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
31.8 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) | $32 |
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
NOVO NORDISK A/S-B | 3.6 % |
ASML HOLDING NV | 2.8 % |
ROCHE HOLDING AG-BR | 2.3 % |
NESTLE SA-REG | 1.9 % |
NOVARTIS AG | 1.9 % |
ASTRAZENECA PLC | 1.8 % |
SHELL PLC | 1.6 % |
SAP AG | 1.6 % |
LVMH MOET HENNESSY LOUIS VUI | 1.5 % |
TOTAL SA | 1.2 % |
Constituent Breakdown
Number of holdings | 364 |
Herfindahl-Hirschman Index | 77 |
Wgt avg mkt cap (mns) | $105,391 |
Large cap (>$10bn) | 86.4% |
Mid cap ($2-10bn) | 11.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
BRITAIN | 21.1 % | |
FRANCE | 16.8 % | |
SWITZERLAND | 14.7 % | |
GERMANY | 13.9 % | |
NETHERLANDS | 8.0 % | |
DENMARK | 5.3 % | |
ITALY | 4.8 % | |
SWEDEN | 4.4 % | |
SPAIN | 4.1 % | |
FINLAND | 1.3 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 8.6% | 20.4% | 26.0% | 4.5% | 8.0% | -- | 7.4% | Volatility | 11.6% | 12.5% | 17.4% | 17.7% | 20.7% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.96 | 76% |
MSCI EAFE | 1.09 | 96% |
MSCI Emg Mkts | 0.88 | 60% |
Liquidity Measures
Avg. volume (000) | 15 |
Turnover | 1.8% |
Avg. Bid/Ask (% of price) | 0.11% |
ADV of underlying (mns) | $15,827 |
Technical Indicators
Recent close | $37.68 |
30d moving avg. | $37.89 |
Annualized volatility | 19.7% |
Relative strength (RSI) | 57 |
Short interest (ETF) | 0.6% |
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 | 74.7% | +21 bp | -0.6% |
BBEU | JPMorgan BetaBuilders Europe ETF | 72.8% | -16 bp | 0.0% |
FLEE | Franklin FTSE Europe ETF | 70.6% | -16 bp | 0.0% |
IEV | iShares Europe ETF | 67.7% | +42 bp | -0.6% |
IEUR | iShares Core MSCI Europe ETF | 65.9% | -14 bp | -0.1% |
SPEU | SPDR Portfolio Europe ETF | 64.2% | -18 bp | -0.1% |
VGK | Vanguard FTSE Europe ETF | 64.0% | -14 bp | -0.1% |
GSIE | Goldman Sachs ActiveBeta International Equity ETF | 57.5% | 0 bp | +0.2% |
DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 56.8% | +11 bp | -0.6% |
GSID | Goldman Sachs MarketBeta International Equity ETF | 54.1% | -5 bp | -0.2% |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
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
2023 | 2024E | Fwd Est | 2025E | |
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 10/4/2024
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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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
GSEU
6.8%
Cat. Avg
7.0%
ALTAR Score™ Calculation
Category Overview
There are 257 funds in the International Equity category, with an average ALTAR Score™
of 7.0% and a standard deviation of
2.5%. GSEU's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places GSEU in the 47th 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 | 23 |
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. | 35.7 | 19.0 | 54.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .