VGPMX vs. GCIIX
VGPMX (Vanguard Global Capital Cycles Fund) and GCIIX (Goldman Sachs International Equity Insights Fund) are both mutual funds - VGPMX is a Global Equities fund managed by Vanguard, while GCIIX is a Foreign Large Cap Equities fund managed by Goldman Sachs. Over the past 10 years, VGPMX returned 9.23%/yr vs 11.21%/yr for GCIIX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. VGPMX charges 0.36%/yr vs 0.80%/yr for GCIIX.
Performance
VGPMX vs. GCIIX - Performance Comparison
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Returns By Period
In the year-to-date period, VGPMX achieves a 16.43% return, which is significantly higher than GCIIX's 13.92% return. Over the past 10 years, VGPMX has underperformed GCIIX with an annualized return of 9.23%, while GCIIX has yielded a comparatively higher 11.21% annualized return.
VGPMX
- 1D
- 0.04%
- 1M
- 2.44%
- 6M
- 3.55%
- YTD
- 16.43%
- 1Y
- 55.56%
- 3Y*
- 28.41%
- 5Y*
- 20.40%
- 10Y*
- 9.23%
- ALL TIME*
- 6.51%
GCIIX
- 1D
- 0.58%
- 1M
- 0.68%
- 6M
- 5.99%
- YTD
- 13.92%
- 1Y
- 29.99%
- 3Y*
- 23.51%
- 5Y*
- 12.20%
- 10Y*
- 11.21%
- ALL TIME*
- 6.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VGPMX vs. GCIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGPMX Vanguard Global Capital Cycles Fund | 16.43% | 65.96% | 5.78% | 10.06% | 7.34% | 19.50% | 17.21% | 20.67% | -32.26% | 13.75% |
GCIIX Goldman Sachs International Equity Insights Fund | 13.92% | 40.72% | 9.65% | 20.80% | -14.91% | 11.71% | 7.83% | 18.52% | -15.82% | 29.65% |
Correlation
The correlation between VGPMX and GCIIX is 0.81, 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. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 1997 | 0.58 |
Over the past year, VGPMX and GCIIX have become more correlated (0.81) than their long-term average of 0.58, meaning their price movements have been converging.
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Return for Risk
VGPMX vs. GCIIX — Risk / Return Rank
VGPMX
GCIIX
VGPMX vs. GCIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Capital Cycles Fund (VGPMX) and Goldman Sachs International Equity Insights Fund (GCIIX). 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.
| VGPMX | GCIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.36 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | 2.61 | +1.90 |
| Martin ratioReturn relative to average drawdown | 15.22 | 9.68 | +5.53 |
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Drawdowns
VGPMX vs. GCIIX - Drawdown Comparison
The maximum VGPMX drawdown since its inception was -78.85%, which is greater than GCIIX's maximum drawdown of -61.08%. Use the drawdown chart below to compare losses from any high point for VGPMX and GCIIX.
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Drawdown Indicators
| VGPMX | GCIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.85% | -61.08% | -17.77% |
Max Drawdown (1Y)Largest decline over 1 year | -12.80% | -12.33% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -14.63% | -13.25% | -1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -22.71% | -30.58% | +7.87% |
Max Drawdown (10Y)Largest decline over 10 years | -54.56% | -39.85% | -14.71% |
Current DrawdownCurrent decline from peak | -3.89% | -0.43% | -3.46% |
Average DrawdownAverage peak-to-trough decline | -34.44% | -14.96% | -19.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 3.31% | +0.48% |
Volatility
VGPMX vs. GCIIX - Volatility Comparison
The current volatility for Vanguard Global Capital Cycles Fund (VGPMX) is 4.33%, while Goldman Sachs International Equity Insights Fund (GCIIX) has a volatility of 4.73%. This indicates that VGPMX experiences smaller price fluctuations and is considered to be less risky than GCIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGPMX | GCIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.73% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 14.95% | 13.94% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.09% | 16.25% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 16.24% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.63% | 16.54% | +4.09% |
VGPMX vs. GCIIX - Expense Ratio Comparison
VGPMX has a 0.36% expense ratio, which is lower than GCIIX's 0.80% expense ratio.
Dividends
VGPMX vs. GCIIX - Dividend Comparison
VGPMX's dividend yield for the trailing twelve months is around 3.35%, less than GCIIX's 6.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCIIX Goldman Sachs International Equity Insights Fund | 6.83% | 7.78% | 9.24% | 2.81% | 3.94% | 6.33% | 1.86% | 2.46% | 1.94% | 1.62% | 2.51% | 1.45% |
VGPMX Vanguard Global Capital Cycles Fund | 3.35% | 2.59% | 2.68% | 3.22% | 3.27% | 3.26% | 2.03% | 2.39% | 3.02% | 0.02% | 1.72% | 2.32% |
Frequently Asked Questions
VGPMX and GCIIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GCIIX has higher volatility (4.73%) compared to VGPMX (4.33%). In terms of maximum drawdown, VGPMX dropped -78.85% vs GCIIX's -61.08%.
VGPMX currently has the higher Sharpe Ratio (3.20 vs 1.99), 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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