Category Review
US multifactor funds ran 30 points apart
Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
$148.23−0.02 (−0.01%)
- 0.09%
- $15.4B
- +17.9%
- 1.00%
- 0.3M sh
- $148.25
- low $121.12high $148.94
The ETF.net GSLC Grade
A
Score 78 out of 100
- 9 of 99
Score 78 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.A93 out of 100Rank 7 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.A90 out of 100Rank 29 of 86Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C54 out of 100Rank 44 of 97Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A80 out of 100Rank 13 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D37 out of 100Rank 76 of 98Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A78 out of 100Rank 14 of 99
Our read on GSLC
AGoldman's first ETF, out in 2015, packs value, momentum, quality and low volatility into one large-cap portfolio and charges 0.09% for it. Multifactor machinery at index-fund pricing, with tilts kept deliberately modest.
The Fund seeks to track the Goldman Sachs ActiveBeta® U.S. Large Cap Equity Index, which provides exposure to large-capitalization U.S. issuers.
Why people hold it
- 0.09% a year, against a roughly 0.32% median for US multifactor funds. Factor exposure priced like plain beta.
- Four factors (value, momentum, quality, low volatility) each get their own sleeve, combined in equal weights and rebalanced quarterly. No guessing which style leads.sec.gov
- The index rules include a turnover minimization step that skips trades not worth making, which holds down the churn factor strategies are known for.solactive.com
- A multi-billion-dollar fund running since 2015 that tracks its index tightly, and one of the strongest implementations in the US multifactor group.
Worth knowing
- About 400 large-cap US names drawn from a broad reference index, so the tilts are a nudge on top of the market rather than a break from it.sec.gov
- Cheaper cohort options exist (VYM at 0.04%, VONV at 0.06%), the trade-off being a single style instead of four blended together.
- A proprietary Goldman index, not a household benchmark, so results can part ways with the standard large-cap yardstick in either direction. Pays quarterly.
GSLC Holdings
- Stocks
- 427
- 36%
- NVDA
Sectors
- Technology40.3%
- Financials10.5%
- Communication10.0%
- Health Care9.9%
- Consumer Discretionary9.2%
- Industrials7.3%
- Consumer Staples5.2%
- Energy3.2%
- Utilities1.7%
- Materials1.5%
- Real Estate1.1%
Geography
- United States97.43%
- Ireland0.84%
- Australia0.55%
- Singapore0.38%
- United Kingdom0.32%
- Switzerland0.22%
- Bermuda0.12%
- Netherlands0.09%
- 0.04%
GSLC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
GSLC$11,786
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 | GSLC |
|---|---|
| Year to date | +12.9% |
| 1 month | +2.0% |
| 3 months | +3.5% |
| 1 year | +17.9% |
| 3 years | +21.6% |
| 5 years | +12.8% |
| 10 years | +14.9% |
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 | GSLC |
|---|---|---|
| 2026 YTD | +12.9% | |
| 2025 | +16.2% | |
| 2024 | +24.2% | |
| 2023 | +25.1% | |
| 2022 | −18.7% | |
| 2021 | +27.2% | |
| 2020 | +19.0% |
GSLC in the news
GSLC Dividends
- 1.00%
- $1.48
- $0.46 per share
- Quarterly
Distribution history
GSLC Risk
- 12.4%
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.
- 1.27
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.
- −24.9%
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.
- 0.99
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GSLC Cost
0.09%
GSLC0.09%
- The middle half of US Multifactor funds
- Median 0.30%
6 of the 99 US Multifactor funds charge less.
Other funds in US Multifactor
- AGVUSGoldman Sachs MarketBeta Russell 1000 Value Equity ETFExpense ratio 0.12%1 year return +29.6%
- AQUSState Street SPDR MSCI USA StrategicFactors ETFExpense ratio 0.15%1 year return +17.8%
- AIMCViShares Morningstar Mid-Cap Value ETFExpense ratio 0.06%1 year return +24.2%
- AAVUSAvantis U.S. Equity ETFExpense ratio 0.15%1 year return +24.4%
- ARECSColumbia Research Enhanced Core ETFExpense ratio 0.15%1 year return +17.9%