IHD vs GSEE

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

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

IHD vs GSEE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

IHD

$142M

Winner

GSEE

$142M

Expense Ratio

IHD

N/A

GSEE

0.36%

Max Drawdown

IHD

77.82%

Winner

GSEE

42.64%

Sharpe Ratio

Winner

IHD

1.56

GSEE

1.21

5Y Beta

Winner

IHD

0.66

GSEE

0.85

5Y Dividends CAGR

IHD

-4.50%

Winner

GSEE

20.00%

IHD vs GSEE - Historical Returns

Returns include dividend reinvestment.

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

Winner

IHD

-6.89%

GSEE

-8.54%

Winner

IHD

+4.78%

GSEE

+4.51%

Winner

IHD

+13.20%

GSEE

+11.84%

Winner

IHD

+36.76%

GSEE

+32.94%

5Y(CAGR)

Winner

IHD

+10.14%

GSEE

+7.01%

10Y(CAGR)

IHD

+10.70%

GSEE

N/A

Max(CAGR)

IHD

+4.05%

Winner

GSEE

+12.60%

IHD vs GSEE - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

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

IHD vs GSEE Drawdown Comparison

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

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

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

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

Correlation

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

0.98

-101

Dividend Comparison (2011 - 2026)

IHD vs GSEE dividend yield comparison.

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