GSSC vs. GRPZ

Last updated Jul 17, 2026

GSSC (Goldman Sachs ActiveBeta US Small Cap Equity ETF) and GRPZ (Invesco S&P Smallcap 600 GARP ETF) are both Small Cap Growth Equities funds - GSSC tracks the Goldman Sachs ActiveBeta U.S. Small Cap Equity Index while GRPZ tracks the S&P SmallCap 600 GARP Index. Both are passively managed. Over the past year, GSSC returned 32.80% vs 30.97% for GRPZ. Their correlation of 0.92 suggests significant overlap in exposure. GSSC charges 0.20%/yr vs 0.35%/yr for GRPZ.

Performance

GSSC vs. GRPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) and Invesco S&P Smallcap 600 GARP ETF (GRPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSSC achieves a 20.58% return, which is significantly lower than GRPZ's 23.85% return.

GSSC

• 1D: 0.48%
• 1M: 3.16%
• 6M: 13.56%
• YTD: 20.58%
• 1Y: 32.80%
• 3Y*: 16.68%
• 5Y*: 9.59%
• 10Y*: —

GRPZ

• 1D: 0.92%
• 1M: 7.28%
• 6M: 16.11%
• YTD: 23.85%
• 1Y: 30.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSSC vs. GRPZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GSSC Goldman Sachs ActiveBeta US Small Cap Equity ETF	20.58%	10.76%	9.32%
GRPZ Invesco S&P Smallcap 600 GARP ETF	23.85%	3.09%	4.27%

Correlation

The correlation between GSSC and GRPZ is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024	0.92

The correlation between GSSC and GRPZ has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

GSSC vs. GRPZ - Sectors Allocation Comparison

Sectors	GSSC	GRPZ
Technology	18.2%	7.6%
Industrials	17.6%	16.1%
Healthcare	16.6%	15.8%
Financial Services	16.6%	28.3%
Consumer Cyclical	10.1%	11.8%
Energy	4.3%	12.2%
Real Estate	4.3%	-
Basic Materials	3.9%	2.3%
Consumer Defensive	3.8%	5.3%
Communication Services	2.6%	0.8%
Utilities	2.1%	-

Return for Risk

GSSC vs. GRPZ — Risk / Return Rank

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

GSSC

GSSC Risk / Return Rank: 71
GSSC Sharpe Ratio Rank: 69
GSSC Sortino Ratio Rank: 71
GSSC Omega Ratio Rank: 64
GSSC Calmar Ratio Rank: 76
GSSC Martin Ratio Rank: 73

GRPZ

GRPZ Risk / Return Rank: 70
GRPZ Sharpe Ratio Rank: 69
GRPZ Sortino Ratio Rank: 75
GRPZ Omega Ratio Rank: 62
GRPZ Calmar Ratio Rank: 79
GRPZ Martin Ratio Rank: 66

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.

GSSC vs. GRPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) and Invesco S&P Smallcap 600 GARP ETF (GRPZ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GSSC	GRPZ	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.77	+0.01
Sortino ratio: Return per unit of downside risk	2.57	2.70	-0.13
Omega ratio: Gain probability vs. loss probability	1.30	1.30	0.00
Calmar ratio: Return relative to maximum drawdown	3.12	3.27	-0.15
Martin ratio: Return relative to average drawdown	10.46	9.39	+1.08

GSSC vs. GRPZ - Sharpe Ratio Comparison

The current GSSC Sharpe Ratio is 1.78, which is comparable to the GRPZ Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of GSSC and GRPZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GSSC vs. GRPZ - Drawdown Comparison

The maximum GSSC drawdown since its inception was -41.38%, which is greater than GRPZ's maximum drawdown of -27.87%. Use the drawdown chart below to compare losses from any high point for GSSC and GRPZ.

Drawdown Indicators

	GSSC	GRPZ	Difference
Max Drawdown Largest peak-to-trough decline	-41.38%	-27.87%	-13.51%
Max Drawdown (1Y) Largest decline over 1 year	-10.56%	-9.53%	-1.03%
Max Drawdown (3Y) Largest decline over 3 years	-26.05%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.81%	—	—
Current Drawdown Current decline from peak	-0.58%	0.00%	-0.58%
Average Drawdown Average peak-to-trough decline	-8.91%	-6.68%	-2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	3.31%	-0.17%

Volatility

GSSC vs. GRPZ - Volatility Comparison

Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) and Invesco S&P Smallcap 600 GARP ETF (GRPZ) have volatilities of 3.67% and 3.78%, 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.

Volatility by Period

	GSSC	GRPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	3.78%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	13.27%	11.77%	+1.50%
Volatility (1Y) Calculated over the trailing 1-year period	18.49%	17.53%	+0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.24%	20.87%	+0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.94%	20.87%	+2.07%

GSSC vs. GRPZ - Expense Ratio Comparison

GSSC has a 0.20% expense ratio, which is lower than GRPZ's 0.35% expense ratio.

Dividends

GSSC vs. GRPZ - Dividend Comparison

GSSC's dividend yield for the trailing twelve months is around 1.03%, more than GRPZ's 0.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GRPZ Invesco S&P Smallcap 600 GARP ETF	0.87%	0.97%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GSSC Goldman Sachs ActiveBeta US Small Cap Equity ETF	1.03%	1.17%	1.42%	1.33%	1.31%	1.00%	0.94%	1.24%	1.21%	0.73%

Frequently Asked Questions

Can I hold both GSSC and GRPZ in my portfolio?

GSSC and GRPZ have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSSC or GRPZ?

GRPZ has higher volatility (3.78%) compared to GSSC (3.67%). In terms of maximum drawdown, GSSC dropped -41.38% vs GRPZ's -27.87%.

Which ETF is better, GSSC or GRPZ?

On 1-year performance, GSSC leads with 32.80% vs 30.97% for GRPZ. On fees, GSSC is cheaper at 0.20% per year. On volatility, GSSC has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSSC or GRPZ?

Over the 1-year period, GSSC has performed better with a 32.80% return vs 30.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSSC or GRPZ?

GSSC is cheaper with a 0.20% expense ratio, compared with 0.35% for GRPZ.

Which ETF pays a higher dividend yield, GSSC or GRPZ?

GSSC has the higher dividend yield at 1.03%, compared with 0.87% for GRPZ.

What is the main difference between GSSC and GRPZ?

GSSC tracks Goldman Sachs ActiveBeta U.S. Small Cap Equity Index, while GRPZ tracks S&P SmallCap 600 GARP Index. They also come from different issuers: Goldman Sachs and Invesco. Their fees differ too: 0.20% for GSSC and 0.35% for GRPZ.

Which has better risk-adjusted returns?

GSSC currently has the higher Sharpe Ratio (1.78 vs 1.77), 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.