GSEE vs IHD

Comparison between GOLDMAN SACHS MARKETBETA EMERGING MARKETS EQUITY ETF (GSEE, ETF) and Voya Emerging Markets High Dividend Equity Fund (IHD, ETF).

5-Year PerformanceIHD has outperformed GSEE, delivering a return of +10.1% compared to +7.0%

GSEE vs IHD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GSEE(ETF)	IHD(ETF)
Net Assets	$142M	$142M
Expense Ratio	0.36%	N/A
Max Drawdown	42.64%	77.82%
Sharpe Ratio	1.21	1.56
5Y Beta	0.85	0.66
5Y Dividends CAGR	20.00%	-4.50%

Net Assets

Winner

GSEE

$142M

IHD

$142M

Expense Ratio

GSEE

0.36%

IHD

N/A

Max Drawdown

Winner

GSEE

42.64%

IHD

77.82%

Sharpe Ratio

GSEE

1.21

Winner

IHD

1.56

5Y Beta

GSEE

0.85

Winner

IHD

0.66

5Y Dividends CAGR

Winner

GSEE

20.00%

IHD

-4.50%

GSEE vs IHD - Historical Returns

Returns include dividend reinvestment.

Period	GSEE	IHD
1 month	-8.54%	-6.89%
3 months	+4.51%	+4.78%
6 months	+11.84%	+13.20%
1 year	+32.94%	+36.76%
5 years(CAGR)	+7.01%	+10.14%
10 years(CAGR)	N/A	+10.70%
Max(CAGR)	+12.60%	+4.05%

GSEE

-8.54%

Winner

IHD

-6.89%

GSEE

+4.51%

Winner

IHD

+4.78%

GSEE

+11.84%

Winner

IHD

+13.20%

GSEE

+32.94%

Winner

IHD

+36.76%

5Y(CAGR)

GSEE

+7.01%

Winner

IHD

+10.14%

10Y(CAGR)

GSEE

N/A

IHD

+10.70%

Max(CAGR)

Winner

GSEE

+12.60%

IHD

+4.05%

GSEE vs IHD - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	GSEE	IHD
2026	+16.04%	+20.29%
2025	+32.50%	+38.14%
2024	+6.30%	+8.90%
2023	+9.86%	+12.99%
2022	-19.98%	-17.91%
2021	-3.10%	+7.09%
2020	+43.56%	+0.64%
2019	N/A	+20.16%
2018	N/A	-11.36%
2017	N/A	+28.27%
2016	N/A	+17.18%
2015	N/A	-19.00%
2014	N/A	-2.10%
2013	N/A	-14.40%
2012	N/A	+22.18%
2011	N/A	-28.91%

GSEE vs IHD Drawdown Comparison

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

The maximum drawdown for IHD was -48.76%, occurring on Jan 20, 2016. Recovery took 2432 trading sessions.

The current GSEE drawdown is -8.54%. The current IHD drawdown is -7.82%.

Rank	GSEE	IHD
#1	-37.50% Feb 16, 2021 - Sep 9, 2025	-48.76% May 10, 2011 - Jan 7, 2021
#2	-13.05% Feb 25, 2026 - Apr 17, 2026	-36.21% Jun 10, 2021 - May 13, 2025
#3	-10.97% Jun 22, 2026 - Jul 17, 2026	-11.14% Feb 20, 2026 - Apr 14, 2026
#4	-8.66% Jun 2, 2026 - Jun 18, 2026	-8.10% Jun 3, 2026 - Jun 10, 2026
#5	-6.00% Oct 29, 2025 - Jan 2, 2026	-7.77% Jan 20, 2021 - Feb 11, 2021
#6	-5.29% Jan 21, 2021 - Feb 9, 2021	-6.77% Feb 19, 2021 - May 7, 2021
#7	-5.24% May 11, 2026 - May 26, 2026	-6.16% Oct 27, 2025 - Dec 26, 2025
#8	-5.09% Aug 28, 2020 - Oct 8, 2020	-5.15% Oct 7, 2025 - Oct 27, 2025
#9	-4.47% Jun 10, 2020 - Jul 2, 2020	-4.17% May 11, 2026 - May 26, 2026
#10	-4.37% Oct 8, 2025 - Oct 20, 2025	-3.08% May 7, 2021 - May 20, 2021
#11	-3.53% Jan 28, 2026 - Feb 10, 2026	-2.50% Jan 28, 2026 - Feb 9, 2026
#12	-3.22% Oct 23, 2020 - Nov 4, 2020	-1.93% Jul 23, 2025 - Aug 7, 2025
#13	-2.87% May 20, 2020 - Jun 1, 2020	-1.79% Apr 22, 2026 - May 4, 2026
#14	-2.33% Jul 9, 2020 - Jul 21, 2020	-1.72% Jun 11, 2025 - Jun 24, 2025
#15	-2.24% Nov 27, 2020 - Dec 3, 2020	-1.69% Jul 3, 2025 - Jul 23, 2025

Correlation

Correlation between GSEE and IHD is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (2011 - 2026)

GSEE vs IHD dividend yield comparison.

Year	GSEE	IHD
2026	0.00%	4.50%
2025	2.53%	10.53%
2024	2.79%	12.57%
2023	3.07%	10.21%
2022	3.05%	13.95%
2021	6.10%	10.14%
2020	2.41%	9.92%
2019	0.00%	9.14%
2018	0.00%	10.15%
2017	0.00%	8.31%
2016	0.00%	11.74%
2015	0.00%	14.00%
2014	0.00%	11.12%
2013	0.00%	11.03%
2012	0.00%	10.39%
2011	0.00%	9.18%