Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
Goldman Sachs ActiveBeta World Equity ETF
$65.57+0.13 (+0.20%)
- 0.15%
- $1.8B
- 1.43%
- 0.1M sh
- $65.45
- low $54.51high $66.64
The ETF.net GSWO Grade
A
Score 78 out of 100
- 1 of 30
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.A98 out of 100Rank 1 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A76 out of 100Rank 5 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A85 out of 100Rank 2 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F23 out of 100Rank 28 of 30Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B62 out of 100Rank 11 of 30
Our read on GSWO
AFour factor tilts (value, momentum, quality, low volatility) on developed markets outside the US, for 15 basis points. Goldman's ActiveBeta rules at a price closer to an index fund than an active one.
The fund is an ActiveBeta World Equity ETF designed to track an ActiveBeta Index and provide exposure to value, momentum, quality, and low-volatility characteristics.
Why people hold it
- 0.15% a year against a 0.69% median for its global active-equity peers, and cheaper than fellow top-graded names DFAW (0.24%) and AVGE (0.25%).
- Value, momentum, quality and low volatility come from one published ActiveBeta index methodology, not a manager's discretionary call.gsam.com
- Stands among the strongest implementations in its global equity peer group: a multi-billion-dollar fund in the standard 1940 Act ETF wrapper that pays quarterly.
Worth knowing
- Despite the "World" name, the reference index is MSCI World ex USA, so US stocks sit outside the mandate.
- Launched in 2022, so the live record is short, and factor blends can trail plain cap-weighted benchmarks for long stretches.
- Four factors in one basket can pull against each other; the net tilt is milder than a single-factor fund.
GSWO Holdings
- Stocks
- 754
- 29%
- NVDA
Geography
- United States68.27%
- Japan8.53%
- United Kingdom3.13%
- Canada3.04%
- Switzerland2.39%
- Germany1.73%
- Australia1.73%
- Netherlands1.50%
- 9.69%
Developed 94% · Emerging 6%
GSWO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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GSWO$10,254
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 | GSWO |
|---|---|
| Year to date | — |
| 1 month | +0.5% |
| 3 months | +2.5% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 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 | GSWO |
|---|---|---|
| 2026 YTD | +14.3% |
GSWO in the news
GSWO Dividends
- 1.43%
- $0.93
- $0.20 per share
- Quarterly
Distribution history
GSWO Risk
- —
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.
- —
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.
- —
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.
- 0.75
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GSWO Cost
0.15%
GSWO0.15%
- The middle half of International Multifactor funds
- Median 0.35%
No International Multifactor fund charges less.
Other funds in International Multifactor
- AINTFiShares International Equity Factor ETFExpense ratio 0.16%1 year return +20.0%
- ADFAIDimensional - International Core Equity Market ETFExpense ratio 0.18%1 year return +18.2%
- ARODMHartford Multifactor Developed Markets (ex-US) ETFExpense ratio 0.29%1 year return +20.0%
- AFDEVFidelity International Multifactor ETFExpense ratio 0.18%1 year return +14.5%
- BGLOFiShares Global Equity Factor ETFExpense ratio 0.20%1 year return +23.7%