GSID
Goldman Sachs MarketBeta International Equity ETF
GSID tracks an index of developed markets ex-US equities, selected and weighted by market capitalization.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
825.4 M
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Fund sponsor | Goldman Sachs |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | May 12, 2020 |
| Assets (mns) | $825 |
| Expense ratio | 20 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NOVO NORDISK A/S-B | 2.4 % |
| ASML HOLDING NV | 2.1 % |
| NESTLE SA-REG | 1.6 % |
| ROCHE HOLDING AG-BR | 1.5 % |
| ASTRAZENECA PLC | 1.4 % |
| SHELL PLC | 1.3 % |
| SAP AG | 1.3 % |
| TOYOTA MOTOR CORP | 1.3 % |
| NOVARTIS AG | 1.2 % |
| LVMH MOET HENNESSY LOUIS VUI | 1.1 % |
Constituent Breakdown
| Number of holdings | 919 |
| Herfindahl-Hirschman Index | 48 |
| Wgt avg mkt cap (mns) | $88,969 |
| Large cap (>$10bn) | 86.1% |
| Mid cap ($2-10bn) | 12.1% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 99.2% |
| Emerging mkts. | 0.6% |
Country Exposure
 |
JAPAN | 24.6 % |
 |
BRITAIN | 14.2 % |
 |
SWITZERLAND | 9.2 % |
 |
FRANCE | 9.1 % |
 |
GERMANY | 7.9 % |
 |
AUSTRALIA | 7.3 % |
 |
NETHERLANDS | 5.2 % |
 |
DENMARK | 3.5 % |
 |
SWEDEN | 3.4 % |
 |
SPAIN | 2.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.9% | 21.8% | 18.5% | 2.3% | -- | -- | 8.8% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.89 | 75% |
| MSCI EAFE | 0.99 | 97% |
| MSCI Emg Mkts | 0.83 | 67% |
Liquidity Measures
| Avg. volume (000) | 38 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.31% |
| ADV of underlying (mns) | $70,253 |
Technical Indicators
| Recent close | $56.15 |
| 30d moving avg. | $58.04 |
| Annualized volatility | 17.8% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GSID |
Expenses vs. GSID |
ALTAR Score™ vs. GSID |
|---|---|---|---|---|
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 91.3% | +16 bp | -0.3% |
| BKIE | BNY Mellon International Equity ETF | 89.4% | -16 bp | +0.1% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 86.9% | 0 bp | +0.1% |
| EFA | iShares MSCI EAFE ETF | 85.1% | +15 bp | -0.1% |
| IEFA | iShares Core MSCI EAFE ETF | 79.7% | -13 bp | +0.2% |
| EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 79.2% | 0 bp | -0.5% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 71.3% | -16 bp | +0.2% |
| SCHF | Schwab International Equity ETF | 70.3% | -14 bp | +0.5% |
| JHMD | John Hancock Multifactor Developed International ETF | 69.9% | +19 bp | +0.8% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 68.3% | -17 bp | +0.2% |
Risk and Returns: GSID vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/8/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
GSID
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
GSID
6.8%
Cat. Avg
7.2%
ALTAR Score™ Calculation
Category Overview
There are 260 funds in the International Equity category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.6%. GSID's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places GSID in the 44th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GSIDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| GSID (20 bp) Percentile rank | 18 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GSID | 20.0 | 31.2 | 51.2 |
| Peer Avg. | 35.7 | 19.0 | 54.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .