GSEW vs. GSST
GSEW (Goldman Sachs Equal Weight U.S. Large Cap Equity ETF) and GSST (Goldman Sachs Ultra Short Bond ETF) are both exchange-traded funds - GSEW is a Large Cap Growth Equities fund tracking the Solactive US Large Cap Equal Weight Index, while GSST is a Ultrashort Bond fund actively managed by Goldman Sachs. GSEW is passively managed, while GSST is actively managed. Over the past 5 years, GSEW returned 8.63%/yr vs 3.75%/yr for GSST. At a 0.02 correlation, their price movements are largely independent. GSEW charges 0.09%/yr vs 0.16%/yr for GSST.
Performance
GSEW vs. GSST - Performance Comparison
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Returns By Period
In the year-to-date period, GSEW achieves a 9.52% return, which is significantly higher than GSST's 1.55% return.
GSEW
- 1D
- -0.66%
- 1M
- 3.19%
- YTD
- 9.52%
- 6M
- 9.82%
- 1Y
- 18.80%
- 3Y*
- 17.43%
- 5Y*
- 8.63%
- 10Y*
- —
GSST
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 1.55%
- 6M
- 1.88%
- 1Y
- 4.61%
- 3Y*
- 5.52%
- 5Y*
- 3.75%
- 10Y*
- —
GSEW vs. GSST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 9.52% | 11.97% | 16.89% | 17.80% | -17.54% | 25.43% | 16.28% | 11.51% |
GSST Goldman Sachs Ultra Short Bond ETF | 1.55% | 5.20% | 6.01% | 6.08% | 0.13% | 0.05% | 1.74% | 2.65% |
Correlation
The correlation between GSEW and GSST is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2019 | 0.02 |
The correlation between GSEW and GSST shifts across timeframes, from 0.02 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GSEW vs. GSST — Risk / Return Rank
GSEW
GSST
GSEW vs. GSST - 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 Ultra Short Bond ETF (GSST). 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 | GSST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.41 | ||
| Sortino ratioReturn per unit of downside risk | -14.35 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 3.94 | -2.67 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 29.99 | -27.54 |
| Martin ratioReturn relative to average drawdown | 9.35 | 185.54 | -176.19 |
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
| GSEW | GSST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 7.98 | -6.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 5.99 | -5.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 3.78 | -3.17 |
Drawdowns
GSEW vs. GSST - Drawdown Comparison
The maximum GSEW drawdown since its inception was -38.65%, which is greater than GSST's maximum drawdown of -3.51%. Use the drawdown chart below to compare losses from any high point for GSEW and GSST.
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Drawdown Indicators
| GSEW | GSST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.65% | -3.51% | -35.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.72% | -0.15% | -7.57% |
Max Drawdown (3Y)Largest decline over 3 years | -18.18% | -0.25% | -17.93% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -1.19% | -24.55% |
Current DrawdownCurrent decline from peak | -0.66% | 0.00% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -0.16% | -5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.02% | +2.00% |
Volatility
GSEW vs. GSST - Volatility Comparison
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) has a higher volatility of 2.76% compared to Goldman Sachs Ultra Short Bond ETF (GSST) at 0.13%. This indicates that GSEW's price experiences larger fluctuations and is considered to be riskier than GSST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSEW | GSST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 0.13% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.05% | 0.41% | +8.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.12% | 0.58% | +11.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 0.63% | +16.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 0.86% | +18.34% |
GSEW vs. GSST - Expense Ratio Comparison
GSEW has a 0.09% expense ratio, which is lower than GSST's 0.16% 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. GSST - Dividend Comparison
GSEW's dividend yield for the trailing twelve months is around 1.42%, less than GSST's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 1.42% | 1.52% | 1.46% | 1.64% | 1.74% | 1.34% | 1.53% | 1.66% | 1.56% | 0.54% |
GSST Goldman Sachs Ultra Short Bond ETF | 4.32% | 4.56% | 5.45% | 4.98% | 1.97% | 0.71% | 1.12% | 1.66% | 0.00% | 0.00% |
Frequently Asked Questions
GSEW and GSST have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSEW has higher volatility (2.76%) compared to GSST (0.13%). In terms of maximum drawdown, GSEW dropped -38.65% vs GSST's -3.51%.
On 5-year performance, GSEW leads with 8.63% vs 3.75% for GSST. On fees, GSEW is cheaper at 0.09% per year. On volatility, GSST has been the lower-risk option at 0.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSEW has performed better with a 8.63% return vs 3.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSEW is cheaper with a 0.09% expense ratio, compared with 0.16% for GSST.
GSST has the higher dividend yield at 4.32%, compared with 1.42% for GSEW.
GSEW is categorized as Large Cap Growth Equities, while GSST is Ultrashort Bond. Their fees differ too: 0.09% for GSEW and 0.16% for GSST.
GSST currently has the higher Sharpe Ratio (7.98 vs 1.56), 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.
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