Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Goldman Sachs ActiveBeta Japan Equity ETF
$55.73−0.02 (−0.04%)
- 0.25%
- $100M
- +30.7%
- 1.92%
- 0M sh
- $55.55
- low $44.14high $57.19
The ETF.net GSJY Grade
B
Score 68 out of 100
- 7 of 18
Score 68 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.A82 out of 100Rank 4 of 18Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 14Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C48 out of 100Rank 11 of 18Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F16 out of 100Rank 16 of 18Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B62 out of 100Rank 8 of 18Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C53 out of 100Rank 12 of 18
Our read on GSJY
BMost Japan ETFs just buy the market. GSJY runs Goldman's ActiveBeta screen instead, tilting a basket of roughly 220 Japanese stocks toward value, momentum, quality and low volatility for a quarter-percent fee.
The fund seeks investment results that closely correspond, before fees and expenses, to the Goldman Sachs ActiveBeta Japan Equity Index.
Why people hold it
- Four factor tilts (value, momentum, quality, low volatility) in one ticker, in a corner of the market where nearly everything else is plain cap-weighted Japan.
- 0.25% a year, half the typical fee in the Japan group. Multi-factor strategies usually cost more than the index funds they sit beside, not less.
- It hugs the Goldman Sachs ActiveBeta Japan Equity Index it names, with holdings that match the stated mandate. For a rules-based fund, that is the entire job.
- Live since 2016, so the recipe has run through real Japanese market weather rather than a backtest, and it stands in the upper half of its Japan peer group.
Worth knowing
- Straight Japan exposure comes cheaper elsewhere: FLJP at 0.09% and BBJP at 0.19%. The gap is what the factor tilts cost you.
- A smaller, lightly traded fund next to the category's giants, so the spread can matter as much as the expense ratio on the way in and out.
- Those tilts cut both ways: the fund can look meaningfully different from a standard Japan index. Cash comes back once or twice a year, not quarterly.
GSJY Holdings
- Stocks
- 161
- 29%
- 6857.T
Sectors
- Industrials22.1%
- Technology21.3%
- Financials21.1%
- Consumer Discretionary11.6%
- Communication6.9%
- Health Care4.6%
- Consumer Staples3.9%
- Energy3.3%
- Materials3.1%
- Utilities1.5%
- Real Estate0.8%
Geography
- Japan100.00%
Developed 100% · Emerging 0%
GSJY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
GSJY$13,066
Returns run to the Oct 12, 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.
| Period | GSJY |
|---|---|
| Year to date | +20.9% |
| 1 month | −1.0% |
| 3 months | +5.2% |
| 1 year | +30.7% |
| 3 years | +20.9% |
| 5 years | +10.6% |
| 10 years | +9.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GSJY |
|---|---|---|
| 2026 YTD | +20.9% | |
| 2025 | +26.2% | |
| 2024 | +8.9% | |
| 2023 | +19.2% | |
| 2022 | −16.2% | |
| 2021 | +0.4% | |
| 2020 | +13.8% |
GSJY in the news
GSJY Dividends
- 1.92%
- $1.07
- $0.41 per share
- Twice a year
Distribution history
GSJY Risk
- 11.6%
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.
- 1.30
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.
- −28.5%
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.
- 0.92
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GSJY Cost
0.25%
GSJY0.25%
- The middle half of Japan funds
- Median 0.54%
3 of the 18 Japan funds charge less.
Other funds in Japan
- ASCJiShares MSCI Japan Small-Cap ETFExpense ratio 0.50%1 year return +28.2%
- AEWJiShares MSCI Japan ETFExpense ratio 0.49%1 year return +29.6%
- BDFJWisdomTree Japan SmallCap Dividend FundExpense ratio 0.58%1 year return +32.4%
- BDBJPXtrackers MSCI Japan Hedged Equity ETFExpense ratio 0.45%1 year return +39.8%
- BDXJWisdomTree Japan Hedged Equity FundExpense ratio 0.48%1 year return +43.2%