GSSC vs. SPSM
Compare and contrast key facts about Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM).
GSSC and SPSM 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. SPSM is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Index. It was launched on Jul 8, 2013. Both GSSC and SPSM 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 SPSM.
Key characteristics
| GSSC | SPSM | |
|---|---|---|
| YTD Return | -0.40% | -1.41% |
| 1Y Return | 17.39% | 14.79% |
| 3Y Return (Ann) | 0.82% | 0.31% |
| 5Y Return (Ann) | 8.33% | 7.71% |
| Sharpe Ratio | 1.00 | 0.82 |
| Daily Std Dev | 18.47% | 19.43% |
| Max Drawdown | -41.38% | -42.89% |
| Current Drawdown | -7.73% | -8.01% |
Correlation
The correlation between GSSC and SPSM is 0.96, 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
GSSC vs. SPSM - Performance Comparison
In the year-to-date period, GSSC achieves a -0.40% return, which is significantly higher than SPSM's -1.41% 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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GSSC vs. SPSM - Expense Ratio Comparison
GSSC has a 0.20% expense ratio, which is higher than SPSM's 0.05% expense ratio. However, 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
GSSC vs. SPSM - 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 SPDR Portfolio S&P 600 Small Cap ETF (SPSM). 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. SPSM - Dividend Comparison
GSSC's dividend yield for the trailing twelve months is around 1.37%, less than SPSM's 1.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSSC Goldman Sachs ActiveBeta US Small Cap Equity ETF | 1.37% | 1.33% | 1.31% | 1.00% | 0.94% | 1.24% | 1.21% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% |
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 1.66% | 1.61% | 1.38% | 1.40% | 1.17% | 1.58% | 1.82% | 1.51% | 1.49% | 2.37% | 1.70% | 0.68% |
Drawdowns
GSSC vs. SPSM - Drawdown Comparison
The maximum GSSC drawdown since its inception was -41.38%, roughly equal to the maximum SPSM drawdown of -42.89%. Use the drawdown chart below to compare losses from any high point for GSSC and SPSM. For additional features, visit the drawdowns tool.
Volatility
GSSC vs. SPSM - Volatility Comparison
The current volatility for Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) is 4.83%, while SPDR Portfolio S&P 600 Small Cap ETF (SPSM) has a volatility of 5.13%. This indicates that GSSC experiences smaller price fluctuations and is considered to be less risky than SPSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.