GSUS vs. ALTL

Last updated Jun 4, 2026

GSUS (Goldman Sachs MarketBeta U.S. Equity ETF) and ALTL (Pacer Lunt Large Cap Alternator ETF) are both Large Cap Growth Equities funds - GSUS tracks the Solactive GBS United States Large & Mid Cap Index while ALTL tracks the Lunt Capital US Large Cap Equity Rotation Index. Both are passively managed. Over the past 5 years, GSUS returned 13.64%/yr vs 5.04%/yr for ALTL. A 0.68 correlation means they provide meaningful diversification when combined. GSUS charges 0.07%/yr vs 0.60%/yr for ALTL.

Performance

GSUS vs. ALTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs MarketBeta U.S. Equity ETF (GSUS) and Pacer Lunt Large Cap Alternator ETF (ALTL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSUS achieves a 10.67% return, which is significantly lower than ALTL's 16.90% return.

GSUS

• 1D: -0.74%
• 1M: 5.20%
• YTD: 10.67%
• 6M: 10.52%
• 1Y: 27.76%
• 3Y*: 22.74%
• 5Y*: 13.64%
• 10Y*: —

ALTL

• 1D: -0.66%
• 1M: 12.43%
• YTD: 16.90%
• 6M: 16.56%
• 1Y: 44.84%
• 3Y*: 13.86%
• 5Y*: 5.04%
• 10Y*: —

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

GSUS vs. ALTL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GSUS Goldman Sachs MarketBeta U.S. Equity ETF	10.67%	18.11%	25.25%	27.74%	-19.82%	27.13%	24.78%
ALTL Pacer Lunt Large Cap Alternator ETF	16.90%	16.61%	12.30%	-15.85%	-10.67%	45.30%	33.74%

Correlation

The correlation between GSUS and ALTL is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jun 26, 2020	0.68

The correlation between GSUS and ALTL has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.

GSUS vs. ALTL - Sectors Allocation Comparison

Sectors	GSUS	ALTL
Technology	35.6%	4.6%
Communication Services	11.9%	0.8%
Financial Services	11.7%	16.6%
Consumer Cyclical	10.2%	5.7%
Healthcare	8.7%	6.8%
Industrials	8.0%	10.2%
Consumer Defensive	4.9%	10.8%
Energy	3.6%	0.9%
Utilities	2.2%	26.8%
Real Estate	1.7%	14.8%
Basic Materials	1.7%	2.0%

Return for Risk

GSUS vs. ALTL — Risk / Return Rank

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

GSUS

GSUS Risk / Return Rank: 68
GSUS Sharpe Ratio Rank: 70
GSUS Sortino Ratio Rank: 69
GSUS Omega Ratio Rank: 70
GSUS Calmar Ratio Rank: 61
GSUS Martin Ratio Rank: 72

ALTL

ALTL Risk / Return Rank: 78
ALTL Sharpe Ratio Rank: 77
ALTL Sortino Ratio Rank: 72
ALTL Omega Ratio Rank: 74
ALTL Calmar Ratio Rank: 84
ALTL Martin Ratio Rank: 82

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.

GSUS vs. ALTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta U.S. Equity ETF (GSUS) and Pacer Lunt Large Cap Alternator ETF (ALTL). 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.

	GSUS	ALTL	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.51	-0.18
Sortino ratio: Return per unit of downside risk	3.17	3.29	-0.12
Omega ratio: Gain probability vs. loss probability	1.42	1.44	-0.02
Calmar ratio: Return relative to maximum drawdown	3.02	4.60	-1.59
Martin ratio: Return relative to average drawdown	13.70	16.35	-2.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSUS vs. ALTL - Sharpe Ratio Comparison

The current GSUS Sharpe Ratio is 2.33, which is comparable to the ALTL Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of GSUS and ALTL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GSUS	ALTL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.51	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.28	+0.53
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	0.73	+0.40

Drawdowns

GSUS vs. ALTL - Drawdown Comparison

The maximum GSUS drawdown since its inception was -25.62%, smaller than the maximum ALTL drawdown of -31.91%. Use the drawdown chart below to compare losses from any high point for GSUS and ALTL.

Drawdown Indicators

	GSUS	ALTL	Difference
Max Drawdown Largest peak-to-trough decline	-25.62%	-31.91%	+6.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.24%	-9.79%	+0.55%
Max Drawdown (3Y) Largest decline over 3 years	-19.07%	-21.21%	+2.14%
Max Drawdown (5Y) Largest decline over 5 years	-25.62%	-31.91%	+6.29%
Current Drawdown Current decline from peak	-0.74%	-0.66%	-0.08%
Average Drawdown Average peak-to-trough decline	-5.27%	-11.58%	+6.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.75%	-0.72%

Volatility

GSUS vs. ALTL - Volatility Comparison

The current volatility for Goldman Sachs MarketBeta U.S. Equity ETF (GSUS) is 2.91%, while Pacer Lunt Large Cap Alternator ETF (ALTL) has a volatility of 7.26%. This indicates that GSUS experiences smaller price fluctuations and is considered to be less risky than ALTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSUS	ALTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	7.26%	-4.35%
Volatility (6M) Calculated over the trailing 6-month period	9.05%	10.97%	-1.92%
Volatility (1Y) Calculated over the trailing 1-year period	12.00%	18.05%	-6.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.05%	18.38%	-1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.06%	20.09%	-3.03%

GSUS vs. ALTL - Expense Ratio Comparison

GSUS has a 0.07% expense ratio, which is lower than ALTL's 0.60% expense ratio.

Dividends

GSUS vs. ALTL - Dividend Comparison

GSUS's dividend yield for the trailing twelve months is around 0.98%, more than ALTL's 0.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ALTL Pacer Lunt Large Cap Alternator ETF	0.94%	0.95%	1.56%	1.28%	1.23%	1.06%	0.75%
GSUS Goldman Sachs MarketBeta U.S. Equity ETF	0.98%	1.04%	1.19%	1.32%	1.51%	1.13%	0.78%

Frequently Asked Questions

Can I hold both GSUS and ALTL in my portfolio?

GSUS and ALTL have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSUS or ALTL?

ALTL has higher volatility (7.26%) compared to GSUS (2.91%). In terms of maximum drawdown, GSUS dropped -25.62% vs ALTL's -31.91%.

Which ETF is better, GSUS or ALTL?

On 5-year performance, GSUS leads with 13.64% vs 5.04% for ALTL. On fees, GSUS is cheaper at 0.07% per year. On volatility, GSUS has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSUS or ALTL?

Over the 5-year period, GSUS has performed better with a 13.64% return vs 5.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSUS or ALTL?

GSUS is cheaper with a 0.07% expense ratio, compared with 0.60% for ALTL.

Which ETF pays a higher dividend yield, GSUS or ALTL?

GSUS has the higher dividend yield at 0.98%, compared with 0.94% for ALTL.

What is the main difference between GSUS and ALTL?

GSUS tracks Solactive GBS United States Large & Mid Cap Index, while ALTL tracks Lunt Capital US Large Cap Equity Rotation Index. They also come from different issuers: Goldman Sachs and Pacer. Their fees differ too: 0.07% for GSUS and 0.60% for ALTL.

Which has better risk-adjusted returns?

ALTL currently has the higher Sharpe Ratio (2.51 vs 2.33), 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.