FEDM vs GSIE
Northern Trust ESG & Climate Developed Markets ex-US Core ETF vs Goldman Sachs ActiveBeta International Equity ETF
Which is better, FEDM or GSIE?
Nearly the same fund. FEDM costs less.
FEDM has a lower expense ratio. GSIE led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. GSIE is less concentrated, with 10.9% of the fund in its ten largest positions against 15.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FEDM | GSIE |
|---|---|---|
| Expense Ratio | 0.12%Best | 0.25% |
| AUM | $82M | $5.9B |
| Dividend Yield | 2.89% | 2.63% |
| Holdings | 265 | 633 |
| YTD Return | +8.67%Best | +7.77% |
| 1Y Return | +14.21% | +14.51%Best |
| 3Y Return (annualized) | +17.03% | +18.48%Best |
| 5Y Return (annualized) | +7.65% | +8.56%Best |
| Volatility (annualized) | 15.6% | 15.1%Best |
| Max Drawdown | -29.4%Best | -29.6% |
| $10,000 over 5 years | $14,457 | $15,078Best |
| Top 10 Weight | 15.9% | 10.9%Best |
| Fund Family | Northern Trust Asset Management | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 20, 2021 | Nov 6, 2015 |
Volatility and max drawdown are measured over the window both funds cover: Sep 21, 2021 to Oct 14, 2026 (5.1 years).
FEDM vs GSIE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.1 years both funds cover.
FEDM vs GSIE Performance
Northern Trust ESG & Climate Developed Markets ex-US Core ETF (FEDM) is an ETF from Northern Trust Asset Management and Goldman Sachs ActiveBeta International Equity ETF (GSIE) is an ETF from Goldman Sachs Asset Management. Over the past year FEDM returned +14.21% while GSIE returned +14.51%. Year to date, FEDM is up 8.67% versus a gain of 7.77% for GSIE.
Over three years, FEDM compounded at +17.03% per year against +18.48% for GSIE; over five years the annualized figures are +7.65% and +8.56% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FEDM has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 15.1% for GSIE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -29.4% for FEDM and -29.6% for GSIE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FEDM charges 0.12% per year while GSIE charges 0.25%. On a $10,000 position that is $12 vs $25 annually, a gap of $13 per year that compounds over a long holding period. On income, FEDM currently yields 2.89% against 2.63% for GSIE.
Holdings Overlap
68.2% of FEDM's money is in holdings GSIE also owns. 32.5% of GSIE's money is in holdings FEDM also owns.
The two portfolios partly overlap.
138 positions in common, counted across the 214 positions we hold weights for in FEDM and 626 in GSIE, against full books of 265 and 633.
What only one of them owns
Our book lists 3 positions for GSIE that do not appear in our book for FEDM (1.1% of the fund), and 0 for FEDM that do not appear in GSIE (0.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FEDM | Weight in GSIE | Difference |
|---|---|---|---|
| ASML:ASASML HOLDING NV | 2.82% | 2.44% | 0.38% |
| RY:CARoyal Bank of Canada | 1.85% | 1.10% | 0.75% |
| NOVN:SMNovartis Ag – Class N | 1.41% | 0.95% | 0.46% |
| SHEL:LNShell plc | 1.59% | 0.72% | 0.87% |
| 6857:JPAdvantest Corp | 1.23% | 1.08% | 0.15% |
| SIE:SGSiemens N Ag | 1.47% | 0.55% | 0.92% |
| BBVA:MABanco Bilbao Vizcaya Argentaria S.A. Reg Shs | 1.40% | 0.62% | 0.78% |
| AZN:LNAstraZeneca PLC | 1.24% | 0.74% | 0.50% |
| SCHN:PASchneider Electric Se | 1.34% | 0.39% | 0.95% |
| HSBA:LNHsbc Holdings Plc | 0.62% | 1.11% | 0.49% |
68.2% of FEDM is already inside GSIE.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FEDM or GSIE?
FEDM has an expense ratio of 0.12% while GSIE charges 0.25%. FEDM is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, FEDM or GSIE?
Over the past year FEDM returned +14.21% vs +14.51% for GSIE, so GSIE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FEDM or GSIE?
FEDM has been the more volatile fund at 15.6% annualized versus 15.1% for GSIE. Worst drawdown: FEDM -29.4% vs GSIE -29.6%.
Should I hold both FEDM and GSIE?
FEDM and GSIE have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FEDM and GSIE?
68.2% of FEDM's money is in holdings GSIE also owns. 32.5% of GSIE's is in holdings FEDM also owns. They hold 138 positions in common, counted across the 214 positions we hold weights for in FEDM and 626 in GSIE.
Which pays a higher dividend, FEDM or GSIE?
FEDM yields 2.89% while GSIE yields 2.63%, so FEDM currently pays the higher dividend yield.
Is GSIE better than FEDM?
FEDM has a lower expense ratio. GSIE led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. GSIE is less concentrated, with 10.9% of the fund in its ten largest positions against 15.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.