GIEQ vs TACN: Grades, Fees and Holdings Compared

Goldman Sachs Data Enhanced International Equity ETF

GIEQANasdaq

T. Rowe Price Active Core International Equity ETF

TACNANYSE Arca

Overlap

44.6%by weight

Expense ratio

TACN −0.30pt a year

GIEQ0.30%TACN0.00%

Avg volume · 30D

GIEQ 6.9×the volume

GIEQ18KTACN2.59K

GIEQ vs TACN Performance

Jul 31, 2026 – Oct 30, 2026

−2.6%GIEQ−2.0%TACN

Expense ratio: GIEQ 0.30%; TACN 0.00%, better
Fund size: GIEQ $62M; TACN $24M
Holdings: GIEQ 300; TACN 508
Avg volume (30D): GIEQ 18K sh, better; TACN 2.59K sh
NAV per share: GIEQ $41.26; TACN $28.20
52W range

ETF.net Grade

Pillar letters and Scores for GIEQ, TACN, with each pillar’s weight
Pillar	GIEQ	TACN
Cost30% weight	A89	A100Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	B69	A70Higher
Tradability15% weight	D39	C46Higher
Holdings10% weight	A79	A82Higher
Durability5% weight	C46Higher	D30

Rank among International Active Equity funds

How we build Categories ›

Same Category. GIEQ and TACN are both graded against the same 55 International Active Equity funds, so their Grades compare head to head.

International Active Equity⁠

Category · 55 funds

See all 55 ›

TACN ranks 5th and GIEQ 8th of 55 funds in the International Active Equity Category.

Rank 5AENHIiShares Enhanced International Active ETFScore 76
Rank 5ATACNT. Rowe Price Active Core International Equity ETFScore 76
Rank 7AAVNMAvantis All International Markets Equity ETFScore 72
Rank 8AGIEQGoldman Sachs Data Enhanced International Equity ETFScore 70
Rank 9BTOUST. Rowe Price International Equity ETFScore 68

Our read on each fund

ETF.net Research

GIEQAGoldman Sachs Data Enhanced International Equity ETF

TACNAT. Rowe Price Active Core International Equity ETF

In short

GIEQ Goldman's quant desk pointed its data-driven stock picking at developed markets outside the US: roughly 300 names, models doing the selecting, 0.30% a year. Active international at close to index-fund pricing.

TACN T. Rowe Price's index-aware take on developed international stocks: it shadows the MSCI EAFE benchmark while nudging weights, and the fee is waived to 0.00% through January 30, 2027 (0.20% gross).

Stated mandate

GIEQ The Fund seeks long-term growth of capital.

TACN The fund's goal is to achieve long-term capital growth.

Why people hold it

GIEQ Charges 0.30% a year, roughly half the typical fee in its active international peer group (cohort median 0.59%).
Actively run off Goldman's quantitative models rather than a rulebook index, with the stated aim of outdoing a developed ex-US benchmark.gs.com
Broad by design: about 300 holdings, at least 80% of net assets in non-US issuers, spread across large and mid caps.gs.com
Plain 1940 Act ETF structure. No leverage, no options overlay, no exotic flags, so stock selection is the only moving part.

TACN Fee waived to zero through January 30, 2027, then the 0.20% gross rate applies. Top-scoring active international peers AVDE (0.23%) and DFIC (0.22%) charge more, with no waiver.troweprice.com
Built around the MSCI EAFE Index: an optimizer modestly over- and underweights names, targeting tracking error above most passive funds and below most active ones.sec.gov troweprice.com
Names come from T. Rowe's quant models plus bottom-up fundamental research (valuation, profitability, financial stability, earnings quality), with at least 80% of net assets normally in equities.sec.gov troweprice.com
Despite being new, it already stands among the strongest-rated funds in a crowded active international equity group, with long-term capital growth as the stated goal.

Worth knowing

GIEQ Launched in 2026 with a small asset base and thin early trading, so there is no long record yet and limit orders matter more than in a giant fund.
Cheap for active, not the cheapest on the shelf: systematic rivals DFIC, AVDE and JIRE all price under 0.25%.
The mandate is long-term growth of capital, not income, and the fund has not been paying out distributions.

TACN Launched December 10, 2025, so the track record is short and assets are still small. Trading is thin, which can mean wider spreads than at big index rivals.
The zero fee is contractual, not permanent: it runs through January 30, 2027, after which the 0.20% gross expense ratio kicks in.troweprice.com
Low tracking error is the design, not a bug. The active tilt is deliberately modest, so the portfolio is built to hug EAFE rather than stray from it.sec.gov

Full GIEQ profile⁠

Full TACN profile⁠

GIEQ vs TACN Holdings

How GIEQ and TACN differ

Overlap by weight

44.6%

Shared holdings make up 69.1% of GIEQ and 54.1% of TACN.

Level by level

Holdings155 in both44.6%
Countryby domicile92.5%
Asset classEquity100%

Sector

No Sector split for GIEQ and TACN.

Country, concentration and asset class

Country by domicile

Country weights in GIEQ and TACN, widest gap first
Country	More in GIEQMore in TACN	GIEQ	TACN
Sweden	GIEQ +2.0 points	4.3%	2.3%
Italy	TACN +1.9 points	1.3%	3.2%
France	GIEQ +1.8 points	10.8%	9.1%
United Kingdom	TACN +1.4 points	13.2%	14.6%
Germany	GIEQ +1.3 points	9.5%	8.2%
Singapore	TACN +1.1 points	0.7%	1.8%
Australia	GIEQ +0.8 points	7.7%	6.9%
Israel	TACN +0.6 points	0.2%	0.8%
Other countries (17)	TACN +0.8 points	52.3%	53.1%

Outside the US: GIEQ 100% developed, 0% emerging. TACN 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

GIEQ15.7%
TACN14.6%

Securities held

GIEQ294
TACN498

Asset class

GIEQ: Equity
TACN: Equity

Holdings

Only in GIEQ139
In both155
Only in TACN343

Only in GIEQ

139 securities, 30.6% of GIEQ by weight

Allianz SE1.24%
Totalenergies SE0.94%
Industria De Diseno Textil, S.a.0.85%
Bnp Paribas0.77%
Banco Bilbao Vizcaya0.77%
Rio Tinto Limited0.75%
Nordea Bank Abp0.72%
Westpac Banking Corporation0.69%
Banco Santander, S.a.0.63%
Novo Nordisk A/S0.62%
Investor Aktiebolag0.62%
Hexagon Aktiebolag0.56%
Glencore PLC0.52%
Icg PLC0.51%
Koninklijke Ahold Delhaize NV0.51%
Vontobel0.51%
Spotify Technology S.a.0.46%
Anz Group Holdings Ltd0.42%
Bank of East Asia0.42%
Doutor-Nichires Holdings0.40%
Ck Hutchison Holdings Limited0.40%
Ericsson (Lm) Telefon-0.39%
Nippon Express Holdings, Inc.0.38%
Sumitomo Chemical Company0.37%
Dic Corporation0.37%
Christian Dior Ord0.37%
Volvo Ab 'b' SEK50.36%
Kyowa Kirin0.36%
Tryg A/S0.35%
Telstra Group Ltd0.32%
Hulic Co., Ltd.0.28%
Phc Holdings Corporation0.27%
Van Lanschot NV Class A EUR10.27%
Dassault Aviation0.27%
Sato Corporation(Japan)0.26%
Tpg Telecom Limited0.26%
Conduit Holdings Ltd0.26%
Monadelphous Group Limited0.25%
Bank of The Ryukyus, Limited0.25%
Scor SE0.25%
Academedia Ab0.25%
Hitachi Construction Machine0.25%
Sesa Spa0.24%
K's Holdings0.24%
Daishi Hokuetsu Financial Group Inc0.23%
Ansell Limited0.23%
Alcon, Inc.0.23%
Avex Inc.0.23%
Intercontinental Hotels Group PLC0.23%
Jtekt Corporation0.22%

Only in TACN

343 securities, 45.6% of TACN by weight

Totalenergies SE Common Stock EUR2.51.06%
Allianz SE Reg Common Stock1.06%
Banco Bilbao Vizcaya Argenta Common Stock EUR.490.95%
Novo Nordisk A/S B Common Stock DKK.10.88%
Anz Group Holdings Ltd Common Stock0.84%
Airbus SE Common Stock EUR1.00.75%
Dbs Group Holdings Ltd Common Stock0.74%
Enel Spa Common Stock EUR1.00.70%
Sumitomo Corp Common Stock0.66%
Bnp Paribas Common Stock EUR2.00.65%
Ing Groep NV Common Stock EUR.010.64%
Takeda Pharmaceutical Co Ltd Common Stock0.63%
Banco Santander SA Common Stock EUR.50.62%
Kddi Corp Common Stock0.60%
Air Liquide SA Common Stock EUR5.50.55%
Sonova Holding AG Reg Common Stock CHF.050.51%
Ms+ad Insurance Group Holdin Common Stock0.50%
Suncorp Group Ltd Common Stock0.50%
Intercontinental Hotels Grou Common Stock GBP.20852130.49%
Eurofins Scientific Common Stock EUR.10.46%
Tesco PLC Common Stock GBP.06333330.46%
Glencore PLC Common Stock USD.010.45%
Amadeus It Group SA Common Stock EUR.010.44%
3I Group PLC Common Stock GBP.7386360.44%
Atlas Copco Ab A Shs Common Stock SEK.160.43%
Merck Kgaa Common Stock0.42%
Jeronimo Martins Common Stock EUR1.00.41%
L Oreal Common Stock EUR.20.41%
Fast Retailing Co Ltd Common Stock0.39%
Ferrari NV Common Stock EUR.010.38%
United Overseas Bank Ltd Common Stock0.36%
Societe Generale SA Common Stock EUR1.250.36%
Rio Tinto PLC Common Stock GBP.10.35%
Generali Common Stock0.34%
Bunzl PLC Common Stock GBP.32142860.33%
Michelin (Cgde) Common Stock EUR.50.33%
Techtronic Industries Co Ltd Common Stock0.31%
Westpac Banking Corp Common Stock0.31%
Koninklijke Ahold Delhaize N Common Stock EUR.010.31%
Upm Kymmene Oyj Common Stock0.30%
Nitori Holdings Co Ltd Common Stock0.30%
National Australia Bank Ltd Common Stock0.30%
Otsuka Corp Common Stock0.29%
Spotify Technology SA Common Stock EUR.0006250.29%
Endesa SA Common Stock EUR1.20.28%
Ageas Common Stock0.28%
Inpex Corp Common Stock0.28%
Investor Ab B Shs Common Stock SEK6.250.27%
Evonik Industries AG Common Stock0.27%
Sage Group Plc/The Common Stock GBP.010519480.27%

Weight gaps

The 100 widest of 155 Holdings in both funds.

Holding weights in GIEQ and TACN, widest gap first
Holding	More in GIEQMore in TACN	GIEQ	TACN
Roche Holding AG	GIEQ +0.70 points	2.25%	1.55%
Sumitomo Mitsui Fin Group, Inc	TACN +0.69 points	0.36%	1.05%
Recruit Holdings Co., Ltd.	TACN +0.60 points	0.58%	1.18%
Fresenius SE & Co. Kgaa	GIEQ +0.60 points	0.67%	0.07%
Axa	GIEQ +0.59 points	0.88%	0.29%
National Grid PLCNG.L	GIEQ +0.58 points	0.92%	0.34%
Siemens AG Reg Shs	GIEQ +0.56 points	1.55%	0.99%
Kyocera Corporation	GIEQ +0.55 points	0.60%	0.05%
Sekisui House, Ltd.	GIEQ +0.53 points	0.57%	0.04%
Japan Tobacco Inc.	GIEQ +0.53 points	0.64%	0.11%
Energias De Portugal SA	GIEQ +0.51 points	0.56%	0.05%
Sanofi	GIEQ +0.51 points	0.89%	0.38%
Compagnie Financiere Richemont SA	GIEQ +0.49 points	0.91%	0.42%
Essilorluxottica	GIEQ +0.49 points	0.63%	0.14%
Lvmh Moet-Hennessy Louis	GIEQ +0.48 points	0.93%	0.45%
Marubeni Corporation	GIEQ +0.49 points	0.57%	0.08%
Macquarie Group Limited	GIEQ +0.49 points	0.74%	0.25%
Panasonic	GIEQ +0.48 points	0.62%	0.14%
Bhp Group Limited	GIEQ +0.47 points	1.34%	0.87%
Shell PLCSHEL.L	TACN +0.46 points	0.84%	1.30%
Muenchener Rueckvers.ges.ag	GIEQ +0.46 points	0.75%	0.29%
Komatsu Ltd.	TACN +0.45 points	0.04%	0.49%
Novartis AG Shs	TACN +0.44 points	0.85%	1.29%
Singapore Exchange Ltd	GIEQ +0.44 points	0.47%	0.03%
Hannover Rueckversicherungs AG	TACN +0.42 points	0.06%	0.48%
Ck Asset Holdings Limited	GIEQ +0.42 points	0.46%	0.04%
Reckitt Benckiser Group PLCRKT.L	GIEQ +0.40 points	0.52%	0.12%
Haleon PLCHLN.L	GIEQ +0.39 points	0.49%	0.10%
Hitachi, Ltd.	TACN +0.39 points	0.25%	0.64%
Wolters Kluwer N.v.	GIEQ +0.39 points	0.46%	0.07%
Fisher & Paykel Healthcare Corporation Limited	GIEQ +0.38 points	0.44%	0.06%
Iberdrola Sociedad Anonima	TACN +0.37 points	0.20%	0.57%
Lloyds Banking Group PLCLLOY.L	GIEQ +0.37 points	0.77%	0.40%
Deutsche Bank Reg Shs	GIEQ +0.37 points	0.51%	0.14%
Ubs Group AG	GIEQ +0.35 points	1.19%	0.84%
Nippon Telegph & Tele	GIEQ +0.36 points	0.43%	0.07%
Danone	GIEQ +0.35 points	0.46%	0.11%
Toyota Motor Corporation	TACN +0.35 points	0.36%	0.71%
Zurich Insurance Group AG	TACN +0.34 points	0.02%	0.36%
Natwest Group PLCNWG.L	GIEQ +0.34 points	0.49%	0.15%
Unilever PLCULVR.L	GIEQ +0.33 points	1.19%	0.86%
Safran SA	GIEQ +0.32 points	0.95%	0.63%
Repsol Ypf SA	GIEQ +0.33 points	0.42%	0.09%
Bp PLCBP.L	GIEQ +0.33 points	0.72%	0.39%
Fujitsu Limited	GIEQ +0.32 points	0.42%	0.10%
Hsbc Holdings PLCHSBA.L	TACN +0.30 points	0.96%	1.26%
Equinor Asa	TACN +0.29 points	0.28%	0.57%
Aia Group Limited	GIEQ +0.29 points	0.73%	0.44%
Standard Chartered PLCSTAN.L	TACN +0.28 points	0.09%	0.37%
Lonza Group AG	GIEQ +0.28 points	0.42%	0.14%
Woolworths Group Limited	GIEQ +0.28 points	0.36%	0.08%
Commonwealth Bank of Australia	TACN +0.28 points	0.44%	0.72%
Qiagen N.v.	GIEQ +0.27 points	0.31%	0.04%
Astrazeneca PLC OrdAZN.L	TACN +0.26 points	0.82%	1.08%
Kone Corp	GIEQ +0.26 points	0.31%	0.05%
Nestle S.a.	GIEQ +0.26 points	1.28%	1.02%
Coles Group Limited	GIEQ +0.25 points	0.49%	0.24%
Hoya Corp	GIEQ +0.25 points	0.39%	0.14%
British American Tobacco OrdBATS.L	TACN +0.24 points	0.34%	0.58%
Qbe Insurance Group Limited	GIEQ +0.24 points	0.31%	0.07%
Deutsche Telekom AG	GIEQ +0.25 points	0.92%	0.67%
Mitsubishi Corp.	GIEQ +0.23 points	0.60%	0.37%
Murata Mfg. Co., Ltd.	TACN +0.23 points	0.25%	0.48%
SOUTH32 Limited	TACN +0.23 points	0.09%	0.32%
Bridgestone Corp	TACN +0.23 points	0.07%	0.30%
Honda Motor Co., Ltd.	GIEQ +0.22 points	0.35%	0.13%
Kubota Corp	GIEQ +0.23 points	0.26%	0.03%
Imperial Brands PLCIMB.L	GIEQ +0.22 points	0.62%	0.40%
Sumitomo Mitsui Trust Group Inc	GIEQ +0.21 points	0.28%	0.07%
Fuji Electric Co Ltd	GIEQ +0.21 points	0.25%	0.04%
Aib Group Public Limited Company	GIEQ +0.22 points	0.27%	0.05%
Thales	GIEQ +0.21 points	0.62%	0.41%
Dhl Group	GIEQ +0.20 points	0.65%	0.45%
Tower Semiconductor Ltd	TACN +0.21 points	0.08%	0.29%
Pandora A/S	GIEQ +0.19 points	0.22%	0.03%
Japan Post Bank Co., Ltd.	GIEQ +0.19 points	0.28%	0.09%
Advantest Corp	TACN +0.19 points	0.68%	0.87%
Nippon Yusen Kabushiki Kaisha	GIEQ +0.19 points	0.53%	0.34%
Tokyo Electron Ltd	GIEQ +0.18 points	0.76%	0.58%
Relx PLCREL.L	TACN +0.18 points	0.32%	0.50%
Csl Limited	TACN +0.17 points	0.07%	0.24%
Sony Group Corporation	TACN +0.17 points	0.95%	1.12%
Endeavour Mining PLCEDV.L	TACN +0.17 points	0.05%	0.22%
Asm International NV	GIEQ +0.16 points	0.25%	0.09%
Barclays PLCBARC.L	TACN +0.15 points	0.40%	0.55%
Renesas Electronics Corporation	TACN +0.15 points	0.35%	0.50%
Fanuc Corp.	GIEQ +0.15 points	0.21%	0.06%
Orix Corporation	GIEQ +0.15 points	0.29%	0.14%
Compagnie De St-Gobain	GIEQ +0.15 points	0.23%	0.08%
Orange	GIEQ +0.15 points	0.46%	0.31%
Infineon Technologies AG	TACN +0.14 points	0.33%	0.47%
Gea Group AG	GIEQ +0.13 points	0.17%	0.04%
Danske Bank AG DKK100	GIEQ +0.14 points	0.22%	0.08%
Nn Group N.v.	GIEQ +0.13 points	0.20%	0.07%
Mitsui & Co Ltd	TACN +0.12 points	0.13%	0.25%
Mitsubishi Elec Corp	GIEQ +0.13 points	0.36%	0.23%
Cap Gemini	GIEQ +0.12 points	0.19%	0.07%
Yamaha Motor Co Ltd	GIEQ +0.12 points	0.15%	0.03%
E.on SE	GIEQ +0.12 points	0.23%	0.11%
Wartsila	GIEQ +0.12 points	0.30%	0.18%

All 295 GIEQ holdings⁠All TACN 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.

GIEQ vs TACN Cost

Overpaying GIEQ vs TACN

$6,149

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

GIEQ 0.30%
$6,149
TACN 0.00%
$0

Amount$10,000

Years30 years

Cost over time

GIEQ 0.30%
TACN 0.00%
Overpaying

Year by year

Year	GIEQ	TACN	Overpaying
10	$545	$0	$545
20	$2,113	$0	$2,113
30	$6,149	$0	$6,149

Expense ratio

0.30%GIEQ
0.00%TACN, cheaper

TACN0.00%GIEQ0.30%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

TACN cheapest of 55 funds

GIEQ 6th cheapest of 55 funds

GIEQ vs TACN Dividends

Last 12 months to Oct 30, 2026

Payout (12M): GIEQ None; TACN None

Distribution history

GIEQAll GIEQ payments⁠

No distribution history available.

TACNAll TACN payments⁠

No distribution history available.

GIEQ vs TACN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years: GIEQ 0.32TACN 0.65; Market = 1

GIEQ and TACN in the news

All news⁠

ETF Filings
Franklin Templeton files two enhanced ETFs to absorb its international core funds
Sep 18, 2026GIEQTACN
ETF Filings
Goldman files a second GEMQ booklet; sibling GIEQ has traded since May
Sep 9, 2026GIEQ

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GIEQ vs TACN

In short

Stated mandate

Why people hold it

Worth knowing

How GIEQ and TACN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GIEQ

Only in TACN

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Franklin Templeton files two enhanced ETFs to absorb its international core funds

Goldman files a second GEMQ booklet; sibling GIEQ has traded since May

How GIEQ and TACN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GIEQ

Only in TACN

Weight gaps