GSGO vs JGRO

GSGO vs JGRO

Which is better, GSGO or JGRO?

Nearly the same fund. JGRO costs less.

JGRO has a lower expense ratio. GSGO led over 1Y. The two have moved almost in lockstep, correlation 0.98. JGRO is less concentrated, with 51.3% of the fund in its ten largest positions against 53.7%.

Lower Fees: JGROHigher Returns (1Y): GSGOLess Concentrated: JGRO

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

MetricGSGOJGRO
Expense Ratio0.45%0.44%Best
AUM$177M$9.0B
Dividend Yield0.00%0.16%
Holdings107273
YTD Return-0.53%Best-6.69%
1Y Return+0.77%Best-7.08%
3Y Return (annualized)-+15.90%
Volatility (annualized)21.1%18.0%Best
Top 10 Weight53.7%51.3%Best
Fund FamilyGoldman Sachs Asset ManagementJ.P. Morgan Asset Management
CategoryEquityEquity
StyleLarge Cap GrowthLarge Cap Growth
InceptionMay 24, 1999Aug 8, 2022

Not shown on this pair: 5Y Return (annualized), Max Drawdown, $10,000 over the window.

GSGO vs JGRO 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.

Compare GSGO against instead:GSGO vs SPYGSGO vs QQQGSGO vs VOOGSGO vs VTIJGRO against:JGRO vs VXUS

GSGO vs JGRO Performance

Goldman Sachs Growth Opportunities ETF (GSGO) is an ETF from Goldman Sachs Asset Management and JPMorgan Active Growth ETF (JGRO) is an ETF from J.P. Morgan Asset Management. Over the past year GSGO returned +0.77% while JGRO returned -7.08%. Year to date, GSGO is down 0.53% versus a loss of 6.69% for JGRO.

Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

GSGO has been the more volatile fund, with annualized monthly volatility of 21.1% compared with 18.0% for JGRO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.

Fees and Cost Over Time

GSGO charges 0.45% per year while JGRO charges 0.44%. On a $10,000 position that is $45 vs $44 annually, a gap of $1 per year that compounds over a long holding period. On income, GSGO currently yields 0.00% against 0.16% for JGRO.

Holdings Overlap

GSGO already in JGRO64.4%
JGRO already in GSGO61.0%

64.4% of GSGO's money is in holdings JGRO also owns. 61.0% of JGRO's money is in holdings GSGO also owns.

The two portfolios partly overlap.

28 positions in common, counted across the 53 positions we hold weights for in GSGO and 136 in JGRO, against full books of 107 and 273.

What only one of them owns

Our book lists 101 positions for JGRO that do not appear in our book for GSGO (37.6% of the fund), and 22 for GSGO that do not appear in JGRO (29.0%).

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

StockWeight in GSGOWeight in JGRODifference
NVDANvidia Corp12.24%12.58%0.34%
GOOGAlphabet Inc. C3.37%10.79%7.42%
MSFTMicrosoft Corp7.12%4.82%2.30%
METAMeta Platforms Inc5.39%3.04%2.35%
AAPLApple Inc2.28%6.12%3.84%
AMDAdvanced Micro Devices Inc4.22%3.27%0.95%
AVGOBroadcom Inc2.62%3.96%1.34%
MUMicron Technology, Inc.3.74%2.43%1.31%
LLYEli Lilly & Co2.84%2.51%0.33%
PANWPalo Alto Networks Inc.2.35%1.70%0.65%

64.4% of GSGO is already inside JGRO.

You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.

GSGOJGRO

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Frequently Asked Questions

Which is cheaper, GSGO or JGRO?

GSGO has an expense ratio of 0.45% while JGRO charges 0.44%. JGRO is the cheaper option, by $1 a year on a $10,000 investment.

Which performed better, GSGO or JGRO?

Over the past year GSGO returned +0.77% vs -7.08% for JGRO, so GSGO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.

Which is riskier, GSGO or JGRO?

GSGO has been the more volatile fund at 21.1% annualized versus 18.0% for JGRO.

Should I hold both GSGO and JGRO?

GSGO and JGRO have a monthly-return correlation of 0.98, 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 GSGO and JGRO?

64.4% of GSGO's money is in holdings JGRO also owns. 61.0% of JGRO's is in holdings GSGO also owns. They hold 28 positions in common, counted across the 53 positions we hold weights for in GSGO and 136 in JGRO.

Which pays a higher dividend, GSGO or JGRO?

GSGO yields 0.00% while JGRO yields 0.16%, so JGRO currently pays the higher dividend yield.

Is JGRO better than GSGO?

JGRO has a lower expense ratio. GSGO led over 1Y. The two have moved almost in lockstep, correlation 0.98. JGRO is less concentrated, with 51.3% of the fund in its ten largest positions against 53.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.