Data as of Nov 4, 2026.
GSLC vs SPYX: Differences, Returns & Fees
Over the year to Nov 4, 2026, GSLC returned +13.3% to SPYX's +14.2%; 74% 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 $2.8bn for State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF.
Pair scorecard
GSLC costs 0.11 points a year less; their one-year returns differ by 0.9 points; GSLC is 5.5 times larger.
| Measure | GSLC | SPYX |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.3% | +14.2% |
| Benchmark | ||
| What it tracks | Goldman Sachs ActiveBeta U.S. Large Cap Equity Index | S&P 500 Fossil Fuel Reserves Free Index |
| Cost and size | ||
| Expense ratio | 0.09% | 0.20% |
| Net assets, as of Nov 3, 2026 | $15.3bn | $2.8bn |
| Holdings | ||
| Holdings in common | 74% | |
| Top ten holdings, share of the fund | 35.2% | 38.6% |
Risk and return
Dec 11, 2015 to Oct 30, 2026 · 568 weekly returns · each against VOOFrom Dec 2015 to Oct 2026, SPYX returned slightly more: +346.7% to +314.1%. GSLC and SPYX swung about the same: 16.7% and 16.7%. SPYX fell slightly less at its worst: −30.9% to −31.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GSLC | SPYX | VOO | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +314.1% | +346.7% | SPYX (slight) | Price change plus distributions, reinvested. | |
| Annualized | +13.9% | +14.7% | SPYX (slight) | Total return as a yearly rate. | |
| Price return | +251.7% | +281.6% | SPYX | 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% | −30.9% | SPYX (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 96.6% | 99.8% | 100.0% | SPYX (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 99.4% | 100.0% | 100.0% | Tie | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.99 | 0.99 | 1.00 | Tie | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.99 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.72 | 0.77 | SPYX (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.04 | 1.11 | SPYX (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.122 | 0.129 | 0.129 | SPYX (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.44 | 0.48 | SPYX (slight) | 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 | 0.0% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.44 | −0.04 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.7% to +0.3% | −0.8% to +0.8% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.49 | −0.08 | SPYX | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.6% | 1.4% | 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, 568 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GSLC and SPYX hold 74% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
74% in common
Only in one fund ↓
Side by side
GSLC and SPYX 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%.
SPYX
SPYX tracks an index. Over the year to Nov 4, 2026 it returned +14.2% with distributions reinvested, against +14.8% 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 Nov 3, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 487 positions, with the top ten at 38.6%.
Questions people ask
- Which returned more over the last year, GSLC or SPYX?
- In the year to Nov 4, 2026, with distributions reinvested, GSLC returned +13.3% and SPYX +14.2%.
- Which is cheaper, GSLC or SPYX?
- GSLC 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, GSLC against SPYX, data as of Nov 4, 2026. https://etfiq.com/compare/any/gslc-vs-spyx
ETFIQ. (Nov 4, 2026). GSLC against SPYX. Retrieved from https://etfiq.com/compare/any/gslc-vs-spyx
[GSLC against SPYX (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/gslc-vs-spyx)
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