GSLC vs. GBIL

Last updated Jun 3, 2026

GSLC (Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF) and GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) are both exchange-traded funds - GSLC is a Large Cap Growth Equities fund tracking the Goldman Sachs ActiveBeta U.S. Large Cap Equity Index, while GBIL is a Government Bonds fund tracking the FTSE US Treasury 0-1 Year Composite Select Index. Both are passively managed. Over the past 5 years, GSLC returned 13.05%/yr vs 3.31%/yr for GBIL. At a correlation of -0.02, they often move in opposite directions. GSLC charges 0.09%/yr vs 0.12%/yr for GBIL.

Performance

GSLC vs. GBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSLC achieves a 9.23% return, which is significantly higher than GBIL's 1.40% return.

GSLC

• 1D: 0.14%
• 1M: 4.85%
• YTD: 9.23%
• 6M: 9.80%
• 1Y: 24.99%
• 3Y*: 21.12%
• 5Y*: 13.05%
• 10Y*: 14.72%

GBIL

• 1D: 0.00%
• 1M: 0.26%
• YTD: 1.40%
• 6M: 1.73%
• 1Y: 3.89%
• 3Y*: 4.63%
• 5Y*: 3.31%
• 10Y*: —

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

GSLC vs. GBIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	9.23%	16.17%	24.21%	25.09%	-18.71%	27.17%	19.02%	30.74%	-4.07%	22.49%
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	1.40%	4.12%	5.24%	4.91%	1.05%	-0.08%	0.79%	2.31%	1.78%	0.69%

Correlation

The correlation between GSLC and GBIL is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since Sep 9, 2016	-0.02

Return for Risk

GSLC vs. GBIL — Risk / Return Rank

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

GSLC

GSLC Risk / Return Rank: 62
GSLC Sharpe Ratio Rank: 63
GSLC Sortino Ratio Rank: 63
GSLC Omega Ratio Rank: 63
GSLC Calmar Ratio Rank: 54
GSLC Martin Ratio Rank: 65

GBIL

GBIL Risk / Return Rank: 100
GBIL Sharpe Ratio Rank: 100
GBIL Sortino Ratio Rank: 100
GBIL Omega Ratio Rank: 100
GBIL Calmar Ratio Rank: 100
GBIL Martin Ratio Rank: 100

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.

GSLC vs. GBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). 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.

	GSLC	GBIL	Difference
Sharpe ratio Return per unit of total volatility	2.15	16.76	-14.62
Sortino ratio Return per unit of downside risk	2.95	102.35	-99.41
Omega ratio Gain probability vs. loss probability	1.39	39.22	-37.84
Calmar ratio Return relative to maximum drawdown	2.70	195.38	-192.68
Martin ratio Return relative to average drawdown	12.04	1,603.24	-1,591.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSLC vs. GBIL - Sharpe Ratio Comparison

The current GSLC Sharpe Ratio is 2.15, which is lower than the GBIL Sharpe Ratio of 16.76. The chart below compares the historical Sharpe Ratios of GSLC and GBIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GSLC	GBIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	16.76	-14.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	5.77	-4.98
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	4.87	-4.05

Drawdowns

GSLC vs. GBIL - Drawdown Comparison

The maximum GSLC drawdown since its inception was -33.69%, which is greater than GBIL's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for GSLC and GBIL.

Drawdown Indicators

	GSLC	GBIL	Difference
Max Drawdown Largest peak-to-trough decline	-33.69%	-0.76%	-32.93%
Max Drawdown (1Y) Largest decline over 1 year	-9.49%	-0.02%	-9.47%
Max Drawdown (3Y) Largest decline over 3 years	-18.66%	-0.76%	-17.90%
Max Drawdown (5Y) Largest decline over 5 years	-24.90%	-0.76%	-24.14%
Max Drawdown (10Y) Largest decline over 10 years	-33.69%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.39%	-0.04%	-4.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	0.00%	+2.13%

Volatility

GSLC vs. GBIL - Volatility Comparison

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) has a higher volatility of 2.65% compared to Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) at 0.04%. This indicates that GSLC's price experiences larger fluctuations and is considered to be riskier than GBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSLC	GBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	0.04%	+2.61%
Volatility (6M) Calculated over the trailing 6-month period	8.82%	0.14%	+8.68%
Volatility (1Y) Calculated over the trailing 1-year period	11.70%	0.23%	+11.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.62%	0.58%	+16.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.68%	0.47%	+17.21%

GSLC vs. GBIL - Expense Ratio Comparison

GSLC has a 0.09% expense ratio, which is lower than GBIL's 0.12% 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%.

Dividends

GSLC vs. GBIL - Dividend Comparison

GSLC's dividend yield for the trailing twelve months is around 0.92%, less than GBIL's 3.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	3.74%	4.02%	4.93%	4.77%	1.37%	0.00%	0.81%	2.20%	1.70%	0.74%	0.11%	0.00%
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	0.92%	1.00%	1.11%	1.38%	1.61%	1.06%	1.35%	1.54%	1.89%	1.69%	1.69%	0.36%

Frequently Asked Questions

Can I hold both GSLC and GBIL in my portfolio?

GSLC and GBIL have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSLC or GBIL?

GSLC has higher volatility (2.65%) compared to GBIL (0.04%). In terms of maximum drawdown, GSLC dropped -33.69% vs GBIL's -0.76%.

Which ETF is better, GSLC or GBIL?

On 5-year performance, GSLC leads with 13.05% vs 3.31% for GBIL. On fees, GSLC is cheaper at 0.09% per year. On volatility, GBIL has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSLC or GBIL?

Over the 5-year period, GSLC has performed better with a 13.05% return vs 3.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSLC or GBIL?

GSLC is cheaper with a 0.09% expense ratio, compared with 0.12% for GBIL.

Which ETF pays a higher dividend yield, GSLC or GBIL?

GBIL has the higher dividend yield at 3.74%, compared with 0.92% for GSLC.

What is the main difference between GSLC and GBIL?

GSLC is categorized as Large Cap Growth Equities, while GBIL is Government Bonds. GSLC tracks Goldman Sachs ActiveBeta U.S. Large Cap Equity Index, while GBIL tracks FTSE US Treasury 0-1 Year Composite Select Index. Their fees differ too: 0.09% for GSLC and 0.12% for GBIL.

Which has better risk-adjusted returns?

GBIL currently has the higher Sharpe Ratio (16.76 vs 2.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.