Goldman Sachs MarketBeta Emerging Markets… (GSEE) Performance
GSEE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.4% since Dec 31, 2025
- 1 year
- +14.8% total return
- 5 years
- +6.4% a year
- Since first price
- +11.2% a year since 2020
GSEE trailing returns vs SPY, QQQ, AGG
| Period | GSEE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −8.4% | −8.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.1% | −4.1% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.5% | −0.5% | +7.8% | +8.4% | −1.5% |
| YTD | +13.4% | +13.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +14.8% | +11.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +77.3%+21.0%/yr | +67.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +36.1%+6.4%/yr | +18.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMay 15, 2020 | +98.1%+11.2%/yr | +62.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GSEE vs SPY
From May 15, 2020: GSEE grew to $19,814, SPY to $29,025.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GSEE returns by calendar year
3 of 5 full years positive. Best 2025 (+33.4%), worst 2022 (−19.6%). 2026 is year to date.
GSEE annual returns table
| Year | GSEE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.4% | −14.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +33.4% | −14.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +4.9% | −10.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.0% | −12.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −19.6% | −30.3% | −18.2% | −32.6% | −13.0% |
| 2021 | −2.6% | −16.1% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GSEE largest drawdowns
Now 13.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 16, 2021 | −37.5% | Oct 24, 2022 | Sep 9, 2025 | 1.7 years | 4.6 years |
| Jun 22, 2026 | −14.1% | Jul 29, 2026 | not yet | 37 days | 4 months so far |
| Feb 25, 2026 | −13.1% | Mar 30, 2026 | Apr 17, 2026 | 33 days | 51 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GSEE risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +22.7% | +8.6% | +12.0% |
| Volatility (annualized) | 15.1% | 16.9% | 16.4% |
| Sharpe ratio | 1.15 | 0.36 | 0.60 |
| Sortino ratio | 2.12 | 0.58 | 1.02 |
| Best month | +12.8% | +14.7% | +14.7% |
| Worst month | −9.0% | −10.8% | −10.8% |
| Best 12 months | +53.3% | +53.3% | +53.3% |
| Worst 12 months | +4.9% | −28.6% | −28.6% |
| Positive months | 69% | 57% | 61% |
| Beta vs S&P 500 | 0.81 | 0.70 | — |
| Correlation with S&P 500 | 0.67 | 0.65 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GSEE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 66 | −28.6% | +10.3% | +53.3% | 71% |
| 3-year (a year) | 42 | −7.0% | +2.0% | +24.3% | 60% |
| 5-year (a year) | 18 | +4.0% | +6.5% | +8.6% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
GSEE performance overview
Goldman Sachs MarketBeta Emerging Markets… (GSEE) returned +14.8% over the past year and +6.4% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +11.2% a year, turning $10,000 into about $19,814. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −37.5%, from Feb 16, 2021 to Oct 24, 2022, and it took 2.9 years to get back to the old high. GSEE finished 3 of its 5 full calendar years with a gain; the best year was 2025 (+33.4%) and the worst 2022 (−19.6%). Volatility has been 16.4% a year.
Related: GSEE chart, GSEE holdings, GSEE dividends. See the GSEE overview for the latest quote and fund facts.
GSEE performance FAQ
What is the GSEE return over the past year?
GSEE returned +14.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.9%.
What is the average annual return of GSEE?
GSEE has returned +6.4% a year over 5 years, +11.2% a year since May 15, 2020 (total return, distributions reinvested).
How much would $10,000 invested in GSEE be worth?
$10,000 invested in GSEE at its first recorded close on May 15, 2020 would be worth about $19,814 on October 23, 2026 with distributions reinvested.
What was the worst year for GSEE?
The worst calendar year was 2022, with a total return of −19.6%. The best was 2025 at +33.4%.
What is the biggest drawdown of GSEE?
The largest peak-to-trough decline was −37.5% between February 16, 2021 and October 24, 2022. It recovered to the old high on September 9, 2025, 2.9 years after the bottom.
How volatile is GSEE?
Over the past 3 years GSEE had an annualized volatility of 15.1% and a Sharpe ratio of 1.15 (excess return over 1–3 month T-bills per unit of risk).