FEUZ vs GSWO: Grades, Fees and Holdings Compared

First Trust Eurozone AlphaDEX ETF

FEUZDNasdaq

Goldman Sachs ActiveBeta World Equity ETF

GSWOACboe

Overlap

3.6%by weight

Expense ratio

GSWO −0.65pt a year

FEUZ0.80%GSWO0.15%

Avg volume · 30D

GSWO 15.9×the volume

FEUZ4.01KGSWO64K

FEUZ vs GSWO Performance

Jul 31, 2026 – Oct 30, 2026

−6.3%FEUZ+0.5%GSWO

Expense ratio: FEUZ 0.80%; GSWO 0.15%, better
Fund size: FEUZ $114M; GSWO $1.79B
1Y total return: FEUZ +11.4%; GSWO No data
Yield (12M): FEUZ 3.16%, better; GSWO 1.46%
Holdings: FEUZ 153; GSWO 751
Avg volume (30D): FEUZ 4.01K sh; GSWO 64K sh, better
NAV per share: FEUZ $63.33; GSWO $64.95
52W range

ETF.net Grade

Pillar letters and Scores for FEUZ, GSWO, with each pillar’s weight
Pillar	FEUZ	GSWO
Cost30% weight	F5	A98Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	F24	B67Higher
Tradability15% weight	C46	A86Higher
Holdings10% weight	B55Higher	F22
Durability5% weight	B57	B62Higher

Rank among International Multifactor funds

How we build Categories ›

Same Category. FEUZ 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 FEUZ 27th 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 25DIDYNiShares International Equity Factor Rotation Active ETFScore 31
Rank 27DFEUZFirst Trust Eurozone AlphaDEX ETFScore 27
Rank 27DOEFAALPS O'Shares International Developed Quality Dividend ETFScore 27

Our read on each fund

ETF.net Research

FEUZDFirst Trust Eurozone AlphaDEX ETF

GSWOAGoldman Sachs ActiveBeta World Equity ETF

In short

FEUZ Most international factor funds sweep the whole developed world. FEUZ picks one bloc: the eurozone, run through First Trust's patented AlphaDEX screen, which ranks on growth and value and tiers the survivors instead of tracking market cap.

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

FEUZ The fund seeks to track, before fees and expenses, the price and yield of the Nasdaq AlphaDEX® EurozoneTM Index. It uses an enhanced, rules-based AlphaDEX selection process applied to the Nasdaq EurozoneTM Index.

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

FEUZ Eurozone only. No UK, no Switzerland, no Japan watering down the exposure, so it acts as a targeted slice rather than another all-of-developed-markets blend.ftportfolios.com
AlphaDEX ranks the parent Nasdaq Eurozone index on growth and value factors, cuts the bottom 25% of scorers, then tiers the rest by quintile and rebalances quarterly.ftportfolios.com
Stocks are equally weighted inside each quintile across roughly 150 names, so no single European mega-cap sets the tone the way it would in a cap-weighted benchmark.ftportfolios.com
Live since 2014 with a decade-plus of real trading history, and it pays 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

FEUZ The 0.80% expense ratio is a multiple of what top-ranked broad international multifactor peers like INTF (0.16%) and GSIE (0.25%) charge.
Thinly traded next to headline international ETFs, so spreads can run wider and larger orders take more care to work.
One currency bloc: euro moves pass straight into dollar returns, and quarterly reconstitution keeps turnover above a set-and-forget cap-weighted index.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 FEUZ profile⁠

Full GSWO profile⁠

FEUZ vs GSWO Holdings

How FEUZ and GSWO differ

Overlap by weight

3.6%

Shared holdings make up 30.8% of FEUZ and 4.2% of GSWO.

Level by level

Holdings50 in both3.6%
Countryby domicile9.5%
Asset classEquity100%

Sector

No Sector split for GSWO.

Country, concentration and asset class

Country by domicile

Country weights in FEUZ and GSWO, widest gap first
Country	More in FEUZMore in GSWO	FEUZ	GSWO
United States	GSWO +67.1 points	2.2%	69.3%
France	FEUZ +18.1 points	19.5%	1.4%
Germany	FEUZ +17.0 points	18.8%	1.8%
Italy	FEUZ +10.1 points	10.9%	0.8%
Netherlands	FEUZ +9.8 points	11.1%	1.3%
Japan	GSWO +8.5 points	0.0%	8.5%
Belgium	FEUZ +8.2 points	8.4%	0.1%
Spain	FEUZ +7.6 points	8.5%	0.9%
Other countries (20)	FEUZ +4.8 points	20.7%	15.9%

Outside the US: FEUZ 96% developed, 4% emerging. GSWO 95% developed, 5% emerging.

Concentration

Weight in the 10 largest Holdings

FEUZ12.2%
GSWO27.5%

Securities held

FEUZ151
GSWO740

Asset class

FEUZ: Equity
GSWO: Equity

Holdings

Only in FEUZ101
In both50
Only in GSWO690

Only in FEUZ

101 securities, 69.1% of FEUZ by weight

Teleperformance SE1.28%
Sofina S.A.1.27%
Kesko Oyj (Class B)1.23%
Indra Sistemas, S.A.1.23%
Buzzi Unicem SpA1.19%
Basf SE1.19%
Bayerische Motoren Werke (BMW) AG1.17%
Sonae - SGPS, S.A.1.12%
Aedifica SA1.11%
SBM Offshore N.V.1.11%
Klepierre1.11%
UNIQUA Insurance Group AG1.10%
Motor Oil (Hellas) Corinth Refineries S.A.1.08%
Merlin Properties SOCIMI, S.A.1.08%
Aegon Ltd.1.07%
Vonovia SE1.06%
Randstad N.V.1.04%
KBC Ancora SCA1.04%
Kingspan Group Plc1.04%
Acerinox, S.A.1.03%
Koninklijke Vopak N.V.1.02%
ArcelorMittal1.01%
Piraeus Bank S.A.1.00%
De'Longhi SpA0.96%
Elis SA0.96%
A2A S.p.A.0.95%
ASR Nederland N.V.0.94%
Umicore S.A.0.93%
Aurubis AG0.93%
thyssenkrupp AG0.92%
Eiffage SA0.90%
NN Group N.V.0.89%
United Internet AG (Registered Shares)0.88%
Covivio0.87%
DEME Group NV0.87%
Aalberts Industries N.V.0.86%
Deutsche Lufthansa AG0.83%
Galp Energia, SGPS, S.A.0.83%
Credito Emiliano SpA0.82%
Raiffeisen Bank International AG0.81%
Colruyt Group N.V.0.79%
Edenred0.78%
Reply SpA0.77%
Grifols, S.A.0.77%
KION Group AG0.75%
Enagas S.A.0.72%
Renault S.A.0.72%
Publicis Groupe0.71%
Evonik Industries AG0.69%
Hera SpA0.69%

Only in GSWO

690 securities, 95.5% 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%
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%
Recruit Holdings Co., Ltd.0.33%
Palo Alto Networks Inc.0.33%
Philip Morris Intl Inc0.32%
Advantest Corp0.32%
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%
Shell PLC0.28%

Weight gaps

All 50 Holdings in both funds, largest gap first.

Holding weights in FEUZ and GSWO, widest gap first
Holding	More in FEUZMore in GSWO	FEUZ	GSWO
Omv AG	FEUZ +1.16 points	1.19%	0.03%
Fresenius Medical Care AG	FEUZ +1.10 points	1.14%	0.04%
Repsol, S.A.	FEUZ +1.09 points	1.15%	0.06%
Prosus N.V.	FEUZ +1.06 points	1.08%	0.02%
TotalEnergies SE	FEUZ +1.06 points	1.27%	0.21%
Unipol Assicurazioni S.p.A.	FEUZ +1.00 points	1.05%	0.05%
Heidelberg Materials AG	FEUZ +0.92 points	0.95%	0.03%
Orange	FEUZ +0.91 points	0.94%	0.03%
Ageas S.A./N.V.	FEUZ +0.87 points	0.91%	0.04%
Mercedes-Benz Group AG	FEUZ +0.85 points	0.90%	0.05%
Compagnie de Saint-Gobain S.A.	FEUZ +0.81 points	0.88%	0.07%
Compagnie Generale des Etablissements Michelin	FEUZ +0.78 points	0.84%	0.06%
Capgemini SE	FEUZ +0.79 points	0.82%	0.03%
ABN AMRO Group N.V.	FEUZ +0.77 points	0.82%	0.05%
Voestalpine AG	FEUZ +0.75 points	0.82%	0.07%
Dhl AG	FEUZ +0.74 points	0.92%	0.18%
Eni SpA	FEUZ +0.70 points	0.76%	0.06%
ING Groep N.V.	FEUZ +0.69 points	0.80%	0.11%
Vienna Insurance Group AG	FEUZ +0.68 points	0.72%	0.04%
Orion Oyj (Class B)	FEUZ +0.67 points	0.80%	0.13%
Bouygues S.A.	FEUZ +0.60 points	0.66%	0.06%
Bank of Ireland Group Plc	FEUZ +0.59 points	0.62%	0.03%
Andritz AG	FEUZ +0.59 points	0.65%	0.06%
Koninklijke Ahold Delhaize N.V.	FEUZ +0.58 points	0.69%	0.11%
Banco Comercial Portugues, S.A.	FEUZ +0.57 points	0.59%	0.03%
Erste Group Bank AG	FEUZ +0.55 points	0.60%	0.05%
ASML Holding N.V.	GSWO +0.55 points	0.20%	0.75%
Allianz SE	FEUZ +0.54 points	0.71%	0.17%
Banco Santander S.A.	FEUZ +0.51 points	0.73%	0.22%
Tenaris S.A.	FEUZ +0.46 points	0.49%	0.03%
Sanofi	FEUZ +0.45 points	0.49%	0.04%
Fresenius SE & Co. KGaA	FEUZ +0.41 points	0.48%	0.07%
Daimler Truck Holding AG	FEUZ +0.40 points	0.43%	0.03%
Rwe AG	FEUZ +0.38 points	0.43%	0.05%
BAWAG Group AG	FEUZ +0.37 points	0.40%	0.03%
Societe Generale S.A.	FEUZ +0.32 points	0.39%	0.07%
BNP Paribas S.A.	FEUZ +0.31 points	0.40%	0.09%
E.on SE	FEUZ +0.23 points	0.25%	0.02%
Banco Bilbao Vizcaya Argentaria, S.A.	FEUZ +0.20 points	0.38%	0.18%
Anheuser-Busch InBev S.A./ N.V.	FEUZ +0.20 points	0.25%	0.05%
Ackermans & van Haaren NV	FEUZ +0.19 points	0.22%	0.03%
Poste Italiane SpA	FEUZ +0.19 points	0.21%	0.02%
Engie S.A.	FEUZ +0.19 points	0.23%	0.04%
Vinci S.A.	FEUZ +0.19 points	0.23%	0.04%
Koninklijke Philips N.V.	FEUZ +0.17 points	0.25%	0.08%
Bayer AG	FEUZ +0.15 points	0.24%	0.09%
Axa S.a.	FEUZ +0.14 points	0.22%	0.08%
Prysmian SpA	FEUZ +0.14 points	0.20%	0.06%
Deutsche Telekom AG	FEUZ +0.13 points	0.22%	0.09%
UniCredit S.p.A.	FEUZ +0.09 points	0.20%	0.11%

All 151 FEUZ 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.

FEUZ vs GSWO Cost

Overpaying FEUZ vs GSWO

$12,209

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

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

Amount$10,000

Years30 years

Cost over time

FEUZ 0.80%
GSWO 0.15%
Overpaying

Year by year

Year	FEUZ	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%FEUZ
0.15%GSWO, cheaper

GSWO0.15%FEUZ0.80%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

GSWO cheapest of 30 funds

FEUZ 27th cheapest of 30 funds

FEUZ vs GSWO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FEUZ 3.16%, better; GSWO 1.46%
Payout (12M): FEUZ $2.00; GSWO $0.93
Last payment: FEUZ $0.41; GSWO $0.20
Ex-dividend: FEUZ Sep 24, 2026; GSWO Sep 24, 2026
Paid on: FEUZ Sep 30, 2026; GSWO Sep 30, 2026
Frequency: FEUZ Quarterly; GSWO Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FEUZQuarterly · 34 paymentsAll FEUZ payments⁠

GSWOQuarterly · 18 paymentsAll GSWO payments⁠

FEUZ vs GSWO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FEUZ 14.7%GSWO No data
Return per unit of riskSharpe ratio, 3 years: FEUZ 1.28GSWO No data
Worst fallMax drawdown, 5 years: FEUZ −38.7%GSWO No data
Market sensitivityBeta, 5 years: FEUZ 0.88GSWO 0.75; Market = 1

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