GSWO vs. GSLC
GSWO (Goldman Sachs ActiveBeta World Equity ETF) and GSLC (Goldman Sachs ActiveBeta U.S. Large Cap Equity 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 GSLC is a Large Cap Growth Equities fund tracking the Goldman Sachs ActiveBeta U.S. Large Cap Equity Index. Both are passively managed. Over the past 3 years, GSWO returned 18.70%/yr vs 20.85%/yr for GSLC. Their correlation of 0.89 suggests significant overlap in exposure. GSWO charges 0.25%/yr vs 0.09%/yr for GSLC.
Performance
GSWO vs. GSLC - 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 GSLC's 8.50% return.
GSWO
- 1D
- -0.71%
- 1M
- 4.81%
- YTD
- 11.00%
- 6M
- 11.56%
- 1Y
- 20.17%
- 3Y*
- 18.70%
- 5Y*
- —
- 10Y*
- —
GSLC
- 1D
- -0.67%
- 1M
- 4.52%
- YTD
- 8.50%
- 6M
- 8.90%
- 1Y
- 23.28%
- 3Y*
- 20.85%
- 5Y*
- 12.70%
- 10Y*
- 14.64%
GSWO vs. GSLC - 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% |
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 8.50% | 16.17% | 24.21% | 25.09% | -11.33% |
Correlation
The correlation between GSWO and GSLC is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.89 |
The correlation between GSWO and GSLC has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
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Return for Risk
GSWO vs. GSLC — Risk / Return Rank
GSWO
GSLC
GSWO vs. GSLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta World Equity ETF (GSWO) and Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC). 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 | GSLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.46 | -0.19 |
| Martin ratioReturn relative to average drawdown | 10.87 | 10.96 | -0.10 |
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 | GSLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.00 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.77 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.82 | +0.18 |
Drawdowns
GSWO vs. GSLC - Drawdown Comparison
The maximum GSWO drawdown since its inception was -17.77%, smaller than the maximum GSLC drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for GSWO and GSLC.
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Drawdown Indicators
| GSWO | GSLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -33.69% | +15.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -9.49% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -9.97% | -18.66% | +8.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.69% | — |
Current DrawdownCurrent decline from peak | -0.71% | -0.67% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -4.39% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 2.13% | -0.27% |
Volatility
GSWO vs. GSLC - Volatility Comparison
Goldman Sachs ActiveBeta World Equity ETF (GSWO) has a higher volatility of 3.22% compared to Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) at 2.74%. This indicates that GSWO's price experiences larger fluctuations and is considered to be riskier than GSLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSWO | GSLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 2.74% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 8.84% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.75% | 11.72% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.96% | 16.62% | -3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.96% | 17.68% | -4.72% |
GSWO vs. GSLC - Expense Ratio Comparison
GSWO has a 0.25% expense ratio, which is higher than GSLC's 0.09% 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. GSLC - Dividend Comparison
GSWO's dividend yield for the trailing twelve months is around 1.61%, more than GSLC's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 0.93% | 1.00% | 1.11% | 1.38% | 1.61% | 1.06% | 1.35% | 1.54% | 1.89% | 1.69% | 1.69% | 0.36% |
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 GSLC have a correlation of 0.86, 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 GSLC (2.74%). In terms of maximum drawdown, GSWO dropped -17.77% vs GSLC's -33.69%.
On 3-year performance, GSLC leads with 20.85% vs 18.70% for GSWO. On fees, GSLC is cheaper at 0.09% per year. On volatility, GSLC has been the lower-risk option at 2.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GSLC has performed better with a 20.85% return vs 18.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSLC is cheaper with a 0.09% expense ratio, compared with 0.25% for GSWO.
GSWO has the higher dividend yield at 1.61%, compared with 0.93% for GSLC.
GSWO is categorized as Global Equities, while GSLC is Large Cap Growth Equities. GSWO tracks Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net, while GSLC tracks Goldman Sachs ActiveBeta U.S. Large Cap Equity Index. Their fees differ too: 0.25% for GSWO and 0.09% for GSLC.
GSLC currently has the higher Sharpe Ratio (2.00 vs 1.88), 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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