Data as of Oct 28, 2026.
GSEW vs RSP: Differences, Returns & Fees
Over the year to Oct 28, 2026, GSEW returned +14.6% to RSP's +16.0%; 80% of their weight is in the same names.
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Net assets on Oct 27, 2026: $2.2bn for Goldman Sachs Equal Weight U.S. Large Cap Equity ETF and $99.8bn for Invesco S&P 500 Equal Weight ETF.
Pair scorecard
GSEW costs 0.11 points a year less; their one-year returns differ by 1.4 points; RSP is far larger, $99.8bn against $2.2bn.
| Measure | GSEW | RSP |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.6% | +16.0% |
| Benchmark | ||
| What it tracks | Solactive US Large Cap Equal Weight Index (GTR) | S&P 500 Equal Weight Index |
| Cost and size | ||
| Expense ratio | 0.09% | 0.20% |
| Net assets, as of Oct 27, 2026 | $2.2bn | $99.8bn |
| Holdings | ||
| Holdings in common | 80% | |
| Top ten holdings, share of the fund | 3.1% | 2.7% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
Risk and return
Sep 22, 2017 to Oct 23, 2026 · 474 weekly returnsEach against its own benchmark: GSEW against VOO, Sep 22, 2017 to Oct 23, 2026; RSP against IVV, May 9, 2003 to Oct 23, 2026.
GSEW returned slightly more: +172.4% to +168.2%. GSEW and RSP swung about the same: 19.0% and 19.0%. GSEW and RSP fell about the same at their worst: −36.2% and −36.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GSEW | RSP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +172.4% | +168.2% | GSEW (slight) | Price change plus distributions, reinvested. |
| Annualized | +11.6% | +11.4% | Tie | Total return as a yearly rate. |
| Price return | +135.1% | +129.0% | GSEW (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.0% | 19.0% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.3% | 13.4% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −36.2% | −36.7% | Tie | Deepest fall from a high to the low after it. |
| Upside capture | 88.5% | 104.7% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 97.9% | 102.9% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.02 | 1.07 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.90 | 0.92 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.53 | 0.52 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 0.76 | 0.74 | GSEW (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.100 | 0.098 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.32 | 0.31 | GSEW (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VOO | IVV | The ETF each fund is measured against. | |
| Alpha | −2.8% a year | −0.6% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.43 | −0.57 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −6.7% to +1.1% | −2.8% to +1.5% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.44 | 0.02 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.9% | 5.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 474 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GSEW and RSP hold 80% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
80% in common
Only in one fund ↓
Side by side
GSEW and RSP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
GSEW and RSP do different jobs. What does each one do in a portfolio?
- What each follows. GSEW follows Solactive US Large Cap Equal Weight Index (GTR) and RSP follows S&P 500 Equal Weight Index.
- Cost. GSEW charges 0.09% of assets a year and RSP 0.20%, a gap of 0.11 points.
- Size. GSEW has $2.2bn in net assets and RSP $99.8bn (net assets, as of Oct 27, 2026); RSP is 45.4 times larger.
Data as of Oct 28, 2026.
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GSEW
GSEW tracks an index. Over the year to Oct 28, 2026 it returned +14.6% with distributions reinvested, against +13.7% 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%.
RSP
RSP tracks the S&P 500 equal weight. Over the year to Oct 28, 2026 it returned +16.0% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 508 positions, with the top ten at 2.7%.
Questions people ask
- Which returned more over the last year, GSEW or RSP?
- In the year to Oct 28, 2026, with distributions reinvested, GSEW returned +14.6% and RSP +16.0%.
- Which is cheaper, GSEW or RSP?
- GSEW is cheaper, by 0.11 percentage points a year. That is about $11 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, GSEW against RSP, data as of Oct 28, 2026. https://etfiq.com/compare/any/gsew-vs-rsp
ETFIQ. (Oct 28, 2026). GSEW against RSP. Retrieved from https://etfiq.com/compare/any/gsew-vs-rsp
[GSEW against RSP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/gsew-vs-rsp)
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