GSIE vs. FSNVX
GSIE (Goldman Sachs ActiveBeta International Equity ETF) and FSNVX (Fidelity Freedom 2040 Fund Class K) are both funds - GSIE is a Foreign Large Cap Equities fund tracking the Goldman Sachs ActiveBeta International Equity Index, while FSNVX is a Target Retirement Date fund managed by Fidelity. Over the past 5 years, GSIE returned 8.04%/yr vs 10.16%/yr for FSNVX. Their correlation of 0.90 suggests significant overlap in exposure. GSIE charges 0.25%/yr vs 0.65%/yr for FSNVX.
Performance
GSIE vs. FSNVX - Performance Comparison
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Returns By Period
In the year-to-date period, GSIE achieves a 6.51% return, which is significantly lower than FSNVX's 12.13% 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%
FSNVX
- 1D
- 0.56%
- 1M
- 4.48%
- YTD
- 12.13%
- 6M
- 13.76%
- 1Y
- 28.03%
- 3Y*
- 20.23%
- 5Y*
- 10.16%
- 10Y*
- —
GSIE vs. FSNVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSIE Goldman Sachs ActiveBeta International Equity ETF | 6.51% | 32.53% | 5.23% | 16.99% | -15.86% | 13.27% | 7.45% | 22.83% | -13.40% | 7.46% |
FSNVX Fidelity Freedom 2040 Fund Class K | 12.13% | 22.12% | 16.08% | 20.08% | -18.17% | 16.62% | 18.44% | 25.49% | -8.87% | 7.42% |
Correlation
The correlation between GSIE and FSNVX is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2017 | 0.90 |
The correlation between GSIE and FSNVX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
GSIE vs. FSNVX — Risk / Return Rank
GSIE
FSNVX
GSIE vs. FSNVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta International Equity ETF (GSIE) and Fidelity Freedom 2040 Fund Class K (FSNVX). 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 | FSNVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.47 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 3.28 | -1.48 |
| Martin ratioReturn relative to average drawdown | 6.87 | 14.46 | -7.59 |
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 | FSNVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.51 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.71 | -0.21 |
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 | 0.75 | -0.23 |
Drawdowns
GSIE vs. FSNVX - Drawdown Comparison
The maximum GSIE drawdown since its inception was -34.63%, which is greater than FSNVX's maximum drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for GSIE and FSNVX.
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Drawdown Indicators
| GSIE | FSNVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.63% | -30.96% | -3.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -8.71% | -2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -13.07% | -14.08% | +1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -29.97% | -27.21% | -2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -34.63% | — | — |
Current DrawdownCurrent decline from peak | -2.19% | 0.00% | -2.19% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -5.58% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 1.97% | +0.85% |
Volatility
GSIE vs. FSNVX - Volatility Comparison
Goldman Sachs ActiveBeta International Equity ETF (GSIE) has a higher volatility of 4.38% compared to Fidelity Freedom 2040 Fund Class K (FSNVX) at 3.77%. This indicates that GSIE's price experiences larger fluctuations and is considered to be riskier than FSNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSIE | FSNVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 3.77% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | 9.35% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 11.40% | +2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 14.36% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 15.64% | +1.11% |
GSIE vs. FSNVX - Expense Ratio Comparison
GSIE has a 0.25% expense ratio, which is lower than FSNVX's 0.65% expense ratio.
Dividends
GSIE vs. FSNVX - Dividend Comparison
GSIE's dividend yield for the trailing twelve months is around 2.52%, less than FSNVX's 6.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSNVX Fidelity Freedom 2040 Fund Class K | 6.36% | 5.08% | 5.22% | 1.85% | 12.39% | 12.13% | 5.74% | 6.76% | 8.06% | 3.10% | 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
GSIE and FSNVX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSIE has higher volatility (4.38%) compared to FSNVX (3.77%). In terms of maximum drawdown, GSIE dropped -34.63% vs FSNVX's -30.96%.
FSNVX currently has the higher Sharpe Ratio (2.51 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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