GSGO vs. GSEW

Last updated Jun 6, 2026

GSGO (Goldman Sachs Growth Opportunities ETF) and GSEW (Goldman Sachs Equal Weight U.S. Large Cap Equity ETF) are both Large Cap Growth Equities funds from Goldman Sachs. GSGO is actively managed, while GSEW is passively managed. A 0.68 correlation means they provide meaningful diversification when combined. GSGO charges 0.45%/yr vs 0.09%/yr for GSEW.

Performance

GSGO vs. GSEW - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with GSGO having a 8.99% return and GSEW slightly lower at 8.86%.

GSGO

• 1D: -3.46%
• 1M: 2.75%
• YTD: 8.99%
• 6M: 7.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GSEW

• 1D: -1.58%
• 1M: 0.96%
• YTD: 8.86%
• 6M: 8.58%
• 1Y: 18.15%
• 3Y*: 17.09%
• 5Y*: 8.50%
• 10Y*: —

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

GSGO vs. GSEW - Yearly Performance Comparison

	2026 (YTD)	2025
GSGO Goldman Sachs Growth Opportunities ETF	8.99%	1.36%
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	8.86%	3.85%

Correlation

The correlation between GSGO and GSEW is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.68

Return for Risk

GSGO vs. GSEW — Risk / Return Rank

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

GSEW

GSEW Risk / Return Rank: 47
GSEW Sharpe Ratio Rank: 44
GSEW Sortino Ratio Rank: 44
GSEW Omega Ratio Rank: 41
GSEW Calmar Ratio Rank: 50
GSEW Martin Ratio Rank: 54

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.

GSGO vs. GSEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Growth Opportunities ETF (GSGO) and Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GSGO	GSEW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.49	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	0.61	+0.49

Drawdowns

GSGO vs. GSEW - Drawdown Comparison

The maximum GSGO drawdown since its inception was -13.88%, smaller than the maximum GSEW drawdown of -38.65%. Use the drawdown chart below to compare losses from any high point for GSGO and GSEW.

Drawdown Indicators

	GSGO	GSEW	Difference
Max Drawdown Largest peak-to-trough decline	-13.88%	-38.65%	+24.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.72%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.74%	—
Current Drawdown Current decline from peak	-3.79%	-1.58%	-2.21%
Average Drawdown Average peak-to-trough decline	-2.94%	-5.89%	+2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.02%	—

Volatility

Volatility by Period

	GSGO	GSEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.46%	12.25%	+6.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.46%	16.93%	+1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.46%	19.20%	-0.74%

GSGO vs. GSEW - Expense Ratio Comparison

GSGO has a 0.45% expense ratio, which is higher than GSEW's 0.09% expense ratio.

Dividends

GSGO vs. GSEW - Dividend Comparison

GSGO has not paid dividends to shareholders, while GSEW's dividend yield for the trailing twelve months is around 1.43%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	1.43%	1.52%	1.46%	1.64%	1.74%	1.34%	1.53%	1.66%	1.56%	0.54%
GSGO Goldman Sachs Growth Opportunities ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GSGO and GSEW in my portfolio?

GSGO and GSEW have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GSGO or GSEW?

On fees, GSEW is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GSGO or GSEW?

GSEW is cheaper with a 0.09% expense ratio, compared with 0.45% for GSGO.

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

GSEW has the higher dividend yield at 1.43%, compared with 0.00% for GSGO.

What is the main difference between GSGO and GSEW?

Their fees differ too: 0.45% for GSGO and 0.09% for GSEW.