GSGO vs. PFM
GSGO (Goldman Sachs Growth Opportunities ETF) and PFM (Invesco Dividend Achievers™ ETF) are both Large Cap Growth Equities funds. GSGO is actively managed, while PFM is passively managed. A 0.62 correlation means they provide meaningful diversification when combined. GSGO charges 0.45%/yr vs 0.53%/yr for PFM.
Performance
GSGO vs. PFM - Performance Comparison
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Returns By Period
In the year-to-date period, GSGO achieves a 8.99% return, which is significantly higher than PFM's 7.32% return.
GSGO
- 1D
- -3.46%
- 1M
- 2.75%
- YTD
- 8.99%
- 6M
- 7.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PFM
- 1D
- -1.11%
- 1M
- 1.44%
- YTD
- 7.32%
- 6M
- 7.15%
- 1Y
- 19.01%
- 3Y*
- 16.07%
- 5Y*
- 10.46%
- 10Y*
- 11.66%
GSGO vs. PFM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GSGO Goldman Sachs Growth Opportunities ETF | 8.99% | 1.36% |
PFM Invesco Dividend Achievers™ ETF | 7.32% | 2.51% |
Correlation
The correlation between GSGO and PFM is 0.62, 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 | 0.62 |
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Return for Risk
GSGO vs. PFM — Risk / Return Rank
GSGO
PFM
GSGO vs. PFM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Growth Opportunities ETF (GSGO) and Invesco Dividend Achievers™ ETF (PFM). 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.
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Sharpe Ratios by Period
| GSGO | PFM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.00 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.78 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.52 | +0.57 |
Drawdowns
GSGO vs. PFM - Drawdown Comparison
The maximum GSGO drawdown since its inception was -13.88%, smaller than the maximum PFM drawdown of -53.21%. Use the drawdown chart below to compare losses from any high point for GSGO and PFM.
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Drawdown Indicators
| GSGO | PFM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.88% | -53.21% | +39.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.09% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.22% | — |
Current DrawdownCurrent decline from peak | -3.79% | -1.11% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -6.94% | +4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.75% | — |
Volatility
GSGO vs. PFM - Volatility Comparison
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Volatility by Period
| GSGO | PFM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.46% | 9.53% | +8.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 13.54% | +4.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 15.21% | +3.25% |
GSGO vs. PFM - Expense Ratio Comparison
GSGO has a 0.45% expense ratio, which is lower than PFM's 0.53% expense ratio.
Dividends
GSGO vs. PFM - Dividend Comparison
GSGO has not paid dividends to shareholders, while PFM's dividend yield for the trailing twelve months is around 1.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
PFM Invesco Dividend Achievers™ ETF | 1.34% | 1.41% | 1.58% | 1.86% | 1.95% | 1.69% | 1.92% | 1.94% | 2.27% | 1.70% | 2.56% | 2.36% |
Frequently Asked Questions
GSGO and PFM have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GSGO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GSGO is cheaper with a 0.45% expense ratio, compared with 0.53% for PFM.
PFM has the higher dividend yield at 1.34%, compared with 0.00% for GSGO.
They also come from different issuers: Goldman Sachs and Invesco. Their fees differ too: 0.45% for GSGO and 0.53% for PFM.
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