GSEW vs. QUAL
Compare and contrast key facts about Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) and iShares Edge MSCI USA Quality Factor ETF (QUAL).
GSEW and QUAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSEW is a passively managed fund by Goldman Sachs that tracks the performance of the Solactive US Large Cap Equal Weight Index. It was launched on Sep 12, 2017. QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality Index. It was launched on Jul 16, 2013. Both GSEW and QUAL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSEW or QUAL.
Key characteristics
| GSEW | QUAL | |
|---|---|---|
| YTD Return | 22.42% | 26.15% |
| 1Y Return | 37.89% | 35.19% |
| 3Y Return (Ann) | 5.75% | 9.68% |
| 5Y Return (Ann) | 12.63% | 15.49% |
| Sharpe Ratio | 3.33 | 2.95 |
| Sortino Ratio | 4.62 | 4.06 |
| Omega Ratio | 1.60 | 1.55 |
| Calmar Ratio | 2.67 | 4.90 |
| Martin Ratio | 21.27 | 18.75 |
| Ulcer Index | 1.87% | 1.99% |
| Daily Std Dev | 11.90% | 12.59% |
| Max Drawdown | -38.65% | -34.06% |
| Current Drawdown | 0.00% | -0.09% |
Correlation
The correlation between GSEW and QUAL is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GSEW vs. QUAL - Performance Comparison
In the year-to-date period, GSEW achieves a 22.42% return, which is significantly lower than QUAL's 26.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GSEW vs. QUAL - Expense Ratio Comparison
GSEW has a 0.09% expense ratio, which is lower than QUAL's 0.15% 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%.
Risk-Adjusted Performance
GSEW vs. QUAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) and iShares Edge MSCI USA Quality Factor ETF (QUAL). 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.
Dividends
GSEW vs. QUAL - Dividend Comparison
GSEW's dividend yield for the trailing twelve months is around 1.43%, more than QUAL's 0.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 1.43% | 1.64% | 1.73% | 1.34% | 1.53% | 1.65% | 1.56% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
QUAL iShares Edge MSCI USA Quality Factor ETF | 0.98% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% | 1.35% | 0.63% |
Drawdowns
GSEW vs. QUAL - Drawdown Comparison
The maximum GSEW drawdown since its inception was -38.65%, which is greater than QUAL's maximum drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for GSEW and QUAL. For additional features, visit the drawdowns tool.
Volatility
GSEW vs. QUAL - Volatility Comparison
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) and iShares Edge MSCI USA Quality Factor ETF (QUAL) have volatilities of 3.74% and 3.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.