GSJY vs. GSEU

Last updated Apr 2, 2026

Compare and contrast key facts about Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) and Goldman Sachs ActiveBeta Europe Equity ETF (GSEU).

GSJY and GSEU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSJY is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta Japan Equity Index. It was launched on Mar 2, 2016. GSEU is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta Europe Equity Index. It was launched on Mar 2, 2016. Both GSJY and GSEU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GSJY vs. GSEU - Performance Comparison

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

GSJY vs. GSEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSJY Goldman Sachs ActiveBeta Japan Equity ETF	7.13%	26.22%	8.89%	19.18%	-16.15%	0.41%	13.81%	18.29%	-11.56%	25.50%
GSEU Goldman Sachs ActiveBeta Europe Equity ETF	0.39%	35.70%	2.00%	20.74%	-17.90%	17.33%	6.64%	24.57%	-14.29%	26.97%

Returns By Period

In the year-to-date period, GSJY achieves a 7.13% return, which is significantly higher than GSEU's 0.39% return. Both investments have delivered pretty close results over the past 10 years, with GSJY having a 9.18% annualized return and GSEU not far behind at 8.98%.

GSJY

• 1D: 2.57%
• 1M: -3.83%
• YTD: 7.13%
• 6M: 12.44%
• 1Y: 33.14%
• 3Y*: 17.98%
• 5Y*: 7.56%
• 10Y*: 9.18%

GSEU

• 1D: 1.48%
• 1M: -4.54%
• YTD: 0.39%
• 6M: 5.00%
• 1Y: 22.46%
• 3Y*: 14.82%
• 5Y*: 8.87%
• 10Y*: 8.98%

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

GSJY vs. GSEU - Expense Ratio Comparison

Both GSJY and GSEU have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

GSJY

Goldman Sachs ActiveBeta Japan Equity ETF

GSEU

Goldman Sachs ActiveBeta Europe Equity ETF

Return for Risk

GSJY vs. GSEU — Risk / Return Rank

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

GSJY

GSJY Risk / Return Rank: 77
GSJY Sharpe Ratio Rank: 77
GSJY Sortino Ratio Rank: 79
GSJY Omega Ratio Rank: 76
GSJY Calmar Ratio Rank: 78
GSJY Martin Ratio Rank: 76

GSEU

GSEU Risk / Return Rank: 68
GSEU Sharpe Ratio Rank: 70
GSEU Sortino Ratio Rank: 69
GSEU Omega Ratio Rank: 68
GSEU Calmar Ratio Rank: 68
GSEU Martin Ratio Rank: 66

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.

GSJY vs. GSEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) and Goldman Sachs ActiveBeta Europe Equity ETF (GSEU). 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.

	GSJY	GSEU	Difference
Sharpe ratio Return per unit of total volatility	1.50	1.29	+0.21
Sortino ratio Return per unit of downside risk	2.11	1.82	+0.29
Omega ratio Gain probability vs. loss probability	1.30	1.26	+0.04
Calmar ratio Return relative to maximum drawdown	2.30	1.90	+0.40
Martin ratio Return relative to average drawdown	8.67	7.27	+1.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSJY vs. GSEU - Sharpe Ratio Comparison

The current GSJY Sharpe Ratio is 1.50, which is comparable to the GSEU Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of GSJY and GSEU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GSJY	GSEU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	1.29	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.52	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.50	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.50	+0.02

Correlation

The correlation between GSJY and GSEU is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GSJY vs. GSEU - Dividend Comparison

GSJY's dividend yield for the trailing twelve months is around 1.85%, less than GSEU's 2.71% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GSJY Goldman Sachs ActiveBeta Japan Equity ETF	1.85%	1.99%	1.64%	2.11%	2.13%	1.73%	1.22%	2.79%	3.28%	1.70%	2.09%
GSEU Goldman Sachs ActiveBeta Europe Equity ETF	2.71%	2.72%	2.35%	3.41%	3.34%	2.71%	1.84%	3.69%	3.40%	2.51%	2.74%

Drawdowns

GSJY vs. GSEU - Drawdown Comparison

The maximum GSJY drawdown since its inception was -32.53%, smaller than the maximum GSEU drawdown of -35.71%. Use the drawdown chart below to compare losses from any high point for GSJY and GSEU.

Drawdown Indicators

	GSJY	GSEU	Difference
Max Drawdown Largest peak-to-trough decline	-32.53%	-35.71%	+3.18%
Max Drawdown (1Y) Largest decline over 1 year	-14.08%	-11.90%	-2.18%
Max Drawdown (5Y) Largest decline over 5 years	-32.53%	-33.98%	+1.45%
Max Drawdown (10Y) Largest decline over 10 years	-32.53%	-35.71%	+3.18%
Current Drawdown Current decline from peak	-7.92%	-7.00%	-0.92%
Average Drawdown Average peak-to-trough decline	-7.62%	-6.66%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	3.11%	+0.62%

Volatility

GSJY vs. GSEU - Volatility Comparison

Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) has a higher volatility of 9.24% compared to Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) at 7.39%. This indicates that GSJY's price experiences larger fluctuations and is considered to be riskier than GSEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSJY	GSEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.24%	7.39%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	15.11%	10.96%	+4.15%
Volatility (1Y) Calculated over the trailing 1-year period	22.17%	17.44%	+4.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.96%	16.99%	+0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	18.03%	-1.06%