GSEU vs VOO
Goldman Sachs ActiveBeta Europe Equity ETF vs Vanguard S&P 500 ETF
Which is better, GSEU or VOO?
VOO has been ahead.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. GSEU is less concentrated, with 18.1% of the fund in its ten largest positions against 37.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GSEU | VOO |
|---|---|---|
| Expense Ratio | 0.25% | 0.03%Best |
| AUM | $170M | $1.0T |
| Dividend Yield | 2.69% | 1.04% |
| Holdings | 680 | 506 |
| YTD Return | +5.14% | +13.59%Best |
| 1Y Return | +10.52% | +16.33%Best |
| 3Y Return (annualized) | +18.47% | +23.81%Best |
| 5Y Return (annualized) | +8.93% | +14.02%Best |
| Volatility (annualized) | 16.1% | 15.0%Best |
| Max Drawdown | -39.4% | -34.3%Best |
| $10,000 over 5 years | $15,337 | $19,271Best |
| Top 10 Weight | 18.1%Best | 37.6% |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 2, 2016 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Mar 4, 2016 to Oct 2, 2026 (10.6 years).
GSEU vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 10.6 years both funds cover.
GSEU vs VOO Performance
Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) is an ETF from Goldman Sachs Asset Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year GSEU returned +10.52% while VOO returned +16.33%. Year to date, GSEU is up 5.14% versus a gain of 13.59% for VOO.
Over three years, GSEU compounded at +18.47% per year against +23.81% for VOO; over five years the annualized figures are +8.93% and +14.02% respectively. Across the full 11-year window we track, VOO has the edge at +14.46% annualized vs +7.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GSEU has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 15.0% 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 -39.4% for GSEU and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GSEU charges 0.25% per year while VOO charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, GSEU currently yields 2.69% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 339 holdings in GSEU and 494 in VOO, totalling 99.7% and 99.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 46 days apart, GSEU as of Sep 15, 2026 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 339 positions we hold weights for in GSEU and 494 in VOO, against full books of 680 and 506.
What only one of them owns
Our book lists 487 positions for VOO that do not appear in our book for GSEU (99.2% of the fund), and 6 for GSEU that do not appear in VOO (3.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of GSEU and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GSEU or VOO?
GSEU has an expense ratio of 0.25% while VOO charges 0.03%. VOO is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, GSEU or VOO?
Over the past year GSEU returned +10.52% vs +16.33% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (11 years), GSEU annualized +7.60% vs +14.46% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSEU or VOO?
GSEU has been the more volatile fund at 16.1% annualized versus 15.0% for VOO. Worst drawdown: GSEU -39.4% vs VOO -34.3%.
Should I hold both GSEU and VOO?
GSEU and VOO have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GSEU or VOO?
GSEU yields 2.69% while VOO yields 1.04%, so GSEU currently pays the higher dividend yield.
Is VOO better than GSEU?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. GSEU is less concentrated, with 18.1% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.