Skip to content
etf.net

Launched · SEC filings

Goldman Sachs MarketBeta Emerging Markets Equity ETF

GSEECboeGoldman SachsB

$62.87+0.15 (+0.24%)

As of Nov 2, 2026, 3:58 PM ET

B63/ 100

Rank 9 of 22 in Emerging Markets Stocks

B63/100Rank 9 of 22inEmerging Markets Stocks
Intraday session: up, 73 prints from 62.72 to 62.87. Range 62.72 to 63.16. Use the arrow keys to read each point.62.8063.0063.1010 AM12 PM2 PM4 PM
Expense ratio
0.36%*
Fund size
$129M
1Y total return
+10.7%
Yield · Last 12 months
2.29%
Holdings
1799
Avg volume · 30D
2.93K sh
52W range
low $54.70high $74.01
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Dec 29, 2026. Without it: 0.45%.

The ETF.net GSEE Grade

B

Score 63 out of 100

Category
Emerging Markets Stocks⁠
Rank
9 of 22
Six-pillar profile for GSEE. Scores out of 100: Cost 62, Risk 61, Mission 100, Tradability 10, Holdings 68, Durability 56. Strongest: Mission (100). Weakest: Tradability (10). Leans toward Mission.

Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B62 out of 100
    Rank 9 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 17

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 3 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F10 out of 100
    Rank 22 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B68 out of 100
    Rank 7 of 19

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B56 out of 100
    Rank 12 of 22

Our read on GSEE

ETF.net Research

In short

BThe emerging-markets leg of Goldman's plain-vanilla MarketBeta lineup: roughly 1,800 large and mid caps tracking a Solactive benchmark, China and all, at a fee below the category median.

Stated mandate

The Fund seeks to track, before fees and expenses, the performance of the Solactive GBS Emerging Markets Large & Mid Cap Index.

Why people hold it

  • Costs 0.36% net of a waiver through December 29, 2026 (0.45% gross), below the median fee among the emerging-markets funds measured in its category.gsam.com
  • Roughly 1,800 stocks. The index is built to capture about the largest 85% of emerging-market free float, so you hold the asset class rather than a curated slice of it.solactive.com
  • Passive index tracking is the whole mandate: no factor tilts, no screens, no active overlay. Measured against what the prospectus promises, it has stayed tight to the brief.
  • Keeps China in the mix, unlike ex-China rivals VEXC and XCEM that rank near the top of this category. One ticket for the full emerging-markets map.

Worth knowing

  • A small fund that trades thinly, so spreads and limit orders matter more here than with the category's household names.
  • Cheaper rivals exist: BKEM charges 0.11% for broad emerging markets, VEXC 0.07% for an ex-China build, and neither leans on a waiver.
  • That 0.36% rests on a waiver scheduled to lapse December 29, 2026; the gross expense ratio underneath it is 0.45%.

GSEE Performance

Launched May 12, 2020

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
GSEE$11,068
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. GSEE $11,068. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GSEE. Periods over one year show the average yearly return.
PeriodGSEE
Year to date+10.3%
1 month−9.6%
3 months−5.8%
1 year+10.7%
3 yearsper year+20.0%
5 yearsper year+6.3%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GSEE
YearReturn barGSEE
2026 YTD+10.3%
2025+33.4%
2024+4.9%
2023+11.0%
2022−19.5%
2021−2.6%
2020+43.6%

History from May 15, 2020

GSEE in the news

GSEE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
2.29%Last 12 months
Payout per share
$1.42Last 12 months
Last payment
$1.42 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2020–2026

One bar per payment. 14 payments from 2020 to 2026 YTD. Sep 24, 2020 $1.06; Dec 24, 2020 $0.26; Jun 24, 2021 $0.18; Sep 24, 2021 $1.64; Dec 27, 2021 $1.26; Mar 25, 2022 $0.72; Jun 24, 2022 $0.26; Sep 26, 2022 $0.22; Mar 27, 2023 $0.59; Jun 26, 2023 $0.22; Sep 25, 2023 $0.33; Dec 26, 2023 $0.15; Dec 23, 2024 $1.21; Dec 23, 2025 $1.42. Use the arrow keys to read each point.2020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 30, 2025$1.42
Dec 23, 2024Dec 30, 2024$1.21
Dec 26, 2023Jan 2, 2024$0.15
Sep 25, 2023Sep 29, 2023$0.33
Jun 26, 2023Jun 30, 2023$0.22
Mar 27, 2023Mar 31, 2023$0.59
Sep 26, 2022Sep 30, 2022$0.22
Jun 24, 2022Jun 30, 2022$0.26
Mar 25, 2022Mar 31, 2022$0.72
Dec 27, 2021Dec 31, 2021$1.26
Sep 24, 2021Sep 30, 2021$1.64
Jun 24, 2021Jun 30, 2021$0.18

See all 14 payments⁠

$10,000 in GSEE 5 years ago paid $1,212 in dividends.⁠

GSEE Risk

Risk pillarB61 out of 100Rank 3 of 22 in Emerging Markets Stocks
How much the fund’s monthly returns vary, scaled to a year.
16.2%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.94
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−30.9%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.12
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

GSEE Cost

Compare GSEE and VEXC

Overpaying vs VEXC, cheapest in Emerging Markets Stocks

$5,840

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GSEE 0.36%

    $7,320

  • VEXC 0.07% Cheapest

    $1,480

$10,000
30 years

Cost over time

  • GSEE 0.36%
  • VEXC 0.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530GSEE $7,320VEXC $1,480

Year by year

YearGSEEVEXCOverpaying
10$652$128$524
20$2,522$503$2,019
30$7,320$1,480$5,840
How the 0.36% is worked out

Full fee 0.45%− waiver 0.09%= you pay 0.36%

The waiver ends Dec 29, 2026. After that the fee is 0.45% unless Goldman Sachs renews it. Source: prospectus, Dec 2025.

Other funds in Emerging Markets Stocks

See others