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
$ 142.1 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 | 12.9 % |
| SAMSUNG ELECTRONICS CO LTD | 5.6 % |
| TENCENT HOLDINGS LTD | 3.0 % |
| HYNIX SEMICONDUCTOR INC | 2.9 % |
| RELIANCE INDS-SPONS GDR 144A | 2.7 % |
| ALIBABA GROUP HOLDING LTD. | 2.3 % |
| DELTA ELECTRONICS INC | 1.0 % |
| MEDIATEK INC | 1.0 % |
| CHINA CONSTRUCTION BANK-H | 0.8 % |
| HDFC BANK LIMITED | 0.7 % |
Constituent Breakdown
| Number of holdings | 1982 |
| Herfindahl-Hirschman Index | 242 |
| 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
 |
TAIWAN | 23.2 % |
 |
CHINA | 20.2 % |
 |
SOUTH KOREA | 16.3 % |
 |
INDIA | 13.1 % |
 |
BRAZIL | 3.7 % |
 |
SAUDI ARABIA | 2.5 % |
 |
SOUTH AFRICA | 2.3 % |
 |
UAE | 1.7 % |
 |
MEXICO | 1.6 % |
 |
THAILAND | 1.3 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 17.2% | 45.6% | 23.6% | 18.0% | 2.9% | -- | -- | 9.1% |
| Dividend Yield | 0.0% | 3.7% | 3.3% | 2.8% | 3.6% | -- | -- | 3.7% |
| Total Returns | 17.2% | 49.3% | 26.9% | 20.7% | 6.5% | -- | -- | 12.8% | Ann. Volatility | 25.0% | 18.0% | 18.3% | 17.0% | 18.0% | -- | -- | 18.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.05 | 53% |
| MSCI EAFE | 0.98 | 63% |
| MSCI Emg Mkts | 0.95 | 96% |
Liquidity Measures
| Avg. volume (000) | 5 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.79% |
Technical Indicators
| 30d moving avg. (EMA) | $65.70 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 1.59/1.69 |
| Bollinger Bands (Upper/Lower) | $70.49/$62.99 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
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 | 89.5% | -25 bp | +0.2% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 84.8% | -21 bp | +0.5% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 84.1% | +30 bp | -0.4% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 74.9% | -17 bp | -0.5% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 74.8% | -6 bp | +0.5% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 70.0% | -21 bp | +0.8% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 69.1% | +9 bp | +0.3% |
| DFAE | Dimensional Emerging Core Equity Market ETF | 68.8% | -1 bp | -0.6% |
| VWO | Vanguard FTSE Emerging Markets ETF | 66.9% | -29 bp | +1.6% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 66.8% | +13 bp | -0.1% |
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 5/18/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
8.4%
ALTAR SCORE™
64th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 200 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.6% 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 64th percentile
among funds in the category.
Sell-Side Consensus
$77.31
PRICE TARGET
+15.8%
UPSIDE
Bid/Ask Spreads
79 bp
AVG SPREAD
30 —
120 bp
RANGE