GSIE
Goldman Sachs ActiveBeta International Equity ETF
GSIE tracks an index of stocks in developed markets outside of the US comprising 4 subindexes: value, momentum, quality and low volatility. The index uses multiple factors to pick stocks, and each subindex receives equal weight.
International
EQUITY
Passive
MANAGEMENT STYLE
3.6 B
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Fund sponsor | Goldman Sachs |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 06, 2015 |
| Assets (mns) | $3,559 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NOVO NORDISK A/S-B | 2.1 % |
| ASML HOLDING NV | 1.4 % |
| ROCHE HOLDING AG-BR | 1.3 % |
| NESTLE SA-REG | 1.0 % |
| NOVARTIS AG | 1.0 % |
| ASTRAZENECA PLC | 0.9 % |
| LVMH MOET HENNESSY LOUIS VUI | 0.9 % |
| SAP AG | 0.9 % |
| SHELL PLC | 0.9 % |
| ROYAL BANK OF CANADA | 0.7 % |
Constituent Breakdown
| Number of holdings | 704 |
| Herfindahl-Hirschman Index | 33 |
| Wgt avg mkt cap (mns) | $68,973 |
| Large cap (>$10bn) | 78.8% |
| Mid cap ($2-10bn) | 19.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
JAPAN | 20.5 % |
 |
BRITAIN | 12.0 % |
 |
CANADA | 10.6 % |
 |
FRANCE | 9.8 % |
 |
SWITZERLAND | 8.4 % |
 |
GERMANY | 8.0 % |
 |
AUSTRALIA | 5.4 % |
 |
NETHERLANDS | 4.4 % |
 |
ITALY | 3.0 % |
 |
DENMARK | 3.0 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.7% | 21.8% | 17.9% | 2.2% | 6.3% | -- | 6.4% | Volatility | 12.4% | 12.4% | 13.8% | 16.3% | 19.2% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.89 | 78% |
| MSCI EAFE | 0.98 | 97% |
| MSCI Emg Mkts | 0.80 | 63% |
Liquidity Measures
| Avg. volume (000) | 360 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $67,334 |
Technical Indicators
| Recent close | $33.96 |
| 30d moving avg. | $35.42 |
| Annualized volatility | 17.5% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GSIE |
Expenses vs. GSIE |
ALTAR Score™ vs. GSIE |
|---|---|---|---|---|
| BKIE | BNY Mellon International Equity ETF | 66.3% | -21 bp | -0.1% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 64.3% | +11 bp | -0.6% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 62.8% | -5 bp | -0.2% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 61.7% | -5 bp | -0.2% |
| EFA | iShares MSCI EAFE ETF | 61.6% | +10 bp | -0.3% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 60.0% | -21 bp | -0.1% |
| JHMD | John Hancock Multifactor Developed International ETF | 59.8% | +14 bp | +0.6% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 58.5% | -22 bp | 0.0% |
| IEFA | iShares Core MSCI EAFE ETF | 58.2% | -18 bp | -0.1% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 57.5% | 0 bp | 0.0% |
Risk and Returns: GSIE 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
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
GSIE
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
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™
GSIE
7.2%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. GSIE's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places GSIE in the 48th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GSIESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| GSIE (25 bp) Percentile rank | 25 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GSIE | 25.0 | 3.5 | 28.5 |
| Peer Avg. | 26.6 | 13.3 | 39.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .