GSRTX vs. GICIX

Last updated Jun 4, 2026

GSRTX (Goldman Sachs Absolute Return Tracker Fund) and GICIX (Goldman Sachs International Small Cap Insights Fund) are both mutual funds - GSRTX is a Multistrategy fund managed by Goldman Sachs, while GICIX is a Foreign Small & Mid Cap Equities fund managed by Goldman Sachs. Over the past 10 years, GSRTX returned 5.53%/yr vs 9.94%/yr for GICIX. A 0.78 correlation means they provide meaningful diversification when combined. GSRTX charges 0.75%/yr vs 0.87%/yr for GICIX.

Performance

GSRTX vs. GICIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Absolute Return Tracker Fund (GSRTX) and Goldman Sachs International Small Cap Insights Fund (GICIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSRTX achieves a 6.74% return, which is significantly lower than GICIX's 14.40% return. Over the past 10 years, GSRTX has underperformed GICIX with an annualized return of 5.53%, while GICIX has yielded a comparatively higher 9.94% annualized return.

GSRTX

• 1D: 0.36%
• 1M: 2.83%
• YTD: 6.74%
• 6M: 7.22%
• 1Y: 14.83%
• 3Y*: 9.56%
• 5Y*: 5.66%
• 10Y*: 5.53%

GICIX

• 1D: -0.16%
• 1M: 4.64%
• YTD: 14.40%
• 6M: 17.91%
• 1Y: 34.09%
• 3Y*: 23.39%
• 5Y*: 9.70%
• 10Y*: 9.94%

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

GSRTX vs. GICIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSRTX Goldman Sachs Absolute Return Tracker Fund	6.74%	9.55%	6.93%	10.69%	-6.36%	6.32%	3.55%	10.66%	-2.57%	7.25%
GICIX Goldman Sachs International Small Cap Insights Fund	14.40%	42.83%	5.57%	15.11%	-18.53%	13.03%	7.69%	21.59%	-18.80%	33.05%

Correlation

The correlation between GSRTX and GICIX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jan 5, 2009	0.78

The correlation between GSRTX and GICIX has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

Return for Risk

GSRTX vs. GICIX — Risk / Return Rank

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

GSRTX

GSRTX Risk / Return Rank: 79
GSRTX Sharpe Ratio Rank: 81
GSRTX Sortino Ratio Rank: 78
GSRTX Omega Ratio Rank: 78
GSRTX Calmar Ratio Rank: 76
GSRTX Martin Ratio Rank: 80

GICIX

GICIX Risk / Return Rank: 50
GICIX Sharpe Ratio Rank: 55
GICIX Sortino Ratio Rank: 52
GICIX Omega Ratio Rank: 53
GICIX Calmar Ratio Rank: 44
GICIX Martin Ratio Rank: 44

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.

GSRTX vs. GICIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Absolute Return Tracker Fund (GSRTX) and Goldman Sachs International Small Cap Insights Fund (GICIX). 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.

	GSRTX	GICIX	Difference
Sharpe ratio Return per unit of total volatility	2.62	2.20	+0.42
Sortino ratio Return per unit of downside risk	3.72	3.04	+0.67
Omega ratio Gain probability vs. loss probability	1.51	1.40	+0.11
Calmar ratio Return relative to maximum drawdown	3.47	2.50	+0.97
Martin ratio Return relative to average drawdown	15.06	9.35	+5.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSRTX vs. GICIX - Sharpe Ratio Comparison

The current GSRTX Sharpe Ratio is 2.62, which is comparable to the GICIX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of GSRTX and GICIX, 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

	GSRTX	GICIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	2.20	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.59	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	0.59	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.41	+0.27

Drawdowns

GSRTX vs. GICIX - Drawdown Comparison

The maximum GSRTX drawdown since its inception was -13.27%, smaller than the maximum GICIX drawdown of -56.71%. Use the drawdown chart below to compare losses from any high point for GSRTX and GICIX.

Drawdown Indicators

	GSRTX	GICIX	Difference
Max Drawdown Largest peak-to-trough decline	-13.27%	-56.71%	+43.44%
Max Drawdown (1Y) Largest decline over 1 year	-4.35%	-13.39%	+9.04%
Max Drawdown (3Y) Largest decline over 3 years	-8.51%	-13.39%	+4.88%
Max Drawdown (5Y) Largest decline over 5 years	-10.96%	-34.53%	+23.57%
Max Drawdown (10Y) Largest decline over 10 years	-13.27%	-43.84%	+30.57%
Current Drawdown Current decline from peak	0.00%	-1.02%	+1.02%
Average Drawdown Average peak-to-trough decline	-2.26%	-10.93%	+8.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	3.56%	-2.56%

Volatility

GSRTX vs. GICIX - Volatility Comparison

The current volatility for Goldman Sachs Absolute Return Tracker Fund (GSRTX) is 1.45%, while Goldman Sachs International Small Cap Insights Fund (GICIX) has a volatility of 4.40%. This indicates that GSRTX experiences smaller price fluctuations and is considered to be less risky than GICIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSRTX	GICIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.45%	4.40%	-2.95%
Volatility (6M) Calculated over the trailing 6-month period	4.54%	12.68%	-8.14%
Volatility (1Y) Calculated over the trailing 1-year period	5.76%	15.28%	-9.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.70%	16.54%	-9.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.48%	16.80%	-10.32%

GSRTX vs. GICIX - Expense Ratio Comparison

GSRTX has a 0.75% expense ratio, which is lower than GICIX's 0.87% expense ratio.

Dividends

GSRTX vs. GICIX - Dividend Comparison

GSRTX's dividend yield for the trailing twelve months is around 1.94%, less than GICIX's 7.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GICIX Goldman Sachs International Small Cap Insights Fund	7.07%	8.08%	4.77%	3.04%	3.10%	3.39%	1.87%	3.47%	1.68%	8.29%	2.79%	1.69%
GSRTX Goldman Sachs Absolute Return Tracker Fund	1.94%	2.07%	1.05%	2.69%	5.18%	9.00%	0.61%	3.52%	2.62%	3.51%	0.54%	1.66%

Frequently Asked Questions

Can I hold both GSRTX and GICIX in my portfolio?

GSRTX and GICIX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSRTX or GICIX?

GICIX has higher volatility (4.40%) compared to GSRTX (1.45%). In terms of maximum drawdown, GSRTX dropped -13.27% vs GICIX's -56.71%.

Which has better risk-adjusted returns?

GSRTX currently has the higher Sharpe Ratio (2.62 vs 2.20), 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.