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Goldman Sachs ActiveBeta Europe Equity ETF

GSEU
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 02 2016
Expense Ratio
0.25%
Type
Global Ex. US Equities
Fund Owner
Goldman Sachs
Volume (1m avg. daily)
$123,749
AUM
$11,301,332
Associated Index
Goldman Sachs ActiveBeta Europe Equity Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

NESN
Nestle SA
2.75%
NOVOB
NOVO NORDISK A/S-B
2.57%
ASML
ASML HOLDING NV
2.36%
MC
LVMH MOET HENNESSY LOUIS VUI
2.22%
ROG
Roche Holding AG
1.99%
AZN
ASTRAZENECA PLC
1.76%
SHEL
SHELL PLC
1.57%
NOVN
Novartis AG - Registered Shares
1.56%
TTE
TOTALENERGIES SE
1.21%
OR
L'OREAL
1.13%
Invest with GSEU

What is GSEU?

The Goldman Sachs ActiveBeta Europe Equity ETF (the Fund ) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta Europe Equity Index (the Index ), which delivers exposure to equity securities of developed market issuers in Europe. The Fund s equity investments are subject to market risk, which means that the value of the securities in which it invests may go up or down in response to the prospects of individual companies, particular sectors and/or general economic conditions. Foreign investments may be more volatile and less liquid than investments in U.S. securities and are subject to the risks of currency fluctuations and adverse economic or political developments. The Fund may invest heavily in investments in Europe and may be subject to greater losses than if it were less concentrated in Europe. Because the Fund may concentrate its investments in an industry or group of industries to the extent that the Index is concentrated, the Fund may be subject to greater risk of loss as a result of adverse economic, business or other developments affecting that industry or group of industries. The securities of mid- and small-capitalization companies involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements. The Fund is not actively managed, and therefore the Fund will not generally dispose of a security unless the security is removed from the Index. The Index calculation methodology may rely on information based on assumptions and estimates and neither the Fund nor its investment adviser can guarantee the accuracy of the methodology s assessment of included issuers. Performance may vary substantially from the performance of the Index as a result of transaction costs, expenses and other factors.

ETFs related toGSEU

ETFs correlated to GSEU include VGK, BBEU, SPEU

GSEU
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta Europe Equity ETF
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
BBEU
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Europe ETF
SPEU
SSgA Active Trust - SPDR Portfolio Europe ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Europe ETF
IEV
BlackRock Institutional Trust Company N.A. - iShares Europe ETF
EZU
BlackRock Institutional Trust Company N.A. - iShares MSCI EMU ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
BBIN
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International Equity ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGSEU

#TSMO

Treasury and Stock Momentum

Category

Momentum, Be Risk Aware

Risk Rating

Aggressive

#SWITCH

Asset Switching

Category

Momentum, Grow Your Portfolio

Risk Rating

Aggressive

Create your own algorithmic trading strategy with GSEU using Composer

FAQ

GSEU is a Global Ex. US Equities ETF. The Goldman Sachs ActiveBeta Europe Equity ETF (the Fund ) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta Europe Equity Index (the Index ), which delivers exposure to equity securities of developed market issuers in Europe. The Fund s equity investments are subject to market risk, which means that the value of the securities in which it invests may go up or down in response to the prospects of individual companies, particular sectors and/or general economic conditions. Foreign investments may be more volatile and less liquid than investments in U.S. securities and are subject to the risks of currency fluctuations and adverse economic or political developments. The Fund may invest heavily in investments in Europe and may be subject to greater losses than if it were less concentrated in Europe. Because the Fund may concentrate its investments in an industry or group of industries to the extent that the Index is concentrated, the Fund may be subject to greater risk of loss as a result of adverse economic, business or other developments affecting that industry or group of industries. The securities of mid- and small-capitalization companies involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements. The Fund is not actively managed, and therefore the Fund will not generally dispose of a security unless the security is removed from the Index. The Index calculation methodology may rely on information based on assumptions and estimates and neither the Fund nor its investment adviser can guarantee the accuracy of the methodology s assessment of included issuers. Performance may vary substantially from the performance of the Index as a result of transaction costs, expenses and other factors.

GSEU tracks the Goldman Sachs ActiveBeta Europe Equity Index.

No, GSEU is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GSEU is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GSEU is -0.0254%. This is the percent change in the value of GSEU over the most recent 1-month period. The 3-month return on GSEU is 0.053%. This is the percent change in the value of GSEU over the most recent 3-month period.

The standard deviation of GSEU for the past year is 0.2236%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GSEU include VEA, EEM, and VPL.

ETFs correlated to GSEU include VGK, BBEU, and SPEU.

ETFs that are inversely correlated to GSEU include EPV, EFZ, and SEF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.