Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) Performance
GSEU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +5.9% since Dec 31, 2025
- 1 year
- +10.8% total return
- 5 years
- +8.0% a year
- 10 years
- +9.5% a year
- Since first price
- +9.1% a year since 2016
GSEU trailing returns vs SPY, QQQ, AGG
| Period | GSEU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.1% | −2.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.5% | −1.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.3% | +0.3% | +7.8% | +8.4% | −1.5% |
| YTD | +5.9% | +3.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.8% | +7.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +67.6%+18.8%/yr | +54.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +46.9%+8.0%/yr | +27.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +148.5%+9.5%/yr | +85.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionMar 4, 2016 | +152.1%+9.1%/yr | +84.3% | — | — | — |
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: GSEU vs SPY
From Mar 4, 2016: GSEU grew to $25,209, SPY to $45,087.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GSEU returns by calendar year
7 of 9 full years positive. Best 2025 (+35.7%), worst 2022 (−17.9%). 2026 is year to date.
GSEU annual returns table
| Year | GSEU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +5.9% | −11.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +35.7% | −14.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.0% | −10.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +20.7% | −11.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.9% | −33.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +17.3% | −7.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +6.6% | −35.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +24.6% | −7.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −14.3% | −22.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +27.0% | −3.1% | +21.7% | +32.7% | +3.6% |
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.
GSEU largest drawdowns
Now 6.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 17, 2020 | −35.7% | Mar 18, 2020 | Nov 19, 2020 | 2 months | 10 months |
| Sep 2, 2021 | −34.0% | Sep 27, 2022 | Mar 7, 2024 | 1.1 years | 2.5 years |
| Jan 26, 2018 | −22.3% | Dec 24, 2018 | Dec 27, 2019 | 11 months | 1.9 years |
| Mar 7, 2025 | −14.1% | Apr 8, 2025 | Apr 28, 2025 | 32 days | 52 days |
| Jun 8, 2016 | −12.5% | Jun 27, 2016 | Sep 2, 2016 | 19 days | 3 months |
| Feb 25, 2026 | −11.9% | Mar 20, 2026 | Jun 12, 2026 | 23 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GSEU risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2016 |
|---|---|---|---|---|
| Annualized return | +17.8% | +9.1% | +9.2% | +9.0% |
| Volatility (annualized) | 12.6% | 16.8% | 16.3% | 16.1% |
| Sharpe ratio | 1.02 | 0.39 | 0.48 | 0.48 |
| Sortino ratio | 1.68 | 0.59 | 0.72 | 0.72 |
| Best month | +9.1% | +13.2% | +14.6% | +14.6% |
| Worst month | −7.9% | −9.9% | −14.9% | −14.9% |
| Best 12 months | +35.7% | +35.7% | +46.3% | +46.3% |
| Worst 12 months | +2.0% | −28.2% | −28.2% | −28.2% |
| Positive months | 72% | 62% | 62% | 61% |
| Beta vs S&P 500 | 0.57 | 0.82 | 0.86 | — |
| Correlation with S&P 500 | 0.56 | 0.76 | 0.81 | — |
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.
GSEU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 116 | −28.2% | +12.4% | +46.3% | 77% |
| 3-year (a year) | 92 | −2.6% | +6.8% | +24.2% | 93% |
| 5-year (a year) | 68 | −1.6% | +8.5% | +13.1% | 97% |
| 10-year (a year) | 8 | +8.7% | +9.5% | +10.0% | 100% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
GSEU performance overview
Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) returned +10.8% over the past year and +9.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2016 it has returned +9.1% a year, turning $10,000 into about $25,209. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −35.7%, from Jan 17, 2020 to Mar 18, 2020, and it took 8 months to get back to the old high. GSEU finished 7 of its 9 full calendar years with a gain; the best year was 2025 (+35.7%) and the worst 2022 (−17.9%). Volatility has been 16.1% a year.
Related: GSEU chart, GSEU holdings, GSEU dividends. See the GSEU overview for the latest quote and fund facts.
GSEU performance FAQ
What is the GSEU return over the past year?
GSEU returned +10.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 7.7%.
What is the average annual return of GSEU?
GSEU has returned +8.0% a year over 5 years, +9.5% a year over 10 years, +9.1% a year since March 4, 2016 (total return, distributions reinvested).
How much would $10,000 invested in GSEU be worth?
$10,000 invested in GSEU at its first recorded close on March 4, 2016 would be worth about $25,209 on October 23, 2026 with distributions reinvested.
What was the worst year for GSEU?
The worst calendar year was 2022, with a total return of −17.9%. The best was 2025 at +35.7%.
What is the biggest drawdown of GSEU?
The largest peak-to-trough decline was −35.7% between January 17, 2020 and March 18, 2020. It recovered to the old high on November 19, 2020, 8 months after the bottom.
How volatile is GSEU?
Over the past 3 years GSEU had an annualized volatility of 12.6% and a Sharpe ratio of 1.02 (excess return over 1–3 month T-bills per unit of risk).