GSIE vs. GSID

Last updated Jun 4, 2026

GSIE (Goldman Sachs ActiveBeta International Equity ETF) and GSID (Goldman Sachs MarketBeta International Equity ETF) are both Foreign Large Cap Equities funds from Goldman Sachs - GSIE tracks the Goldman Sachs ActiveBeta International Equity Index while GSID tracks the Solactive GBS Developed Markets ex North America Large & Mid Cap Index. Both are passively managed. Over the past 5 years, GSIE returned 8.04%/yr vs 8.15%/yr for GSID. With a 0.98 correlation, they move nearly in lockstep. GSIE charges 0.25%/yr vs 0.20%/yr for GSID.

Performance

GSIE vs. GSID - Performance Comparison

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

Returns By Period

In the year-to-date period, GSIE achieves a 6.51% return, which is significantly lower than GSID's 8.83% 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%

GSID

• 1D: -0.63%
• 1M: 3.68%
• YTD: 8.83%
• 6M: 11.31%
• 1Y: 22.00%
• 3Y*: 16.61%
• 5Y*: 8.15%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GSIE vs. GSID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GSIE Goldman Sachs ActiveBeta International Equity ETF	6.51%	32.53%	5.23%	16.99%	-15.86%	13.27%	34.99%
GSID Goldman Sachs MarketBeta International Equity ETF	8.83%	31.77%	3.60%	17.63%	-14.77%	10.67%	35.83%

Correlation

The correlation between GSIE and GSID is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since May 18, 2020	0.98

The correlation between GSIE and GSID has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

GSIE vs. GSID - Sectors Allocation Comparison

Sectors	GSIE	GSID
Financial Services	27.1%	24.1%
Industrials	18.0%	19.8%
Technology	9.5%	10.4%
Healthcare	9.1%	10.4%
Consumer Cyclical	9.1%	7.8%
Consumer Defensive	7.2%	6.7%
Basic Materials	5.8%	6.1%
Energy	4.4%	4.2%
Communication Services	3.8%	4.5%
Utilities	3.2%	3.9%
Real Estate	1.2%	2.2%

Return for Risk

GSIE vs. GSID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GSIE

GSIE Risk / Return Rank: 38
GSIE Sharpe Ratio Rank: 38
GSIE Sortino Ratio Rank: 38
GSIE Omega Ratio Rank: 37
GSIE Calmar Ratio Rank: 36
GSIE Martin Ratio Rank: 42

GSID

GSID Risk / Return Rank: 41
GSID Sharpe Ratio Rank: 41
GSID Sortino Ratio Rank: 42
GSID Omega Ratio Rank: 40
GSID Calmar Ratio Rank: 39
GSID Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GSIE vs. GSID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta International Equity ETF (GSIE) and Goldman Sachs MarketBeta International Equity ETF (GSID). 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	GSID	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.46	-0.09
Sortino ratio: Return per unit of downside risk	1.99	2.13	-0.14
Omega ratio: Gain probability vs. loss probability	1.25	1.26	-0.01
Calmar ratio: Return relative to maximum drawdown	1.81	1.95	-0.14
Martin ratio: Return relative to average drawdown	6.87	7.26	-0.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSIE vs. GSID - Sharpe Ratio Comparison

The current GSIE Sharpe Ratio is 1.38, which is comparable to the GSID Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of GSIE and GSID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GSIE	GSID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	1.46	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.50	0.00
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	0.88	-0.36

Drawdowns

GSIE vs. GSID - Drawdown Comparison

The maximum GSIE drawdown since its inception was -34.63%, which is greater than GSID's maximum drawdown of -29.89%. Use the drawdown chart below to compare losses from any high point for GSIE and GSID.

Drawdown Indicators

	GSIE	GSID	Difference
Max Drawdown Largest peak-to-trough decline	-34.63%	-29.89%	-4.74%
Max Drawdown (1Y) Largest decline over 1 year	-10.76%	-11.34%	+0.58%
Max Drawdown (3Y) Largest decline over 3 years	-13.07%	-13.96%	+0.89%
Max Drawdown (5Y) Largest decline over 5 years	-29.97%	-29.89%	-0.08%
Max Drawdown (10Y) Largest decline over 10 years	-34.63%	—	—
Current Drawdown Current decline from peak	-2.19%	-1.32%	-0.87%
Average Drawdown Average peak-to-trough decline	-6.06%	-5.73%	-0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	3.04%	-0.22%

Volatility

GSIE vs. GSID - Volatility Comparison

The current volatility for Goldman Sachs ActiveBeta International Equity ETF (GSIE) is 4.38%, while Goldman Sachs MarketBeta International Equity ETF (GSID) has a volatility of 4.72%. This indicates that GSIE experiences smaller price fluctuations and is considered to be less risky than GSID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSIE	GSID	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	4.72%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	12.54%	-0.94%
Volatility (1Y) Calculated over the trailing 1-year period	14.15%	15.11%	-0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.04%	16.23%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.75%	16.30%	+0.45%

GSIE vs. GSID - Expense Ratio Comparison

GSIE has a 0.25% expense ratio, which is higher than GSID'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. GSID - Dividend Comparison

GSIE's dividend yield for the trailing twelve months is around 2.52%, more than GSID's 2.43% 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%
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

Can I hold both GSIE and GSID in my portfolio?

With a correlation of 0.97, GSIE and GSID 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.

Which is riskier, GSIE or GSID?

GSID has higher volatility (4.72%) compared to GSIE (4.38%). In terms of maximum drawdown, GSIE dropped -34.63% vs GSID's -29.89%.

Which ETF is better, GSIE or GSID?

On 5-year performance, GSID leads with 8.15% vs 8.04% for GSIE. On fees, GSID is cheaper at 0.20% per year. On volatility, GSIE has been the lower-risk option at 4.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSIE or GSID?

Over the 5-year period, GSID has performed better with a 8.15% return vs 8.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSIE or GSID?

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

Which ETF pays a higher dividend yield, GSIE or GSID?

GSIE has the higher dividend yield at 2.52%, compared with 2.43% for GSID.

What is the main difference between GSIE and GSID?

GSIE tracks Goldman Sachs ActiveBeta International Equity Index, while GSID tracks Solactive GBS Developed Markets ex North America Large & Mid Cap Index. Their fees differ too: 0.25% for GSIE and 0.20% for GSID.

Which has better risk-adjusted returns?

GSID currently has the higher Sharpe Ratio (1.46 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.