OWLSX vs. GIDGX

Last updated Aug 1, 2026

OWLSX (Old Westbury Large Cap Strategies Fund) and GIDGX (Goldman Sachs Enhanced Dividend Global Equity Portfolio) are both Global Equities funds. Over the past 10 years, OWLSX returned 10.06%/yr vs 10.55%/yr for GIDGX. Their correlation of 0.90 means they have usually moved in the same direction. OWLSX charges 1.09%/yr vs 0.17%/yr for GIDGX.

Performance

OWLSX vs. GIDGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Old Westbury Large Cap Strategies Fund (OWLSX) and Goldman Sachs Enhanced Dividend Global Equity Portfolio (GIDGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OWLSX achieves a 7.40% return, which is significantly lower than GIDGX's 11.35% return. Both investments have delivered pretty close results over the past 10 years, with OWLSX having a 10.06% annualized return and GIDGX not far ahead at 10.55%.

OWLSX

• 1D: 2.11%
• 1M: -0.05%
• 6M: 4.96%
• YTD: 7.40%
• 1Y: 16.67%
• 3Y*: 16.26%
• 5Y*: 8.22%
• 10Y*: 10.06%
• ALL TIME*: 3.94%

GIDGX

• 1D: 1.42%
• 1M: -0.24%
• 6M: 8.57%
• YTD: 11.35%
• 1Y: 21.53%
• 3Y*: 17.10%
• 5Y*: 10.81%
• 10Y*: 10.55%
• ALL TIME*: 10.23%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GIDGX Goldman Sachs Enhanced Dividend Global Equity Portfolio	$0.00	$0.00	$0.00
OWLSX Old Westbury Large Cap Strategies Fund	$0.00	$0.00	$0.00

OWLSX vs. GIDGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OWLSX Old Westbury Large Cap Strategies Fund	7.40%	17.61%	20.86%	19.74%	-22.15%	17.26%	15.36%	25.19%	-8.59%	19.40%
GIDGX Goldman Sachs Enhanced Dividend Global Equity Portfolio	11.35%	15.74%	20.59%	17.92%	-12.75%	18.46%	8.41%	19.97%	-8.26%	15.18%

Correlation

The correlation between OWLSX and GIDGX is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009	0.90

The correlation between OWLSX and GIDGX has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

OWLSX vs. GIDGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OWLSX

OWLSX Risk / Return Rank: 36
OWLSX Sharpe Ratio Rank: 5
OWLSX Sortino Ratio Rank: 63
OWLSX Omega Ratio Rank: 98
OWLSX Calmar Ratio Rank: 7
OWLSX Martin Ratio Rank: 5

GIDGX

GIDGX Risk / Return Rank: 82
GIDGX Sharpe Ratio Rank: 80
GIDGX Sortino Ratio Rank: 78
GIDGX Omega Ratio Rank: 78
GIDGX Calmar Ratio Rank: 83
GIDGX Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OWLSX vs. GIDGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Old Westbury Large Cap Strategies Fund (OWLSX) and Goldman Sachs Enhanced Dividend Global Equity Portfolio (GIDGX). 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.

	OWLSX	GIDGX	Difference
Sharpe ratio: Return per unit of total volatility	0.07	1.91	-1.84
Sortino ratio: Return per unit of downside risk	2.23	2.70	-0.47
Omega ratio: Gain probability vs. loss probability	2.13	1.36	+0.77
Calmar ratio: Return relative to maximum drawdown	0.22	2.80	-2.58
Martin ratio: Return relative to average drawdown	0.25	13.05	-12.80

OWLSX vs. GIDGX - Sharpe Ratio Comparison

The current OWLSX Sharpe Ratio is 0.07, which is lower than the GIDGX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of OWLSX and GIDGX, 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

OWLSX vs. GIDGX - Drawdown Comparison

The maximum OWLSX drawdown since its inception was -68.17%, which is greater than GIDGX's maximum drawdown of -31.63%. Use the drawdown chart below to compare losses from any high point for OWLSX and GIDGX.

Drawdown Indicators

	OWLSX	GIDGX	Difference
Max Drawdown Largest peak-to-trough decline	-68.17%	-31.63%	-36.54%
Max Drawdown (1Y) Largest decline over 1 year	-68.17%	-7.14%	-61.03%
Max Drawdown (3Y) Largest decline over 3 years	-68.17%	-14.69%	-53.48%
Max Drawdown (5Y) Largest decline over 5 years	-68.17%	-20.39%	-47.78%
Max Drawdown (10Y) Largest decline over 10 years	-68.17%	-31.63%	-36.54%
Current Drawdown Current decline from peak	-63.45%	-0.91%	-62.54%
Average Drawdown Average peak-to-trough decline	-19.79%	-3.84%	-15.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	60.91%	1.53%	+59.38%

Volatility

OWLSX vs. GIDGX - Volatility Comparison

Old Westbury Large Cap Strategies Fund (OWLSX) has a higher volatility of 3.78% compared to Goldman Sachs Enhanced Dividend Global Equity Portfolio (GIDGX) at 2.91%. This indicates that OWLSX's price experiences larger fluctuations and is considered to be riskier than GIDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OWLSX	GIDGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	2.91%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	10.49%	8.58%	+1.91%
Volatility (1Y) Calculated over the trailing 1-year period	214.19%	10.47%	+203.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.98%	13.07%	+83.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.50%	14.11%	+55.39%

OWLSX vs. GIDGX - Expense Ratio Comparison

OWLSX has a 1.09% expense ratio, which is higher than GIDGX's 0.17% expense ratio.

Dividends

OWLSX vs. GIDGX - Dividend Comparison

OWLSX's dividend yield for the trailing twelve months is around 11.65%, more than GIDGX's 5.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIDGX Goldman Sachs Enhanced Dividend Global Equity Portfolio	5.52%	5.92%	12.06%	4.32%	8.89%	8.41%	1.99%	4.85%	5.67%	3.35%	2.97%	3.21%
OWLSX Old Westbury Large Cap Strategies Fund	11.65%	12.51%	5.79%	0.55%	0.61%	6.60%	1.38%	4.94%	4.65%	5.86%	1.81%	2.40%

Frequently Asked Questions

Can I hold both OWLSX and GIDGX in my portfolio?

With a correlation of 0.91, OWLSX and GIDGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, OWLSX or GIDGX?

OWLSX has higher volatility (3.78%) compared to GIDGX (2.91%). In terms of maximum drawdown, OWLSX dropped -68.17% vs GIDGX's -31.63%.

Which has better risk-adjusted returns?

GIDGX currently has the higher Sharpe Ratio (1.91 vs 0.07), 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.