Data as of Nov 4, 2026.
GSLC vs SPUS: Differences, Returns & Fees
Over the year to Nov 4, 2026, GSLC returned +13.3% to SPUS's +15.8%; 51% 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 $3.1bn on Aug 31, 2026 for SP Funds S&P 500 Sharia Industry Exclusions ETF.
Pair scorecard
GSLC costs 0.36 points a year less; their one-year returns differ by 2.5 points.
| Measure | GSLC | SPUS |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.3% | +15.8% |
| Drawdown | ||
| Below its high | 4.0%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Goldman Sachs ActiveBeta U.S. Large Cap Equity Index | S&P 500 Shariah Industry Exclusions Index |
| Cost and size | ||
| Expense ratio | 0.09% | 0.45% |
| Net assets, GSLC as of Nov 3, 2026 and SPUS as of Aug 31, 2026 | $15.3bn | $3.1bn |
| Holdings | ||
| Holdings in common | 51% | |
| Top ten holdings, share of the fund | 35.2% | 56.7% |
Risk and return
Dec 27, 2019 to Oct 30, 2026 · 357 weekly returns · each against VOOFrom Dec 2019 to Oct 2026, SPUS returned more: +205.9% to +143.4%. GSLC swung slightly less: 18.8% to 19.9%. SPUS fell slightly less at its worst: −29.5% to −31.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GSLC | SPUS | VOO | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +143.4% | +205.9% | SPUS | Price change plus distributions, reinvested. | |
| Annualized | +13.8% | +17.7% | SPUS | Total return as a yearly rate. | |
| Price return | +122.5% | +186.4% | SPUS | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 18.8% | 19.9% | GSLC (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 13.0% | 13.4% | GSLC (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −31.8% | −29.5% | SPUS (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 96.6% | 115.8% | 100.0% | SPUS | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 99.5% | 104.0% | 100.0% | GSLC (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.00 | 1.03 | 1.00 | GSLC lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.94 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.63 | 0.77 | SPUS | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.91 | 1.14 | SPUS | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.118 | 0.150 | 0.127 | SPUS | Return above Treasury bills per unit of beta. |
| Calmar | 0.44 | 0.60 | SPUS | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | VOO | VOO | VOO | The ETF each fund is measured against. | |
| Alpha | −0.8% a year | +2.3% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.20 | 1.23 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −2.2% to +0.5% | −1.4% to +6.1% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.49 | 0.54 | SPUS | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.8% | 5.0% | 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, 357 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GSLC and SPUS 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
GSLC and SPUS 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%.
SPUS
SPUS tracks an index. Over the year to Nov 4, 2026 it returned +15.8% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Total Return Index. The prospectus expense ratio is 0.45% a year. By its holdings filed for Aug 31, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 217 positions, with the top ten at 56.7%. It sat 4.0% below its high of Oct 6, 2026 on Nov 4, 2026.
Questions people ask
- Which returned more over the last year, GSLC or SPUS?
- In the year to Nov 4, 2026, with distributions reinvested, GSLC returned +13.3% and SPUS +15.8%.
- Which is cheaper, GSLC or SPUS?
- GSLC is cheaper, by 0.36 percentage points a year. That is about $36 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 SPUS, data as of Nov 4, 2026. https://etfiq.com/compare/any/gslc-vs-spus
ETFIQ. (Nov 4, 2026). GSLC against SPUS. Retrieved from https://etfiq.com/compare/any/gslc-vs-spus
[GSLC against SPUS (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/gslc-vs-spus)
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