GSWO vs. GSIE
GSWO (Goldman Sachs ActiveBeta World Equity ETF) and GSIE (Goldman Sachs ActiveBeta International Equity ETF) are both exchange-traded funds - GSWO is a Global Equities fund tracking the Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net, while GSIE is a Foreign Large Cap Equities fund tracking the Goldman Sachs ActiveBeta International Equity Index. Both are passively managed. Over the past 3 years, GSWO returned 17.22%/yr vs 17.11%/yr for GSIE. Their correlation of 0.84 means they have usually moved in the same direction. Both charge a 0.25% expense ratio.
Performance
GSWO vs. GSIE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GSWO having a 11.27% return and GSIE slightly higher at 11.28%.
GSWO
- 1D
- 0.25%
- 1M
- 0.52%
- 6M
- 9.36%
- YTD
- 11.27%
- 1Y
- 19.28%
- 3Y*
- 17.22%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.38%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $17.78M | $19.71M | $20.28M | |
| $3.19M | $3.35M | $3.82M |
GSWO vs. GSIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GSWO Goldman Sachs ActiveBeta World Equity ETF | 11.27% | 18.97% | 15.29% | 16.28% | -6.15% |
GSIE Goldman Sachs ActiveBeta International Equity ETF | 11.28% | 32.53% | 5.23% | 16.99% | -8.55% |
Correlation
The correlation between GSWO and GSIE is 0.83, 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. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.84 |
The correlation between GSWO and GSIE has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
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Return for Risk
GSWO vs. GSIE — Risk / Return Rank
GSWO
GSIE
GSWO vs. GSIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta World Equity ETF (GSWO) and Goldman Sachs ActiveBeta International Equity ETF (GSIE). 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.
| GSWO | GSIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.22 | -0.14 |
| Martin ratioReturn relative to average drawdown | 9.46 | 8.50 | +0.96 |
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Drawdowns
GSWO vs. GSIE - Drawdown Comparison
The maximum GSWO drawdown since its inception was -17.77%, smaller than the maximum GSIE drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for GSWO and GSIE.
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Drawdown Indicators
| GSWO | GSIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -34.63% | +16.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -10.76% | +1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -9.97% | -13.07% | +3.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.63% | — |
Current DrawdownCurrent decline from peak | -0.62% | -0.64% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -3.18% | -5.98% | +2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.80% | -0.84% |
Volatility
GSWO vs. GSIE - Volatility Comparison
The current volatility for Goldman Sachs ActiveBeta World Equity ETF (GSWO) is 3.63%, while Goldman Sachs ActiveBeta International Equity ETF (GSIE) has a volatility of 4.12%. This indicates that GSWO experiences smaller price fluctuations and is considered to be less risky than GSIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSWO | GSIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 4.12% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 10.52% | 12.49% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 14.58% | -2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.04% | 16.12% | -3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.04% | 16.51% | -3.47% |
GSWO vs. GSIE - Expense Ratio Comparison
Both GSWO and GSIE 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%.
Dividends
GSWO vs. GSIE - Dividend Comparison
GSWO's dividend yield for the trailing twelve months is around 1.53%, less than GSIE's 2.50% 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% |
GSWO Goldman Sachs ActiveBeta World Equity ETF | 1.53% | 1.74% | 1.75% | 2.06% | 1.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GSWO and GSIE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSIE has higher volatility (4.12%) compared to GSWO (3.63%). In terms of maximum drawdown, GSWO dropped -17.77% vs GSIE's -34.63%.
On 3-year performance, GSWO leads with 17.22% vs 17.11% for GSIE. Both ETFs have the same 0.25% expense ratio. On volatility, GSWO has been the lower-risk option at 3.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GSWO has performed better with a 17.22% return vs 17.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSWO and GSIE have the same expense ratio: 0.25% per year.
GSIE has the higher dividend yield at 2.50%, compared with 1.53% for GSWO.
GSWO is categorized as Global Equities, while GSIE is Foreign Large Cap Equities. GSWO tracks Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net, while GSIE tracks Goldman Sachs ActiveBeta International Equity Index.
GSIE currently has the higher Sharpe Ratio (1.64 vs 1.57), 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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