IAF vs GSEE

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

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

IAF vs GSEE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

IAF

$135M

GSEE

$135M

Expense Ratio

IAF

N/A

GSEE

0.36%

Max Drawdown

IAF

83.73%

Winner

GSEE

42.64%

Sharpe Ratio

IAF

-0.00

Winner

GSEE

1.62

5Y Beta

Winner

IAF

0.75

GSEE

0.80

5Y Dividends CAGR

IAF

1.98%

Winner

GSEE

20.00%

IAF vs GSEE - Historical Returns

Returns include dividend reinvestment.

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

IAF

-3.26%

Winner

GSEE

-1.27%

IAF

-4.45%

Winner

GSEE

+11.46%

IAF

+0.31%

Winner

GSEE

+19.50%

IAF

+1.57%

Winner

GSEE

+40.36%

5Y(CAGR)

IAF

+1.08%

Winner

GSEE

+5.85%

10Y(CAGR)

IAF

+7.81%

GSEE

N/A

Max(CAGR)

IAF

+7.90%

Winner

GSEE

+12.70%

IAF vs GSEE - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

IAF vs GSEE Drawdown Comparison

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

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

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

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

Correlation

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

0.78

-101

Dividend Comparison (2000 - 2026)

IAF vs GSEE dividend yield comparison.

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