Data as of Nov 4, 2026.
GSLC vs QLTY: Differences, Returns & Fees
Over the year to Nov 4, 2026, GSLC returned +13.3% to QLTY's +22.1%; 32% 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 $5.2bn on Aug 31, 2026 for GMO U.S. Quality ETF.
Pair scorecard
GSLC costs 0.41 points a year less; their one-year returns differ by 8.8 points.
| Measure | GSLC | QLTY |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.3% | +22.1% |
| Benchmark | ||
| What it tracks | Goldman Sachs ActiveBeta U.S. Large Cap Equity Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.09% | 0.50% |
| Net assets, GSLC as of Nov 3, 2026 and QLTY as of Aug 31, 2026 | $15.3bn | $5.2bn |
| Holdings | ||
| Holdings in common | 32% | |
| Top ten holdings, share of the fund | 35.2% | 44.1% |
Risk and return
Nov 24, 2023 to Oct 30, 2026 · 153 weekly returns · each against VOOFrom Nov 2023 to Oct 2026, QLTY returned slightly more: +72.9% to +66.6%. GSLC and QLTY swung about the same: 13.8% and 13.5%. QLTY fell less at its worst: −15.0% to −16.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GSLC | QLTY | VOO | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +66.6% | +72.9% | QLTY (slight) | Price change plus distributions, reinvested. | |
| Annualized | +18.9% | +20.4% | QLTY (slight) | Total return as a yearly rate. | |
| Price return | +60.9% | +69.0% | QLTY | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 13.8% | 13.5% | Tie | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 9.0% | 8.6% | QLTY (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −16.9% | −15.0% | QLTY | Deepest fall from a high to the low after it. | |
| Upside capture | 96.5% | 92.4% | 100.0% | GSLC (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 100.1% | 93.7% | 100.0% | QLTY (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.99 | 0.92 | 1.00 | QLTY lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.88 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 1.01 | 1.12 | QLTY (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.54 | 1.76 | QLTY | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.141 | 0.165 | 0.151 | QLTY | Return above Treasury bills per unit of beta. |
| Calmar | 1.12 | 1.36 | QLTY | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | VOO | VOO | VOO | The ETF each fund is measured against. | |
| Alpha | −1.0% a year | +1.3% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.16 | 0.46 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −2.8% to +0.7% | −4.1% to +6.7% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.79 | 0.00 | QLTY | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.5% | 4.8% | 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, 153 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GSLC and QLTY hold 32% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.
half
32% in common
Only in one fund ↓
Side by side
GSLC and QLTY 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%.
QLTY
QLTY is actively managed and tracks no index. Over the year to Nov 4, 2026 it returned +22.1% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.50% a year. By its holdings filed for Aug 31, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 43 positions, with the top ten at 44.1%.
Questions people ask
- Which returned more over the last year, GSLC or QLTY?
- In the year to Nov 4, 2026, with distributions reinvested, GSLC returned +13.3% and QLTY +22.1%.
- Which is cheaper, GSLC or QLTY?
- GSLC is cheaper, by 0.41 percentage points a year. That is about $41 on $10,000 held for a year. Fees come from each fund's prospectus.
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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, GSLC against QLTY, data as of Nov 4, 2026. https://etfiq.com/compare/any/gslc-vs-qlty
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[GSLC against QLTY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/gslc-vs-qlty)
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