EDOW vs GSEW: Grades, Fees and Holdings Compared

First Trust Dow 30 Equal Weight ETF

EDOWCNYSE Arca

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

GSEWACboe

Overlap

6.1%by weight

Expense ratio

GSEW −0.41pt a year

EDOW0.50%GSEW0.09%

Avg volume · 30D

GSEW 7.2×the volume

EDOW14.2KGSEW102K

5Y return · a year

EDOW +1.8pt

EDOW+9.9%GSEW+8.1%

EDOW vs GSEW Performance

Oct 29, 2021 – Oct 30, 2026

+60.3%EDOW+47.9%GSEW

Expense ratio: EDOW 0.50%; GSEW 0.09%, better
Fund size: EDOW $325M; GSEW $2.19B
1Y total return: EDOW +14.3%; GSEW +15.9%, better
Yield (12M): EDOW 1.22%; GSEW 1.39%, better
Holdings: EDOW 31; GSEW 498
Avg volume (30D): EDOW 14.2K sh; GSEW 102K sh, better
NAV per share: EDOW $46.13; GSEW $97.51
52W range

ETF.net Grade

Pillar letters and Scores for EDOW, GSEW, with each pillar’s weight
Pillar	EDOW	GSEW
Cost30% weight	F8	A88Higher
Mission25% weight	A85	A100Higher
Risk15% weight	B57Higher	C43
Tradability15% weight	C44	B62Higher
Holdings10% weight	D31	A81Higher
Durability5% weight	C45	B69Higher

Rank among US Equal Weight funds

How we build Categories ›

Same Category. EDOW and GSEW are both graded against the same 9 US Equal Weight funds, so their Grades compare head to head.

US Equal Weight⁠

Category · 9 funds

See all 9 ›

GSEW ranks 2nd and EDOW 8th of 9 funds in the US Equal Weight Category.

Rank 1AEUSAiShares MSCI USA Equal Weighted ETFScore 80
Rank 2AGSEWGoldman Sachs Equal Weight U.S. Large Cap Equity ETFScore 78
Rank 3AEQALInvesco Russell 1000 Equal Weight ETFScore 70
Rank 7CQEWInvesco QQQ Equal Weight ETFScore 45
Rank 8CEDOWFirst Trust Dow 30 Equal Weight ETFScore 44
Rank 9DUSEWCambria US EW ETFScore 25

Our read on each fund

ETF.net Research

EDOWCFirst Trust Dow 30 Equal Weight ETF

GSEWAGoldman Sachs Equal Weight U.S. Large Cap Equity ETF

In short

EDOW The Dow, with the price tags ignored. EDOW holds the index's roughly 30 blue chips at equal weight, so no single high-priced share dominates the portfolio. The trade-off is a fee well above most equal-weight rivals.

GSEW Equal weight without the equal-weight markup. GSEW spreads roughly 500 US large caps into same-size slots and charges 0.09%, well under half the typical fee in its corner of the market.

Stated mandate

EDOW The fund seeks to track generally the price and yield, before fees and expenses, of the Dow Jones Industrial Average® Equal Weight Index.

GSEW The Fund seeks to track, before fees and expenses, the Solactive US Large Cap Equal Weight Index.

Why people hold it

EDOW A rare mandate: it equal-weights the Dow's roughly 30 blue chips, so each name gets the same slice instead of share price deciding influence.
Straight indexing, no manager discretion: the stated job is tracking the Dow Jones Industrial Average Equal Weight Index, and it has run that job since 2017.ftportfolios.com
A portfolio you can read in one screen: about 30 US large caps, with distributions paid quarterly.

GSEW 0.09% a year against a 0.20% median for equal-weight US large-cap peers. Only iShares' EUSA matches the price.
Every name gets the same slot, so the largest megacap counts no more than the 500th holding. A genuinely different shape than a cap-weighted S&P fund.gsam.com
Hugs the Solactive US Large Cap Equal Weight Index closely, one of the tightest index implementations in its peer group.
Trading since 2017 and now a multi-billion-dollar fund, so this is an established option rather than a recent launch.

Worth knowing

EDOW At 0.50% a year, the fee runs more than double the 0.20% median for equal-weight peers, and rivals like GSEW and EUSA charge 0.09%.
Thinly traded next to the larger equal-weight funds, so bid-ask spreads can be wider, particularly in fast markets.
About 30 holdings means every name carries real weight, and the sector mix is simply whoever sits in the Dow at the time.

GSEW Even weights pull the mix toward the smaller members of the large-cap universe and away from megacap concentration, which has made for a bumpier ride than cap-weighted peers.
Resetting to equal weight means more turnover than a leave-it-alone cap-weighted index, and income lands quarterly rather than monthly.
Moderately traded, not one of the volume giants of the category, so spreads can widen outside the busiest parts of the session.

Full EDOW profile⁠

Full GSEW profile⁠

EDOW vs GSEW Holdings

How EDOW and GSEW differ

Overlap by weight

6.1%

Shared holdings make up 99.8% of EDOW and 6.1% of GSEW.

Level by level

Holdings30 in both6.1%
Sector11 Sectors84.3%
Countryby domicile98.8%
Asset classEquity100%

Sector

Sector weights in EDOW and GSEW, widest gap first
Sector	More in EDOWMore in GSEW	EDOW	GSEW
Utilities	GSEW +5.6 points	0.0%	5.6%
Consumer Staples	EDOW +4.8 points	10.2%	5.4%
Real Estate	GSEW +3.9 points	0.0%	3.9%
Consumer Discretionary	EDOW +3.7 points	12.8%	9.1%
Industrials	GSEW +3.2 points	13.4%	16.6%
Communication	EDOW +3.1 points	7.0%	3.9%
Financials	EDOW +2.4 points	16.0%	13.6%
Health Care	EDOW +1.7 points	13.6%	11.9%
Energy	GSEW +1.1 points	3.3%	4.4%
Materials	GSEW +1.0 points	3.4%	4.4%
Technology	GSEW +0.9 points	20.3%	21.2%

Country, concentration and asset class

Country by domicile

Country weights in EDOW and GSEW, widest gap first
Country	More in EDOWMore in GSEW	EDOW	GSEW
United States	EDOW +1.2 points	100.0%	98.8%
Switzerland	GSEW +0.6 points	0.0%	0.6%
Other countries (3)	GSEW +0.6 points	0.0%	0.6%

Concentration

Weight in the 10 largest Holdings

EDOW36.3%
GSEW2.4%

Securities held

EDOW30
GSEW497

Asset class

EDOW: Equity
GSEW: Equity

Holdings

Only in EDOW0
In both30
Only in GSEW467

Only in EDOW

0 securities, 0.0% of EDOW by weight

Only in GSEW

467 securities, 93.8% of GSEW by weight

Crown Castle Intl Corp0.25%
Lockheed Martin Corporation0.25%
Equifax Inc.0.25%
Roper Technologies Inc0.24%
Accenture PLC0.24%
Cdw Corporation0.24%
Dow Inc0.24%
L3HARRIS Technologies Inc0.23%
Aon Public Limited Company0.23%
Ge Healthcare Technologies Inc.0.23%
Northrop Grumman Corp0.23%
Arthur J Gallagher & Co0.23%
Ulta Beauty Inc0.23%
Labcorp Holdings Inc0.23%
Cheniere Energy, Inc.0.23%
Zscaler, Inc.0.23%
S&P Global Inc.0.23%
Fortive Corporation0.23%
Conocophillips0.23%
Royalty Pharma PLC0.23%
United Rentals, Inc.0.23%
Moderna, Inc.0.23%
United Parcel Service, Inc.0.23%
First Citizens Bankshares Class A0.22%
Vulcan Materials Co0.22%
Ppg Industries, Inc.0.22%
Estee Lauder Cos Inc Cl-A0.22%
Nasdaq Inc.0.22%
Roblox Corporation0.22%
Venture Global, Inc.0.22%
Keurig Dr Pepper Inc0.22%
Lowes Companies Inc0.22%
Eli Lilly & Co0.22%
Marsh Ord0.22%
Nxp Semiconductors N.v.0.22%
Otis Worldwide Corporation0.22%
Allstate Corporation0.22%
General Dynamics Corp.0.22%
Kimberly-Clark Corporation0.22%
Halliburton Company0.22%
International Paper Co.0.22%
Sharkninja, Inc.0.22%
Eog Resources Inc0.22%
Diamondback Energy Inc0.22%
Idexx Laboratories0.22%
Sofi Technologies, Inc.0.22%
Extra Space Storage Inc.0.22%
Verisk Analytics, Inc.0.22%
Sunbelt Rentals Holdings, Inc.0.22%
Dollar Tree Stores, Inc.0.22%

Weight gaps

All 30 Holdings in both funds, largest gap first.

Holding weights in EDOW and GSEW, widest gap first
Holding	More in EDOWMore in GSEW	EDOW	GSEW
Amgen Inc.AMGN	EDOW +3.67 points	3.89%	0.22%
Walmart Inc.WMT	EDOW +3.60 points	3.82%	0.22%
The Procter & Gamble CompanyPG	EDOW +3.49 points	3.70%	0.21%
Visa Inc. (Class A)V	EDOW +3.46 points	3.68%	0.22%
Chevron CorporationCVX	EDOW +3.38 points	3.60%	0.22%
Apple Inc.AAPL	EDOW +3.37 points	3.57%	0.20%
The Travelers Companies, Inc.TRV	EDOW +3.32 points	3.53%	0.21%
The Coca-Cola CompanyKO	EDOW +3.30 points	3.51%	0.21%
International Business Machines CorporationIBM	EDOW +3.28 points	3.51%	0.23%
Honeywell International Inc.HON	EDOW +3.27 points	3.48%	0.21%
Microsoft CorporationMSFT	EDOW +3.27 points	3.47%	0.20%
The Walt Disney CompanyDIS	EDOW +3.27 points	3.48%	0.21%
3M CompanyMMM	EDOW +3.26 points	3.47%	0.21%
The Home Depot, Inc.HD	EDOW +3.24 points	3.47%	0.23%
The Sherwin-Williams CompanySHW	EDOW +3.19 points	3.39%	0.20%
UnitedHealth Group IncorporatedUNH	EDOW +3.18 points	3.39%	0.21%
NIKE, Inc. (Class B)NKE	EDOW +3.17 points	3.39%	0.22%
Johnson & JohnsonJNJ	EDOW +3.14 points	3.35%	0.21%
Merck & Co., Inc.MRK	EDOW +3.11 points	3.31%	0.20%
McDonald's CorporationMCD	EDOW +3.11 points	3.33%	0.22%
American Express CompanyAXP	EDOW +3.03 points	3.24%	0.21%
Cisco Systems, Inc.CSCO	EDOW +2.94 points	3.12%	0.18%
Amazon.com, Inc.AMZN	EDOW +2.93 points	3.11%	0.18%
JPMorgan Chase & Co.JPM	EDOW +2.91 points	3.11%	0.20%
Salesforce, Inc.CRM	EDOW +2.87 points	3.07%	0.20%
NVIDIA CorporationNVDA	EDOW +2.81 points	2.99%	0.18%
The Goldman Sachs Group, Inc.GS	EDOW +2.63 points	2.84%	0.21%
Alphabet Inc. (Class A)GOOGL	EDOW +2.61 points	2.77%	0.16%
The Boeing CompanyBA	EDOW +2.54 points	2.72%	0.18%
Caterpillar Inc.CAT	EDOW +2.34 points	2.50%	0.16%

All 30 EDOW holdings⁠All 497 GSEW 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.

EDOW vs GSEW Cost

Overpaying EDOW vs GSEW

$8,081

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

EDOW 0.50%
$9,979
GSEW 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

EDOW 0.50%
GSEW 0.09%
Overpaying

Year by year

Year	EDOW	GSEW	Overpaying
10	$900	$165	$735
20	$3,460	$646	$2,814
30	$9,979	$1,898	$8,081

Expense ratio

0.50%EDOW
0.09%GSEW, cheaper

GSEW0.09%EDOW0.50%

0.09%0.50%

Middle half of US Equal Weight funds
Median 0.20%

GSEW cheapest of 9 funds

EDOW 9th cheapest of 9 funds

EDOW vs GSEW Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EDOW 1.22%; GSEW 1.39%, better
Payout (12M): EDOW $0.56; GSEW $1.34
Last payment: EDOW $0.13; GSEW $0.38
Ex-dividend: EDOW Sep 24, 2026; GSEW Sep 24, 2026
Paid on: EDOW Sep 30, 2026; GSEW Sep 30, 2026
Frequency: EDOW Quarterly; GSEW Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EDOWQuarterly · 37 paymentsAll EDOW payments⁠

GSEWQuarterly · 36 paymentsAll GSEW payments⁠

EDOW vs GSEW Risk

Fall from peak · 5 years

EDOW
GSEW

Risk facts

VolatilityStd dev, 3 years: EDOW 11.5%, betterGSEW 12.7%
Return per unit of riskSharpe ratio, 3 years: EDOW 1.18GSEW 1.21, better
Worst fallMax drawdown, 5 years: EDOW −22.0%, betterGSEW −25.8%
Market sensitivityBeta, 5 years: EDOW 0.85GSEW 0.91; Market = 1

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