GUSE vs. GSLC

Last updated Jun 4, 2026

GUSE (Goldman Sachs Enhanced U.S. Equity ETF) and GSLC (Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF) are both exchange-traded funds - GUSE is a Large Cap Blend Equities fund actively managed by Goldman Sachs, while GSLC is a Large Cap Growth Equities fund tracking the Goldman Sachs ActiveBeta U.S. Large Cap Equity Index. GUSE is actively managed, while GSLC is passively managed. With a 0.98 correlation, they move nearly in lockstep. GUSE charges 0.30%/yr vs 0.09%/yr for GSLC.

Performance

GUSE vs. GSLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Enhanced U.S. Equity ETF (GUSE) and Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GUSE achieves a 11.62% return, which is significantly higher than GSLC's 8.50% return.

GUSE

• 1D: -0.72%
• 1M: 5.49%
• YTD: 11.62%
• 6M: 11.59%
• 1Y: —
• 3Y*: —
• 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%

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

GUSE vs. GSLC - Yearly Performance Comparison

	2026 (YTD)	2025
GUSE Goldman Sachs Enhanced U.S. Equity ETF	11.62%	2.91%
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	8.50%	3.17%

Correlation

The correlation between GUSE and GSLC is 0.98 - 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 (All Time) Calculated using the full available price history since Nov 18, 2025	0.98

Return for Risk

GUSE vs. GSLC — Risk / Return Rank

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

GSLC

GSLC Risk / Return Rank: 56
GSLC Sharpe Ratio Rank: 58
GSLC Sortino Ratio Rank: 57
GSLC Omega Ratio Rank: 58
GSLC Calmar Ratio Rank: 49
GSLC Martin Ratio Rank: 60

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.

GUSE vs. GSLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Enhanced U.S. Equity ETF (GUSE) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GUSE	GSLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.00	—
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	2.16	0.82	+1.34

Drawdowns

GUSE vs. GSLC - Drawdown Comparison

The maximum GUSE drawdown since its inception was -8.54%, smaller than the maximum GSLC drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for GUSE and GSLC.

Drawdown Indicators

	GUSE	GSLC	Difference
Max Drawdown Largest peak-to-trough decline	-8.54%	-33.69%	+25.15%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.49%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.69%	—
Current Drawdown Current decline from peak	-0.72%	-0.67%	-0.05%
Average Drawdown Average peak-to-trough decline	-1.34%	-4.39%	+3.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.13%	—

Volatility

Volatility by Period

	GUSE	GSLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.73%	11.72%	+2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.73%	16.62%	-2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.73%	17.68%	-3.95%

GUSE vs. GSLC - Expense Ratio Comparison

GUSE has a 0.30% expense ratio, which is higher than GSLC's 0.09% expense ratio.

Dividends

GUSE vs. GSLC - Dividend Comparison

GUSE's dividend yield for the trailing twelve months is around 0.65%, less 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%
GUSE Goldman Sachs Enhanced U.S. Equity ETF	0.65%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GUSE and GSLC in my portfolio?

With a correlation of 0.98, GUSE and GSLC 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 ETF is better, GUSE or GSLC?

On fees, GSLC is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GUSE or GSLC?

GSLC is cheaper with a 0.09% expense ratio, compared with 0.30% for GUSE.

Which ETF pays a higher dividend yield, GUSE or GSLC?

GSLC has the higher dividend yield at 0.93%, compared with 0.65% for GUSE.

What is the main difference between GUSE and GSLC?

GUSE is categorized as Large Cap Blend Equities, while GSLC is Large Cap Growth Equities. Their fees differ too: 0.30% for GUSE and 0.09% for GSLC.