KBIWX vs. GGINX

Last updated Jul 11, 2026

KBIWX (KBI Global Investors Aquarius Fund) and GGINX (Goldman Sachs Global Infrastructure Fund) are both Energy Equities funds. Over the past 5 years, KBIWX returned 6.48%/yr vs 10.36%/yr for GGINX. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 1.10% expense ratio.

Performance

KBIWX vs. GGINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KBI Global Investors Aquarius Fund (KBIWX) and Goldman Sachs Global Infrastructure Fund (GGINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KBIWX achieves a 4.56% return, which is significantly lower than GGINX's 11.01% return.

KBIWX

• 1D: 0.09%
• 1M: 2.50%
• 6M: 0.17%
• YTD: 4.56%
• 1Y: 4.59%
• 3Y*: 10.61%
• 5Y*: 6.48%
• 10Y*: —

GGINX

• 1D: -0.63%
• 1M: -1.46%
• 6M: 11.79%
• YTD: 11.01%
• 1Y: 15.58%
• 3Y*: 19.85%
• 5Y*: 10.36%
• 10Y*: —

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

KBIWX vs. GGINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KBIWX KBI Global Investors Aquarius Fund	4.56%	13.98%	3.89%	19.47%	-14.44%	27.34%	13.48%	24.31%	-6.76%
GGINX Goldman Sachs Global Infrastructure Fund	11.01%	15.18%	28.43%	5.00%	-8.51%	16.49%	-3.81%	31.50%	-2.73%

Correlation

The correlation between KBIWX and GGINX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Oct 12, 2018	0.69

Over the past year, the correlation between KBIWX and GGINX has dropped to 0.40 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

KBIWX vs. GGINX — Risk / Return Rank

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

KBIWX

KBIWX Risk / Return Rank: 6
KBIWX Sharpe Ratio Rank: 6
KBIWX Sortino Ratio Rank: 6
KBIWX Omega Ratio Rank: 6
KBIWX Calmar Ratio Rank: 6
KBIWX Martin Ratio Rank: 6

GGINX

GGINX Risk / Return Rank: 47
GGINX Sharpe Ratio Rank: 40
GGINX Sortino Ratio Rank: 39
GGINX Omega Ratio Rank: 36
GGINX Calmar Ratio Rank: 77
GGINX Martin Ratio Rank: 45

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.

KBIWX vs. GGINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KBI Global Investors Aquarius Fund (KBIWX) 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.

	KBIWX	GGINX	Difference
Sharpe ratio: Return per unit of total volatility	0.31	1.40	-1.09
Sortino ratio: Return per unit of downside risk	0.54	2.01	-1.47
Omega ratio: Gain probability vs. loss probability	1.06	1.24	-0.18
Calmar ratio: Return relative to maximum drawdown	0.36	2.78	-2.42
Martin ratio: Return relative to average drawdown	0.88	7.55	-6.67

KBIWX vs. GGINX - Sharpe Ratio Comparison

The current KBIWX Sharpe Ratio is 0.31, which is lower than the GGINX Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of KBIWX and GGINX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KBIWX vs. GGINX - Drawdown Comparison

The maximum KBIWX drawdown since its inception was -39.00%, which is greater than GGINX's maximum drawdown of -35.80%. Use the drawdown chart below to compare losses from any high point for KBIWX and GGINX.

Drawdown Indicators

	KBIWX	GGINX	Difference
Max Drawdown Largest peak-to-trough decline	-39.00%	-35.80%	-3.20%
Max Drawdown (1Y) Largest decline over 1 year	-12.25%	-5.59%	-6.66%
Max Drawdown (3Y) Largest decline over 3 years	-22.30%	-15.39%	-6.91%
Max Drawdown (5Y) Largest decline over 5 years	-26.88%	-24.21%	-2.67%
Current Drawdown Current decline from peak	-6.37%	-3.48%	-2.89%
Average Drawdown Average peak-to-trough decline	-6.75%	-5.87%	-0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.04%	2.05%	+2.99%

Volatility

KBIWX vs. GGINX - Volatility Comparison

KBI Global Investors Aquarius Fund (KBIWX) has a higher volatility of 5.22% compared to Goldman Sachs Global Infrastructure Fund (GGINX) at 3.82%. This indicates that KBIWX's price experiences larger fluctuations and is considered to be riskier than GGINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KBIWX	GGINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.22%	3.82%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	11.59%	9.14%	+2.45%
Volatility (1Y) Calculated over the trailing 1-year period	14.48%	11.09%	+3.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.23%	19.75%	-1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.66%	18.94%	+0.72%

KBIWX vs. GGINX - Expense Ratio Comparison

Both KBIWX and GGINX have an expense ratio of 1.10%.

Dividends

KBIWX vs. GGINX - Dividend Comparison

KBIWX's dividend yield for the trailing twelve months is around 8.54%, more than GGINX's 6.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GGINX Goldman Sachs Global Infrastructure Fund	6.16%	6.26%	30.25%	2.67%	0.89%	1.86%	1.75%	2.04%	1.98%	2.53%
KBIWX KBI Global Investors Aquarius Fund	8.54%	8.93%	19.35%	5.40%	7.76%	19.57%	2.13%	2.79%	0.06%	0.00%

Frequently Asked Questions

Can I hold both KBIWX and GGINX in my portfolio?

KBIWX and GGINX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KBIWX or GGINX?

KBIWX has higher volatility (5.22%) compared to GGINX (3.82%). In terms of maximum drawdown, KBIWX dropped -39.00% vs GGINX's -35.80%.

Which has better risk-adjusted returns?

GGINX currently has the higher Sharpe Ratio (1.40 vs 0.31), 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.