GSLC vs. SPY
Compare and contrast key facts about Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) and SPDR S&P 500 ETF (SPY).
GSLC and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSLC is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta U.S. Large Cap Equity Index. It was launched on Sep 17, 2015. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both GSLC and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSLC or SPY.
Key characteristics
| GSLC | SPY | |
|---|---|---|
| YTD Return | 26.19% | 26.01% |
| 1Y Return | 34.17% | 33.73% |
| 3Y Return (Ann) | 9.31% | 9.91% |
| 5Y Return (Ann) | 14.94% | 15.54% |
| Sharpe Ratio | 2.84 | 2.82 |
| Sortino Ratio | 3.82 | 3.76 |
| Omega Ratio | 1.53 | 1.53 |
| Calmar Ratio | 4.13 | 4.05 |
| Martin Ratio | 18.08 | 18.33 |
| Ulcer Index | 1.90% | 1.86% |
| Daily Std Dev | 12.10% | 12.07% |
| Max Drawdown | -33.69% | -55.19% |
| Current Drawdown | -0.91% | -0.90% |
Correlation
The correlation between GSLC and SPY is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GSLC vs. SPY - Performance Comparison
The year-to-date returns for both stocks are quite close, with GSLC having a 26.19% return and SPY slightly lower at 26.01%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GSLC vs. SPY - Expense Ratio Comparison
Both GSLC and SPY have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
GSLC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) and SPDR S&P 500 ETF (SPY). 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.
Dividends
GSLC vs. SPY - Dividend Comparison
GSLC's dividend yield for the trailing twelve months is around 1.12%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 1.12% | 1.38% | 1.61% | 1.06% | 1.02% | 1.54% | 1.89% | 1.69% | 1.69% | 0.36% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
GSLC vs. SPY - Drawdown Comparison
The maximum GSLC drawdown since its inception was -33.69%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GSLC and SPY. For additional features, visit the drawdowns tool.
Volatility
GSLC vs. SPY - Volatility Comparison
Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) and SPDR S&P 500 ETF (SPY) have volatilities of 3.94% and 3.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.