Data as of Nov 4, 2026.
GSLC vs QQQE: Differences, Returns & Fees
Over the year to Nov 4, 2026, GSLC returned +13.3% to QQQE's +16.0%; 23% of their weight is in the same names.
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Net assets on Nov 3, 2026: $15.3bn for Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF and $1.4bn for Direxion NASDAQ-100 Equal Weighted Index ETF.
Pair scorecard
GSLC costs 0.26 points a year less; their one-year returns differ by 2.7 points; GSLC is 10.9 times larger.
| Measure | GSLC | QQQE |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.3% | +16.0% |
| Drawdown | ||
| Below its high | 5.7%, high on Aug 13, 2026 | |
| Benchmark | ||
| What it tracks | Goldman Sachs ActiveBeta U.S. Large Cap Equity Index | NASDAQ-100 Equal Weighted Index |
| Cost and size | ||
| Expense ratio | 0.09% | 0.35% |
| Net assets, as of Nov 3, 2026 | $15.3bn | $1.4bn |
| Holdings | ||
| Holdings in common | 23% | |
| Top ten holdings, share of the fund | 35.2% | 12.4% |
Risk and return
Oct 2, 2015 to Oct 30, 2026 · 578 weekly returns · each against VOOFrom Oct 2015 to Oct 2026, GSLC and QQQE returned about the same: +327.4% and +328.4%. GSLC swung less: 16.7% to 19.2%. GSLC and QQQE fell about the same at their worst: −31.8% and −31.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GSLC | QQQE | VOO | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +327.4% | +328.4% | Tie | Price change plus distributions, reinvested. | |
| Annualized | +14.0% | +14.0% | Tie | Total return as a yearly rate. | |
| Price return | +263.1% | +281.1% | QQQE (slight) | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 16.7% | 19.2% | GSLC | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 11.6% | 13.1% | GSLC | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −31.8% | −31.7% | Tie | Deepest fall from a high to the low after it. | |
| Upside capture | 96.6% | 116.9% | 100.0% | QQQE | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 99.3% | 110.0% | 100.0% | GSLC (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.99 | 1.08 | 1.00 | GSLC lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.89 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.73 | 0.66 | GSLC (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.05 | 0.97 | GSLC (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.123 | 0.117 | 0.130 | GSLC (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.44 | 0.44 | Tie | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | VOO | VOO | VOO | The ETF each fund is measured against. | |
| Alpha | −0.7% a year | −1.4% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.43 | −0.73 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.7% to +0.3% | −5.2% to +2.4% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.49 | −0.05 | QQQE | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.6% | 6.6% | 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, 578 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GSLC and QQQE hold 23% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
23% in common
Only in one fund ↓
Side by side
GSLC and QQQE 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%.
QQQE
QQQE tracks an index. Over the year to Nov 4, 2026 it returned +16.0% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.35% a year. By its holdings filed for Jul 31, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 12.4%. It sat 5.7% below its high of Aug 13, 2026 on Nov 4, 2026.
Questions people ask
- Which returned more over the last year, GSLC or QQQE?
- In the year to Nov 4, 2026, with distributions reinvested, GSLC returned +13.3% and QQQE +16.0%.
- Which is cheaper, GSLC or QQQE?
- GSLC is cheaper, by 0.26 percentage points a year. That is about $26 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 QQQE, data as of Nov 4, 2026. https://etfiq.com/compare/any/gslc-vs-qqqe
ETFIQ. (Nov 4, 2026). GSLC against QQQE. Retrieved from https://etfiq.com/compare/any/gslc-vs-qqqe
[GSLC against QQQE (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/gslc-vs-qqqe)
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