GSID vs. ESGD

Last updated Aug 2, 2026

GSID (Goldman Sachs MarketBeta International Equity ETF) and ESGD (iShares ESG Aware MSCI EAFE ETF) are both Foreign Large Cap Equities funds - GSID tracks the Solactive GBS Developed Markets ex North America Large & Mid Cap Index while ESGD tracks the MSCI EAFE Extended ESG Focus Index. Both are passively managed. Over the past 5 years, GSID returned 9.10%/yr vs 8.95%/yr for ESGD. Their 0.98 correlation means they have historically moved very closely together. Both charge a 0.20% expense ratio.

Performance

GSID vs. ESGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs MarketBeta International Equity ETF (GSID) and iShares ESG Aware MSCI EAFE ETF (ESGD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GSID having a 11.93% return and ESGD slightly lower at 11.86%.

GSID

• 1D: -0.86%
• 1M: 1.26%
• 6M: 6.67%
• YTD: 11.93%
• 1Y: 25.33%
• 3Y*: 16.48%
• 5Y*: 9.10%
• 10Y*: —
• ALL TIME*: 14.38%

ESGD

• 1D: -0.61%
• 1M: 1.35%
• 6M: 6.47%
• YTD: 11.86%
• 1Y: 24.51%
• 3Y*: 16.02%
• 5Y*: 8.95%
• 10Y*: 9.52%
• ALL TIME*: 9.86%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ESGD iShares ESG Aware MSCI EAFE ETF	$32.64M	$25.61M	$29.96M
GSID Goldman Sachs MarketBeta International Equity ETF	$4.14M	$2.75M	$2.25M

GSID vs. ESGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GSID Goldman Sachs MarketBeta International Equity ETF	11.93%	31.77%	3.60%	17.63%	-14.77%	10.67%	35.83%
ESGD iShares ESG Aware MSCI EAFE ETF	11.86%	29.63%	3.95%	18.53%	-15.17%	11.79%	35.92%

Correlation

The correlation between GSID and ESGD is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (3Y) Balances recent behavior with more history.	0.98
Correlation (5Y) Shows whether the relationship held over a longer period.	0.99
Correlation (All Time) Calculated using the full available price history since May 15, 2020	0.98

The correlation between GSID and ESGD has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

GSID vs. ESGD - Sectors Allocation Comparison

Sectors	GSID	ESGD
Financial Services	26.0%	26.3%
Industrials	19.0%	18.3%
Technology	11.3%	13.6%
Healthcare	10.3%	10.1%
Consumer Cyclical	7.3%	6.7%
Consumer Defensive	6.6%	6.9%
Basic Materials	6.0%	5.0%
Energy	3.9%	3.4%
Communication Services	3.6%	4.1%
Utilities	3.6%	3.8%
Real Estate	1.9%	1.8%

Return for Risk

GSID vs. ESGD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GSID

GSID Risk / Return Rank: 69
GSID Sharpe Ratio Rank: 71
GSID Sortino Ratio Rank: 72
GSID Omega Ratio Rank: 69
GSID Calmar Ratio Rank: 64
GSID Martin Ratio Rank: 70

ESGD

ESGD Risk / Return Rank: 65
ESGD Sharpe Ratio Rank: 67
ESGD Sortino Ratio Rank: 67
ESGD Omega Ratio Rank: 65
ESGD Calmar Ratio Rank: 60
ESGD Martin Ratio Rank: 65

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GSID vs. ESGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta International Equity ETF (GSID) and iShares ESG Aware MSCI EAFE ETF (ESGD). 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.

	GSID	ESGD	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.53	+0.10
Sortino ratio: Return per unit of downside risk	2.33	2.19	+0.14
Omega ratio: Gain probability vs. loss probability	1.29	1.28	+0.01
Calmar ratio: Return relative to maximum drawdown	2.26	2.08	+0.18
Martin ratio: Return relative to average drawdown	8.49	7.87	+0.62

GSID vs. ESGD - Sharpe Ratio Comparison

The current GSID Sharpe Ratio is 1.62, which is comparable to the ESGD Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of GSID and ESGD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GSID vs. ESGD - Drawdown Comparison

The maximum GSID drawdown since its inception was -29.89%, smaller than the maximum ESGD drawdown of -33.70%. Use the drawdown chart below to compare losses from any high point for GSID and ESGD.

Drawdown Indicators

	GSID	ESGD	Difference
Max Drawdown Largest peak-to-trough decline	-29.89%	-33.70%	+3.81%
Max Drawdown (1Y) Largest decline over 1 year	-11.34%	-11.68%	+0.34%
Max Drawdown (3Y) Largest decline over 3 years	-13.96%	-13.86%	-0.10%
Max Drawdown (5Y) Largest decline over 5 years	-29.89%	-30.03%	+0.14%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.70%	—
Current Drawdown Current decline from peak	-0.86%	-0.61%	-0.25%
Average Drawdown Average peak-to-trough decline	-5.61%	-6.11%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	3.08%	-0.07%

Volatility

GSID vs. ESGD - Volatility Comparison

Goldman Sachs MarketBeta International Equity ETF (GSID) and iShares ESG Aware MSCI EAFE ETF (ESGD) have volatilities of 4.80% and 4.66%, 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

	GSID	ESGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	4.66%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	13.74%	13.83%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	15.81%	15.97%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.36%	16.75%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.32%	17.01%	-0.69%

GSID vs. ESGD - Expense Ratio Comparison

Both GSID and ESGD have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

GSID vs. ESGD - Dividend Comparison

GSID's dividend yield for the trailing twelve months is around 2.43%, less than ESGD's 3.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ESGD iShares ESG Aware MSCI EAFE ETF	3.27%	3.60%	3.23%	3.02%	2.59%	2.75%	1.63%	2.57%	2.69%	2.65%	0.09%
GSID Goldman Sachs MarketBeta International Equity ETF	2.43%	2.64%	2.90%	2.59%	2.57%	2.93%	1.02%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GSID and ESGD in my portfolio?

With a correlation of 0.98, GSID and ESGD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GSID or ESGD?

GSID has higher volatility (4.80%) compared to ESGD (4.66%). In terms of maximum drawdown, GSID dropped -29.89% vs ESGD's -33.70%.

Which ETF is better, GSID or ESGD?

On 5-year performance, GSID leads with 9.10% vs 8.95% for ESGD. Both ETFs have the same 0.20% expense ratio. On volatility, ESGD has been the lower-risk option at 4.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSID or ESGD?

Over the 5-year period, GSID has performed better with a 9.10% return vs 8.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSID or ESGD?

GSID and ESGD have the same expense ratio: 0.20% per year.

Which ETF pays a higher dividend yield, GSID or ESGD?

ESGD has the higher dividend yield at 3.27%, compared with 2.43% for GSID.

What is the main difference between GSID and ESGD?

GSID tracks Solactive GBS Developed Markets ex North America Large & Mid Cap Index, while ESGD tracks MSCI EAFE Extended ESG Focus Index. They also come from different issuers: Goldman Sachs and iShares.

Which has better risk-adjusted returns?

GSID currently has the higher Sharpe Ratio (1.62 vs 1.52), 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.