GSEU vs. GBIL
GSEU (Goldman Sachs ActiveBeta Europe Equity ETF) and GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) are both exchange-traded funds - GSEU is a Europe Equities fund tracking the Goldman Sachs ActiveBeta Europe Equity Index, while GBIL is a Government Bonds fund tracking the FTSE US Treasury 0-1 Year Composite Select Index. Both are passively managed. Over the past 5 years, GSEU returned 8.83%/yr vs 3.43%/yr for GBIL. Their 0.01 correlation means their historical movements had little consistent relationship. GSEU charges 0.25%/yr vs 0.12%/yr for GBIL.
Performance
GSEU vs. GBIL - Performance Comparison
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Returns By Period
In the year-to-date period, GSEU achieves a 11.15% return, which is significantly higher than GBIL's 2.00% return.
GSEU
- 1D
- 0.57%
- 1M
- 1.67%
- 6M
- 5.72%
- YTD
- 11.15%
- 1Y
- 24.35%
- 3Y*
- 17.59%
- 5Y*
- 8.83%
- 10Y*
- 9.89%
- ALL TIME*
- 9.84%
GBIL
- 1D
- 0.01%
- 1M
- 0.28%
- 6M
- 1.72%
- YTD
- 2.00%
- 1Y
- 3.74%
- 3Y*
- 4.54%
- 5Y*
- 3.43%
- 10Y*
- —
- ALL TIME*
- 2.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.62M | $52.46M | $69.99M | |
| $248.65K | $275.55K | $307.56K |
GSEU vs. GBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSEU Goldman Sachs ActiveBeta Europe Equity ETF | 11.15% | 35.70% | 2.00% | 20.74% | -17.90% | 17.33% | 6.64% | 24.57% | -14.29% | 26.97% |
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 2.00% | 4.12% | 5.24% | 4.91% | 1.05% | -0.08% | 0.79% | 2.31% | 1.78% | 0.69% |
Correlation
The correlation between GSEU and GBIL is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2016 | 0.01 |
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Return for Risk
GSEU vs. GBIL — Risk / Return Rank
GSEU
GBIL
GSEU vs. GBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSEU | GBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -16.51 | ||
| Sortino ratioReturn per unit of downside risk | -148.07 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 92.87 | -91.59 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 187.90 | -185.85 |
| Martin ratioReturn relative to average drawdown | 7.92 | 2,250.52 | -2,242.60 |
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Drawdowns
GSEU vs. GBIL - Drawdown Comparison
The maximum GSEU drawdown since its inception was -35.71%, which is greater than GBIL's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for GSEU and GBIL.
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Drawdown Indicators
| GSEU | GBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.71% | -0.76% | -34.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.90% | -0.02% | -11.88% |
Max Drawdown (3Y)Largest decline over 3 years | -14.12% | -0.76% | -13.36% |
Max Drawdown (5Y)Largest decline over 5 years | -33.98% | -0.76% | -33.22% |
Max Drawdown (10Y)Largest decline over 10 years | -35.71% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -0.04% | -6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 0.00% | +3.08% |
Volatility
GSEU vs. GBIL - Volatility Comparison
Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) has a higher volatility of 3.94% compared to Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) at 0.06%. This indicates that GSEU's price experiences larger fluctuations and is considered to be riskier than GBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSEU | GBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 0.06% | +3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 13.26% | 0.14% | +13.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.42% | 0.21% | +15.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.22% | 0.58% | +16.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 0.47% | +17.22% |
GSEU vs. GBIL - Expense Ratio Comparison
GSEU has a 0.25% expense ratio, which is higher than GBIL's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GSEU vs. GBIL - Dividend Comparison
GSEU's dividend yield for the trailing twelve months is around 2.70%, less than GBIL's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 3.68% | 4.02% | 4.93% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% |
GSEU Goldman Sachs ActiveBeta Europe Equity ETF | 2.70% | 2.72% | 2.35% | 3.41% | 3.34% | 2.71% | 1.84% | 3.69% | 3.40% | 2.51% | 2.74% |
Frequently Asked Questions
GSEU and GBIL have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSEU has higher volatility (3.94%) compared to GBIL (0.06%). In terms of maximum drawdown, GSEU dropped -35.71% vs GBIL's -0.76%.
On 5-year performance, GSEU leads with 8.83% vs 3.43% for GBIL. On fees, GBIL is cheaper at 0.12% per year. On volatility, GBIL has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSEU has performed better with a 8.83% return vs 3.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GBIL is cheaper with a 0.12% expense ratio, compared with 0.25% for GSEU.
GBIL has the higher dividend yield at 3.68%, compared with 2.70% for GSEU.
GSEU is categorized as Europe Equities, while GBIL is Government Bonds. GSEU tracks Goldman Sachs ActiveBeta Europe Equity Index, while GBIL tracks FTSE US Treasury 0-1 Year Composite Select Index. Their fees differ too: 0.25% for GSEU and 0.12% for GBIL.
GBIL currently has the higher Sharpe Ratio (18.10 vs 1.59), 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.
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