GSLC vs. TIP
Compare and contrast key facts about Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) and iShares TIPS Bond ETF (TIP).
GSLC and TIP 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. TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003. Both GSLC and TIP 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 TIP.
Key characteristics
| GSLC | TIP | |
|---|---|---|
| YTD Return | 26.19% | 2.15% |
| 1Y Return | 34.17% | 5.87% |
| 3Y Return (Ann) | 9.31% | -2.45% |
| 5Y Return (Ann) | 14.94% | 1.91% |
| Sharpe Ratio | 2.84 | 1.09 |
| Sortino Ratio | 3.82 | 1.61 |
| Omega Ratio | 1.53 | 1.19 |
| Calmar Ratio | 4.13 | 0.43 |
| Martin Ratio | 18.08 | 4.84 |
| Ulcer Index | 1.90% | 1.12% |
| Daily Std Dev | 12.10% | 4.95% |
| Max Drawdown | -33.69% | -14.56% |
| Current Drawdown | -0.91% | -7.45% |
Correlation
The correlation between GSLC and TIP is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GSLC vs. TIP - Performance Comparison
In the year-to-date period, GSLC achieves a 26.19% return, which is significantly higher than TIP's 2.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GSLC vs. TIP - Expense Ratio Comparison
GSLC has a 0.09% expense ratio, which is lower than TIP's 0.19% 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%.
Risk-Adjusted Performance
GSLC vs. TIP - 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 iShares TIPS Bond ETF (TIP). 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. TIP - Dividend Comparison
GSLC's dividend yield for the trailing twelve months is around 1.12%, less than TIP's 2.41% 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% |
TIP iShares TIPS Bond ETF | 2.41% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% | 1.15% |
Drawdowns
GSLC vs. TIP - Drawdown Comparison
The maximum GSLC drawdown since its inception was -33.69%, which is greater than TIP's maximum drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for GSLC and TIP. For additional features, visit the drawdowns tool.
Volatility
GSLC vs. TIP - Volatility Comparison
Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) has a higher volatility of 3.94% compared to iShares TIPS Bond ETF (TIP) at 1.31%. This indicates that GSLC's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.