GEM vs. VEU ETF Comparison

Comparison of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) to Vanguard FTSE All World Ex US ETF (VEU)

GEM

Goldman Sachs ActiveBeta Emerging Markets Equity ETF

GEM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Emerging Markets Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to deliver exposure to equity securities of emerging market issuers.

Grade (RS Rating)

Last Trade

$33.16

Average Daily Volume

68,074

Number of Holdings ^*

40

* may have additional holdings in another (foreign) market

VEU

Vanguard FTSE All World Ex US ETF

VEU Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks of companies located in developed and emerging markets outside of the United States. The fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US Index, a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of international markets. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$59.19

Average Daily Volume

2,076,190

Number of Holdings ^*

106

* may have additional holdings in another (foreign) market

Performance

Period	GEM	VEU
30 Days	-3.80%	-2.58%
60 Days	-1.37%	-4.08%
90 Days	-1.13%	-3.78%
12 Months	12.15%	12.95%

43 Overlapping Holdings

	Symbol	Grade	Weight in GEM	Weight in VEU	Overlap
	ABEV	F	0.07%	0.01%	0.01%
	ABEV	F	0.07%	0.02%	0.02%
	ASAI	F	0.04%	0.02%	0.02%
	ASAI	F	0.04%	0.0%	0.0%
	ATHM	D	0.07%	0.01%	0.01%
	ATHM	D	0.07%	0.0%	0.0%
	BABA	D	1.93%	0.72%	0.72%
	BCH	F	0.09%	0.02%	0.02%
	BEKE	D	0.05%	0.05%	0.05%
	BGNE	D	0.11%	0.04%	0.04%
	BIDU	F	0.15%	0.09%	0.09%
	BRFS	D	0.04%	0.01%	0.01%
	BZ	F	0.03%	0.02%	0.02%
	CHT	D	0.06%	0.03%	0.03%
	CHT	D	0.06%	0.02%	0.02%
	CSAN	F	0.04%	0.01%	0.01%
	ERJ	B	0.05%	0.02%	0.02%
	GGB	C	0.09%	0.01%	0.01%
	GGB	C	0.09%	0.01%	0.01%
	HDB	C	0.46%	0.4%	0.4%
	IBN	C	0.8%	0.21%	0.21%
	IQ	F	0.03%	0.0%	0.0%
	KB	B	0.27%	0.04%	0.04%
	KB	B	0.27%	0.04%	0.04%
	KEP	B	0.04%	0.01%	0.01%
	KEP	B	0.04%	0.0%	0.0%
	LI	F	0.06%	0.05%	0.05%
	LPL	F	0.04%	0.01%	0.01%
	PDD	F	0.75%	0.3%	0.3%
	QFIN	B	0.2%	0.01%	0.01%
	SHG	D	0.2%	0.04%	0.04%
	SHG	D	0.2%	0.02%	0.02%
	TAL	F	0.06%	0.02%	0.02%
	TCOM	B	0.18%	0.12%	0.12%
	TME	D	0.1%	0.03%	0.03%
	UMC	F	0.18%	0.03%	0.03%
	UMC	F	0.18%	0.03%	0.03%
	VALE	F	0.41%	0.03%	0.03%
	VALE	F	0.41%	0.12%	0.12%
	VIPS	F	0.2%	0.02%	0.02%
	WIT	A	0.21%	0.01%	0.01%
	WIT	A	0.21%	0.02%	0.02%
	YUMC	C	0.24%	0.06%	0.06%

GEM Overweight 8 Positions Relative to VEU

	Symbol	Grade	Weight
	SKM	D	0.22%
	NU	C	0.14%
	SCCO	F	0.09%
	KT	A	0.09%
	BAP	B	0.08%
	XP	F	0.05%
	BVN	F	0.03%
	PAGS	F	0.03%

GEM Underweight 63 Positions Relative to VEU

	Symbol	Grade	Weight
	NVS	D	-0.77%
	TM	D	-0.71%
	HSBH	B	-0.59%
	UL	D	-0.52%
	MUFG	B	-0.41%
	SONY	B	-0.37%
	TD	F	-0.34%
	SHOP	B	-0.33%
	ABBV	D	-0.31%
	SMFG	B	-0.27%
	DEO	F	-0.24%
	CNI	D	-0.21%
	MFG	B	-0.18%
	HMC	F	-0.17%
	BCS	C	-0.16%
	WCN	A	-0.16%
	LYG	F	-0.15%
	FLUT	A	-0.14%
	INFY	B	-0.12%
	E	F	-0.12%
	GOLD	D	-0.11%
	STLA	F	-0.1%
	SW	A	-0.09%
	ITUB	F	-0.06%
	NMR	B	-0.05%
	XRX	F	-0.05%
	LOGI	D	-0.04%
	XPEV	C	-0.03%
	BBD	D	-0.03%
	QGEN	D	-0.03%
	PKX	F	-0.03%
	MBAVU	D	-0.02%
	AEI	D	-0.02%
	AGCO	D	-0.02%
	BILI	D	-0.02%
	NIO	F	-0.02%
	YMM	C	-0.02%
	PBR	C	-0.02%
	GDS	C	-0.01%
	SQM	F	-0.01%
	BSAC	F	-0.01%
	RDY	F	-0.01%
	SBSW	D	-0.01%
	TSM	B	-0.01%
	CIB	B	-0.01%
	CX	D	-0.01%
	JEWL	F	-0.0%
	BAK	F	-0.0%
	ENIC	D	-0.0%
	ELP	F	-0.0%
	SID	F	-0.0%
	TS	B	-0.0%
	WB	D	-0.0%
	TAK	F	-0.0%
	EC	D	-0.0%
	MNTX	C	-0.0%
	VIV	F	-0.0%
	CIG	C	-0.0%
	YY	C	-0.0%
	DQ	F	-0.0%
	PIXY	F	-0.0%
	AKO.A	F	-0.0%
	RLX	C	-0.0%

GEM: Top Represented Industries & Keywords

Industries: Banks - Regional - Asia Internet Content & Information Specialty Retail Telecom Services Banks - Regional - Latin America Industrial Metals & Minerals Aerospace & Defense Auto Manufacturers Banks - Diversified Beverages - Brewers Biotechnology Capital Markets Consumer Electronics Copper Credit Services Education & Training Services Grocery Stores Information Technology Services Leisure Oil & Gas Refining & Marketing

Keywords: Bank Banking Investment Banking Advertising Services Currency Investment Banking Services Investment Product Broadband Cloud Computing E-Commerce Financial Products Information And Communications Technology Internet Access Mining Nasdaq 100 Phone Services Securitization Telecommunications Telephone Services Account Management

VEU: Top Represented Industries & Keywords

Industries: Internet Content & Information Auto Manufacturers Banks - Regional - Asia Banks - Regional - Latin America Banks - Global Information Technology Services Oil & Gas Integrated Specialty Retail Steel Chemicals Consumer Electronics Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Gold Semiconductors Software - Application Telecom Services Utilities - Diversified Utilities - Regulated Electric Aerospace & Defense

Keywords: Bank Banking Investment Banking Financial Products Investment Banking Services Currency Investment Product Cash Management Commercial Banking Natural Gas Telecommunications Transport Cars Electricity Factoring Financial Advisory Services Insurance Products Investment Bank Project Finance Securitization