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GVUS vs. IWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GVUS vs. IWX

Last updated Aug 2, 2026
Documentation

GVUS (Goldman Sachs MarketBeta Russell 1000 Value Equity ETF) and IWX (iShares Russell Top 200 Value ETF) are both Large Cap Value Equities funds - GVUS tracks the Russell 1000 Value 40 Act Daily Capped Index - Benchmark TR Gross while IWX tracks the Russell Top 200 Value Index. Both are passively managed. Over the past year, GVUS returned 32.63% vs 34.92% for IWX. Their 0.97 correlation means they have historically moved very closely together. GVUS charges 0.12%/yr vs 0.20%/yr for IWX.

Performance

GVUS vs. IWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) and iShares Russell Top 200 Value ETF (IWX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with GVUS having a 20.44% return and IWX slightly higher at 20.90%.

GVUS

1D
0.40%
1M
1.97%
6M
15.29%
YTD
20.44%
1Y
32.63%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
21.48%

IWX

1D
0.74%
1M
2.59%
6M
15.57%
YTD
20.90%
1Y
34.92%
3Y*
18.98%
5Y*
12.65%
10Y*
12.13%
ALL TIME*
11.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

GVUS

Goldman Sachs MarketBeta Russell 1000 Value Equity ETF
$3.81M$1.84M$668.69K

IWX

iShares Russell Top 200 Value ETF
$55.11M$49.72M$33.93M

GVUS vs. IWX - Yearly Performance Comparison

2026 (YTD)202520242023
GVUS
Goldman Sachs MarketBeta Russell 1000 Value Equity ETF		20.44%15.90%14.08%5.51%
IWX
iShares Russell Top 200 Value ETF		20.90%18.23%14.89%5.26%

Correlation

The correlation between GVUS and IWX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.98

Correlation (All Time)
Calculated using the full available price history since Nov 30, 2023

0.97

The correlation between GVUS and IWX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

GVUS vs. IWX - Sectors Allocation Comparison

Sectors
GVUS
IWX

Technology

19.6%
22.6%

Financial Services

19.3%
20.0%

Healthcare

12.6%
13.6%

Industrials

10.3%
8.3%

Consumer Cyclical

10.2%
11.6%

Consumer Defensive

7.3%
8.2%

Energy

6.1%
5.1%

Utilities

3.9%
2.6%

Real Estate

3.8%
1.8%

Basic Materials

3.5%
2.8%

Communication Services

3.2%
3.5%

Technology

GVUS
19.6%
IWX
22.6%

Financial Services

GVUS
19.3%
IWX
20.0%

Healthcare

GVUS
12.6%
IWX
13.6%

Industrials

GVUS
10.3%
IWX
8.3%

Consumer Cyclical

GVUS
10.2%
IWX
11.6%

Consumer Defensive

GVUS
7.3%
IWX
8.2%

Energy

GVUS
6.1%
IWX
5.1%

Utilities

GVUS
3.9%
IWX
2.6%

Real Estate

GVUS
3.8%
IWX
1.8%

Basic Materials

GVUS
3.5%
IWX
2.8%

Communication Services

GVUS
3.2%
IWX
3.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Goldman Sachs MarketBeta Russell 1000 Value Equity ETF

iShares Russell Top 200 Value ETF

Often compared with GVUS:
GVUS vs. GXUSGVUS vs. IWDGVUS vs. VONVGVUS vs. COFGVUS vs. GSLCGVUS vs. CDCGVUS vs. FDL
Often compared with IWX:
IWX vs. IWNIWX vs. IWYIWX vs. IWCIWX vs. IWFIWX vs. XLPIWX vs. QQQIWX vs. SPYV

Return for Risk

GVUS vs. IWX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
GVUS
GVUS Risk / Return Rank: 9494
Overall Rank
GVUS Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
GVUS Sortino Ratio Rank: 9494
Sortino Ratio Rank
GVUS Omega Ratio Rank: 9494
Omega Ratio Rank
GVUS Calmar Ratio Rank: 9494
Calmar Ratio Rank
GVUS Martin Ratio Rank: 9595
Martin Ratio Rank
IWX
IWX Risk / Return Rank: 9595
Overall Rank
IWX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IWX Sortino Ratio Rank: 9696
Sortino Ratio Rank
IWX Omega Ratio Rank: 9595
Omega Ratio Rank
IWX Calmar Ratio Rank: 9595
Calmar Ratio Rank
IWX Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GVUS vs. IWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) and iShares Russell Top 200 Value ETF (IWX). 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.

GVUSIWXDifference
Sharpe ratioReturn per unit of total volatility
2.76
3.10

-0.33

Sortino ratioReturn per unit of downside risk
3.88
4.28

-0.41

Omega ratioGain probability vs. loss probability

1.50

1.55

-0.06

Calmar ratioReturn relative to maximum drawdown

4.67

5.05

-0.38

Martin ratioReturn relative to average drawdown

19.95

22.22

-2.26

GVUS vs. IWX - Sharpe Ratio Comparison

The current GVUS Sharpe Ratio is 2.76, which is comparable to the IWX Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of GVUS and IWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

GVUS vs. IWX - Drawdown Comparison

The maximum GVUS drawdown since its inception was -15.82%, smaller than the maximum IWX drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for GVUS and IWX.

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Drawdown Indicators

GVUSIWXDifference

Max Drawdown

Largest peak-to-trough decline

-15.82%

-35.76%

+19.94%

Max Drawdown (1Y)

Largest decline over 1 year

-6.68%

-6.59%

-0.09%

Max Drawdown (3Y)

Largest decline over 3 years

—

-13.37%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.13%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.76%

—

Current Drawdown

Current decline from peak

-0.18%

0.00%

-0.18%

Average Drawdown

Average peak-to-trough decline

-1.92%

-3.79%

+1.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.56%

1.50%

+0.06%

Volatility

GVUS vs. IWX - Volatility Comparison

The current volatility for Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) is 2.93%, while iShares Russell Top 200 Value ETF (IWX) has a volatility of 3.10%. This indicates that GVUS experiences smaller price fluctuations and is considered to be less risky than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GVUSIWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.93%

3.10%

-0.17%

Volatility (6M)

Calculated over the trailing 6-month period

8.63%

8.46%

+0.17%

Volatility (1Y)

Calculated over the trailing 1-year period

11.34%

10.81%

+0.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.21%

13.89%

-0.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.21%

16.48%

-3.27%

GVUS vs. IWX - Expense Ratio Comparison

GVUS has a 0.12% expense ratio, which is lower than IWX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GVUS vs. IWX - Dividend Comparison

GVUS's dividend yield for the trailing twelve months is around 1.49%, more than IWX's 1.39% yield.

PositionTTM20252024202320222021202020192018201720162015
GVUS
Goldman Sachs MarketBeta Russell 1000 Value Equity ETF		1.49%1.77%2.04%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IWX
iShares Russell Top 200 Value ETF		1.39%1.59%1.97%2.13%2.07%1.79%2.12%2.60%2.66%2.12%2.22%2.77%

Frequently Asked Questions

With a correlation of 0.98, GVUS and IWX 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.

IWX has higher volatility (3.10%) compared to GVUS (2.93%). In terms of maximum drawdown, GVUS dropped -15.82% vs IWX's -35.76%.

On 1-year performance, IWX leads with 34.92% vs 32.63% for GVUS. On fees, GVUS is cheaper at 0.12% per year. On volatility, GVUS has been the lower-risk option at 2.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, IWX has performed better with a 34.92% return vs 32.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

GVUS is cheaper with a 0.12% expense ratio, compared with 0.20% for IWX.

GVUS has the higher dividend yield at 1.49%, compared with 1.39% for IWX.

GVUS tracks Russell 1000 Value 40 Act Daily Capped Index - Benchmark TR Gross, while IWX tracks Russell Top 200 Value Index. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.12% for GVUS and 0.20% for IWX.

IWX currently has the higher Sharpe Ratio (3.10 vs 2.76), 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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