- ISIN
- US3814304040
- CUSIP
- 381430404
- Issuer
- Goldman Sachs
- Inception Date
- Mar 2, 2016
- Region
- Developed Asia Pacific (Japan)
- Category
- Japan Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Goldman Sachs ActiveBeta Japan Equity Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $82M
Share Price Chart
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Performance
GSJY Performance Chart
Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) is up 12.6% since the beginning of the year. GSJY is currently trading at $52 per share. Investors who bought $1,000 worth of GSJY shares 5 years ago would now be looking at an investment worth $1,529.
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Returns By Period
Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) has returned 12.58% so far this year and 31.84% over the past 12 months. Over the last ten years, GSJY has returned 9.36% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
Goldman Sachs ActiveBeta Japan Equity ETF
- 1D
- -3.94%
- 1M
- 1.06%
- YTD
- 12.58%
- 6M
- 11.90%
- 1Y
- 31.84%
- 3Y*
- 18.03%
- 5Y*
- 8.87%
- 10Y*
- 9.36%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
GSJY Monthly Returns History
Based on dividend-adjusted daily data since Mar 4, 2016, GSJY's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2022 with a return of +11.7%, while the worst month was Sep 2022 at -8.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, GSJY closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +7.9%, while the worst single day was Mar 12, 2020 at -10.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.32% | 7.40% | -8.53% | 4.60% | 2.83% | 0.21% | 12.58% | ||||||
| 2025 | 1.32% | 0.62% | 0.21% | 3.77% | 3.80% | 1.94% | -1.34% | 6.20% | 2.51% | 3.62% | -0.08% | 1.21% | 26.22% |
| 2024 | 3.67% | 3.89% | 3.42% | -5.26% | 2.29% | -0.39% | 4.16% | 1.74% | -0.34% | -5.18% | 3.14% | -1.95% | 8.89% |
| 2023 | 6.53% | -4.09% | 4.58% | 0.75% | 0.66% | 4.96% | 2.80% | -2.23% | -1.98% | -2.07% | 5.38% | 3.05% | 19.18% |
| 2022 | -4.19% | -0.90% | -2.45% | -8.11% | 2.03% | -7.48% | 6.05% | -3.96% | -8.94% | 2.51% | 11.74% | -1.76% | -16.15% |
| 2021 | -0.75% | 1.39% | 1.08% | -2.04% | 1.57% | -0.48% | -0.68% | 1.95% | 2.55% | -2.83% | -3.37% | 2.24% | 0.41% |
Benchmark Metrics
Goldman Sachs ActiveBeta Japan Equity ETF has an annualized alpha of 0.65%, beta of 0.67, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since March 04, 2016.
- This ETF participated in 65.78% of S&P 500 Index downside but only 59.48% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.67 may look defensive, but with R2 of 0.49 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 0.49 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.65%
- Beta
- 0.67
- R²
- 0.49
- Upside Capture
- 59.48%
- Downside Capture
- 65.78%
Expense Ratio
GSJY has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
GSJY ranks 48 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) 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.
| GSJY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.46 | -0.18 |
| Martin ratioReturn relative to average drawdown | 7.44 | 10.92 | -3.48 |
Dividends
Dividend History
Goldman Sachs ActiveBeta Japan Equity ETF provided a 1.76% dividend yield over the last twelve months, with an annual payout of $0.93 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.93 | $0.93 | $0.62 | $0.74 | $0.64 | $0.64 | $0.45 | $0.93 | $0.95 | $0.57 | $0.57 |
Dividend yield | 1.76% | 1.99% | 1.64% | 2.11% | 2.13% | 1.73% | 1.22% | 2.79% | 3.28% | 1.70% | 2.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs ActiveBeta Japan 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 | $0.27 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.66 | $0.93 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.62 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.74 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.64 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.37 | $0.64 |
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 Japan 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 Japan Equity ETF was 32.53%, occurring on Oct 14, 2022. Recovery took 348 trading sessions.
The current Goldman Sachs ActiveBeta Japan Equity ETF drawdown is 3.94%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -32.53%Oct 2022 | 1y 28d | 1y 4mo | 2y 5moSep 2021 - Mar 2024 |
COVID crash2020 | -28.45%Mar 2020 | 2y 1mo | 7mo 24d | 2y 9moJan 2018 - Nov 2020 |
2025 selloff2025 | -14.96%Apr 2025 | 18d | 28d | 1mo 16dMar 2025 - May 2025 |
2026 correction2026 | -14.08%Mar 2026 | 1mo 6d | 3mo | 4mo 6dFeb 2026 - Jun 2026 |
2024 correction2024 | -11.64%Aug 2024 | 20d | 17d | 1mo 7dJul 2024 - Aug 2024 |
Drawdown Indicators
| GSJY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.53% | -56.78% | +24.25% |
Max Drawdown (1Y)Largest decline over 1 year | -14.08% | -9.10% | -4.98% |
Max Drawdown (3Y)Largest decline over 3 years | -14.96% | -18.90% | +3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -32.53% | -25.43% | -7.10% |
Max Drawdown (10Y)Largest decline over 10 years | -32.53% | -33.92% | +1.39% |
Current DrawdownCurrent decline from peak | -3.94% | -3.21% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -10.71% | +3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 2.04% | +2.25% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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