GSEU vs. IEUR

Last updated Apr 2, 2026

Compare and contrast key facts about Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) and iShares Core MSCI Europe ETF (IEUR).

GSEU and IEUR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSEU is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta Europe Equity Index. It was launched on Mar 2, 2016. IEUR is a passively managed fund by iShares that tracks the performance of the MSCI Europe Investable Market Index. It was launched on Jun 10, 2014. Both GSEU and IEUR 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

GSEU vs. IEUR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) and iShares Core MSCI Europe ETF (IEUR). The values are adjusted to include any dividend payments, if applicable.

GSEU vs. IEUR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSEU Goldman Sachs ActiveBeta Europe Equity ETF	0.39%	35.70%	2.00%	20.74%	-17.90%	17.33%	6.64%	24.57%	-14.29%	26.97%
IEUR iShares Core MSCI Europe ETF	-0.03%	35.67%	1.40%	19.71%	-15.90%	16.71%	5.31%	24.95%	-14.86%	26.70%

Returns By Period

In the year-to-date period, GSEU achieves a 0.39% return, which is significantly higher than IEUR's -0.03% return. Both investments have delivered pretty close results over the past 10 years, with GSEU having a 8.98% annualized return and IEUR not far behind at 8.97%.

GSEU

• 1D: 1.48%
• 1M: -4.54%
• YTD: 0.39%
• 6M: 5.00%
• 1Y: 22.46%
• 3Y*: 14.82%
• 5Y*: 8.87%
• 10Y*: 8.98%

IEUR

• 1D: -0.53%
• 1M: -2.37%
• YTD: -0.03%
• 6M: 3.97%
• 1Y: 21.12%
• 3Y*: 14.03%
• 5Y*: 8.60%
• 10Y*: 8.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GSEU vs. IEUR - Expense Ratio Comparison

GSEU has a 0.25% expense ratio, which is higher than IEUR's 0.09% 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%.

GSEU

Goldman Sachs ActiveBeta Europe Equity ETF

IEUR

iShares Core MSCI Europe ETF

Return for Risk

GSEU vs. IEUR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GSEU

GSEU Risk / Return Rank: 68
GSEU Sharpe Ratio Rank: 70
GSEU Sortino Ratio Rank: 69
GSEU Omega Ratio Rank: 68
GSEU Calmar Ratio Rank: 68
GSEU Martin Ratio Rank: 66

IEUR

IEUR Risk / Return Rank: 62
IEUR Sharpe Ratio Rank: 63
IEUR Sortino Ratio Rank: 64
IEUR Omega Ratio Rank: 62
IEUR Calmar Ratio Rank: 60
IEUR Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GSEU vs. IEUR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) and iShares Core MSCI Europe ETF (IEUR). 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.

	GSEU	IEUR	Difference
Sharpe ratio Return per unit of total volatility	1.29	1.19	+0.10
Sortino ratio Return per unit of downside risk	1.82	1.73	+0.09
Omega ratio Gain probability vs. loss probability	1.26	1.24	+0.02
Calmar ratio Return relative to maximum drawdown	1.90	1.79	+0.11
Martin ratio Return relative to average drawdown	7.27	6.80	+0.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSEU vs. IEUR - Sharpe Ratio Comparison

The current GSEU Sharpe Ratio is 1.29, which is comparable to the IEUR Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of GSEU and IEUR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GSEU	IEUR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	1.19	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.49	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.48	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.33	+0.17

Correlation

The correlation between GSEU and IEUR is 0.96, 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

GSEU vs. IEUR - Dividend Comparison

GSEU's dividend yield for the trailing twelve months is around 2.71%, less than IEUR's 2.97% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSEU Goldman Sachs ActiveBeta Europe Equity ETF	2.71%	2.72%	2.35%	3.41%	3.34%	2.71%	1.84%	3.69%	3.40%	2.51%	2.74%	0.00%
IEUR iShares Core MSCI Europe ETF	2.97%	2.97%	3.54%	3.17%	3.05%	2.88%	2.13%	3.26%	3.76%	2.64%	3.19%	2.79%

Drawdowns

GSEU vs. IEUR - Drawdown Comparison

The maximum GSEU drawdown since its inception was -35.71%, roughly equal to the maximum IEUR drawdown of -36.96%. Use the drawdown chart below to compare losses from any high point for GSEU and IEUR.

Drawdown Indicators

	GSEU	IEUR	Difference
Max Drawdown Largest peak-to-trough decline	-35.71%	-36.96%	+1.25%
Max Drawdown (1Y) Largest decline over 1 year	-11.90%	-12.04%	+0.14%
Max Drawdown (5Y) Largest decline over 5 years	-33.98%	-32.75%	-1.23%
Max Drawdown (10Y) Largest decline over 10 years	-35.71%	-36.96%	+1.25%
Current Drawdown Current decline from peak	-7.00%	-7.54%	+0.54%
Average Drawdown Average peak-to-trough decline	-6.66%	-8.30%	+1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	3.17%	-0.06%

Volatility

GSEU vs. IEUR - Volatility Comparison

Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) and iShares Core MSCI Europe ETF (IEUR) have volatilities of 7.39% and 7.23%, 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.

Volatility by Period

	GSEU	IEUR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.39%	7.23%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	10.96%	10.98%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	17.44%	17.82%	-0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.99%	17.53%	-0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	18.59%	-0.56%