EUSA vs. GSEW

Last updated Jun 3, 2026

EUSA (iShares MSCI USA Equal Weighted ETF) and GSEW (Goldman Sachs Equal Weight U.S. Large Cap Equity ETF) are both exchange-traded funds - EUSA is a Mid Cap Blend Equities fund tracking the MSCI USA Equal Weighted Index, while GSEW is a Large Cap Growth Equities fund tracking the Solactive US Large Cap Equal Weight Index. Both are passively managed. Over the past 5 years, EUSA returned 8.03%/yr vs 8.93%/yr for GSEW. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.09% expense ratio.

Performance

EUSA vs. GSEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Equal Weighted ETF (EUSA) and Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with EUSA having a 9.88% return and GSEW slightly higher at 10.25%.

EUSA

• 1D: 0.29%
• 1M: 4.01%
• YTD: 9.88%
• 6M: 10.95%
• 1Y: 19.84%
• 3Y*: 16.20%
• 5Y*: 8.03%
• 10Y*: 11.64%

GSEW

• 1D: 0.20%
• 1M: 3.49%
• YTD: 10.25%
• 6M: 11.51%
• 1Y: 20.52%
• 3Y*: 17.69%
• 5Y*: 8.93%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUSA vs. GSEW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUSA iShares MSCI USA Equal Weighted ETF	9.88%	10.24%	14.64%	17.72%	-17.13%	25.60%	15.03%	30.56%	-8.58%	7.54%
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	10.25%	11.97%	16.89%	17.80%	-17.54%	25.43%	16.28%	31.04%	-8.11%	7.67%

Correlation

The correlation between EUSA and GSEW is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Sep 15, 2017	0.98

The correlation between EUSA and GSEW has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

EUSA vs. GSEW - Sectors Allocation Comparison

Sectors	EUSA	GSEW
Technology	21.3%	20.9%
Industrials	14.7%	15.6%
Financial Services	14.4%	14.3%
Healthcare	10.1%	11.3%
Consumer Cyclical	9.7%	9.1%
Utilities	5.6%	5.8%
Real Estate	5.5%	4.0%
Consumer Defensive	5.2%	5.7%
Communication Services	4.8%	3.5%
Energy	4.6%	4.9%
Basic Materials	4.1%	4.6%

Return for Risk

EUSA vs. GSEW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUSA

EUSA Risk / Return Rank: 50
EUSA Sharpe Ratio Rank: 49
EUSA Sortino Ratio Rank: 49
EUSA Omega Ratio Rank: 46
EUSA Calmar Ratio Rank: 51
EUSA Martin Ratio Rank: 57

GSEW

GSEW Risk / Return Rank: 51
GSEW Sharpe Ratio Rank: 49
GSEW Sortino Ratio Rank: 49
GSEW Omega Ratio Rank: 46
GSEW Calmar Ratio Rank: 53
GSEW Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUSA vs. GSEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Equal Weighted ETF (EUSA) and Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	EUSA	GSEW	Difference
Sharpe ratio Return per unit of total volatility	1.69	1.70	-0.01
Sortino ratio Return per unit of downside risk	2.44	2.42	+0.02
Omega ratio Gain probability vs. loss probability	1.30	1.30	0.00
Calmar ratio Return relative to maximum drawdown	2.55	2.69	-0.14
Martin ratio Return relative to average drawdown	10.14	10.32	-0.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUSA vs. GSEW - Sharpe Ratio Comparison

The current EUSA Sharpe Ratio is 1.69, which is comparable to the GSEW Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of EUSA and GSEW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EUSA	GSEW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	1.70	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.53	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.62	+0.09

Drawdowns

EUSA vs. GSEW - Drawdown Comparison

The maximum EUSA drawdown since its inception was -39.16%, roughly equal to the maximum GSEW drawdown of -38.65%. Use the drawdown chart below to compare losses from any high point for EUSA and GSEW.

Drawdown Indicators

	EUSA	GSEW	Difference
Max Drawdown Largest peak-to-trough decline	-39.16%	-38.65%	-0.51%
Max Drawdown (1Y) Largest decline over 1 year	-7.82%	-7.72%	-0.10%
Max Drawdown (3Y) Largest decline over 3 years	-18.20%	-18.18%	-0.02%
Max Drawdown (5Y) Largest decline over 5 years	-25.24%	-25.74%	+0.50%
Max Drawdown (10Y) Largest decline over 10 years	-39.16%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.60%	-5.89%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	2.02%	-0.05%

Volatility

EUSA vs. GSEW - Volatility Comparison

iShares MSCI USA Equal Weighted ETF (EUSA) has a higher volatility of 2.89% compared to Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) at 2.69%. This indicates that EUSA's price experiences larger fluctuations and is considered to be riskier than GSEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUSA	GSEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	2.69%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	8.72%	9.05%	-0.33%
Volatility (1Y) Calculated over the trailing 1-year period	11.78%	12.10%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	16.91%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.34%	19.20%	-0.86%

EUSA vs. GSEW - Expense Ratio Comparison

Both EUSA and GSEW have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

EUSA vs. GSEW - Dividend Comparison

EUSA's dividend yield for the trailing twelve months is around 1.51%, more than GSEW's 1.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUSA iShares MSCI USA Equal Weighted ETF	1.51%	1.63%	1.47%	1.53%	1.73%	1.23%	1.45%	1.49%	2.01%	1.50%	1.59%	2.21%
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	1.41%	1.52%	1.46%	1.64%	1.74%	1.34%	1.53%	1.66%	1.56%	0.54%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EUSA and GSEW in my portfolio?

With a correlation of 0.99, EUSA and GSEW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EUSA or GSEW?

EUSA has higher volatility (2.89%) compared to GSEW (2.69%). In terms of maximum drawdown, EUSA dropped -39.16% vs GSEW's -38.65%.

Which ETF is better, EUSA or GSEW?

On 5-year performance, GSEW leads with 8.93% vs 8.03% for EUSA. Both ETFs have the same 0.09% expense ratio. On volatility, GSEW has been the lower-risk option at 2.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUSA or GSEW?

Over the 5-year period, GSEW has performed better with a 8.93% return vs 8.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUSA or GSEW?

EUSA and GSEW have the same expense ratio: 0.09% per year.

Which ETF pays a higher dividend yield, EUSA or GSEW?

EUSA has the higher dividend yield at 1.51%, compared with 1.41% for GSEW.

What is the main difference between EUSA and GSEW?

EUSA is categorized as Mid Cap Blend Equities, while GSEW is Large Cap Growth Equities. EUSA tracks MSCI USA Equal Weighted Index, while GSEW tracks Solactive US Large Cap Equal Weight Index. They also come from different issuers: iShares and Goldman Sachs.

Which has better risk-adjusted returns?

GSEW currently has the higher Sharpe Ratio (1.70 vs 1.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.