GSWO vs. AVTM

Last updated Jun 4, 2026

GSWO (Goldman Sachs ActiveBeta World Equity ETF) and AVTM (Avantis Total Equity Markets ETF) are both Global Equities funds. GSWO is passively managed, while AVTM is actively managed. With a 0.96 correlation, they move nearly in lockstep. GSWO charges 0.25%/yr vs 0.22%/yr for AVTM.

Performance

GSWO vs. AVTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs ActiveBeta World Equity ETF (GSWO) and Avantis Total Equity Markets ETF (AVTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GSWO

• 1D: -0.71%
• 1M: 4.81%
• YTD: 11.00%
• 6M: 11.56%
• 1Y: 20.17%
• 3Y*: 18.70%
• 5Y*: —
• 10Y*: —

AVTM

• 1D: -0.65%
• 1M: 5.45%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSWO vs. AVTM - Yearly Performance Comparison

	2026 (YTD)
GSWO Goldman Sachs ActiveBeta World Equity ETF	8.23%
AVTM Avantis Total Equity Markets ETF	9.06%

Correlation

The correlation between GSWO and AVTM is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026	0.96

Return for Risk

GSWO vs. AVTM — Risk / Return Rank

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

GSWO

GSWO Risk / Return Rank: 56
GSWO Sharpe Ratio Rank: 55
GSWO Sortino Ratio Rank: 59
GSWO Omega Ratio Rank: 56
GSWO Calmar Ratio Rank: 46
GSWO Martin Ratio Rank: 61

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.

GSWO vs. AVTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta World Equity ETF (GSWO) and Avantis Total Equity Markets ETF (AVTM). 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	AVTM	Difference
Sharpe ratio Return per unit of total volatility	1.88	—	—
Sortino ratio Return per unit of downside risk	2.77	—	—
Omega ratio Gain probability vs. loss probability	1.35	—	—
Calmar ratio Return relative to maximum drawdown	2.27	—	—
Martin ratio Return relative to average drawdown	10.87	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GSWO	AVTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	1.88	-0.89

Drawdowns

GSWO vs. AVTM - Drawdown Comparison

The maximum GSWO drawdown since its inception was -17.77%, which is greater than AVTM's maximum drawdown of -9.21%. Use the drawdown chart below to compare losses from any high point for GSWO and AVTM.

Drawdown Indicators

	GSWO	AVTM	Difference
Max Drawdown Largest peak-to-trough decline	-17.77%	-9.21%	-8.56%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.97%	—	—
Current Drawdown Current decline from peak	-0.71%	-0.65%	-0.06%
Average Drawdown Average peak-to-trough decline	-3.25%	-2.08%	-1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	—	—

Volatility

Volatility by Period

	GSWO	AVTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.75%	15.88%	-5.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.96%	15.88%	-2.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.96%	15.88%	-2.92%

GSWO vs. AVTM - Expense Ratio Comparison

GSWO has a 0.25% expense ratio, which is higher than AVTM's 0.22% 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. AVTM - Dividend Comparison

GSWO's dividend yield for the trailing twelve months is around 1.61%, more than AVTM's 0.08% yield.

Position	TTM	2025	2024	2023	2022
AVTM Avantis Total Equity Markets ETF	0.08%	0.00%	0.00%	0.00%	0.00%
GSWO Goldman Sachs ActiveBeta World Equity ETF	1.61%	1.74%	1.75%	2.06%	1.73%

Frequently Asked Questions

Can I hold both GSWO and AVTM in my portfolio?

With a correlation of 0.96, GSWO and AVTM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GSWO or AVTM?

On fees, AVTM is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GSWO or AVTM?

AVTM is cheaper with a 0.22% expense ratio, compared with 0.25% for GSWO.

Which ETF pays a higher dividend yield, GSWO or AVTM?

GSWO has the higher dividend yield at 1.61%, compared with 0.08% for AVTM.

What is the main difference between GSWO and AVTM?

They also come from different issuers: Goldman Sachs and Avantis. Their fees differ too: 0.25% for GSWO and 0.22% for AVTM.