IVFIX vs. GSIKX

Last updated Jun 3, 2026

IVFIX (Federated Hermes International Strategic Value Dividend Fund) and GSIKX (Goldman Sachs International Equity Income Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, IVFIX returned 6.79%/yr vs 10.86%/yr for GSIKX. Their correlation of 0.86 suggests significant overlap in exposure. IVFIX charges 0.86%/yr vs 0.85%/yr for GSIKX.

Performance

IVFIX vs. GSIKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes International Strategic Value Dividend Fund (IVFIX) and Goldman Sachs International Equity Income Fund (GSIKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVFIX achieves a 5.80% return, which is significantly lower than GSIKX's 10.25% return. Over the past 10 years, IVFIX has underperformed GSIKX with an annualized return of 6.79%, while GSIKX has yielded a comparatively higher 10.86% annualized return.

IVFIX

• 1D: -1.04%
• 1M: -2.52%
• YTD: 5.80%
• 6M: 7.91%
• 1Y: 14.53%
• 3Y*: 13.89%
• 5Y*: 8.99%
• 10Y*: 6.79%

GSIKX

• 1D: -0.44%
• 1M: 2.11%
• YTD: 10.25%
• 6M: 14.50%
• 1Y: 25.77%
• 3Y*: 19.92%
• 5Y*: 12.05%
• 10Y*: 10.86%

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

IVFIX vs. GSIKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVFIX Federated Hermes International Strategic Value Dividend Fund	5.80%	31.79%	1.91%	11.05%	-2.54%	11.58%	-1.74%	20.15%	-11.96%	14.63%
GSIKX Goldman Sachs International Equity Income Fund	10.25%	34.30%	8.81%	17.60%	-7.93%	13.66%	2.59%	26.92%	-12.12%	26.53%

Correlation

The correlation between IVFIX and GSIKX is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jun 4, 2008	0.86

Over the past year, the correlation between IVFIX and GSIKX has dropped to 0.64 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

Return for Risk

IVFIX vs. GSIKX — Risk / Return Rank

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

IVFIX

IVFIX Risk / Return Rank: 39
IVFIX Sharpe Ratio Rank: 33
IVFIX Sortino Ratio Rank: 33
IVFIX Omega Ratio Rank: 34
IVFIX Calmar Ratio Rank: 51
IVFIX Martin Ratio Rank: 43

GSIKX

GSIKX Risk / Return Rank: 41
GSIKX Sharpe Ratio Rank: 42
GSIKX Sortino Ratio Rank: 38
GSIKX Omega Ratio Rank: 40
GSIKX Calmar Ratio Rank: 41
GSIKX Martin Ratio Rank: 41

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.

IVFIX vs. GSIKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Strategic Value Dividend Fund (IVFIX) and Goldman Sachs International Equity Income Fund (GSIKX). 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.

	IVFIX	GSIKX	Difference
Sharpe ratio Return per unit of total volatility	1.68	1.90	-0.22
Sortino ratio Return per unit of downside risk	2.40	2.59	-0.18
Omega ratio Gain probability vs. loss probability	1.31	1.34	-0.03
Calmar ratio Return relative to maximum drawdown	2.75	2.45	+0.30
Martin ratio Return relative to average drawdown	9.11	8.87	+0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVFIX vs. GSIKX - Sharpe Ratio Comparison

The current IVFIX Sharpe Ratio is 1.68, which is comparable to the GSIKX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of IVFIX and GSIKX, 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

	IVFIX	GSIKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	1.90	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.83	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.68	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.28	-0.07

Drawdowns

IVFIX vs. GSIKX - Drawdown Comparison

The maximum IVFIX drawdown since its inception was -51.49%, smaller than the maximum GSIKX drawdown of -56.58%. Use the drawdown chart below to compare losses from any high point for IVFIX and GSIKX.

Drawdown Indicators

	IVFIX	GSIKX	Difference
Max Drawdown Largest peak-to-trough decline	-51.49%	-56.58%	+5.09%
Max Drawdown (1Y) Largest decline over 1 year	-6.97%	-11.28%	+4.31%
Max Drawdown (3Y) Largest decline over 3 years	-10.75%	-12.11%	+1.36%
Max Drawdown (5Y) Largest decline over 5 years	-21.29%	-25.90%	+4.61%
Max Drawdown (10Y) Largest decline over 10 years	-33.46%	-34.47%	+1.01%
Current Drawdown Current decline from peak	-6.07%	-1.76%	-4.31%
Average Drawdown Average peak-to-trough decline	-11.62%	-11.82%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	3.12%	-0.56%

Volatility

IVFIX vs. GSIKX - Volatility Comparison

Federated Hermes International Strategic Value Dividend Fund (IVFIX) and Goldman Sachs International Equity Income Fund (GSIKX) have volatilities of 4.83% and 4.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVFIX	GSIKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	4.84%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.34%	11.74%	-2.40%
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	14.34%	-2.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.13%	14.66%	-1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.79%	16.12%	-1.33%

IVFIX vs. GSIKX - Expense Ratio Comparison

IVFIX has a 0.86% expense ratio, which is higher than GSIKX's 0.85% expense ratio.

Dividends

IVFIX vs. GSIKX - Dividend Comparison

IVFIX's dividend yield for the trailing twelve months is around 3.60%, more than GSIKX's 3.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSIKX Goldman Sachs International Equity Income Fund	3.56%	3.93%	3.23%	2.78%	0.64%	2.90%	1.96%	2.85%	14.89%	1.73%	2.35%	1.14%
IVFIX Federated Hermes International Strategic Value Dividend Fund	3.60%	3.37%	4.44%	4.01%	3.99%	3.67%	3.62%	3.98%	4.97%	4.17%	3.38%	3.95%

Frequently Asked Questions

Can I hold both IVFIX and GSIKX in my portfolio?

IVFIX and GSIKX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVFIX or GSIKX?

GSIKX has higher volatility (4.84%) compared to IVFIX (4.83%). In terms of maximum drawdown, IVFIX dropped -51.49% vs GSIKX's -56.58%.

Which has better risk-adjusted returns?

GSIKX currently has the higher Sharpe Ratio (1.90 vs 1.68), 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.