CWB vs GSIE

Comparison between SPDR(R) BLOOMBERG CONVERTIBLE SECURITIES ETF (CWB, ETF) and GOLDMAN SACHS ACTIVEBETA(R) INTERNATIONAL EQUITY ETF (GSIE, ETF).

5-Year PerformanceGSIE has outperformed CWB, delivering a return of +9.1% compared to +7.6%

CWB vs GSIE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CWB(ETF)	GSIE(ETF)
Net Assets	$5.70B	$5.60B
Expense Ratio	0.40%	0.25%
Max Drawdown	32.16%	37.19%
Sharpe Ratio	2.02	1.30
5Y Beta	0.60	0.74
5Y Dividends CAGR	-3.19%	15.13%

Net Assets

Winner

CWB

$5.70B

GSIE

$5.60B

Expense Ratio

CWB

0.40%

Winner

GSIE

0.25%

Max Drawdown

Winner

CWB

32.16%

GSIE

37.19%

Sharpe Ratio

Winner

CWB

2.02

GSIE

1.30

5Y Beta

Winner

CWB

0.60

GSIE

0.74

5Y Dividends CAGR

CWB

-3.19%

Winner

GSIE

15.13%

CWB vs GSIE - Historical Returns

Returns include dividend reinvestment.

Period	CWB	GSIE
1 month	+7.21%	+0.26%
3 months	+12.04%	-0.60%
6 months	+15.60%	+9.97%
1 year	+33.29%	+23.22%
5 years(CAGR)	+7.60%	+9.05%
10 years(CAGR)	+12.66%	+9.43%
Max(CAGR)	+11.81%	+8.71%

Winner

CWB

+7.21%

GSIE

+0.26%

Winner

CWB

+12.04%

GSIE

-0.60%

Winner

CWB

+15.60%

GSIE

+9.97%

Winner

CWB

+33.29%

GSIE

+23.22%

5Y(CAGR)

CWB

+7.60%

Winner

GSIE

+9.05%

10Y(CAGR)

Winner

CWB

+12.66%

GSIE

+9.43%

Max(CAGR)

Winner

CWB

+11.81%

GSIE

+8.71%

CWB vs GSIE - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	CWB	GSIE
2026	+16.30%	+5.83%
2025	+16.44%	+32.91%
2024	+10.97%	+6.22%
2023	+14.90%	+16.45%
2022	-20.52%	-16.18%
2021	+2.71%	+12.49%
2020	+52.07%	+6.65%
2019	+22.44%	+22.83%
2018	-3.35%	-13.81%
2017	+15.84%	+26.00%
2016	+11.56%	+3.80%
2015	-0.87%	-1.73%
2014	+8.01%	N/A
2013	+19.29%	N/A
2012	+14.23%	N/A
2011	-7.95%	N/A
2010	+12.77%	N/A
2009	+29.61%	N/A

CWB vs GSIE Drawdown Comparison

The maximum drawdown for CWB was -32.06%, occurring on Mar 23, 2020. Recovery took 76 trading sessions.

The maximum drawdown for GSIE was -34.63%, occurring on Mar 23, 2020. Recovery took 210 trading sessions.

The current CWB drawdown is -1.12%. The current GSIE drawdown is -2.07%.

Rank	CWB	GSIE
#1	-32.06% Feb 19, 2020 - Jun 8, 2020	-34.63% Jan 17, 2020 - Nov 16, 2020
#2	-29.86% Feb 12, 2021 - Jul 16, 2025	-30.00% Sep 3, 2021 - Mar 7, 2024
#3	-17.09% May 2, 2011 - Oct 18, 2012	-21.16% Jan 26, 2018 - Dec 27, 2019
#4	-15.95% Jun 1, 2015 - Jul 22, 2016	-13.07% Mar 19, 2025 - Apr 28, 2025
#5	-13.79% Jun 20, 2018 - Feb 25, 2019	-13.06% Dec 1, 2015 - Apr 19, 2016
#6	-10.76% Apr 26, 2010 - Oct 5, 2010	-10.76% Feb 26, 2026 - Mar 20, 2026
#7	-9.06% Sep 5, 2014 - Mar 20, 2015	-9.62% Jun 23, 2016 - Aug 11, 2016
#8	-7.61% Sep 1, 2020 - Oct 9, 2020	-9.00% Sep 26, 2024 - Mar 5, 2025
#9	-7.58% Jan 19, 2010 - Mar 8, 2010	-6.81% Jul 12, 2024 - Aug 19, 2024
#10	-7.52% Oct 29, 2025 - Jan 13, 2026	-6.80% Sep 22, 2016 - Jan 25, 2017
#11	-7.36% Jan 26, 2018 - Mar 12, 2018	-6.45% Jun 8, 2016 - Jun 23, 2016
#12	-6.76% Jan 28, 2026 - Apr 8, 2026	-5.21% Nov 12, 2025 - Dec 10, 2025
#13	-6.52% May 21, 2013 - Jul 22, 2013	-4.77% Mar 27, 2024 - May 9, 2024
#14	-6.24% May 3, 2019 - Jul 12, 2019	-4.69% Jun 15, 2021 - Aug 11, 2021
#15	-5.36% Mar 12, 2018 - May 30, 2018	-4.53% Apr 20, 2016 - Jun 7, 2016

Correlation

Correlation between CWB and GSIE is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2009 - 2026)

CWB vs GSIE dividend yield comparison.

Year	CWB	GSIE
2026	0.44%	0.31%
2025	1.69%	2.65%
2024	1.85%	3.11%
2023	1.97%	2.87%
2022	2.21%	3.01%
2021	1.97%	2.40%
2020	2.34%	1.60%
2019	3.03%	2.80%
2018	6.17%	2.68%
2017	4.25%	2.31%
2016	4.60%	2.15%
2015	7.52%	0.13%
2014	7.37%	0.00%
2013	3.66%	0.00%
2012	3.84%	0.00%
2011	4.97%	0.00%
2010	4.59%	0.00%
2009	3.88%	0.00%