GSEE
Goldman Sachs MarketBeta Emerging Markets Equity ETF
GSEE tracks an index of emerging markets equities, selected and weighted by market capitalization.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 153.7 M
ASSETS UNDER MGMT
36 bp
EXPENSES
Fund Basics
| Inception date | May 12, 2020 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 10.9 % |
| TENCENT HOLDINGS LTD | 4.2 % |
| SAMSUNG ELECTRONICS CO LTD | 3.6 % |
| RELIANCE INDS-SPONS GDR 144A | 3.0 % |
| ALIBABA GROUP HOLDING LTD. | 2.7 % |
| HYNIX SEMICONDUCTOR INC | 2.2 % |
| HDFC BANK LIMITED | 1.2 % |
| CHINA CONSTRUCTION BANK-H | 0.9 % |
| INTERNATIONAL HOLDINGS COMPANY PJSC | 0.9 % |
| HON HAI PRECISION INDUSTRY | 0.8 % |
Constituent Breakdown
| Number of holdings | 2003 |
| Herfindahl-Hirschman Index | 185 |
| Wgt avg mkt cap (mns) | $254,949 |
| Large cap (>$10bn) | 73.9% |
| Mid cap ($2-10bn) | 14.5% |
| Small cap (<$2bn) | 1.0% |
| Developed mkts. | 2.4% |
| Emerging mkts. | 90.6% |
Sector Breakdown
Country Exposure
 |
CHINA | 23.8 % |
 |
TAIWAN | 19.8 % |
 |
INDIA | 16.0 % |
 |
SOUTH KOREA | 12.8 % |
 |
BRAZIL | 3.3 % |
 |
SAUDI ARABIA | 2.8 % |
 |
SOUTH AFRICA | 2.7 % |
 |
UAE | 2.0 % |
 |
MEXICO | 1.7 % |
 |
THAILAND | 1.2 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.9% | 29.6% | 16.3% | 13.1% | 0.7% | -- | -- | 7.0% |
| Dividend Yield | 0.0% | 3.3% | 3.1% | 2.7% | 3.5% | -- | -- | 3.7% |
| Total Returns | 3.9% | 32.9% | 19.3% | 15.8% | 4.2% | -- | -- | 10.7% | Ann. Volatility | 24.6% | 19.6% | 17.6% | 16.5% | 17.7% | -- | -- | 18.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.77 | 56% |
| MSCI EAFE | 0.92 | 69% |
| MSCI Emg Mkts | 0.96 | 97% |
Liquidity Measures
| Avg. volume (000) | 6 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.80% |
Technical Indicators
| 30d moving avg. (EMA) | $60.04 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 0.13/-0.44 |
| Bollinger Bands (Upper/Lower) | $62.58/$56.10 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GSEE |
Expenses vs. GSEE |
ALTAR Score™ vs. GSEE |
|---|---|---|---|---|
| BKEM | BNY Mellon Emerging Markets Equity ETF | 90.0% | -25 bp | +0.3% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 85.1% | -21 bp | +0.5% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 85.0% | +30 bp | -0.3% |
| EEM | iShares MSCI Emerging Markets ETF | 74.9% | +33 bp | +0.3% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 74.6% | -17 bp | -0.4% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 72.7% | -6 bp | +0.5% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 72.7% | -21 bp | +0.9% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 72.4% | -27 bp | +0.5% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 69.0% | +13 bp | 0.0% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 68.9% | +9 bp | +0.4% |
Risk and Returns: GSEE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/17/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
8.6%
ALTAR SCORE™
67th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 203 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.7% and a standard deviation
of 2.2%. GSEE's ALTAR Score™ is approximately 0.4 standard
deviations above the category average. This places GSEE in the 67th percentile
among funds in the category.
Sell-Side Consensus
$76.68
PRICE TARGET
+18.9%
UPSIDE
Bid/Ask Spreads
80 bp
AVG SPREAD
30 —
120 bp
RANGE