GSID vs. IEFA
Compare and contrast key facts about Goldman Sachs MarketBeta International Equity ETF (GSID) and iShares Core MSCI EAFE ETF (IEFA).
GSID and IEFA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSID is a passively managed fund by Goldman Sachs that tracks the performance of the Solactive GBS Developed Markets ex North America Large & Mid Cap Index. It was launched on May 12, 2020. IEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Investable Market Index. It was launched on Oct 18, 2012. Both GSID and IEFA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSID or IEFA.
Key characteristics
| GSID | IEFA | |
|---|---|---|
| YTD Return | 7.24% | 6.89% |
| 1Y Return | 12.92% | 12.78% |
| 3Y Return (Ann) | 3.14% | 2.96% |
| Sharpe Ratio | 1.10 | 1.09 |
| Daily Std Dev | 12.49% | 12.55% |
| Max Drawdown | -29.89% | -34.78% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between GSID and IEFA is 0.99, 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.
Performance
GSID vs. IEFA - Performance Comparison
The year-to-date returns for both stocks are quite close, with GSID having a 7.24% return and IEFA slightly lower at 6.89%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GSID vs. IEFA - Expense Ratio Comparison
GSID has a 0.20% expense ratio, which is higher than IEFA's 0.07% 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%.
Risk-Adjusted Performance
GSID vs. IEFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta International Equity ETF (GSID) and iShares Core MSCI EAFE ETF (IEFA). 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.
Dividends
GSID vs. IEFA - Dividend Comparison
GSID's dividend yield for the trailing twelve months is around 2.42%, less than IEFA's 2.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSID Goldman Sachs MarketBeta International Equity ETF | 2.42% | 2.59% | 2.57% | 2.93% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEFA iShares Core MSCI EAFE ETF | 2.99% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% | 3.10% | 2.16% |
Drawdowns
GSID vs. IEFA - Drawdown Comparison
The maximum GSID drawdown since its inception was -29.89%, smaller than the maximum IEFA drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for GSID and IEFA. For additional features, visit the drawdowns tool.
Volatility
GSID vs. IEFA - Volatility Comparison
Goldman Sachs MarketBeta International Equity ETF (GSID) and iShares Core MSCI EAFE ETF (IEFA) have volatilities of 3.12% and 3.21%, 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.