GSWO vs. ITOT
GSWO (Goldman Sachs ActiveBeta World Equity ETF) and ITOT (iShares Core S&P Total U.S. Stock Market 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 ITOT is a Large Cap Blend Equities fund tracking the S&P Total Market Index. Both are passively managed. Over the past 3 years, GSWO returned 16.39%/yr vs 18.70%/yr for ITOT. Their correlation of 0.88 means they have usually moved in the same direction. GSWO charges 0.25%/yr vs 0.03%/yr for ITOT.
Performance
GSWO vs. ITOT - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GSWO having a 9.77% return and ITOT slightly lower at 9.48%.
GSWO
- 1D
- 0.17%
- 1M
- 0.80%
- 6M
- 8.66%
- YTD
- 9.77%
- 1Y
- 15.09%
- 3Y*
- 16.39%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.08%
ITOT
- 1D
- 0.07%
- 1M
- 0.48%
- 6M
- 7.83%
- YTD
- 9.48%
- 1Y
- 17.56%
- 3Y*
- 18.70%
- 5Y*
- 11.47%
- 10Y*
- 14.42%
- ALL TIME*
- 10.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.06M | $3.14M | $3.93M | |
| $228.53M | $259.55M | $322.53M |
GSWO vs. ITOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GSWO Goldman Sachs ActiveBeta World Equity ETF | 9.77% | 18.97% | 15.29% | 16.28% | -6.15% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 9.48% | 17.00% | 23.80% | 26.12% | -11.56% |
Correlation
The correlation between GSWO and ITOT is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.88 |
The correlation between GSWO and ITOT has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
GSWO vs. ITOT — Risk / Return Rank
GSWO
ITOT
GSWO vs. ITOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta World Equity ETF (GSWO) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSWO | ITOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.04 | -0.32 |
| Martin ratioReturn relative to average drawdown | 7.82 | 8.79 | -0.98 |
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Drawdowns
GSWO vs. ITOT - Drawdown Comparison
The maximum GSWO drawdown since its inception was -17.77%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for GSWO and ITOT.
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Drawdown Indicators
| GSWO | ITOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -55.20% | +37.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -8.90% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -9.97% | -19.44% | +9.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -1.97% | -2.31% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -6.94% | +3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.06% | -0.11% |
Volatility
GSWO vs. ITOT - Volatility Comparison
Goldman Sachs ActiveBeta World Equity ETF (GSWO) and iShares Core S&P Total U.S. Stock Market ETF (ITOT) have volatilities of 3.09% and 3.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSWO | ITOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 3.06% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.30% | 10.02% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.66% | 12.94% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.02% | 17.44% | -4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.02% | 18.25% | -5.23% |
GSWO vs. ITOT - Expense Ratio Comparison
GSWO has a 0.25% expense ratio, which is higher than ITOT's 0.03% 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. ITOT - Dividend Comparison
GSWO's dividend yield for the trailing twelve months is around 1.55%, more than ITOT's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSWO Goldman Sachs ActiveBeta World Equity ETF | 1.55% | 1.74% | 1.75% | 2.06% | 1.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 1.02% | 1.11% | 1.23% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% |
Frequently Asked Questions
GSWO and ITOT have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSWO has higher volatility (3.09%) compared to ITOT (3.06%). In terms of maximum drawdown, GSWO dropped -17.77% vs ITOT's -55.20%.
On 3-year performance, ITOT leads with 18.70% vs 16.39% for GSWO. On fees, ITOT is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ITOT has performed better with a 18.70% return vs 16.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITOT is cheaper with a 0.03% expense ratio, compared with 0.25% for GSWO.
GSWO has the higher dividend yield at 1.55%, compared with 1.02% for ITOT.
GSWO is categorized as Global Equities, while ITOT is Large Cap Blend Equities. GSWO tracks Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net, while ITOT tracks S&P Total Market Index. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.25% for GSWO and 0.03% for ITOT.
ITOT currently has the higher Sharpe Ratio (1.40 vs 1.31), 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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