- ISIN
- US3814303059
- CUSIP
- 381430305
- Issuer
- Goldman Sachs
- Inception Date
- Mar 2, 2016
- Region
- Developed Markets (Broad)
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Goldman Sachs ActiveBeta Europe Equity Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $115M
Share Price Chart
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Performance
GSEU Performance Chart
Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) is up 7.5% since the beginning of the year. GSEU is currently trading at $49 per share. Investors who bought $1,000 worth of GSEU shares 5 years ago would now be looking at an investment worth $1,524.
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Returns By Period
Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) has returned 7.49% so far this year and 21.42% over the past 12 months. Over the last ten years, GSEU has returned 10.29% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Goldman Sachs ActiveBeta Europe Equity ETF
- 1D
- 0.01%
- 1M
- 1.24%
- YTD
- 7.49%
- 6M
- 8.09%
- 1Y
- 21.42%
- 3Y*
- 17.28%
- 5Y*
- 8.79%
- 10Y*
- 10.29%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GSEU Monthly Returns History
Based on dividend-adjusted daily data since Mar 4, 2016, GSEU's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +14.6%, while the worst month was Mar 2020 at -14.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, GSEU closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +8.0%, while the worst single day was Mar 16, 2020 at -11.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.09% | 3.22% | -7.92% | 5.65% | 2.21% | 0.63% | 7.49% | ||||||
| 2025 | 5.83% | 4.12% | 0.84% | 4.84% | 4.93% | 1.93% | -2.27% | 3.51% | 1.94% | 0.03% | 1.64% | 3.89% | 35.70% |
| 2024 | -1.16% | 2.37% | 3.61% | -2.61% | 6.07% | -2.30% | 2.14% | 3.73% | 0.35% | -5.47% | -1.73% | -2.40% | 2.00% |
| 2023 | 9.09% | -1.43% | 3.10% | 4.10% | -5.31% | 4.46% | 3.11% | -3.21% | -4.42% | -3.01% | 9.12% | 4.78% | 20.74% |
| 2022 | -4.75% | -5.07% | -0.28% | -6.50% | 1.33% | -9.86% | 5.18% | -7.73% | -9.35% | 8.50% | 13.16% | -1.29% | -17.90% |
| 2021 | -0.93% | 1.53% | 3.54% | 4.46% | 5.04% | -0.63% | 2.14% | 1.42% | -5.94% | 5.13% | -4.34% | 5.44% | 17.33% |
Benchmark Metrics
Goldman Sachs ActiveBeta Europe Equity ETF has an annualized alpha of -0.74%, beta of 0.80, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since March 04, 2016.
- This ETF participated in 89.13% of S&P 500 Index downside but only 76.16% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.74%
- Beta
- 0.80
- R²
- 0.63
- Upside Capture
- 76.16%
- Downside Capture
- 89.13%
Expense Ratio
GSEU has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
GSEU ranks 40 for risk / return — below 40% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) 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.
| GSEU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.78 | -0.98 |
| Martin ratioReturn relative to average drawdown | 6.80 | 12.44 | -5.63 |
Dividends
Dividend History
Goldman Sachs ActiveBeta Europe Equity ETF provided a 2.53% dividend yield over the last twelve months, with an annual payout of $1.24 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.24 | $1.24 | $0.81 | $1.19 | $1.00 | $1.02 | $0.61 | $1.17 | $0.90 | $0.80 | $0.70 |
Dividend yield | 2.53% | 2.72% | 2.35% | 3.41% | 3.34% | 2.71% | 1.84% | 3.69% | 3.40% | 2.51% | 2.74% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs ActiveBeta Europe Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $1.24 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.81 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.91 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $1.19 |
| 2022 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.67 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.09 | $1.00 |
| 2021 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.02 | $1.02 |
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 ActiveBeta Europe 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 ActiveBeta Europe Equity ETF was 35.71%, occurring on Mar 18, 2020. Recovery took 172 trading sessions.
The current Goldman Sachs ActiveBeta Europe Equity ETF drawdown is 0.72%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -35.71%Mar 2020 | 1mo 27d | 8mo 6d | 10mo 3dJan 2020 - Nov 2020 |
Bear market2022 | -33.98%Sep 2022 | 1y 24d | 1y 5mo | 2y 6moSep 2021 - Mar 2024 |
Rate-hike selloffLate 2018 | -22.28%Dec 2018 | 10mo 29d | 1y 3d | 1y 11moJan 2018 - Dec 2019 |
2025 selloff2025 | -14.12%Apr 2025 | 29d | 20d | 1mo 19dMar 2025 - Apr 2025 |
2016 correction2016 | -12.48%Jun 2016 | 17d | 2mo 7d | 2mo 24dJun 2016 - Sep 2016 |
Drawdown Indicators
| GSEU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.71% | -56.78% | +21.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.90% | -9.10% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -14.12% | -18.90% | +4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -33.98% | -25.43% | -8.55% |
Max Drawdown (10Y)Largest decline over 10 years | -35.71% | -33.92% | -1.79% |
Current DrawdownCurrent decline from peak | -0.72% | -1.80% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -10.71% | +4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.03% | +1.13% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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