Data as of Nov 4, 2026.
BBUS vs GSLC: Differences, Returns & Fees
Over the year to Nov 4, 2026, BBUS returned +14.0% to GSLC's +13.3%; 74% of their weight is in the same names.
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Net assets on Nov 3, 2026: $9.6bn for JPMorgan BetaBuilders U.S. Equity ETF and $15.3bn for Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF.
Pair scorecard
BBUS costs 0.07 points a year less; their one-year returns differ by 0.7 points; GSLC is 1.6 times larger.
| Measure | BBUS | GSLC |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.0% | +13.3% |
| Benchmark | ||
| What it tracks | Morningstar US Target Market Exposure Index | Goldman Sachs ActiveBeta U.S. Large Cap Equity Index |
| Cost and size | ||
| Expense ratio | 0.02% | 0.09% |
| Net assets, as of Nov 3, 2026 | $9.6bn | $15.3bn |
| Holdings | ||
| Holdings in common | 74% | |
| Top ten holdings, share of the fund | 36.9% | 35.2% |
Risk and return
Mar 22, 2019 to Oct 30, 2026 · 397 weekly returnsEach against its own benchmark: BBUS against USPX, Mar 22, 2019 to Oct 30, 2026; GSLC against VOO, Oct 2, 2015 to Oct 30, 2026.
From Mar 2019 to Oct 2026, BBUS returned slightly more: +200.4% to +184.7%. BBUS and GSLC swung about the same: 18.3% and 18.1%. BBUS and GSLC fell about the same at their worst: −32.1% and −31.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BBUS | GSLC | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +200.4% | +184.7% | BBUS (slight) | Price change plus distributions, reinvested. |
| Annualized | +15.5% | +14.7% | BBUS (slight) | Total return as a yearly rate. |
| Price return | +170.3% | +156.0% | BBUS (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.3% | 18.1% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.5% | 12.4% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −32.1% | −31.8% | Tie | Deepest fall from a high to the low after it. |
| Upside capture | 112.0% | 96.6% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 102.5% | 99.3% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.06 | 0.99 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.94 | 0.99 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.72 | 0.69 | BBUS (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.06 | 1.01 | BBUS (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.125 | 0.123 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.48 | 0.46 | BBUS (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | USPX | VOO | The ETF each fund is measured against. | |
| Alpha | +2.0% a year | −0.7% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 1.18 | −1.43 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.3% to +5.2% | −1.7% to +0.3% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.56 | −0.49 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 4.7% | 1.6% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 397 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BBUS and GSLC hold 74% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
74% in common
Only in one fund ↓
Side by side
BBUS and GSLC on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
Client brief:
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BBUS
BBUS tracks an index. Over the year to Nov 4, 2026 it returned +14.0% with distributions reinvested, against +14.0% for its benchmark, the Morningstar US Target Market Exposure Index. The prospectus expense ratio is 0.02% a year. By its holdings published by its issuer for Nov 3, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 469 positions, with the top ten at 36.9%.
GSLC
GSLC tracks an index. Over the year to Nov 4, 2026 it returned +13.3% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings filed for Aug 31, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 426 positions, with the top ten at 35.2%.
Questions people ask
- Which returned more over the last year, BBUS or GSLC?
- In the year to Nov 4, 2026, with distributions reinvested, BBUS returned +14.0% and GSLC +13.3%.
- Which is cheaper, BBUS or GSLC?
- BBUS is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, BBUS against GSLC, data as of Nov 4, 2026. https://etfiq.com/compare/any/bbus-vs-gslc
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