GSEW vs IVV
Goldman Sachs Equal Weight US Large Cap Equity ETF vs iShares Core S&P 500 ETF
Which is better, GSEW or IVV?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. GSEW is less concentrated, with 2.3% of the fund in its ten largest positions against 38.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GSEW | IVV |
|---|---|---|
| Expense Ratio | 0.09% | 0.03%Best |
| AUM | $2.0B | $882.6B |
| Dividend Yield | 1.34% | 1.06% |
| Holdings | 499 | 508 |
| YTD Return | +11.16% | +14.98%Best |
| 1Y Return | +11.28% | +17.32%Best |
| 3Y Return (annualized) | +18.27% | +23.33%Best |
| 5Y Return (annualized) | +8.53% | +13.95%Best |
| Volatility (annualized) | 17.1% | 16.1%Best |
| Max Drawdown | -38.6% | -33.9%Best |
| $10,000 over 5 years | $15,057 | $19,212Best |
| Top 10 Weight | 2.3%Best | 38.1% |
| Fund Family | Goldman Sachs Asset Management | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 12, 2017 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Sep 14, 2017 to Oct 6, 2026 (9.1 years).
GSEW vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.1 years both funds cover.
GSEW vs IVV Performance
Goldman Sachs Equal Weight US Large Cap Equity ETF (GSEW) is an ETF from Goldman Sachs Asset Management and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year GSEW returned +11.28% while IVV returned +17.32%. Year to date, GSEW is up 11.16% versus a gain of 14.98% for IVV.
Over three years, GSEW compounded at +18.27% per year against +23.33% for IVV; over five years the annualized figures are +8.53% and +13.95% respectively. Across the full 9-year window we track, IVV has the edge at +14.33% annualized vs +11.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GSEW has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 16.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -38.6% for GSEW and -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GSEW charges 0.09% per year while IVV charges 0.03%. On a $10,000 position that is $9 vs $3 annually, a gap of $6 per year that compounds over a long holding period. On income, GSEW currently yields 1.34% against 1.06% for IVV.
Holdings Overlap
82.8% of GSEW's money is in holdings IVV also owns. 94.9% of IVV's money is in holdings GSEW also owns.
Most of IVV is already inside GSEW. Owning both mostly buys the same companies twice.
414 positions in common, counted across the 498 positions we hold weights for in GSEW and 505 in IVV, against full books of 499 and 508.
What only one of them owns
Our book lists 85 positions for IVV that do not appear in our book for GSEW (4.2% of the fund), and 71 for GSEW that do not appear in IVV (14.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GSEW | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 0.20% | 8.00% | 7.80% |
| AAPLApple, Inc | 0.20% | 7.39% | 7.19% |
| MSFTMicrosoft Corp | 0.20% | 5.57% | 5.37% |
| AMZNAmazon.Com Inc | 0.20% | 3.80% | 3.60% |
| GOOGLAlphabet Inc,class A | 0.20% | 3.00% | 2.80% |
| AVGOBroadcom Inc | 0.20% | 2.59% | 2.39% |
| METAMeta Platforms Inc | 0.22% | 2.15% | 1.93% |
| MUMicron Technology, Inc. | 0.21% | 1.66% | 1.45% |
| TSLATesla Inc | 0.21% | 1.56% | 1.35% |
| JPMJpmorgan Chase | 0.20% | 1.44% | 1.24% |
94.9% of IVV is already inside GSEW.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GSEW or IVV?
GSEW has an expense ratio of 0.09% while IVV charges 0.03%. IVV is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, GSEW or IVV?
Over the past year GSEW returned +11.28% vs +17.32% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (9 years), GSEW annualized +11.50% vs +14.33% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSEW or IVV?
GSEW has been the more volatile fund at 17.1% annualized versus 16.1% for IVV. Worst drawdown: GSEW -38.6% vs IVV -33.9%.
Should I hold both GSEW and IVV?
GSEW and IVV have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between GSEW and IVV?
94.9% of IVV's money is in holdings GSEW also owns. 94.9% of IVV's is in holdings GSEW also owns. They hold 414 positions in common, counted across the 498 positions we hold weights for in GSEW and 505 in IVV.
Which pays a higher dividend, GSEW or IVV?
GSEW yields 1.34% while IVV yields 1.06%, so GSEW currently pays the higher dividend yield.
Is IVV better than GSEW?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. GSEW is less concentrated, with 2.3% of the fund in its ten largest positions against 38.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.