GTOP vs. GSIE
GTOP (Goldman Sachs Technology Opportunities ETF) and GSIE (Goldman Sachs ActiveBeta International Equity ETF) are both exchange-traded funds - GTOP is a Technology Equities fund actively managed by Goldman Sachs, while GSIE is a Foreign Large Cap Equities fund tracking the Goldman Sachs ActiveBeta International Equity Index. GTOP is actively managed, while GSIE is passively managed. A 0.63 correlation means they provide meaningful diversification when combined. GTOP charges 0.65%/yr vs 0.25%/yr for GSIE.
Performance
GTOP vs. GSIE - Performance Comparison
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Returns By Period
In the year-to-date period, GTOP achieves a 20.78% return, which is significantly higher than GSIE's 6.75% return.
GTOP
- 1D
- -3.08%
- 1M
- 1.37%
- YTD
- 20.78%
- 6M
- 19.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSIE
- 1D
- -1.48%
- 1M
- 0.12%
- YTD
- 6.75%
- 6M
- 6.28%
- 1Y
- 20.05%
- 3Y*
- 16.92%
- 5Y*
- 8.20%
- 10Y*
- 9.81%
GTOP vs. GSIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GTOP Goldman Sachs Technology Opportunities ETF | 20.78% | -1.02% |
GSIE Goldman Sachs ActiveBeta International Equity ETF | 6.75% | 2.47% |
Correlation
The correlation between GTOP and GSIE is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 8, 2025 | 0.63 |
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Return for Risk
GTOP vs. GSIE — Risk / Return Rank
GTOP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GSIE
GTOP vs. GSIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Technology Opportunities ETF (GTOP) 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.
| GTOP | GSIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.87 | — |
| Martin ratioReturn relative to average drawdown | — | 7.06 | — |
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Drawdowns
GTOP vs. GSIE - Drawdown Comparison
The maximum GTOP drawdown since its inception was -14.47%, smaller than the maximum GSIE drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for GTOP and GSIE.
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Drawdown Indicators
| GTOP | GSIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.47% | -34.63% | +20.16% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.76% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.07% | — |
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 | -5.56% | -1.97% | -3.59% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -6.03% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.85% | — |
Volatility
GTOP vs. GSIE - Volatility Comparison
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Volatility by Period
| GTOP | GSIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.17% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.61% | 14.54% | +10.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.61% | 16.12% | +8.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.61% | 16.54% | +8.07% |
GTOP vs. GSIE - Expense Ratio Comparison
GTOP has a 0.65% expense ratio, which is higher than GSIE's 0.25% expense ratio.
Dividends
GTOP vs. GSIE - Dividend Comparison
GTOP has not paid dividends to shareholders, while GSIE's dividend yield for the trailing twelve months is around 2.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSIE Goldman Sachs ActiveBeta International Equity ETF | 2.52% | 2.65% | 3.11% | 2.87% | 3.01% | 2.40% | 1.60% | 2.80% | 2.68% | 2.31% | 2.15% | 0.13% |
GTOP Goldman Sachs Technology Opportunities ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GTOP and GSIE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GSIE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GSIE is cheaper with a 0.25% expense ratio, compared with 0.65% for GTOP.
GSIE has the higher dividend yield at 2.52%, compared with 0.00% for GTOP.
GTOP is categorized as Technology Equities, while GSIE is Foreign Large Cap Equities. Their fees differ too: 0.65% for GTOP and 0.25% for GSIE.
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