GSIE
Goldman Sachs ActiveBeta International Equity ETF

Price: $35.79
Change: $0.13 (-0.0%)
Last Updated:

Vitals

Issuer Goldman Sachs
Structure ETF
Expense Ratio 0.25%
ETF Home Page Home page
Inception Nov 06, 2015

Analyst Report

The Goldman Sachs ActiveBeta International Equity ETF (GSIE) offers broad exposure to developed market stocks outside the U.S. with Goldman’s multi-factor twist. GSIE tracks a proprietary index that takes a multi-factor approach, looking for stocks that exhibit good value, strong momentum, high quality, and low volatility. Top holdings include Nestle, Roche and Novartis.


GSIE is reasonably priced for a smart-beta approach to developed markets, though it’s still more expensive than ultra-low-cost plain-vanilla rivals like the iShares Core MSCI EAFE ETF (IEFA) and the Vanguard FTSE Developed Markets ETF (VEA). They lack fancy factors but offer similar exposure and great liquidity at a fraction of the price. There’s also competition to consider in the multi-factor space, including the JPMorgan Diversified Return International Equity ETF (JPIN) or the iShares Edge MSCI Multi-factor International ETF (INTF).

ETF Database Themes

Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Blend
Region (General) Developed Markets
Region (Specific) Broad

FactSet Classifications

Segment Equity: Developed Markets Ex-U.S. - Total Market
Category Size and Style
Focus Total Market
Niche Broad-based
Strategy Multi-factor
Weighting Scheme Tiered

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $27.72
  • 52 Week Hi $36.54
  • AUM $3,785.8 M
  • Shares 105.6 M

Historical Trading Data

  • 1 Month Avg. Volume 264,522
  • 3 Month Avg. Volume 279,337

Alternative ETFs in the ETF Database Foreign Large Cap Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPDW 0.03% $21.5 B 2 M 11.49%
Largest (AUM) VEA 0.06% $141.6 B 8 M 11.25%
Most Liquid (Volume) EFA 0.35% $57.6 B 11 M 11.86%
Top YTD Performer DINT 0.66% $193.9 M 8,498 36.59%

Alternative ETFs in the FactSet Equity: Developed Markets Ex-U.S. - Total Market Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPDW 0.03% $21.5 B 2 M 11.49%
Largest (AUM) VEA 0.06% $141.6 B 8 M 11.25%
Most Liquid (Volume) VEA 0.06% $141.6 B 8 M 11.25%
Top YTD Performer PIZ 0.80% $139.6 M 11,849 19.11%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

GSIE ETF Database Category Average FactSet Segment Average
Number of Holdings 684 743 1007
% of Assets in Top 10 10.19% 24.76% 17.04%
% of Assets in Top 15 13.34% 30.75% 22.84%
% of Assets in Top 50 27.25% 55.92% 48.11%

Size Comparison

GSIE ETF Database Category Average FactSet Segment Average
Large (>12.9B) 73.47% 70.35% 74.90%
Mid (>2.7B) 25.97% 20.50% 19.96%
Small (>600M) 0.00% 2.28% 4.13%
Micro (<600M) 0.00% 0.11% 0.39%

GSIE Valuation

This section compares the P/E ratio of this ETF to its peers.

GSIE
P/E Ratio
11.61
ETF Database Category Average
P/E Ratio
10.23
FactSet Segment Average
P/E Ratio
7.87

GSIE Dividend

This section compares the dividend yield of this ETF to its peers.

GSIE ETF Database Category Average FactSet Segment Average
Dividend $ 0.23 $ 0.46 $ 0.38
Dividend Date 2024-09-24 N/A N/A
Annual Dividend Rate $ 0.96 $ 1.29 $ 1.11
Annual Dividend Yield 2.65% 3.04% 2.65%

GSIE Price and Volume Charts

View charts featuring GSIE price and volume data.

GSIE Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 14.36 M 1 Month Net Flows: 14.36 M 3 Month Net Flows: -2.37 M 6 Month Net Flows: -2.37 M 1 Year Net Flows: 44.1 M 3 Year Net Flows: 578.76 M 5 Year Net Flows: 1.66 B 10 Year Net Flows: 3.16 B

GSIE Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 31.17 M
1 Month Net AUM Change: 72.2 M
3 Month Net AUM Change: 203.59 M
6 Month Net AUM Change: 150.74 M
1 Year Net AUM Change: 584.74 M
3 Year Net AUM Change: 685.68 M
5 Year Net AUM Change: 2.2 B
10 Year Net AUM Change: 3.76 B

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for GSIE on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Foreign Large Cap Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- EFA
Expenses A- SPDW
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

GSIE Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

GSIE
Expense Ratio
0.25%
ETF Database Category Average
Expense Ratio
0.39%
FactSet Segment Average
Expense Ratio
0.35%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
7.55/10
ESG Score
88.56%
Global Percentile
41.56%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      7.84%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      97.1
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      7.84%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      8.43%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

GSIE Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

GSIE ETF Database
Category Average
Factset Segment
Average
1 Month Return 0.18% 0.99% 0.08%
3 Month Return 6.97% 6.69% 4.80%
YTD Return 12.20% 12.22% 9.04%
1 Year Return 26.13% 26.28% 19.94%
3 Year Return 4.51% 4.42% 3.20%
5 Year Return 7.85% 6.66% 4.37%

Geographic Exposure

The following charts reflect the geographic spread of GSIE's underlying holdings.

Region Percentage
Europe 57.85%
Asia Pacific 29.91%
North, Central and South America 12.1%
Other 0.26%
Country Percentage
Japan 20.54%
United Kingdom 11.48%
Canada 10.19%
France 9.52%
Switzerland 8.41%
Germany 8.15%
Australia 6.0%
Netherlands 4.52%
Sweden 3.23%
Denmark 2.99%
Italy 2.9%
Spain 2.41%
Singapore 1.6%
Hong Kong 1.21%
Israel 1.08%
Other 0.94%
Belgium 0.93%
Finland 0.87%
Ireland 0.67%
Luxembourg 0.62%
Austria 0.54%
Norway 0.53%
New Zealand 0.37%
Portugal 0.19%
Bermuda 0.19%
United States 0.04%

Holdings Analysis

The following charts reflect the allocation of GSIE's underlying holdings.

Sector Percentage
Finance 24.17%
Health Technology 11.34%
Retail Trade 7.1%
Technology Services 6.86%
Producer Manufacturing 6.79%
Consumer Non-Durables 6.77%
Electronic Technology 5.52%
Consumer Durables 4.06%
Energy Minerals 3.82%
Non-Energy Minerals 3.39%
Process Industries 3.08%
Industrial Services 2.52%
Transportation 2.5%
Utilities 2.44%
Commercial Services 2.42%
Communications 2.19%
Distribution Services 1.95%
Consumer Services 1.72%
Miscellaneous 0.68%
Health Services 0.54%
Other 0.26%
Market Cap Percentage
Large 73.47%
Mid 25.97%
Small 0.0%
Micro 0.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 97.43%
Preferred Equity 1.16%
Open-ended Fund 0.68%
American Depositary Receipt 0.35%
Other 0.26%
Depositary Receipts/Certificates 0.24%
Sector Percentage
Finance 24.17%
Health Technology 11.34%
Retail Trade 7.1%
Technology Services 6.86%
Producer Manufacturing 6.79%
Consumer Non-Durables 6.77%
Electronic Technology 5.52%
Consumer Durables 4.06%
Energy Minerals 3.82%
Non-Energy Minerals 3.39%
Process Industries 3.08%
Industrial Services 2.52%
Transportation 2.5%
Utilities 2.44%
Commercial Services 2.42%
Communications 2.19%
Distribution Services 1.95%
Consumer Services 1.72%
Miscellaneous 0.68%
Health Services 0.54%
Other 0.26%

GSIE Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 75.01%
20 Day Volatility 14.03%
50 Day Volatility 16.13%
200 Day Volatility 13.92%
Beta 0.87
Standard Deviation 2.02%
5 Day Volatility
75.01%
Rank
20 of 100

20 Day Volatility
14.03%
Rank
58 of 100

50 Day Volatility
16.13%
Rank
65 of 100

200 Day Volatility
13.92%
Rank
65 of 100

Beta
0.87
Rank
40 of 100

Standard Deviation
2.02%
Rank
52 of 100

Technicals

  • 20 Day MA $35.56
  • 60 Day MA $34.72
  • MACD 15 Period -0.02
  • MACD 100 Period 1.42
  • Williams % Range 10 Day 80.22
  • Williams % Range 20 Day 34.19
  • RSI 10 Day 52
  • RSI 20 Day 56
  • RSI 30 Day 56
  • Ultimate Oscillator 56

Bollinger Bands

  • Lower Bollinger (10 Day) $35.57
  • Upper Bollinger (10 Day) $36.44
  • Lower Bollinger (20 Day) $34.49
  • Upper Bollinger (20 Day) $36.62
  • Lower Bollinger (30 Day) $34.58
  • Upper Bollinger (30 Day) $36.43

Support & Resistance

  • Support Level 1 $35.66
  • Support Level 2 $35.54
  • Resistance Level 1 $35.89
  • Resistance Level 2 $36.00

Stochastic

  • Stochastic Oscillator %D (1 Day) 54.94
  • Stochastic Oscillator %D (5 Day) 38.70
  • Stochastic Oscillator %K (1 Day) 52.23
  • Stochastic Oscillator %K (5 Day) 53.85

Tradability

  • Tracking Difference Median (%) 0.01
  • Tracking Difference Max Upside (%) 0.08
  • Tracking Difference Max Downside (%) -0.07
  • Median Premium Discount (%) 0.06
  • Maximum Premium Discount (%) 2.02
  • Average Spread (%) 1.04
  • Average Spread ($) 1.04

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

A fact sheet is not available for this ETF. Please visit the GSIE ETF home page for more information.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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