PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
GSEW vs. RSP
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GSEW vs. RSP

Last updated Apr 2, 2026

Compare and contrast key facts about Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) and Invesco S&P 500 Equal Weight ETF (RSP).

GSEW and RSP 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. RSP is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Apr 24, 2003. Both GSEW and RSP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GSEW vs. RSP - 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 Invesco S&P 500 Equal Weight ETF (RSP). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

GSEW vs. RSP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GSEW
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF		0.15%11.97%16.89%17.80%-17.54%25.43%16.28%31.04%-8.11%7.67%
RSP
Invesco S&P 500 Equal Weight ETF		0.94%11.21%12.79%13.70%-11.62%29.41%12.66%28.91%-7.84%7.71%

Returns By Period

In the year-to-date period, GSEW achieves a 0.15% return, which is significantly lower than RSP's 0.94% return.

GSEW

1D
0.38%
1M
-5.12%
YTD
0.15%
6M
0.69%
1Y
13.18%
3Y*
14.03%
5Y*
7.88%
10Y*
—

RSP

1D
0.32%
1M
-5.49%
YTD
0.94%
6M
2.11%
1Y
12.90%
3Y*
11.84%
5Y*
7.88%
10Y*
11.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

Invesco S&P 500 Equal Weight ETF

Often compared with GSEW:
GSEW vs. EUSAGSEW vs. VOOGSEW vs. VUGGSEW vs. SWPPXGSEW vs. QUSGSEW vs. SCHGGSEW vs. QUAL
Often compared with RSP:
RSP vs. SPYRSP vs. VOORSP vs. VTIRSP vs. FXAIXRSP vs. IVVRSP vs. EUSARSP vs. XMAG

GSEW vs. RSP - Expense Ratio Comparison

GSEW has a 0.09% expense ratio, which is lower than RSP's 0.20% 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%.

RSP
Invesco S&P 500 Equal Weight ETF
GSEW
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

Return for Risk

GSEW vs. RSP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GSEW
GSEW Risk / Return Rank: 4141
Overall Rank
GSEW Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
GSEW Sortino Ratio Rank: 3939
Sortino Ratio Rank
GSEW Omega Ratio Rank: 4040
Omega Ratio Rank
GSEW Calmar Ratio Rank: 3939
Calmar Ratio Rank
GSEW Martin Ratio Rank: 4848
Martin Ratio Rank
RSP
RSP Risk / Return Rank: 4141
Overall Rank
RSP Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
RSP Sortino Ratio Rank: 3939
Sortino Ratio Rank
RSP Omega Ratio Rank: 4040
Omega Ratio Rank
RSP Calmar Ratio Rank: 3939
Calmar Ratio Rank
RSP Martin Ratio Rank: 4747
Martin Ratio Rank
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. RSP - 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 Invesco S&P 500 Equal Weight ETF (RSP). 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.

GSEWRSPDifference

Sharpe ratio

Return per unit of total volatility

0.75

0.75

-0.01

Sortino ratio

Return per unit of downside risk

1.16

1.17

-0.01

Omega ratio

Gain probability vs. loss probability

1.17

1.17

0.00

Calmar ratio

Return relative to maximum drawdown

1.06

1.04

+0.03

Martin ratio

Return relative to average drawdown

4.86

4.64

+0.22

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. RSP - Sharpe Ratio Comparison

The current GSEW Sharpe Ratio is 0.75, which is comparable to the RSP Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of GSEW and RSP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

GSEWRSPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.75

0.75

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.47

0.49

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.61

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.55

+0.01

Correlation

The correlation between GSEW and RSP is 0.97, 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.

Dividends

GSEW vs. RSP - Dividend Comparison

GSEW's dividend yield for the trailing twelve months is around 1.55%, less than RSP's 1.62% yield.

TTM20252024202320222021202020192018201720162015
GSEW
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF		1.55%1.52%1.46%1.64%1.74%1.34%1.53%1.66%1.56%0.54%0.00%0.00%
RSP
Invesco S&P 500 Equal Weight ETF		1.62%1.64%1.52%1.64%1.82%1.28%1.64%1.69%2.02%1.52%1.20%1.70%

Drawdowns

GSEW vs. RSP - Drawdown Comparison

The maximum GSEW drawdown since its inception was -38.65%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for GSEW and RSP.

Loading graphics...

Drawdown Indicators

GSEWRSPDifference

Max Drawdown

Largest peak-to-trough decline

-38.65%

-59.92%

+21.27%

Max Drawdown (1Y)

Largest decline over 1 year

-12.71%

-12.54%

-0.17%

Max Drawdown (5Y)

Largest decline over 5 years

-25.74%

-21.38%

-4.36%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.04%

—

Current Drawdown

Current decline from peak

-5.14%

-5.66%

+0.52%

Average Drawdown

Average peak-to-trough decline

-5.99%

-6.69%

+0.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.78%

2.80%

-0.02%

Volatility

GSEW vs. RSP - Volatility Comparison

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) has a higher volatility of 4.87% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 4.40%. This indicates that GSEW's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

GSEWRSPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.87%

4.40%

+0.47%

Volatility (6M)

Calculated over the trailing 6-month period

9.59%

8.84%

+0.75%

Volatility (1Y)

Calculated over the trailing 1-year period

17.69%

17.16%

+0.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.91%

16.20%

+0.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.32%

18.36%

+0.96%