Data as of Nov 4, 2026.
GSLC vs THRO: Differences, Returns & Fees
Over the year to Nov 4, 2026, GSLC returned +13.3% to THRO's +13.2%; 58% 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 $7.4bn on Nov 4, 2026 for iShares U.S. Thematic Rotation Active ETF.
Pair scorecard
GSLC costs 0.48 points a year less; their one-year returns differ by 0.1 points; GSLC is 2.0 times larger.
| Measure | GSLC | THRO |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.3% | +13.2% |
| Drawdown | ||
| Below its high | 3.7%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Goldman Sachs ActiveBeta U.S. Large Cap Equity Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.09% | 0.57% |
| Net assets, as of Nov 2, 2026 | $14.9bn | $7.3bn |
| Holdings | ||
| Holdings in common | 58% | |
| Top ten holdings, share of the fund | 35.2% | 43.5% |
Risk and return
Dec 23, 2021 to Oct 30, 2026 · 253 weekly returns · each against VOOFrom Dec 2021 to Oct 2026, THRO returned more: +74.7% to +62.9%. GSLC swung slightly less: 16.1% to 17.7%. GSLC fell slightly less at its worst: −24.5% to −25.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GSLC | THRO | VOO | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +62.9% | +74.7% | THRO | Price change plus distributions, reinvested. | |
| Annualized | +10.6% | +12.2% | THRO | Total return as a yearly rate. | |
| Price return | +52.7% | +70.2% | THRO | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 16.1% | 17.7% | GSLC (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 10.9% | 11.7% | GSLC (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −24.5% | −25.9% | GSLC (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 96.2% | 112.3% | 100.0% | THRO | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 99.7% | 105.4% | 100.0% | GSLC (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.99 | 1.06 | 1.00 | GSLC lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.95 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.45 | 0.51 | THRO | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.67 | 0.77 | THRO | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.074 | 0.084 | 0.084 | THRO | Return above Treasury bills per unit of beta. |
| Calmar | 0.43 | 0.47 | THRO (slight) | 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 | +0.1% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.53 | 0.05 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −2.3% to +0.3% | −3.5% to +3.7% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.76 | 0.15 | THRO | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.4% | 4.2% | 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, 253 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GSLC and THRO hold 58% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
58% in common
Only in one fund ↓
Side by side
GSLC and THRO 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%.
THRO
THRO is actively managed and tracks no index. Over the year to Nov 4, 2026 it returned +13.2% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.57% a year. By its holdings published by its issuer for Nov 3, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 246 positions, with the top ten at 43.5%. It sat 3.7% below its high of Oct 6, 2026 on Nov 4, 2026.
Questions people ask
- Which returned more over the last year, GSLC or THRO?
- In the year to Nov 4, 2026, with distributions reinvested, GSLC returned +13.3% and THRO +13.2%.
- Which is cheaper, GSLC or THRO?
- GSLC is cheaper, by 0.48 percentage points a year. That is about $48 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 THRO, data as of Nov 4, 2026. https://etfiq.com/compare/any/gslc-vs-thro
ETFIQ. (Nov 4, 2026). GSLC against THRO. Retrieved from https://etfiq.com/compare/any/gslc-vs-thro
[GSLC against THRO (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/gslc-vs-thro)
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