AAUA vs GSUS: Grades, Fees and Holdings Compared

Alpha Architect US Equity 3 ETF

AAUABCboe

Goldman Sachs MarketBeta U.S. Equity ETF

GSUSACboe

Overlap

80.5%by weight

Expense ratio

GSUS −0.02pt a year

AAUA0.09%GSUS0.07%

Avg volume · 30D

GSUS 26.1×the volume

AAUA4.32KGSUS113K

AAUA vs GSUS Performance

Jul 31, 2026 – Oct 30, 2026

+1.1%AAUA+1.6%GSUS

Expense ratio: AAUA 0.09%; GSUS 0.07%, better
Fund size: AAUA $357M; GSUS $3.44B
1Y total return: AAUA No data; GSUS +11.4%
Yield (12M): AAUA No data; GSUS 0.99%
Holdings: AAUA 380; GSUS 407
Avg volume (30D): AAUA 4.32K sh; GSUS 113K sh, better
NAV per share: AAUA $57.83; GSUS $106.31
52W range

ETF.net Grade

Pillar letters and Scores for AAUA, GSUS, with each pillar’s weight
Pillar	AAUA	GSUS
Cost30% weight	B59	A80Higher
Mission25% weight	Not scored	A99
Risk15% weight	A77Higher	B61
Tradability15% weight	C40	A85Higher
Holdings10% weight	C44	C54Higher
Durability5% weight	F24	A79Higher

Rank among US Stocks funds

How we build Categories ›

Same Category. AAUA and GSUS are both graded against the same 7 US Stocks funds, so their Grades compare head to head.

US Stocks⁠

Category · 7 funds

See all 7 ›

GSUS ranks 1st and AAUA 4th of 7 funds in the US Stocks Category.

Rank 1AGSUSGoldman Sachs MarketBeta U.S. Equity ETFScore 80
Rank 2BGUSAGoldman Sachs MarketBeta US 1000 Equity ETFScore 66
Rank 3BAAEQAlpha Architect US Equity 2 ETFScore 62
Rank 4BAAUAAlpha Architect US Equity 3 ETFScore 54
Rank 5CSTXKStrive Small-Cap ETFScore 50

Our read on each fund

ETF.net Research

AAUABAlpha Architect US Equity 3 ETF

GSUSAGoldman Sachs MarketBeta U.S. Equity ETF

In short

AAUA No data

GSUS Goldman's no-frills core: one index covering the largest 85% of the US market by free float, about 400 large and mid caps, at 0.07% net of a waiver through December 29, 2026.

Stated mandate

AAUA No data

GSUS The Fund seeks to track, before fees and expenses, the performance of its underlying U.S. large- and mid-cap equity index.

Why people hold it

AAUA No data

GSUS Costs 0.07% net of a waiver through December 29, 2026 (0.09% gross), undercutting Goldman's own GUSA at 0.10% and the Alpha Architect pair, AAEQ and AAUA, at 0.09% each.gs.com
Nothing clever under the hood: it holds the index's stocks at free-float market-cap weights, and it has tracked that index very closely, among the tightest in its peer group.sec.gov
A billion-dollar-plus fund that trades in reasonable volume, with a quarterly distribution schedule.

Worth knowing

AAUA No data

GSUS The index stops at roughly the largest 85% of US free float, so small caps sit outside it. Not a total-market holding.sec.gov
The 0.07% sits near the category's typical fee, not at the floor: ILCB charges 0.03% with no waiver attached. And GSUS reverts to 0.09% if its waiver lapses on December 29, 2026.
Free-float weighting means the biggest US companies dominate the top of the portfolio, by design.sec.gov

Full AAUA profile⁠

Full GSUS profile⁠

AAUA vs GSUS Holdings

How AAUA and GSUS differ

Overlap by weight

80.5%

Shared holdings make up 92.5% of GSUS and 85.3% of AAUA.

Level by level

Holdings299 in both80.5%
Sector11 Sectors98.6%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in AAUA and GSUS, widest gap first
Sector	More in AAUAMore in GSUS	AAUA	GSUS
Communication	GSUS +0.7 points	9.6%	10.3%
Industrials	AAUA +0.4 points	7.8%	7.4%
Consumer Discretionary	GSUS +0.4 points	8.4%	8.8%
Energy	AAUA +0.3 points	3.7%	3.4%
Financials	AAUA +0.2 points	11.3%	11.1%
Consumer Staples	GSUS +0.2 points	4.1%	4.3%
Real Estate	AAUA +0.2 points	1.7%	1.5%
Materials	AAUA +0.2 points	1.7%	1.5%
Health Care	GSUS +0.1 points	9.2%	9.3%
Technology	AAUA +0.1 points	40.8%	40.7%
Utilities	GSUS +0.1 points	1.7%	1.8%

Country, concentration and asset class

Country by domicile

Country weights in AAUA and GSUS, widest gap first
Country	More in AAUAMore in GSUS	AAUA	GSUS
United States	Same weight	99.5%	99.5%
Switzerland	AAUA +0.1 points	0.4%	0.3%
Brazil	GSUS +0.1 points	0.0%	0.1%
China	GSUS +0.1 points	0.0%	0.1%
Mexico	AAUA +0.1 points	0.1%	0.0%
United Kingdom	Same weight	0.0%	0.0%
Ireland	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

AAUA40.4%
GSUS38.1%

Securities held

AAUA379
GSUS405

Asset class

AAUA: Equity
GSUS: Equity

Holdings

Only in AAUA80
In both299
Only in GSUS106

Only in AAUA

80 securities, 14.7% of AAUA by weight

State Street SPDR Portfolio S&P 500 ETF4.82%
iShares Core S&P 500 ETF4.81%
Linde PLC0.28%
Chubb Ltd0.26%
Eaton Corp PLC0.19%
Accenture PLC0.18%
MiniMed Group Inc0.17%
Johnson Controls International plc0.16%
SLB Ltd0.14%
Medtronic PLC0.11%
Expeditors International of Washington Inc0.11%
First American Government Obligations Fund 12/01/20310.11%
Steel Dynamics Inc0.11%
Moderna Inc0.10%
NXP Semiconductors NV0.10%
Illumina Inc0.10%
Viatris Inc0.09%
Evergy Inc0.08%
Royal Caribbean Cruises Ltd0.08%
CF Industries Holdings Inc0.07%
Jabil Inc0.07%
Incyte Corp0.07%
Dow Inc0.07%
Williams-Sonoma Inc0.07%
IDEX Corp0.07%
Ball Corp0.07%
LyondellBasell Industries NV0.07%
Flex Ltd0.07%
Nordson Corp0.07%
Revvity Inc0.07%
JB Hunt Transport Services Inc0.07%
Host Hotels & Resorts Inc0.06%
Hasbro Inc0.06%
Twilio Inc0.06%
Stanley Black & Decker Inc0.06%
International Flavors & Fragrances Inc0.06%
Charles River Laboratories International Inc0.06%
Assurant Inc0.06%
Best Buy Co Inc0.06%
Honeywell Aerospace Inc0.06%
Everpure Inc0.06%
J M Smucker Co/The0.05%
Bunge Global SA0.05%
Invesco Ltd0.05%
Pinnacle West Capital Corp0.05%
Globe Life Inc0.05%
News Corp0.05%
F5 Inc0.05%
AES Corp/The0.04%
EchoStar Corp0.04%

Only in GSUS

106 securities, 7.2% of GSUS by weight

Linde PLC0.36%
Abbott Laboratories0.28%
Eaton Corp PLC0.23%
Accenture PLC0.23%
Chubb Limited0.20%
Medtronic Public Limited Company0.19%
Lowes Companies Inc0.18%
Cvs Health Corp0.18%
Snowflake Inc.0.17%
Cloudflare, Inc.0.15%
Johnson Controls International Public Limited Comp0.15%
Space Exploration Technologies Corp.0.14%
Eog Resources Inc0.13%
Mercadolibre, Inc.0.12%
Royal Caribbean Group0.12%
Slb Ltd0.12%
Colgate-Palmolive Co0.12%
Nxp Semiconductors N.v.0.10%
Cheniere Energy, Inc.0.10%
Transdigm Group Incorporated0.10%
Kkr & Co. Inc.0.10%
Boston Scientific Corp.0.10%
Aon Public Limited Company0.10%
Crh Public Limited Company0.09%
L3HARRIS Technologies Inc0.08%
Autodesk, Inc.0.08%
Autozone, Inc.0.08%
Republic Services Inc0.07%
Idexx Laboratories0.07%
Strategy Inc0.07%
Roper Technologies Inc0.07%
Ferguson Enterprises Inc0.07%
Nike Class-B0.07%
American Intl Group, Inc.0.07%
Anglogold Ashanti Limited0.07%
Astera Labs, Inc.0.06%
Crown Castle Intl Corp0.06%
Cbre Group, Inc.0.06%
Vulcan Materials Co0.06%
Kroger Company0.06%
Public-Svc Enterprise Group0.06%
Resmed Inc.0.06%
Wec Energy Group, Inc.0.06%
Kimberly-Clark Corporation0.06%
Carnival Corporation0.05%
Paychex, Inc.0.05%
Ge Healthcare Technologies Inc.0.05%
Take Two Interactive Software0.05%
Zoetis Inc.0.05%
Roblox Corporation0.05%

Weight gaps

The 100 widest of 299 Holdings in both funds.

Holding weights in AAUA and GSUS, widest gap first
Holding	More in AAUAMore in GSUS	AAUA	GSUS
Apple IncAAPL	GSUS +0.83 points	6.87%	7.70%
NVIDIA CorpNVDA	GSUS +0.66 points	7.02%	7.68%
Microsoft CorpMSFT	GSUS +0.62 points	5.38%	6.00%
Tesla IncTSLA	GSUS +0.37 points	1.53%	1.90%
Alphabet IncGOOG	GSUS +0.36 points	1.85%	2.21%
Broadcom IncAVGO	GSUS +0.32 points	2.16%	2.48%
Amazon.com IncAMZN	GSUS +0.31 points	3.31%	3.62%
Alphabet IncGOOGL	GSUS +0.27 points	2.29%	2.56%
Eli Lilly & CoLLY	GSUS +0.25 points	1.54%	1.79%
Meta Platforms IncMETA	GSUS +0.21 points	1.91%	2.12%
Advanced Micro Devices IncAMD	GSUS +0.21 points	1.21%	1.42%
Blackrock IncBLK	GSUS +0.19 points	0.09%	0.28%
JPMorgan Chase & Co.JPM	GSUS +0.19 points	1.23%	1.42%
Costco Wholesale CorpCOST	GSUS +0.18 points	0.50%	0.68%
Micron Technology IncMU	GSUS +0.18 points	1.45%	1.63%
Home Depot Inc/TheHD	GSUS +0.15 points	0.35%	0.50%
State Street CorpSTT	AAUA +0.14 points	0.21%	0.07%
Berkshire Hathaway IncBRK.B	AAUA +0.13 points	1.30%	1.17%
Bank of New York Mellon Corp/TheBNY	AAUA +0.13 points	0.29%	0.16%
McDonald's CorpMCD	GSUS +0.12 points	0.16%	0.28%
Intel CorpINTC	GSUS +0.12 points	0.49%	0.61%
Stryker CorpSYK	GSUS +0.13 points	0.04%	0.17%
PepsiCo IncPEP	GSUS +0.12 points	0.16%	0.28%
Walmart IncWMT	GSUS +0.12 points	0.69%	0.81%
American Express CoAXP	GSUS +0.12 points	0.15%	0.27%
UnitedHealth Group IncUNH	GSUS +0.11 points	0.46%	0.57%
Consolidated Edison IncED	AAUA +0.12 points	0.18%	0.06%
Procter & Gamble Co/ThePG	GSUS +0.12 points	0.46%	0.58%
Travelers Cos Inc/TheTRV	AAUA +0.11 points	0.24%	0.13%
Ross Stores IncROST	AAUA +0.11 points	0.22%	0.11%
Mastercard IncMA	GSUS +0.11 points	0.66%	0.77%
Ge AerospaceGE	GSUS +0.10 points	0.40%	0.50%
Netflix IncNFLX	GSUS +0.10 points	0.30%	0.40%
Northrop Grumman CorpNOC	GSUS +0.10 points	0.02%	0.12%
Marsh & McLennan Cos IncMRSH	GSUS +0.11 points	0.04%	0.15%
General Motors CoGM	AAUA +0.10 points	0.22%	0.12%
Capital One Financial CorpCOF	GSUS +0.10 points	0.10%	0.20%
Intuitive Surgical IncISRG	GSUS +0.10 points	0.15%	0.25%
FedEx CorpFDX	AAUA +0.09 points	0.20%	0.11%
Blackstone IncBX	GSUS +0.10 points	0.04%	0.14%
Uber Technologies IncUBER	GSUS +0.09 points	0.11%	0.20%
CSX CorpCSX	AAUA +0.09 points	0.24%	0.15%
Ventas IncVTR	AAUA +0.09 points	0.15%	0.06%
Kinder Morgan IncKMI	GSUS +0.09 points	0.01%	0.10%
US BancorpUSB	AAUA +0.09 points	0.23%	0.14%
Northern Trust CorpNTRS	AAUA +0.09 points	0.14%	0.05%
PNC Financial Services Group Inc/ThePNC	AAUA +0.09 points	0.23%	0.14%
TJX Cos Inc/TheTJX	GSUS +0.09 points	0.15%	0.24%
Welltower IncWELL	AAUA +0.09 points	0.34%	0.25%
Target CorpTGT	AAUA +0.08 points	0.19%	0.11%
Southern Co/TheSO	GSUS +0.08 points	0.08%	0.16%
Nucor CorpNUE	AAUA +0.08 points	0.18%	0.10%
Visa IncV	GSUS +0.08 points	0.97%	1.05%
Arthur J Gallagher & CoAJG	GSUS +0.09 points	0.02%	0.11%
Wells Fargo & CoWFC	GSUS +0.08 points	0.32%	0.40%
AbbVie IncABBV	GSUS +0.08 points	0.71%	0.79%
Ecolab IncECL	GSUS +0.08 points	0.04%	0.12%
M&T Bank CorpMTB	AAUA +0.08 points	0.13%	0.05%
Oracle CorpORCL	GSUS +0.07 points	0.29%	0.36%
Coca-Cola Co/TheKO	AAUA +0.08 points	0.63%	0.55%
Targa Resources CorpTRGP	AAUA +0.08 points	0.18%	0.10%
TE Connectivity PLCTEL	GSUS +0.07 points	0.03%	0.10%
Sherwin-Williams Co/TheSHW	GSUS +0.08 points	0.04%	0.12%
Williams Cos Inc/TheWMB	GSUS +0.07 points	0.07%	0.14%
Westinghouse Air Brake Technologies CorpWAB	AAUA +0.07 points	0.15%	0.08%
ExxonMobil Holdings CorpXOM	GSUS +0.07 points	1.10%	1.17%
SempraSRE	GSUS +0.07 points	0.02%	0.09%
Archer-Daniels-Midland CoADM	AAUA +0.07 points	0.13%	0.06%
Danaher CorpDHR	GSUS +0.07 points	0.16%	0.23%
Waste Management IncWM	GSUS +0.06 points	0.08%	0.14%
Moody's CorpMCO	GSUS +0.07 points	0.05%	0.12%
Intuit IncINTU	GSUS +0.07 points	0.07%	0.14%
AMETEK IncAME	AAUA +0.07 points	0.16%	0.09%
Adobe IncADBE	GSUS +0.06 points	0.09%	0.15%
Citizens Financial Group IncCFG	AAUA +0.07 points	0.11%	0.04%
Cadence Design Systems IncCDNS	GSUS +0.06 points	0.08%	0.14%
Cardinal Health IncCAH	AAUA +0.07 points	0.16%	0.09%
Quest Diagnostics IncDGX	AAUA +0.07 points	0.11%	0.04%
Trane Technologies PLCTT	GSUS +0.07 points	0.08%	0.15%
Boeing Co/TheBA	GSUS +0.06 points	0.14%	0.20%
QUALCOMM IncQCOM	GSUS +0.06 points	0.24%	0.30%
O'Reilly Automotive IncORLY	GSUS +0.06 points	0.05%	0.11%
Dominion Energy IncD	AAUA +0.06 points	0.15%	0.09%
Verizon Communications IncVZ	AAUA +0.06 points	0.34%	0.28%
S&P Global IncSPGI	GSUS +0.06 points	0.15%	0.21%
Cigna Group/TheCI	GSUS +0.06 points	0.06%	0.12%
Monster Beverage CorpMNST	AAUA +0.06 points	0.16%	0.10%
WW Grainger IncGWW	AAUA +0.06 points	0.15%	0.09%
Palantir Technologies IncPLTR	GSUS +0.06 points	0.59%	0.65%
Hilton Worldwide Holdings IncHLT	AAUA +0.06 points	0.18%	0.12%
Synopsys IncSNPS	GSUS +0.05 points	0.09%	0.14%
American Electric Power Co IncAEP	AAUA +0.06 points	0.17%	0.11%
Lockheed Martin CorpLMT	GSUS +0.06 points	0.17%	0.23%
Intercontinental Exchange IncICE	GSUS +0.06 points	0.08%	0.14%
Constellation Energy CorpCEG	GSUS +0.06 points	0.08%	0.14%
Booking Holdings IncBKNG	GSUS +0.05 points	0.13%	0.18%
PayPal Holdings IncPYPL	GSUS +0.06 points	0.02%	0.08%
Regeneron Pharmaceuticals IncREGN	AAUA +0.05 points	0.18%	0.13%
Sandisk CorpSNDK	GSUS +0.05 points	0.25%	0.30%
International Business Machines CorpIBM	GSUS +0.05 points	0.32%	0.37%

All AAUA holdings⁠All 406 GSUS holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AAUA vs GSUS Cost

Overpaying AAUA vs GSUS

$418

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

AAUA 0.09%
$1,898
GSUS 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

AAUA 0.09%
GSUS 0.07%
Overpaying

Year by year

Year	AAUA	GSUS	Overpaying
10	$165	$128	$37
20	$646	$503	$143
30	$1,898	$1,480	$418

Expense ratio

0.09%AAUA
0.07%GSUS, cheaper

GSUS0.07%AAUA0.09%

0.07%0.30%

Middle half of US Stocks funds
Median 0.10%

GSUS cheapest of 7 funds

AAUA 2nd cheapest of 7 funds

AAUA vs GSUS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AAUA No data; GSUS 0.99%
Payout (12M): AAUA None; GSUS $1.04
Last payment: AAUA No data; GSUS $0.25
Ex-dividend: AAUA No data; GSUS Sep 24, 2026
Paid on: AAUA No data; GSUS Sep 30, 2026
Frequency: AAUA No data; GSUS Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

AAUAAll AAUA payments⁠

No distribution history available.

GSUSQuarterly · 25 paymentsAll GSUS payments⁠

AAUA vs GSUS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AAUA No dataGSUS 12.6%
Return per unit of riskSharpe ratio, 3 years: AAUA No dataGSUS 1.41
Worst fallMax drawdown, 5 years: AAUA No dataGSUS −25.6%
Market sensitivityBeta, 5 years: AAUA 1.03GSUS 1.01; Market = 1

Popular comparisons

AAUABvsGUSAB
Alpha Architect US Equity 3 ETF · Goldman Sachs MarketBeta US 1000 Equity ETF
Expense ratio
0.09% · 0.10%
Category
GSUSAvsGUSAB
Goldman Sachs MarketBeta U.S. Equity ETF · Goldman Sachs MarketBeta US 1000 Equity ETF
Expense ratio
0.07% · 0.10%
Category
AAUABvsAAEQB
Alpha Architect US Equity 3 ETF · Alpha Architect US Equity 2 ETF
Expense ratio
0.09% · 0.09%
Category
GSUSAvsAAEQB
Goldman Sachs MarketBeta U.S. Equity ETF · Alpha Architect US Equity 2 ETF
Expense ratio
0.07% · 0.09%
Category
AAUABvsSTXKC
Alpha Architect US Equity 3 ETF · Strive Small-Cap ETF
Expense ratio
0.09% · 0.18%
Category
GSUSAvsSTXKC
Goldman Sachs MarketBeta U.S. Equity ETF · Strive Small-Cap ETF
Expense ratio
0.07% · 0.18%
Category