GSEE vs. AVEM
Compare and contrast key facts about Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) and Avantis Emerging Markets Equity ETF (AVEM).
GSEE and AVEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSEE is a passively managed fund by Goldman Sachs that tracks the performance of the Solactive GBS Emerging Markets Large & Mid Cap Index. It was launched on May 12, 2020. AVEM is a passively managed fund by American Century that tracks the performance of the MSCI Emerging Markets Index. It was launched on Sep 17, 2019. Both GSEE and AVEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GSEE vs. AVEM - Performance Comparison
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GSEE vs. AVEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF | 3.91% | 33.38% | 4.94% | 11.03% | -19.57% | -2.61% | 43.54% |
AVEM Avantis Emerging Markets Equity ETF | 4.70% | 34.48% | 7.49% | 15.30% | -18.15% | 5.16% | 47.81% |
Returns By Period
In the year-to-date period, GSEE achieves a 3.91% return, which is significantly lower than AVEM's 4.70% return.
GSEE
- 1D
- 3.26%
- 1M
- -8.99%
- YTD
- 3.91%
- 6M
- 8.00%
- 1Y
- 32.92%
- 3Y*
- 15.76%
- 5Y*
- 3.96%
- 10Y*
- —
AVEM
- 1D
- 3.60%
- 1M
- -9.09%
- YTD
- 4.70%
- 6M
- 9.02%
- 1Y
- 37.57%
- 3Y*
- 18.51%
- 5Y*
- 6.97%
- 10Y*
- —
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GSEE vs. AVEM - Expense Ratio Comparison
GSEE has a 0.36% expense ratio, which is higher than AVEM's 0.33% expense ratio.
Return for Risk
GSEE vs. AVEM — Risk / Return Rank
GSEE
AVEM
GSEE vs. AVEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) and Avantis Emerging Markets Equity ETF (AVEM). 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.
| GSEE | AVEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.69 | 1.89 | -0.19 |
Sortino ratioReturn per unit of downside risk | 2.33 | 2.48 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.82 | -0.33 |
Martin ratioReturn relative to average drawdown | 9.61 | 11.10 | -1.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GSEE | AVEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 1.89 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.39 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.51 | +0.08 |
Correlation
The correlation between GSEE and AVEM is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GSEE vs. AVEM - Dividend Comparison
GSEE's dividend yield for the trailing twelve months is around 2.43%, which matches AVEM's 2.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF | 2.43% | 2.53% | 2.79% | 3.07% | 3.05% | 6.10% | 2.41% | 0.00% |
AVEM Avantis Emerging Markets Equity ETF | 2.41% | 2.45% | 3.17% | 3.06% | 2.77% | 2.61% | 1.60% | 0.35% |
Drawdowns
GSEE vs. AVEM - Drawdown Comparison
The maximum GSEE drawdown since its inception was -37.51%, roughly equal to the maximum AVEM drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for GSEE and AVEM.
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Drawdown Indicators
| GSEE | AVEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.51% | -36.05% | -1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.05% | -13.13% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -35.06% | -34.00% | -1.06% |
Current DrawdownCurrent decline from peak | -10.22% | -10.00% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -15.10% | -10.30% | -4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 3.34% | +0.04% |
Volatility
GSEE vs. AVEM - Volatility Comparison
Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) and Avantis Emerging Markets Equity ETF (AVEM) have volatilities of 9.92% and 10.36%, 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.
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Volatility by Period
| GSEE | AVEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.92% | 10.36% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 14.49% | 14.72% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.54% | 20.03% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.72% | 17.87% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 20.37% | -2.33% |