Data as of Nov 4, 2026.
CGCV vs GSLC: Differences, Returns & Fees
Over the year to Nov 4, 2026, CGCV returned +16.4% to GSLC's +13.3%; 29% of their weight is in the same names.
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Net assets on Nov 3, 2026: $2.4bn for Capital Group Conservative Equity ETF and $15.3bn for Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF.
Pair scorecard
GSLC costs 0.24 points a year less; their one-year returns differ by 3.1 points; GSLC is 6.4 times larger.
| Measure | CGCV | GSLC |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.4% | +13.3% |
| Benchmark | ||
| What it tracks | No index, actively managed | Goldman Sachs ActiveBeta U.S. Large Cap Equity Index |
| Cost and size | ||
| Expense ratio | 0.33% | 0.09% |
| Net assets, as of Nov 3, 2026 | $2.4bn | $15.3bn |
| Holdings | ||
| Holdings in common | 29% | |
| Top ten holdings, share of the fund | 32.2% | 35.2% |
Risk and return
Jul 5, 2024 to Oct 30, 2026 · 121 weekly returns · each against VOOFrom Jul 2024 to Oct 2026, CGCV returned slightly more: +38.4% to +36.3%. CGCV swung less: 11.5% to 14.8%. CGCV fell less at its worst: −10.9% to −16.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | CGCV | GSLC | VOO | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +38.4% | +36.3% | CGCV (slight) | Price change plus distributions, reinvested. | |
| Annualized | +15.0% | +14.2% | CGCV (slight) | Total return as a yearly rate. | |
| Price return | +33.9% | +33.0% | CGCV (slight) | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 11.5% | 14.8% | CGCV | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 7.9% | 9.8% | CGCV | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −10.9% | −16.9% | CGCV | Deepest fall from a high to the low after it. | |
| Upside capture | 58.2% | 96.1% | 100.0% | GSLC | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 64.3% | 99.8% | 100.0% | CGCV | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.67 | 0.99 | 1.00 | CGCV lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.74 | 0.99 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.91 | 0.69 | CGCV | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.33 | 1.05 | CGCV | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.158 | 0.103 | 0.114 | CGCV | Return above Treasury bills per unit of beta. |
| Calmar | 1.38 | 0.84 | CGCV | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | VOO | VOO | VOO | The ETF each fund is measured against. | |
| Alpha | +2.9% a year | −1.1% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.75 | −1.03 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −4.8% to +10.5% | −3.1% to +1.0% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.12 | −0.74 | CGCV | Return against its benchmark per unit of tracking error. | |
| Tracking error | 7.7% | 1.6% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 121 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, CGCV and GSLC hold 29% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.
half
29% in common
Only in one fund ↓
Side by side
CGCV and GSLC on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
Client brief:
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CGCV
CGCV is actively managed and tracks no index. Over the year to Nov 4, 2026 it returned +16.4% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.33% a year. By its holdings filed for Aug 31, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 73 positions, with the top ten at 32.2%.
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, CGCV or GSLC?
- In the year to Nov 4, 2026, with distributions reinvested, CGCV returned +16.4% and GSLC +13.3%.
- Which is cheaper, CGCV or GSLC?
- GSLC is cheaper, by 0.24 percentage points a year. That is about $24 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, CGCV against GSLC, data as of Nov 4, 2026. https://etfiq.com/compare/any/cgcv-vs-gslc
ETFIQ. (Nov 4, 2026). CGCV against GSLC. Retrieved from https://etfiq.com/compare/any/cgcv-vs-gslc
[CGCV against GSLC (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/cgcv-vs-gslc)
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