GSEE vs. XCEM
Compare and contrast key facts about Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) and Columbia EM Core ex-China ETF (XCEM).
GSEE and XCEM 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. XCEM is a passively managed fund by Ameriprise Financial that tracks the performance of the MSCI Emerging Markets ex China Index. It was launched on Sep 2, 2015. Both GSEE and XCEM 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 XCEM.
Key characteristics
| GSEE | XCEM | |
|---|---|---|
| YTD Return | 7.67% | 4.16% |
| 1Y Return | 15.62% | 16.10% |
| 3Y Return (Ann) | -3.09% | 1.51% |
| Sharpe Ratio | 1.12 | 1.29 |
| Daily Std Dev | 14.02% | 12.82% |
| Max Drawdown | -37.51% | -40.92% |
| Current Drawdown | -16.77% | -1.63% |
Correlation
The correlation between GSEE and XCEM is 0.87, 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. XCEM - Performance Comparison
In the year-to-date period, GSEE achieves a 7.67% return, which is significantly higher than XCEM's 4.16% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GSEE vs. XCEM - Expense Ratio Comparison
GSEE has a 0.36% expense ratio, which is higher than XCEM's 0.16% expense ratio.
Risk-Adjusted Performance
GSEE vs. XCEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) and Columbia EM Core ex-China ETF (XCEM). 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. XCEM - Dividend Comparison
GSEE's dividend yield for the trailing twelve months is around 1.55%, more than XCEM's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF | 1.55% | 3.07% | 3.05% | 6.10% | 2.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XCEM Columbia EM Core ex-China ETF | 1.17% | 1.22% | 2.42% | 1.94% | 1.63% | 2.11% | 3.24% | 8.57% | 1.24% | 2.57% |
Drawdowns
GSEE vs. XCEM - Drawdown Comparison
The maximum GSEE drawdown since its inception was -37.51%, smaller than the maximum XCEM drawdown of -40.92%. Use the drawdown chart below to compare losses from any high point for GSEE and XCEM. For additional features, visit the drawdowns tool.
Volatility
GSEE vs. XCEM - Volatility Comparison
Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) and Columbia EM Core ex-China ETF (XCEM) have volatilities of 3.06% and 3.05%, 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.