GSEU vs INTF: Grades, Fees and Holdings Compared

Goldman Sachs ActiveBeta Europe Equity ETF

GSEUCNYSE Arca

iShares International Equity Factor ETF

INTFANYSE Arca

Overlap

39.9%by weight

Expense ratio

INTF −0.09pt a year

GSEU0.25%INTF0.16%

Avg volume · 30D

INTF 16.1×the volume

GSEU19.2KINTF309K

10Y return · a year

GSEU +0.4pt

GSEU+9.7%INTF+9.3%

GSEU vs INTF Performance

Oct 29, 2021 – Oct 30, 2026

+48.3%GSEU+65.8%INTF

Expense ratio: GSEU 0.25%; INTF 0.16%, better
Fund size: GSEU $171M; INTF $3.7B
1Y total return: GSEU +13.3%; INTF +17.0%, better
Yield (12M): GSEU 2.80%; INTF 3.02%, better
Holdings: GSEU 343; INTF 501
Avg volume (30D): GSEU 19.2K sh; INTF 309K sh, better
NAV per share: GSEU $48.17; INTF $41.10
52W range

ETF.net Grade

Pillar letters and Scores for GSEU, INTF, with each pillar’s weight
Pillar	GSEU	INTF
Cost30% weight	A74	A98Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	C44	B55Higher
Tradability15% weight	D29	A73Higher
Holdings10% weight	C47	B68Higher
Durability5% weight	B57	A86Higher

Rank among International Multifactor funds

How we build Categories ›

Same Category. GSEU and INTF 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 ›

INTF ranks 1st and GSEU 14th of 30 funds in the International Multifactor Category.

Rank 1AINTFiShares International Equity Factor ETFScore 79
Rank 2ADFAIDimensional International Core Equity Market ETFScore 77
Rank 12BQWLDState Street SPDR MSCI World StrategicFactors ETFScore 60
Rank 14CGSEUGoldman Sachs ActiveBeta Europe Equity ETFScore 54
Rank 14CQINTAmerican Century Quality Diversified International ETFScore 54

Our read on each fund

ETF.net Research

GSEUCGoldman Sachs ActiveBeta Europe Equity ETF

INTFAiShares International Equity Factor ETF

In short

GSEU Goldman's four-factor ActiveBeta recipe (value, momentum, quality, low volatility) pointed at one continent instead of the whole world. Europe, about 400 names, 0.25% a year.

INTF Five factors at once (value, quality, momentum, low volatility, low size) aimed at developed markets outside the US, for 0.16% a year. That is well under half what the typical international multifactor fund charges.

Stated mandate

GSEU The fund seeks to closely track, before fees and expenses, the Goldman Sachs ActiveBeta Europe Equity Index.

INTF The fund seeks to track an index of international developed-market stocks chosen using value, quality, momentum, low-volatility, and low-size factors.

Why people hold it

GSEU Four tilts blended in one wrapper: good value, strong momentum, high quality, low volatility. No single-factor bet to time.
0.25% a year, below the typical fee among international multifactor funds.
Spreads exposure across roughly 400 European stocks, so no one name steers the portfolio.
Trading since 2016 and sitting in the upper half of its factor peer group, with a rules-based index doing the stock picking.

INTF At 0.16% a year it undercuts the peer median of 0.38%, and also GSIE (0.25%), RODM (0.29%) and FDEV (0.18%).
One basket of roughly 500 developed-market stocks does the work of separate value, quality, momentum, low-volatility and small-size sleeves.
Live since 2015 and now a multi-billion-dollar iShares fund, giving it more history than much of the international multifactor shelf.
Rates among the strongest implementations in its international multifactor peer group of 29 funds.

Worth knowing

GSEU Thinly traded compared with plain Europe index funds, so bid-ask spreads can add to the cost of getting in and out.
Europe only. The same ActiveBeta engine in GSIE casts a wider developed-market net, including Japan and Asia-Pacific.
Distributions arrive on an annual or semiannual schedule, not quarterly.

INTF Factor tilts are the whole point, so returns can wander from a plain cap-weighted international index in either direction, sometimes for long stretches.
Developed markets only. No emerging-market exposure here, and returns move with foreign currencies as well as foreign stocks.
Volume is moderate rather than heavy, so limit orders help. Distributions land once or twice a year, not quarterly.

Full GSEU profile⁠

Full INTF profile⁠

GSEU vs INTF Holdings

How GSEU and INTF differ

Overlap by weight

39.9%

Shared holdings make up 66.8% of GSEU and 46.8% of INTF.

Level by level

Holdings172 in both39.9%
Countryby domicile56.4%
Sector11 Sectors91.0%
Asset classEquity100%

Sector

Sector weights in GSEU and INTF, widest gap first
Sector	More in GSEUMore in INTF	GSEU	INTF
Health Care	GSEU +5.2 points	13.9%	8.7%
Consumer Discretionary	INTF +2.3 points	7.0%	9.3%
Consumer Staples	GSEU +2.2 points	8.2%	6.0%
Materials	INTF +1.9 points	4.8%	6.7%
Real Estate	INTF +1.7 points	0.6%	2.3%
Technology	INTF +1.3 points	9.4%	10.7%
Financials	INTF +1.2 points	25.6%	26.8%
Industrials	GSEU +1.2 points	18.1%	16.9%
Communication	INTF +0.4 points	2.7%	3.1%
Utilities	GSEU +0.3 points	4.3%	4.0%
Energy	INTF +0.2 points	5.3%	5.5%

Country, concentration and asset class

Country by domicile

Country weights in GSEU and INTF, widest gap first
Country	More in GSEUMore in INTF	GSEU	INTF
Japan	INTF +26.4 points	0.0%	26.4%
Canada	INTF +7.8 points	0.0%	7.8%
United Kingdom	GSEU +7.0 points	20.8%	13.8%
Germany	GSEU +6.8 points	13.7%	6.9%
Switzerland	GSEU +6.8 points	15.4%	8.6%
Australia	INTF +6.5 points	0.0%	6.5%
France	GSEU +5.6 points	12.5%	6.9%
Netherlands	GSEU +4.5 points	9.7%	5.2%
Other countries (14)	GSEU +9.9 points	27.8%	17.9%

Outside the US: GSEU 100% developed, 0% emerging. INTF 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

GSEU18.7%
INTF12.8%

Securities held

GSEU337
INTF482

Asset class

GSEU: Equity
INTF: Equity

Holdings

Only in GSEU165
In both172
Only in INTF310

Only in GSEU

165 securities, 33.1% of GSEU by weight

Shell PLC1.77%
Dhl Group0.73%
Zalando SE0.59%
Bouygues S.a. (Ord)0.57%
Legal & General Group Ord0.51%
Rational AG0.50%
Eurx/Msci Europeidx 12/20260.50%
Admiral Group PLC0.46%
Fresenius Medical Care AG0.45%
M&G PLC0.44%
Heineken Holding N.v.0.43%
Cvc Capital Partners PLC0.43%
A P Moller - Maersk A/S0.42%
Avolta AG0.40%
Ipsen0.37%
Fresenius SE & Co. Kgaa0.34%
Asr Nederland N.v.0.34%
Glencore PLC0.33%
J Sainsbury PLC0.32%
Argenx SE0.32%
Swedbank Ab0.31%
Jeronimo Martins Estab0.31%
Sonova Holding AG0.31%
Smiths Group PLC0.31%
Partners Group Holding AG0.30%
Industrivarden Ab-Ser 'c' Fria0.30%
Bureau Veritas0.30%
Barry Callebaut AG Reg0.30%
Standard Life PLC0.29%
Mapfre, S.a.0.29%
Vat Group AG0.29%
Recordati S.p.a.0.29%
Bunzl Public Limited Company0.29%
National Grid PLC0.29%
Industrivarden Ab A Fria0.28%
Kesko B Share0.27%
Getlink S.e.0.27%
Finecobank Banca Fineco S.p.a.0.27%
Associated British Foods PLC0.27%
Omv AG0.26%
Nemetschek AG Ord Npv0.26%
Ems-Chemie Holding AG0.26%
Schindler Holding AG0.25%
Veolia Environnement0.25%
Groupe Bruxelles Lambert NV0.25%
Gjensidige Forsikring Asa0.25%
Halma Ord 10P0.25%
Nebius Group NV0.24%
Knorr-Bremse AG0.24%
Buzzi Spa0.24%

Only in INTF

310 securities, 52.6% of INTF by weight

Royal Bank of Canada1.20%
Mitsubishi Ufj Financial Group1.04%
Bhp Group Ltd0.91%
Sumitomo Mitsui Financial Group0.86%
Mizuho Financial Group0.83%
Loblaw Companies Ltd0.81%
Recruit Holdings Ltd0.81%
Shell0.80%
Toyota Motor0.68%
Manulife Financial0.66%
Rio Tinto0.64%
Commonwealth Bank of Australia0.64%
Advantest0.63%
Suncor Energy Inc0.62%
Hitachi0.56%
Asics0.54%
Tokio Marine Holdings0.50%
Sony Group0.47%
Tokyo Electron0.47%
Balfour Beatty PLC0.41%
Fast Retailing0.41%
Shopify Subordinate Voting Class A0.39%
Toronto Dominion0.39%
MS&AD Insurance Group Holdings0.38%
Jb Hi-Fi Ltd0.38%
Softbank Group Corp0.37%
Yangzijiang Shipbuilding (Holdings0.36%
Canadian Natural Resources Ltd0.36%
Al Sydbank0.35%
Aia Group0.35%
Daiwa Securities Group Inc0.35%
Kioxia Holdings0.35%
Dbs Group Holdings Ltd0.35%
Iss A’s0.35%
Hokuhoku Financial Group Inc0.34%
Otsuka Corp0.34%
Uss0.34%
Coca Cola Hbc AG0.33%
Fisher and Paykel Healthcare Corpo0.32%
Mitsubishi Heavy Industries0.31%
Subaru0.30%
Nutrien Ltd0.30%
Saipem0.29%
Telstra Group0.29%
Japan Post Bank Ltd0.29%
Glencore PLC0.29%
Aurizon Holdings0.29%
Oversea-Chinese Banking0.28%
Yamazaki Baking Ltd0.28%
Kinross Gold0.28%

Weight gaps

The 100 widest of 172 Holdings in both funds.

Holding weights in GSEU and INTF, widest gap first
Holding	More in GSEUMore in INTF	GSEU	INTF
Asml Holding N.v.	GSEU +2.03 points	4.33%	2.30%
Roche Holding AG	GSEU +1.03 points	2.25%	1.22%
Banco Santander, S.a.	GSEU +0.84 points	1.22%	0.38%
Hsbc Holdings PLCHSBA.L	GSEU +0.80 points	1.82%	1.02%
Astrazeneca PLC OrdAZN.L	GSEU +0.67 points	1.63%	0.96%
Allianz SE	GSEU +0.65 points	1.13%	0.48%
Bayer Aktiengesellschaft	GSEU +0.58 points	0.67%	0.09%
Iberdrola Sociedad Anonima	GSEU +0.57 points	0.92%	0.35%
Sgs SA	GSEU +0.54 points	0.64%	0.10%
Bnp Paribas	GSEU +0.53 points	0.66%	0.13%
Siemens AG Reg Shs	GSEU +0.53 points	1.22%	0.69%
Kingfisher PLCKGF.L	GSEU +0.51 points	0.73%	0.22%
Nn Group N.v.	GSEU +0.50 points	0.52%	0.02%
Aib Group Public Limited Company	INTF +0.48 points	0.15%	0.63%
Geberit AG	GSEU +0.46 points	0.50%	0.04%
Sap SE	GSEU +0.44 points	1.26%	0.82%
Kuehne & Nagel Intl AG	GSEU +0.44 points	0.47%	0.03%
Abn Amro Bank N.v.	INTF +0.43 points	0.26%	0.69%
Axa	GSEU +0.41 points	0.54%	0.13%
Cap Gemini	GSEU +0.40 points	0.42%	0.02%
Barclays PLCBARC.L	GSEU +0.37 points	0.66%	0.29%
Koninklijke Ahold Delhaize NV	GSEU +0.37 points	0.75%	0.38%
Orion Oyj	GSEU +0.35 points	0.58%	0.23%
Air Liquide SA	GSEU +0.35 points	0.48%	0.13%
Carrefour S.a. (Ord)	GSEU +0.35 points	0.43%	0.08%
Eiffage SA	GSEU +0.34 points	0.50%	0.16%
Schneider Electric	GSEU +0.33 points	0.73%	0.40%
Vinci SA	GSEU +0.31 points	0.39%	0.08%
Lloyds Banking Group PLCLLOY.L	GSEU +0.30 points	0.39%	0.09%
Standard Chartered PLCSTAN.L	GSEU +0.30 points	0.49%	0.19%
Repsol Ypf SA	INTF +0.29 points	0.27%	0.56%
Unilever PLCULVR.L	GSEU +0.30 points	0.51%	0.21%
Abb Ltd	INTF +0.29 points	0.63%	0.92%
Ing Groep N.v.	GSEU +0.28 points	0.59%	0.31%
Deutsche Boerse AG	INTF +0.28 points	0.10%	0.38%
Infineon Technologies AG	GSEU +0.29 points	0.30%	0.01%
Acs, Actividades De Construccion Y Servicios SA	GSEU +0.29 points	0.40%	0.11%
Swiss Life Holding AG	GSEU +0.26 points	0.28%	0.02%
Novartis AG Shs	INTF +0.26 points	1.99%	2.25%
Rio Tinto PLCRIO.L	GSEU +0.26 points	0.48%	0.22%
Banco Bilbao Vizcaya	GSEU +0.26 points	0.89%	0.63%
Natwest Group PLCNWG.L	GSEU +0.26 points	0.51%	0.25%
Gsk PLCGSK.L	GSEU +0.25 points	0.76%	0.51%
Adidas AG	GSEU +0.24 points	0.43%	0.19%
Deutsche Bank Reg Shs	GSEU +0.23 points	0.61%	0.38%
Next PLCNXT.L	GSEU +0.24 points	0.47%	0.23%
Bp PLCBP.L	GSEU +0.23 points	0.83%	0.60%
Gas Natural Sdg SA	INTF +0.23 points	0.10%	0.33%
Mercedes-Benz Group AG	GSEU +0.23 points	0.48%	0.25%
Engie	INTF +0.22 points	0.25%	0.47%
Novo Nordisk A/S	GSEU +0.22 points	0.76%	0.54%
Bae Systems PLCBA.L	INTF +0.23 points	0.19%	0.42%
Nestle S.a.	GSEU +0.22 points	1.21%	0.99%
Unibail-Rodamco-Westfield SE	INTF +0.22 points	0.09%	0.31%
Galderma Group AG	INTF +0.22 points	0.08%	0.30%
Pandora A/S	GSEU +0.22 points	0.46%	0.24%
Klepierre SA Shs	INTF +0.20 points	0.10%	0.30%
Swiss Re AG	GSEU +0.20 points	0.27%	0.07%
Prysmian S.p.a.	GSEU +0.20 points	0.23%	0.03%
Prosus N.v.	INTF +0.19 points	0.02%	0.21%
Raiffeisen Bank International AG	GSEU +0.20 points	0.27%	0.07%
British American Tobacco OrdBATS.L	GSEU +0.19 points	0.36%	0.17%
Siemens Energy AG	GSEU +0.19 points	0.66%	0.47%
Intesa Sanpaolo	GSEU +0.19 points	0.48%	0.29%
Equinor Asa	INTF +0.19 points	0.20%	0.39%
Airbus SE	GSEU +0.18 points	0.32%	0.14%
Relx PLCREL.L	GSEU +0.18 points	0.28%	0.10%
Snam S.p.a.	GSEU +0.18 points	0.24%	0.06%
Hennes & Mauritz Ab	GSEU +0.18 points	0.35%	0.17%
Unicredit, Societa' Per Azioni	INTF +0.18 points	0.59%	0.77%
Nokia Oyj Series A	GSEU +0.17 points	0.26%	0.09%
Nordea Bank Abp	INTF +0.17 points	0.32%	0.49%
Totalenergies SE	GSEU +0.17 points	1.00%	0.83%
Generali	GSEU +0.16 points	0.21%	0.05%
Sandvik Ab	GSEU +0.17 points	0.21%	0.04%
Anglo American PLCAAL.L	GSEU +0.16 points	0.21%	0.05%
A.p. Moeller - Maersk A/S Class B	GSEU +0.16 points	0.44%	0.28%
Eni Ordinary Shares	GSEU +0.15 points	0.34%	0.19%
Vodafone Group PLCVOD.L	GSEU +0.15 points	0.57%	0.42%
Renault	GSEU +0.15 points	0.19%	0.04%
Compagnie De St-Gobain	GSEU +0.15 points	0.30%	0.15%
Genmab A/S	GSEU +0.15 points	0.21%	0.06%
Compass Group PLCCPG.L	INTF +0.15 points	0.03%	0.18%
L'oreal	GSEU +0.15 points	0.71%	0.56%
Poste Italiane - Societa' Per Azioni	GSEU +0.15 points	0.31%	0.16%
Enel Spa Eur 1	GSEU +0.14 points	0.48%	0.34%
Compagnie Financiere Richemont SA	INTF +0.14 points	0.22%	0.36%
Basf SE	INTF +0.14 points	0.06%	0.20%
Banco De Sabadell, S.a.	INTF +0.14 points	0.12%	0.26%
E.on SE	INTF +0.14 points	0.14%	0.28%
Wartsila	INTF +0.14 points	0.08%	0.22%
Lvmh Moet-Hennessy Louis	GSEU +0.14 points	0.38%	0.24%
Yara International Asa	GSEU +0.14 points	0.27%	0.13%
Holcim AG	GSEU +0.13 points	0.25%	0.12%
Societe Generale	GSEU +0.13 points	0.45%	0.32%
Asm International NV	GSEU +0.13 points	0.19%	0.06%
Unipol Assicurazioni S.p.a.	GSEU +0.12 points	0.28%	0.16%
Kone Corp	INTF +0.12 points	0.11%	0.23%
Logitech International S.a.	GSEU +0.13 points	0.35%	0.22%
Credit Agricole SA	INTF +0.12 points	0.28%	0.40%

All 337 GSEU holdings⁠All 483 INTF 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.

GSEU vs INTF Cost

Overpaying GSEU vs INTF

$1,817

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

GSEU 0.25%
$5,159
INTF 0.16%
$3,342

Amount$10,000

Years30 years

Cost over time

GSEU 0.25%
INTF 0.16%
Overpaying

Year by year

Year	GSEU	INTF	Overpaying
10	$455	$292	$163
20	$1,769	$1,141	$628
30	$5,159	$3,342	$1,817

Expense ratio

0.25%GSEU
0.16%INTF, cheaper

INTF0.16%GSEU0.25%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

INTF 2nd cheapest of 30 funds

GSEU 8th cheapest of 30 funds

GSEU vs INTF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GSEU 2.80%; INTF 3.02%, better
Payout (12M): GSEU $1.35; INTF $1.24
Last payment: GSEU $0.93; INTF $0.72
Ex-dividend: GSEU Jun 24, 2026; INTF Jun 15, 2026
Paid on: GSEU Jun 30, 2026; INTF Jun 18, 2026
Frequency: GSEU Twice a year; INTF Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

GSEUTwice a year · 31 paymentsAll GSEU payments⁠

INTFTwice a year · 20 paymentsAll INTF payments⁠

GSEU vs INTF Risk

Fall from peak · 5 years

GSEU
INTF

Risk facts

VolatilityStd dev, 3 years: GSEU 12.4%INTF 11.2%, better
Return per unit of riskSharpe ratio, 3 years: GSEU 1.14INTF 1.45, better
Worst fallMax drawdown, 5 years: GSEU −33.8%INTF −27.6%, better
Market sensitivityBeta, 5 years: GSEU 0.82INTF 0.74; Market = 1

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