GSEE vs VOO
Goldman Sachs MarketBeta Emerging Markets Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. GSEE delivered stronger 1-year returns. GSEE offers more diversification with 2,010 holdings.
Side-by-Side Comparison
| Metric | GSEE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.03% | |
| AUM | $137M | $997.4B | |
| Dividend Yield | 2.26% | 1.08% | |
| Holdings | 2,010 | 509 | |
| YTD Return | +18.32% | +12.25% | |
| 1Y Return | +31.19% | +20.92% | |
| 3Y Return (annualized) | +21.09% | +21.79% | |
| 5Y Return (annualized) | +8.45% | +13.05% | |
| Volatility (annualized) | 16.5% | 14.1% | |
| Max Drawdown | -37.5% | -34.3% | |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 12, 2020 | Sep 7, 2010 |
GSEE vs VOO Performance
Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) is a ETF from Goldman Sachs Asset Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year GSEE returned +31.19% while VOO returned +20.92%. Year to date, GSEE is up 18.32% versus a gain of 12.25% for VOO.
Over three years, GSEE compounded at +21.09% per year against +21.79% for VOO; over five years the annualized figures are +8.45% and +13.05% respectively. Across the full 6-year window we track, VOO has the edge at +13.45% annualized vs +12.32%. 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 14.1% for VOO. 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 -34.3% for VOO. 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GSEE charges 0.36% per year while VOO charges 0.03%. On a $10,000 position that is $36 vs $3 annually, a gap of $33 per year that compounds over a long holding period. On income, GSEE currently yields 2.26% against 1.08% for VOO.
Holdings Overlap
GSEE and VOO share 1 holdings out of 1725 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GSEE | Weight in VOO | Difference |
|---|---|---|---|
| HAL | 0.07% | 0.04% | 0.03% |
Frequently Asked Questions
Which is cheaper, GSEE or VOO?
GSEE has an expense ratio of 0.36% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, GSEE or VOO?
Over the past year GSEE returned +31.19% vs +20.92% for VOO, so GSEE leads on 1-year performance. Over the longest common window we track (6 years), GSEE annualized +12.32% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, GSEE or VOO?
GSEE has been the more volatile fund at 16.5% annualized versus 14.1% for VOO. Worst drawdown: GSEE -37.5% vs VOO -34.3%.
Should I hold both GSEE and VOO?
GSEE and VOO have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GSEE and VOO?
GSEE and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1725 unique securities.
Which pays a higher dividend, GSEE or VOO?
GSEE yields 2.26% while VOO yields 1.08%, so GSEE currently pays the higher dividend yield.
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