Data as of Nov 4, 2026.
FLQL vs GSLC: Differences, Returns & Fees
Over the year to Nov 4, 2026, FLQL returned +13.7% to GSLC's +13.3%; 53% of their weight is in the same names.
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Net assets on Nov 3, 2026: $2.1bn for Franklin U.S. Large Cap Multifactor Index ETF and $15.3bn for Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF.
Pair scorecard
GSLC costs 0.06 points a year less; their one-year returns differ by 0.4 points; GSLC is 7.3 times larger.
| Measure | FLQL | GSLC |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +13.3% |
| Drawdown | ||
| Below its high | 3.7%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | U.S. Large Cap Underlying Index | Goldman Sachs ActiveBeta U.S. Large Cap Equity Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.09% |
| Net assets, as of Nov 3, 2026 | $2.1bn | $15.3bn |
| Holdings | ||
| Holdings in common | 53% | |
| Top ten holdings, share of the fund | 36.0% | 35.2% |
Risk and return
May 5, 2017 to Oct 30, 2026 · 495 weekly returnsEach against its own benchmark: FLQL against IWV, May 5, 2017 to Oct 30, 2026; GSLC against VOO, Oct 2, 2015 to Oct 30, 2026.
From May 2017 to Oct 2026, FLQL and GSLC returned about the same: +252.3% and +247.5%. FLQL swung slightly less: 16.8% to 17.4%. FLQL and GSLC fell about the same at their worst: −31.3% and −31.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FLQL | GSLC | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +252.3% | +247.5% | Tie | Price change plus distributions, reinvested. |
| Annualized | +14.1% | +14.0% | Tie | Total return as a yearly rate. |
| Price return | +200.7% | +202.7% | Tie | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.8% | 17.4% | FLQL (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.8% | 12.1% | FLQL (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −31.3% | −31.8% | Tie | Deepest fall from a high to the low after it. |
| Upside capture | 87.6% | 96.6% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 92.3% | 99.3% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.92 | 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 | FLQL (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.02 | 0.99 | FLQL (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.131 | 0.123 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.45 | 0.44 | FLQL (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IWV | VOO | The ETF each fund is measured against. | |
| Alpha | +1.1% a year | −0.7% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.77 | −1.43 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.6% to +3.7% | −1.7% to +0.3% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.01 | −0.49 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 4.4% | 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, 495 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FLQL and GSLC hold 53% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
53% in common
Only in one fund ↓
Side by side
FLQL and GSLC on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
Client brief:
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Over the year to Nov 4, 2026 it returned +13.7% with distributions reinvested, against +14.8% for its benchmark, the Russell 3000 Index.
FLQL tracks an index. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jun 30, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 215 positions, with the top ten at 36.0%. It sat 3.7% below its high of Oct 6, 2026 on Nov 4, 2026.
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, FLQL or GSLC?
- In the year to Nov 4, 2026, with distributions reinvested, FLQL returned +13.7% and GSLC +13.3%.
- Which is cheaper, FLQL or GSLC?
- GSLC is cheaper, by 0.06 percentage points a year. That is about $6 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, FLQL against GSLC, data as of Nov 4, 2026. https://etfiq.com/compare/any/flql-vs-gslc
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