GSSC vs. SMLF
Compare and contrast key facts about Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF).
GSSC and SMLF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSSC is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta U.S. Small Cap Equity Index. It was launched on Jun 28, 2017. SMLF is a passively managed fund by iShares that tracks the performance of the MSCI USA Small Cap Diversified Multi-Factor. It was launched on Apr 28, 2015. Both GSSC and SMLF 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: GSSC or SMLF.
Performance
GSSC vs. SMLF - Performance Comparison
Returns By Period
In the year-to-date period, GSSC achieves a 17.94% return, which is significantly lower than SMLF's 22.98% return.
GSSC
17.94%
7.30%
16.52%
32.14%
11.47%
N/A
SMLF
22.98%
7.55%
16.70%
38.08%
13.08%
N/A
Key characteristics
| GSSC | SMLF | |
|---|---|---|
| Sharpe Ratio | 1.60 | 2.17 |
| Sortino Ratio | 2.35 | 3.03 |
| Omega Ratio | 1.28 | 1.37 |
| Calmar Ratio | 1.87 | 3.91 |
| Martin Ratio | 8.88 | 13.05 |
| Ulcer Index | 3.70% | 2.98% |
| Daily Std Dev | 20.61% | 17.89% |
| Max Drawdown | -41.38% | -41.89% |
| Current Drawdown | -2.81% | -1.20% |
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GSSC vs. SMLF - Expense Ratio Comparison
GSSC has a 0.20% expense ratio, which is lower than SMLF's 0.30% expense ratio.
Correlation
The correlation between GSSC and SMLF is 0.95, 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.
Risk-Adjusted Performance
GSSC vs. SMLF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF). 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
GSSC vs. SMLF - Dividend Comparison
GSSC's dividend yield for the trailing twelve months is around 1.16%, more than SMLF's 0.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSSC Goldman Sachs ActiveBeta US Small Cap Equity ETF | 1.16% | 1.33% | 1.31% | 1.01% | 0.78% | 1.24% | 1.21% | 0.73% | 0.00% | 0.00% |
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 0.84% | 1.13% | 1.23% | 1.07% | 1.32% | 1.39% | 1.16% | 0.93% | 0.78% | 0.79% |
Drawdowns
GSSC vs. SMLF - Drawdown Comparison
The maximum GSSC drawdown since its inception was -41.38%, roughly equal to the maximum SMLF drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for GSSC and SMLF. For additional features, visit the drawdowns tool.
Volatility
GSSC vs. SMLF - Volatility Comparison
Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) has a higher volatility of 7.84% compared to iShares MSCI USA Small-Cap Multifactor ETF (SMLF) at 6.18%. This indicates that GSSC's price experiences larger fluctuations and is considered to be riskier than SMLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.