- ISIN
- US3814304388
- CUSIP
- 381430438
- Issuer
- Goldman Sachs
- Inception Date
- Sep 12, 2017
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities, Equal Weight
- Leveraged
- 1x (No leverage)
- Index Tracked
- Solactive US Large Cap Equal Weight Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Share Price Chart
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Performance
GSEW Performance Chart
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) is up 10.3% since the beginning of the year. GSEW is currently trading at $94 per share. Investors who bought $1,000 worth of GSEW shares 5 years ago would now be looking at an investment worth $1,520.
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Returns By Period
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) has returned 10.29% so far this year and 19.27% over the past 12 months.
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
- 1D
- 0.44%
- 1M
- 1.71%
- YTD
- 10.29%
- 6M
- 8.86%
- 1Y
- 19.27%
- 3Y*
- 17.31%
- 5Y*
- 8.74%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GSEW Monthly Returns History
Based on dividend-adjusted daily data since Sep 14, 2017, GSEW's average daily return is +0.05%, while the average monthly return is +1.05%. At this rate, an investment would double in approximately 5.5 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +14.4%, while the worst month was Mar 2020 at -16.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, GSEW closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +10.9%, while the worst single day was Mar 16, 2020 at -12.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.59% | 2.77% | -5.37% | 6.71% | 3.00% | 0.57% | 10.29% | ||||||
| 2025 | 4.12% | -1.00% | -4.18% | -1.67% | 5.22% | 4.08% | 1.18% | 2.10% | 1.38% | -0.49% | 0.58% | 0.44% | 11.97% |
| 2024 | -0.33% | 4.71% | 4.29% | -4.70% | 2.65% | 0.30% | 4.20% | 2.59% | 2.19% | -0.74% | 7.58% | -6.18% | 16.89% |
| 2023 | 7.25% | -2.69% | -0.23% | -0.40% | -2.30% | 7.28% | 3.58% | -2.83% | -4.73% | -3.67% | 9.94% | 6.70% | 17.80% |
| 2022 | -6.46% | -1.64% | 2.32% | -8.50% | -0.07% | -9.12% | 9.19% | -2.69% | -9.45% | 8.89% | 6.05% | -5.10% | -17.54% |
| 2021 | -1.09% | 4.37% | 4.68% | 4.88% | 1.22% | 1.95% | 1.67% | 2.44% | -4.21% | 5.92% | -2.51% | 4.10% | 25.43% |
Benchmark Metrics
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF has an annualized alpha of -0.75%, beta of 0.96, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since September 14, 2017.
- This ETF participated in 99.91% of S&P 500 Index downside but only 94.25% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.96 and R2 of 0.91, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.75%
- Beta
- 0.96
- R²
- 0.91
- Upside Capture
- 94.25%
- Downside Capture
- 99.91%
Expense Ratio
GSEW has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
GSEW ranks 48 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSEW | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.78 | -0.28 |
| Martin ratioReturn relative to average drawdown | 9.52 | 12.44 | -2.92 |
Dividends
Dividend History
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF provided a 1.41% dividend yield over the last twelve months, with an annual payout of $1.32 per share. The fund has been increasing its distributions for 8 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.32 | $1.29 | $1.13 | $1.10 | $1.01 | $0.96 | $0.88 | $0.84 | $0.62 | $0.23 |
Dividend yield | 1.41% | 1.52% | 1.46% | 1.64% | 1.74% | 1.34% | 1.53% | 1.66% | 1.56% | 0.54% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Equal Weight U.S. Large Cap Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.00 | $0.27 | ||||||
| 2025 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.37 | $1.29 |
| 2024 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.40 | $1.13 |
| 2023 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.44 | $1.10 |
| 2022 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.47 | $1.01 |
| 2021 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.36 | $0.96 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs Equal Weight U.S. Large Cap Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Goldman Sachs Equal Weight U.S. Large Cap Equity ETF was 38.65%, occurring on Mar 23, 2020. Recovery took 140 trading sessions.
The current Goldman Sachs Equal Weight U.S. Large Cap Equity ETF drawdown is 1.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -38.65%Mar 2020 | 1mo 2d | 6mo 20d | 7mo 22dFeb 2020 - Oct 2020 |
Bear market2022 | -25.74%Oct 2022 | 11mo 1d | 1y 4mo | 2y 3moNov 2021 - Feb 2024 |
Rate-hike selloffLate 2018 | -19.65%Dec 2018 | 3mo 1d | 3mo 19d | 6mo 20dSep 2018 - Apr 2019 |
2025 selloff2025 | -18.18%Apr 2025 | 4mo 13d | 2mo 24d | 7mo 7dNov 2024 - Jul 2025 |
2018 pullback2018 | -9.80%Feb 2018 | 10d | 6mo 14d | 6mo 24dJan 2018 - Aug 2018 |
Drawdown Indicators
| GSEW | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.65% | -56.78% | +18.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.72% | -9.10% | +1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -18.18% | -18.90% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -25.43% | -0.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.11% | -1.80% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -10.71% | +4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.03% | 0.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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