GSC vs. QQQS

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs Small Cap Core Equity ETF (GSC) and Invesco NASDAQ Future Gen 200 ETF (QQQS).

GSC and QQQS 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. QQQS is a passively managed fund by Invesco that tracks the performance of the Nasdaq Innovators Completion Cap Total Return Index. It was launched on Oct 13, 2022.

Performance

GSC vs. QQQS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Small Cap Core Equity ETF (GSC) and Invesco NASDAQ Future Gen 200 ETF (QQQS). The values are adjusted to include any dividend payments, if applicable.

GSC vs. QQQS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GSC Goldman Sachs Small Cap Core Equity ETF	0.60%	6.29%	13.79%	33.52%	7.56%
QQQS Invesco NASDAQ Future Gen 200 ETF	-0.97%	23.03%	10.20%	-1.94%	6.56%

Returns By Period

In the year-to-date period, GSC achieves a 0.60% return, which is significantly higher than QQQS's -0.97% 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%

QQQS

• 1D: 4.87%
• 1M: -6.39%
• YTD: -0.97%
• 6M: 2.84%
• 1Y: 49.21%
• 3Y*: 8.27%
• 5Y*: —
• 10Y*: —

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

GSC vs. QQQS - Expense Ratio Comparison

GSC has a 0.75% expense ratio, which is higher than QQQS's 0.20% expense ratio.

GSC

Goldman Sachs Small Cap Core Equity ETF

QQQS

Invesco NASDAQ Future Gen 200 ETF

Return for Risk

GSC vs. QQQS — Risk / Return Rank

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

GSC

GSC Risk / Return Rank: 49
GSC Sharpe Ratio Rank: 13
GSC Sortino Ratio Rank: 97
GSC Omega Ratio Rank: 98
GSC Calmar Ratio Rank: 18
GSC Martin Ratio Rank: 19

QQQS

QQQS Risk / Return Rank: 84
QQQS Sharpe Ratio Rank: 84
QQQS Sortino Ratio Rank: 85
QQQS Omega Ratio Rank: 76
QQQS Calmar Ratio Rank: 89
QQQS Martin Ratio Rank: 86

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. QQQS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Small Cap Core Equity ETF (GSC) and Invesco NASDAQ Future Gen 200 ETF (QQQS). 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	QQQS	Difference
Sharpe ratio Return per unit of total volatility	0.04	1.61	-1.57
Sortino ratio Return per unit of downside risk	3.79	2.20	+1.59
Omega ratio Gain probability vs. loss probability	1.92	1.28	+0.64
Calmar ratio Return relative to maximum drawdown	0.30	2.81	-2.51
Martin ratio Return relative to average drawdown	1.01	9.71	-8.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSC vs. QQQS - Sharpe Ratio Comparison

The current GSC Sharpe Ratio is 0.04, which is lower than the QQQS Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of GSC and QQQS, 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

	GSC	QQQS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	1.61	-1.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	—	—
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	0.36	-0.37

Correlation

The correlation between GSC and QQQS is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GSC vs. QQQS - Dividend Comparison

GSC's dividend yield for the trailing twelve months is around 0.19%, less than QQQS's 3.51% yield.

	TTM	2025	2024	2023	2022
GSC Goldman Sachs Small Cap Core Equity ETF	0.19%	0.16%	0.66%	0.11%	0.00%
QQQS Invesco NASDAQ Future Gen 200 ETF	3.51%	3.48%	0.80%	0.68%	0.04%

Drawdowns

GSC vs. QQQS - Drawdown Comparison

The maximum GSC drawdown since its inception was -88.63%, which is greater than QQQS's maximum drawdown of -38.06%. Use the drawdown chart below to compare losses from any high point for GSC and QQQS.

Drawdown Indicators

	GSC	QQQS	Difference
Max Drawdown Largest peak-to-trough decline	-88.63%	-38.06%	-50.57%
Max Drawdown (1Y) Largest decline over 1 year	-58.25%	-16.53%	-41.72%
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	-40.25%	-9.42%	-30.83%
Average Drawdown Average peak-to-trough decline	-59.52%	-13.84%	-45.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.28%	4.78%	+12.50%

Volatility

GSC vs. QQQS - Volatility Comparison

The current volatility for Goldman Sachs Small Cap Core Equity ETF (GSC) is 8.12%, while Invesco NASDAQ Future Gen 200 ETF (QQQS) has a volatility of 10.32%. This indicates that GSC experiences smaller price fluctuations and is considered to be less risky than QQQS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSC	QQQS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.12%	10.32%	-2.20%
Volatility (6M) Calculated over the trailing 6-month period	313.02%	19.93%	+293.09%
Volatility (1Y) Calculated over the trailing 1-year period	410.88%	30.79%	+380.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	219.28%	28.42%	+190.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	160.40%	28.42%	+131.98%