GSEU vs VOO
GSEU vs VOO
Goldman Sachs ActiveBeta Europe Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. GSEU delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GSEU | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $119M | $979.0B | |
| Dividend Yield | 2.79% | 1.09% | |
| Holdings | 366 | 509 | |
| YTD Return | +11.29% | +13.11% | |
| 1Y Return | +23.39% | +22.88% | |
| 3Y Return (annualized) | +17.37% | +21.08% | |
| 5Y Return (annualized) | +8.97% | +13.26% | |
| Volatility (annualized) | 16.1% | 14.1% | |
| Max Drawdown | -39.4% | -34.3% | |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 2, 2016 | Sep 7, 2010 |
GSEU vs VOO Performance
Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) 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 GSEU returned +23.39% while VOO returned +22.88%. Year to date, GSEU is up 11.29% versus a gain of 13.11% for VOO.
Over three years, GSEU compounded at +17.37% per year against +21.08% for VOO; over five years the annualized figures are +8.97% and +13.26% respectively. Across the full 10-year window we track, VOO has the edge at +13.54% annualized vs +8.31%. 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 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 -39.4% for GSEU 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 0.80. 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 2.79% against 1.09% for VOO.
Holdings Overlap
GSEU and VOO 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 VOO?
GSEU 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, GSEU or VOO?
Over the past year GSEU returned +23.39% vs +22.88% for VOO, so GSEU leads on 1-year performance. Over the longest common window we track (10 years), GSEU annualized +8.31% vs +13.54% for VOO. Past performance does not guarantee future results.
Which is riskier, GSEU or VOO?
GSEU has been the more volatile fund at 16.1% annualized versus 14.1% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GSEU and VOO?
GSEU and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 852 unique securities.
Which pays a higher dividend, GSEU or VOO?
GSEU yields 2.79% while VOO yields 1.09%, so GSEU currently pays the higher dividend yield.
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