GSIE vs. VEA
Compare and contrast key facts about Goldman Sachs ActiveBeta International Equity ETF (GSIE) and Vanguard FTSE Developed Markets ETF (VEA).
GSIE and VEA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSIE is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta International Equity Index. It was launched on Nov 6, 2015. VEA is a passively managed fund by Vanguard that tracks the performance of the MSCI EAFE Index. It was launched on Jul 20, 2007. Both GSIE and VEA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSIE or VEA.
Key characteristics
| GSIE | VEA | |
|---|---|---|
| YTD Return | 6.13% | 4.41% |
| 1Y Return | 13.24% | 12.40% |
| 3Y Return (Ann) | 1.05% | 0.86% |
| 5Y Return (Ann) | 5.46% | 5.70% |
| Sharpe Ratio | 1.29 | 1.18 |
| Sortino Ratio | 1.87 | 1.70 |
| Omega Ratio | 1.22 | 1.21 |
| Calmar Ratio | 1.57 | 1.56 |
| Martin Ratio | 7.07 | 6.25 |
| Ulcer Index | 2.28% | 2.47% |
| Daily Std Dev | 12.46% | 13.11% |
| Max Drawdown | -34.63% | -60.70% |
| Current Drawdown | -7.13% | -7.84% |
Correlation
The correlation between GSIE and VEA is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GSIE vs. VEA - Performance Comparison
In the year-to-date period, GSIE achieves a 6.13% return, which is significantly higher than VEA's 4.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GSIE vs. VEA - Expense Ratio Comparison
GSIE has a 0.25% expense ratio, which is higher than VEA's 0.05% 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%.
Risk-Adjusted Performance
GSIE vs. VEA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta International Equity ETF (GSIE) and Vanguard FTSE Developed Markets ETF (VEA). 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.
Dividends
GSIE vs. VEA - Dividend Comparison
GSIE's dividend yield for the trailing twelve months is around 2.84%, less than VEA's 3.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSIE Goldman Sachs ActiveBeta International Equity ETF | 2.84% | 2.87% | 3.01% | 2.40% | 1.24% | 2.80% | 2.68% | 2.31% | 2.15% | 0.13% | 0.00% | 0.00% |
VEA Vanguard FTSE Developed Markets ETF | 3.06% | 3.16% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% | 3.68% | 2.60% |
Drawdowns
GSIE vs. VEA - Drawdown Comparison
The maximum GSIE drawdown since its inception was -34.63%, smaller than the maximum VEA drawdown of -60.70%. Use the drawdown chart below to compare losses from any high point for GSIE and VEA. For additional features, visit the drawdowns tool.
Volatility
GSIE vs. VEA - Volatility Comparison
Goldman Sachs ActiveBeta International Equity ETF (GSIE) and Vanguard FTSE Developed Markets ETF (VEA) have volatilities of 3.74% and 3.77%, 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.