GSIE vs VOO
Goldman Sachs ActiveBeta International Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. GSIE offers more diversification with 673 holdings.
Side-by-Side Comparison
| Metric | GSIE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $6.1B | $997.4B | |
| Dividend Yield | 2.50% | 1.08% | |
| Holdings | 673 | 509 | |
| YTD Return | +13.11% | +12.68% | |
| 1Y Return | +21.44% | +21.87% | |
| 3Y Return (annualized) | +19.52% | +22.06% | |
| 5Y Return (annualized) | +9.27% | +12.95% | |
| Volatility (annualized) | 14.5% | 14.1% | |
| Max Drawdown | -37.2% | -34.3% | |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 6, 2015 | Sep 7, 2010 |
GSIE vs VOO Performance
Goldman Sachs ActiveBeta International Equity ETF (GSIE) 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 GSIE returned +21.44% while VOO returned +21.87%. Year to date, GSIE is up 13.11% versus a gain of 12.68% for VOO.
Over three years, GSIE compounded at +19.52% per year against +22.06% for VOO; over five years the annualized figures are +9.27% and +12.95% respectively. Across the full 11-year window we track, VOO has the edge at +13.47% annualized vs +7.92%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GSIE has been the more volatile fund, with annualized monthly volatility of 14.5% 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 -37.2% for GSIE 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GSIE 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, GSIE currently yields 2.50% against 1.08% for VOO.
Holdings Overlap
GSIE and VOO share 0 holdings out of 1144 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, GSIE or VOO?
GSIE has an expense ratio of 0.25% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, GSIE or VOO?
Over the past year GSIE returned +21.44% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (11 years), GSIE annualized +7.92% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, GSIE or VOO?
GSIE has been the more volatile fund at 14.5% annualized versus 14.1% for VOO. Worst drawdown: GSIE -37.2% vs VOO -34.3%.
Should I hold both GSIE and VOO?
GSIE and VOO have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GSIE and VOO?
GSIE and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1144 unique securities.
Which pays a higher dividend, GSIE or VOO?
GSIE yields 2.50% while VOO yields 1.08%, so GSIE currently pays the higher dividend yield.
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