GSIE
Goldman Sachs ActiveBeta International Equity ETF
GSIE tracks an index of stocks in developed markets outside of the US comprising 4 subindexes: value, momentum, quality and low volatility. The index uses multiple factors to pick stocks, and each subindex receives equal weight.
International
EQUITY
Passive
MANAGEMENT STYLE
3.5 B
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
Fund sponsor | Goldman Sachs |
Category | International |
Asset class | Equity |
Website | link... |
Inception date | Nov 06, 2015 |
Assets (mns) | $3,547 |
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 | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
NOVO NORDISK A/S-B | 2.1 % |
ASML HOLDING NV | 1.4 % |
ROCHE HOLDING AG-BR | 1.3 % |
NESTLE SA-REG | 1.0 % |
NOVARTIS AG | 1.0 % |
ASTRAZENECA PLC | 0.9 % |
LVMH MOET HENNESSY LOUIS VUI | 0.9 % |
SAP AG | 0.9 % |
SHELL PLC | 0.9 % |
ROYAL BANK OF CANADA | 0.7 % |
Constituent Breakdown
Number of holdings | 704 |
Herfindahl-Hirschman Index | 33 |
Wgt avg mkt cap (mns) | $68,973 |
Large cap (>$10bn) | 78.8% |
Mid cap ($2-10bn) | 19.7% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 99.8% |
Emerging mkts. | 0.2% |
Country Exposure
JAPAN | 20.5 % | |
BRITAIN | 12.0 % | |
CANADA | 10.6 % | |
FRANCE | 9.8 % | |
SWITZERLAND | 8.4 % | |
GERMANY | 8.0 % | |
AUSTRALIA | 5.4 % | |
NETHERLANDS | 4.4 % | |
ITALY | 3.0 % | |
DENMARK | 3.0 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 7.7% | 21.8% | 17.9% | 2.2% | 6.3% | -- | 6.4% | Volatility | 12.4% | 12.4% | 13.8% | 16.3% | 19.2% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.89 | 78% |
MSCI EAFE | 0.98 | 97% |
MSCI Emg Mkts | 0.80 | 63% |
Liquidity Measures
Avg. volume (000) | 323 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.04% |
ADV of underlying (mns) | $67,334 |
Technical Indicators
Recent close | $33.85 |
30d moving avg. | $35.42 |
Annualized volatility | 17.5% |
Relative strength (RSI) | 45 |
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. GSIE |
Expenses vs. GSIE |
ALTAR Score™ vs. GSIE |
---|---|---|---|---|
BKIE | BNY Mellon International Equity ETF | 66.3% | -21 bp | -0.2% |
DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 64.3% | +11 bp | -0.6% |
HFXI | IQ FTSE International Equity Currency Neutral ETF | 62.8% | -5 bp | -0.2% |
GSID | Goldman Sachs MarketBeta International Equity ETF | 61.7% | -5 bp | -0.3% |
EFA | iShares MSCI EAFE ETF | 61.7% | +10 bp | -0.3% |
IDEV | iShares Core MSCI International Developed Markets ETF | 60.1% | -21 bp | -0.1% |
JHMD | John Hancock Multifactor Developed International ETF | 59.8% | +14 bp | +0.5% |
SPDW | SPDR Portfolio Developed World ex-US ETF | 58.4% | -22 bp | 0.0% |
IEFA | iShares Core MSCI EAFE ETF | 58.3% | -18 bp | -0.1% |
GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 57.5% | 0 bp | -0.1% |
Risk and Returns: GSIE 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 11/13/2024
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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
GSIE
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™
GSIE
7.2%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
2.6%. GSIE's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places GSIE in the 48th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GSIESELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Passive International Equity ETFs |
# of ETFs | 77 |
Avg. Expense Ratio | 38.8 bp |
Std. Deviation | 21.2 bp |
GSIE (25 bp) Percentile rank | 25 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
GSIE | 25.0 | 3.5 | 28.5 |
Peer Avg. | 26.6 | 13.3 | 39.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .