WAESX vs. GSEE
WAESX (Wasatch Emerging Markets Select Fund) and GSEE (Goldman Sachs MarketBeta Emerging Markets Equity ETF) are both Emerging Markets Equities funds. Over the past 5 years, WAESX returned -1.37%/yr vs 7.36%/yr for GSEE. Their 0.75 correlation means they have sometimes moved together and sometimes differently. WAESX charges 1.32%/yr vs 0.36%/yr for GSEE.
Performance
WAESX vs. GSEE - Performance Comparison
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Returns By Period
In the year-to-date period, WAESX achieves a 5.76% return, which is significantly lower than GSEE's 17.18% return.
WAESX
- 1D
- 2.34%
- 1M
- -4.75%
- 6M
- 5.47%
- YTD
- 5.76%
- 1Y
- 13.82%
- 3Y*
- 7.67%
- 5Y*
- -1.37%
- 10Y*
- 7.62%
- ALL TIME*
- 4.85%
GSEE
- 1D
- 0.71%
- 1M
- -2.59%
- 6M
- 7.84%
- YTD
- 17.18%
- 1Y
- 33.85%
- 3Y*
- 17.89%
- 5Y*
- 7.36%
- 10Y*
- —
- ALL TIME*
- 12.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $245.60K | $176.21K | $183.66K | |
| $0.00 | $0.00 | $0.00 |
WAESX vs. GSEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WAESX Wasatch Emerging Markets Select Fund | 5.76% | 10.56% | -0.12% | 17.52% | -37.38% | 21.34% | 69.96% |
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF | 17.18% | 33.38% | 4.94% | 11.03% | -19.57% | -2.61% | 43.54% |
Correlation
The correlation between WAESX and GSEE is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 15, 2020 | 0.75 |
The correlation between WAESX and GSEE has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.
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Return for Risk
WAESX vs. GSEE — Risk / Return Rank
WAESX
GSEE
WAESX vs. GSEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Emerging Markets Select Fund (WAESX) and Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE). 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.
| WAESX | GSEE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.27 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.38 | -1.22 |
| Martin ratioReturn relative to average drawdown | 3.80 | 7.35 | -3.54 |
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Drawdowns
WAESX vs. GSEE - Drawdown Comparison
The maximum WAESX drawdown since its inception was -45.85%, which is greater than GSEE's maximum drawdown of -37.51%. Use the drawdown chart below to compare losses from any high point for WAESX and GSEE.
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Drawdown Indicators
| WAESX | GSEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.85% | -37.51% | -8.34% |
Max Drawdown (1Y)Largest decline over 1 year | -11.18% | -14.07% | +2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -21.75% | -17.39% | -4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | -32.16% | -13.69% |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | — | — |
Current DrawdownCurrent decline from peak | -19.42% | -10.05% | -9.37% |
Average DrawdownAverage peak-to-trough decline | -16.63% | -14.52% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 4.54% | -1.16% |
Volatility
WAESX vs. GSEE - Volatility Comparison
The current volatility for Wasatch Emerging Markets Select Fund (WAESX) is 6.73%, while Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) has a volatility of 8.69%. This indicates that WAESX experiences smaller price fluctuations and is considered to be less risky than GSEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAESX | GSEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.73% | 8.69% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 16.24% | 21.57% | -5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.77% | 23.76% | -4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.34% | 19.11% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.86% | 19.03% | +0.83% |
WAESX vs. GSEE - Expense Ratio Comparison
WAESX has a 1.32% expense ratio, which is higher than GSEE's 0.36% expense ratio.
Dividends
WAESX vs. GSEE - Dividend Comparison
WAESX has not paid dividends to shareholders, while GSEE's dividend yield for the trailing twelve months is around 2.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF | 2.16% | 2.53% | 2.79% | 3.07% | 3.05% | 6.10% | 2.41% |
WAESX Wasatch Emerging Markets Select Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.42% | 0.00% |
Frequently Asked Questions
WAESX and GSEE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSEE has higher volatility (8.69%) compared to WAESX (6.73%). In terms of maximum drawdown, WAESX dropped -45.85% vs GSEE's -37.51%.
GSEE currently has the higher Sharpe Ratio (1.41 vs 0.69), 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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