GSEE vs. DFCEX
Compare and contrast key facts about Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) and DFA Emerging Markets Core Equity Fund (DFCEX).
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. DFCEX is managed by Dimensional. It was launched on Apr 4, 2005.
Performance
GSEE vs. DFCEX - Performance Comparison
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GSEE vs. DFCEX - 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% |
DFCEX DFA Emerging Markets Core Equity Fund | 0.90% | 28.79% | 7.31% | 15.45% | -16.44% | 5.82% | 47.11% |
Returns By Period
In the year-to-date period, GSEE achieves a 3.91% return, which is significantly higher than DFCEX's 0.90% return.
GSEE
- 1D
- 3.26%
- 1M
- -8.99%
- YTD
- 3.91%
- 6M
- 8.00%
- 1Y
- 32.92%
- 3Y*
- 15.76%
- 5Y*
- 3.96%
- 10Y*
- —
DFCEX
- 1D
- -0.97%
- 1M
- -11.43%
- YTD
- 0.90%
- 6M
- 4.73%
- 1Y
- 28.56%
- 3Y*
- 15.10%
- 5Y*
- 6.21%
- 10Y*
- 8.62%
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GSEE vs. DFCEX - Expense Ratio Comparison
GSEE has a 0.36% expense ratio, which is lower than DFCEX's 0.40% expense ratio.
Return for Risk
GSEE vs. DFCEX — Risk / Return Rank
GSEE
DFCEX
GSEE vs. DFCEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) and DFA Emerging Markets Core Equity Fund (DFCEX). 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 | DFCEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.69 | 1.87 | -0.18 |
Sortino ratioReturn per unit of downside risk | 2.33 | 2.43 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.12 | +0.37 |
Martin ratioReturn relative to average drawdown | 9.61 | 8.20 | +1.41 |
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 | DFCEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 1.87 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.44 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.39 | +0.21 |
Correlation
The correlation between GSEE and DFCEX is 0.92, 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. DFCEX - Dividend Comparison
GSEE's dividend yield for the trailing twelve months is around 2.43%, less than DFCEX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF | 2.43% | 2.53% | 2.79% | 3.07% | 3.05% | 6.10% | 2.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DFCEX DFA Emerging Markets Core Equity Fund | 2.91% | 2.90% | 3.43% | 3.53% | 3.78% | 2.59% | 1.70% | 2.42% | 2.33% | 1.92% | 1.99% | 2.28% |
Drawdowns
GSEE vs. DFCEX - Drawdown Comparison
The maximum GSEE drawdown since its inception was -37.51%, smaller than the maximum DFCEX drawdown of -64.58%. Use the drawdown chart below to compare losses from any high point for GSEE and DFCEX.
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Drawdown Indicators
| GSEE | DFCEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.51% | -64.58% | +27.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.05% | -12.12% | -0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -35.06% | -30.05% | -5.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.33% | — |
Current DrawdownCurrent decline from peak | -10.22% | -12.12% | +1.90% |
Average DrawdownAverage peak-to-trough decline | -15.10% | -12.70% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 3.14% | +0.24% |
Volatility
GSEE vs. DFCEX - Volatility Comparison
Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) has a higher volatility of 9.92% compared to DFA Emerging Markets Core Equity Fund (DFCEX) at 7.12%. This indicates that GSEE's price experiences larger fluctuations and is considered to be riskier than DFCEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSEE | DFCEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.92% | 7.12% | +2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 14.49% | 10.75% | +3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.54% | 15.12% | +4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.72% | 14.32% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 15.76% | +2.28% |