GSIE vs DBEF: Holdings Overlap
GSIEGoldman Sachs ActiveBeta(R) International Equity ETF
Goldman Sachs · 657 holdings · $6.0B · as of 2026-05-31
DBEFXtrackers MSCI EAFE Hedged Equity ETF
Xtrackers (DWS) · 676 holdings · $9.3B · as of 2026-05-29
How similar are GSIE and DBEF?
Goldman Sachs ActiveBeta(R) International Equity ETF (GSIE, by Goldman Sachs) holds 657 positions; Xtrackers MSCI EAFE Hedged Equity ETF (DBEF, by Xtrackers (DWS)) holds 676. They have 586 holdings in common, and by portfolio weight the two funds are 60.0% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 60.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 586GSIE holds 657 · DBEF holds 676
- Weight in Shared Holdings
- GSIE 88%·DBEF 91%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in GSIE
71 of 657 positions (11.6% of the fund) are not held by DBEF. Showing the top 30 by weight.
Sector Breakdown
| Sector | GSIE | DBEF |
|---|---|---|
| Financials | 24.0% | 23.0% |
| Industrials | 15.3% | 17.6% |
| Information Technology | 9.0% | 10.2% |
| Health Care | 8.0% | 9.3% |
| Consumer Staples | 6.9% | 6.5% |
| Other Sectors | 21.2% | 24.9% |
| Unclassified | 15.0% | 5.6% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (15% of GSIE, 6% of DBEF).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| GSIE | +5.0% | +14.2% | +23.8% | +18.4% | +9.5% | +9.8% | 2.43% |
| DBEF | +2.8% | +16.9% | +29.3% | +19.7% | +14.0% | +12.5% | 2.22% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in GSIE vs DBEF →
Shared Holdings(586)
The top 10 shared positions account for 15% of the overlap, led by ASML, HSBA and NOVN.
 ASMLASML Holding NV | 2.11% | 2.82% | 2.11% |
|---|---|---|---|
 HSBAHSBC Holdings PLC | 1.06% | 1.45% | 1.06% |
 NOVNNovartis AG (Registered) | 1.02% | 1.24% | 1.02% |
 ROPRoche Holding AG | 1.01% | 1.33% | 1.01% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.88% | 1.26% | 0.88% |
 SANBanco Santander SA | 0.80% | 0.81% | 0.80% |
 SHELShell PLC | 0.61% | 1.06% | 0.61% |
 NESNNestle SA (Registered) | 0.60% | 1.18% | 0.60% |
 SIESiemens AG (Registered) | 0.58% | 1.05% | 0.58% |
 ALVAllianz SE (Registered) | 0.57% | 0.76% | 0.57% |
 BBVABanco Bilbao Vizcaya Argentaria SA | 0.55% | 0.59% | 0.55% |
 6857Advantest Corp. NPV | 0.77% | 0.54% | 0.54% |
 BHPBHP Group Ltd. | 0.50% | 1.03% | 0.50% |
 8035Tokyo Electron Ltd. NPV | 0.49% | 0.66% | 0.49% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.48% | 0.90% | 0.48% |
 SAPSAP SE ORD NPV | 0.48% | 0.85% | 0.48% |
 TTETotalEnergies SE EUR2.5 | 0.46% | 0.78% | 0.46% |
 NOVOBNovo Nordisk A/S, Class B | 0.42% | 0.66% | 0.42% |
 CBACommonwealth Bank of Australia | 0.42% | 0.89% | 0.42% |
 ENRSiemens Energy AG | 0.42% | 0.66% | 0.42% |
 UCGUniCredit SpA | 0.40% | 0.53% | 0.40% |
 BNPBNP Paribas SA | 0.40% | 0.48% | 0.40% |
 6098Recruit Holdings Co Ltd. NPV | 0.52% | 0.40% | 0.40% |
 DBSDBS Group Holdings Ltd. | 0.40% | 0.46% | 0.40% |
 ORL'Oreal SA | 0.39% | 0.48% | 0.39% |
Showing the top 250 of 586 shared holdings by overlap weight.
Frequently Asked Questions
How much do GSIE and DBEF overlap?
GSIE and DBEF overlap by 60.0% of portfolio weight. They share 586 holdings (GSIE holds 657 positions and DBEF holds 676), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GSIE and DBEF?
The two portfolios are 60.0% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of GSIE and DBEF?
The largest positions held by both funds are ASML, HSBA, NOVN, ROP and AZN. Together the top 10 shared positions account for 15% of the total overlap.
What does GSIE own that DBEF doesn't?
71 positions (11.6% of GSIE) are unique to GSIE, led by RY, TD and CM. In the other direction, 90 positions (5.6% of DBEF) are unique to DBEF.