GSJY
Goldman Sachs ActiveBeta Japan Equity ETF
The Goldman Sachs ActiveBeta Japan Equity ETF tracks an index of Japanese 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
65.1 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) | $65 |
| 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
| TOYOTA MOTOR CORP | 4.4 % |
| MITSUBISHI UFJ FINANCIAL GRO | 4.2 % |
| SONY CORP | 3.6 % |
| HITACHI LTD | 3.1 % |
| SUMITOMO MITSUI FINANCIAL GR | 2.5 % |
| TOKIO MARINE HOLDINGS INC | 2.3 % |
| MIZUHO FINANCIAL GROUP INC | 2.2 % |
| RECRUIT HOLDINGS CO LTD | 2.2 % |
| MITSUBISHI CORP | 2.2 % |
| MITSUBISHI HEAVY INDUSTRIES | 2.0 % |
Constituent Breakdown
| Number of holdings | 175 |
| Herfindahl-Hirschman Index | 155 |
| Wgt avg mkt cap (mns) | $71,798 |
| Large cap (>$10bn) | 91.8% |
| Mid cap ($2-10bn) | 16.7% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 108.9% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 108.9 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 24.0% | 24.3% | 19.3% | 18.9% | 7.5% | -- | -- | 6.1% |
| Dividend Yield | 0.8% | 1.9% | 2.2% | 2.3% | 2.0% | -- | -- | 2.1% |
| Total Returns | 24.8% | 26.2% | 21.5% | 21.2% | 9.5% | -- | -- | 8.3% | Ann. Volatility | 20.9% | 20.0% | 18.7% | 17.9% | 17.5% | -- | -- | 17.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.71 | 54% |
| MSCI EAFE | 0.52 | 39% |
| MSCI Emg Mkts | 0.47 | 36% |
Liquidity Measures
| Avg. volume (000) | 5 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.09% |
Technical Indicators
| Recent close | $46.68 |
| 30d moving avg. | $45.84 |
| Annualized volatility | 12.4% |
| Relative strength (RSI) | 58 |
| Short interest | 0.3% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| BBJP | JPMorgan BetaBuilders Japan ETF | 88.3% | -6 bp | +6.0% |
| DBJP | Xtrackers MSCI Japan Hedged Equity ETF | 87.9% | +22 bp | +5.7% |
| EWJ | iShares MSCI Japan ETF | 82.1% | +25 bp | +5.6% |
| FLJP | Franklin FTSE Japan ETF | 80.6% | -16 bp | +5.8% |
| FLJH | Franklin FTSE Japan Hedged ETF | 79.8% | -16 bp | +5.8% |
| JPXN | iShares JPX-Nikkei 400 ETF | 70.5% | +23 bp | +6.3% |
| DXJ | WisdomTree Japan Hedged Equity Fund | 61.1% | +23 bp | +6.8% |
| EWJV | iShares MSCI Japan Value ETF | 54.9% | -10 bp | +8.1% |
| IPAC | iShares Core MSCI Pacific ETF | 50.4% | -16 bp | +6.0% |
| VPL | Vanguard FTSE Pacific ETF | 43.9% | -18 bp | +6.3% |
Risk and Returns: GSJY 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
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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 11/8/2025
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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
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™
GSJY
6.2%
Cat. Avg
6.9%
ALTAR Score™ Calculation
Category Overview
There are 265 funds in the International Equity category, with an average ALTAR Score™
of 6.9% and a standard deviation of
1.8%. GSJY's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places GSJY in the 35th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GSJYSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 145 |
| Avg. Expense Ratio | 43.1 bp |
| Std. Deviation | 25.2 bp |
| GSJY (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) |
|
|---|---|---|---|
| GSJY | 25.0 | 8.9 | 33.9 |
| Peer Avg. | 43.1 | 33.8 | 76.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .