- Issuer
- Goldman Sachs
- Inception Date
- Apr 1, 2025
- Region
- Asia Pacific (India)
- Category
- Asia Pacific Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $155M
Share Price Chart
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Performance
GIND Performance Chart
Goldman Sachs India Equity ETF (GIND) is down 8.2% since the beginning of the year. GIND is currently trading at $24 per share.
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Returns By Period
Goldman Sachs India Equity ETF (GIND) has returned -8.24% so far this year and -9.26% over the past 12 months.
Goldman Sachs India Equity ETF
- 1D
- 1.06%
- 1M
- 2.54%
- YTD
- -8.24%
- 6M
- -8.69%
- 1Y
- -9.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
GIND Monthly Returns History
Based on dividend-adjusted daily data since Apr 3, 2025, GIND's average daily return is -0.01%, while the average monthly return is -0.16%.
Historically, 47% of months were positive and 53% were negative. The best month was Apr 2026 with a return of +8.5%, while the worst month was Mar 2026 at -11.4%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, GIND closed higher 52% of trading days. The best single day was Apr 8, 2026 with a return of +4.6%, while the worst single day was Apr 4, 2025 at -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.93% | 0.89% | -11.38% | 8.45% | -1.14% | 1.76% | -8.24% | ||||||
| 2025 | 3.29% | 3.58% | 2.33% | -4.78% | -1.43% | -0.06% | 4.05% | -0.59% | -1.44% | 4.70% |
Benchmark Metrics
Goldman Sachs India Equity ETF has an annualized alpha of -12.71%, beta of 0.49, and R2 of 0.26 versus S&P 500 Index. Calculated based on daily prices since April 03, 2025.
- This ETF participated in 78.02% of S&P 500 Index downside but only 8.02% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.49 may look defensive, but with R2 of 0.26 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.26 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -12.71%
- Beta
- 0.49
- R²
- 0.26
- Upside Capture
- 8.02%
- Downside Capture
- 78.02%
Expense Ratio
GIND has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GIND ranks 4 for risk / return — in the bottom 4% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs India Equity ETF (GIND) and compare them to S&P 500 Index.
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.
| GIND | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -3.42 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.35 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 2.66 | -3.08 |
| Martin ratioReturn relative to average drawdown | -0.97 | 11.86 | -12.84 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs India Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Goldman Sachs India Equity ETF was 22.97%, occurring on Mar 30, 2026. The portfolio has not yet recovered.
The current Goldman Sachs India Equity ETF drawdown is 13.00%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -22.97%Mar 2026 | 8mo 24d | — | 11mo 18dJul 2025 - now |
2025 selloff2025 | -5.81%Apr 2025 | 3d | 8d | 11dApr 2025 - Apr 2025 |
2025 selloff2025 | -4.08%May 2025 | 2d | 5d | 7dMay 2025 - May 2025 |
2025 selloff2025 | -2.80%Jun 2025 | 9d | 6d | 15dJun 2025 - Jun 2025 |
2025 selloff2025 | -1.87%Apr 2025 | 0s | 10d | 10dApr 2025 - May 2025 |
Drawdown Indicators
| GIND | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.97% | -56.78% | +33.81% |
Max Drawdown (1Y)Largest decline over 1 year | -22.97% | -9.10% | -13.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -13.00% | -2.49% | -10.51% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -10.72% | +3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.04% | 2.03% | +8.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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