GSJY vs NBJP
Goldman Sachs ActiveBeta Japan Equity ETF vs Neuberger Berman Japan Equity ETF
Which is better, GSJY or NBJP?
Each has led over a different period.
GSJY has a lower expense ratio. GSJY led over 1Y, NBJP over the full window. The two have moved almost in lockstep, correlation 0.91. GSJY is less concentrated, with 28.8% of the fund in its ten largest positions against 36.8%.
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 | GSJY | NBJP |
|---|---|---|
| Expense Ratio | 0.25%Best | 0.50% |
| AUM | $100M | $126M |
| Dividend Yield | 1.96% | 1.97% |
| Holdings | 157 | 65 |
| YTD Return | +18.52%Best | +15.19% |
| 1Y Return | +25.76%Best | +24.68% |
| 3Y Return (annualized) | +20.35% | - |
| 5Y Return (annualized) | +9.84% | - |
| Volatility (annualized) | 12.2%Best | 16.0% |
| Max Drawdown | -15.3% | -14.3%Best |
| $10,000 over 2.1 years | $14,614 | $14,626Best |
| Top 10 Weight | 28.8%Best | 36.8% |
| Fund Family | Goldman Sachs Asset Management | Neuberger Berman |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 2, 2016 | Sep 11, 2024 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 12, 2024 to Oct 14, 2026 (2.1 years).
GSJY vs NBJP 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 2.1 years both funds cover.
GSJY vs NBJP Performance
Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) is an ETF from Goldman Sachs Asset Management and Neuberger Berman Japan Equity ETF (NBJP) is an ETF from Neuberger Berman. Over the past year GSJY returned +25.76% while NBJP returned +24.68%. Year to date, GSJY is up 18.52% versus a gain of 15.19% for NBJP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NBJP has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 12.2% for GSJY. 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 -15.3% for GSJY and -14.3% for NBJP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GSJY charges 0.25% per year while NBJP charges 0.50%. On a $10,000 position that is $25 vs $50 annually, a gap of $25 per year that compounds over a long holding period. On income, GSJY currently yields 1.96% against 1.97% for NBJP.
Holdings Overlap
22.1% of GSJY's money is in holdings NBJP also owns. 46.0% of NBJP's money is in holdings GSJY also owns.
The two portfolios partly overlap.
25 positions in common, counted across the 160 positions we hold weights for in GSJY and 55 in NBJP, against full books of 157 and 65.
Top Shared Holdings
| Stock | Weight in GSJY | Weight in NBJP | Difference |
|---|---|---|---|
| 8411:JPMizuho Financial Group Inc. Com Stk | 2.26% | 4.76% | 2.50% |
| 8766:JPTokio Marine Holdings, Inc. Shs | 1.45% | 4.53% | 3.08% |
| 6501:JPHitachi Ltd | 2.76% | 2.31% | 0.45% |
| 6098:JPRecruit Holdings Co. Ltd. Com Stk | 2.50% | 2.09% | 0.41% |
| 8015:JPToyota Tsusho Corp. Com Stk | 1.01% | 3.39% | 2.38% |
| 8001:JPItochu Corp | 1.23% | 2.12% | 0.89% |
| 6758:JPSony Group Corp. | 2.29% | 0.98% | 1.31% |
| 7011:JPMitsubishi Heavy Industries Ltd. Com Stk | 1.26% | 1.89% | 0.63% |
| 8830:JPSumitomo Realty & Development Co. Ltd. Com Stk | 0.02% | 2.96% | 2.94% |
| 6701:JPNec Corp | 0.79% | 1.80% | 1.01% |
46.0% of NBJP is already inside GSJY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, GSJY or NBJP?
GSJY has an expense ratio of 0.25% while NBJP charges 0.50%. GSJY is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, GSJY or NBJP?
Over the past year GSJY returned +25.76% vs +24.68% for NBJP, so GSJY leads on 1-year performance. Over the longest common window we track (2 years), GSJY annualized +19.80% vs +19.85% for NBJP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSJY or NBJP?
NBJP has been the more volatile fund at 16.0% annualized versus 12.2% for GSJY. Worst drawdown: GSJY -15.3% vs NBJP -14.3%.
Should I hold both GSJY and NBJP?
GSJY and NBJP have a monthly-return correlation of 0.91, 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 GSJY and NBJP?
46.0% of NBJP's money is in holdings GSJY also owns. 46.0% of NBJP's is in holdings GSJY also owns. They hold 25 positions in common, counted across the 160 positions we hold weights for in GSJY and 55 in NBJP.
Which pays a higher dividend, GSJY or NBJP?
GSJY yields 1.96% while NBJP yields 1.97%, so NBJP currently pays the higher dividend yield.
Is NBJP better than GSJY?
GSJY has a lower expense ratio. GSJY led over 1Y, NBJP over the full window. The two have moved almost in lockstep, correlation 0.91. GSJY is less concentrated, with 28.8% of the fund in its ten largest positions against 36.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.