GSEE vs. IDMO
Compare and contrast key facts about Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) and Invesco S&P International Developed Momentum ETF (IDMO).
GSEE and IDMO 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. IDMO is a passively managed fund by Invesco that tracks the performance of the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. It was launched on Feb 24, 2012. Both GSEE and IDMO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSEE or IDMO.
Correlation
The correlation between GSEE and IDMO is 0.71, 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.
Performance
GSEE vs. IDMO - Performance Comparison
Key characteristics
GSEE:
0.88
IDMO:
1.05
GSEE:
1.30
IDMO:
1.47
GSEE:
1.16
IDMO:
1.19
GSEE:
0.48
IDMO:
1.49
GSEE:
2.84
IDMO:
5.27
GSEE:
4.49%
IDMO:
3.22%
GSEE:
14.57%
IDMO:
16.15%
GSEE:
-37.51%
IDMO:
-39.36%
GSEE:
-17.16%
IDMO:
-2.69%
Returns By Period
In the year-to-date period, GSEE achieves a 2.11% return, which is significantly lower than IDMO's 3.84% return.
GSEE
2.11%
0.27%
0.87%
12.53%
N/A
N/A
IDMO
3.84%
4.21%
1.61%
15.88%
10.92%
9.55%
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GSEE vs. IDMO - Expense Ratio Comparison
GSEE has a 0.36% expense ratio, which is higher than IDMO's 0.25% expense ratio.
Risk-Adjusted Performance
GSEE vs. IDMO — Risk-Adjusted Performance Rank
GSEE
IDMO
GSEE vs. IDMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) and Invesco S&P International Developed Momentum ETF (IDMO). 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.
Dividends
GSEE vs. IDMO - Dividend Comparison
GSEE's dividend yield for the trailing twelve months is around 2.73%, more than IDMO's 2.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF | 2.73% | 2.79% | 3.08% | 3.05% | 6.10% | 2.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDMO Invesco S&P International Developed Momentum ETF | 2.16% | 2.24% | 2.89% | 3.66% | 1.81% | 1.64% | 2.10% | 3.27% | 3.08% | 2.18% | 2.52% | 2.18% |
Drawdowns
GSEE vs. IDMO - Drawdown Comparison
The maximum GSEE drawdown since its inception was -37.51%, roughly equal to the maximum IDMO drawdown of -39.36%. Use the drawdown chart below to compare losses from any high point for GSEE and IDMO. For additional features, visit the drawdowns tool.
Volatility
GSEE vs. IDMO - Volatility Comparison
The current volatility for Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) is 4.18%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 4.97%. This indicates that GSEE experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.