GUSE vs. SPCT

Last updated Jul 18, 2026

GUSE (Goldman Sachs Enhanced U.S. Equity ETF) and SPCT (Liberty One Spectrum ETF) are both Large Cap Blend Equities funds. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. GUSE charges 0.30%/yr vs 0.85%/yr for SPCT.

Performance

GUSE vs. SPCT - Performance Comparison

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

Returns By Period

In the year-to-date period, GUSE achieves a 10.86% return, which is significantly higher than SPCT's 9.50% return.

GUSE

• 1D: -0.79%
• 1M: 0.84%
• 6M: 8.88%
• YTD: 10.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPCT

• 1D: -0.38%
• 1M: 2.20%
• 6M: 6.42%
• YTD: 9.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GUSE vs. SPCT - Yearly Performance Comparison

	2026 (YTD)	2025
GUSE Goldman Sachs Enhanced U.S. Equity ETF	10.86%	2.38%
SPCT Liberty One Spectrum ETF	9.50%	0.38%

Correlation

The correlation between GUSE and SPCT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.46

Return for Risk

GUSE vs. SPCT - Risk-Adjusted Trends Comparison

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

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

Drawdowns

GUSE vs. SPCT - Drawdown Comparison

The maximum GUSE drawdown since its inception was -8.54%, which is greater than SPCT's maximum drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for GUSE and SPCT.

Drawdown Indicators

	GUSE	SPCT	Difference
Max Drawdown Largest peak-to-trough decline	-8.54%	-7.17%	-1.37%
Current Drawdown Current decline from peak	-1.40%	-0.38%	-1.02%
Average Drawdown Average peak-to-trough decline	-1.40%	-1.48%	+0.08%

Volatility

Volatility by Period

	GUSE	SPCT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.87%	9.26%	+4.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.87%	9.26%	+4.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.87%	9.26%	+4.61%

GUSE vs. SPCT - Expense Ratio Comparison

GUSE has a 0.30% expense ratio, which is lower than SPCT's 0.85% expense ratio.

Dividends

GUSE vs. SPCT - Dividend Comparison

GUSE's dividend yield for the trailing twelve months is around 0.66%, less than SPCT's 0.77% yield.

Position	TTM	2025
GUSE Goldman Sachs Enhanced U.S. Equity ETF	0.66%	0.73%
SPCT Liberty One Spectrum ETF	0.77%	0.16%

Frequently Asked Questions

Can I hold both GUSE and SPCT in my portfolio?

GUSE and SPCT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GUSE or SPCT?

On fees, GUSE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GUSE or SPCT?

GUSE is cheaper with a 0.30% expense ratio, compared with 0.85% for SPCT.

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

SPCT has the higher dividend yield at 0.77%, compared with 0.66% for GUSE.

What is the main difference between GUSE and SPCT?

They also come from different issuers: Goldman Sachs and Liberty One. Their fees differ too: 0.30% for GUSE and 0.85% for SPCT.