GSIE vs. IDHQ
GSIE (Goldman Sachs ActiveBeta International Equity ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both exchange-traded funds - GSIE is a Foreign Large Cap Equities fund tracking the Goldman Sachs ActiveBeta International Equity Index, while IDHQ is a Quality Factor fund tracking the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past 10 years, GSIE returned 9.54%/yr vs 10.64%/yr for IDHQ. Their correlation of 0.86 means they have usually moved in the same direction. GSIE charges 0.25%/yr vs 0.29%/yr for IDHQ.
Performance
GSIE vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, GSIE achieves a 11.28% return, which is significantly lower than IDHQ's 26.27% return. Over the past 10 years, GSIE has underperformed IDHQ with an annualized return of 9.54%, while IDHQ has yielded a comparatively higher 10.64% 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%
IDHQ
- 1D
- -1.04%
- 1M
- -0.18%
- 6M
- 17.73%
- YTD
- 26.27%
- 1Y
- 41.32%
- 3Y*
- 19.52%
- 5Y*
- 9.70%
- 10Y*
- 10.64%
- ALL TIME*
- 5.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $17.78M | $19.71M | $20.28M | |
| $5.89M | $6.19M | $5.51M |
GSIE vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IDHQ Invesco S&P International Developed High Quality ETF | 26.27% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 28.16% |
Correlation
The correlation between GSIE and IDHQ is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2015 | 0.86 |
The correlation between GSIE and IDHQ has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
GSIE vs. IDHQ — Risk / Return Rank
GSIE
IDHQ
GSIE vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta International Equity ETF (GSIE) and Invesco S&P International Developed High Quality ETF (IDHQ). 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.
| GSIE | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 3.03 | -0.81 |
| Martin ratioReturn relative to average drawdown | 8.50 | 12.14 | -3.64 |
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Drawdowns
GSIE vs. IDHQ - Drawdown Comparison
The maximum GSIE drawdown since its inception was -34.63%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for GSIE and IDHQ.
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Drawdown Indicators
| GSIE | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.63% | -73.84% | +39.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -13.44% | +2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -13.07% | -14.07% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -29.97% | -33.54% | +3.57% |
Max Drawdown (10Y)Largest decline over 10 years | -34.63% | -33.54% | -1.09% |
Current DrawdownCurrent decline from peak | -0.64% | -1.04% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -21.03% | +15.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 3.35% | -0.55% |
Volatility
GSIE vs. IDHQ - Volatility Comparison
Goldman Sachs ActiveBeta International Equity ETF (GSIE) and Invesco S&P International Developed High Quality ETF (IDHQ) have volatilities of 4.12% and 4.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSIE | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 4.17% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.49% | 18.92% | -6.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.58% | 20.74% | -6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 17.85% | -1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.51% | 17.97% | -1.46% |
GSIE vs. IDHQ - Expense Ratio Comparison
GSIE has a 0.25% expense ratio, which is lower than IDHQ's 0.29% expense ratio.
Dividends
GSIE vs. IDHQ - Dividend Comparison
GSIE's dividend yield for the trailing twelve months is around 2.50%, more than IDHQ's 2.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IDHQ Invesco S&P International Developed High Quality ETF | 2.01% | 2.46% | 2.41% | 2.52% | 3.33% | 2.10% | 1.60% | 2.10% | 2.67% | 1.68% | 2.36% | 1.71% |
Frequently Asked Questions
GSIE and IDHQ have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDHQ has higher volatility (4.17%) compared to GSIE (4.12%). In terms of maximum drawdown, GSIE dropped -34.63% vs IDHQ's -73.84%.
On 10-year performance, IDHQ leads with 10.64% vs 9.54% for GSIE. On fees, GSIE is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IDHQ has performed better with a 10.64% return vs 9.54%. 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 0.29% for IDHQ.
GSIE has the higher dividend yield at 2.50%, compared with 2.01% for IDHQ.
GSIE is categorized as Foreign Large Cap Equities, while IDHQ is Quality Factor. GSIE tracks Goldman Sachs ActiveBeta International Equity Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: Goldman Sachs and Invesco. Their fees differ too: 0.25% for GSIE and 0.29% for IDHQ.
IDHQ currently has the higher Sharpe Ratio (1.97 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.
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