GSPAX vs. GCIIX
GSPAX (Goldman Sachs U.S. Equity Dividend and Premium Fund Class A) and GCIIX (Goldman Sachs International Equity Insights Fund) are both mutual funds - GSPAX is a Dividend fund actively managed by Goldman Sachs, while GCIIX is a Foreign Large Cap Equities fund managed by Goldman Sachs. Over the past 10 years, GSPAX returned 12.69%/yr vs 10.97%/yr for GCIIX. A 0.78 correlation means they provide meaningful diversification when combined. GSPAX charges 1.01%/yr vs 0.80%/yr for GCIIX.
Performance
GSPAX vs. GCIIX - Performance Comparison
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Returns By Period
In the year-to-date period, GSPAX achieves a 10.39% return, which is significantly lower than GCIIX's 12.60% return. Over the past 10 years, GSPAX has outperformed GCIIX with an annualized return of 12.69%, while GCIIX has yielded a comparatively lower 10.97% annualized return.
GSPAX
- 1D
- 0.15%
- 1M
- 4.80%
- YTD
- 10.39%
- 6M
- 10.76%
- 1Y
- 24.52%
- 3Y*
- 20.59%
- 5Y*
- 12.89%
- 10Y*
- 12.69%
GCIIX
- 1D
- 0.39%
- 1M
- 6.07%
- YTD
- 12.60%
- 6M
- 15.21%
- 1Y
- 30.53%
- 3Y*
- 24.19%
- 5Y*
- 12.23%
- 10Y*
- 10.97%
GSPAX vs. GCIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSPAX Goldman Sachs U.S. Equity Dividend and Premium Fund Class A | 10.39% | 13.27% | 29.10% | 21.09% | -15.36% | 22.39% | 13.66% | 24.67% | -6.63% | 14.84% |
GCIIX Goldman Sachs International Equity Insights Fund | 12.60% | 40.72% | 9.65% | 20.80% | -14.91% | 11.71% | 7.83% | 18.52% | -15.82% | 29.65% |
Correlation
The correlation between GSPAX and GCIIX is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2006 | 0.78 |
The correlation between GSPAX and GCIIX has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
GSPAX vs. GCIIX — Risk / Return Rank
GSPAX
GCIIX
GSPAX vs. GCIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs U.S. Equity Dividend and Premium Fund Class A (GSPAX) and Goldman Sachs International Equity Insights Fund (GCIIX). 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.
| GSPAX | GCIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.35 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 2.43 | +0.76 |
| Martin ratioReturn relative to average drawdown | 16.15 | 9.08 | +7.07 |
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
| GSPAX | GCIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 1.96 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.76 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.66 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.32 | +0.21 |
Drawdowns
GSPAX vs. GCIIX - Drawdown Comparison
The maximum GSPAX drawdown since its inception was -52.07%, smaller than the maximum GCIIX drawdown of -61.08%. Use the drawdown chart below to compare losses from any high point for GSPAX and GCIIX.
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Drawdown Indicators
| GSPAX | GCIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -61.08% | +9.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.92% | -12.33% | +4.41% |
Max Drawdown (3Y)Largest decline over 3 years | -20.51% | -13.25% | -7.26% |
Max Drawdown (5Y)Largest decline over 5 years | -22.39% | -30.58% | +8.19% |
Max Drawdown (10Y)Largest decline over 10 years | -32.71% | -39.85% | +7.14% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -15.04% | +8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 3.29% | -1.73% |
Volatility
GSPAX vs. GCIIX - Volatility Comparison
The current volatility for Goldman Sachs U.S. Equity Dividend and Premium Fund Class A (GSPAX) is 1.98%, while Goldman Sachs International Equity Insights Fund (GCIIX) has a volatility of 4.87%. This indicates that GSPAX experiences smaller price fluctuations and is considered to be less risky than GCIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSPAX | GCIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 4.87% | -2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 12.70% | -4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.85% | 15.30% | -5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 16.11% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.89% | 16.79% | +0.10% |
GSPAX vs. GCIIX - Expense Ratio Comparison
GSPAX has a 1.01% expense ratio, which is higher than GCIIX's 0.80% expense ratio.
Dividends
GSPAX vs. GCIIX - Dividend Comparison
GSPAX's dividend yield for the trailing twelve months is around 5.68%, less than GCIIX's 6.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCIIX Goldman Sachs International Equity Insights Fund | 6.91% | 7.78% | 9.24% | 2.81% | 3.94% | 6.33% | 1.86% | 2.46% | 1.94% | 1.62% | 2.51% | 1.45% |
GSPAX Goldman Sachs U.S. Equity Dividend and Premium Fund Class A | 5.68% | 6.05% | 12.41% | 6.14% | 6.12% | 5.67% | 6.81% | 6.47% | 7.50% | 5.73% | 5.25% | 5.86% |
Frequently Asked Questions
GSPAX and GCIIX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GCIIX has higher volatility (4.87%) compared to GSPAX (1.98%). In terms of maximum drawdown, GSPAX dropped -52.07% vs GCIIX's -61.08%.
GSPAX currently has the higher Sharpe Ratio (2.56 vs 1.96), 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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