Data as of Nov 4, 2026.
GSLC vs IWL: Differences, Returns & Fees
Over the year to Nov 4, 2026, GSLC returned +13.3% to IWL's +13.2%; 67% of their weight is in the same names.
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Net assets: $15.3bn on Nov 3, 2026 for Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF, and $2.2bn on Nov 4, 2026 for iShares Russell Top 200 ETF.
Pair scorecard
GSLC costs 0.06 points a year less; their one-year returns differ by 0.1 points; GSLC is 7.0 times larger.
| Measure | GSLC | IWL |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.3% | +13.2% |
| Benchmark | ||
| What it tracks | Goldman Sachs ActiveBeta U.S. Large Cap Equity Index | Russell Top 200 Index |
| Cost and size | ||
| Expense ratio | 0.09% | 0.15% |
| Net assets, as of Nov 3, 2026 | $15.3bn | $2.2bn |
| Holdings | ||
| Holdings in common | 67% | |
| Top ten holdings, share of the fund | 35.2% | 42.9% |
Risk and return
Oct 2, 2015 to Oct 30, 2026 · 578 weekly returnsEach against its own benchmark: GSLC against VOO, Oct 2, 2015 to Oct 30, 2026; IWL against IWV, Oct 9, 2009 to Oct 30, 2026.
From Oct 2015 to Oct 2026, IWL returned more: +398.8% to +327.4%. GSLC and IWL swung about the same: 16.7% and 16.7%. IWL fell slightly less at its worst: −30.4% to −31.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GSLC | IWL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +327.4% | +398.8% | IWL | Price change plus distributions, reinvested. |
| Annualized | +14.0% | +15.6% | IWL | Total return as a yearly rate. |
| Price return | +263.1% | +321.5% | IWL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.7% | 16.7% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.6% | 11.5% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −31.8% | −30.4% | IWL (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 96.6% | 95.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 99.3% | 96.1% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.99 | 0.94 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.96 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.73 | 0.81 | IWL | Return above Treasury bills per unit of volatility. |
| Sortino | 1.05 | 1.18 | IWL | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.123 | 0.140 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.44 | 0.51 | IWL | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VOO | IWV | The ETF each fund is measured against. | |
| Alpha | −0.7% a year | +1.3% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.43 | 1.67 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.7% to +0.3% | −0.2% to +2.8% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.49 | 0.18 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.6% | 3.3% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 578 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GSLC and IWL hold 67% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
67% in common
Only in one fund ↓
Side by side
GSLC and IWL on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
Client brief:
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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%.
Over the year to Nov 4, 2026 it returned +13.2% with distributions reinvested, against +14.8% for its benchmark, the Russell 3000 Index.
IWL tracks an index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Nov 3, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 202 positions, with the top ten at 42.9%.
Questions people ask
- Which returned more over the last year, GSLC or IWL?
- In the year to Nov 4, 2026, with distributions reinvested, GSLC returned +13.3% and IWL +13.2%.
- Which is cheaper, GSLC or IWL?
- 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, GSLC against IWL, data as of Nov 4, 2026. https://etfiq.com/compare/any/gslc-vs-iwl
ETFIQ. (Nov 4, 2026). GSLC against IWL. Retrieved from https://etfiq.com/compare/any/gslc-vs-iwl
[GSLC against IWL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/gslc-vs-iwl)
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