At a glance
GSID charges 0.2% a year, above the 0.12% average of the 8 funds most like it (the 7th cheapest of 9). It has $1.08B in assets, the 9th largest of that group; it paid 2.53% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +12.2% with distributions reinvested (S&P 500: +11.5%), the weakest of those 9 funds; over three years it returned +20.1% a year. At its worst it fell 29.0% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 17 months after the low. Its ten largest positions make up 13.3% of the fund, out of 892 in all.
The short version
Goldman Sachs MarketBeta International Equity ETF (GSID) is an index fund that tracks the Solactive GBS Developed Markets ex North America Large & Mid Cap Index. It holds about 890 large and midsize companies in Japan, Europe, Australia and other developed markets outside the US and Canada. Its 0.20% expense ratio is lower than EFA's 0.32%, but higher than big rivals such as IEFA at 0.07% and VEA at 0.03%.
Price history
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GSID +12.2% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| GSID official prospectus, to Dec 31, 2024 | — | +3.92% | — | — | — | +9.62% |
| GSID price data to Oct 27, 2026 | +9.9% | +12.2% | +20.1% | +8.5% | — | +8.6% |
- Over the year to Oct 27, 2026, GSID returned +12.2%, 9th of 9 among similar funds.
- Its 5-year annualized return was +8.5%.
- Its worst full calendar year was 2022 (-14.8%); its best was 2025 (+31.8%).
- The deepest fall in its price history was 29.9% (Sep 7, 2021 to Sep 27, 2022), recovered by Feb 22, 2024.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +9.9% | — |
| 2025 | +31.8% | — |
| 2024 | +3.6% | +3.92% |
| 2023 | +17.6% | +17.81% |
| 2022 | -14.8% | -14.53% |
| 2021 | — | +11.09% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 28.2% over that stretch · deepest drop along the way 29%, back to its old high 16.7 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.5300 | |
| 2025 | $1.8400 | +17.2% |
| 2024 | $1.5700 | +12.9% |
| 2023 | $1.3900 | +15.8% |
| 2022 | $1.2000 |
What's inside
As of Aug 31, 2026, the fund held 892 securities; the ten largest made up 13.26% of assets.
| Holding | Weight | |
|---|---|---|
| ASML HOLDING NV | 2.76% | |
| HSBC HOLDINGS PLC | 1.55% | |
| ROCHE HOLDING AG Preferred stock | 1.34% | |
| NOVARTIS AG | 1.20% | |
| MITSUBISHI UFJ FINANCIAL GROUP INC | 1.13% | |
| SHELL PLC | 1.10% | |
| NESTLE' SA/AG | 1.08% | |
| ASTRAZENECA PLC | 1.04% | |
| SIEMENS AG | 1.04% | |
| BHP GROUP LTD | 1.03% | |
| SAP SE | 0.97% | |
| BANCO SANTANDER SA | 0.93% | |
| ALLIANZ SE | 0.87% | |
| COMMONWEALTH BANK OF AUSTRALIA | 0.82% | |
| SCHNEIDER ELECTRIC SE | 0.81% |
By country
Japan 25.97%United Kingdom 13.24%Switzerland 8.29%Germany 8.24%France 7.69%By asset type
Stocks 97.74%Preferred stock 1.63%What changed recently
- Over the three months to Aug 31, 2026, investors withdrew a net $1.9M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -0.13%, +2.17%, +1.99%.
How it works
GSID is passively managed. Before fees, it tries to match the Solactive GBS Developed Markets ex North America Large & Mid Cap Index, which is owned and calculated by Solactive AG. The index covers roughly the largest 85% of the free-float market value in developed markets outside North America. Free float counts only the shares available to trade, so stakes held by governments or insiders are left out. As of December 1, 2025, the index held 902 stocks from countries including Japan, the UK, Switzerland, Germany, France, Australia, Israel and Poland.
Stocks are weighted by free-float market value, so bigger companies count for more. As of August 31, 2026, the fund held 892 stocks, and the top 10 made up about 13% of assets. ASML was the largest holding at 2.8%, followed by HSBC, Roche, Novartis and Mitsubishi UFJ Financial Group. Japan was the largest country at 26%, followed by the UK at 13%.
The index is reconstituted, meaning its member list is reviewed and reset, each quarter in February, May, August and November. The fund usually buys index stocks at close to their index weights. When buying every stock isn't practical, it may hold a sample or use substitutes. Portfolio turnover was 3%, according to the prospectus filed December 29, 2025. The fund also held about 1.3% in cash and a very small position in MSCI EAFE index futures. As an index fund, it doesn't sell a stock just because the company is struggling.
What it really costs
- GSID charges 0.2% a year, versus an average of 0.12% for the similar funds below (7th of 9, cheapest first).
- Of that, 0.25% is the management fee; the rest covers other fund expenses.
- The fee includes a 0.05% waiver from the adviser, which may end.
- Using the prospectus's standard example, $10,000 invested would cost about $20 in the first year and $313 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| GSID | $20 | $75 | $136 | $313 |
In a retirement portfolio
It is a broad, low-turnover index fund covering about 890 large and midsize companies in developed markets outside North America, so it could serve as the international stock portion of a portfolio.
GSID adds companies that a US-only portfolio leaves out, such as ASML, Nestlé and Mitsubishi UFJ Financial Group. It pays dividends quarterly, with a trailing 12-month yield of 2.53% as of October 27, 2026. Its price history starts in 2021, so it has no record from the 2008 crisis or the 2020 COVID crash. Its worst calendar year was 2022, with a loss of 14.53%. Its deepest drop was 29.9%, from September 2021 to September 2022. It took about 17 months after the low, until February 2024, to recover. Anyone selling shares for income during that stretch would have sold at low prices. In the SEC's standard example, $10,000 would cost $313 in fees over 10 years. Its 0.20% expense ratio is higher than several larger rivals. Past results don't predict future returns, and a retirement plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want one index fund holding about 890 large and midsize companies across Japan, Europe and Australia, without US or Canadian stocks.
- Long-term holders who prefer a low-turnover index approach (3% turnover) to picking individual countries or stocks.
- Investors who want quarterly dividends: the trailing yield was 2.53% as of October 27, 2026.
Look elsewhere if
- Cost-focused investors: VEA and SPDW charge 0.03%, compared with GSID's 0.20%, which also relies on a 0.05% fee waiver.
- Those who want emerging markets or Canada, which this index excludes, or less weight in Japan, which was 26% of assets.
- Investors who prefer a large fund: at about $1.1 billion as of August 31, 2026, GSID was the smallest of nine similar funds compared.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| GSID this fund | — | 0.2% | $1.08B | +12.2% | +20.1% |
| EFA iShares MSCI EAFE ETF | 89% | 0.32% | $77.98B | +13.5% | +18.2% |
| IEFA iShares Core MSCI EAFE ETF | 81% | 0.07% | $190.11B | +13.7% | +18.5% |
| IDEV iShares Core MSCI International Developed M… | 70% | 0.04% | $31.64B | +14.6% | +19.2% |
| SCHF Schwab International Equity ETF | 68% | 0.06% | $69.68B | +17.7% | +20.4% |
| SPDW SPDR Portfolio Developed World ex-US ETF | 63% | 0.03% | $40.29B | +17.3% | +20.5% |
| VEA Vanguard FTSE Developed Markets ETF | 61% | 0.03% | $316.42B | +16.8% | +21.7% |
| EFV iShares MSCI EAFE Value ETF | 52% | 0.33% | $29.11B | +21.9% | +23.3% |
Questions investors ask
What does GSID invest in?
GSID invests in about 890 large and midsize company stocks in developed markets outside the US and Canada. It tracks the Solactive GBS Developed Markets ex North America Large & Mid Cap Index. As of August 31, 2026, Japan made up 26% of assets, the UK 13%, and Switzerland and Germany about 8% each. The largest holdings were ASML, HSBC, Roche, Novartis and Mitsubishi UFJ Financial Group. Together, the top 10 were about 13% of the fund.
What is the GSID expense ratio?
GSID's expense ratio is 0.20%, according to its prospectus filed December 29, 2025. That is a 0.25% management fee minus a 0.05% fee waiver. In the SEC's standard example, $10,000 earning 5% a year would cost about $20 in the first year and $313 over 10 years. The average for the similar funds compared is 0.12%. Several large rivals charge between 0.03% and 0.07%.
GSID vs EFA: what's the difference?
The main differences are cost, index and size. Both funds hold developed-market stocks outside North America, and their holdings overlapped by about 89%. GSID follows a Solactive index and charges 0.20%. EFA, from iShares, follows an MSCI EAFE index and charges 0.32%. EFA is much larger, with about $78 billion in net assets as of July 31, 2026, compared with about $1.1 billion for GSID. One-year returns were close: 12.9% for EFA as of October 30, 2026, and 12.2% for GSID as of October 27, 2026.
Does GSID pay dividends?
Yes, GSID pays dividends every quarter. In the 12 months to October 27, 2026, it paid about $1.89 per share, a trailing yield of 2.53%. The money comes from dividends paid by the companies it holds, such as HSBC, Shell, Nestlé and Novartis. Payments can change from quarter to quarter and are not guaranteed. Exchange-rate moves can also raise or lower the dollar value of dividends paid in foreign currencies.
How did GSID do in 2022?
GSID lost 14.53% in calendar 2022, its worst year on record, according to its prospectus. The share price fell 29% from its high on January 12, 2022, to its low on September 27, 2022. It didn't get back to that high until February 16, 2024. It then gained 17.81% in 2023 and posted a 31.77% price return in 2025. The fund launched in 2020, so it has no record from the 2008 financial crisis.