PAWZ vs. GSWO
PAWZ (ProShares Pet Care ETF) and GSWO (Goldman Sachs ActiveBeta World Equity ETF) are both Global Equities funds - PAWZ tracks the FactSet Pet Care Index while GSWO tracks the Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, PAWZ returned -0.92%/yr vs 16.54%/yr for GSWO. Their 0.70 correlation means they have sometimes moved together and sometimes differently. PAWZ charges 0.50%/yr vs 0.25%/yr for GSWO.
Performance
PAWZ vs. GSWO - Performance Comparison
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Returns By Period
In the year-to-date period, PAWZ achieves a -8.33% return, which is significantly lower than GSWO's 9.97% return.
PAWZ
- 1D
- 2.03%
- 1M
- 3.85%
- 6M
- -10.65%
- YTD
- -8.33%
- 1Y
- -12.73%
- 3Y*
- -0.92%
- 5Y*
- -9.39%
- 10Y*
- —
- ALL TIME*
- 3.51%
GSWO
- 1D
- 0.18%
- 1M
- 1.07%
- 6M
- 8.27%
- YTD
- 9.97%
- 1Y
- 15.29%
- 3Y*
- 16.54%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.04M | $3.29M | $3.87M | |
| $91.97K | $88.04K | $268.83K |
PAWZ vs. GSWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PAWZ ProShares Pet Care ETF | -8.33% | 1.21% | 3.88% | 12.47% | -27.47% |
GSWO Goldman Sachs ActiveBeta World Equity ETF | 9.97% | 18.97% | 15.29% | 16.28% | -6.15% |
Correlation
The correlation between PAWZ and GSWO is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.70 |
The correlation between PAWZ and GSWO shifts across timeframes, from 0.53 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PAWZ vs. GSWO — Risk / Return Rank
PAWZ
GSWO
PAWZ vs. GSWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Pet Care ETF (PAWZ) and Goldman Sachs ActiveBeta World Equity ETF (GSWO). 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.
| PAWZ | GSWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.24 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 1.72 | -2.33 |
| Martin ratioReturn relative to average drawdown | -1.23 | 7.87 | -9.10 |
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Drawdowns
PAWZ vs. GSWO - Drawdown Comparison
The maximum PAWZ drawdown since its inception was -50.07%, which is greater than GSWO's maximum drawdown of -17.77%. Use the drawdown chart below to compare losses from any high point for PAWZ and GSWO.
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Drawdown Indicators
| PAWZ | GSWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.07% | -17.77% | -32.30% |
Max Drawdown (1Y)Largest decline over 1 year | -21.10% | -8.93% | -12.17% |
Max Drawdown (3Y)Largest decline over 3 years | -23.12% | -9.97% | -13.15% |
Max Drawdown (5Y)Largest decline over 5 years | -50.07% | — | — |
Current DrawdownCurrent decline from peak | -39.02% | -1.79% | -37.23% |
Average DrawdownAverage peak-to-trough decline | -22.89% | -3.19% | -19.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.41% | 1.96% | +8.45% |
Volatility
PAWZ vs. GSWO - Volatility Comparison
ProShares Pet Care ETF (PAWZ) has a higher volatility of 5.44% compared to Goldman Sachs ActiveBeta World Equity ETF (GSWO) at 3.07%. This indicates that PAWZ's price experiences larger fluctuations and is considered to be riskier than GSWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAWZ | GSWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 3.07% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 10.30% | +2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.17% | 11.68% | +5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.35% | 13.02% | +7.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.63% | 13.02% | +8.61% |
PAWZ vs. GSWO - Expense Ratio Comparison
PAWZ has a 0.50% expense ratio, which is higher than GSWO's 0.25% expense ratio.
Dividends
PAWZ vs. GSWO - Dividend Comparison
PAWZ's dividend yield for the trailing twelve months is around 0.70%, less than GSWO's 1.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
PAWZ ProShares Pet Care ETF | 0.70% | 0.81% | 0.63% | 0.44% | 0.54% | 0.18% | 0.14% | 0.35% | 0.07% |
Frequently Asked Questions
PAWZ and GSWO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAWZ has higher volatility (5.44%) compared to GSWO (3.07%). In terms of maximum drawdown, PAWZ dropped -50.07% vs GSWO's -17.77%.
On 3-year performance, GSWO leads with 16.54% vs -0.92% for PAWZ. On fees, GSWO is cheaper at 0.25% per year. On volatility, GSWO has been the lower-risk option at 3.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GSWO has performed better with a 16.54% return vs -0.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSWO is cheaper with a 0.25% expense ratio, compared with 0.50% for PAWZ.
GSWO has the higher dividend yield at 1.55%, compared with 0.70% for PAWZ.
PAWZ tracks FactSet Pet Care Index, while GSWO tracks Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net. They also come from different issuers: ProShares and Goldman Sachs. Their fees differ too: 0.50% for PAWZ and 0.25% for GSWO.
GSWO currently has the higher Sharpe Ratio (1.32 vs -0.75), 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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