GIGB vs. GSIE

Last updated Jun 4, 2026

GIGB (Goldman Sachs Access Investment Grade Corporate Bond ETF) and GSIE (Goldman Sachs ActiveBeta International Equity ETF) are both exchange-traded funds - GIGB is a Corporate Bonds fund tracking the FTSE Goldman Sachs Investment Grade Corporate Bond Index, while GSIE is a Foreign Large Cap Equities fund tracking the Goldman Sachs ActiveBeta International Equity Index. Both are passively managed. Over the past 5 years, GIGB returned 0.45%/yr vs 8.04%/yr for GSIE. At a 0.25 correlation, their price movements are largely independent. GIGB charges 0.14%/yr vs 0.25%/yr for GSIE.

Performance

GIGB vs. GSIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) 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, GIGB achieves a 0.68% return, which is significantly lower than GSIE's 6.51% return.

GIGB

• 1D: -0.20%
• 1M: 0.63%
• YTD: 0.68%
• 6M: 0.43%
• 1Y: 6.01%
• 3Y*: 5.10%
• 5Y*: 0.45%
• 10Y*: —

GSIE

• 1D: -0.83%
• 1M: 2.22%
• YTD: 6.51%
• 6M: 9.50%
• 1Y: 19.35%
• 3Y*: 16.74%
• 5Y*: 8.04%
• 10Y*: 9.08%

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

GIGB vs. GSIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF	0.68%	7.58%	1.68%	8.80%	-15.80%	-1.64%	9.86%	15.05%	-2.76%	2.45%
GSIE Goldman Sachs ActiveBeta International Equity ETF	6.51%	32.53%	5.23%	16.99%	-15.86%	13.27%	7.45%	22.83%	-13.40%	9.25%

Correlation

The correlation between GIGB and GSIE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jun 9, 2017	0.25

Over the past year, GIGB and GSIE have become more correlated (0.47) than their long-term average of 0.25, meaning their price movements have been converging.

Return for Risk

GIGB vs. GSIE — Risk / Return Rank

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

GIGB

GIGB Risk / Return Rank: 40
GIGB Sharpe Ratio Rank: 39
GIGB Sortino Ratio Rank: 40
GIGB Omega Ratio Rank: 37
GIGB Calmar Ratio Rank: 42
GIGB Martin Ratio Rank: 42

GSIE

GSIE Risk / Return Rank: 38
GSIE Sharpe Ratio Rank: 38
GSIE Sortino Ratio Rank: 38
GSIE Omega Ratio Rank: 37
GSIE Calmar Ratio Rank: 36
GSIE Martin Ratio Rank: 42

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.

GIGB vs. GSIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) 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.

	GIGB	GSIE	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.38	+0.03
Sortino ratio: Return per unit of downside risk	2.06	1.99	+0.08
Omega ratio: Gain probability vs. loss probability	1.25	1.25	0.00
Calmar ratio: Return relative to maximum drawdown	2.10	1.81	+0.30
Martin ratio: Return relative to average drawdown	6.65	6.87	-0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GIGB vs. GSIE - Sharpe Ratio Comparison

The current GIGB Sharpe Ratio is 1.40, which is comparable to the GSIE Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of GIGB and GSIE, 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

	GIGB	GSIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	1.38	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	0.50	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.52	-0.19

Drawdowns

GIGB vs. GSIE - Drawdown Comparison

The maximum GIGB drawdown since its inception was -22.25%, smaller than the maximum GSIE drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for GIGB and GSIE.

Drawdown Indicators

	GIGB	GSIE	Difference
Max Drawdown Largest peak-to-trough decline	-22.25%	-34.63%	+12.38%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-10.76%	+7.89%
Max Drawdown (3Y) Largest decline over 3 years	-6.69%	-13.07%	+6.38%
Max Drawdown (5Y) Largest decline over 5 years	-22.25%	-29.97%	+7.72%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.63%	—
Current Drawdown Current decline from peak	-0.94%	-2.19%	+1.25%
Average Drawdown Average peak-to-trough decline	-5.62%	-6.06%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	2.82%	-1.91%

Volatility

GIGB vs. GSIE - Volatility Comparison

The current volatility for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is 1.35%, while Goldman Sachs ActiveBeta International Equity ETF (GSIE) has a volatility of 4.38%. This indicates that GIGB experiences smaller price fluctuations and is considered to be less risky than GSIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GIGB	GSIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	4.38%	-3.03%
Volatility (6M) Calculated over the trailing 6-month period	3.14%	11.60%	-8.46%
Volatility (1Y) Calculated over the trailing 1-year period	4.30%	14.15%	-9.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.26%	16.04%	-8.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.67%	16.75%	-9.08%

GIGB vs. GSIE - Expense Ratio Comparison

GIGB has a 0.14% expense ratio, which is lower than GSIE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GIGB vs. GSIE - Dividend Comparison

GIGB's dividend yield for the trailing twelve months is around 4.61%, more than GSIE's 2.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF	4.61%	4.69%	4.45%	3.67%	3.12%	2.25%	2.62%	3.22%	3.31%	1.55%	0.00%	0.00%
GSIE Goldman Sachs ActiveBeta International Equity ETF	2.52%	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 GIGB and GSIE in my portfolio?

GIGB and GSIE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GIGB or GSIE?

GSIE has higher volatility (4.38%) compared to GIGB (1.35%). In terms of maximum drawdown, GIGB dropped -22.25% vs GSIE's -34.63%.

Which ETF is better, GIGB or GSIE?

On 5-year performance, GSIE leads with 8.04% vs 0.45% for GIGB. On fees, GIGB is cheaper at 0.14% per year. On volatility, GIGB has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GIGB or GSIE?

Over the 5-year period, GSIE has performed better with a 8.04% return vs 0.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GIGB or GSIE?

GIGB is cheaper with a 0.14% expense ratio, compared with 0.25% for GSIE.

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

GIGB has the higher dividend yield at 4.61%, compared with 2.52% for GSIE.

What is the main difference between GIGB and GSIE?

GIGB is categorized as Corporate Bonds, while GSIE is Foreign Large Cap Equities. GIGB tracks FTSE Goldman Sachs Investment Grade Corporate Bond Index, while GSIE tracks Goldman Sachs ActiveBeta International Equity Index. Their fees differ too: 0.14% for GIGB and 0.25% for GSIE.

Which has better risk-adjusted returns?

GIGB currently has the higher Sharpe Ratio (1.40 vs 1.38), 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.