GSWO vs. INKM
Compare and contrast key facts about Goldman Sachs ActiveBeta World Equity ETF (GSWO) and SPDR SSgA Income Allocation ETF (INKM).
GSWO and INKM 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. INKM is an actively managed fund by State Street. It was launched on Apr 25, 2012.
Performance
GSWO vs. INKM - Performance Comparison
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GSWO vs. INKM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GSWO Goldman Sachs ActiveBeta World Equity ETF | -1.23% | 18.97% | 15.29% | 16.28% | -6.15% |
INKM SPDR SSgA Income Allocation ETF | 2.48% | 11.86% | 5.70% | 10.26% | -8.44% |
Returns By Period
In the year-to-date period, GSWO achieves a -1.23% return, which is significantly lower than INKM's 2.48% return.
GSWO
- 1D
- 0.96%
- 1M
- -4.41%
- YTD
- -1.23%
- 6M
- 0.51%
- 1Y
- 11.88%
- 3Y*
- 14.90%
- 5Y*
- —
- 10Y*
- —
INKM
- 1D
- 0.20%
- 1M
- -3.01%
- YTD
- 2.48%
- 6M
- 3.39%
- 1Y
- 10.75%
- 3Y*
- 8.82%
- 5Y*
- 4.13%
- 10Y*
- 5.48%
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GSWO vs. INKM - Expense Ratio Comparison
GSWO has a 0.25% expense ratio, which is lower than INKM's 0.50% expense ratio.
Return for Risk
GSWO vs. INKM — Risk / Return Rank
GSWO
INKM
GSWO vs. INKM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta World Equity ETF (GSWO) and SPDR SSgA Income Allocation ETF (INKM). 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 | INKM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 1.38 | -0.50 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.95 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.92 | -0.62 |
Martin ratioReturn relative to average drawdown | 5.82 | 8.53 | -2.71 |
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 | INKM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.38 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.50 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.55 | +0.23 |
Correlation
The correlation between GSWO and INKM is 0.79, 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. INKM - Dividend Comparison
GSWO's dividend yield for the trailing twelve months is around 1.81%, less than INKM's 5.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSWO Goldman Sachs ActiveBeta World Equity ETF | 1.81% | 1.74% | 1.75% | 2.06% | 1.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INKM SPDR SSgA Income Allocation ETF | 5.01% | 5.82% | 4.83% | 4.56% | 5.03% | 3.74% | 3.88% | 4.38% | 4.08% | 3.10% | 3.39% | 3.45% |
Drawdowns
GSWO vs. INKM - Drawdown Comparison
The maximum GSWO drawdown since its inception was -17.77%, smaller than the maximum INKM drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for GSWO and INKM.
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Drawdown Indicators
| GSWO | INKM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -28.58% | +10.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -5.76% | -3.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.58% | — |
Current DrawdownCurrent decline from peak | -5.41% | -3.21% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -3.73% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 1.30% | +0.83% |
Volatility
GSWO vs. INKM - Volatility Comparison
Goldman Sachs ActiveBeta World Equity ETF (GSWO) has a higher volatility of 5.67% compared to SPDR SSgA Income Allocation ETF (INKM) at 2.97%. This indicates that GSWO's price experiences larger fluctuations and is considered to be riskier than INKM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSWO | INKM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.67% | 2.97% | +2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 8.24% | 4.62% | +3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.63% | 7.83% | +5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.98% | 8.30% | +4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.98% | 9.77% | +3.21% |