Data as of Oct 28, 2026.
FNDA vs GSSC: Differences, Returns & Fees
Over the year to Oct 28, 2026, FNDA returned +16.4% to GSSC's +17.1%; 36% of their weight is in the same names.
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Net assets: $9.1bn on Aug 31, 2026 for Schwab Fundamental U.S. Small Company ETF, and $1.1bn on Oct 27, 2026 for GS ActiveBeta U.S. Small Cap Equity ETF.
Pair scorecard
GSSC costs 0.05 points a year less; their one-year returns differ by 0.7 points.
| Measure | FNDA | GSSC |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.4% | +17.1% |
| Drawdown | ||
| Below its high | 6.3%, high on Aug 14, 2026 | 4.9%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | not read by ETFIQ | Goldman Sachs ActiveBeta U.S. Small Cap Equity Index |
| Cost and size | ||
| Expense ratio | 0.25% | 0.20% |
| Net assets, FNDA as of Aug 31, 2026 and GSSC as of Oct 27, 2026 | $9.1bn | $1.1bn |
| Holdings | ||
| Holdings in common | 36% | |
| Top ten holdings, share of the fund | 3.8% | 3.5% |
Holdings in common uses holdings dated Aug 31, 2026. Method
Risk and return
Jul 7, 2017 to Oct 23, 2026 · 485 weekly returnsEach against its own benchmark: FNDA against VOO, Aug 23, 2013 to Oct 23, 2026; GSSC against IWV, Jul 7, 2017 to Oct 23, 2026.
GSSC returned slightly more: +141.5% to +134.8%. FNDA and GSSC swung about the same: 22.9% and 22.7%. GSSC fell slightly less at its worst: −41.0% to −43.0%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FNDA | GSSC | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +134.8% | +141.5% | GSSC (slight) | Price change plus distributions, reinvested. |
| Annualized | +9.6% | +9.9% | GSSC (slight) | Total return as a yearly rate. |
| Price return | +106.1% | +115.0% | GSSC (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 22.9% | 22.7% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.1% | 15.8% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −43.0% | −41.0% | GSSC (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 99.9% | 101.1% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 106.7% | 106.0% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.11 | 1.10 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.73 | 0.76 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.40 | 0.41 | GSSC (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.57 | 0.60 | GSSC (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.087 | 0.086 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.22 | 0.24 | GSSC (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VOO | IWV | The ETF each fund is measured against. | |
| Alpha | −4.4% a year | −4.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.48 | −1.08 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −10.2% to +1.4% | −11.2% to +3.2% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.28 | −0.25 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 10.8% | 11.3% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 485 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FNDA and GSSC hold 36% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.
half
36% in common
Only in one fund ↓
Side by side
FNDA and GSSC on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FNDA and GSSC are built for the same job. How do they differ in cost, holdings and results?
- Holdings in common. 36% of the weight is in the same securities (holdings dated Aug 31, 2026).
- One-year total return (similar). Over 1 year to Oct 28, 2026 FNDA returned +16.4% and GSSC +17.1% with distributions reinvested, a gap of 0.7 points.
- Number of holdings (similar). FNDA holds 913 positions and GSSC holds 1410.
Data as of Oct 28, 2026.
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FNDA
FNDA tracks an index. Over the year to Oct 28, 2026 it returned +16.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.25% a year. By its holdings filed for Aug 31, 2026, 7% of the fund by weight is stocks the S&P 500 also holds, across 913 positions, with the top ten at 3.8%. It sat 6.3% below its high of Aug 14, 2026 on Oct 28, 2026.
Over the year to Oct 28, 2026 it returned +17.1% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.
GSSC tracks an index. The prospectus expense ratio is 0.20% a year. By its holdings filed for Aug 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,410 positions, with the top ten at 3.5%. It sat 4.9% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FNDA or GSSC?
- In the year to Oct 28, 2026, with distributions reinvested, FNDA returned +16.4% and GSSC +17.1%.
- Which is cheaper, FNDA or GSSC?
- GSSC is cheaper, by 0.05 percentage points a year. That is about $5 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, FNDA against GSSC, data as of Oct 28, 2026. https://etfiq.com/compare/any/fnda-vs-gssc
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