GSEU vs IVV
GSEU vs IVV
Goldman Sachs ActiveBeta Europe Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. GSEU delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GSEU | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $119M | $865.2B | |
| Dividend Yield | 2.79% | 1.09% | |
| Holdings | 366 | 508 | |
| YTD Return | +11.29% | +13.13% | |
| 1Y Return | +23.39% | +22.90% | |
| 3Y Return (annualized) | +17.37% | +21.08% | |
| 5Y Return (annualized) | +8.97% | +13.27% | |
| Volatility (annualized) | 16.1% | 15.1% | |
| Max Drawdown | -39.4% | -56.5% | |
| Fund Family | Goldman Sachs Asset Management | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 2, 2016 | May 15, 2000 |
GSEU vs IVV Performance
Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) is a ETF from Goldman Sachs Asset Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GSEU returned +23.39% while IVV returned +22.90%. Year to date, GSEU is up 11.29% versus a gain of 13.13% for IVV.
Over three years, GSEU compounded at +17.37% per year against +21.08% for IVV; over five years the annualized figures are +8.97% and +13.27% respectively. Across the full 10-year window we track, GSEU has the edge at +8.31% annualized vs +7.02%. 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 15.1% for IVV. 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 -56.5% for IVV. 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GSEU charges 0.25% per year while IVV 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 2.79% against 1.09% for IVV.
Holdings Overlap
GSEU and IVV share 0 holdings out of 852 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, GSEU or IVV?
GSEU has an expense ratio of 0.25% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, GSEU or IVV?
Over the past year GSEU returned +23.39% vs +22.90% for IVV, so GSEU leads on 1-year performance. Over the longest common window we track (10 years), GSEU annualized +8.31% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, GSEU or IVV?
GSEU has been the more volatile fund at 16.1% annualized versus 15.1% for IVV. Worst drawdown: GSEU -39.4% vs IVV -56.5%.
Should I hold both GSEU and IVV?
GSEU and IVV have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GSEU and IVV?
GSEU and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 852 unique securities.
Which pays a higher dividend, GSEU or IVV?
GSEU yields 2.79% while IVV yields 1.09%, so GSEU currently pays the higher dividend yield.
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