| Martin ratioReturn relative to average drawdown | 5.23 | 13.72 | -8.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GSIYX | GSBFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.56 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.76 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.70 | +0.12 |
Drawdowns
GSIYX vs. GSBFX - Drawdown Comparison
The maximum GSIYX drawdown since its inception was -28.79%, smaller than the maximum GSBFX drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for GSIYX and GSBFX.
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Drawdown Indicators
| GSIYX | GSBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.79% | -37.04% | +8.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.81% | -4.44% | -3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -10.30% | -8.14% | -2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -25.36% | -15.94% | -9.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.42% | — |
Current DrawdownCurrent decline from peak | -3.71% | 0.00% | -3.71% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -4.18% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 1.02% | +1.31% |
Volatility
GSIYX vs. GSBFX - Volatility Comparison
Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) has a higher volatility of 2.77% compared to Goldman Sachs Income Builder Fund (GSBFX) at 1.76%. This indicates that GSIYX's price experiences larger fluctuations and is considered to be riskier than GSBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSIYX | GSBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 1.76% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 4.45% | +3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.69% | 5.49% | +4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 7.41% | +6.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.70% | 7.99% | +7.71% |
GSIYX vs. GSBFX - Expense Ratio Comparison
GSIYX has a 0.75% expense ratio, which is lower than GSBFX's 0.79% expense ratio.
Dividends
GSIYX vs. GSBFX - Dividend Comparison
GSIYX's dividend yield for the trailing twelve months is around 4.83%, less than GSBFX's 5.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSBFX Goldman Sachs Income Builder Fund | 5.09% | 4.39% | 5.12% | 3.41% | 4.10% | 6.66% | 3.05% | 3.52% | 3.98% | 3.52% | 3.78% | 3.93% |
GSIYX Goldman Sachs GQG Partners International Opportunities Fund Class R6 | 4.83% | 5.14% | 11.21% | 2.38% | 4.91% | 2.25% | 0.19% | 0.67% | 0.55% | 0.16% | 0.00% | 0.00% |
Frequently Asked Questions
GSIYX and GSBFX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSIYX has higher volatility (2.77%) compared to GSBFX (1.76%). In terms of maximum drawdown, GSIYX dropped -28.79% vs GSBFX's -37.04%.
GSBFX currently has the higher Sharpe Ratio (2.56 vs 1.26), 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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