Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
$95.44−0.05 (−0.05%)
- 0.09%
- $2.2B
- +16.5%
- 1.40%
- 0.1M sh
- $95.59
- low $80.92high $99.42
The ETF.net GSEW Grade
A
Score 79 out of 100
- 2 of 9
Score 79 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A88 out of 100Rank 1 of 9Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 7Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C45 out of 100Rank 5 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 4 of 9Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A83 out of 100Rank 2 of 9Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B65 out of 100Rank 4 of 9
Our read on GSEW
AEqual weight without the equal-weight markup. GSEW spreads roughly 500 US large caps into same-size slots and charges 0.09%, well under half the typical fee in its corner of the market.
The Fund seeks to track, before fees and expenses, the Solactive US Large Cap Equal Weight Index.
Why people hold it
- 0.09% a year against a 0.20% median for equal-weight US large-cap peers. Only iShares' EUSA matches the price.
- Every name gets the same slot, so the largest megacap counts no more than the 500th holding. A genuinely different shape than a cap-weighted S&P fund.gsam.com
- Hugs the Solactive US Large Cap Equal Weight Index closely, one of the tightest index implementations in its peer group.
- Trading since 2017 and now a multi-billion-dollar fund, so this is an established option rather than a recent launch.
Worth knowing
- Even weights pull the mix toward the smaller members of the large-cap universe and away from megacap concentration, which has made for a bumpier ride than cap-weighted peers.
- Resetting to equal weight means more turnover than a leave-it-alone cap-weighted index, and income lands quarterly rather than monthly.
- Moderately traded, not one of the volume giants of the category, so spreads can widen outside the busiest parts of the session.
GSEW Holdings
- Stocks
- 498
- 2%
- MRNA
Sectors
- Technology21.2%
- Industrials16.6%
- Financials13.6%
- Health Care11.9%
- Consumer Discretionary9.1%
- Utilities5.6%
- Consumer Staples5.4%
- Materials4.4%
- Energy4.4%
- Communication3.9%
- Real Estate3.9%
Geography
- United States94.95%
- Ireland2.02%
- United Kingdom0.81%
- Switzerland0.60%
- Netherlands0.41%
- Bermuda0.41%
- Cayman Islands0.40%
- Australia0.21%
- 0.19%
GSEW Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
GSEW$11,648
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GSEW |
|---|---|
| Year to date | +13.4% |
| 1 month | +0.1% |
| 3 months | +0.8% |
| 1 year | +16.5% |
| 3 years | +18.9% |
| 5 years | +8.8% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GSEW |
|---|---|---|
| 2026 YTD | +13.4% | |
| 2025 | +12.0% | |
| 2024 | +16.9% | |
| 2023 | +17.8% | |
| 2022 | −17.6% | |
| 2021 | +25.4% | |
| 2020 | +16.3% |
GSEW in the news
GSEW Dividends
- 1.40%
- $1.34
- $0.38 per share
- Quarterly
Distribution history
GSEW Risk
- 13.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.99
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −25.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.91
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GSEW Cost
0.09%
GSEW0.09%
- The middle half of US Equal Weight funds
- Median 0.20%
No US Equal Weight fund charges less.
Other funds in US Equal Weight
- AEUSAiShares MSCI USA Equal Weighted ETFExpense ratio 0.09%1 year return +15.3%
- AEQALInvesco Russell 1000 Equal Weight ETFExpense ratio 0.20%1 year return +16.9%
- BEQLALPS Equal Sector Weight ETFExpense ratio 0.19%1 year return +16.3%
- BDFVEDoubleLine Fortune 500 Equal Weight ETFExpense ratio 0.20%1 year return +18.5%
- BEQWLInvesco S&P 100 Equal Weight ETFExpense ratio 0.30%1 year return +18.4%