GUSA vs IVV
Goldman Sachs MarketBeta US 1000 Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. GUSA offers more diversification with 1,009 holdings.
Side-by-Side Comparison
| Metric | GUSA | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.03% | |
| AUM | $2.4B | $907.0B | |
| Dividend Yield | 0.99% | 1.10% | |
| Holdings | 1,009 | 508 | |
| YTD Return | +12.88% | +12.71% | |
| 1Y Return | +21.78% | +21.89% | |
| 3Y Return (annualized) | +21.68% | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 15.5% | 15.1% | |
| Max Drawdown | -19.6% | -56.5% | |
| Fund Family | Goldman Sachs Asset Management | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Apr 5, 2022 | May 15, 2000 |
GUSA vs IVV Performance
Goldman Sachs MarketBeta US 1000 Equity ETF (GUSA) is a ETF from Goldman Sachs Asset Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GUSA returned +21.78% while IVV returned +21.89%. Year to date, GUSA is up 12.88% versus a gain of 12.71% for IVV.
Over three years, GUSA compounded at +21.68% per year against +22.08% for IVV. Across the full 4-year window we track, GUSA has the edge at +14.66% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GUSA has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 15.1% 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 -19.6% for GUSA and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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
GUSA charges 0.10% per year while IVV charges 0.03%. On a $10,000 position that is $10 vs $3 annually, a gap of $7 per year that compounds over a long holding period. On income, GUSA currently yields 0.99% against 1.10% for IVV.
Holdings Overlap
GUSA and IVV share 480 holdings out of 920 unique holdings combined, representing a 90.1% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, GUSA or IVV?
GUSA has an expense ratio of 0.10% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, GUSA or IVV?
Over the past year GUSA returned +21.78% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), GUSA annualized +14.66% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, GUSA or IVV?
GUSA has been the more volatile fund at 15.5% annualized versus 15.1% for IVV. Worst drawdown: GUSA -19.6% vs IVV -56.5%.
Should I hold both GUSA and IVV?
GUSA and IVV have a monthly-return correlation of 1.00, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between GUSA and IVV?
GUSA and IVV share 480 common holdings with a 90.1% weight overlap. Combined, they hold 920 unique securities.
Which pays a higher dividend, GUSA or IVV?
GUSA yields 0.99% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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