GSEW vs. GBIL

Last updated Jun 5, 2026

GSEW (Goldman Sachs Equal Weight U.S. Large Cap Equity ETF) and GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) are both exchange-traded funds - GSEW is a Large Cap Growth Equities fund tracking the Solactive US Large Cap Equal Weight Index, while GBIL is a Government Bonds fund tracking the FTSE US Treasury 0-1 Year Composite Select Index. Both are passively managed. Over the past 5 years, GSEW returned 8.84%/yr vs 3.32%/yr for GBIL. At a correlation of -0.03, they often move in opposite directions. GSEW charges 0.09%/yr vs 0.12%/yr for GBIL.

Performance

GSEW vs. GBIL - 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 Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSEW achieves a 10.61% return, which is significantly higher than GBIL's 1.44% return.

GSEW

• 1D: 0.99%
• 1M: 3.38%
• YTD: 10.61%
• 6M: 10.52%
• 1Y: 19.76%
• 3Y*: 17.95%
• 5Y*: 8.84%
• 10Y*: —

GBIL

• 1D: 0.02%
• 1M: 0.29%
• YTD: 1.44%
• 6M: 1.75%
• 1Y: 3.89%
• 3Y*: 4.64%
• 5Y*: 3.32%
• 10Y*: —

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

GSEW vs. GBIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	10.61%	11.97%	16.89%	17.80%	-17.54%	25.43%	16.28%	31.04%	-8.11%	7.67%
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	1.44%	4.12%	5.24%	4.91%	1.05%	-0.08%	0.79%	2.31%	1.78%	0.26%

Correlation

The correlation between GSEW and GBIL is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since Sep 15, 2017	-0.03

Return for Risk

GSEW vs. GBIL — Risk / Return Rank

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

GSEW

GSEW Risk / Return Rank: 51
GSEW Sharpe Ratio Rank: 48
GSEW Sortino Ratio Rank: 48
GSEW Omega Ratio Rank: 46
GSEW Calmar Ratio Rank: 53
GSEW Martin Ratio Rank: 57

GBIL

GBIL Risk / Return Rank: 100
GBIL Sharpe Ratio Rank: 100
GBIL Sortino Ratio Rank: 100
GBIL Omega Ratio Rank: 100
GBIL Calmar Ratio Rank: 100
GBIL Martin Ratio Rank: 100

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. GBIL - 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 Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). 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.

	GSEW	GBIL	Difference
Sharpe ratio: Return per unit of total volatility	1.64	16.89	-15.25
Sortino ratio: Return per unit of downside risk	2.34	102.35	-100.02
Omega ratio: Gain probability vs. loss probability	1.29	39.22	-37.94
Calmar ratio: Return relative to maximum drawdown	2.57	195.39	-192.82
Martin ratio: Return relative to average drawdown	9.83	1,656.50	-1,646.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSEW vs. GBIL - Sharpe Ratio Comparison

The current GSEW Sharpe Ratio is 1.64, which is lower than the GBIL Sharpe Ratio of 16.89. The chart below compares the historical Sharpe Ratios of GSEW and GBIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GSEW	GBIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	16.89	-15.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	5.78	-5.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	4.88	-4.25

Drawdowns

GSEW vs. GBIL - Drawdown Comparison

The maximum GSEW drawdown since its inception was -38.65%, which is greater than GBIL's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for GSEW and GBIL.

Drawdown Indicators

	GSEW	GBIL	Difference
Max Drawdown Largest peak-to-trough decline	-38.65%	-0.76%	-37.89%
Max Drawdown (1Y) Largest decline over 1 year	-7.72%	-0.02%	-7.70%
Max Drawdown (3Y) Largest decline over 3 years	-18.18%	-0.76%	-17.42%
Max Drawdown (5Y) Largest decline over 5 years	-25.74%	-0.76%	-24.98%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.89%	-0.04%	-5.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	0.00%	+2.02%

Volatility

GSEW vs. GBIL - Volatility Comparison

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) has a higher volatility of 2.82% compared to Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) at 0.04%. This indicates that GSEW's price experiences larger fluctuations and is considered to be riskier than GBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSEW	GBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	0.04%	+2.78%
Volatility (6M) Calculated over the trailing 6-month period	9.09%	0.14%	+8.95%
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	0.23%	+11.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	0.58%	+16.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.19%	0.47%	+18.72%

GSEW vs. GBIL - Expense Ratio Comparison

GSEW has a 0.09% expense ratio, which is lower than GBIL's 0.12% 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. GBIL - Dividend Comparison

GSEW's dividend yield for the trailing twelve months is around 1.41%, less than GBIL's 3.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	3.74%	4.02%	4.93%	4.77%	1.37%	0.00%	0.81%	2.20%	1.70%	0.74%	0.11%
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	1.41%	1.52%	1.46%	1.64%	1.74%	1.34%	1.53%	1.66%	1.56%	0.54%	0.00%

Frequently Asked Questions

Can I hold both GSEW and GBIL in my portfolio?

GSEW and GBIL have a correlation of 0.05, 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 GBIL?

GSEW has higher volatility (2.82%) compared to GBIL (0.04%). In terms of maximum drawdown, GSEW dropped -38.65% vs GBIL's -0.76%.

Which ETF is better, GSEW or GBIL?

On 5-year performance, GSEW leads with 8.84% vs 3.32% for GBIL. On fees, GSEW is cheaper at 0.09% per year. On volatility, GBIL has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSEW or GBIL?

Over the 5-year period, GSEW has performed better with a 8.84% return vs 3.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSEW or GBIL?

GSEW is cheaper with a 0.09% expense ratio, compared with 0.12% for GBIL.

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

GBIL has the higher dividend yield at 3.74%, compared with 1.41% for GSEW.

What is the main difference between GSEW and GBIL?

GSEW is categorized as Large Cap Growth Equities, while GBIL is Government Bonds. GSEW tracks Solactive US Large Cap Equal Weight Index, while GBIL tracks FTSE US Treasury 0-1 Year Composite Select Index. Their fees differ too: 0.09% for GSEW and 0.12% for GBIL.

Which has better risk-adjusted returns?

GBIL currently has the higher Sharpe Ratio (16.89 vs 1.64), 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.