- ISIN
- US38149W7395
- Issuer
- Goldman Sachs
- Inception Date
- Mar 15, 2022
- Region
- Developed Markets (Broad)
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Share Price Chart
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Performance
GSWO Performance Chart
Goldman Sachs ActiveBeta World Equity ETF (GSWO) is up 10.9% since the beginning of the year. GSWO is currently trading at $64 per share.
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Returns By Period
Goldman Sachs ActiveBeta World Equity ETF (GSWO) has returned 10.85% so far this year and 20.07% over the past 12 months.
Goldman Sachs ActiveBeta World Equity ETF
- 1D
- -0.37%
- 1M
- 2.16%
- YTD
- 10.85%
- 6M
- 11.32%
- 1Y
- 20.07%
- 3Y*
- 17.71%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
GSWO Monthly Returns History
Based on dividend-adjusted daily data since Mar 17, 2022, GSWO'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 2026 with a return of +8.6%, while the worst month was Sep 2022 at -7.9%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, GSWO closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +5.7%, while the worst single day was Apr 4, 2025 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.75% | 2.03% | -5.76% | 8.61% | 4.81% | -0.47% | 10.85% | ||||||
| 2025 | 3.62% | 1.80% | -0.88% | 1.11% | 3.30% | 2.49% | -0.16% | 3.15% | 1.44% | -0.74% | 2.29% | 0.21% | 18.97% |
| 2024 | 1.79% | 3.06% | 2.84% | -4.39% | 3.65% | 1.35% | 3.48% | 3.77% | 1.43% | -2.54% | 4.68% | -4.25% | 15.29% |
| 2023 | 3.44% | -2.55% | 3.03% | 2.67% | -2.75% | 5.23% | 1.50% | -1.55% | -2.93% | -1.28% | 7.22% | 3.78% | 16.28% |
| 2022 | 1.73% | -5.24% | -0.45% | -5.92% | 5.91% | -3.77% | -7.90% | 8.00% | 6.17% | -3.41% | -6.15% |
Benchmark Metrics
Goldman Sachs ActiveBeta World Equity ETF has an annualized alpha of 2.97%, beta of 0.69, and R2 of 0.83 versus S&P 500 Index. Calculated based on daily prices since March 17, 2022.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (74.23%) than losses (72.25%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 2.97% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.69 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.97%
- Beta
- 0.69
- R²
- 0.83
- Upside Capture
- 74.23%
- Downside Capture
- 72.25%
Expense Ratio
GSWO has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
GSWO ranks 56 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 ActiveBeta World Equity ETF (GSWO) 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.
| GSWO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.71 | -0.45 |
| Martin ratioReturn relative to average drawdown | 10.56 | 12.15 | -1.59 |
Dividends
Dividend History
Goldman Sachs ActiveBeta World Equity ETF provided a 1.62% dividend yield over the last twelve months, with an annual payout of $1.03 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.03 | $1.01 | $0.87 | $0.90 | $0.66 |
Dividend yield | 1.62% | 1.74% | 1.75% | 2.06% | 1.73% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs ActiveBeta World 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 | $0.19 | $0.00 | $0.00 | $0.00 | $0.19 | ||||||
| 2025 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.23 | $1.01 |
| 2024 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.21 | $0.87 |
| 2023 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.26 | $0.90 |
| 2022 | $0.31 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.20 | $0.66 |
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 ActiveBeta World 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 ActiveBeta World Equity ETF was 17.77%, occurring on Oct 12, 2022. Recovery took 187 trading sessions.
The current Goldman Sachs ActiveBeta World Equity ETF drawdown is 0.85%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -17.77%Oct 2022 | 6mo 16d | 9mo 4d | 1y 3moMar 2022 - Jul 2023 |
2025 selloff2025 | -9.97%Apr 2025 | 1mo 23d | 24d | 2mo 17dFeb 2025 - May 2025 |
2026 pullback2026 | -8.93%Mar 2026 | 1mo 2d | 16d | 1mo 18dFeb 2026 - Apr 2026 |
2023 pullback2023 | -7.71%Oct 2023 | 3mo 3d | 26d | 3mo 29dJul 2023 - Nov 2023 |
2025 pullback2025 | -5.68%Jan 2025 | 1mo 5d | 1mo 2d | 2mo 7dDec 2024 - Feb 2025 |
Drawdown Indicators
| GSWO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -56.78% | +39.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -9.10% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -9.97% | -18.90% | +8.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.85% | -1.29% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -10.72% | +7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 2.02% | -0.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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