GSIE vs SPDW: Holdings Overlap
GSIEGoldman Sachs ActiveBeta(R) International Equity ETF
Goldman Sachs · 657 holdings · $6.0B · as of 2026-05-31
SPDWState Street® SPDR® Portfolio Developed World ex-US ETF
State Street (SPDR) · 2342 holdings · $40.5B · as of 2026-08-04
Holdings snapshots are 65 days apart (GSIE: 2026-05-31, SPDW: 2026-08-04). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are GSIE and SPDW?
Goldman Sachs ActiveBeta(R) International Equity ETF (GSIE, by Goldman Sachs) holds 657 positions; State Street® SPDR® Portfolio Developed World ex-US ETF (SPDW, by State Street (SPDR)) holds 2342. They have 630 holdings in common, and by portfolio weight the two funds are 59.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 59.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 630GSIE holds 657 · SPDW holds 2342
- Weight in Shared Holdings
- GSIE 96%·SPDW 74%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
27 of 657 positions (3.3% of the fund) are not held by SPDW.
Only in SPDW
1712 of 2342 positions (25.1% of the fund) are not held by GSIE. Showing the top 30 by weight.
SMSNSamsung Electronics Co Ltd2.29%
A000660SK hynix Inc1.68%
A005935Samsung Electronics Co Ltd0.28%
CPCanadian Pacific Kansas City Ltd0.25%
CNRCanadian National Railway Company COM0.23%
A402340SK Square Co Ltd0.18%
Sector Breakdown
| Sector | GSIE | SPDW |
|---|---|---|
| Financials | 24.0% | 21.9% |
| Industrials | 15.3% | 13.2% |
| Information Technology | 9.0% | 12.6% |
| Health Care | 8.0% | 6.3% |
| Consumer Staples | 6.9% | 5.1% |
| Other Sectors | 21.2% | 22.3% |
| Unclassified | 15.0% | 17.3% |
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, 18% of SPDW).
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% |
| SPDW | +3.1% | +17.9% | +30.1% | +19.9% | +10.1% | +10.3% | 2.94% |
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 SPDW →
Shared Holdings(630)
The top 10 shared positions account for 15% of the overlap, led by ASML, HSBA and ROP.
 ASMLASML Holding NV | 2.11% | 1.96% | 1.96% |
|---|---|---|---|
 HSBAHSBC Holdings PLC | 1.06% | 1.03% | 1.03% |
 ROPRoche Holding AG | 1.01% | 0.93% | 0.93% |
 RYGovernment Long Bond 1.2x Strategy Fund | 1.06% | 0.87% | 0.87% |
 NOVNNovartis AG (Registered) | 1.02% | 0.83% | 0.83% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.88% | 0.73% | 0.73% |
 SANBanco Santander SA | 0.80% | 0.64% | 0.64% |
 SHELShell PLC | 0.61% | 0.76% | 0.61% |
 NESNNestle SA (Registered) | 0.60% | 0.76% | 0.60% |
 TDThe Toronto-Dominion Bank COM NEW | 0.78% | 0.59% | 0.59% |
 SIESiemens AG (Registered) | 0.58% | 0.68% | 0.58% |
 ALVAllianz SE (Registered) | 0.57% | 0.56% | 0.56% |
 BHPBHP Group Ltd. | 0.50% | 0.66% | 0.50% |
 8035Tokyo Electron Ltd. NPV | 0.49% | 0.49% | 0.49% |
 BBVABanco Bilbao Vizcaya Argentaria SA | 0.55% | 0.48% | 0.48% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.48% | 0.81% | 0.48% |
 SAPSAP SE ORD NPV | 0.48% | 0.59% | 0.48% |
 6857Advantest Corp. NPV | 0.77% | 0.48% | 0.48% |
 TTETotalEnergies SE EUR2.5 | 0.46% | 0.51% | 0.46% |
 NOVOBNovo Nordisk A/S, Class B | 0.42% | 0.42% | 0.42% |
 CBACommonwealth Bank of Australia | 0.42% | 0.62% | 0.42% |
 UCGUniCredit SpA | 0.40% | 0.47% | 0.40% |
 BNPBNP Paribas SA | 0.40% | 0.39% | 0.39% |
 UBSGUBS Group AG (Registered) | 0.38% | 0.50% | 0.38% |
 IBEIberdrola SA | 0.37% | 0.44% | 0.37% |
Showing the top 250 of 630 shared holdings by overlap weight.
Frequently Asked Questions
How much do GSIE and SPDW overlap?
GSIE and SPDW overlap by 59.2% of portfolio weight. They share 630 holdings (GSIE holds 657 positions and SPDW holds 2342), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GSIE and SPDW?
The two portfolios are 59.2% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of GSIE and SPDW?
The largest positions held by both funds are ASML, HSBA, ROP, RY and NOVN. Together the top 10 shared positions account for 15% of the total overlap.
What does GSIE own that SPDW doesn't?
27 positions (3.3% of GSIE) are unique to GSIE, led by 288, CVC Capital Partners PLC and ORNBV. In the other direction, 1712 positions (25.1% of SPDW) are unique to SPDW.