GSC vs. CVSM

Last updated Jul 14, 2026

GSC (Goldman Sachs Small Cap Core Equity ETF) and CVSM (CresAlta Small & Mid-Cap ETF) are both Small Cap Blend Equities funds. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. GSC charges 0.75%/yr vs 0.55%/yr for CVSM.

Performance

GSC vs. CVSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Small Cap Core Equity ETF (GSC) and CresAlta Small & Mid-Cap ETF (CVSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GSC

• 1D: -0.94%
• 1M: 1.86%
• 6M: 14.87%
• YTD: 22.25%
• 1Y: 30.42%
• 3Y*: 28.58%
• 5Y*: 22.84%
• 10Y*: 11.78%

CVSM

• 1D: 0.17%
• 1M: -1.46%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSC vs. CVSM - Yearly Performance Comparison

	2026 (YTD)
GSC Goldman Sachs Small Cap Core Equity ETF	11.00%
CVSM CresAlta Small & Mid-Cap ETF	3.14%

Correlation

The correlation between GSC and CVSM is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 18, 2026	0.57

Return for Risk

GSC vs. CVSM — Risk / Return Rank

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

GSC

GSC Risk / Return Rank: 48
GSC Sharpe Ratio Rank: 11
GSC Sortino Ratio Rank: 94
GSC Omega Ratio Rank: 98
GSC Calmar Ratio Rank: 17
GSC Martin Ratio Rank: 20

CVSM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

GSC vs. CVSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Small Cap Core Equity ETF (GSC) and CresAlta Small & Mid-Cap ETF (CVSM). 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.

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.

	GSC	CVSM	Difference
Sharpe ratio: Return per unit of total volatility	0.08	—	—
Sortino ratio: Return per unit of downside risk	3.82	—	—
Omega ratio: Gain probability vs. loss probability	1.99	—	—
Calmar ratio: Return relative to maximum drawdown	0.52	—	—
Martin ratio: Return relative to average drawdown	1.80	—	—

Drawdowns

GSC vs. CVSM - Drawdown Comparison

The maximum GSC drawdown since its inception was -88.63%, which is greater than CVSM's maximum drawdown of -3.36%. Use the drawdown chart below to compare losses from any high point for GSC and CVSM.

Drawdown Indicators

	GSC	CVSM	Difference
Max Drawdown Largest peak-to-trough decline	-88.63%	-3.36%	-85.27%
Max Drawdown (1Y) Largest decline over 1 year	-58.25%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-58.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-58.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-66.06%	—	—
Current Drawdown Current decline from peak	-27.39%	-1.46%	-25.93%
Average Drawdown Average peak-to-trough decline	-59.09%	-1.01%	-58.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.92%	—	—

Volatility

Volatility by Period

	GSC	CVSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	125.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	404.63%	11.19%	+393.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	218.83%	11.19%	+207.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	160.44%	11.19%	+149.25%

GSC vs. CVSM - Expense Ratio Comparison

GSC has a 0.75% expense ratio, which is higher than CVSM's 0.55% expense ratio.

Dividends

GSC vs. CVSM - Dividend Comparison

GSC's dividend yield for the trailing twelve months is around 0.13%, less than CVSM's 0.23% yield.

Position	TTM	2025	2024	2023
CVSM CresAlta Small & Mid-Cap ETF	0.23%	0.00%	0.00%	0.00%
GSC Goldman Sachs Small Cap Core Equity ETF	0.13%	0.16%	0.66%	0.11%

Frequently Asked Questions

Can I hold both GSC and CVSM in my portfolio?

GSC and CVSM have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GSC or CVSM?

On fees, CVSM is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GSC or CVSM?

CVSM is cheaper with a 0.55% expense ratio, compared with 0.75% for GSC.

Which ETF pays a higher dividend yield, GSC or CVSM?

CVSM has the higher dividend yield at 0.23%, compared with 0.13% for GSC.

What is the main difference between GSC and CVSM?

They also come from different issuers: Goldman Sachs and CresAlta. Their fees differ too: 0.75% for GSC and 0.55% for CVSM.