GSIE vs. GTPE

Last updated Jun 4, 2026

GSIE (Goldman Sachs ActiveBeta International Equity ETF) and GTPE (Goldman Sachs MSCI World Private Equity Return Tracker ETF) are both exchange-traded funds - GSIE is a Foreign Large Cap Equities fund tracking the Goldman Sachs ActiveBeta International Equity Index, while GTPE is a Global Equities fund tracking the MSCI World Private Equity Return Tracker Index. Both are passively managed. Their correlation of 0.80 suggests significant overlap in exposure. GSIE charges 0.25%/yr vs 0.50%/yr for GTPE.

Performance

GSIE vs. GTPE - 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 MSCI World Private Equity Return Tracker ETF (GTPE). 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 GTPE's 19.43% 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%

GTPE

• 1D: -0.09%
• 1M: 9.33%
• YTD: 19.43%
• 6M: 20.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSIE vs. GTPE - Yearly Performance Comparison

	2026 (YTD)	2025
GSIE Goldman Sachs ActiveBeta International Equity ETF	6.51%	4.20%
GTPE Goldman Sachs MSCI World Private Equity Return Tracker ETF	19.43%	2.66%

Correlation

The correlation between GSIE and GTPE is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025	0.80

Return for Risk

GSIE vs. GTPE — 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

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. GTPE - 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 MSCI World Private Equity Return Tracker ETF (GTPE). 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	GTPE	Difference
Sharpe ratio: Return per unit of total volatility	1.38	—	—
Sortino ratio: Return per unit of downside risk	1.99	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.81	—	—
Martin ratio: Return relative to average drawdown	6.87	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GSIE	GTPE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	—	—
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	2.34	-1.82

Drawdowns

GSIE vs. GTPE - Drawdown Comparison

The maximum GSIE drawdown since its inception was -34.63%, which is greater than GTPE's maximum drawdown of -8.91%. Use the drawdown chart below to compare losses from any high point for GSIE and GTPE.

Drawdown Indicators

	GSIE	GTPE	Difference
Max Drawdown Largest peak-to-trough decline	-34.63%	-8.91%	-25.72%
Max Drawdown (1Y) Largest decline over 1 year	-10.76%	—	—
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 Drawdown Current decline from peak	-2.19%	-0.09%	-2.10%
Average Drawdown Average peak-to-trough decline	-6.06%	-1.66%	-4.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	—	—

Volatility

Volatility by Period

	GSIE	GTPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.60%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.15%	17.21%	-3.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.04%	17.21%	-1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.75%	17.21%	-0.46%

GSIE vs. GTPE - Expense Ratio Comparison

GSIE has a 0.25% expense ratio, which is lower than GTPE's 0.50% expense ratio.

Dividends

GSIE vs. GTPE - Dividend Comparison

GSIE's dividend yield for the trailing twelve months is around 2.52%, while GTPE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
GTPE Goldman Sachs MSCI World Private Equity Return Tracker 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%

Frequently Asked Questions

Can I hold both GSIE and GTPE in my portfolio?

GSIE and GTPE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GSIE or GTPE?

On fees, GSIE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GSIE or GTPE?

GSIE is cheaper with a 0.25% expense ratio, compared with 0.50% for GTPE.

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

GSIE has the higher dividend yield at 2.52%, compared with 0.00% for GTPE.

What is the main difference between GSIE and GTPE?

GSIE is categorized as Foreign Large Cap Equities, while GTPE is Global Equities. GSIE tracks Goldman Sachs ActiveBeta International Equity Index, while GTPE tracks MSCI World Private Equity Return Tracker Index. Their fees differ too: 0.25% for GSIE and 0.50% for GTPE.