GSEE vs IAF

Comparison between GOLDMAN SACHS MARKETBETA EMERGING MARKETS EQUITY ETF (GSEE, ETF) and abrdn Australia Equity Fund Inc (IAF, ETF).

5-Year PerformanceGSEE has outperformed IAF, delivering a return of +5.9% compared to +1.1%

GSEE vs IAF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GSEE(ETF)	IAF(ETF)
Net Assets	$135M	$135M
Expense Ratio	0.36%	N/A
Max Drawdown	42.64%	83.73%
Sharpe Ratio	1.62	-0.00
5Y Beta	0.80	0.75
5Y Dividends CAGR	20.00%	1.98%

Net Assets

GSEE

$135M

Winner

IAF

$135M

Expense Ratio

GSEE

0.36%

IAF

N/A

Max Drawdown

Winner

GSEE

42.64%

IAF

83.73%

Sharpe Ratio

Winner

GSEE

1.62

IAF

-0.00

5Y Beta

GSEE

0.80

Winner

IAF

0.75

5Y Dividends CAGR

Winner

GSEE

20.00%

IAF

1.98%

GSEE vs IAF - Historical Returns

Returns include dividend reinvestment.

Period	GSEE	IAF
1 month	-1.27%	-3.26%
3 months	+11.46%	-4.45%
6 months	+19.50%	+0.31%
1 year	+40.36%	+1.57%
5 years(CAGR)	+5.85%	+1.08%
10 years(CAGR)	N/A	+7.81%
Max(CAGR)	+12.70%	+7.90%

Winner

GSEE

-1.27%

IAF

-3.26%

Winner

GSEE

+11.46%

IAF

-4.45%

Winner

GSEE

+19.50%

IAF

+0.31%

Winner

GSEE

+40.36%

IAF

+1.57%

5Y(CAGR)

Winner

GSEE

+5.85%

IAF

+1.08%

10Y(CAGR)

GSEE

N/A

IAF

+7.81%

Max(CAGR)

Winner

GSEE

+12.70%

IAF

+7.90%

GSEE vs IAF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	GSEE	IAF
2026	+14.93%	-1.62%
2025	+32.50%	+14.07%
2024	+6.30%	+8.06%
2023	+9.86%	+11.95%
2022	-19.98%	-19.23%
2021	-3.10%	+26.30%
2020	+43.56%	+11.14%
2019	N/A	+27.76%
2018	N/A	-16.70%
2017	N/A	+28.33%
2016	N/A	+14.33%
2015	N/A	-9.42%
2014	N/A	-9.81%
2013	N/A	-12.07%
2012	N/A	+23.34%
2011	N/A	-15.81%
2010	N/A	+4.62%
2009	N/A	+72.62%
2008	N/A	-53.84%
2007	N/A	+40.72%
2006	N/A	+21.65%
2005	N/A	+27.45%
2004	N/A	+41.09%
2003	N/A	+57.37%
2002	N/A	+10.82%
2001	N/A	+1.54%
2000	N/A	-15.88%
1999	N/A	-3.17%

GSEE vs IAF Drawdown Comparison

The maximum drawdown for GSEE was -37.50%, occurring on Oct 24, 2022. Recovery took 1146 trading sessions.

The maximum drawdown for IAF was -67.63%, occurring on Nov 20, 2008. Recovery took 717 trading sessions.

The current GSEE drawdown is -8.66%. The current IAF drawdown is -12.02%.

Rank	GSEE	IAF
#1	-37.50% Feb 16, 2021 - Sep 9, 2025	-67.63% Jan 2, 2008 - Nov 4, 2010
#2	-13.05% Feb 25, 2026 - Apr 17, 2026	-45.13% Mar 15, 2013 - Jan 15, 2020
#3	-8.66% Jun 2, 2026 - Jun 5, 2026	-43.97% Jan 23, 2020 - Nov 16, 2020
#4	-6.00% Oct 29, 2025 - Jan 2, 2026	-33.95% Mar 30, 2022 - Jun 5, 2025
#5	-5.29% Jan 21, 2021 - Feb 9, 2021	-31.78% Jul 23, 2007 - Oct 12, 2007
#6	-5.24% May 11, 2026 - May 26, 2026	-28.94% Nov 22, 1999 - May 30, 2002
#7	-5.09% Aug 28, 2020 - Oct 8, 2020	-28.46% Nov 8, 2010 - Jan 14, 2013
#8	-4.47% Jun 10, 2020 - Jul 2, 2020	-21.64% Mar 21, 2005 - Aug 31, 2005
#9	-4.37% Oct 8, 2025 - Oct 20, 2025	-20.52% Feb 19, 2004 - Sep 27, 2004
#10	-3.53% Jan 28, 2026 - Feb 10, 2026	-17.53% Jun 3, 2002 - Apr 23, 2003
#11	-3.22% Oct 23, 2020 - Nov 4, 2020	-17.36% May 11, 2006 - Oct 25, 2006
#12	-2.87% May 20, 2020 - Jun 1, 2020	-16.20% Feb 11, 2026 - Mar 24, 2026
#13	-2.33% Jul 9, 2020 - Jul 21, 2020	-14.82% Jun 11, 2021 - Mar 24, 2022
#14	-2.24% Nov 27, 2020 - Dec 3, 2020	-14.21% Sep 20, 2005 - Dec 27, 2005
#15	-2.22% Apr 17, 2026 - Apr 30, 2026	-11.12% Oct 31, 2007 - Dec 24, 2007

Correlation

Correlation between GSEE and IAF is 0.78 which considered as a strong positive correlation - the stocks tend to move together.

0.78

-101

Dividend Comparison (2000 - 2026)

GSEE vs IAF dividend yield comparison.

Year	GSEE	IAF
2026	0.00%	5.96%
2025	2.53%	11.30%
2024	2.79%	11.69%
2023	3.07%	11.32%
2022	3.05%	12.53%
2021	6.10%	10.25%
2020	2.41%	9.68%
2019	0.00%	10.54%
2018	0.00%	13.26%
2017	0.00%	10.05%
2016	0.00%	11.99%
2015	0.00%	14.31%
2014	0.00%	12.97%
2013	0.00%	11.97%
2012	0.00%	9.96%
2011	0.00%	12.71%
2010	0.00%	8.93%
2009	0.00%	7.64%
2008	0.00%	21.41%
2007	0.00%	9.32%
2006	0.00%	10.10%
2005	0.00%	9.62%
2004	0.00%	8.07%
2003	0.00%	1.81%
2002	0.00%	2.88%
2001	0.00%	11.52%
2000	0.00%	13.59%