Goldman Sachs ActiveBeta Europe Equity ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
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. |
Category | International Equities |
Fund Sponsor | Goldman Sachs |
Website | assetmanagement.gs.com |
Inception date | Mar 02, 2016 |
Assets (mns) | $19 |
Currency | USD |
Expense ratio | 25 bp |
Distributions | Quarterly |
Regulation | Open-End Investment Company |
Custodian | |
Weighting | Tiered |
Index replication | |
Uses derivatives | No |
Options available | No |
No. of constituents | 389 |
Wgt avg mkt cap (mns) | $69,893 |
Large cap (>$10bn) | 86.2% |
Mid cap ($2-10bn) | 11.8% |
Small cap (<$2bn) | 0.2% |
Developed mkts | 99.9% |
Emerging mkts | 0.1% |
NESTLE SA-REG | 2.9 % |
ROCHE HOLDING AG-GENUSSCHEIN | 2.4 % |
NOVARTIS AG-REG | 1.7 % |
ASML HOLDING NV | 1.7 % |
LVMH MOET HENNESSY LOUIS VUI | 1.5 % |
NOVO NORDISK A/S-B | 1.2 % |
UNILEVER PLC | 1.2 % |
ASTRAZENECA PLC | 1.1 % |
L'OREAL | 1.0 % |
SAP AG | 1.0 % | Total | 15.9 % |
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BRITAIN | 19.6 % |
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FRANCE | 16.9 % |
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SWITZERLAND | 15.8 % |
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GERMANY | 15.5 % |
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NETHERLANDS | 6.3 % |
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SWEDEN | 5.6 % |
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DENMARK | 4.5 % |
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ITALY | 3.7 % |
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SPAIN | 3.0 % |
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FINLAND | 1.6 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
6.6% | 6.6% | -- | -- | 8.3% |
versus... | Beta | R-squared |
S&P500 | 0.92 | 82% |
MSCI EAFE | 1.01 | 98% |
MSCI Emg. Mkts. | 0.78 | 75% |
Recent close | $33.68 |
30d moving avg. | $33.25 |
Annualized volatility | 19.0% |
Short interest (ETF) | 0.1% |
Relative strength (RSI) | 61 |
Avg. volume (thou.) | 2 |
Turnover | 0.4% |
Bid/Ask (% of price) | 0.13% |
ADV underlying (mns) | $36,033 |
FINDING ALTERNATIVE FUNDS
Below is a list of 97 potential alternatives to the Goldman Sachs ActiveBeta Europe Equity ETF ETF based on the alternatives' overlap in portfolio holdings with GSEU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | GSEU | Expense: | 25 bp | ALTAR Score™: | 5.9% |
Ticker | Fund Name |
Overlap1 vs GSEU (%) |
Expense ratio (bp) |
Savings vs GSEU (bp) |
ALTAR Score™ (%) |
ALTAR vs GSEU (%) |
DFAI | Dimensional International Core Equity Market ETF | 80.6 | 18 | 7 | 6.4 | +0.5 |
DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 69.6 | 45 | -20 | 6.0 | +0.1 |
FLEE | Franklin FTSE Europe ETF | 68.6 | 9 | 16 | 6.5 | +0.6 |
BBEU | JPMorgan BetaBuilders Europe ETF | 68.6 | 9 | 16 | 6.7 | +0.8 |
FLEH | Franklin FTSE Europe Hedged ETF | 68.4 | 9 | 16 | 6.5 | +0.6 |
IEV | iShares Europe ETF | 67.0 | 59 | -34 | 6.3 | +0.4 |
IEUR | iShares Core MSCI Europe ETF | 66.8 | 9 | 16 | 6.6 | +0.7 |
VGK | Vanguard FTSE Europe ETF | 65.1 | 8 | 17 | 6.8 | +0.9 |
SPEU | SPDR Portfolio Europe ETF | 64.7 | 9 | 16 | 6.8 | +0.9 |
GSIE | Goldman Sachs ActiveBeta International Equity ETF | 57.2 | 25 | 0 | 6.0 | +0.1 |
EFA | iShares MSCI EAFE ETF | 53.8 | 32 | -7 | 6.2 | +0.3 |
EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 53.4 | 20 | 5 | 6.4 | +0.5 |
DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 52.7 | 35 | -10 | 6.1 | +0.2 |
ESGD | iShares MSCI EAFE ESG Optimized ETF | 50.4 | 20 | 5 | 6.2 | +0.3 |
GSID | Goldman Sachs MarketBeta International Equity ETF | 49.8 | 20 | 5 | 6.3 | +0.4 |
QEFA | SPDR MSCI EAFE Quality Mix ETF | 48.3 | 30 | -5 | 6.0 | +0.1 |
BKIE | BNY Mellon International Equity ETF | 48.1 | 4 | 21 | 6.6 | +0.7 |
HFXI | IQ 50 Percent Hedged FTSE International ETF | 48.0 | 20 | 5 | 6.4 | +0.5 |
PBDM | Invesco PureBeta FTSE Developed ex-North America ETF | 47.5 | 7 | 18 | 6.5 | +0.6 |
IQSI | IQ Candriam ESG International Equity ETF | 47.0 | 15 | 10 | 6.4 | +0.5 |
IEFA | iShares Core MSCI EAFE ETF | 47.0 | 7 | 18 | 6.5 | +0.6 |
JHMD | John Hancock Multifactor Developed International ETF | 45.2 | 39 | -14 | 6.6 | +0.7 |
SCHF | Schwab International Equity ETF | 44.1 | 6 | 19 | 6.5 | +0.6 |
IDEV | iShares Core MSCI International Developed Markets ETF | 43.4 | 5 | 20 | 6.5 | +0.6 |
EZU | iShares MSCI Eurozone ETF | 43.0 | 51 | -26 | 6.0 | +0.1 |
PDEV | Principal International Multi-Factor Core Index ETF | 42.3 | 25 | 0 | 7.1 | +1.2 |
EFG | iShares MSCI EAFE Growth ETF | 42.2 | 40 | -15 | 4.1 | -1.9 |
DBEZ | Xtrackers MSCI Eurozone Hedged Equity ETF | 41.6 | 45 | -20 | 6.0 | +0.1 |
EURZ | Xtrackers Eurozone Equity ETF | 41.0 | 9 | 16 | 6.6 | +0.7 |
CIL | VictoryShares International Volatility Weighted Index ETF | 40.0 | 45 | -20 | 6.4 | +0.5 |
CIZ | VictoryShares Developed Enhanced Volatility Weighted Index E | 40.0 | 45 | -20 | 6.4 | +0.5 |
SPDW | SPDR Portfolio Developed World ex-US ETF | 39.9 | 4 | 21 | 6.2 | +0.3 |
EUDG | WisdomTree Europe Quality Dividend Growth Fund | 39.7 | 58 | -33 | 6.5 | +0.6 |
DOL | WisdomTree International LargeCap Dividend Fund | 39.3 | 48 | -23 | 7.2 | +1.3 |
VEA | Vanguard FTSE Developed Markets ETF | 39.3 | 5 | 20 | 6.6 | +0.7 |
RESD | WisdomTree International ESG Fund | 38.8 | 30 | -5 | 6.5 | +0.6 |
DWM | WisdomTree International Equity Fund | 38.4 | 48 | -23 | 7.2 | +1.3 |
DDWM | WisdomTree Dynamic Currency Hedged International Equity Fund | 37.9 | 40 | -15 | 7.2 | +1.3 |
IQLT | iShares Edge MSCI Intl Quality Factor ETF | 37.3 | 30 | -5 | 5.2 | -0.7 |
CEFA | Global X S&P Catholic Values Developed ex-U.S. ETF | 37.3 | 35 | -10 | 6.0 | +0.1 |
PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 37.3 | 45 | -20 | 7.7 | +1.8 |
EASG | Xtrackers MSCI EAFE ESG Leaders Equity ETF | 36.9 | 14 | 11 | 6.1 | +0.2 |
MFDX | PIMCO RAFI Dynamic Multi-Factor International Equity ETF | 36.5 | 39 | -14 | 5.6 | -0.3 |
DMXF | iShares ESG Advanced MSCI EAFE ETF | 35.4 | 12 | 13 | 6.2 | +0.3 |
ACWX | iShares MSCI ACWI ex U.S. ETF | 35.4 | 32 | -7 | 6.3 | +0.4 |
IQIN | IQ 500 International ETF | 35.3 | 25 | 0 | 7.7 | +1.8 |
CWI | SPDR MSCI ACWI ex-US ETF | 34.9 | 30 | -5 | 6.2 | +0.3 |
ISZE | iShares Edge MSCI Intl Size Factor ETF | 34.6 | 30 | -5 | 6.3 | +0.4 |
DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 34.6 | 40 | -15 | 6.1 | +0.2 |
PQIN | PGIM QMA Strategic Alpha International Equity ETF | 34.6 | 29 | -4 | 7.1 | +1.2 |
EFV | iShares MSCI EAFE Value ETF | 34.5 | 39 | -14 | 8.4 | +2.5 |
FNDF | Schwab Fundamental International Large Co. Index ETF | 33.5 | 25 | 0 | 7.7 | +1.8 |
TPIF | Timothy Plan International ETF | 32.8 | 62 | -37 | 6.1 | +0.2 |
VEU | Vanguard FTSE All-World ex-US Index Fund | 32.5 | 8 | 17 | 6.7 | +0.8 |
RFEU | First Trust Riverfront Dynamic Europe ETF | 32.0 | 83 | -58 | 5.6 | -0.3 |
VSGX | Vanguard ESG International Stock ETF | 31.6 | 17 | 8 | 6.3 | +0.4 |
IMTM | iShares Edge MSCI Intl Momentum Factor ETF | 31.5 | 30 | -5 | 4.1 | -1.8 |
OEUR | O'shares FTSE Europe Quality Dividend ETF | 31.5 | 48 | -23 | 5.1 | -0.8 |
RNDM | First Trust Developed International Equity Select ETF | 31.3 | 65 | -40 | 5.7 | -0.2 |
RBIN | Nationwide Risk-Based International Equity ETF | 31.1 | 42 | -17 | 6.0 | +0.1 |
IXUS | ishares Core MSCI Total International Stock ETF | 30.7 | 9 | 16 | 6.4 | +0.5 |
ACSG | Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF | 29.9 | 16 | 9 | 6.0 | +0.1 |
ISDX | Invesco RAFI Strategic Developed ex-US ETF | 29.7 | 23 | 2 | 6.3 | +0.4 |
EFAV | iShares Edge MSCI Min Vol EAFE ETF | 29.0 | 20 | 5 | 5.0 | -1.0 |
TLTD | FlexShares Morningstar Developed Markets ex-US Factor Tilt | 28.7 | 39 | -14 | 7.4 | +1.5 |
FDEV | Fidelity Targeted International Factor ETF | 27.7 | 39 | -14 | 6.2 | +0.3 |
NUDM | Nuveen ESG International Developed Markets Equity ETF | 27.7 | 40 | -15 | 5.9 | 0.0 |
AVDE | Avantis International Equity ETF | 26.8 | 23 | 2 | 6.9 | +1.0 |
UIVM | VictoryShares USAA MSCI International Value Momentum ETF | 26.7 | 35 | -10 | 7.7 | +1.8 |
QINT | American Century Quality Diversified International ETF | 25.9 | 39 | -14 | 5.7 | -0.2 |
FEP | First Trust Europe AlphaDEX Fund | 25.9 | 80 | -55 | 7.5 | +1.6 |
RFDI | First Trust Riverfront Dynamic Developed International ETF | 25.8 | 83 | -58 | 5.1 | -0.8 |
DEEF | Xtrackers FTSE Developed ex US Comprehensive Factor ETF | 25.6 | 24 | 1 | 6.5 | +0.6 |
IVLU | iShares Edge MSCI Intl Value Factor ETF | 25.6 | 30 | -5 | 10.0 | +4.1 |
FIVA | Fidelity International Value Factor ETF | 25.4 | 39 | -14 | 8.8 | +2.9 |
VIGI | Vanguard International Dividend Appreciation ETF | 24.8 | 20 | 5 | 5.0 | -0.9 |
VXUS | Vanguard Total International Stock ETF | 24.7 | 8 | 17 | 6.6 | +0.7 |
RODM | Hartford Multifactor Developed Markets (ex-US) ETF | 24.2 | 29 | -4 | 7.3 | +1.4 |
VYMI | Vanguard International High Dividend Yield ETF | 24.2 | 27 | -2 | 9.0 | +3.1 |
VWID | Virtus WMC International Dividend ETF | 24.2 | 49 | -24 | 7.4 | +1.5 |
JPIN | JPMorgan Diversified Return International Equity ETF | 24.0 | 37 | -12 | 7.0 | +1.1 |
QLVD | FlexShares Developed Markets ex-US Quality Low Volatility Id | 24.0 | 32 | -7 | 5.7 | -0.2 |
IDHQ | Invesco S&P International Developed Quality ETF | 23.4 | 29 | -4 | 4.7 | -1.2 |
INTF | iShares Edge MSCI Multifactor Intl ETF | 23.4 | 30 | -5 | 7.2 | +1.3 |
IDMO | Invesco S&P International Developed Momentum ETF | 22.8 | 26 | -1 | 3.7 | -2.3 |
FEUZ | First Trust Eurozone AlphaDEX ETF | 22.2 | 80 | -55 | 7.1 | +1.2 |
IDLB | Invesco FTSE International Low Beta Equal Weight ETF | 22.1 | 45 | -20 | 6.1 | +0.2 |
DWMF | WisdomTree International Multifactor Fund | 21.9 | 38 | -13 | 6.2 | +0.3 |
FEZ | SPDR EURO STOXX 50 ETF | 21.9 | 29 | -4 | 6.2 | +0.3 |
ESGG | FlexShares STOXX Global ESG Impact Index Fund | 21.5 | 42 | -17 | 4.6 | -1.3 |
IHDG | WisdomTree International Hedged Quality Dividend Growth Fund | 20.5 | 58 | -33 | 5.7 | -0.2 |
IQDG | WisdomTree International Quality Dividend Growth Fund | 20.3 | 42 | -17 | 5.9 | +0.0 |
HDMV | First Trust Horizon Managed Volatility Developed Intl ETF | 20.2 | 80 | -55 | 6.0 | +0.1 |
IGRO | iShares International Dividend Growth ETF | 20.2 | 15 | 10 | 7.0 | +1.1 |
IQDE | FlexShares International Quality Dividend Defensive Index ET | 20.2 | 47 | -22 | 7.8 | +1.9 |
IOO | iShares Global 100 ETF | 19.7 | 40 | -15 | 4.2 | -1.7 |
TOK | iShares MSCI Kokusai ETF | 19.7 | 25 | 0 | 4.9 | -1.0 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2015 | 2016 | 2017 | 2018 | 2019 | 2020E | 2021E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2019 | 2020E | 2021E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
Goldman Sachs ActiveBeta Europe Equity ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
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™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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