GSWO vs. IMFL
Compare and contrast key facts about Goldman Sachs ActiveBeta World Equity ETF (GSWO) and Invesco International Developed Dynamic Multifactor ETF (IMFL).
GSWO and IMFL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSWO is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net. It was launched on Mar 15, 2022. IMFL is a passively managed fund by Invesco that tracks the performance of the FTSE Developed ex US Invesco Dynamic Multifactor Index. It was launched on Feb 24, 2021. Both GSWO and IMFL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GSWO vs. IMFL - Performance Comparison
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GSWO vs. IMFL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GSWO Goldman Sachs ActiveBeta World Equity ETF | -2.17% | 18.97% | 15.29% | 16.28% | -6.15% |
IMFL Invesco International Developed Dynamic Multifactor ETF | 8.63% | 30.89% | -3.57% | 25.51% | -9.20% |
Returns By Period
In the year-to-date period, GSWO achieves a -2.17% return, which is significantly lower than IMFL's 8.63% return.
GSWO
- 1D
- 2.87%
- 1M
- -5.76%
- YTD
- -2.17%
- 6M
- -0.46%
- 1Y
- 11.32%
- 3Y*
- 14.53%
- 5Y*
- —
- 10Y*
- —
IMFL
- 1D
- 1.30%
- 1M
- -5.40%
- YTD
- 8.63%
- 6M
- 16.70%
- 1Y
- 34.54%
- 3Y*
- 15.02%
- 5Y*
- 8.13%
- 10Y*
- —
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GSWO vs. IMFL - Expense Ratio Comparison
GSWO has a 0.25% expense ratio, which is lower than IMFL's 0.34% expense ratio.
Return for Risk
GSWO vs. IMFL — Risk / Return Rank
GSWO
IMFL
GSWO vs. IMFL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta World Equity ETF (GSWO) and Invesco International Developed Dynamic Multifactor ETF (IMFL). 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 | IMFL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 2.09 | -1.25 |
Sortino ratioReturn per unit of downside risk | 1.24 | 2.71 | -1.46 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.39 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 2.96 | -1.71 |
Martin ratioReturn relative to average drawdown | 5.62 | 11.45 | -5.84 |
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 | IMFL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 2.09 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.54 | +0.23 |
Correlation
The correlation between GSWO and IMFL is 0.76, 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.
Dividends
GSWO vs. IMFL - Dividend Comparison
GSWO's dividend yield for the trailing twelve months is around 1.83%, less than IMFL's 3.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GSWO Goldman Sachs ActiveBeta World Equity ETF | 1.83% | 1.74% | 1.75% | 2.06% | 1.73% | 0.00% |
IMFL Invesco International Developed Dynamic Multifactor ETF | 3.11% | 2.88% | 3.56% | 3.85% | 3.35% | 3.94% |
Drawdowns
GSWO vs. IMFL - Drawdown Comparison
The maximum GSWO drawdown since its inception was -17.77%, smaller than the maximum IMFL drawdown of -33.26%. Use the drawdown chart below to compare losses from any high point for GSWO and IMFL.
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Drawdown Indicators
| GSWO | IMFL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -33.26% | +15.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -11.77% | +2.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.26% | — |
Current DrawdownCurrent decline from peak | -6.31% | -7.51% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -7.37% | +4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 3.04% | -0.94% |
Volatility
GSWO vs. IMFL - Volatility Comparison
The current volatility for Goldman Sachs ActiveBeta World Equity ETF (GSWO) is 5.76%, while Invesco International Developed Dynamic Multifactor ETF (IMFL) has a volatility of 7.34%. This indicates that GSWO experiences smaller price fluctuations and is considered to be less risky than IMFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSWO | IMFL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 7.34% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 8.20% | 11.89% | -3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.60% | 16.63% | -3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.98% | 15.90% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.98% | 15.87% | -2.89% |