GSGO vs. SPYG
GSGO (Goldman Sachs Growth Opportunities ETF) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both exchange-traded funds - GSGO is a Large Cap Growth Equities fund actively managed by Goldman Sachs, while SPYG is a S&P 500 fund tracking the S&P 500 Growth Index. GSGO is actively managed, while SPYG is passively managed. With a 0.97 correlation, they move nearly in lockstep. GSGO charges 0.45%/yr vs 0.04%/yr for SPYG.
Performance
GSGO vs. SPYG - Performance Comparison
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Returns By Period
In the year-to-date period, GSGO achieves a 8.99% return, which is significantly lower than SPYG's 11.38% return.
GSGO
- 1D
- -1.28%
- 1M
- -0.07%
- YTD
- 8.99%
- 6M
- 8.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYG
- 1D
- -0.71%
- 1M
- 0.34%
- YTD
- 11.38%
- 6M
- 11.00%
- 1Y
- 31.61%
- 3Y*
- 26.51%
- 5Y*
- 14.78%
- 10Y*
- 18.34%
GSGO vs. SPYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GSGO Goldman Sachs Growth Opportunities ETF | 8.99% | 0.81% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 11.38% | 1.96% |
Correlation
The correlation between GSGO and SPYG is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.97 |
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Return for Risk
GSGO vs. SPYG — Risk / Return Rank
GSGO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPYG
GSGO vs. SPYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Growth Opportunities ETF (GSGO) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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 | SPYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.31 | — |
| Martin ratioReturn relative to average drawdown | — | 9.21 | — |
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Drawdowns
GSGO vs. SPYG - Drawdown Comparison
The maximum GSGO drawdown since its inception was -13.88%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for GSGO and SPYG.
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Drawdown Indicators
| GSGO | SPYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.88% | -67.63% | +53.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.76% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.67% | — |
Current DrawdownCurrent decline from peak | -3.79% | -3.19% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -3.00% | -24.28% | +21.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.44% | — |
Volatility
GSGO vs. SPYG - Volatility Comparison
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Volatility by Period
| GSGO | SPYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.84% | 17.11% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.84% | 21.34% | -2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 20.74% | -1.90% |
GSGO vs. SPYG - Expense Ratio Comparison
GSGO has a 0.45% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Dividends
GSGO vs. SPYG - Dividend Comparison
GSGO has not paid dividends to shareholders, while SPYG's dividend yield for the trailing twelve months is around 0.60%.
| 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% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.60% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Frequently Asked Questions
With a correlation of 0.97, GSGO and SPYG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPYG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYG is cheaper with a 0.04% expense ratio, compared with 0.45% for GSGO.
SPYG has the higher dividend yield at 0.60%, compared with 0.00% for GSGO.
GSGO is categorized as Large Cap Growth Equities, while SPYG is S&P 500. They also come from different issuers: Goldman Sachs and State Street. Their fees differ too: 0.45% for GSGO and 0.04% for SPYG.
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