GSIE vs. BUFI
GSIE (Goldman Sachs ActiveBeta International Equity ETF) and BUFI (AB International Buffer ETF) are both exchange-traded funds - GSIE is a Foreign Large Cap Equities fund tracking the Goldman Sachs ActiveBeta International Equity Index, while BUFI is a Defined Outcome fund actively managed by AllianceBernstein. GSIE is passively managed, while BUFI is actively managed. Over the past year, GSIE returned 19.35% vs 12.80% for BUFI. With a 0.96 correlation, they move nearly in lockstep. GSIE charges 0.25%/yr vs 0.69%/yr for BUFI.
Performance
GSIE vs. BUFI - Performance Comparison
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Returns By Period
In the year-to-date period, GSIE achieves a 6.51% return, which is significantly higher than BUFI's 4.92% return.
GSIE
- 1D
- -0.83%
- 1M
- 2.22%
- YTD
- 6.51%
- 6M
- 9.50%
- 1Y
- 19.35%
- 3Y*
- 16.74%
- 5Y*
- 8.04%
- 10Y*
- 9.08%
BUFI
- 1D
- -0.31%
- 1M
- 1.83%
- YTD
- 4.92%
- 6M
- 6.32%
- 1Y
- 12.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSIE vs. BUFI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GSIE Goldman Sachs ActiveBeta International Equity ETF | 6.51% | 32.53% | -3.39% |
BUFI AB International Buffer ETF | 4.92% | 16.50% | -1.31% |
Correlation
The correlation between GSIE and BUFI is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024 | 0.96 |
The correlation between GSIE and BUFI has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.
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Return for Risk
GSIE vs. BUFI — Risk / Return Rank
GSIE
BUFI
GSIE vs. BUFI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta International Equity ETF (GSIE) and AB International Buffer ETF (BUFI). 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.
| GSIE | BUFI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.26 | -0.45 |
| Martin ratioReturn relative to average drawdown | 6.87 | 8.98 | -2.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GSIE | BUFI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.53 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 1.50 | -0.98 |
Drawdowns
GSIE vs. BUFI - Drawdown Comparison
The maximum GSIE drawdown since its inception was -34.63%, which is greater than BUFI's maximum drawdown of -7.43%. Use the drawdown chart below to compare losses from any high point for GSIE and BUFI.
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Drawdown Indicators
| GSIE | BUFI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.63% | -7.43% | -27.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -5.69% | -5.07% |
Max Drawdown (3Y)Largest decline over 3 years | -13.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.63% | — | — |
Current DrawdownCurrent decline from peak | -2.19% | -0.32% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -0.86% | -5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 1.43% | +1.39% |
Volatility
GSIE vs. BUFI - Volatility Comparison
Goldman Sachs ActiveBeta International Equity ETF (GSIE) has a higher volatility of 4.38% compared to AB International Buffer ETF (BUFI) at 2.20%. This indicates that GSIE's price experiences larger fluctuations and is considered to be riskier than BUFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSIE | BUFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 2.20% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | 7.05% | +4.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 8.43% | +5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 9.15% | +6.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 9.15% | +7.60% |
GSIE vs. BUFI - Expense Ratio Comparison
GSIE has a 0.25% expense ratio, which is lower than BUFI's 0.69% expense ratio.
Dividends
GSIE vs. BUFI - Dividend Comparison
GSIE's dividend yield for the trailing twelve months is around 2.52%, while BUFI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUFI AB International Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GSIE Goldman Sachs ActiveBeta International Equity ETF | 2.52% | 2.65% | 3.11% | 2.87% | 3.01% | 2.40% | 1.60% | 2.80% | 2.68% | 2.31% | 2.15% | 0.13% |
Frequently Asked Questions
With a correlation of 0.96, GSIE and BUFI 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.
GSIE has higher volatility (4.38%) compared to BUFI (2.20%). In terms of maximum drawdown, GSIE dropped -34.63% vs BUFI's -7.43%.
On 1-year performance, GSIE leads with 19.35% vs 12.80% for BUFI. On fees, GSIE is cheaper at 0.25% per year. On volatility, BUFI has been the lower-risk option at 2.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GSIE has performed better with a 19.35% return vs 12.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSIE is cheaper with a 0.25% expense ratio, compared with 0.69% for BUFI.
GSIE has the higher dividend yield at 2.52%, compared with 0.00% for BUFI.
GSIE is categorized as Foreign Large Cap Equities, while BUFI is Defined Outcome. They also come from different issuers: Goldman Sachs and AllianceBernstein. Their fees differ too: 0.25% for GSIE and 0.69% for BUFI.
BUFI currently has the higher Sharpe Ratio (1.53 vs 1.38), 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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