GSEE vs SCHD
Goldman Sachs MarketBeta Emerging Markets Equity ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. GSEE offers more diversification with 2,010 holdings.
Side-by-Side Comparison
| Metric | GSEE | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.06% | |
| AUM | $137M | $108.7B | |
| Dividend Yield | 2.26% | 3.13% | |
| Holdings | 2,010 | 104 | |
| YTD Return | +17.74% | +28.63% | |
| 1Y Return | +30.37% | +32.53% | |
| 3Y Return (annualized) | +20.91% | +16.97% | |
| 5Y Return (annualized) | +8.37% | +10.47% | |
| Volatility (annualized) | 16.5% | 13.7% | |
| Max Drawdown | -37.5% | -33.4% | |
| Fund Family | Goldman Sachs Asset Management | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 12, 2020 | Oct 20, 2011 |
GSEE vs SCHD Performance
Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) is a ETF from Goldman Sachs Asset Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year GSEE returned +30.37% while SCHD returned +32.53%. Year to date, GSEE is up 17.74% versus a gain of 28.63% for SCHD.
Over three years, GSEE compounded at +20.91% per year against +16.97% for SCHD; over five years the annualized figures are +8.37% and +10.47% respectively. Across the full 6-year window we track, GSEE has the edge at +12.24% annualized vs +11.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GSEE has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 13.7% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -37.5% for GSEE and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GSEE charges 0.36% per year while SCHD charges 0.06%. On a $10,000 position that is $36 vs $6 annually, a gap of $30 per year that compounds over a long holding period. On income, GSEE currently yields 2.26% against 3.13% for SCHD.
Holdings Overlap
GSEE and SCHD share 0 holdings out of 1321 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GSEE or SCHD?
GSEE has an expense ratio of 0.36% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, GSEE or SCHD?
Over the past year GSEE returned +30.37% vs +32.53% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), GSEE annualized +12.24% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, GSEE or SCHD?
GSEE has been the more volatile fund at 16.5% annualized versus 13.7% for SCHD. Worst drawdown: GSEE -37.5% vs SCHD -33.4%.
Should I hold both GSEE and SCHD?
GSEE and SCHD have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GSEE and SCHD?
GSEE and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1321 unique securities.
Which pays a higher dividend, GSEE or SCHD?
GSEE yields 2.26% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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