GUSA vs. IVV

Last updated Jun 24, 2026

GUSA (Goldman Sachs MarketBeta U.S. 1000 Equity ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - GUSA is a Large Cap Blend Equities fund tracking the Solactive GBS United States 1000 Index - Benchmark TR Gross, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, GUSA returned 20.71%/yr vs 20.79%/yr for IVV. With a 0.98 correlation, they move nearly in lockstep. GUSA charges 0.11%/yr vs 0.03%/yr for IVV.

Performance

GUSA vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GUSA having a 8.36% return and IVV slightly lower at 8.20%.

GUSA

• 1D: -1.26%
• 1M: -0.79%
• YTD: 8.36%
• 6M: 7.38%
• 1Y: 23.51%
• 3Y*: 20.71%
• 5Y*: —
• 10Y*: —

IVV

• 1D: -1.42%
• 1M: -1.34%
• YTD: 8.20%
• 6M: 7.25%
• 1Y: 23.72%
• 3Y*: 20.79%
• 5Y*: 13.13%
• 10Y*: 15.58%

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

GUSA vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF	8.36%	17.51%	24.46%	26.61%	-12.69%
IVV iShares Core S&P 500 ETF	8.20%	17.85%	24.93%	26.31%	-11.92%

Correlation

The correlation between GUSA and IVV is 0.99 - 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 (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (All Time) Calculated using the full available price history since Apr 12, 2022	0.98

The correlation between GUSA and IVV has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

GUSA vs. IVV - Sectors Allocation Comparison

Sectors	GUSA	IVV
Technology	37.4%	39.0%
Financial Services	10.8%	11.1%
Communication Services	10.4%	10.6%
Consumer Cyclical	10.2%	9.9%
Industrials	9.0%	7.8%
Healthcare	8.6%	8.3%
Consumer Defensive	4.3%	4.5%
Energy	3.2%	3.1%
Utilities	2.1%	2.1%
Real Estate	2.0%	1.8%
Basic Materials	2.0%	1.7%

Return for Risk

GUSA vs. IVV — Risk / Return Rank

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

GUSA

GUSA Risk / Return Rank: 61
GUSA Sharpe Ratio Rank: 60
GUSA Sortino Ratio Rank: 58
GUSA Omega Ratio Rank: 58
GUSA Calmar Ratio Rank: 57
GUSA Martin Ratio Rank: 69

IVV

IVV Risk / Return Rank: 59
IVV Sharpe Ratio Rank: 59
IVV Sortino Ratio Rank: 56
IVV Omega Ratio Rank: 58
IVV Calmar Ratio Rank: 56
IVV Martin Ratio Rank: 67

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.

GUSA vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) and iShares Core S&P 500 ETF (IVV). 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.

	GUSA	IVV	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.91	-0.07
Sortino ratio: Return per unit of downside risk	2.53	2.60	-0.07
Omega ratio: Gain probability vs. loss probability	1.33	1.35	-0.02
Calmar ratio: Return relative to maximum drawdown	2.62	2.68	-0.06
Martin ratio: Return relative to average drawdown	11.65	11.98	-0.33

GUSA vs. IVV - Sharpe Ratio Comparison

The current GUSA Sharpe Ratio is 1.85, which is comparable to the IVV Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of GUSA and IVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GUSA vs. IVV - Drawdown Comparison

The maximum GUSA drawdown since its inception was -19.61%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for GUSA and IVV.

Drawdown Indicators

	GUSA	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-19.61%	-55.25%	+35.64%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-8.89%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-19.61%	-18.75%	-0.86%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.90%	—
Current Drawdown Current decline from peak	-2.85%	-3.14%	+0.29%
Average Drawdown Average peak-to-trough decline	-4.35%	-10.76%	+6.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	1.99%	+0.03%

Volatility

GUSA vs. IVV - Volatility Comparison

Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) and iShares Core S&P 500 ETF (IVV) have volatilities of 4.77% and 4.88%, 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.

Volatility by Period

	GUSA	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	4.88%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	10.09%	9.85%	+0.24%
Volatility (1Y) Calculated over the trailing 1-year period	12.81%	12.48%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.29%	16.98%	+0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.29%	18.07%	-0.78%

GUSA vs. IVV - Expense Ratio Comparison

GUSA has a 0.11% expense ratio, which is higher than IVV'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

GUSA vs. IVV - Dividend Comparison

GUSA's dividend yield for the trailing twelve months is around 0.98%, less than IVV's 1.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF	0.98%	0.99%	1.16%	1.36%	1.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IVV iShares Core S&P 500 ETF	1.11%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%

Frequently Asked Questions

Can I hold both GUSA and IVV in my portfolio?

With a correlation of 0.99, GUSA and IVV 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 is riskier, GUSA or IVV?

IVV has higher volatility (4.88%) compared to GUSA (4.77%). In terms of maximum drawdown, GUSA dropped -19.61% vs IVV's -55.25%.

Which ETF is better, GUSA or IVV?

On 3-year performance, IVV leads with 20.79% vs 20.71% for GUSA. On fees, IVV is cheaper at 0.03% per year. On volatility, GUSA has been the lower-risk option at 4.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GUSA or IVV?

Over the 3-year period, IVV has performed better with a 20.79% return vs 20.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GUSA or IVV?

IVV is cheaper with a 0.03% expense ratio, compared with 0.11% for GUSA.

Which ETF pays a higher dividend yield, GUSA or IVV?

IVV has the higher dividend yield at 1.11%, compared with 0.98% for GUSA.

What is the main difference between GUSA and IVV?

GUSA is categorized as Large Cap Blend Equities, while IVV is S&P 500. GUSA tracks Solactive GBS United States 1000 Index - Benchmark TR Gross, while IVV tracks S&P 500 Index. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.11% for GUSA and 0.03% for IVV.

Which has better risk-adjusted returns?

IVV currently has the higher Sharpe Ratio (1.91 vs 1.85), 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.