IGF vs. GGINX
IGF (iShares Global Infrastructure ETF) and GGINX (Goldman Sachs Global Infrastructure Fund) are both funds - IGF is a Industrials Equities fund tracking the S&P Global Infrastructure Index (Net), while GGINX is a Energy Equities fund managed by Goldman Sachs. Over the past 5 years, IGF returned 10.70%/yr vs 10.65%/yr for GGINX. Their correlation of 0.88 suggests significant overlap in exposure. IGF charges 0.39%/yr vs 1.10%/yr for GGINX.
Performance
IGF vs. GGINX - Performance Comparison
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Returns By Period
In the year-to-date period, IGF achieves a 9.67% return, which is significantly lower than GGINX's 11.11% return.
IGF
- 1D
- -0.03%
- 1M
- -0.16%
- YTD
- 9.67%
- 6M
- 8.98%
- 1Y
- 17.62%
- 3Y*
- 16.78%
- 5Y*
- 10.70%
- 10Y*
- 8.79%
GGINX
- 1D
- 0.78%
- 1M
- -2.46%
- YTD
- 11.11%
- 6M
- 11.36%
- 1Y
- 15.58%
- 3Y*
- 20.45%
- 5Y*
- 10.65%
- 10Y*
- —
IGF vs. GGINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 9.67% | 21.31% | 14.81% | 6.14% | -1.26% | 11.57% | -6.50% | 25.82% | -9.95% | 19.31% |
GGINX Goldman Sachs Global Infrastructure Fund | 11.11% | 15.18% | 28.43% | 5.00% | -8.51% | 16.49% | -3.81% | 31.50% | -8.99% | 11.75% |
Correlation
The correlation between IGF and GGINX 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 | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.88 |
The correlation between IGF and GGINX has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.
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Return for Risk
IGF vs. GGINX — Risk / Return Rank
IGF
GGINX
IGF vs. GGINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) and Goldman Sachs Global Infrastructure Fund (GGINX). 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.
| IGF | GGINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.26 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.96 | +0.06 |
| Martin ratioReturn relative to average drawdown | 8.52 | 8.33 | +0.19 |
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Drawdowns
IGF vs. GGINX - Drawdown Comparison
The maximum IGF drawdown since its inception was -58.33%, which is greater than GGINX's maximum drawdown of -35.80%. Use the drawdown chart below to compare losses from any high point for IGF and GGINX.
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Drawdown Indicators
| IGF | GGINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.33% | -35.80% | -22.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -5.59% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -14.28% | -15.39% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -20.83% | -24.21% | +3.38% |
Max Drawdown (10Y)Largest decline over 10 years | -42.11% | — | — |
Current DrawdownCurrent decline from peak | -2.99% | -3.40% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -11.84% | -5.88% | -5.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 1.97% | +0.10% |
Volatility
IGF vs. GGINX - Volatility Comparison
The current volatility for iShares Global Infrastructure ETF (IGF) is 3.35%, while Goldman Sachs Global Infrastructure Fund (GGINX) has a volatility of 3.57%. This indicates that IGF experiences smaller price fluctuations and is considered to be less risky than GGINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGF | GGINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 3.57% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.73% | 8.75% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.56% | 10.87% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.96% | 19.72% | -5.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 18.97% | -2.24% |
IGF vs. GGINX - Expense Ratio Comparison
IGF has a 0.39% expense ratio, which is lower than GGINX's 1.10% expense ratio.
Dividends
IGF vs. GGINX - Dividend Comparison
IGF's dividend yield for the trailing twelve months is around 2.91%, less than GGINX's 6.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGINX Goldman Sachs Global Infrastructure Fund | 6.03% | 6.26% | 30.25% | 2.67% | 0.89% | 1.86% | 1.75% | 2.04% | 1.98% | 2.53% | 0.00% | 0.00% |
IGF iShares Global Infrastructure ETF | 2.91% | 3.23% | 3.21% | 3.36% | 2.67% | 2.42% | 2.33% | 3.27% | 3.52% | 2.95% | 2.98% | 3.25% |
Frequently Asked Questions
IGF and GGINX 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.
GGINX has higher volatility (3.57%) compared to IGF (3.35%). In terms of maximum drawdown, IGF dropped -58.33% vs GGINX's -35.80%.
IGF currently has the higher Sharpe Ratio (1.68 vs 1.52), 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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