GSUS vs VOO
Goldman Sachs MarketBeta US Equity ETF vs Vanguard S&P 500 ETF
Which is better, GSUS or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. GSUS led over the full window, VOO over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 1.00. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 38.7%.
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 | GSUS | VOO |
|---|---|---|
| Expense Ratio | 0.07% | 0.03%Best |
| AUM | $3.3B | $997.4B |
| Dividend Yield | 0.97% | 1.04% |
| Holdings | 417 | 509 |
| YTD Return | +11.58% | +12.25%Best |
| 1Y Return | +15.70% | +17.03%Best |
| 3Y Return (annualized) | +21.20% | +21.25%Best |
| 5Y Return (annualized) | +12.51% | +13.08%Best |
| Volatility (annualized) | 15.7% | 15.4%Best |
| Max Drawdown | -25.6% | -24.5%Best |
| $10,000 over 5 years | $18,028 | $18,490Best |
| Top 10 Weight | 38.7% | 37.6%Best |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 12, 2020 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: May 15, 2020 to Sep 17, 2026 (6.3 years).
GSUS vs VOO 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 6.3 years both funds cover.
GSUS vs VOO Performance
Goldman Sachs MarketBeta US Equity ETF (GSUS) is an ETF from Goldman Sachs Asset Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year GSUS returned +15.70% while VOO returned +17.03%. Year to date, GSUS is up 11.58% versus a gain of 12.25% for VOO.
Over three years, GSUS compounded at +21.20% per year against +21.25% for VOO; over five years the annualized figures are +12.51% and +13.08% respectively. Across the full 6-year window we track, GSUS has the edge at +18.25% annualized vs +18.16%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GSUS has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 15.4% for VOO. 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 -25.6% for GSUS and -24.5% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GSUS charges 0.07% per year while VOO charges 0.03%. On a $10,000 position that is $7 vs $3 annually, a gap of $4 per year that compounds over a long holding period. On income, GSUS currently yields 0.97% against 1.04% for VOO.
Holdings Overlap
96.5% of GSUS's money is in holdings VOO also owns. 95.2% of VOO's money is in holdings GSUS also owns.
Most of GSUS is already inside VOO. Owning both mostly buys the same companies twice.
358 positions in common, counted across the 392 positions we hold weights for in GSUS and 494 in VOO, against full books of 417 and 509.
What only one of them owns
Our book lists 131 positions for VOO that do not appear in our book for GSUS (4.1% of the fund), and 27 for GSUS that do not appear in VOO (1.7%).
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 GSUS | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.16% | 7.55% | 0.61% |
| AAPLApple, Inc | 7.20% | 7.05% | 0.15% |
| MSFTMicrosoft Corp | 5.74% | 5.36% | 0.38% |
| AMZNAmazon.Com Inc | 3.82% | 4.13% | 0.31% |
| GOOGLAlphabet Inc,class A | 3.07% | 3.24% | 0.17% |
| AVGOBroadcom Inc | 2.56% | 2.86% | 0.30% |
| GOOGAlphabet Inc | 2.64% | 2.62% | 0.02% |
| METAMeta Platforms Inc | 2.06% | 1.90% | 0.16% |
| TSLATesla Inc | 1.77% | 1.36% | 0.41% |
| MUMicron Technology, Inc. | 1.66% | 1.44% | 0.22% |
96.5% of GSUS is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, GSUS or VOO?
GSUS has an expense ratio of 0.07% while VOO charges 0.03%. VOO is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, GSUS or VOO?
Over the past year GSUS returned +15.70% vs +17.03% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (6 years), GSUS annualized +18.25% vs +18.16% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSUS or VOO?
GSUS has been the more volatile fund at 15.7% annualized versus 15.4% for VOO. Worst drawdown: GSUS -25.6% vs VOO -24.5%.
Should I hold both GSUS and VOO?
GSUS and VOO have a monthly-return correlation of 1.00, 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 GSUS and VOO?
96.5% of GSUS's money is in holdings VOO also owns. 95.2% of VOO's is in holdings GSUS also owns. They hold 358 positions in common, counted across the 392 positions we hold weights for in GSUS and 494 in VOO.
Which pays a higher dividend, GSUS or VOO?
GSUS yields 0.97% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than GSUS?
VOO has a lower expense ratio. GSUS led over the full window, VOO over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 1.00. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 38.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.