GSID vs SPDW: Grades, Fees and Holdings Compared

Goldman Sachs MarketBeta International Equity ETF

GSIDCCboe

State Street SPDR Portfolio Developed World ex-US ETF

SPDWANYSE Arca

Overlap

34.4%by weight

Expense ratio

SPDW −0.17pt a year

GSID0.20%SPDW0.03%

Avg volume · 30D

SPDW 46.1×the volume

GSID60.7KSPDW2.8M

5Y return · a year

SPDW +0.8pt

GSID+8.3%SPDW+9.1%

GSID vs SPDW Performance

Oct 29, 2021 – Oct 30, 2026

+48.8%GSID+54.5%SPDW

Expense ratio: GSID 0.20%; SPDW 0.03%, better
Fund size: GSID $996M; SPDW $41.4B
1Y total return: GSID +13.2%; SPDW +17.0%, better
Yield (12M): GSID 2.53%; SPDW 3.07%, better
Holdings: GSID 902; SPDW 2444
Avg volume (30D): GSID 60.7K sh; SPDW 2.8M sh, better
NAV per share: GSID $74.87; SPDW $49.93
52W range

ETF.net Grade

Pillar letters and Scores for GSID, SPDW, with each pillar’s weight
Pillar	GSID	SPDW
Cost30% weight	D38	A90Higher
Mission25% weight	A100	A100
Risk15% weight	C44Higher	C43
Tradability15% weight	F15	B66Higher
Holdings10% weight	A74	A87Higher
Durability5% weight	D28	A76Higher

Rank among Developed International Core funds

How we build Categories ›

Same Category. GSID and SPDW are both graded against the same 20 Developed International Core funds, so their Grades compare head to head.

Developed International Core⁠

Category · 20 funds

See all 20 ›

SPDW ranks 2nd and GSID 15th of 20 funds in the Developed International Core Category.

Rank 1AIDEViShares Core MSCI International Developed Markets ETFScore 81
Rank 2ASPDWState Street SPDR Portfolio Developed World ex-US ETFScore 80
Rank 2AVEAVanguard FTSE Developed Markets ETFScore 80
Rank 14BFNDFSchwab Fundamental International Large Company Index ETFScore 56
Rank 15CGSIDGoldman Sachs MarketBeta International Equity ETFScore 53
Rank 16CPXFInvesco RAFI Developed Markets ex-U.S. ETFScore 51

Our read on each fund

ETF.net Research

GSIDCGoldman Sachs MarketBeta International Equity ETF

SPDWAState Street SPDR Portfolio Developed World ex-US ETF

In short

GSID Goldman's plain-vanilla international core: roughly 900 developed-market stocks outside North America, held directly, at 0.20% net of a waiver through December 29, 2026. A big Wall Street name doing a quiet index-fund job.

SPDW Developed markets outside the US, roughly 2,400 stocks deep, for three basis points. State Street's 2007-vintage international core: priced at the category floor and built wide rather than mega-cap-only.

Stated mandate

GSID The Fund seeks to track, before fees and expenses, the Solactive GBS Developed Markets ex North America Large & Mid Cap Index.

SPDW The fund seeks to provide investment results that generally correspond, before fees and expenses, to the total return performance of the S&P Developed Ex-U.S. BMI Index.

Why people hold it

GSID The tracking job is the strength here: it has hugged its Solactive developed ex-North America index closely, which is the entire assignment for a market-beta wrapper.
Roughly 900 large and mid caps across Europe, Japan and the rest of the developed world, covering about 85% of that market by Goldman's own count.gs.com
Goldman designed the MarketBeta line as a core building block to be combined with other funds, and this one pays out quarterly.gs.com

SPDW 0.03% is the floor for this category. It matches VEA and SCHF penny for penny and sits far under what the typical developed-markets index fund charges.
Roughly 2,400 names across developed markets ex-US. The S&P Developed Ex-U.S. BMI is a broad-market index, so the sweep runs well past the household-name giants.
Tracking is among the tightest in its peer group, and it's a multi-billion-dollar fund that trades actively, which helps at the point of execution.
Trading since 2007 under one of the largest ETF issuers, a long operating history for a fund at this price point.

Worth knowing

GSID 0.20% net of a waiver through December 29, 2026 (0.25% gross) sits above the category median, in a group where IDEV charges 0.04% and VEA and SCHF 0.03%.
Moderately traded rather than one of the category's most liquid names, so bid-ask spreads can run wider than at the index-fund giants.
No US or Canadian stocks and no emerging markets: one slice of global equity, not a whole-world fund.

SPDW Developed markets only. No US stocks, no emerging markets, by mandate. This is one slice of a global allocation, not the whole map.
Plain index exposure to foreign equities, with no hedge or defensive screen in the mandate. Overseas market swings pass straight through.
Distributions arrive once or twice a year rather than quarterly or monthly, so the income rhythm is lumpier than some peers.

Full GSID profile⁠

Full SPDW profile⁠

GSID vs SPDW Holdings

How GSID and SPDW differ

Overlap by weight

34.4%

Shared holdings make up 47.5% of GSID and 34.8% of SPDW.

Level by level

Holdings476 in both34.4%
Countryby domicile80.5%
Sector11 Sectors93.8%
Asset classEquity100%

Sector

Sector weights in GSID and SPDW, widest gap first
Sector	More in GSIDMore in SPDW	GSID	SPDW
Technology	SPDW +2.9 points	11.9%	14.8%
Health Care	GSID +2.3 points	10.8%	8.5%
Energy	SPDW +1.2 points	4.3%	5.5%
Communication	GSID +1.1 points	4.5%	3.4%
Financials	GSID +1.1 points	25.0%	23.9%
Materials	SPDW +1.0 points	6.1%	7.1%
Consumer Staples	GSID +1.0 points	6.8%	5.8%
Consumer Discretionary	SPDW +0.8 points	7.2%	8.0%
Utilities	GSID +0.4 points	3.7%	3.3%
Real Estate	SPDW +0.4 points	1.8%	2.2%
Industrials	GSID +0.2 points	17.9%	17.7%

Country, concentration and asset class

Country by domicile

Country weights in GSID and SPDW, widest gap first
Country	More in GSIDMore in SPDW	GSID	SPDW
Canada	SPDW +11.0 points	0.0%	11.0%
South Korea	SPDW +8.2 points	0.0%	8.2%
Japan	GSID +4.3 points	26.6%	22.3%
United Kingdom	GSID +2.8 points	13.5%	10.7%
Germany	GSID +1.9 points	8.1%	6.2%
Switzerland	GSID +1.9 points	9.1%	7.2%
Australia	GSID +1.6 points	7.2%	5.6%
France	GSID +1.3 points	7.3%	6.0%
Other countries (23)	GSID +5.5 points	28.3%	22.8%

Outside the US: GSID 98% developed, 2% emerging. SPDW 90% developed, 10% emerging.

Concentration

Weight in the 10 largest Holdings

GSID13.9%
SPDW12.6%

Securities held

GSID891
SPDW2,416

Asset class

GSID: Equity
SPDW: Equity

Holdings

Only in GSID415
In both476
Only in SPDW1,940

Only in GSID

415 securities, 52.7% of GSID by weight

Asml Holding N.v.2.86%
Shell PLC1.36%
Hsbc Holdings PLC1.35%
Astrazeneca PLC Ord1.17%
Sap SE1.06%
Siemens AG Reg Shs0.99%
Totalenergies SE0.87%
Allianz SE0.85%
Banco Santander, S.a.0.77%
Iberdrola Sociedad Anonima0.69%
Schneider Electric0.68%
Rolls-Royce Holdings PLC0.65%
Banco Bilbao Vizcaya0.62%
Unilever PLC0.62%
Airbus SE0.58%
British American Tobacco Ord0.56%
Air Liquide SA0.56%
Novo Nordisk A/S0.55%
Bp PLC0.54%
Unicredit, Societa' Per Azioni0.52%
Siemens Energy AG0.50%
Safran SA0.49%
Lvmh Moet-Hennessy Louis0.49%
L'oreal0.48%
Ince/Icus Msci Eafe 12/20260.46%
Deutsche Telekom AG0.45%
Gsk PLC0.44%
Bnp Paribas0.44%
Intesa Sanpaolo0.43%
Sanofi0.40%
Ing Groep N.v.0.40%
Rio Tinto PLC0.40%
Spotify Technology S.a.0.39%
Bae Systems PLC0.38%
Anheuser-Busch Inbev0.37%
National Grid PLC0.36%
Enel Spa Eur 10.36%
Axa0.36%
Barclays PLC0.36%
Infineon Technologies AG0.35%
Muenchener Rueckvers.ges.ag0.35%
Lloyds Banking Group PLC0.35%
Investor Aktiebolag0.34%
Industria De Diseno Textil, S.a.0.31%
Glencore PLC0.30%
Relx PLC0.30%
Natwest Group PLC0.29%
Deutsche Boerse AG0.29%
Deutsche Bank Reg Shs0.28%
Dhl Group0.27%

Only in SPDW

1,940 securities, 65.1% of SPDW by weight

Samsung Electr Gdr Reg’s2.39%
Sk Hynix Inc2.01%
Asml Holding NV1.96%
Shell PLC0.95%
Hsbc Holdings PLC0.89%
Royal Bank of Canada0.87%
Astrazeneca PLC0.82%
Banco Santander SA0.81%
Sap SE0.72%
Siemens AG Reg0.68%
Toronto Dominion Bank0.64%
Shopify Inc Class A0.62%
Totalenergies SE0.60%
Allianz SE Reg0.56%
Iberdrola SA0.47%
Schneider Electric SE0.47%
Rolls Royce Holdings PLC0.46%
Unilever PLC0.43%
Banco Bilbao Vizcaya Argenta0.43%
Bp PLC0.43%
Airbus SE0.41%
Unicredit Spa0.41%
Air Liquide SA0.38%
Bank of Montreal0.38%
British American Tobacco PLC0.38%
Novo Nordisk A/S B0.37%
Bank of Nova Scotia0.37%
Canadian Natural Resources0.34%
Can Imperial Bk of Commerce0.33%
Enbridge Inc0.33%
Samsung Electronics Pref0.33%
Lvmh Moet Hennessy Louis Vui0.33%
Siemens Energy AG0.33%
Intesa Sanpaolo0.33%
L Oreal0.33%
Safran SA0.32%
Bnp Paribas0.30%
Deutsche Telekom AG Reg0.30%
Gsk PLC0.29%
Ing Groep NV0.29%
Agnico Eagle Mines Ltd0.28%
Suncor Energy Inc0.28%
Rio Tinto PLC0.27%
Lloyds Banking Group PLC0.27%
Brookfield Corp0.26%
Spotify Technology SA0.26%
Bae Systems PLC0.26%
National Grid PLC0.25%
Canadian Pacific Kansas City0.25%
Axa SA0.25%

Weight gaps

The 100 widest of 476 Holdings in both funds.

Holding weights in GSID and SPDW, widest gap first
Holding	More in GSIDMore in SPDW	GSID	SPDW
Roche Holding AG	GSID +0.52 points	1.55%	1.03%
Novartis AG Shs	GSID +0.42 points	1.31%	0.89%
Nestle S.a.	GSID +0.37 points	1.15%	0.78%
Mitsubishi Ufj Financial Group	GSID +0.33 points	1.13%	0.80%
Bhp Group Limited	GSID +0.29 points	0.91%	0.62%
Commonwealth Bank of Australia	GSID +0.28 points	0.87%	0.59%
Ubs Group AG	GSID +0.22 points	0.68%	0.46%
Sumitomo Mitsui Fin Group, Inc	GSID +0.22 points	0.70%	0.48%
Advantest Corp	GSID +0.21 points	0.76%	0.55%
Hitachi, Ltd.	GSID +0.20 points	0.64%	0.44%
Abb Ltd	GSID +0.19 points	0.62%	0.43%
Mizuho Financial Group	GSID +0.19 points	0.56%	0.37%
Sony Group Corporation	GSID +0.17 points	0.65%	0.48%
Tokyo Electron Ltd	GSID +0.17 points	0.63%	0.46%
Zurich Insurance Group AG	GSID +0.17 points	0.51%	0.34%
Dbs Group Holdings Ltd	GSID +0.16 points	0.52%	0.36%
Recruit Holdings Co., Ltd.	GSID +0.16 points	0.69%	0.53%
Nippon Telegph & Tele	GSID +0.15 points	0.25%	0.10%
Kioxia Holdings Corporation	GSID +0.15 points	0.47%	0.32%
Compagnie Financiere Richemont SA	GSID +0.16 points	0.48%	0.32%
Anz Group Holdings Ltd	GSID +0.13 points	0.39%	0.26%
Telstra Group Ltd	GSID +0.13 points	0.17%	0.04%
Westpac Banking Corporation	GSID +0.12 points	0.39%	0.27%
National Australia Bk -Ord	GSID +0.13 points	0.40%	0.27%
Aia Group Limited	GSID +0.12 points	0.43%	0.31%
Softbank Group Corp.	GSID +0.12 points	0.48%	0.36%
Keyence Corp.	GSID +0.12 points	0.40%	0.28%
Tokio Marine Holdings, Inc.	GSID +0.11 points	0.43%	0.32%
Itochu Corporation	GSID +0.10 points	0.41%	0.31%
Lonza Group AG	GSID +0.10 points	0.26%	0.16%
Macquarie Group Limited	GSID +0.10 points	0.29%	0.19%
Toyota Motor Corporation	GSID +0.09 points	0.80%	0.71%
Takeda Pharmaceutical Co Ltd	GSID +0.09 points	0.29%	0.20%
Kddi Corporation	GSID +0.09 points	0.24%	0.15%
Wesfarmers Limited	GSID +0.09 points	0.27%	0.18%
Argenx Se-AdrARGX	GSID +0.08 points	0.25%	0.17%
Mitsubishi Heavy Ind	GSID +0.09 points	0.31%	0.22%
Givaudan	GSID +0.08 points	0.20%	0.12%
Csl Limited	GSID +0.08 points	0.28%	0.20%
Hong Kong Exchanges & Clear	GSID +0.08 points	0.25%	0.17%
Fast Retailing Co Ltd	GSID +0.07 points	0.37%	0.30%
Galderma Group AG	GSID +0.07 points	0.20%	0.13%
Fujikura Ltd.	GSID +0.08 points	0.21%	0.13%
Mitsubishi Elec Corp	GSID +0.06 points	0.26%	0.20%
Fujitsu Limited	GSID +0.07 points	0.21%	0.14%
Mitsubishi Corp.	GSID +0.07 points	0.45%	0.38%
Nintendo Co., Ltd.	GSID +0.06 points	0.25%	0.19%
Japan Tobacco Inc.	GSID +0.06 points	0.23%	0.17%
Ryanair Holdings Plc-AdrRYAAY	GSID +0.06 points	0.11%	0.05%
Honda Motor Co., Ltd.	GSID +0.06 points	0.20%	0.14%
Woodside Energy Group Ltd	GSID +0.06 points	0.19%	0.13%
Ocbc Ltd	GSID +0.06 points	0.33%	0.27%
Softbank Corp.	GSID +0.07 points	0.19%	0.12%
Hoya Corp	GSID +0.06 points	0.25%	0.19%
Panasonic	GSID +0.06 points	0.23%	0.17%
Dsv A/S	GSID +0.06 points	0.18%	0.12%
Goodman Group	GSID +0.06 points	0.18%	0.12%
Alcon, Inc.	GSID +0.06 points	0.17%	0.11%
Murata Mfg. Co., Ltd.	GSID +0.06 points	0.32%	0.26%
Rio Tinto Limited	GSID +0.06 points	0.18%	0.12%
Holcim AG	GSID +0.05 points	0.18%	0.13%
Swiss Re AG	GSID +0.05 points	0.21%	0.16%
Nec Corporation	GSID +0.05 points	0.18%	0.13%
Marubeni Corporation	GSID +0.05 points	0.21%	0.16%
Woolworths Group Limited	GSID +0.05 points	0.15%	0.10%
Shin-Etsu Chemical	GSID +0.05 points	0.28%	0.23%
MS&AD Insurance Group Holdings	GSID +0.05 points	0.19%	0.14%
Sandoz Group AG	GSID +0.05 points	0.19%	0.14%
United Overseas Bank Ltd	GSID +0.04 points	0.18%	0.14%
Transurban Group	GSID +0.04 points	0.13%	0.09%
Orix Corporation	GSID +0.05 points	0.19%	0.14%
Resona Holdings, Inc.	GSID +0.04 points	0.14%	0.10%
Seven & I Holdings Co., Ltd.	GSID +0.04 points	0.14%	0.10%
Toyota Tsusho Corporation	GSID +0.05 points	0.14%	0.09%
Ajinomoto Co., Inc.	GSID +0.04 points	0.13%	0.09%
Sumitomo Electric Industries, Ltd	GSID +0.04 points	0.15%	0.11%
Japan Post Bank Co., Ltd.	GSID +0.04 points	0.15%	0.11%
Disco Corp.	GSID +0.04 points	0.13%	0.09%
Daikin Industries	GSID +0.04 points	0.16%	0.12%
Nomura Holdings, Inc.	GSID +0.04 points	0.13%	0.09%
Genmab A/S	GSID +0.04 points	0.15%	0.11%
Mitsui & Co Ltd	GSID +0.04 points	0.34%	0.30%
Ck Hutchison Holdings Limited	GSID +0.04 points	0.10%	0.06%
Tdk Corp	GSID +0.04 points	0.15%	0.11%
Qbe Insurance Group Limited	GSID +0.03 points	0.12%	0.09%
Vestas Wind Systems A/S	GSID +0.04 points	0.13%	0.09%
Techtronic Industries Co Ltd	GSID +0.03 points	0.10%	0.07%
Kyocera Corporation	GSID +0.04 points	0.13%	0.09%
Nippon Steel Corporation	GSID +0.03 points	0.10%	0.07%
Sumitomo Corporation	GSID +0.03 points	0.21%	0.18%
SOUTH32 Limited	GSID +0.03 points	0.06%	0.03%
Smc Corporation	GSID +0.03 points	0.10%	0.07%
Ibiden Co Ltd	GSID +0.04 points	0.14%	0.10%
Japan Airlines Ltd	GSID +0.03 points	0.04%	<0.01%
Nebius Group NVNBIS	GSID +0.03 points	0.16%	0.13%
Danske Bank AG DKK100	GSID +0.03 points	0.15%	0.12%
Sompo Holdings, Inc.	GSID +0.03 points	0.18%	0.15%
Bridgestone Corp	GSID +0.03 points	0.12%	0.09%
Lasertec Corp	GSID +0.03 points	0.09%	0.06%
Mitsui Fudosan Co., Ltd.	GSID +0.03 points	0.11%	0.08%

All 892 GSID holdings⁠All 2,436 SPDW 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.

GSID vs SPDW Cost

Overpaying GSID vs SPDW

$3,517

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

GSID 0.20%
$4,155
SPDW 0.03%
$638

Amount$10,000

Years30 years

Cost over time

GSID 0.20%
SPDW 0.03%
Overpaying

Year by year

Year	GSID	SPDW	Overpaying
10	$365	$55	$310
20	$1,421	$216	$1,205
30	$4,155	$638	$3,517

Expense ratio

0.20%GSID
0.03%SPDW, cheaper

SPDW0.03%GSID0.20%

0.03%0.70%

Middle half of Developed International Core funds
Median 0.10%

SPDW cheapest of 20 funds

GSID 12th cheapest of 20 funds

GSID vs SPDW Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GSID 2.53%; SPDW 3.07%, better
Payout (12M): GSID $1.88; SPDW $1.52
Last payment: GSID $0.39; SPDW $0.72
Ex-dividend: GSID Sep 24, 2026; SPDW Jun 22, 2026
Paid on: GSID Sep 30, 2026; SPDW Jun 26, 2026
Frequency: GSID Quarterly; SPDW Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

GSIDQuarterly · 25 paymentsAll GSID payments⁠

SPDWTwice a year · 19 paymentsAll SPDW payments⁠

GSID vs SPDW Risk

Fall from peak · 5 years

GSID
SPDW

Risk facts

VolatilityStd dev, 3 years: GSID 11.9%, betterSPDW 12.7%
Return per unit of riskSharpe ratio, 3 years: GSID 1.18SPDW 1.27, better
Worst fallMax drawdown, 5 years: GSID −29.5%, betterSPDW −29.9%
Market sensitivityBeta, 5 years: GSID 0.88SPDW 1.03; Market = 1

GSID and SPDW in the news

All news⁠

Best ETFs
Vanguard's total international fund is the one-fund pick, and Korea splits the rest
Updated Oct 2, 2026SPDW

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GSID vs SPDW

In short

Stated mandate

Why people hold it

Worth knowing

How GSID and SPDW differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GSID

Only in SPDW

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Vanguard's total international fund is the one-fund pick, and Korea splits the rest

How GSID and SPDW differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GSID

Only in SPDW

Weight gaps