GBIL vs. GSLC

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC).

GBIL and GSLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBIL is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE US Treasury 0-1 Year Composite Select Index. It was launched on Sep 6, 2016. GSLC is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta U.S. Large Cap Equity Index. It was launched on Sep 17, 2015. Both GBIL and GSLC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GBIL vs. GSLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC). The values are adjusted to include any dividend payments, if applicable.

GBIL vs. GSLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	0.80%	4.12%	5.24%	4.91%	1.05%	-0.08%	0.79%	2.31%	1.78%	0.69%
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	-5.21%	16.17%	24.21%	25.09%	-18.71%	27.17%	19.02%	30.74%	-4.07%	22.49%

Returns By Period

In the year-to-date period, GBIL achieves a 0.80% return, which is significantly higher than GSLC's -5.21% return.

GBIL

• 1D: 0.01%
• 1M: 0.26%
• YTD: 0.80%
• 6M: 1.83%
• 1Y: 3.99%
• 3Y*: 4.66%
• 5Y*: 3.19%
• 10Y*: —

GSLC

• 1D: 2.88%
• 1M: -5.13%
• YTD: -5.21%
• 6M: -3.45%
• 1Y: 14.87%
• 3Y*: 16.91%
• 5Y*: 10.77%
• 10Y*: 13.15%

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

GBIL vs. GSLC - Expense Ratio Comparison

GBIL has a 0.12% expense ratio, which is higher than GSLC's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

GBIL

Goldman Sachs Access Treasury 0-1 Year ETF

GSLC

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

Return for Risk

GBIL vs. GSLC — Risk / Return Rank

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

GBIL

GBIL Risk / Return Rank: 100
GBIL Sharpe Ratio Rank: 100
GBIL Sortino Ratio Rank: 100
GBIL Omega Ratio Rank: 100
GBIL Calmar Ratio Rank: 100
GBIL Martin Ratio Rank: 100

GSLC

GSLC Risk / Return Rank: 54
GSLC Sharpe Ratio Rank: 48
GSLC Sortino Ratio Rank: 50
GSLC Omega Ratio Rank: 54
GSLC Calmar Ratio Rank: 54
GSLC Martin Ratio Rank: 62

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.

GBIL vs. GSLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC). 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.

	GBIL	GSLC	Difference
Sharpe ratio Return per unit of total volatility	16.02	0.82	+15.20
Sortino ratio Return per unit of downside risk	81.72	1.29	+80.44
Omega ratio Gain probability vs. loss probability	24.01	1.19	+22.82
Calmar ratio Return relative to maximum drawdown	199.80	1.27	+198.53
Martin ratio Return relative to average drawdown	1,295.81	5.79	+1,290.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GBIL vs. GSLC - Sharpe Ratio Comparison

The current GBIL Sharpe Ratio is 16.02, which is higher than the GSLC Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of GBIL and GSLC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GBIL	GSLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	16.02	0.82	+15.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	5.54	0.65	+4.89
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.79	0.74	+4.04

Correlation

The correlation between GBIL and GSLC is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

GBIL vs. GSLC - Dividend Comparison

GBIL's dividend yield for the trailing twelve months is around 3.89%, more than GSLC's 1.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	3.55%	4.02%	4.93%	4.77%	1.37%	0.00%	0.81%	2.20%	1.70%	0.74%	0.11%	0.00%
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	1.06%	1.00%	1.11%	1.38%	1.61%	1.06%	1.35%	1.54%	1.89%	1.69%	1.69%	0.36%

Drawdowns

GBIL vs. GSLC - Drawdown Comparison

The maximum GBIL drawdown since its inception was -0.76%, smaller than the maximum GSLC drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for GBIL and GSLC.

Drawdown Indicators

	GBIL	GSLC	Difference
Max Drawdown Largest peak-to-trough decline	-0.76%	-33.69%	+32.93%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	-12.27%	+12.25%
Max Drawdown (5Y) Largest decline over 5 years	-0.76%	-24.90%	+24.14%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.69%	—
Current Drawdown Current decline from peak	0.00%	-6.89%	+6.89%
Average Drawdown Average peak-to-trough decline	-0.04%	-4.45%	+4.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	2.69%	-2.69%

Volatility

GBIL vs. GSLC - Volatility Comparison

The current volatility for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) is 0.08%, while Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) has a volatility of 5.29%. This indicates that GBIL experiences smaller price fluctuations and is considered to be less risky than GSLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GBIL	GSLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.08%	5.29%	-5.21%
Volatility (6M) Calculated over the trailing 6-month period	0.15%	9.35%	-9.20%
Volatility (1Y) Calculated over the trailing 1-year period	0.25%	18.16%	-17.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.58%	16.64%	-16.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.47%	17.67%	-17.20%