GSIE vs INTF: Grades, Fees and Holdings Compared

Goldman Sachs ActiveBeta International Equity ETF

GSIEBNYSE Arca

iShares International Equity Factor ETF

INTFANYSE Arca

Overlap

49.9%by weight

Expense ratio

INTF −0.09pt a year

GSIE0.25%INTF0.16%

Avg volume · 30D

GSIE 1.3×the volume

GSIE413KINTF312K

10Y return · a year

GSIE +0.3pt

GSIE+9.7%INTF+9.4%

GSIE vs INTF Performance

Nov 5, 2021 – Nov 5, 2026

+47.9%GSIE+61.9%INTF

Expense ratio: GSIE 0.25%; INTF 0.16%, better
Fund size: GSIE $6.02B; INTF $3.77B
1Y total return: GSIE +14.7%; INTF +16.4%, better
Yield (12M): GSIE 2.63%; INTF 3.04%, better
Holdings: GSIE 641; INTF 500
Avg volume (30D): GSIE 413K sh, better; INTF 312K sh
NAV per share: GSIE $46.77; INTF $41.83
52W range

ETF.net Grade

Pillar letters and Scores for GSIE, INTF, with each pillar’s weight
Pillar	GSIE	INTF
Cost30% weight	A74	A98Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	C51	C51
Tradability15% weight	B63	A72Higher
Holdings10% weight	A75Higher	B68
Durability5% weight	A80	A86Higher

Rank among International Multifactor funds

How we build Categories ›

Same Category. GSIE 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 2nd and GSIE 7th of 30 funds in the International Multifactor Category.

Rank 1AGSWOGoldman Sachs ActiveBeta World Equity ETFScore 79
Rank 2ADFAIDimensional International Core Equity Market ETFScore 78
Rank 2AINTFiShares International Equity Factor ETFScore 78
Rank 4AFDEVFidelity International Multifactor ETFScore 71
Rank 6BGLOFiShares Global Equity Factor ETFScore 68
Rank 7BGSIEGoldman Sachs ActiveBeta International Equity ETFScore 67
Rank 8BISCFiShares International Small-Cap Equity Factor ETFScore 66

Our read on each fund

ETF.net Research

GSIEBGoldman Sachs ActiveBeta International Equity ETF

INTFAiShares International Equity Factor ETF

In short

GSIE Goldman's ActiveBeta engine pointed at developed markets outside the US: four factor sleeves (value, momentum, quality, low volatility) blended in equal weight across roughly 600 stocks. A tilt on the index, not a bet against it.

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

GSIE The Fund seeks to track the Goldman Sachs ActiveBeta International Equity Index, which provides exposure to equity securities of developed-market issuers outside the United States.

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

GSIE Value, momentum, quality and low volatility are each built as their own subindex, then combined in equal weights, so no single factor runs the portfolio.gs.com
Charges 0.25% a year, below the median for international multifactor funds.
Roughly 600 developed-market names, long only. It reweights a broad cap-weighted universe instead of cutting it to a short bet list.gs.com
A multi-billion-dollar fund and one of the more liquid ways into the international factor trade.

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

GSIE The benchmark is Goldman's own index, not a third-party one, so the tilts follow GSAM's rules and can diverge from plain developed-ex-US exposure.gs.com
Cheaper factor rivals exist: INTF at 0.16% and FDEV at 0.18%.
Developed markets only, no emerging. Holdings trade in foreign currencies, so the dollar's swings ride along.gsam.com

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 GSIE profile⁠

Full INTF profile⁠

GSIE vs INTF Holdings

How GSIE and INTF differ

Overlap by weight

49.9%

Shared holdings make up 77.6% of INTF and 62.6% of GSIE.

Level by level

Holdings301 in both49.9%
Countryby domicile89.9%
Sector11 Sectors95.3%
Asset classStocks100%

Sector

Sector weights in GSIE and INTF, widest gap first
Sector	Gap	GSIE	INTF
Consumer Staples	GSIE +1.6 points	7.6%	6.0%
Materials	INTF +1.5 points	5.2%	6.7%
Financials	GSIE +1.4 points	28.2%	26.8%
Real Estate	INTF +1.2 points	1.1%	2.3%
Health Care	GSIE +0.9 points	9.6%	8.7%
Consumer Discretionary	INTF +0.7 points	8.6%	9.3%
Utilities	INTF +0.6 points	3.4%	4.0%
Communication	GSIE +0.5 points	3.6%	3.1%
Technology	INTF +0.4 points	10.3%	10.7%
Industrials	GSIE +0.3 points	17.2%	16.9%
Energy	INTF +0.3 points	5.2%	5.5%

Country, concentration and asset class

Country by domicile

Country weights in GSIE and INTF, widest gap first
Country	Gap	GSIE	INTF
Canada	GSIE +4.3 points	11.8%	7.5%
Japan	INTF +4.0 points	21.4%	25.4%
Australia	INTF +1.9 points	4.4%	6.3%
United Kingdom	INTF +1.0 points	11.5%	12.5%
Germany	GSIE +1.0 points	7.8%	6.8%
Hong Kong	GSIE +0.9 points	2.2%	1.3%
Italy	INTF +0.7 points	3.2%	3.9%
Singapore	GSIE +0.6 points	2.0%	1.4%
Other countries (19)	GSIE +0.8 points	35.7%	34.9%

Outside the US: GSIE 99% developed, 1% emerging. INTF 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

GSIE10.6%
INTF12.7%

Securities held

GSIE631
INTF481

Asset class

GSIE: Stocks
INTF: Stocks

Holdings

Only in GSIE330
In both301
Only in INTF180

Only in GSIE

330 securities, 37.3% of GSIE by weight

Shell PLC0.76%
Dhl Group0.48%
Ince/Icus Msci Eafe 12/20260.46%
Bouygues S.a. (Ord)0.38%
Zalando SE0.36%
Constellation Software Inc0.35%
Idemitsu Kosan Co.,ltd.0.35%
Mitsubishi Chemical Group Corporation0.35%
Shiseido Co., Ltd.0.34%
Empire Co Ltd Cl-A0.33%
Legal & General Group Ord0.32%
Lundin Gold Inc.0.31%
Heineken Holding N.v.0.31%
Rational AG0.30%
Avolta AG0.30%
Fresenius Medical Care AG0.30%
Cvc Capital Partners PLC0.29%
Admiral Group PLC0.29%
Finecobank Banca Fineco S.p.a.0.29%
Lottery Corp/The0.29%
Fresenius SE & Co. Kgaa0.27%
Zensho Holdings Co., Ltd.0.27%
Groupe Wsp Global Inc.0.26%
National Bank Cda Montreal Que0.25%
Ana Holdings Inc.0.25%
Suzuki Motor Corp0.25%
A P Moller - Maersk A/S0.25%
Sompo Holdings, Inc.0.24%
Qbe Insurance Group Limited0.24%
Lasertec Corp0.24%
Shopify Inc.0.24%
Bridgestone Corp0.23%
Tc Energy Corp0.23%
Partners Group Holding AG0.23%
Ipsen0.23%
Kubota Corp0.23%
M&G PLC0.23%
Bureau Veritas0.23%
Techtronic Industries Co Ltd0.22%
Barry Callebaut AG Reg0.22%
Brookfield Asset Management Ltd0.21%
Sonova Holding AG0.21%
Rea Group Ltd0.21%
Mapfre, S.a.0.21%
Swedbank Ab0.20%
Ems-Chemie Holding AG0.20%
Buzzi Spa0.20%
Asr Nederland N.v.0.20%
Associated British Foods PLC0.20%
Mitsubishi Hc Capital Inc.0.19%

Only in INTF

180 securities, 21.8% of INTF by weight

Shell0.75%
Balfour Beatty PLC0.41%
Shopify Subordinate Voting Class A0.38%
Jb Hi-Fi Ltd0.38%
Al Sydbank0.36%
Iss A’s0.36%
Coca Cola Hbc AG0.35%
Uss0.34%
Hokuhoku Financial Group Inc0.34%
Drax Group PLC0.29%
Aurizon Holdings0.28%
Yamazaki Baking Ltd0.28%
Saipem0.28%
Glencore PLC0.28%
Aberdeen Group PLC0.28%
Nordex0.27%
Santen Pharmaceutical0.27%
Bam Groep Koninklijke NV0.27%
Delonghi0.26%
Bmw0.24%
Coca-Cola Bottlers Japan Holdings0.24%
PLUS5000.23%
Vz Holding AG0.23%
Prosus NV Class N0.23%
Banca Generali0.23%
Konecranes0.22%
Sumitomo Pharma Ltd0.22%
Ssab Class B0.22%
Tisi0.21%
Toyoda Gosei0.21%
Japan Real Estate Investment Trust0.21%
Regis Resources0.20%
Tui N AG0.20%
A2A0.20%
Nomura Real Estate Holdings Inc0.20%
Investec PLC0.19%
Bluescope Steel0.19%
Sanwa Holdings0.19%
Azbil Corp0.19%
Agl Energy Ltd0.19%
Kamigumi0.19%
Xtb0.19%
Flatexdegiro N0.19%
Compass Group PLC0.18%
Serco Group PLC0.18%
Suzuken Ltd0.18%
Canon Marketing Japan Inc0.18%
Ricoh0.17%
Nippon Electric Glass0.17%
Stockland Stapled Units Ltd0.16%

Weight gaps

The 100 widest of 301 Holdings in both funds.

Holding weights in GSIE and INTF, widest gap first
Holding	Gap	GSIE	INTF
Novartis AG Shs	INTF +1.19 points	1.07%	2.26%
Abb Ltd	INTF +0.64 points	0.28%	0.92%
Mizuho Financial Group	INTF +0.57 points	0.23%	0.80%
Sumitomo Mitsui Fin Group, Inc	INTF +0.56 points	0.27%	0.83%
Abn Amro Bank N.v.	INTF +0.55 points	0.18%	0.73%
Aib Group Public Limited Company	INTF +0.54 points	0.13%	0.67%
Loblaw Cos Ltd	INTF +0.52 points	0.31%	0.83%
Rio Tinto Limited	INTF +0.50 points	0.12%	0.62%
Toronto Dominion Bank	GSIE +0.47 points	0.87%	0.40%
Mitsubishi Ufj Financial Group	INTF +0.45 points	0.55%	1.00%
Unicredit, Societa' Per Azioni	INTF +0.44 points	0.38%	0.82%
Manulife Financial Corp	INTF +0.45 points	0.23%	0.68%
Toyota Motor Corporation	INTF +0.43 points	0.23%	0.66%
Bhp Group Limited	INTF +0.41 points	0.46%	0.87%
Nestle S.a.	INTF +0.41 points	0.60%	1.01%
Repsol Ypf SA	INTF +0.40 points	0.15%	0.55%
Bank of Nova Scotia (The)	GSIE +0.38 points	0.48%	0.10%
Engie	INTF +0.36 points	0.12%	0.48%
Bayer Aktiengesellschaft	GSIE +0.35 points	0.45%	0.10%
Yangzijiang Shipbuilding (Holdings) Ltd.	INTF +0.35 points	0.03%	0.38%
Totalenergies SE	INTF +0.34 points	0.45%	0.79%
Advantest Corp	GSIE +0.34 points	0.96%	0.62%
Deutsche Boerse AG	INTF +0.34 points	0.04%	0.38%
Bae Systems PLCBA.L	INTF +0.34 points	0.06%	0.40%
Banco Santander, S.a.	GSIE +0.32 points	0.73%	0.41%
Rolls-Royce Holdings PLCRR.L	INTF +0.32 points	0.23%	0.55%
Canadian Imperial Bank of	GSIE +0.32 points	0.51%	0.19%
Safran SA	INTF +0.30 points	0.12%	0.42%
Sgs SA	GSIE +0.30 points	0.40%	0.10%
Tokio Marine Holdings, Inc.	INTF +0.29 points	0.20%	0.49%
Geberit AG	GSIE +0.29 points	0.33%	0.04%
Nn Group N.v.	GSIE +0.30 points	0.32%	0.02%
Enbridge Inc.	GSIE +0.30 points	0.31%	0.01%
Sanofi	INTF +0.30 points	0.15%	0.45%
Bank of Montreal	GSIE +0.30 points	0.41%	0.11%
Compagnie Financiere Richemont SA	INTF +0.30 points	0.08%	0.38%
Kuehne & Nagel Intl AG	GSIE +0.29 points	0.32%	0.03%
Gas Natural Sdg SA	INTF +0.28 points	0.04%	0.32%
Mitsubishi Corp.	GSIE +0.28 points	0.33%	0.05%
Cap Gemini	GSIE +0.28 points	0.30%	0.02%
Nordea Bank Abp	INTF +0.27 points	0.24%	0.51%
Klepierre SA Shs	INTF +0.26 points	0.04%	0.31%
Unibail-Rodamco-Westfield SE	INTF +0.26 points	0.06%	0.32%
Asics Corp	INTF +0.26 points	0.27%	0.53%
Subaru Corporation	INTF +0.26 points	0.04%	0.30%
Ubs Group AG	INTF +0.26 points	0.40%	0.66%
Commonwealth Bank of Australia	INTF +0.25 points	0.38%	0.63%
Equinor Asa	INTF +0.26 points	0.09%	0.35%
Daiwa Securities	INTF +0.26 points	0.09%	0.35%
Galderma Group AG	INTF +0.25 points	0.05%	0.30%
Suncor Energy Inc.	INTF +0.24 points	0.31%	0.55%
Magna International Inc.	GSIE +0.25 points	0.40%	0.15%
Sap SE	INTF +0.24 points	0.59%	0.83%
Bnp Paribas	GSIE +0.25 points	0.39%	0.14%
Kingfisher PLCKGF.L	GSIE +0.24 points	0.47%	0.23%
Tesco PLCTSCO.L	INTF +0.24 points	0.20%	0.44%
Nutrien Ltd.	INTF +0.23 points	0.08%	0.31%
Credit Agricole SA	INTF +0.23 points	0.19%	0.42%
Hong Kong Exchanges & Clear	GSIE +0.22 points	0.27%	0.05%
Eneos Holdings, Inc.	GSIE +0.22 points	0.31%	0.09%
E.on SE	INTF +0.21 points	0.07%	0.28%
Konami Group Corp	INTF +0.22 points	0.03%	0.25%
Origin Energy Ltd	INTF +0.21 points	0.03%	0.24%
Hitachi, Ltd.	INTF +0.21 points	0.32%	0.53%
Wheaton Precious Metals Corp	INTF +0.21 points	0.06%	0.27%
Japan Post Bank Co., Ltd.	INTF +0.20 points	0.08%	0.28%
Fast Retailing Co Ltd	INTF +0.21 points	0.20%	0.41%
Singapore Exchange Ltd	GSIE +0.20 points	0.27%	0.07%
Softbank Group Corp.	INTF +0.20 points	0.15%	0.35%
Axa	GSIE +0.20 points	0.34%	0.14%
Sony Group Corporation	INTF +0.20 points	0.26%	0.46%
Mitsubishi Heavy Ind	INTF +0.20 points	0.09%	0.29%
Asml Holding N.v.	INTF +0.20 points	1.98%	2.18%
Sage Group Plc. (The)SGE.L	INTF +0.19 points	0.30%	0.49%
Wartsila	INTF +0.19 points	0.02%	0.21%
Novo Nordisk A/S	INTF +0.19 points	0.39%	0.58%
Siemens Energy AG	INTF +0.19 points	0.25%	0.44%
Astellas Pharma Inc.	GSIE +0.19 points	0.24%	0.05%
Carrefour S.a. (Ord)	GSIE +0.19 points	0.27%	0.08%
Eiffage SA	GSIE +0.19 points	0.35%	0.16%
Zurich Insurance Group AG	INTF +0.18 points	0.27%	0.45%
Kinross Gold Corporation	INTF +0.18 points	0.11%	0.29%
Ryohin Keikaku Co., Ltd.	GSIE +0.18 points	0.26%	0.08%
Canadian Natural Resources	INTF +0.18 points	0.13%	0.31%
Deutsche Telekom AG	INTF +0.18 points	0.16%	0.34%
Sbi Holdings, Inc.	GSIE +0.18 points	0.23%	0.05%
Aia Group Limited	INTF +0.18 points	0.18%	0.36%
Siemens AG Reg Shs	INTF +0.18 points	0.54%	0.72%
Kone Corp	INTF +0.18 points	0.07%	0.25%
Investor Aktiebolag	INTF +0.17 points	0.25%	0.42%
Toyota Tsusho Corporation	GSIE +0.17 points	0.18%	<0.01%
Telstra Group Ltd	INTF +0.17 points	0.12%	0.29%
Banco De Sabadell, S.a.	INTF +0.17 points	0.10%	0.27%
Telia Co AB	INTF +0.17 points	0.04%	0.20%
Volvo Ab 'b' SEK5	INTF +0.17 points	0.03%	0.20%
L'oreal	INTF +0.16 points	0.41%	0.57%
Endesa SA	INTF +0.16 points	0.13%	0.29%
Daiichi Sankyo Co., Ltd.	INTF +0.16 points	0.04%	0.20%
Barrick Mining Corp	INTF +0.16 points	0.13%	0.29%
Komatsu Ltd.	INTF +0.15 points	0.03%	0.18%

All 631 GSIE holdings⁠All 482 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.

GSIE vs INTF Cost

Overpaying GSIE vs INTF

$1,817

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

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

Amount$10,000

Years30 years

Cost over time

GSIE 0.25%
INTF 0.16%
Overpaying

Year by year

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

Expense ratio

0.25%GSIE
0.16%INTF, cheaper

INTF0.16%GSIE0.25%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

INTF 2nd cheapest of 30 funds

GSIE 8th cheapest of 30 funds

GSIE vs INTF Dividends

Last 12 months to Nov 5, 2026

Yield (12M): GSIE 2.63%; INTF 3.04%, better
Payout (12M): GSIE $1.21; INTF $1.24
Last payment: GSIE $0.26; INTF $0.72
Ex-dividend: GSIE Sep 24, 2026; INTF Jun 15, 2026
Paid on: GSIE Sep 30, 2026; INTF Jun 18, 2026
Frequency: GSIE Quarterly; INTF Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

GSIEQuarterly · 40 paymentsAll GSIE payments⁠

INTFTwice a year · 20 paymentsAll INTF payments⁠

GSIE vs INTF Risk

Fall from peak · 5 years

GSIE
INTF

Risk facts

VolatilityStd dev, 3 years: GSIE 11.2%INTF 11.2%
Return per unit of riskSharpe ratio, 3 years: GSIE 1.31INTF 1.45, better
Worst fallMax drawdown, 5 years: GSIE −29.6%INTF −27.6%, better
Market sensitivityBeta, 5 years: GSIE 0.87INTF 0.76; Market = 1

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