GBND vs. GSIE

Last updated Jun 5, 2026

GBND (Goldman Sachs Core Bond ETF) and GSIE (Goldman Sachs ActiveBeta International Equity ETF) are both exchange-traded funds - GBND is a Intermediate Core Bond fund managed by Goldman Sachs, while GSIE is a Foreign Large Cap Equities fund tracking the Goldman Sachs ActiveBeta International Equity Index. At a 0.42 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.

Performance

GBND vs. GSIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Core Bond ETF (GBND) and Goldman Sachs ActiveBeta International Equity ETF (GSIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GBND achieves a 0.36% return, which is significantly lower than GSIE's 7.54% return.

GBND

• 1D: 0.15%
• 1M: 0.18%
• YTD: 0.36%
• 6M: 0.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GSIE

• 1D: 0.97%
• 1M: 2.04%
• YTD: 7.54%
• 6M: 10.21%
• 1Y: 19.98%
• 3Y*: 17.37%
• 5Y*: 8.25%
• 10Y*: 9.13%

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

GBND vs. GSIE - Yearly Performance Comparison

	2026 (YTD)	2025
GBND Goldman Sachs Core Bond ETF	0.36%	3.49%
GSIE Goldman Sachs ActiveBeta International Equity ETF	7.54%	10.53%

Correlation

The correlation between GBND and GSIE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.42

Return for Risk

GBND vs. GSIE — Risk / Return Rank

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

GSIE

GSIE Risk / Return Rank: 41
GSIE Sharpe Ratio Rank: 41
GSIE Sortino Ratio Rank: 41
GSIE Omega Ratio Rank: 40
GSIE Calmar Ratio Rank: 38
GSIE Martin Ratio Rank: 44

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.

GBND vs. GSIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Core Bond ETF (GBND) and Goldman Sachs ActiveBeta International Equity ETF (GSIE). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GBND	GSIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.42	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	0.52	+0.62

Drawdowns

GBND vs. GSIE - Drawdown Comparison

The maximum GBND drawdown since its inception was -2.76%, smaller than the maximum GSIE drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for GBND and GSIE.

Drawdown Indicators

	GBND	GSIE	Difference
Max Drawdown Largest peak-to-trough decline	-2.76%	-34.63%	+31.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.76%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.97%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.63%	—
Current Drawdown Current decline from peak	-1.38%	-1.25%	-0.13%
Average Drawdown Average peak-to-trough decline	-0.64%	-6.06%	+5.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.82%	—

Volatility

Volatility by Period

	GBND	GSIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.61%	14.15%	-10.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.61%	16.05%	-12.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.61%	16.75%	-13.14%

GBND vs. GSIE - Expense Ratio Comparison

Both GBND and GSIE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

GBND vs. GSIE - Dividend Comparison

GBND's dividend yield for the trailing twelve months is around 3.45%, more than GSIE's 2.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GBND Goldman Sachs Core Bond ETF	3.45%	2.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GSIE Goldman Sachs ActiveBeta International Equity ETF	2.50%	2.65%	3.11%	2.87%	3.01%	2.40%	1.60%	2.80%	2.68%	2.31%	2.15%	0.13%

Frequently Asked Questions

Can I hold both GBND and GSIE in my portfolio?

GBND and GSIE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GBND or GSIE?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GBND or GSIE?

GBND and GSIE have the same expense ratio: 0.25% per year.

Which ETF pays a higher dividend yield, GBND or GSIE?

GBND has the higher dividend yield at 3.45%, compared with 2.50% for GSIE.

What is the main difference between GBND and GSIE?

GBND is categorized as Intermediate Core Bond, while GSIE is Foreign Large Cap Equities.