GSEE
Goldman Sachs MarketBeta Emerging Markets Equity ETF
GSEE tracks an index of emerging markets equities, selected and weighted by market capitalization.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
138.4 M
ASSETS UNDER MGMT
36 bp
EXPENSES
Fund Basics
| Fund sponsor | Goldman Sachs |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | May 12, 2020 |
| Assets (mns) | $138 |
| Expense ratio | 36 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 10.9 % |
| TENCENT HOLDINGS LTD | 4.2 % |
| SAMSUNG ELECTRONICS CO LTD | 3.6 % |
| RELIANCE INDS-SPONS GDR 144A | 3.0 % |
| ALIBABA GROUP HOLDING LTD. | 2.7 % |
| HYNIX SEMICONDUCTOR INC | 2.2 % |
| HDFC BANK LIMITED | 1.2 % |
| CHINA CONSTRUCTION BANK-H | 0.9 % |
| INTERNATIONAL HOLDINGS COMPANY PJSC | 0.9 % |
| HON HAI PRECISION INDUSTRY | 0.8 % |
Constituent Breakdown
| Number of holdings | 2003 |
| Herfindahl-Hirschman Index | 206 |
| Wgt avg mkt cap (mns) | $259,764 |
| Large cap (>$10bn) | 83.7% |
| Mid cap ($2-10bn) | 17.7% |
| Small cap (<$2bn) | 1.3% |
| Developed mkts. | 2.9% |
| Emerging mkts. | 103.3% |
Country Exposure
 |
CHINA | 23.8 % |
 |
TAIWAN | 19.7 % |
 |
INDIA | 15.9 % |
 |
SOUTH KOREA | 12.8 % |
 |
BRAZIL | 3.3 % |
 |
SAUDI ARABIA | 2.8 % |
 |
SOUTH AFRICA | 2.7 % |
 |
UAE | 2.0 % |
 |
MEXICO | 1.7 % |
 |
THAILAND | 1.2 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 30.1% | 30.1% | 15.3% | 12.6% | 0.5% | -- | -- | 6.6% |
| Dividend Yield | 3.3% | 3.3% | 3.0% | 3.2% | 3.5% | -- | -- | 3.8% |
| Total Returns | 33.4% | 33.4% | 18.3% | 15.8% | 4.0% | -- | -- | 10.4% | Ann. Volatility | 17.3% | 17.3% | 16.1% | 15.6% | 17.6% | -- | -- | 17.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.67 | 57% |
| MSCI EAFE | 0.83 | 62% |
| MSCI Emg Mkts | 0.97 | 96% |
Liquidity Measures
| Avg. volume (000) | 4 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.64% |
Technical Indicators
| 30d moving avg. (EMA) | $56.54 |
| Relative strength (RSI) | 65 |
| MACD/Signal | 0.91/0.62 |
| Bollinger Bands (Upper/Lower) | $59.43/$53.58 |
| Short interest (% of AUM) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GSEE |
Expenses vs. GSEE |
ALTAR Score™ vs. GSEE |
|---|---|---|---|---|
| BKEM | BNY Mellon Emerging Markets Equity ETF | 90.0% | -25 bp | +9.2% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 85.1% | -21 bp | +9.4% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 85.0% | +30 bp | +8.7% |
| EEM | iShares MSCI Emerging Markets ETF | 78.5% | +33 bp | +9.2% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 75.7% | -6 bp | +9.5% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 75.2% | -27 bp | +9.5% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 74.6% | -17 bp | +8.6% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 72.7% | -21 bp | +9.2% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 69.0% | +13 bp | +9.0% |
| VWO | Vanguard FTSE Emerging Markets ETF | 68.9% | -29 bp | +9.7% |
Risk and Returns: GSEE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 1/11/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
GSEE
9.0%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 136 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.5%. GSEE's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places GSEE in the 68th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GSEESELL
U/W
HOLD
O/W
BUY