GSLC vs. GSST
GSLC (Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF) and GSST (Goldman Sachs Ultra Short Bond 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 GSST is a Ultrashort Bond fund actively managed by Goldman Sachs. GSLC is passively managed, while GSST is actively managed. Over the past 5 years, GSLC returned 13.05%/yr vs 3.75%/yr for GSST. At a 0.02 correlation, their price movements are largely independent. GSLC charges 0.09%/yr vs 0.16%/yr for GSST.
Performance
GSLC vs. GSST - Performance Comparison
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Returns By Period
In the year-to-date period, GSLC achieves a 9.23% return, which is significantly higher than GSST's 1.55% 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%
GSST
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 1.55%
- 6M
- 1.90%
- 1Y
- 4.64%
- 3Y*
- 5.52%
- 5Y*
- 3.75%
- 10Y*
- —
GSLC vs. GSST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 9.23% | 16.17% | 24.21% | 25.09% | -18.71% | 27.17% | 19.02% | 12.91% |
GSST Goldman Sachs Ultra Short Bond ETF | 1.55% | 5.20% | 6.01% | 6.08% | 0.13% | 0.05% | 1.74% | 2.65% |
Correlation
The correlation between GSLC and GSST is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2019 | 0.02 |
The correlation between GSLC and GSST shifts across timeframes, from 0.02 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GSLC vs. GSST — Risk / Return Rank
GSLC
GSST
GSLC vs. GSST - 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 Ultra Short Bond ETF (GSST). 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 | GSST | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.15 | 8.03 | -5.89 |
Sortino ratioReturn per unit of downside risk | 2.95 | 16.69 | -13.75 |
Omega ratioGain probability vs. loss probability | 1.39 | 3.96 | -2.58 |
Calmar ratioReturn relative to maximum drawdown | 2.70 | 30.24 | -27.54 |
Martin ratioReturn relative to average drawdown | 12.04 | 187.49 | -175.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GSLC | GSST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 8.03 | -5.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 5.99 | -5.20 |
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 | 3.79 | -2.96 |
Drawdowns
GSLC vs. GSST - Drawdown Comparison
The maximum GSLC drawdown since its inception was -33.69%, which is greater than GSST's maximum drawdown of -3.51%. Use the drawdown chart below to compare losses from any high point for GSLC and GSST.
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Drawdown Indicators
| GSLC | GSST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -3.51% | -30.18% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -0.15% | -9.34% |
Max Drawdown (3Y)Largest decline over 3 years | -18.66% | -0.25% | -18.41% |
Max Drawdown (5Y)Largest decline over 5 years | -24.90% | -1.19% | -23.71% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -0.16% | -4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 0.02% | +2.11% |
Volatility
GSLC vs. GSST - Volatility Comparison
Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) has a higher volatility of 2.65% compared to Goldman Sachs Ultra Short Bond ETF (GSST) at 0.13%. This indicates that GSLC's price experiences larger fluctuations and is considered to be riskier than GSST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSLC | GSST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 0.13% | +2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 8.82% | 0.41% | +8.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.70% | 0.58% | +11.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.62% | 0.63% | +15.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.68% | 0.86% | +16.82% |
GSLC vs. GSST - Expense Ratio Comparison
GSLC has a 0.09% expense ratio, which is lower than GSST's 0.16% 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. GSST - Dividend Comparison
GSLC's dividend yield for the trailing twelve months is around 0.92%, less than GSST's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GSST Goldman Sachs Ultra Short Bond ETF | 4.32% | 4.56% | 5.45% | 4.98% | 1.97% | 0.71% | 1.12% | 1.66% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GSLC and GSST have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSLC has higher volatility (2.65%) compared to GSST (0.13%). In terms of maximum drawdown, GSLC dropped -33.69% vs GSST's -3.51%.
On 5-year performance, GSLC leads with 13.05% vs 3.75% for GSST. On fees, GSLC is cheaper at 0.09% per year. On volatility, GSST has been the lower-risk option at 0.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSLC has performed better with a 13.05% return vs 3.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSLC is cheaper with a 0.09% expense ratio, compared with 0.16% for GSST.
GSST has the higher dividend yield at 4.32%, compared with 0.92% for GSLC.
GSLC is categorized as Large Cap Growth Equities, while GSST is Ultrashort Bond. Their fees differ too: 0.09% for GSLC and 0.16% for GSST.
GSST currently has the higher Sharpe Ratio (8.03 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.
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