GSID vs. IDHQ
GSID (Goldman Sachs MarketBeta International Equity ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both exchange-traded funds - GSID is a Foreign Large Cap Equities fund tracking the Solactive GBS Developed Markets ex North America Large & Mid Cap Index, while IDHQ is a Quality Factor fund tracking the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past 5 years, GSID returned 9.10%/yr vs 9.70%/yr for IDHQ. Their correlation of 0.91 means they have usually moved in the same direction. GSID charges 0.20%/yr vs 0.29%/yr for IDHQ.
Performance
GSID vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, GSID achieves a 11.93% return, which is significantly lower than IDHQ's 26.27% return.
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%
IDHQ
- 1D
- -1.04%
- 1M
- -0.18%
- 6M
- 17.73%
- YTD
- 26.27%
- 1Y
- 41.32%
- 3Y*
- 19.52%
- 5Y*
- 9.70%
- 10Y*
- 10.64%
- ALL TIME*
- 5.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.14M | $2.75M | $2.25M | |
| $5.89M | $6.19M | $5.51M |
GSID vs. IDHQ - 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% |
IDHQ Invesco S&P International Developed High Quality ETF | 26.27% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 33.29% |
Correlation
The correlation between GSID and IDHQ is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 15, 2020 | 0.91 |
The correlation between GSID and IDHQ has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
GSID vs. IDHQ — Risk / Return Rank
GSID
IDHQ
GSID vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta International Equity ETF (GSID) and Invesco S&P International Developed High Quality ETF (IDHQ). 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 | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 3.03 | -0.77 |
| Martin ratioReturn relative to average drawdown | 8.49 | 12.14 | -3.65 |
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Drawdowns
GSID vs. IDHQ - Drawdown Comparison
The maximum GSID drawdown since its inception was -29.89%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for GSID and IDHQ.
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Drawdown Indicators
| GSID | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.89% | -73.84% | +43.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | -13.44% | +2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -13.96% | -14.07% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -29.89% | -33.54% | +3.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.54% | — |
Current DrawdownCurrent decline from peak | -0.86% | -1.04% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -21.03% | +15.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 3.35% | -0.34% |
Volatility
GSID vs. IDHQ - Volatility Comparison
Goldman Sachs MarketBeta International Equity ETF (GSID) has a higher volatility of 4.80% compared to Invesco S&P International Developed High Quality ETF (IDHQ) at 4.17%. This indicates that GSID's price experiences larger fluctuations and is considered to be riskier than IDHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSID | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 4.17% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.74% | 18.92% | -5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.81% | 20.74% | -4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 17.85% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.32% | 17.97% | -1.65% |
GSID vs. IDHQ - Expense Ratio Comparison
GSID has a 0.20% expense ratio, which is lower than IDHQ's 0.29% expense ratio.
Dividends
GSID vs. IDHQ - Dividend Comparison
GSID's dividend yield for the trailing twelve months is around 2.43%, more than IDHQ's 2.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
IDHQ Invesco S&P International Developed High Quality ETF | 2.01% | 2.46% | 2.41% | 2.52% | 3.33% | 2.10% | 1.60% | 2.10% | 2.67% | 1.68% | 2.36% | 1.71% |
Frequently Asked Questions
With a correlation of 0.92, GSID and IDHQ 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.
GSID has higher volatility (4.80%) compared to IDHQ (4.17%). In terms of maximum drawdown, GSID dropped -29.89% vs IDHQ's -73.84%.
On 5-year performance, IDHQ leads with 9.70% vs 9.10% for GSID. On fees, GSID is cheaper at 0.20% per year. On volatility, IDHQ has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IDHQ has performed better with a 9.70% return vs 9.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSID is cheaper with a 0.20% expense ratio, compared with 0.29% for IDHQ.
GSID has the higher dividend yield at 2.43%, compared with 2.01% for IDHQ.
GSID is categorized as Foreign Large Cap Equities, while IDHQ is Quality Factor. GSID tracks Solactive GBS Developed Markets ex North America Large & Mid Cap Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: Goldman Sachs and Invesco. Their fees differ too: 0.20% for GSID and 0.29% for IDHQ.
IDHQ currently has the higher Sharpe Ratio (1.97 vs 1.62), 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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