GSLC vs. USMV
Compare and contrast key facts about Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) and iShares Edge MSCI Min Vol USA ETF (USMV).
GSLC and USMV 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. USMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Oct 18, 2011. Both GSLC and USMV 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 USMV.
Key characteristics
| GSLC | USMV | |
|---|---|---|
| YTD Return | 26.19% | 19.55% |
| 1Y Return | 34.17% | 25.54% |
| 3Y Return (Ann) | 9.31% | 7.44% |
| 5Y Return (Ann) | 14.94% | 9.41% |
| Sharpe Ratio | 2.84 | 3.03 |
| Sortino Ratio | 3.82 | 4.27 |
| Omega Ratio | 1.53 | 1.57 |
| Calmar Ratio | 4.13 | 5.08 |
| Martin Ratio | 18.08 | 19.74 |
| Ulcer Index | 1.90% | 1.29% |
| Daily Std Dev | 12.10% | 8.40% |
| Max Drawdown | -33.69% | -33.10% |
| Current Drawdown | -0.91% | -1.43% |
Correlation
The correlation between GSLC and USMV is 0.87, 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. USMV - Performance Comparison
In the year-to-date period, GSLC achieves a 26.19% return, which is significantly higher than USMV's 19.55% 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. USMV - Expense Ratio Comparison
GSLC has a 0.09% expense ratio, which is lower than USMV's 0.15% 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. USMV - 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 Edge MSCI Min Vol USA ETF (USMV). 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. USMV - Dividend Comparison
GSLC's dividend yield for the trailing twelve months is around 1.12%, less than USMV's 1.63% 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% |
USMV iShares Edge MSCI Min Vol USA ETF | 1.63% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% | 1.88% | 2.18% |
Drawdowns
GSLC vs. USMV - Drawdown Comparison
The maximum GSLC drawdown since its inception was -33.69%, roughly equal to the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for GSLC and USMV. For additional features, visit the drawdowns tool.
Volatility
GSLC vs. USMV - Volatility Comparison
Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) has a higher volatility of 3.94% compared to iShares Edge MSCI Min Vol USA ETF (USMV) at 2.92%. This indicates that GSLC's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.