Data as of Nov 4, 2026.
GSEW vs GSLC: Differences, Returns & Fees
Over the year to Nov 4, 2026, GSEW returned +19.5% to GSLC's +13.3%; 51% of their weight is in the same names.
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Net assets on Nov 3, 2026: $2.2bn for Goldman Sachs Equal Weight U.S. Large Cap Equity ETF and $15.3bn for Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF.
Pair scorecard
Both cost 0.09% a year; their one-year returns differ by 6.2 points; GSLC is 7.0 times larger.
Points (pts) are percentage points.
| Measure | GSEW | GSLC |
|---|---|---|
| Return | ||
| Total return, 1 year | +19.5% | +13.3% |
| Benchmark | ||
| What it tracks | Solactive US Large Cap Equal Weight Index (GTR) | Goldman Sachs ActiveBeta U.S. Large Cap Equity Index |
| Cost and size | ||
| Expense ratio | 0.09% | 0.09% |
| Net assets, as of Nov 3, 2026 | $2.2bn | $15.3bn |
| Holdings | ||
| Holdings in common | 51% | |
| Top ten holdings, share of the fund | 3.1% | 35.2% |
Risk and return
Sep 22, 2017 to Oct 30, 2026 · 475 weekly returns · each against VOOFrom Sep 2017 to Oct 2026, GSLC returned more: +231.7% to +174.3%. GSLC swung slightly less: 17.7% to 19.0%. GSLC fell less at its worst: −31.8% to −36.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GSEW | GSLC | VOO | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +174.3% | +231.7% | GSLC | Price change plus distributions, reinvested. | |
| Annualized | +11.7% | +14.0% | GSLC | Total return as a yearly rate. | |
| Price return | +136.8% | +191.6% | GSLC | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 19.0% | 17.7% | GSLC (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 13.3% | 12.3% | GSLC (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −36.2% | −31.8% | GSLC | Deepest fall from a high to the low after it. | |
| Upside capture | 88.5% | 96.9% | 100.0% | GSLC (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 97.7% | 99.2% | 100.0% | Tie | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.02 | 0.99 | 1.00 | GSLC lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.90 | 0.99 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.54 | 0.68 | GSLC | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.77 | 0.97 | GSLC | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.100 | 0.121 | 0.126 | GSLC | Return above Treasury bills per unit of beta. |
| Calmar | 0.32 | 0.44 | GSLC | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | VOO | VOO | VOO | The ETF each fund is measured against. | |
| Alpha | −2.7% a year | −0.5% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.35 | −0.92 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −6.5% to +1.2% | −1.6% to +0.6% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.41 | −0.35 | GSLC | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.9% | 1.7% | 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, 475 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GSEW and GSLC hold 51% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.
half
51% in common
Only in one fund ↓
Side by side
GSEW and GSLC on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
Client brief:
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GSEW
GSEW tracks an index. Over the year to Nov 4, 2026 it returned +19.5% 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, 83% of the fund by weight is stocks the S&P 500 also holds, across 498 positions, with the top ten at 3.1%.
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. 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
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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, GSEW against GSLC, data as of Nov 4, 2026. https://etfiq.com/compare/any/gsew-vs-gslc
ETFIQ. (Nov 4, 2026). GSEW against GSLC. Retrieved from https://etfiq.com/compare/any/gsew-vs-gslc
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