GSID vs. FDEV

Last updated Jun 3, 2026

GSID (Goldman Sachs MarketBeta International Equity ETF) and FDEV (Fidelity International Multifactor ETF) are both Foreign Large Cap Equities funds - GSID tracks the Solactive GBS Developed Markets ex North America Large & Mid Cap Index while FDEV tracks the Fidelity Targeted International Factor Index. Both are passively managed. Over the past 5 years, GSID returned 8.49%/yr vs 7.33%/yr for FDEV. Their correlation of 0.91 suggests significant overlap in exposure. GSID charges 0.20%/yr vs 0.39%/yr for FDEV.

Performance

GSID vs. FDEV - Performance Comparison

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

Returns By Period

In the year-to-date period, GSID achieves a 9.52% return, which is significantly higher than FDEV's 4.41% return.

GSID

• 1D: 0.59%
• 1M: 2.70%
• YTD: 9.52%
• 6M: 12.61%
• 1Y: 21.95%
• 3Y*: 16.86%
• 5Y*: 8.49%
• 10Y*: —

FDEV

• 1D: 0.22%
• 1M: -2.26%
• YTD: 4.41%
• 6M: 7.53%
• 1Y: 13.97%
• 3Y*: 14.89%
• 5Y*: 7.33%
• 10Y*: —

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

GSID vs. FDEV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GSID Goldman Sachs MarketBeta International Equity ETF	9.52%	31.77%	3.60%	17.63%	-14.77%	10.67%	35.83%
FDEV Fidelity International Multifactor ETF	4.41%	30.36%	5.84%	13.37%	-16.54%	11.00%	26.28%

Correlation

The correlation between GSID and FDEV is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 18, 2020	0.91

The correlation between GSID and FDEV has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.

GSID vs. FDEV - Sectors Allocation Comparison

Sectors	GSID	FDEV
Financial Services	24.1%	21.9%
Industrials	19.8%	15.9%
Technology	10.4%	3.7%
Healthcare	10.4%	13.3%
Consumer Cyclical	7.8%	4.5%
Consumer Defensive	6.7%	9.5%
Basic Materials	6.1%	4.1%
Communication Services	4.5%	7.2%
Energy	4.2%	10.8%
Utilities	3.9%	8.1%
Real Estate	2.2%	-

Return for Risk

GSID vs. FDEV — Risk / Return Rank

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

GSID

GSID Risk / Return Rank: 42
GSID Sharpe Ratio Rank: 41
GSID Sortino Ratio Rank: 42
GSID Omega Ratio Rank: 40
GSID Calmar Ratio Rank: 41
GSID Martin Ratio Rank: 46

FDEV

FDEV Risk / Return Rank: 35
FDEV Sharpe Ratio Rank: 33
FDEV Sortino Ratio Rank: 31
FDEV Omega Ratio Rank: 32
FDEV Calmar Ratio Rank: 37
FDEV Martin Ratio Rank: 43

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.

GSID vs. FDEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta International Equity ETF (GSID) and Fidelity International Multifactor ETF (FDEV). 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.

	GSID	FDEV	Difference
Sharpe ratio Return per unit of total volatility	1.46	1.18	+0.28
Sortino ratio Return per unit of downside risk	2.13	1.68	+0.45
Omega ratio Gain probability vs. loss probability	1.26	1.22	+0.05
Calmar ratio Return relative to maximum drawdown	2.05	1.83	+0.22
Martin ratio Return relative to average drawdown	7.65	6.99	+0.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSID vs. FDEV - Sharpe Ratio Comparison

The current GSID Sharpe Ratio is 1.46, which is comparable to the FDEV Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of GSID and FDEV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GSID	FDEV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	1.18	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.53	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.53	+0.36

Drawdowns

GSID vs. FDEV - Drawdown Comparison

The maximum GSID drawdown since its inception was -29.89%, roughly equal to the maximum FDEV drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for GSID and FDEV.

Drawdown Indicators

	GSID	FDEV	Difference
Max Drawdown Largest peak-to-trough decline	-29.89%	-30.11%	+0.22%
Max Drawdown (1Y) Largest decline over 1 year	-11.34%	-8.46%	-2.88%
Max Drawdown (3Y) Largest decline over 3 years	-13.96%	-10.47%	-3.49%
Max Drawdown (5Y) Largest decline over 5 years	-29.89%	-29.02%	-0.87%
Current Drawdown Current decline from peak	-0.69%	-4.30%	+3.61%
Average Drawdown Average peak-to-trough decline	-5.73%	-6.29%	+0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	2.21%	+0.83%

Volatility

GSID vs. FDEV - Volatility Comparison

Goldman Sachs MarketBeta International Equity ETF (GSID) has a higher volatility of 4.99% compared to Fidelity International Multifactor ETF (FDEV) at 3.72%. This indicates that GSID's price experiences larger fluctuations and is considered to be riskier than FDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSID	FDEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	3.72%	+1.27%
Volatility (6M) Calculated over the trailing 6-month period	12.53%	9.67%	+2.86%
Volatility (1Y) Calculated over the trailing 1-year period	15.13%	11.95%	+3.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	13.90%	+2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.30%	15.33%	+0.97%

GSID vs. FDEV - Expense Ratio Comparison

GSID has a 0.20% expense ratio, which is lower than FDEV's 0.39% expense ratio.

Dividends

GSID vs. FDEV - Dividend Comparison

GSID's dividend yield for the trailing twelve months is around 2.42%, less than FDEV's 2.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FDEV Fidelity International Multifactor ETF	2.81%	2.86%	2.99%	2.80%	2.65%	2.81%	1.88%	2.73%
GSID Goldman Sachs MarketBeta International Equity ETF	2.42%	2.64%	2.90%	2.59%	2.57%	2.93%	1.02%	0.00%

Frequently Asked Questions

Can I hold both GSID and FDEV in my portfolio?

GSID and FDEV have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSID or FDEV?

GSID has higher volatility (4.99%) compared to FDEV (3.72%). In terms of maximum drawdown, GSID dropped -29.89% vs FDEV's -30.11%.

Which ETF is better, GSID or FDEV?

On 5-year performance, GSID leads with 8.49% vs 7.33% for FDEV. On fees, GSID is cheaper at 0.20% per year. On volatility, FDEV has been the lower-risk option at 3.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSID or FDEV?

Over the 5-year period, GSID has performed better with a 8.49% return vs 7.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSID or FDEV?

GSID is cheaper with a 0.20% expense ratio, compared with 0.39% for FDEV.

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

FDEV has the higher dividend yield at 2.81%, compared with 2.42% for GSID.

What is the main difference between GSID and FDEV?

GSID tracks Solactive GBS Developed Markets ex North America Large & Mid Cap Index, while FDEV tracks Fidelity Targeted International Factor Index. They also come from different issuers: Goldman Sachs and Fidelity. Their fees differ too: 0.20% for GSID and 0.39% for FDEV.

Which has better risk-adjusted returns?

GSID currently has the higher Sharpe Ratio (1.46 vs 1.18), 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.