ADVE vs. GSEE

Last updated Jun 24, 2026

ADVE (Matthews Asia Dividend Active ETF) and GSEE (Goldman Sachs MarketBeta Emerging Markets Equity ETF) are both Asia Pacific Equities funds. ADVE is actively managed, while GSEE is passively managed. Over the past year, ADVE returned 33.31% vs 45.47% for GSEE. Their correlation of 0.88 suggests significant overlap in exposure. ADVE charges 0.79%/yr vs 0.36%/yr for GSEE.

Performance

ADVE vs. GSEE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Asia Dividend Active ETF (ADVE) and Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADVE achieves a 15.66% return, which is significantly lower than GSEE's 23.34% return.

ADVE

• 1D: -3.82%
• 1M: -1.39%
• YTD: 15.66%
• 6M: 15.85%
• 1Y: 33.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GSEE

• 1D: -5.32%
• 1M: 2.31%
• YTD: 23.34%
• 6M: 23.87%
• 1Y: 45.47%
• 3Y*: 22.27%
• 5Y*: 7.00%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADVE vs. GSEE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ADVE Matthews Asia Dividend Active ETF	15.66%	26.12%	7.02%	4.58%
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF	23.34%	33.38%	4.94%	7.88%

Correlation

The correlation between ADVE and GSEE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023	0.88

The correlation between ADVE and GSEE has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.

ADVE vs. GSEE - Sectors Allocation Comparison

Sectors	ADVE	GSEE
Technology	29.3%	43.0%
Financial Services	27.7%	17.1%
Industrials	12.2%	8.0%
Communication Services	12.0%	5.8%
Consumer Cyclical	5.8%	8.7%
Basic Materials	4.1%	5.6%
Real Estate	3.4%	1.1%
Consumer Defensive	2.7%	2.5%
Energy	1.0%	3.4%
Utilities	0.9%	2.1%
Healthcare	0.9%	2.8%

Return for Risk

ADVE vs. GSEE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADVE

ADVE Risk / Return Rank: 60
ADVE Sharpe Ratio Rank: 58
ADVE Sortino Ratio Rank: 56
ADVE Omega Ratio Rank: 61
ADVE Calmar Ratio Rank: 62
ADVE Martin Ratio Rank: 64

GSEE

GSEE Risk / Return Rank: 69
GSEE Sharpe Ratio Rank: 69
GSEE Sortino Ratio Rank: 61
GSEE Omega Ratio Rank: 70
GSEE Calmar Ratio Rank: 73
GSEE Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADVE vs. GSEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Asia Dividend Active ETF (ADVE) and Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ADVE	GSEE	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.06	-0.27
Sortino ratio: Return per unit of downside risk	2.46	2.68	-0.22
Omega ratio: Gain probability vs. loss probability	1.34	1.39	-0.04
Calmar ratio: Return relative to maximum drawdown	2.85	3.50	-0.65
Martin ratio: Return relative to average drawdown	10.88	12.71	-1.83

ADVE vs. GSEE - Sharpe Ratio Comparison

The current ADVE Sharpe Ratio is 1.79, which is comparable to the GSEE Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of ADVE and GSEE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ADVE vs. GSEE - Drawdown Comparison

The maximum ADVE drawdown since its inception was -18.41%, smaller than the maximum GSEE drawdown of -37.51%. Use the drawdown chart below to compare losses from any high point for ADVE and GSEE.

Drawdown Indicators

	ADVE	GSEE	Difference
Max Drawdown Largest peak-to-trough decline	-18.41%	-37.51%	+19.10%
Max Drawdown (1Y) Largest decline over 1 year	-11.73%	-13.05%	+1.32%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.89%	—
Current Drawdown Current decline from peak	-5.41%	-5.32%	-0.09%
Average Drawdown Average peak-to-trough decline	-3.17%	-14.63%	+11.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	3.59%	-0.52%

Volatility

ADVE vs. GSEE - Volatility Comparison

The current volatility for Matthews Asia Dividend Active ETF (ADVE) is 9.05%, while Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) has a volatility of 12.17%. This indicates that ADVE experiences smaller price fluctuations and is considered to be less risky than GSEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADVE	GSEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.05%	12.17%	-3.12%
Volatility (6M) Calculated over the trailing 6-month period	16.55%	20.00%	-3.45%
Volatility (1Y) Calculated over the trailing 1-year period	18.68%	22.20%	-3.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.30%	18.86%	-2.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.30%	18.83%	-2.53%

ADVE vs. GSEE - Expense Ratio Comparison

ADVE has a 0.79% expense ratio, which is higher than GSEE's 0.36% expense ratio.

Dividends

ADVE vs. GSEE - Dividend Comparison

ADVE's dividend yield for the trailing twelve months is around 2.58%, more than GSEE's 2.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ADVE Matthews Asia Dividend Active ETF	2.58%	2.97%	6.00%	0.37%	0.00%	0.00%	0.00%
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF	2.05%	2.53%	2.79%	3.07%	3.05%	6.10%	2.41%

Frequently Asked Questions

Can I hold both ADVE and GSEE in my portfolio?

ADVE and GSEE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADVE or GSEE?

GSEE has higher volatility (12.17%) compared to ADVE (9.05%). In terms of maximum drawdown, ADVE dropped -18.41% vs GSEE's -37.51%.

Which ETF is better, ADVE or GSEE?

On 1-year performance, GSEE leads with 45.47% vs 33.31% for ADVE. On fees, GSEE is cheaper at 0.36% per year. On volatility, ADVE has been the lower-risk option at 9.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADVE or GSEE?

Over the 1-year period, GSEE has performed better with a 45.47% return vs 33.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADVE or GSEE?

GSEE is cheaper with a 0.36% expense ratio, compared with 0.79% for ADVE.

Which ETF pays a higher dividend yield, ADVE or GSEE?

ADVE has the higher dividend yield at 2.58%, compared with 2.05% for GSEE.

What is the main difference between ADVE and GSEE?

They also come from different issuers: Matthews and Goldman Sachs. Their fees differ too: 0.79% for ADVE and 0.36% for GSEE.

Which has better risk-adjusted returns?

GSEE currently has the higher Sharpe Ratio (2.06 vs 1.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.