GSGO vs. QWLD

Last updated Jun 23, 2026

GSGO (Goldman Sachs Growth Opportunities ETF) and QWLD (SPDR MSCI World StrategicFactors ETF) are both Large Cap Growth Equities funds. GSGO is actively managed, while QWLD is passively managed. A 0.73 correlation means they provide meaningful diversification when combined. GSGO charges 0.45%/yr vs 0.30%/yr for QWLD.

Performance

GSGO vs. QWLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Growth Opportunities ETF (GSGO) and SPDR MSCI World StrategicFactors ETF (QWLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSGO achieves a 8.99% return, which is significantly higher than QWLD's 6.01% return.

GSGO

• 1D: -1.28%
• 1M: -0.07%
• YTD: 8.99%
• 6M: 8.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QWLD

• 1D: -0.21%
• 1M: -0.86%
• YTD: 6.01%
• 6M: 6.01%
• 1Y: 17.56%
• 3Y*: 15.91%
• 5Y*: 10.02%
• 10Y*: 11.80%

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

GSGO vs. QWLD - Yearly Performance Comparison

	2026 (YTD)	2025
GSGO Goldman Sachs Growth Opportunities ETF	8.99%	0.81%
QWLD SPDR MSCI World StrategicFactors ETF	6.01%	2.03%

Correlation

The correlation between GSGO and QWLD is 0.73, 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 17, 2025	0.73

Return for Risk

GSGO vs. QWLD — Risk / Return Rank

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

GSGO

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

QWLD

QWLD Risk / Return Rank: 53
QWLD Sharpe Ratio Rank: 54
QWLD Sortino Ratio Rank: 55
QWLD Omega Ratio Rank: 52
QWLD Calmar Ratio Rank: 48
QWLD Martin Ratio Rank: 58

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. QWLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Growth Opportunities ETF (GSGO) and SPDR MSCI World StrategicFactors ETF (QWLD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GSGO	QWLD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.79	—
Sortino ratio: Return per unit of downside risk	—	2.56	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.30	—
Martin ratio: Return relative to average drawdown	—	9.94	—

Drawdowns

GSGO vs. QWLD - Drawdown Comparison

The maximum GSGO drawdown since its inception was -13.88%, smaller than the maximum QWLD drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for GSGO and QWLD.

Drawdown Indicators

	GSGO	QWLD	Difference
Max Drawdown Largest peak-to-trough decline	-13.88%	-31.89%	+18.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.66%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.89%	—
Current Drawdown Current decline from peak	-3.79%	-1.25%	-2.54%
Average Drawdown Average peak-to-trough decline	-3.00%	-3.69%	+0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.77%	—

Volatility

Volatility by Period

	GSGO	QWLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.84%	9.84%	+9.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.84%	13.54%	+5.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.84%	15.20%	+3.64%

GSGO vs. QWLD - Expense Ratio Comparison

GSGO has a 0.45% expense ratio, which is higher than QWLD's 0.30% expense ratio.

Dividends

GSGO vs. QWLD - Dividend Comparison

GSGO has not paid dividends to shareholders, while QWLD's dividend yield for the trailing twelve months is around 1.84%.

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%
QWLD SPDR MSCI World StrategicFactors ETF	1.84%	1.85%	1.74%	1.78%	2.02%	1.77%	1.77%	2.13%	2.33%	2.73%	2.22%	3.42%

Frequently Asked Questions

Can I hold both GSGO and QWLD in my portfolio?

GSGO and QWLD have a correlation of 0.73, 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 QWLD?

On fees, QWLD is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GSGO or QWLD?

QWLD is cheaper with a 0.30% expense ratio, compared with 0.45% for GSGO.

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

QWLD has the higher dividend yield at 1.84%, compared with 0.00% for GSGO.

What is the main difference between GSGO and QWLD?

They also come from different issuers: Goldman Sachs and State Street. Their fees differ too: 0.45% for GSGO and 0.30% for QWLD.