GSC vs. DGRS

Last updated Aug 2, 2026

GSC (Goldman Sachs Small Cap Core Equity ETF) and DGRS (WisdomTree U.S. SmallCap Quality Dividend Growth Fund) are both exchange-traded funds - GSC is a Small Cap Blend Equities fund actively managed by Goldman Sachs, while DGRS is a Quality Factor fund tracking the WisdomTree U.S. SmallCap Quality Dividend Growth Index. GSC is actively managed, while DGRS is passively managed. Over the past 10 years, GSC returned 12.86%/yr vs 9.82%/yr for DGRS. Their 0.28 correlation means their historical movements had little consistent relationship. GSC charges 0.75%/yr vs 0.38%/yr for DGRS.

Performance

GSC vs. DGRS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Small Cap Core Equity ETF (GSC) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS). 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 GSC having a 21.42% return and DGRS slightly higher at 21.67%. Over the past 10 years, GSC has outperformed DGRS with an annualized return of 12.86%, while DGRS has yielded a comparatively lower 9.82% annualized return.

GSC

• 1D: -0.09%
• 1M: -2.02%
• 6M: 15.43%
• YTD: 21.42%
• 1Y: 31.55%
• 3Y*: 28.29%
• 5Y*: 21.67%
• 10Y*: 12.86%
• ALL TIME*: 0.25%

DGRS

• 1D: 0.23%
• 1M: 1.90%
• 6M: 12.89%
• YTD: 21.67%
• 1Y: 31.79%
• 3Y*: 12.75%
• 5Y*: 8.44%
• 10Y*: 9.82%
• ALL TIME*: 9.54%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	$2.61M	$2.32M	$1.84M
GSC Goldman Sachs Small Cap Core Equity ETF	$837.33K	$802.46K	$944.68K

GSC vs. DGRS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSC Goldman Sachs Small Cap Core Equity ETF	21.42%	6.29%	13.79%	33.52%	28.40%	58.09%	-33.08%	29.69%	-19.52%	2.90%
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	21.67%	-0.43%	10.40%	21.16%	-13.11%	23.11%	7.86%	24.20%	-10.75%	7.25%

Correlation

The correlation between GSC and DGRS is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.45
Correlation (10Y) Provides a long-term view across more market conditions.	0.28
Correlation (All Time) Calculated using the full available price history since Jul 25, 2013	0.28

Over the past year, GSC and DGRS have become more correlated (0.68) than their long-term average of 0.28, meaning their price movements have been converging.

GSC vs. DGRS - Sectors Allocation Comparison

Sectors	GSC	DGRS
Technology	22.0%	9.1%
Healthcare	17.9%	1.2%
Industrials	16.1%	19.5%
Financial Services	15.8%	25.5%
Consumer Cyclical	12.0%	16.3%
Basic Materials	5.6%	8.0%
Energy	3.4%	10.0%
Utilities	2.8%	0.2%
Real Estate	2.4%	1.9%
Consumer Defensive	1.2%	6.5%
Communication Services	0.9%	2.0%

Return for Risk

GSC vs. DGRS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GSC

GSC Risk / Return Rank: 50
GSC Sharpe Ratio Rank: 12
GSC Sortino Ratio Rank: 94
GSC Omega Ratio Rank: 98
GSC Calmar Ratio Rank: 20
GSC Martin Ratio Rank: 24

DGRS

DGRS Risk / Return Rank: 77
DGRS Sharpe Ratio Rank: 74
DGRS Sortino Ratio Rank: 80
DGRS Omega Ratio Rank: 73
DGRS Calmar Ratio Rank: 82
DGRS Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GSC vs. DGRS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Small Cap Core Equity ETF (GSC) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS). 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	DGRS	Difference
Sharpe ratio: Return per unit of total volatility	0.08	1.69	-1.61
Sortino ratio: Return per unit of downside risk	3.82	2.61	+1.21
Omega ratio: Gain probability vs. loss probability	1.99	1.30	+0.68
Calmar ratio: Return relative to maximum drawdown	0.53	2.98	-2.46
Martin ratio: Return relative to average drawdown	1.81	9.53	-7.72

GSC vs. DGRS - Sharpe Ratio Comparison

The current GSC Sharpe Ratio is 0.08, which is lower than the DGRS Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of GSC and DGRS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GSC vs. DGRS - Drawdown Comparison

The maximum GSC drawdown since its inception was -88.63%, which is greater than DGRS's maximum drawdown of -44.83%. Use the drawdown chart below to compare losses from any high point for GSC and DGRS.

Drawdown Indicators

	GSC	DGRS	Difference
Max Drawdown Largest peak-to-trough decline	-88.63%	-44.83%	-43.80%
Max Drawdown (1Y) Largest decline over 1 year	-58.25%	-9.68%	-48.57%
Max Drawdown (3Y) Largest decline over 3 years	-58.25%	-27.57%	-30.68%
Max Drawdown (5Y) Largest decline over 5 years	-58.25%	-27.57%	-30.68%
Max Drawdown (10Y) Largest decline over 10 years	-66.06%	-44.83%	-21.23%
Current Drawdown Current decline from peak	-27.89%	-1.24%	-26.65%
Average Drawdown Average peak-to-trough decline	-59.00%	-6.66%	-52.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.94%	3.03%	+13.91%

Volatility

GSC vs. DGRS - Volatility Comparison

Goldman Sachs Small Cap Core Equity ETF (GSC) has a higher volatility of 4.73% compared to WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) at 3.72%. This indicates that GSC's price experiences larger fluctuations and is considered to be riskier than DGRS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSC	DGRS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.73%	3.72%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	125.41%	10.52%	+114.89%
Volatility (1Y) Calculated over the trailing 1-year period	403.84%	17.17%	+386.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	218.74%	20.22%	+198.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	160.37%	23.57%	+136.80%

GSC vs. DGRS - Expense Ratio Comparison

GSC has a 0.75% expense ratio, which is higher than DGRS's 0.38% expense ratio.

Dividends

GSC vs. DGRS - Dividend Comparison

GSC's dividend yield for the trailing twelve months is around 0.13%, less than DGRS's 2.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	2.04%	2.68%	2.15%	2.36%	2.88%	2.19%	2.32%	2.39%	2.64%	1.90%	1.82%	2.55%
GSC Goldman Sachs Small Cap Core Equity ETF	0.13%	0.16%	0.66%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GSC and DGRS in my portfolio?

GSC and DGRS have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSC or DGRS?

GSC has higher volatility (4.73%) compared to DGRS (3.72%). In terms of maximum drawdown, GSC dropped -88.63% vs DGRS's -44.83%.

Which ETF is better, GSC or DGRS?

On 10-year performance, GSC leads with 12.86% vs 9.82% for DGRS. On fees, DGRS is cheaper at 0.38% per year. On volatility, DGRS has been the lower-risk option at 3.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSC or DGRS?

Over the 10-year period, GSC has performed better with a 12.86% return vs 9.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSC or DGRS?

DGRS is cheaper with a 0.38% expense ratio, compared with 0.75% for GSC.

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

DGRS has the higher dividend yield at 2.04%, compared with 0.13% for GSC.

What is the main difference between GSC and DGRS?

GSC is categorized as Small Cap Blend Equities, while DGRS is Quality Factor. They also come from different issuers: Goldman Sachs and WisdomTree. Their fees differ too: 0.75% for GSC and 0.38% for DGRS.

Which has better risk-adjusted returns?

DGRS currently has the higher Sharpe Ratio (1.69 vs 0.08), 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.