GSEU
Goldman Sachs ActiveBeta Europe Equity ETF
The Goldman Sachs ActiveBeta Europe Equity ETF tracks an index of developed Europe large- and midcap equities, with equal weights to each of 4 factor buckets and stocks within each bucket weighted by a factor score.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
99.5 M
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Fund sponsor | Goldman Sachs |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 02, 2016 |
| Assets (mns) | $100 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROCHE HOLDING AG-BR | 2.3 % |
| NOVO NORDISK A/S-B | 2.2 % |
| SAP AG | 2.1 % |
| ASML HOLDING NV | 2.1 % |
| NOVARTIS AG | 1.8 % |
| NESTLE SA-REG | 1.8 % |
| ASTRAZENECA PLC | 1.7 % |
| HSBC HOLDINGS PLC | 1.4 % |
| SHELL PLC | 1.3 % |
| LVMH MOET HENNESSY LOUIS VUI | 1.2 % |
Constituent Breakdown
| Number of holdings | 339 |
| Herfindahl-Hirschman Index | 67 |
| Wgt avg mkt cap (mns) | $87,229 |
| Large cap (>$10bn) | 87.9% |
| Mid cap ($2-10bn) | 9.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
BRITAIN | 19.9 % |
 |
GERMANY | 15.8 % |
 |
FRANCE | 15.6 % |
 |
SWITZERLAND | 15.4 % |
 |
NETHERLANDS | 7.5 % |
 |
ITALY | 5.1 % |
 |
SWEDEN | 4.7 % |
 |
SPAIN | 4.6 % |
 |
DENMARK | 4.3 % |
 |
FINLAND | 1.4 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 16.5% | 13.8% | 8.3% | 8.6% | 9.7% | -- | -- | 5.0% |
| Dividend Yield | 0.0% | 2.0% | 2.9% | 3.0% | 2.9% | -- | -- | 3.0% |
| Total Returns | 16.5% | 15.8% | 11.2% | 11.6% | 12.6% | -- | -- | 8.1% | Ann. Volatility | 23.9% | 17.6% | 15.3% | 17.9% | 17.9% | -- | -- | 18.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.87 | 60% |
| MSCI EAFE | 1.04 | 90% |
| MSCI Emg Mkts | 0.82 | 55% |
Liquidity Measures
| Avg. volume (000) | 34 |
| Turnover | 1.4% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $14,465 |
Technical Indicators
| Recent close | $40.38 |
| 30d moving avg. | $38.50 |
| Annualized volatility | 18.7% |
| Relative strength (RSI) | 59 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GSEU |
Expenses vs. GSEU |
ALTAR Score™ vs. GSEU |
|---|---|---|---|---|
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 72.1% | +21 bp | -0.6% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 68.7% | -16 bp | -0.1% |
| FLEE | Franklin FTSE Europe ETF | 68.5% | -16 bp | -0.1% |
| IEV | iShares Europe ETF | 64.8% | +42 bp | -0.4% |
| IEUR | iShares Core MSCI Europe ETF | 63.7% | -14 bp | +0.1% |
| VGK | Vanguard FTSE Europe ETF | 62.7% | -14 bp | +0.2% |
| SPEU | SPDR Portfolio Europe ETF | 62.0% | -18 bp | +0.1% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 59.5% | 0 bp | +0.1% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 56.3% | +11 bp | -0.5% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 53.6% | -5 bp | +0.1% |
Risk and Returns: GSEU 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 4/30/2025
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
GSEU
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
GSEU
7.3%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 258 funds in the International Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.0%. GSEU's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places GSEU in the 40th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GSEUSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| GSEU (25 bp) Percentile rank | 24 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GSEU | 25.0 | 11.2 | 36.2 |
| Peer Avg. | 35.3 | 19.2 | 54.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .