Goldman Sachs ActiveBeta International Equity ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
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. |
Category | International Equities |
Fund Sponsor | Goldman Sachs |
Website | assetmanagement.gs.com |
Inception date | Nov 06, 2015 |
Assets (mns) | $2,230 |
Currency | USD |
Expense ratio | 25 bp |
Distributions | Quarterly |
Regulation | Open-End Investment Company |
Custodian | |
Weighting | Tiered |
Index replication | |
Uses derivatives | No |
Options available | Yes |
No. of constituents | 774 |
Wgt avg mkt cap (mns) | $54,877 |
Large cap (>$10bn) | 78.7% |
Mid cap ($2-10bn) | 19.8% |
Small cap (<$2bn) | 0.1% |
Developed mkts | 99.9% |
Emerging mkts | 0.1% |
NESTLE SA-REG | 1.7 % |
ROCHE HOLDING AG-GENUSSCHEIN | 1.3 % |
NOVARTIS AG-REG | 1.0 % |
LVMH MOET HENNESSY LOUIS VUI | 0.9 % |
ASML HOLDING NV | 0.7 % |
NOVO NORDISK A/S-B | 0.7 % |
L'OREAL | 0.6 % |
UNILEVER PLC | 0.6 % |
ROYAL BANK OF CANADA | 0.6 % |
ASTRAZENECA PLC | 0.6 % | Total | 8.6 % |
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JAPAN | 22.0 % |
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BRITAIN | 11.5 % |
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FRANCE | 10.1 % |
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CANADA | 9.2 % |
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SWITZERLAND | 9.0 % |
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GERMANY | 8.8 % |
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AUSTRALIA | 5.5 % |
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SWEDEN | 3.3 % |
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NETHERLANDS | 3.3 % |
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DENMARK | 2.8 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
7.5% | 7.5% | 8.1% | -- | 7.5% |
versus... | Beta | R-squared |
S&P500 | 0.88 | 86% |
MSCI EAFE | 0.94 | 98% |
MSCI Emg. Mkts. | 0.74 | 76% |
Recent close | $32.80 |
30d moving avg. | $32.18 |
Annualized volatility | 17.8% |
Short interest (ETF) | 0.1% |
Relative strength (RSI) | 64 |
Avg. volume (thou.) | 353 |
Turnover | 0.5% |
Bid/Ask (% of price) | 0.06% |
ADV underlying (mns) | $66,343 |
FINDING ALTERNATIVE FUNDS
Below is a list of 97 potential alternatives to the Goldman Sachs ActiveBeta International Equity ETF ETF based on the alternatives' overlap in portfolio holdings with GSIE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | GSIE | Expense: | 25 bp | ALTAR Score™: | 6.0% |
Ticker | Fund Name |
Overlap1 vs GSIE (%) |
Expense ratio (bp) |
Savings vs GSIE (bp) |
ALTAR Score™ (%) |
ALTAR vs GSIE (%) |
DFAI | Dimensional International Core Equity Market ETF | 81.6 | 18 | 7 | 6.4 | +0.4 |
EFA | iShares MSCI EAFE ETF | 63.0 | 32 | -7 | 6.2 | +0.3 |
DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 62.5 | 35 | -10 | 6.1 | +0.1 |
IDEV | iShares Core MSCI International Developed Markets ETF | 62.1 | 5 | 20 | 6.5 | +0.5 |
SCHF | Schwab International Equity ETF | 62.1 | 6 | 19 | 6.5 | +0.5 |
BKIE | BNY Mellon International Equity ETF | 61.1 | 4 | 21 | 6.6 | +0.6 |
EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 60.2 | 20 | 5 | 6.4 | +0.4 |
GSID | Goldman Sachs MarketBeta International Equity ETF | 59.7 | 20 | 5 | 6.3 | +0.3 |
SPDW | SPDR Portfolio Developed World ex-US ETF | 59.6 | 4 | 21 | 6.2 | +0.2 |
PBDM | Invesco PureBeta FTSE Developed ex-North America ETF | 59.4 | 7 | 18 | 6.5 | +0.6 |
IEFA | iShares Core MSCI EAFE ETF | 59.3 | 7 | 18 | 6.5 | +0.5 |
HFXI | IQ 50 Percent Hedged FTSE International ETF | 59.2 | 20 | 5 | 6.4 | +0.5 |
VEA | Vanguard FTSE Developed Markets ETF | 58.8 | 5 | 20 | 6.6 | +0.6 |
GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 57.2 | 25 | 0 | 5.9 | -0.1 |
JHMD | John Hancock Multifactor Developed International ETF | 56.4 | 39 | -14 | 6.6 | +0.6 |
QEFA | SPDR MSCI EAFE Quality Mix ETF | 56.3 | 30 | -5 | 6.0 | -0.0 |
ISZE | iShares Edge MSCI Intl Size Factor ETF | 56.1 | 30 | -5 | 6.3 | +0.3 |
PDEV | Principal International Multi-Factor Core Index ETF | 55.2 | 25 | 0 | 7.1 | +1.1 |
ACWX | iShares MSCI ACWI ex U.S. ETF | 54.8 | 32 | -7 | 6.3 | +0.3 |
ESGD | iShares MSCI EAFE ESG Optimized ETF | 54.8 | 20 | 5 | 6.2 | +0.2 |
DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 53.6 | 40 | -15 | 6.1 | +0.1 |
CIL | VictoryShares International Volatility Weighted Index ETF | 52.2 | 45 | -20 | 6.4 | +0.4 |
CIZ | VictoryShares Developed Enhanced Volatility Weighted Index E | 52.1 | 45 | -20 | 6.4 | +0.4 |
VEU | Vanguard FTSE All-World ex-US Index Fund | 51.1 | 8 | 17 | 6.7 | +0.7 |
MFDX | PIMCO RAFI Dynamic Multi-Factor International Equity ETF | 50.9 | 39 | -14 | 5.6 | -0.4 |
CWI | SPDR MSCI ACWI ex-US ETF | 50.8 | 30 | -5 | 6.2 | +0.2 |
PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 50.5 | 45 | -20 | 7.7 | +1.7 |
IQSI | IQ Candriam ESG International Equity ETF | 50.2 | 15 | 10 | 6.4 | +0.4 |
IXUS | ishares Core MSCI Total International Stock ETF | 49.2 | 9 | 16 | 6.4 | +0.4 |
VSGX | Vanguard ESG International Stock ETF | 49.2 | 17 | 8 | 6.3 | +0.3 |
FNDF | Schwab Fundamental International Large Co. Index ETF | 47.4 | 25 | 0 | 7.7 | +1.7 |
TLTD | FlexShares Morningstar Developed Markets ex-US Factor Tilt | 46.6 | 39 | -14 | 7.4 | +1.5 |
DDWM | WisdomTree Dynamic Currency Hedged International Equity Fund | 45.9 | 40 | -15 | 7.2 | +1.2 |
DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 45.8 | 45 | -20 | 6.0 | +0.0 |
CEFA | Global X S&P Catholic Values Developed ex-U.S. ETF | 45.7 | 35 | -10 | 6.0 | -0.0 |
DWM | WisdomTree International Equity Fund | 45.2 | 48 | -23 | 7.2 | +1.2 |
FLEE | Franklin FTSE Europe ETF | 45.1 | 9 | 16 | 6.5 | +0.5 |
FLEH | Franklin FTSE Europe Hedged ETF | 44.9 | 9 | 16 | 6.5 | +0.5 |
BBEU | JPMorgan BetaBuilders Europe ETF | 44.7 | 9 | 16 | 6.7 | +0.7 |
IEUR | iShares Core MSCI Europe ETF | 44.5 | 9 | 16 | 6.6 | +0.6 |
IQIN | IQ 500 International ETF | 44.4 | 25 | 0 | 7.7 | +1.7 |
PQIN | PGIM QMA Strategic Alpha International Equity ETF | 44.2 | 29 | -4 | 7.1 | +1.1 |
EFG | iShares MSCI EAFE Growth ETF | 44.1 | 40 | -15 | 4.1 | -1.9 |
AVDE | Avantis International Equity ETF | 44.0 | 23 | 2 | 6.9 | +0.9 |
VGK | Vanguard FTSE Europe ETF | 43.7 | 8 | 17 | 6.8 | +0.8 |
SPEU | SPDR Portfolio Europe ETF | 43.7 | 9 | 16 | 6.8 | +0.8 |
IEV | iShares Europe ETF | 42.8 | 59 | -34 | 6.3 | +0.3 |
DMXF | iShares ESG Advanced MSCI EAFE ETF | 42.2 | 12 | 13 | 6.2 | +0.2 |
VXUS | Vanguard Total International Stock ETF | 41.2 | 8 | 17 | 6.6 | +0.6 |
DOL | WisdomTree International LargeCap Dividend Fund | 40.3 | 48 | -23 | 7.2 | +1.2 |
ISDX | Invesco RAFI Strategic Developed ex-US ETF | 40.1 | 23 | 2 | 6.3 | +0.3 |
TPIF | Timothy Plan International ETF | 40.1 | 62 | -37 | 6.1 | +0.1 |
RESD | WisdomTree International ESG Fund | 39.2 | 30 | -5 | 6.5 | +0.5 |
DEEF | Xtrackers FTSE Developed ex US Comprehensive Factor ETF | 39.2 | 24 | 1 | 6.5 | +0.5 |
EASG | Xtrackers MSCI EAFE ESG Leaders Equity ETF | 38.1 | 14 | 11 | 6.1 | +0.1 |
IQLT | iShares Edge MSCI Intl Quality Factor ETF | 37.5 | 30 | -5 | 5.2 | -0.8 |
IMTM | iShares Edge MSCI Intl Momentum Factor ETF | 37.3 | 30 | -5 | 4.1 | -1.9 |
ACSG | Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF | 37.1 | 16 | 9 | 6.0 | -0.0 |
EFV | iShares MSCI EAFE Value ETF | 35.9 | 39 | -14 | 8.4 | +2.5 |
RNDM | First Trust Developed International Equity Select ETF | 35.9 | 65 | -40 | 5.7 | -0.3 |
QINT | American Century Quality Diversified International ETF | 35.8 | 39 | -14 | 5.7 | -0.3 |
RODM | Hartford Multifactor Developed Markets (ex-US) ETF | 34.3 | 29 | -4 | 7.3 | +1.3 |
IDLB | Invesco FTSE International Low Beta Equal Weight ETF | 34.0 | 45 | -20 | 6.1 | +0.1 |
RBIN | Nationwide Risk-Based International Equity ETF | 33.9 | 42 | -17 | 6.0 | +0.1 |
UIVM | VictoryShares USAA MSCI International Value Momentum ETF | 33.3 | 35 | -10 | 7.7 | +1.7 |
EFAV | iShares Edge MSCI Min Vol EAFE ETF | 31.6 | 20 | 5 | 5.0 | -1.0 |
QWLD | SPDR MSCI World StrategicFactors ETF | 30.9 | 30 | -5 | 5.4 | -0.6 |
URTH | iShares MSCI World ETF | 30.5 | 24 | 1 | 5.0 | -1.0 |
JPIN | JPMorgan Diversified Return International Equity ETF | 30.4 | 37 | -12 | 7.0 | +1.0 |
ESGG | FlexShares STOXX Global ESG Impact Index Fund | 30.3 | 42 | -17 | 4.6 | -1.4 |
FDEV | Fidelity Targeted International Factor ETF | 29.9 | 39 | -14 | 6.2 | +0.2 |
IVLU | iShares Edge MSCI Intl Value Factor ETF | 29.5 | 30 | -5 | 10.0 | +4.0 |
VYMI | Vanguard International High Dividend Yield ETF | 28.7 | 27 | -2 | 9.0 | +3.0 |
IPAC | iShares Core MSCI Pacific ETF | 28.1 | 9 | 16 | 6.3 | +0.3 |
EZU | iShares MSCI Eurozone ETF | 27.2 | 51 | -26 | 6.0 | +0.0 |
VWID | Virtus WMC International Dividend ETF | 27.1 | 49 | -24 | 7.4 | +1.4 |
VPL | Vanguard FTSE Pacific ETF | 27.0 | 8 | 17 | 6.4 | +0.4 |
DBEZ | Xtrackers MSCI Eurozone Hedged Equity ETF | 26.5 | 45 | -20 | 6.0 | +0.1 |
ACWI | iShares MSCI ACWI ETF | 26.4 | 32 | -7 | 5.0 | -1.0 |
QLVD | FlexShares Developed Markets ex-US Quality Low Volatility Id | 26.3 | 32 | -7 | 5.7 | -0.3 |
EURZ | Xtrackers Eurozone Equity ETF | 25.9 | 9 | 16 | 6.6 | +0.6 |
TOK | iShares MSCI Kokusai ETF | 25.5 | 25 | 0 | 4.9 | -1.1 |
DWMF | WisdomTree International Multifactor Fund | 25.5 | 38 | -13 | 6.2 | +0.2 |
CRBN | iShares MSCI ACWI Low Carbon Target ETF | 25.3 | 20 | 5 | 5.3 | -0.7 |
LOWC | SPDR MSCI ACWI Low Carbon Target ETF | 25.1 | 20 | 5 | 5.3 | -0.7 |
EUDG | WisdomTree Europe Quality Dividend Growth Fund | 24.9 | 58 | -33 | 6.5 | +0.5 |
KOKU | Xtrackers MSCI Kokusai Equity ETF | 24.9 | 9 | 16 | 5.0 | -1.0 |
IDMO | Invesco S&P International Developed Momentum ETF | 24.3 | 26 | -1 | 3.7 | -2.3 |
IDLV | Invesco S&P International Developed Low Volatility ETF | 24.3 | 25 | 0 | 6.2 | +0.2 |
IDHQ | Invesco S&P International Developed Quality ETF | 23.9 | 29 | -4 | 4.7 | -1.3 |
NUDM | Nuveen ESG International Developed Markets Equity ETF | 23.6 | 40 | -15 | 5.9 | -0.1 |
VT | Vanguard Total World Stock ETF | 23.3 | 8 | 17 | 5.3 | -0.7 |
INTF | iShares Edge MSCI Multifactor Intl ETF | 23.2 | 30 | -5 | 7.2 | +1.2 |
FIVA | Fidelity International Value Factor ETF | 22.9 | 39 | -14 | 8.8 | +2.8 |
RODE | Hartford Multifactor Diversified International ETF | 22.6 | 29 | -4 | 10.5 | +4.5 |
SPGM | SPDR Portfolio MSCI Global Stock Market ETF | 22.0 | 9 | 16 | 5.1 | -0.9 |
GSJY | Goldman Sachs ActiveBeta Japan Equity ETF | 21.9 | 25 | 0 | 6.2 | +0.2 |
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 International 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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