GSIE vs CWB

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

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

GSIE vs CWB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

GSIE

$5.60B

Winner

CWB

$5.70B

Expense Ratio

Winner

GSIE

0.25%

CWB

0.40%

Max Drawdown

GSIE

37.19%

Winner

CWB

32.16%

Sharpe Ratio

GSIE

1.30

Winner

CWB

2.02

5Y Beta

GSIE

0.74

Winner

CWB

0.60

5Y Dividends CAGR

Winner

GSIE

15.13%

CWB

-3.19%

GSIE vs CWB - Historical Returns

Returns include dividend reinvestment.

Period	GSIE	CWB
1 month	-0.13%	+7.21%
3 months	-0.76%	+12.04%
6 months	+8.50%	+15.60%
1 year	+22.86%	+33.29%
5 years(CAGR)	+9.09%	+7.60%
10 years(CAGR)	+9.27%	+12.66%
Max(CAGR)	+8.67%	+11.81%

GSIE

-0.13%

Winner

CWB

+7.21%

GSIE

-0.76%

Winner

CWB

+12.04%

GSIE

+8.50%

Winner

CWB

+15.60%

GSIE

+22.86%

Winner

CWB

+33.29%

5Y(CAGR)

Winner

GSIE

+9.09%

CWB

+7.60%

10Y(CAGR)

GSIE

+9.27%

Winner

CWB

+12.66%

Max(CAGR)

GSIE

+8.67%

Winner

CWB

+11.81%

GSIE vs CWB - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	GSIE	CWB
2026	+5.41%	+16.30%
2025	+32.91%	+16.44%
2024	+6.22%	+10.97%
2023	+16.45%	+14.90%
2022	-16.18%	-20.52%
2021	+12.49%	+2.71%
2020	+6.65%	+52.07%
2019	+22.83%	+22.44%
2018	-13.81%	-3.35%
2017	+26.00%	+15.84%
2016	+3.80%	+11.56%
2015	-1.73%	-0.87%
2014	N/A	+8.01%
2013	N/A	+19.29%
2012	N/A	+14.23%
2011	N/A	-7.95%
2010	N/A	+12.77%
2009	N/A	+29.61%

GSIE vs CWB Drawdown Comparison

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

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

The current GSIE drawdown is -2.46%. The current CWB drawdown is -1.12%.

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

Correlation

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

0.93

-101

Dividend Comparison (2009 - 2026)

GSIE vs CWB dividend yield comparison.

Year	GSIE	CWB
2026	0.32%	0.44%
2025	2.65%	1.69%
2024	3.11%	1.85%
2023	2.87%	1.97%
2022	3.01%	2.21%
2021	2.40%	1.97%
2020	1.60%	2.34%
2019	2.80%	3.03%
2018	2.68%	6.17%
2017	2.31%	4.25%
2016	2.15%	4.60%
2015	0.13%	7.52%
2014	0.00%	7.37%
2013	0.00%	3.66%
2012	0.00%	3.84%
2011	0.00%	4.97%
2010	0.00%	4.59%
2009	0.00%	3.88%