VEU vs. GSIE ETF Comparison

Comparison of Vanguard FTSE All World Ex US ETF (VEU) to Goldman Sachs ActiveBeta International Equity ETF (GSIE)

VEU

Vanguard FTSE All World Ex US ETF

VEU Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks of companies located in developed and emerging markets outside of the United States. The fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US Index, a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of international markets. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$59.19

Average Daily Volume

2,076,190

Number of Holdings ^*

106

* may have additional holdings in another (foreign) market

GSIE

Goldman Sachs ActiveBeta International Equity ETF

GSIE Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® International Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to deliver exposure to equity securities of developed market issuers outside of the United States.

Grade (RS Rating)

Last Trade

$34.11

Average Daily Volume

288,401

Number of Holdings ^*

37

* may have additional holdings in another (foreign) market

Performance

Period	VEU	GSIE
30 Days	-2.58%	-1.47%
60 Days	-4.08%	-4.86%
90 Days	-3.78%	-4.30%
12 Months	12.95%	12.97%

24 Overlapping Holdings

	Symbol	Grade	Weight in VEU	Weight in GSIE	Overlap
	ABBV	D	0.31%	0.29%	0.29%
	AGCO	D	0.02%	0.03%	0.02%
	BCS	C	0.16%	0.26%	0.16%
	CNI	D	0.21%	0.09%	0.09%
	DEO	F	0.24%	0.07%	0.07%
	E	F	0.12%	0.24%	0.12%
	HMC	F	0.17%	0.09%	0.09%
	HSBH	B	0.59%	0.7%	0.59%
	LOGI	D	0.04%	0.2%	0.04%
	LYG	F	0.15%	0.17%	0.15%
	MBAVU	D	0.02%	0.04%	0.02%
	MFG	B	0.18%	0.31%	0.18%
	MUFG	B	0.41%	0.41%	0.41%
	NMR	B	0.05%	0.12%	0.05%
	NVS	D	0.77%	1.0%	0.77%
	QGEN	D	0.03%	0.1%	0.03%
	SHOP	B	0.33%	0.23%	0.23%
	SMFG	B	0.27%	0.34%	0.27%
	SONY	B	0.37%	0.17%	0.17%
	STLA	F	0.1%	0.11%	0.1%
	TD	F	0.34%	0.39%	0.34%
	TM	D	0.71%	0.42%	0.42%
	UL	D	0.52%	0.32%	0.32%
	XRX	F	0.05%	0.21%	0.05%

VEU Overweight 82 Positions Relative to GSIE

	Symbol	Grade	Weight
	BABA	D	0.72%
	HDB	C	0.4%
	PDD	F	0.3%
	IBN	C	0.21%
	WCN	A	0.16%
	FLUT	A	0.14%
	VALE	F	0.12%
	INFY	B	0.12%
	TCOM	B	0.12%
	GOLD	D	0.11%
	BIDU	F	0.09%
	SW	A	0.09%
	ITUB	F	0.06%
	YUMC	C	0.06%
	BEKE	D	0.05%
	LI	F	0.05%
	KB	B	0.04%
	SHG	D	0.04%
	KB	B	0.04%
	BGNE	D	0.04%
	XPEV	C	0.03%
	CHT	D	0.03%
	BBD	D	0.03%
	UMC	F	0.03%
	VALE	F	0.03%
	TME	D	0.03%
	UMC	F	0.03%
	PKX	F	0.03%
	AEI	D	0.02%
	BZ	F	0.02%
	TAL	F	0.02%
	VIPS	F	0.02%
	BCH	F	0.02%
	WIT	A	0.02%
	ABEV	F	0.02%
	ERJ	B	0.02%
	BILI	D	0.02%
	NIO	F	0.02%
	ASAI	F	0.02%
	YMM	C	0.02%
	SHG	D	0.02%
	PBR	C	0.02%
	CHT	D	0.02%
	ATHM	D	0.01%
	GGB	C	0.01%
	GDS	C	0.01%
	SQM	F	0.01%
	BSAC	F	0.01%
	LPL	F	0.01%
	GGB	C	0.01%
	RDY	F	0.01%
	CSAN	F	0.01%
	KEP	B	0.01%
	BRFS	D	0.01%
	SBSW	D	0.01%
	TSM	B	0.01%
	CIB	B	0.01%
	ABEV	F	0.01%
	CX	D	0.01%
	QFIN	B	0.01%
	WIT	A	0.01%
	ATHM	D	0.0%
	JEWL	F	0.0%
	BAK	F	0.0%
	ASAI	F	0.0%
	ENIC	D	0.0%
	ELP	F	0.0%
	SID	F	0.0%
	TS	B	0.0%
	WB	D	0.0%
	TAK	F	0.0%
	EC	D	0.0%
	MNTX	C	0.0%
	VIV	F	0.0%
	CIG	C	0.0%
	YY	C	0.0%
	DQ	F	0.0%
	PIXY	F	0.0%
	AKO.A	F	0.0%
	IQ	F	0.0%
	RLX	C	0.0%
	KEP	B	0.0%

VEU Underweight 13 Positions Relative to GSIE

	Symbol	Grade	Weight
	WIX	B	-0.3%
	TEVA	D	-0.24%
	MNDY	C	-0.17%
	CHKP	D	-0.11%
	CCEP	C	-0.09%
	SE	B	-0.09%
	AER	B	-0.08%
	RBA	A	-0.05%
	CYBR	B	-0.05%
	DOOO	F	-0.04%
	WFG	D	-0.03%
	FUTU	D	-0.03%
	OTEX	D	-0.02%

VEU: Top Represented Industries & Keywords

Industries: Internet Content & Information Auto Manufacturers Banks - Regional - Asia Banks - Regional - Latin America Banks - Global Information Technology Services Oil & Gas Integrated Specialty Retail Steel Chemicals Consumer Electronics Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Gold Semiconductors Software - Application Telecom Services Utilities - Diversified Utilities - Regulated Electric Aerospace & Defense

Keywords: Bank Banking Investment Banking Financial Products Investment Banking Services Currency Investment Product Cash Management Commercial Banking Natural Gas Telecommunications Transport Cars Electricity Factoring Financial Advisory Services Insurance Products Investment Bank Project Finance Securitization

GSIE: Top Represented Industries & Keywords

Industries: Banks - Global Software - Application Auto Manufacturers Capital Markets Drug Manufacturers - Major Airports & Air Services Banks - Regional - Asia Banks - Regional - Europe Beverages - Soft Drinks Beverages - Wineries & Distilleries Business Services Computer Systems Consumer Electronics Diagnostics & Research Drug Manufacturers - Specialty & Generic Electronic Gaming & Multimedia Farm & Construction Equipment Household & Personal Products Information Technology Services Internet Content & Information

Keywords: Bank Banking Financial Products Investment Banking Asset Management Insurance Products Investment Banking Services Advisory Services Asset Management Services Cars Cash Management Cash Management Services Commercial Banking Computing Corporate Banking Fax Investment Bank Investment Product Pharmaceutical Structured Finance