PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
GSIE vs. EFAV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GSIE vs. EFAV

Last updated Aug 2, 2026
Documentation

GSIE (Goldman Sachs ActiveBeta International Equity ETF) and EFAV (iShares MSCI EAFE Min Vol Factor ETF) are both Foreign Large Cap Equities funds - GSIE tracks the Goldman Sachs ActiveBeta International Equity Index while EFAV tracks the MSCI EAFE Minimum Volatility (USD) Index. Both are passively managed. Over the past 10 years, GSIE returned 9.54%/yr vs 6.38%/yr for EFAV. Their correlation of 0.89 means they have usually moved in the same direction. GSIE charges 0.25%/yr vs 0.20%/yr for EFAV.

Performance

GSIE vs. EFAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs ActiveBeta International Equity ETF (GSIE) and iShares MSCI EAFE Min Vol Factor ETF (EFAV). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, GSIE achieves a 11.28% return, which is significantly higher than EFAV's 9.79% return. Over the past 10 years, GSIE has outperformed EFAV with an annualized return of 9.54%, while EFAV has yielded a comparatively lower 6.38% annualized return.

GSIE

1D
-0.64%
1M
2.31%
6M
7.16%
YTD
11.28%
1Y
24.11%
3Y*
17.11%
5Y*
9.07%
10Y*
9.54%
ALL TIME*
9.02%

EFAV

1D
-1.09%
1M
4.40%
6M
6.21%
YTD
9.79%
1Y
16.01%
3Y*
14.35%
5Y*
6.86%
10Y*
6.38%
ALL TIME*
7.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EFAV

iShares MSCI EAFE Min Vol Factor ETF
$54.17M$49.40M$45.31M

GSIE

Goldman Sachs ActiveBeta International Equity ETF
$17.78M$19.71M$20.28M

GSIE vs. EFAV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GSIE
Goldman Sachs ActiveBeta International Equity ETF		11.28%32.53%5.23%16.99%-15.86%13.27%7.45%22.83%-13.40%26.22%
EFAV
iShares MSCI EAFE Min Vol Factor ETF		9.79%26.00%5.30%12.52%-15.11%7.20%-0.06%16.67%-5.74%22.24%

Correlation

The correlation between GSIE and EFAV is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.76

Correlation (3Y)
Balances recent behavior with more history.

0.84

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.88

Correlation (10Y)
Provides a long-term view across more market conditions.

0.89

Correlation (All Time)
Calculated using the full available price history since Nov 10, 2015

0.89

The correlation between GSIE and EFAV shifts across timeframes, from 0.76 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

GSIE vs. EFAV - Sectors Allocation Comparison

Sectors
GSIE
EFAV

Financial Services

27.3%
19.7%

Industrials

18.6%
15.7%

Technology

10.6%
4.4%

Healthcare

9.6%
12.2%

Consumer Cyclical

8.6%
5.1%

Consumer Defensive

7.5%
12.6%

Basic Materials

5.4%
1.6%

Energy

4.2%
7.7%

Communication Services

3.8%
9.1%

Utilities

3.3%
9.0%

Real Estate

1.2%
2.9%

Financial Services

GSIE
27.3%
EFAV
19.7%

Industrials

GSIE
18.6%
EFAV
15.7%

Technology

GSIE
10.6%
EFAV
4.4%

Healthcare

GSIE
9.6%
EFAV
12.2%

Consumer Cyclical

GSIE
8.6%
EFAV
5.1%

Consumer Defensive

GSIE
7.5%
EFAV
12.6%

Basic Materials

GSIE
5.4%
EFAV
1.6%

Energy

GSIE
4.2%
EFAV
7.7%

Communication Services

GSIE
3.8%
EFAV
9.1%

Utilities

GSIE
3.3%
EFAV
9.0%

Real Estate

GSIE
1.2%
EFAV
2.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Goldman Sachs ActiveBeta International Equity ETF

iShares MSCI EAFE Min Vol Factor ETF

Often compared with GSIE:
GSIE vs. VXUSGSIE vs. DBAWGSIE vs. ICOWGSIE vs. QEFAGSIE vs. VEAGSIE vs. VOOGSIE vs. SCHF
Often compared with EFAV:
EFAV vs. EFVEFAV vs. EFAEFAV vs. ACWVEFAV vs. EEMVEFAV vs. USMVEFAV vs. EFASEFAV vs. SPLV

Return for Risk

GSIE vs. EFAV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
GSIE
GSIE Risk / Return Rank: 7070
Overall Rank
GSIE Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
GSIE Sortino Ratio Rank: 7272
Sortino Ratio Rank
GSIE Omega Ratio Rank: 7070
Omega Ratio Rank
GSIE Calmar Ratio Rank: 6464
Calmar Ratio Rank
GSIE Martin Ratio Rank: 7070
Martin Ratio Rank
EFAV
EFAV Risk / Return Rank: 6969
Overall Rank
EFAV Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
EFAV Sortino Ratio Rank: 7373
Sortino Ratio Rank
EFAV Omega Ratio Rank: 7373
Omega Ratio Rank
EFAV Calmar Ratio Rank: 7575
Calmar Ratio Rank
EFAV Martin Ratio Rank: 5252
Martin Ratio Rank
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.

GSIE vs. EFAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta International Equity ETF (GSIE) and iShares MSCI EAFE Min Vol Factor ETF (EFAV). 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.

GSIEEFAVDifference
Sharpe ratioReturn per unit of total volatility
1.64
1.64

0.00

Sortino ratioReturn per unit of downside risk
2.34
2.35

-0.01

Omega ratioGain probability vs. loss probability

1.29

1.30

-0.01

Calmar ratioReturn relative to maximum drawdown

2.22

2.62

-0.41

Martin ratioReturn relative to average drawdown

8.50

6.10

+2.40

GSIE vs. EFAV - Sharpe Ratio Comparison

The current GSIE Sharpe Ratio is 1.64, which is comparable to the EFAV Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of GSIE and EFAV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

GSIE vs. EFAV - Drawdown Comparison

The maximum GSIE drawdown since its inception was -34.63%, which is greater than EFAV's maximum drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for GSIE and EFAV.

Loading charts...

Drawdown Indicators

GSIEEFAVDifference

Max Drawdown

Largest peak-to-trough decline

-34.63%

-27.56%

-7.07%

Max Drawdown (1Y)

Largest decline over 1 year

-10.76%

-6.66%

-4.10%

Max Drawdown (3Y)

Largest decline over 3 years

-13.07%

-8.65%

-4.42%

Max Drawdown (5Y)

Largest decline over 5 years

-29.97%

-27.46%

-2.51%

Max Drawdown (10Y)

Largest decline over 10 years

-34.63%

-27.56%

-7.07%

Current Drawdown

Current decline from peak

-0.64%

-1.09%

+0.45%

Average Drawdown

Average peak-to-trough decline

-5.98%

-4.76%

-1.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.80%

2.86%

-0.06%

Volatility

GSIE vs. EFAV - Volatility Comparison

Goldman Sachs ActiveBeta International Equity ETF (GSIE) has a higher volatility of 4.12% compared to iShares MSCI EAFE Min Vol Factor ETF (EFAV) at 3.28%. This indicates that GSIE's price experiences larger fluctuations and is considered to be riskier than EFAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

GSIEEFAVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.12%

3.28%

+0.84%

Volatility (6M)

Calculated over the trailing 6-month period

12.49%

8.85%

+3.64%

Volatility (1Y)

Calculated over the trailing 1-year period

14.58%

10.67%

+3.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.12%

11.88%

+4.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.51%

13.03%

+3.48%

GSIE vs. EFAV - Expense Ratio Comparison

GSIE has a 0.25% expense ratio, which is higher than EFAV's 0.20% 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%.

Dividends

GSIE vs. EFAV - Dividend Comparison

GSIE's dividend yield for the trailing twelve months is around 2.50%, less than EFAV's 3.07% yield.

PositionTTM20252024202320222021202020192018201720162015
EFAV
iShares MSCI EAFE Min Vol Factor ETF		3.07%3.20%3.24%3.08%2.53%2.47%1.33%4.19%3.34%2.45%3.94%2.49%
GSIE
Goldman Sachs ActiveBeta International Equity ETF		2.50%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

GSIE and EFAV have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GSIE has higher volatility (4.12%) compared to EFAV (3.28%). In terms of maximum drawdown, GSIE dropped -34.63% vs EFAV's -27.56%.

On 10-year performance, GSIE leads with 9.54% vs 6.38% for EFAV. On fees, EFAV is cheaper at 0.20% per year. On volatility, EFAV has been the lower-risk option at 3.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, GSIE has performed better with a 9.54% return vs 6.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EFAV is cheaper with a 0.20% expense ratio, compared with 0.25% for GSIE.

EFAV has the higher dividend yield at 3.07%, compared with 2.50% for GSIE.

GSIE tracks Goldman Sachs ActiveBeta International Equity Index, while EFAV tracks MSCI EAFE Minimum Volatility (USD) Index. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.25% for GSIE and 0.20% for EFAV.

EFAV currently has the higher Sharpe Ratio (1.64 vs 1.64), 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.

Portfolio Optimizer

Find the right allocation for GSIE and EFAV

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer