DAK vs GUSE: Grades, Fees and Holdings Compared

Dakota Active Equity ETF

DAKBNasdaq

Goldman Sachs Enhanced U.S. Equity ETF

GUSEANasdaq

Overlap

34.5%by weight

Expense ratio

GUSE −0.13pt a year

DAK0.43%GUSE0.30%

Avg volume · 30D

GUSE 42.6×the volume

DAK585GUSE24.9K

DAK vs GUSE Performance

Dec 31, 2025 – Oct 30, 2026

+11.0%DAK+11.8%GUSE

Expense ratio: DAK 0.43%; GUSE 0.30%, better
Fund size: DAK $43M; GUSE $421M
1Y total return: DAK +11.2%; GUSE No data
Yield (12M): DAK 0.82%; GUSE No data
Holdings: DAK 69; GUSE 122
Avg volume (30D): DAK 585 sh; GUSE 24.9K sh, better
NAV per share: DAK $29.39; GUSE $46.05
52W range

ETF.net Grade

Pillar letters and Scores for DAK, GUSE, with each pillar’s weight
Pillar	DAK	GUSE
Cost30% weight	A74	A97Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A93	A94Higher
Tradability15% weight	F21	C46Higher
Holdings10% weight	A82	A89Higher
Durability5% weight	F20	A85Higher

Rank among US Active Growth funds

How we build Categories ›

Same Category. DAK and GUSE are both graded against the same 90 US Active Growth funds, so their Grades compare head to head.

US Active Growth⁠

Category · 90 funds

See all 90 ›

GUSE ranks 2nd and DAK 18th of 90 funds in the US Active Growth Category.

Rank 1AJUSAJPMorgan U.S. Research Enhanced Large Cap ETFScore 86
Rank 2AGUSEGoldman Sachs Enhanced U.S. Equity ETFScore 84
Rank 3ALRGCAB US Large Cap Strategic Equities ETFScore 81
Rank 16BNSIGNorth Square Growth Opportunities ETFScore 65
Rank 18BDAKDakota Active Equity ETFScore 64
Rank 18BLGROLevel Four Large Cap Growth Active ETFScore 64

Our read on each fund

ETF.net Research

DAKBDakota Active Equity ETF

GUSEAGoldman Sachs Enhanced U.S. Equity ETF

In short

DAK No data

GUSE Goldman's fundamental stock pickers hunting long-term growth in US companies, for 0.30% a year. The strategy dates to 2008 and charges well under the typical active US growth fund.

Stated mandate

DAK No data

GUSE The Fund seeks long-term growth of capital by investing in companies that the Investment Adviser believes are positioned for long-term growth.

Why people hold it

DAK No data

GUSE Charges 0.30% a year, against a 0.54% median for its active US growth cohort. Cheap, for stock picking.
Actively run with no index to shadow. Managers hold companies they judge positioned for long-term growth, so the portfolio can look different from a large-cap benchmark.
Inception dates to 2008, so the strategy has run through multiple market cycles, not one long rally.
One of the stronger implementations in a crowded field of active US growth funds.

Worth knowing

DAK No data

GUSE Trades thinly next to the category's heavyweights. Spreads can be wider, which bites most on large or hurried orders.
Two peers in the same top tier undercut it on fee: JUSA at 0.12% and FELG at 0.18%. Price is not where this one stands out.
Distributions land once or twice a year, not monthly. Growth of capital is the stated goal, not an income stream.

Full DAK profile⁠

Full GUSE profile⁠

DAK vs GUSE Holdings

How DAK and GUSE differ

Overlap by weight

34.5%

Shared holdings make up 50.1% of DAK and 42.2% of GUSE.

Level by level

Holdings23 in both34.5%
Countryby domicile98.9%
Asset classEquity100%

Sector

No Sector split for GUSE.

Country, concentration and asset class

Country by domicile

Country weights in DAK and GUSE, widest gap first
Country	More in DAKMore in GUSE	DAK	GUSE
United States	DAK +1.0 points	99.9%	98.9%
Taiwan	GUSE +0.6 points	0.0%	0.6%
Other countries (4)	GUSE +0.4 points	0.1%	0.5%

Concentration

Weight in the 10 largest Holdings

DAK37.6%
GUSE34.6%

Securities held

DAK69
GUSE121

Asset class

DAK: Equity
GUSE: Equity

Holdings

Only in DAK46
In both23
Only in GUSE98

Only in DAK

46 securities, 49.9% of DAK by weight

iShares Core S&P 500 ETF3.76%
Analog Devices Inc3.04%
Zebra Technologies Corp2.78%
West Pharmaceutical Services Inc2.64%
Cboe Global Markets Inc2.62%
Keysight Technologies Inc2.53%
Salesforce Inc2.48%
Bank of New York Mellon Corp/The2.37%
IDEX Corp2.27%
iShares U.S. Technology ETF2.18%
Automatic Data Processing Inc2.16%
Boston Scientific Corp1.99%
Monolithic Power Systems Inc1.81%
Public Storage1.67%
Align Technology Inc1.41%
State Street SPDR Bloomberg 1-3 Month T-Bill ETF1.30%
EOG Resources Inc1.21%
State Street SPDR S&P 500 ETF Trust1.21%
Eaton Corp PLC1.02%
Dover Corp1.00%
State Street SPDR Portfolio S&P 500 Growth ETF0.90%
First American Government Obligations Fund 12/01/20310.90%
Sempra0.72%
AbbVie Inc0.70%
Gilead Sciences Inc0.60%
Marathon Petroleum Corp0.60%
Freeport-McMoRan Inc0.51%
ServiceNow Inc0.51%
Thermo Fisher Scientific Inc0.44%
SLB Ltd0.42%
Wells Fargo & Co0.37%
Waste Management Inc0.28%
ResMed Inc0.21%
Paychex Inc0.19%
Valero Energy Corp0.16%
Quanta Services Inc0.14%
Texas Instruments Inc0.12%
Chevron Corp0.12%
Blackrock Inc0.09%
Corning Inc0.09%
US Bancorp0.09%
Take-Two Interactive Software Inc0.09%
Danaher Corp0.07%
Lam Research Corp0.05%
TE Connectivity PLC0.05%
nVent Electric PLC0.02%

Only in GUSE

98 securities, 56.0% of GUSE by weight

Broadcom Inc.2.39%
Meta Platforms Inc-Class A2.14%
Coca-Cola Company (The)1.81%
Tesla Inc.1.77%
Micron Technology, Inc.1.77%
Berkshire Hathaway Inc.1.61%
Conocophillips1.41%
Linde PLC1.17%
Walmart Inc1.07%
Agilent Technologies, Inc.1.02%
Johnson & Johnson0.93%
UnitedHealth Group Incorporated0.89%
Palantir Technologies Inc.0.88%
Netapp, Inc.0.85%
Bank of America Corp0.80%
Vertex Pharmaceuticals Incorporated0.79%
Intel Corporation0.78%
Phillips 660.78%
The Procter & Gamble Company0.76%
Cintas Corporation0.75%
Intercontinental Exchange Inc0.75%
Ameren Corporation0.73%
Caterpillar Inc (Delaware)0.69%
Starbucks Corp.0.65%
Cencora Inc0.62%
Csx Corporation0.62%
Atmos Energy Corporation0.60%
Taiwan Semiconductor Mfg Ads-Adr0.59%
Kla Corp0.59%
Intl Business Machines Corp0.58%
Cadence Design Systems Inc0.57%
The Home Depot, Inc.0.57%
American Intl Group, Inc.0.55%
Western Digital Corporation0.54%
Old Dominion Freight Line, Inc.0.53%
Motorola Solutions Inc0.53%
Rtx Corp0.53%
S&P Global Inc.0.53%
Ge Vernova Llc0.52%
Repligen Corp0.51%
Morgan Stanley0.50%
Hilton Worldwide Holdings Inc.0.50%
Coca-Cola European Partners PLC0.48%
Wintrust Financial Corporation0.47%
Cheniere Energy, Inc.0.47%
Xcel Energy Inc.0.47%
Prologis Inc0.47%
Intuit Inc0.47%
Global Payments Inc.0.46%
Edwards Lifesciences Corporation0.46%

Weight gaps

All 23 Holdings in both funds, largest gap first.

Holding weights in DAK and GUSE, widest gap first
Holding	More in DAKMore in GUSE	DAK	GUSE
NVIDIA CorpNVDA	GUSE +1.87 points	5.66%	7.53%
Amphenol CorpAPH	DAK +1.77 points	2.27%	0.50%
Alphabet IncGOOGL	GUSE +1.76 points	1.00%	2.76%
Microsoft CorpMSFT	GUSE +1.51 points	3.46%	4.97%
Apple IncAAPL	DAK +1.36 points	6.49%	5.13%
Merck & Co IncMRK	DAK +1.35 points	2.16%	0.81%
Allstate Corp/TheALL	DAK +1.32 points	1.88%	0.56%
JPMorgan Chase & Co.JPM	DAK +1.29 points	2.95%	1.66%
Advanced Micro Devices IncAMD	DAK +1.24 points	2.81%	1.57%
Arista Networks IncANET	DAK +1.14 points	1.62%	0.48%
Mastercard IncMA	GUSE +1.11 points	0.32%	1.43%
Alphabet IncGOOG	DAK +1.04 points	2.81%	1.77%
Costco Wholesale CorpCOST	DAK +0.96 points	1.53%	0.57%
Palo Alto Networks IncPANW	DAK +0.93 points	1.65%	0.72%
Ge AerospaceGE	DAK +0.80 points	1.53%	0.73%
Visa IncV	DAK +0.67 points	1.81%	1.14%
Applied Materials IncAMAT	GUSE +0.66 points	0.07%	0.73%
Eli Lilly & CoLLY	GUSE +0.65 points	1.35%	2.00%
ExxonMobil Holdings CorpXOM	DAK +0.61 points	1.81%	1.20%
TJX Cos Inc/TheTJX	DAK +0.51 points	1.53%	1.02%
Newmont CorpNEM	DAK +0.44 points	0.70%	0.26%
T-Mobile US IncTMUS	DAK +0.26 points	0.86%	0.60%
Amazon.com IncAMZN	GUSE +0.20 points	3.87%	4.07%

All DAK holdings⁠All 121 GUSE 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.

DAK vs GUSE Cost

Overpaying DAK vs GUSE

$2,513

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

DAK 0.43%
$8,662
GUSE 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

DAK 0.43%
GUSE 0.30%
Overpaying

Year by year

Year	DAK	GUSE	Overpaying
10	$776	$545	$231
20	$2,994	$2,113	$881
30	$8,662	$6,149	$2,513

Expense ratio

0.43%DAK
0.30%GUSE, cheaper

GUSE0.30%DAK0.43%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

GUSE 3rd cheapest of 90 funds

DAK 23rd cheapest of 90 funds

DAK vs GUSE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DAK 0.82%; GUSE No data
Payout (12M): DAK $0.24; GUSE No data
Last payment: DAK $0.06; GUSE $0.30
Ex-dividend: DAK Sep 28, 2026; GUSE Dec 23, 2025
Paid on: DAK Sep 30, 2026; GUSE Dec 30, 2025
Frequency: DAK Quarterly; GUSE Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

DAKQuarterly · 5 paymentsAll DAK payments⁠

GUSEIrregular · 1 paymentAll GUSE payments⁠

DAK vs GUSE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DAK 11.6%since Aug 2025GUSE No data
Return per unit of riskSharpe ratio, 3 years: DAK 0.97since Aug 2025GUSE No data
Worst fallMax drawdown, 5 years: DAK −7.9%since Jul 2025GUSE No data
Market sensitivityBeta, 5 years: DAK 0.95GUSE 0.93; Market = 1

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