DXIV vs GSWO

DXIVBDimensional International Vector Equity ETF

GSWOAGoldman Sachs ActiveBeta World Equity ETF

In short

DXIV Dimensional's most aggressive international tilt. It owns developed-market stocks of all sizes, then leans hard into the smaller, cheaper, higher-profitability corner instead of just mirroring the cap-weighted market.

GSWO Four 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.

Stated mandate

DXIV The fund seeks long-term capital appreciation.

GSWO 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

• DXIV Buys across the whole developed-ex-US market, then strongly overweights smaller, lower-priced, higher-profitability companies versus their share of that universe.sec.gov
• Roughly 2,700 holdings, with a prospectus commitment to keep at least 40% of assets in three or more non-US countries under normal conditions.sec.gov
• 0.30% net of a waiver through February 28, 2027, near the category median and in the same neighborhood as RODM at 0.29%.
• Actively managed rather than pegged to an index, so trading can flex daily instead of being forced by a rebalance calendar. Pays quarterly.sec.gov

• GSWO 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

• DXIV That 0.30% is a waived rate. The gross fee is 0.53%, and the waiver is dated through February 28, 2027.
• Launched in 2024, so the track record is short. Deep small-cap and value tilts can also drift well away from a plain cap-weighted international index.
• Assets and daily volume are modest next to category mainstays, which can mean wider bid-ask spreads on larger orders.

• GSWO 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.

Full DXIV profile⁠

Full GSWO profile⁠