GINN vs. GSIE

Last updated Jun 4, 2026

GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) and GSIE (Goldman Sachs ActiveBeta International Equity ETF) are both exchange-traded funds - GINN is a Technology Equities fund tracking the Solactive Innovative Global Equity 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, GINN returned 6.82%/yr vs 8.04%/yr for GSIE. A 0.78 correlation means they provide meaningful diversification when combined. GINN charges 0.50%/yr vs 0.25%/yr for GSIE.

Performance

GINN vs. GSIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) 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, GINN achieves a 8.64% return, which is significantly higher than GSIE's 6.51% return.

GINN

• 1D: -1.29%
• 1M: 5.38%
• YTD: 8.64%
• 6M: 7.90%
• 1Y: 25.65%
• 3Y*: 19.95%
• 5Y*: 6.82%
• 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)

GINN vs. GSIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	8.64%	20.25%	18.71%	29.94%	-32.40%	10.39%	9.84%
GSIE Goldman Sachs ActiveBeta International Equity ETF	6.51%	32.53%	5.23%	16.99%	-15.86%	13.27%	7.48%

Correlation

The correlation between GINN and GSIE is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Nov 10, 2020	0.78

The correlation between GINN and GSIE has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.

GINN vs. GSIE - Sectors Allocation Comparison

Sectors	GINN	GSIE
Technology	32.4%	9.5%
Healthcare	18.6%	9.1%
Consumer Cyclical	14.6%	9.1%
Financial Services	11.4%	27.1%
Communication Services	10.8%	3.8%
Industrials	6.1%	18.0%
Consumer Defensive	2.0%	7.2%
Utilities	1.9%	3.2%
Energy	1.4%	4.4%
Real Estate	0.8%	1.2%
Basic Materials	0.1%	5.8%

Return for Risk

GINN vs. GSIE — Risk / Return Rank

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

GINN

GINN Risk / Return Rank: 44
GINN Sharpe Ratio Rank: 46
GINN Sortino Ratio Rank: 45
GINN Omega Ratio Rank: 43
GINN Calmar Ratio Rank: 40
GINN Martin Ratio Rank: 44

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.

GINN vs. GSIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) 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.

	GINN	GSIE	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.38	+0.23
Sortino ratio: Return per unit of downside risk	2.25	1.99	+0.26
Omega ratio: Gain probability vs. loss probability	1.28	1.25	+0.03
Calmar ratio: Return relative to maximum drawdown	1.95	1.81	+0.15
Martin ratio: Return relative to average drawdown	7.06	6.87	+0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GINN vs. GSIE - Sharpe Ratio Comparison

The current GINN Sharpe Ratio is 1.61, which is comparable to the GSIE Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of GINN 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

	GINN	GSIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	1.38	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.50	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.52	-0.07

Drawdowns

GINN vs. GSIE - Drawdown Comparison

The maximum GINN drawdown since its inception was -41.25%, which is greater than GSIE's maximum drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for GINN and GSIE.

Drawdown Indicators

	GINN	GSIE	Difference
Max Drawdown Largest peak-to-trough decline	-41.25%	-34.63%	-6.62%
Max Drawdown (1Y) Largest decline over 1 year	-13.18%	-10.76%	-2.42%
Max Drawdown (3Y) Largest decline over 3 years	-22.25%	-13.07%	-9.18%
Max Drawdown (5Y) Largest decline over 5 years	-41.25%	-29.97%	-11.28%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.63%	—
Current Drawdown Current decline from peak	-1.63%	-2.19%	+0.56%
Average Drawdown Average peak-to-trough decline	-13.37%	-6.06%	-7.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	2.82%	+0.82%

Volatility

GINN vs. GSIE - Volatility Comparison

The current volatility for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) is 3.98%, while Goldman Sachs ActiveBeta International Equity ETF (GSIE) has a volatility of 4.38%. This indicates that GINN 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

	GINN	GSIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	4.38%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	12.04%	11.60%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	16.06%	14.15%	+1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.33%	16.04%	+5.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.05%	16.75%	+4.30%

GINN vs. GSIE - Expense Ratio Comparison

GINN has a 0.50% expense ratio, which is higher than GSIE's 0.25% expense ratio.

Dividends

GINN vs. GSIE - Dividend Comparison

GINN's dividend yield for the trailing twelve months is around 1.16%, less than GSIE's 2.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	1.16%	1.26%	1.26%	1.01%	0.69%	0.67%	0.07%	0.00%	0.00%	0.00%	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 GINN and GSIE in my portfolio?

GINN and GSIE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GINN or GSIE?

GSIE has higher volatility (4.38%) compared to GINN (3.98%). In terms of maximum drawdown, GINN dropped -41.25% vs GSIE's -34.63%.

Which ETF is better, GINN or GSIE?

On 5-year performance, GSIE leads with 8.04% vs 6.82% for GINN. On fees, GSIE is cheaper at 0.25% per year. On volatility, GINN has been the lower-risk option at 3.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GINN or GSIE?

Over the 5-year period, GSIE has performed better with a 8.04% return vs 6.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GINN or GSIE?

GSIE is cheaper with a 0.25% expense ratio, compared with 0.50% for GINN.

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

GSIE has the higher dividend yield at 2.52%, compared with 1.16% for GINN.

What is the main difference between GINN and GSIE?

GINN is categorized as Technology Equities, while GSIE is Foreign Large Cap Equities. GINN tracks Solactive Innovative Global Equity Index, while GSIE tracks Goldman Sachs ActiveBeta International Equity Index. Their fees differ too: 0.50% for GINN and 0.25% for GSIE.

Which has better risk-adjusted returns?

GINN currently has the higher Sharpe Ratio (1.61 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.