GSJY vs. VOO
Compare and contrast key facts about Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) and Vanguard S&P 500 ETF (VOO).
GSJY and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both GSJY and VOO 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: GSJY or VOO.
Key characteristics
| GSJY | VOO | |
|---|---|---|
| YTD Return | 10.49% | 27.26% |
| 1Y Return | 17.60% | 37.86% |
| 3Y Return (Ann) | 2.24% | 10.35% |
| 5Y Return (Ann) | 4.89% | 16.03% |
| Sharpe Ratio | 1.08 | 3.25 |
| Sortino Ratio | 1.51 | 4.31 |
| Omega Ratio | 1.20 | 1.61 |
| Calmar Ratio | 1.27 | 4.74 |
| Martin Ratio | 5.04 | 21.63 |
| Ulcer Index | 3.67% | 1.85% |
| Daily Std Dev | 17.19% | 12.25% |
| Max Drawdown | -32.53% | -33.99% |
| Current Drawdown | -4.55% | 0.00% |
Correlation
The correlation between GSJY and VOO is 0.63, 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.
Performance
GSJY vs. VOO - Performance Comparison
In the year-to-date period, GSJY achieves a 10.49% return, which is significantly lower than VOO's 27.26% 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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GSJY vs. VOO - Expense Ratio Comparison
GSJY has a 0.25% expense ratio, which is higher than VOO's 0.03% 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
GSJY vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) and Vanguard S&P 500 ETF (VOO). 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
GSJY vs. VOO - Dividend Comparison
GSJY's dividend yield for the trailing twelve months is around 1.92%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSJY Goldman Sachs ActiveBeta Japan Equity ETF | 1.92% | 2.12% | 2.13% | 1.73% | 1.12% | 2.79% | 3.28% | 1.70% | 2.09% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
GSJY vs. VOO - Drawdown Comparison
The maximum GSJY drawdown since its inception was -32.53%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GSJY and VOO. For additional features, visit the drawdowns tool.
Volatility
GSJY vs. VOO - Volatility Comparison
Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) has a higher volatility of 4.63% compared to Vanguard S&P 500 ETF (VOO) at 3.92%. This indicates that GSJY's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.