GSEW vs. AVIE

Last updated Jul 16, 2026

GSEW (Goldman Sachs Equal Weight U.S. Large Cap Equity ETF) and AVIE (Avantis Inflation Focused Equity ETF) are both Large Cap Blend Equities funds. GSEW is passively managed, while AVIE is actively managed. Over the past 3 years, GSEW returned 15.98%/yr vs 13.08%/yr for AVIE. A 0.68 correlation means they provide meaningful diversification when combined. GSEW charges 0.09%/yr vs 0.25%/yr for AVIE.

Performance

GSEW vs. AVIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) and Avantis Inflation Focused Equity ETF (AVIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSEW achieves a 11.74% return, which is significantly lower than AVIE's 15.52% return.

GSEW

• 1D: -0.28%
• 1M: 0.19%
• 6M: 7.85%
• YTD: 11.74%
• 1Y: 17.49%
• 3Y*: 15.98%
• 5Y*: 8.95%
• 10Y*: —

AVIE

• 1D: -0.66%
• 1M: 1.37%
• 6M: 11.05%
• YTD: 15.52%
• 1Y: 26.60%
• 3Y*: 13.08%
• 5Y*: —
• 10Y*: —

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

GSEW vs. AVIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	11.74%	11.97%	16.89%	17.80%	6.38%
AVIE Avantis Inflation Focused Equity ETF	15.52%	11.37%	6.17%	4.19%	15.20%

Correlation

The correlation between GSEW and AVIE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022	0.68

Over the past year, the correlation between GSEW and AVIE has dropped to 0.47 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

GSEW vs. AVIE - Sectors Allocation Comparison

Sectors	GSEW	AVIE
Technology	21.5%	0.1%
Industrials	15.5%	1.3%
Financial Services	14.1%	15.0%
Healthcare	11.3%	26.3%
Consumer Cyclical	9.4%	0.0%
Utilities	5.6%	0.0%
Consumer Defensive	5.5%	17.1%
Energy	4.6%	30.0%
Basic Materials	4.4%	9.8%
Real Estate	4.2%	0.1%
Communication Services	4.0%	-

Return for Risk

GSEW vs. AVIE — Risk / Return Rank

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

GSEW

GSEW Risk / Return Rank: 53
GSEW Sharpe Ratio Rank: 51
GSEW Sortino Ratio Rank: 51
GSEW Omega Ratio Rank: 48
GSEW Calmar Ratio Rank: 56
GSEW Martin Ratio Rank: 61

AVIE

AVIE Risk / Return Rank: 92
AVIE Sharpe Ratio Rank: 93
AVIE Sortino Ratio Rank: 94
AVIE Omega Ratio Rank: 91
AVIE Calmar Ratio Rank: 94
AVIE Martin Ratio Rank: 91

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.

GSEW vs. AVIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) and Avantis Inflation Focused Equity ETF (AVIE). 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.

	GSEW	AVIE	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.64	-1.21
Sortino ratio: Return per unit of downside risk	2.06	3.86	-1.81
Omega ratio: Gain probability vs. loss probability	1.25	1.47	-0.21
Calmar ratio: Return relative to maximum drawdown	2.28	5.38	-3.10
Martin ratio: Return relative to average drawdown	8.63	16.97	-8.34

GSEW vs. AVIE - Sharpe Ratio Comparison

The current GSEW Sharpe Ratio is 1.43, which is lower than the AVIE Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of GSEW and AVIE, 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

GSEW vs. AVIE - Drawdown Comparison

The maximum GSEW drawdown since its inception was -38.65%, which is greater than AVIE's maximum drawdown of -12.39%. Use the drawdown chart below to compare losses from any high point for GSEW and AVIE.

Drawdown Indicators

	GSEW	AVIE	Difference
Max Drawdown Largest peak-to-trough decline	-38.65%	-12.39%	-26.26%
Max Drawdown (1Y) Largest decline over 1 year	-7.72%	-4.97%	-2.75%
Max Drawdown (3Y) Largest decline over 3 years	-18.18%	-12.39%	-5.79%
Max Drawdown (5Y) Largest decline over 5 years	-25.74%	—	—
Current Drawdown Current decline from peak	-1.06%	-1.28%	+0.22%
Average Drawdown Average peak-to-trough decline	-5.82%	-2.96%	-2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	1.57%	+0.46%

Volatility

GSEW vs. AVIE - Volatility Comparison

The current volatility for Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) is 2.57%, while Avantis Inflation Focused Equity ETF (AVIE) has a volatility of 3.75%. This indicates that GSEW experiences smaller price fluctuations and is considered to be less risky than AVIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSEW	AVIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.57%	3.75%	-1.18%
Volatility (6M) Calculated over the trailing 6-month period	9.24%	7.54%	+1.70%
Volatility (1Y) Calculated over the trailing 1-year period	12.34%	10.23%	+2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	12.90%	+4.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.12%	12.90%	+6.22%

GSEW vs. AVIE - Expense Ratio Comparison

GSEW has a 0.09% expense ratio, which is lower than AVIE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GSEW vs. AVIE - Dividend Comparison

GSEW's dividend yield for the trailing twelve months is around 1.38%, less than AVIE's 1.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AVIE Avantis Inflation Focused Equity ETF	1.43%	1.75%	1.89%	3.72%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	1.38%	1.52%	1.46%	1.64%	1.74%	1.34%	1.53%	1.66%	1.56%	0.54%

Frequently Asked Questions

Can I hold both GSEW and AVIE in my portfolio?

GSEW and AVIE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSEW or AVIE?

AVIE has higher volatility (3.75%) compared to GSEW (2.57%). In terms of maximum drawdown, GSEW dropped -38.65% vs AVIE's -12.39%.

Which ETF is better, GSEW or AVIE?

On 3-year performance, GSEW leads with 15.98% vs 13.08% for AVIE. On fees, GSEW is cheaper at 0.09% per year. On volatility, GSEW has been the lower-risk option at 2.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSEW or AVIE?

Over the 3-year period, GSEW has performed better with a 15.98% return vs 13.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSEW or AVIE?

GSEW is cheaper with a 0.09% expense ratio, compared with 0.25% for AVIE.

Which ETF pays a higher dividend yield, GSEW or AVIE?

AVIE has the higher dividend yield at 1.43%, compared with 1.38% for GSEW.

What is the main difference between GSEW and AVIE?

They also come from different issuers: Goldman Sachs and Avantis. Their fees differ too: 0.09% for GSEW and 0.25% for AVIE.

Which has better risk-adjusted returns?

AVIE currently has the higher Sharpe Ratio (2.64 vs 1.43), 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.