GSMIX vs. GSIHX
Compare and contrast key facts about Goldman Sachs Dynamic Municipal Income Fund (GSMIX) and Goldman Sachs GQG Partners International Opportunities Fund Class A (GSIHX).
GSMIX is managed by Goldman Sachs. It was launched on Jul 19, 1993. GSIHX is managed by Goldman Sachs. It was launched on Dec 15, 2016.
Performance
GSMIX vs. GSIHX - Performance Comparison
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GSMIX vs. GSIHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSMIX Goldman Sachs Dynamic Municipal Income Fund | -0.23% | 4.12% | 3.03% | 6.41% | -9.77% | 2.80% | 3.57% | 7.49% | 2.83% | 5.62% |
GSIHX Goldman Sachs GQG Partners International Opportunities Fund Class A | 4.66% | 20.43% | 9.35% | 21.60% | -11.36% | 12.01% | 15.36% | 27.15% | -6.38% | 29.41% |
Returns By Period
In the year-to-date period, GSMIX achieves a -0.23% return, which is significantly lower than GSIHX's 4.66% return.
GSMIX
- 1D
- 0.26%
- 1M
- -1.88%
- YTD
- -0.23%
- 6M
- 0.99%
- 1Y
- 3.18%
- 3Y*
- 3.62%
- 5Y*
- 0.98%
- 10Y*
- 2.45%
GSIHX
- 1D
- 0.91%
- 1M
- -3.95%
- YTD
- 4.66%
- 6M
- 8.03%
- 1Y
- 16.23%
- 3Y*
- 17.33%
- 5Y*
- 10.01%
- 10Y*
- —
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GSMIX vs. GSIHX - Expense Ratio Comparison
GSMIX has a 0.73% expense ratio, which is lower than GSIHX's 1.12% expense ratio.
Return for Risk
GSMIX vs. GSIHX — Risk / Return Rank
GSMIX
GSIHX
GSMIX vs. GSIHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Dynamic Municipal Income Fund (GSMIX) and Goldman Sachs GQG Partners International Opportunities Fund Class A (GSIHX). 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.
| GSMIX | GSIHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 1.33 | -0.54 |
Sortino ratioReturn per unit of downside risk | 1.08 | 1.76 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.83 | -0.81 |
Martin ratioReturn relative to average drawdown | 3.62 | 7.34 | -3.73 |
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
| GSMIX | GSIHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.33 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.70 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.79 | +0.16 |
Correlation
The correlation between GSMIX and GSIHX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GSMIX vs. GSIHX - Dividend Comparison
GSMIX's dividend yield for the trailing twelve months is around 3.51%, less than GSIHX's 4.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSMIX Goldman Sachs Dynamic Municipal Income Fund | 3.51% | 4.32% | 3.31% | 2.82% | 1.86% | 1.92% | 2.11% | 2.57% | 2.79% | 2.99% | 3.35% | 3.43% |
GSIHX Goldman Sachs GQG Partners International Opportunities Fund Class A | 4.59% | 4.80% | 10.87% | 2.04% | 4.47% | 1.90% | 0.00% | 0.41% | 0.18% | 0.00% | 0.00% | 0.00% |
Drawdowns
GSMIX vs. GSIHX - Drawdown Comparison
The maximum GSMIX drawdown since its inception was -15.43%, smaller than the maximum GSIHX drawdown of -28.79%. Use the drawdown chart below to compare losses from any high point for GSMIX and GSIHX.
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Drawdown Indicators
| GSMIX | GSIHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.43% | -28.79% | +13.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.44% | -8.78% | +4.34% |
Max Drawdown (5Y)Largest decline over 5 years | -14.33% | -25.63% | +11.30% |
Max Drawdown (10Y)Largest decline over 10 years | -14.33% | — | — |
Current DrawdownCurrent decline from peak | -2.13% | -5.28% | +3.15% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -4.99% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 2.19% | -0.94% |
Volatility
GSMIX vs. GSIHX - Volatility Comparison
The current volatility for Goldman Sachs Dynamic Municipal Income Fund (GSMIX) is 0.94%, while Goldman Sachs GQG Partners International Opportunities Fund Class A (GSIHX) has a volatility of 4.82%. This indicates that GSMIX experiences smaller price fluctuations and is considered to be less risky than GSIHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSMIX | GSIHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 4.82% | -3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 1.48% | 7.39% | -5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 12.54% | -8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.64% | 14.46% | -10.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.90% | 15.79% | -11.89% |