FDT vs GSWO: Grades, Fees and Holdings Compared

First Trust Developed Markets ex-US AlphaDEX Fund

FDTDNasdaq

Goldman Sachs ActiveBeta World Equity ETF

GSWOACboe

Overlap

6.1%by weight

Expense ratio

GSWO −0.65pt a year

FDT0.80%GSWO0.15%

Avg volume · 30D

FDT 1.9×the volume

FDT122KGSWO64K

FDT vs GSWO Performance

Jul 31, 2026 – Oct 30, 2026

−0.7%FDT+0.5%GSWO

Expense ratio: FDT 0.80%; GSWO 0.15%, better
Fund size: FDT $1.35B; GSWO $1.79B
1Y total return: FDT +18.5%; GSWO No data
Yield (12M): FDT 3.10%, better; GSWO 1.46%
Holdings: FDT 313; GSWO 751
Avg volume (30D): FDT 122K sh, better; GSWO 64K sh
NAV per share: FDT $88.49; GSWO $64.95
52W range

ETF.net Grade

Pillar letters and Scores for FDT, GSWO, with each pillar’s weight
Pillar	FDT	GSWO
Cost30% weight	F5	A98Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	D29	B67Higher
Tradability15% weight	A75	A86Higher
Holdings10% weight	A79Higher	F22
Durability5% weight	A71Higher	B62

Rank among International Multifactor funds

How we build Categories ›

Same Category. FDT and GSWO are both graded against the same 30 International Multifactor funds, so their Grades compare head to head.

International Multifactor⁠

Category · 30 funds

See all 30 ›

GSWO ranks 3rd and FDT 21st of 30 funds in the International Multifactor Category.

Rank 1AINTFiShares International Equity Factor ETFScore 79
Rank 2ADFAIDimensional International Core Equity Market ETFScore 77
Rank 3AGSWOGoldman Sachs ActiveBeta World Equity ETFScore 76
Rank 4AFDEVFidelity International Multifactor ETFScore 73
Rank 20CJHMDJohn Hancock Multifactor Developed International ETFScore 45
Rank 21DFDTFirst Trust Developed Markets ex-US AlphaDEX FundScore 38
Rank 21DRWINRayliant NxtGen Multifactor International Equity ETFScore 38

Our read on each fund

ETF.net Research

FDTDFirst Trust Developed Markets ex-US AlphaDEX Fund

GSWOAGoldman Sachs ActiveBeta World Equity ETF

In short

FDT A 2011-vintage quant screen pointed at developed markets outside the US: rank stocks on growth and value signals, hold roughly 300 of them, ignore market cap. That conviction costs more than most multifactor rivals.

GSWO Four factor tilts (value, momentum, quality, low volatility) on developed markets outside the US, for 15 basis points. Goldman's ActiveBeta rules at a price closer to an index fund than an active one.

Stated mandate

FDT The Fund seeks investment results that generally correspond to the price and yield of the Nasdaq AlphaDEX® Developed Markets Ex-USTM Index before fees and expenses.

GSWO The fund is an ActiveBeta World Equity ETF designed to track an ActiveBeta Index and provide exposure to value, momentum, quality, and low-volatility characteristics.

Why people hold it

FDT Not a cap-weighted index in a costume. The AlphaDEX screen ranks developed ex-US stocks on growth and value measures, then holds roughly 300 of the survivors.ftportfolios.com
Running since 2011, so this is a long live record for the strategy overseas, not a backtest with a ticker attached.
A multi-billion-dollar fund with moderate trading activity, and it distributes on a quarterly schedule.

GSWO 0.15% a year against a 0.69% median for its global active-equity peers, and cheaper than fellow top-graded names DFAW (0.24%) and AVGE (0.25%).
Value, momentum, quality and low volatility come from one published ActiveBeta index methodology, not a manager's discretionary call.gsam.com
Stands among the strongest implementations in its global equity peer group: a multi-billion-dollar fund in the standard 1940 Act ETF wrapper that pays quarterly.

Worth knowing

FDT At 0.80% a year, it charges more than double the 0.38% median for international multifactor funds. INTF (0.16%) and FDEV (0.18%) run similar ideas for far less.
That fee is the main reason it lands in the lower half of its international multifactor peer group, despite sound plumbing and a deep asset base.
A growth-and-value screen builds a portfolio that can look nothing like a standard developed-markets index, so its path will diverge from EAFE-style funds.ftportfolios.com

GSWO Despite the "World" name, the reference index is MSCI World ex USA, so US stocks sit outside the mandate.
Launched in 2022, so the live record is short, and factor blends can trail plain cap-weighted benchmarks for long stretches.
Four factors in one basket can pull against each other; the net tilt is milder than a single-factor fund.

Full FDT profile⁠

Full GSWO profile⁠

FDT vs GSWO Holdings

How FDT and GSWO differ

Overlap by weight

6.1%

Shared holdings make up 30.1% of FDT and 6.4% of GSWO.

Level by level

Holdings89 in both6.1%
Countryby domicile29.8%
Asset classEquity100%

Sector

No Sector split for GSWO.

Country, concentration and asset class

Country by domicile

Country weights in FDT and GSWO, widest gap first
Country	More in FDTMore in GSWO	FDT	GSWO
United States	GSWO +67.9 points	1.4%	69.3%
Japan	FDT +26.7 points	35.1%	8.5%
South Korea	FDT +8.8 points	8.8%	0.0%
China	FDT +7.9 points	8.1%	0.2%
United Kingdom	FDT +4.0 points	7.1%	3.1%
Australia	FDT +3.0 points	4.8%	1.8%
Hong Kong	FDT +2.9 points	3.6%	0.7%
Canada	FDT +2.9 points	6.2%	3.3%
Other countries (21)	FDT +11.6 points	24.8%	13.2%

Outside the US: FDT 80% developed, 20% emerging. GSWO 95% developed, 5% emerging.

Concentration

Weight in the 10 largest Holdings

FDT6.2%
GSWO27.5%

Securities held

FDT301
GSWO740

Asset class

FDT: Equity
GSWO: Equity

Holdings

Only in FDT212
In both89
Only in GSWO651

Only in FDT

212 securities, 69.7% of FDT by weight

Sofina S.A.0.65%
Orient Overseas (International) Limited0.65%
Power Assets Holdings Limited0.63%
Investor AB (Class B)0.62%
Buzzi Unicem SpA0.61%
Seiko Group Corporation0.61%
Basf SE0.61%
Trip.com Group Limited0.59%
ENN Energy Holdings Limited0.59%
BCE Inc.0.58%
Industrivarden AB (Class C)0.58%
JD Logistics, Inc.0.58%
Seiko Epson Corporation0.57%
ARCHION Corporation0.56%
Hankook Tire Co., Ltd.0.56%
A.P. Moeller - Maersk A/S (Class B)0.56%
Yamaha Motor Co., Ltd.0.56%
Motor Oil (Hellas) Corinth Refineries S.A.0.55%
China Hongqiao Group Ltd.0.55%
Vonovia SE0.55%
Computacenter Plc0.54%
Sumitomo Pharma Co., Ltd.0.53%
JD Sports Fashion Plc0.53%
Teleperformance SE0.52%
Macnica Holdings, Inc.0.52%
Shenzhou International Group Holdings Limited0.51%
B2Gold Corp.0.51%
SK Innovation Co., Ltd.0.51%
Sumitomo Heavy Industries, Ltd.0.51%
Indra Sistemas, S.A.0.51%
TCL Electronics Holdings Limited0.50%
The GPT Group0.50%
Mitsui O.S.K. Lines, Ltd.0.50%
Kuaishou Technology0.50%
Kia Corporation0.49%
Rogers Communications Inc. (Class B)0.49%
Lion Finance Group PLC0.49%
Shionogi & Co., Ltd.0.49%
Vicinity Centres0.49%
Korean Air Lines Co., Ltd.0.49%
ZTO Express (Cayman) Inc.0.48%
Infroneer Holdings Inc0.48%
Hongkong Land Holdings Limited0.48%
Umicore S.A.0.48%
Aurubis AG0.48%
L E Lundbergforetagen AB (Class B)0.48%
3SBio, Inc.0.48%
Man Group Plc0.48%
Hokuhoku Financial Group, Inc.0.47%
thyssenkrupp AG0.47%

Only in GSWO

651 securities, 93.3% of GSWO by weight

NVIDIA Corporation5.65%
Apple Inc.5.62%
Microsoft Corporation4.24%
Amazon.com Inc2.60%
Alphabet Inc.1.85%
Broadcom Inc.1.76%
Alphabet Inc.1.60%
Meta Platforms Inc-Class A1.52%
Eli Lilly & Co1.35%
Tesla Inc.1.32%
Micron Technology, Inc.1.27%
JPMorgan Chase & Co1.02%
Advanced Micro Devices Inc.1.02%
Visa Inc.0.80%
Exxonmobil Holdings Corporation0.80%
Berkshire Hathaway Inc.0.77%
Asml Holding N.v.0.75%
Johnson & Johnson0.74%
Walmart Inc0.66%
Mastercard Incorporated0.60%
AbbVie Inc.0.57%
Costco Wholesale Corporation0.50%
Cisco Systems, Inc.0.48%
Palantir Technologies Inc.0.46%
UnitedHealth Group Incorporated0.45%
Intel Corporation0.44%
Chevron Corporation0.44%
Lam Research Corporation0.41%
Coca-Cola Company (The)0.41%
Roche Holding AG0.39%
Merck & Co., Inc.0.38%
Applied Materials Inc0.37%
The Home Depot, Inc.0.37%
The Procter & Gamble Company0.37%
Bank of America Corp0.36%
Novartis AG Shs0.34%
General Electric Company0.34%
Palo Alto Networks Inc.0.33%
Philip Morris Intl Inc0.32%
Caterpillar Inc (Delaware)0.32%
Hsbc Holdings PLC0.31%
Kla Corp0.31%
Texas Instruments Inc.0.30%
Royal Bank of Canada0.29%
Wells Fargo & Company0.29%
Astrazeneca PLC Ord0.28%
Citigroup Inc.0.28%
Seagate Technology Holdin PLC0.28%
Rtx Corp0.27%
Toronto Dominion Bank0.27%

Weight gaps

All 89 Holdings in both funds, largest gap first.

Holding weights in FDT and GSWO, widest gap first
Holding	More in FDTMore in GSWO	FDT	GSWO
Standard Life PLCSDLF.L	FDT +0.59 points	0.62%	0.03%
Central Japan Railway Company	FDT +0.59 points	0.62%	0.03%
Suzuki Motor Corporation	FDT +0.57 points	0.61%	0.04%
MS&AD Insurance Group Holdings, Inc.	FDT +0.55 points	0.62%	0.07%
Yara International ASA	FDT +0.55 points	0.57%	0.02%
Ramsay Health Care Limited	FDT +0.54 points	0.59%	0.05%
ENEOS Holdings, Inc.	FDT +0.53 points	0.60%	0.07%
3i Group PlcIII.L	FDT +0.53 points	0.55%	0.02%
WH Group Limited	FDT +0.53 points	0.56%	0.03%
Repsol, S.A.	FDT +0.53 points	0.59%	0.06%
Brother Industries, Ltd.	FDT +0.52 points	0.58%	0.06%
Daiichi Life Group, Inc.	FDT +0.49 points	0.55%	0.06%
Idemitsu Kosan Co., Ltd.	FDT +0.50 points	0.56%	0.06%
Japan Post Holdings Co., Ltd.	FDT +0.48 points	0.54%	0.06%
Ampol Limited	FDT +0.48 points	0.51%	0.03%
Nippon Express Holdings Co., Ltd.	FDT +0.49 points	0.60%	0.11%
The Yokohama Rubber Company, Ltd.	FDT +0.49 points	0.51%	0.02%
Aker ASA (Class A)	FDT +0.48 points	0.51%	0.03%
Toyota Tsusho Corporation	FDT +0.47 points	0.54%	0.07%
INPEX Corporation	FDT +0.45 points	0.52%	0.07%
Bridgestone Corporation	FDT +0.44 points	0.48%	0.04%
Prosus N.V.	FDT +0.42 points	0.44%	0.02%
Xinyi Glass Holdings Limited	FDT +0.42 points	0.46%	0.04%
Legal & General Group PlcLGEN.L	FDT +0.42 points	0.49%	0.07%
Aisin Corporation	FDT +0.40 points	0.44%	0.04%
CK Hutchison Holdings Limited	FDT +0.39 points	0.45%	0.06%
Menora Mivtachim Holdings Limited	FDT +0.37 points	0.42%	0.05%
Vodafone Group PlcVOD.L	FDT +0.37 points	0.46%	0.09%
Fukuoka Financial Group, Inc.	FDT +0.37 points	0.40%	0.03%
Harel Insurance Investments & Financial Services Ltd.	FDT +0.36 points	0.41%	0.05%
Omv AG	FDT +0.34 points	0.37%	0.03%
Migdal Insurance & Financial Holdings Ltd.	FDT +0.34 points	0.39%	0.05%
Nippon Yusen K.K.	FDT +0.34 points	0.36%	0.03%
Woodside Energy Group Limited	FDT +0.33 points	0.37%	0.04%
Ricoh Company, Ltd.	FDT +0.33 points	0.38%	0.05%
Kawasaki Kisen Kaisha, Ltd.	FDT +0.32 points	0.37%	0.05%
ANA Holdings Inc.	FDT +0.31 points	0.35%	0.04%
Equinor ASA	FDT +0.31 points	0.41%	0.10%
Swire Pacific Limited (Class A)	FDT +0.30 points	0.36%	0.06%
Delek Group Ltd.	FDT +0.31 points	0.35%	0.04%
Daiwa Securities Group Inc.	FDT +0.30 points	0.33%	0.03%
Honda Motor Co., Ltd.	FDT +0.29 points	0.37%	0.08%
Boliden AB	FDT +0.28 points	0.34%	0.06%
Sumitomo Mitsui Trust Group, Inc.	FDT +0.27 points	0.32%	0.05%
Sompo Holdings Inc.	FDT +0.27 points	0.37%	0.10%
Shizuoka Financial Group, Inc.	FDT +0.26 points	0.29%	0.03%
Japan Airlines Co., Ltd.	FDT +0.24 points	0.35%	0.11%
Orange	FDT +0.21 points	0.24%	0.03%
Associated British Foods PlcABF.L	FDT +0.21 points	0.24%	0.03%
M&G PlcMNG.L	FDT +0.21 points	0.23%	0.02%
Advantest Corporation	GSWO +0.20 points	0.12%	0.32%
Tokyo Gas Co., Ltd.	FDT +0.19 points	0.24%	0.05%
Fresenius Medical Care AG	FDT +0.19 points	0.23%	0.04%
Power Corporation of Canada	FDT +0.19 points	0.25%	0.06%
Manulife Financial Corporation	FDT +0.19 points	0.24%	0.05%
Mercedes-Benz Group AG	FDT +0.18 points	0.23%	0.05%
Mitsui Chemicals, Inc.	FDT +0.18 points	0.22%	0.04%
Tokyo Century Corporation	FDT +0.17 points	0.22%	0.05%
Nomura Holdings, Inc.	FDT +0.17 points	0.22%	0.05%
Sumitomo Chemical Co., Ltd.	FDT +0.18 points	0.23%	0.05%
Unipol Assicurazioni S.p.A.	FDT +0.17 points	0.22%	0.05%
Ryohin Keikaku Co., Ltd.	FDT +0.15 points	0.27%	0.12%
Sumitomo Corporation	FDT +0.14 points	0.22%	0.08%
Suncor Energy Inc.	FDT +0.13 points	0.27%	0.14%
Hitachi, Ltd.	FDT +0.12 points	0.21%	0.09%
Genmab A/S	FDT +0.13 points	0.19%	0.06%
Shell PlcSHEL.L	FDT +0.12 points	0.40%	0.28%
Toyota Motor Corporation	FDT +0.12 points	0.25%	0.13%
Mizuho Financial Group, Inc.	FDT +0.11 points	0.20%	0.09%
Sonic Healthcare Limited	FDT +0.10 points	0.12%	0.02%
Heidelberg Materials AG	FDT +0.09 points	0.12%	0.03%
Shimizu Corporation	FDT +0.09 points	0.11%	0.02%
SoftBank Group Corp.	FDT +0.09 points	0.16%	0.07%
Ageas S.A./N.V.	FDT +0.08 points	0.12%	0.04%
Hitachi Construction Machinery Co., Ltd.	FDT +0.07 points	0.11%	0.04%
Recruit Holdings Co., Ltd.	FDT +0.07 points	0.40%	0.33%
Dhl AG	GSWO +0.06 points	0.12%	0.18%
Bandai Namco Holdings Inc.	FDT +0.07 points	0.13%	0.06%
MISUMI Group Inc.	FDT +0.06 points	0.12%	0.06%
Kinross Gold Corporation	FDT +0.06 points	0.10%	0.04%
Cenovus Energy Inc.	FDT +0.05 points	0.12%	0.07%
Compagnie Generale des Etablissements Michelin	FDT +0.05 points	0.11%	0.06%
TotalEnergies SE	FDT +0.05 points	0.26%	0.21%
Voestalpine AG	FDT +0.04 points	0.10%	0.07%
Sumitomo Mitsui Financial Group, Inc.	FDT +0.03 points	0.21%	0.18%
Zensho Holdings Co., Ltd.	FDT +0.03 points	0.14%	0.11%
Astellas Pharma Inc.	GSWO +0.02 points	0.13%	0.15%
Kingfisher PlcKGF.L	Same weight	0.12%	0.12%
Mitsubishi UFJ Financial Group, Inc. (MUFG)	GSWO +0.01 points	0.21%	0.22%

All 301 FDT holdings⁠All 741 GSWO holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FDT vs GSWO Cost

Overpaying FDT vs GSWO

$12,209

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

FDT 0.80%
$15,346
GSWO 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

FDT 0.80%
GSWO 0.15%
Overpaying

Year by year

Year	FDT	GSWO	Overpaying
10	$1,422	$274	$1,148
20	$5,393	$1,071	$4,322
30	$15,346	$3,137	$12,209

Expense ratio

0.80%FDT
0.15%GSWO, cheaper

GSWO0.15%FDT0.80%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

GSWO cheapest of 30 funds

FDT 27th cheapest of 30 funds

FDT vs GSWO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FDT 3.10%, better; GSWO 1.46%
Payout (12M): FDT $2.75; GSWO $0.93
Last payment: FDT $0.53; GSWO $0.20
Ex-dividend: FDT Sep 24, 2026; GSWO Sep 24, 2026
Paid on: FDT Sep 30, 2026; GSWO Sep 30, 2026
Frequency: FDT Quarterly; GSWO Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FDTQuarterly · 39 paymentsAll FDT payments⁠

GSWOQuarterly · 18 paymentsAll GSWO payments⁠

FDT vs GSWO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FDT 16.7%GSWO No data
Return per unit of riskSharpe ratio, 3 years: FDT 1.27GSWO No data
Worst fallMax drawdown, 5 years: FDT −31.6%GSWO No data
Market sensitivityBeta, 5 years: FDT 1.10GSWO 0.75; Market = 1

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