ESGD vs. GSID

Last updated Jun 4, 2026

ESGD (iShares ESG Aware MSCI EAFE ETF) and GSID (Goldman Sachs MarketBeta International Equity ETF) are both Foreign Large Cap Equities funds - ESGD tracks the MSCI EAFE Extended ESG Focus Index while GSID tracks the Solactive GBS Developed Markets ex North America Large & Mid Cap Index. Both are passively managed. Over the past 5 years, ESGD returned 7.90%/yr vs 8.15%/yr for GSID. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.20% expense ratio.

Performance

ESGD vs. GSID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Aware MSCI EAFE ETF (ESGD) and Goldman Sachs MarketBeta International Equity ETF (GSID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESGD achieves a 8.31% return, which is significantly lower than GSID's 8.83% return.

ESGD

• 1D: -0.81%
• 1M: 3.52%
• YTD: 8.31%
• 6M: 10.53%
• 1Y: 20.25%
• 3Y*: 15.89%
• 5Y*: 7.90%
• 10Y*: —

GSID

• 1D: -0.63%
• 1M: 3.68%
• YTD: 8.83%
• 6M: 11.31%
• 1Y: 22.00%
• 3Y*: 16.61%
• 5Y*: 8.15%
• 10Y*: —

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

ESGD vs. GSID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESGD iShares ESG Aware MSCI EAFE ETF	8.31%	29.63%	3.95%	18.53%	-15.17%	11.79%	35.75%
GSID Goldman Sachs MarketBeta International Equity ETF	8.83%	31.77%	3.60%	17.63%	-14.77%	10.67%	35.83%

Correlation

The correlation between ESGD and GSID is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since May 18, 2020	0.98

The correlation between ESGD and GSID has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

ESGD vs. GSID - Sectors Allocation Comparison

Sectors	ESGD	GSID
Financial Services	26.4%	24.1%
Industrials	19.2%	19.8%
Technology	11.7%	10.4%
Healthcare	10.3%	10.4%
Consumer Cyclical	7.6%	7.8%
Consumer Defensive	6.4%	6.7%
Basic Materials	4.6%	6.1%
Communication Services	4.0%	4.5%
Energy	3.9%	4.2%
Utilities	3.9%	3.9%
Real Estate	2.0%	2.2%

Return for Risk

ESGD vs. GSID — Risk / Return Rank

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

ESGD

ESGD Risk / Return Rank: 37
ESGD Sharpe Ratio Rank: 37
ESGD Sortino Ratio Rank: 37
ESGD Omega Ratio Rank: 36
ESGD Calmar Ratio Rank: 35
ESGD Martin Ratio Rank: 41

GSID

GSID Risk / Return Rank: 41
GSID Sharpe Ratio Rank: 41
GSID Sortino Ratio Rank: 42
GSID Omega Ratio Rank: 40
GSID Calmar Ratio Rank: 39
GSID Martin Ratio Rank: 45

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.

ESGD vs. GSID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EAFE ETF (ESGD) and Goldman Sachs MarketBeta International Equity ETF (GSID). 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.

	ESGD	GSID	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.46	-0.13
Sortino ratio: Return per unit of downside risk	1.95	2.13	-0.18
Omega ratio: Gain probability vs. loss probability	1.24	1.26	-0.02
Calmar ratio: Return relative to maximum drawdown	1.74	1.95	-0.21
Martin ratio: Return relative to average drawdown	6.53	7.26	-0.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESGD vs. GSID - Sharpe Ratio Comparison

The current ESGD Sharpe Ratio is 1.34, which is comparable to the GSID Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of ESGD and GSID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ESGD	GSID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	1.46	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.50	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.88	-0.31

Drawdowns

ESGD vs. GSID - Drawdown Comparison

The maximum ESGD drawdown since its inception was -33.70%, which is greater than GSID's maximum drawdown of -29.89%. Use the drawdown chart below to compare losses from any high point for ESGD and GSID.

Drawdown Indicators

	ESGD	GSID	Difference
Max Drawdown Largest peak-to-trough decline	-33.70%	-29.89%	-3.81%
Max Drawdown (1Y) Largest decline over 1 year	-11.68%	-11.34%	-0.34%
Max Drawdown (3Y) Largest decline over 3 years	-13.86%	-13.96%	+0.10%
Max Drawdown (5Y) Largest decline over 5 years	-30.03%	-29.89%	-0.14%
Current Drawdown Current decline from peak	-1.36%	-1.32%	-0.04%
Average Drawdown Average peak-to-trough decline	-6.19%	-5.73%	-0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	3.04%	+0.07%

Volatility

ESGD vs. GSID - Volatility Comparison

iShares ESG Aware MSCI EAFE ETF (ESGD) and Goldman Sachs MarketBeta International Equity ETF (GSID) have volatilities of 4.88% and 4.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESGD	GSID	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	4.72%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	12.59%	12.54%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	15.22%	15.11%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	16.23%	+0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	16.30%	+0.67%

ESGD vs. GSID - Expense Ratio Comparison

Both ESGD and GSID have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

ESGD vs. GSID - Dividend Comparison

ESGD's dividend yield for the trailing twelve months is around 3.33%, more than GSID's 2.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ESGD iShares ESG Aware MSCI EAFE ETF	3.33%	3.60%	3.23%	3.02%	2.59%	2.75%	1.63%	2.57%	2.69%	2.65%	0.09%
GSID Goldman Sachs MarketBeta International Equity ETF	2.43%	2.64%	2.90%	2.59%	2.57%	2.93%	1.02%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ESGD and GSID in my portfolio?

With a correlation of 0.98, ESGD and GSID move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ESGD or GSID?

ESGD has higher volatility (4.88%) compared to GSID (4.72%). In terms of maximum drawdown, ESGD dropped -33.70% vs GSID's -29.89%.

Which ETF is better, ESGD or GSID?

On 5-year performance, GSID leads with 8.15% vs 7.90% for ESGD. Both ETFs have the same 0.20% expense ratio. On volatility, GSID has been the lower-risk option at 4.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ESGD or GSID?

Over the 5-year period, GSID has performed better with a 8.15% return vs 7.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ESGD or GSID?

ESGD and GSID have the same expense ratio: 0.20% per year.

Which ETF pays a higher dividend yield, ESGD or GSID?

ESGD has the higher dividend yield at 3.33%, compared with 2.43% for GSID.

What is the main difference between ESGD and GSID?

ESGD tracks MSCI EAFE Extended ESG Focus Index, while GSID tracks Solactive GBS Developed Markets ex North America Large & Mid Cap Index. They also come from different issuers: iShares and Goldman Sachs.

Which has better risk-adjusted returns?

GSID currently has the higher Sharpe Ratio (1.46 vs 1.34), 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.