GSWO vs. ACWV
GSWO (Goldman Sachs ActiveBeta World Equity ETF) and ACWV (iShares MSCI Global Min Vol Factor ETF) are both exchange-traded funds - GSWO is a Global Equities fund tracking the Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net, while ACWV is a Large Cap Blend Equities fund tracking the MSCI AC World Minimum Volatility (USD). Both are passively managed. Over the past 3 years, GSWO returned 18.70%/yr vs 10.06%/yr for ACWV. Their correlation of 0.85 suggests significant overlap in exposure. GSWO charges 0.25%/yr vs 0.20%/yr for ACWV.
Performance
GSWO vs. ACWV - Performance Comparison
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Returns By Period
In the year-to-date period, GSWO achieves a 11.00% return, which is significantly higher than ACWV's 2.36% return.
GSWO
- 1D
- -0.71%
- 1M
- 4.81%
- YTD
- 11.00%
- 6M
- 11.56%
- 1Y
- 20.17%
- 3Y*
- 18.70%
- 5Y*
- —
- 10Y*
- —
ACWV
- 1D
- -0.62%
- 1M
- 1.01%
- YTD
- 2.36%
- 6M
- 2.56%
- 1Y
- 4.79%
- 3Y*
- 10.06%
- 5Y*
- 5.47%
- 10Y*
- 7.36%
GSWO vs. ACWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GSWO Goldman Sachs ActiveBeta World Equity ETF | 11.00% | 18.97% | 15.29% | 16.28% | -6.15% |
ACWV iShares MSCI Global Min Vol Factor ETF | 2.36% | 11.04% | 11.38% | 8.23% | -6.15% |
Correlation
The correlation between GSWO and ACWV is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.85 |
The correlation between GSWO and ACWV shifts across timeframes, from 0.75 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GSWO vs. ACWV — Risk / Return Rank
GSWO
ACWV
GSWO vs. ACWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta World Equity ETF (GSWO) and iShares MSCI Global Min Vol Factor ETF (ACWV). 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.
| GSWO | ACWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.11 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 0.76 | +1.51 |
| Martin ratioReturn relative to average drawdown | 10.87 | 2.37 | +8.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GSWO | ACWV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 0.62 | +1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.54 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.71 | +0.29 |
Drawdowns
GSWO vs. ACWV - Drawdown Comparison
The maximum GSWO drawdown since its inception was -17.77%, smaller than the maximum ACWV drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for GSWO and ACWV.
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Drawdown Indicators
| GSWO | ACWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -28.82% | +11.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -6.37% | -2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -9.97% | -7.56% | -2.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.82% | — |
Current DrawdownCurrent decline from peak | -0.71% | -2.92% | +2.21% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -3.11% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 2.03% | -0.17% |
Volatility
GSWO vs. ACWV - Volatility Comparison
Goldman Sachs ActiveBeta World Equity ETF (GSWO) has a higher volatility of 3.22% compared to iShares MSCI Global Min Vol Factor ETF (ACWV) at 1.79%. This indicates that GSWO's price experiences larger fluctuations and is considered to be riskier than ACWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSWO | ACWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 1.79% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 5.54% | +3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.75% | 7.71% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.96% | 10.23% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.96% | 12.30% | +0.66% |
GSWO vs. ACWV - Expense Ratio Comparison
GSWO has a 0.25% expense ratio, which is higher than ACWV's 0.20% 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%.
Dividends
GSWO vs. ACWV - Dividend Comparison
GSWO's dividend yield for the trailing twelve months is around 1.61%, less than ACWV's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWV iShares MSCI Global Min Vol Factor ETF | 2.04% | 2.09% | 2.33% | 2.41% | 2.18% | 1.92% | 1.77% | 2.54% | 2.32% | 2.04% | 2.56% | 2.28% |
GSWO Goldman Sachs ActiveBeta World Equity ETF | 1.61% | 1.74% | 1.75% | 2.06% | 1.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GSWO and ACWV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSWO has higher volatility (3.22%) compared to ACWV (1.79%). In terms of maximum drawdown, GSWO dropped -17.77% vs ACWV's -28.82%.
On 3-year performance, GSWO leads with 18.70% vs 10.06% for ACWV. On fees, ACWV is cheaper at 0.20% per year. On volatility, ACWV has been the lower-risk option at 1.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GSWO has performed better with a 18.70% return vs 10.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ACWV is cheaper with a 0.20% expense ratio, compared with 0.25% for GSWO.
ACWV has the higher dividend yield at 2.04%, compared with 1.61% for GSWO.
GSWO is categorized as Global Equities, while ACWV is Large Cap Blend Equities. GSWO tracks Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net, while ACWV tracks MSCI AC World Minimum Volatility (USD). They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.25% for GSWO and 0.20% for ACWV.
GSWO currently has the higher Sharpe Ratio (1.88 vs 0.62), 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.
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