GSC vs. OVS
Compare and contrast key facts about Goldman Sachs Small Cap Core Equity ETF (GSC) and Overlay Shares Small Cap Equity ETF (OVS).
GSC and OVS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSC is an actively managed fund by Goldman Sachs. It was launched on Oct 3, 2023. OVS is an actively managed fund by Liquid Strategies. It was launched on Sep 30, 2019.
Performance
GSC vs. OVS - Performance Comparison
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GSC vs. OVS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GSC Goldman Sachs Small Cap Core Equity ETF | 0.60% | 6.29% | 13.79% | 33.52% | 28.40% | 58.09% | -33.08% | 15.08% |
OVS Overlay Shares Small Cap Equity ETF | 4.70% | 6.15% | 11.07% | 17.20% | -19.99% | 30.15% | 12.16% | 11.51% |
Returns By Period
In the year-to-date period, GSC achieves a 0.60% return, which is significantly lower than OVS's 4.70% return.
GSC
- 1D
- 4.03%
- 1M
- -6.15%
- YTD
- 0.60%
- 6M
- 2.68%
- 1Y
- 17.46%
- 3Y*
- 20.49%
- 5Y*
- 28.12%
- 10Y*
- 11.14%
OVS
- 1D
- 3.03%
- 1M
- -3.86%
- YTD
- 4.70%
- 6M
- 6.98%
- 1Y
- 23.91%
- 3Y*
- 12.01%
- 5Y*
- 4.50%
- 10Y*
- —
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GSC vs. OVS - Expense Ratio Comparison
GSC has a 0.75% expense ratio, which is lower than OVS's 0.83% expense ratio.
Return for Risk
GSC vs. OVS — Risk / Return Rank
GSC
OVS
GSC vs. OVS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Small Cap Core Equity ETF (GSC) and Overlay Shares Small Cap Equity ETF (OVS). 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.
| GSC | OVS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.04 | 0.96 | -0.92 |
Sortino ratioReturn per unit of downside risk | 3.79 | 1.48 | +2.31 |
Omega ratioGain probability vs. loss probability | 1.92 | 1.20 | +0.72 |
Calmar ratioReturn relative to maximum drawdown | 0.30 | 1.56 | -1.26 |
Martin ratioReturn relative to average drawdown | 1.01 | 6.45 | -5.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GSC | OVS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | 0.96 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.19 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.37 | -0.38 |
Correlation
The correlation between GSC and OVS is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GSC vs. OVS - Dividend Comparison
GSC's dividend yield for the trailing twelve months is around 0.19%, less than OVS's 6.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GSC Goldman Sachs Small Cap Core Equity ETF | 0.19% | 0.16% | 0.66% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% |
OVS Overlay Shares Small Cap Equity ETF | 6.32% | 3.69% | 4.08% | 3.19% | 3.43% | 4.05% | 1.74% | 0.54% |
Drawdowns
GSC vs. OVS - Drawdown Comparison
The maximum GSC drawdown since its inception was -88.63%, which is greater than OVS's maximum drawdown of -45.09%. Use the drawdown chart below to compare losses from any high point for GSC and OVS.
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Drawdown Indicators
| GSC | OVS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -45.09% | -43.54% |
Max Drawdown (1Y)Largest decline over 1 year | -58.25% | -15.95% | -42.30% |
Max Drawdown (5Y)Largest decline over 5 years | -58.25% | -30.49% | -27.76% |
Max Drawdown (10Y)Largest decline over 10 years | -66.06% | — | — |
Current DrawdownCurrent decline from peak | -40.25% | -5.40% | -34.85% |
Average DrawdownAverage peak-to-trough decline | -59.52% | -11.63% | -47.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.28% | 3.85% | +13.43% |
Volatility
GSC vs. OVS - Volatility Comparison
Goldman Sachs Small Cap Core Equity ETF (GSC) has a higher volatility of 8.12% compared to Overlay Shares Small Cap Equity ETF (OVS) at 6.99%. This indicates that GSC's price experiences larger fluctuations and is considered to be riskier than OVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSC | OVS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 6.99% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 313.02% | 14.80% | +298.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 410.88% | 24.98% | +385.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 219.28% | 23.35% | +195.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 160.40% | 27.72% | +132.68% |