EQL vs GSEW: Grades, Fees and Holdings Compared

ALPS Equal Sector Weight ETF

EQLBNYSE Arca

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

GSEWACboe

Overlap

46.4%by weight

Expense ratio

GSEW −0.10pt a year

EQL0.19%GSEW0.09%

Avg volume · 30D

GSEW 2.3×the volume

EQL44.7KGSEW102K

5Y return · a year

EQL +5.0pt

EQL+13.1%GSEW+8.1%

EQL vs GSEW Performance

Oct 29, 2021 – Oct 30, 2026

+85.2%EQL+47.9%GSEW

Expense ratio: EQL 0.19%; GSEW 0.09%, better
Fund size: EQL $786M; GSEW $2.19B
1Y total return: EQL +14.7%; GSEW +15.9%, better
Yield (12M): EQL 1.29%; GSEW 1.39%, better
Holdings: EQL 498; GSEW 498
Avg volume (30D): EQL 44.7K sh; GSEW 102K sh, better
NAV per share: EQL $51.91; GSEW $97.51
52W range

ETF.net Grade

Pillar letters and Scores for EQL, GSEW, with each pillar’s weight
Pillar	EQL	GSEW
Cost30% weight	B62	A88Higher
Mission25% weight	A89	A100Higher
Risk15% weight	A74Higher	C43
Tradability15% weight	C46	B62Higher
Holdings10% weight	C44	A81Higher
Durability5% weight	B64	B69Higher

Rank among US Equal Weight funds

How we build Categories ›

Same Category. EQL 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 EQL 4th 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 4BEQLALPS Equal Sector Weight ETFScore 66
Rank 5BEQWLInvesco S&P 100 Equal Weight ETFScore 65

Our read on each fund

ETF.net Research

EQLBALPS Equal Sector Weight ETF

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

In short

EQL Every equal-weight fund levels something. EQL levels sectors: eleven U.S. economic sectors, each handed an equal slice, so no single sector sets the agenda. Running since 2009 at 0.19% a year.

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

EQL EQL passively seeks to track, before fees and expenses, the VettaFi Modelist Equal Weight Sector 500 Index. The index equally weights eleven U.S. economic sectors and float-adjusts stocks within each sector.

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

Why people hold it

EQL Eleven sectors, eleven equal slices at each index reset. Any sector's share of the portfolio is capped by the rulebook, not by a manager's opinion.alpsfunds.com
0.19% a year, a shade under the 0.20% typical of its equal-weight peer group.
Trading since 2009, one of the longer-running equal-weight funds on the tape, and it sits in the upper half of that peer group.
A plain index tracker with a published benchmark (the VettaFi Modelist Equal Weight Sector 500 Index) and no discretionary tilts bolted on.alpsfunds.com

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

EQL Cheaper equal-weight funds exist: GSEW and EUSA both run 0.09%, though they level individual stocks rather than sectors.
Thinly traded next to the giants in its category, which can mean wider bid-ask spreads at the moment you trade.
Equal sectors is not equal stocks. Inside each sector slice, names are float-adjusted, so the biggest companies still lead their own group.alpsfunds.com

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 EQL profile⁠

Full GSEW profile⁠

EQL vs GSEW Holdings

How EQL and GSEW differ

Overlap by weight

46.4%

Shared holdings make up 94.0% of EQL and 90.7% of GSEW.

Level by level

Holdings452 in both46.4%
Sector11 Sectors74.1%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in EQL and GSEW, widest gap first
Sector	More in EQLMore in GSEW	EQL	GSEW
Technology	GSEW +10.4 points	10.8%	21.2%
Industrials	GSEW +7.9 points	8.7%	16.6%
Communication	EQL +5.6 points	9.5%	3.9%
Financials	GSEW +5.0 points	8.6%	13.6%
Real Estate	EQL +4.7 points	8.6%	3.9%
Energy	EQL +4.6 points	9.0%	4.4%
Materials	EQL +3.8 points	8.2%	4.4%
Consumer Staples	EQL +3.7 points	9.1%	5.4%
Utilities	EQL +3.0 points	8.6%	5.6%
Health Care	GSEW +2.4 points	9.4%	11.9%
Consumer Discretionary	EQL +0.3 points	9.4%	9.1%

Country, concentration and asset class

Country by domicile

Country weights in EQL and GSEW, widest gap first
Country	More in EQLMore in GSEW	EQL	GSEW
United States	EQL +0.6 points	99.4%	98.8%
Other countries (4)	GSEW +0.6 points	0.6%	1.2%

Concentration

Weight in the 10 largest Holdings

EQL23.1%
GSEW2.4%

Securities held

EQL497
GSEW497

Asset class

EQL: Equity
GSEW: Equity

Holdings

Only in EQL45
In both452
Only in GSEW45

Only in EQL

45 securities, 5.6% of EQL by weight

Linde PLC1.91%
Vivmark Residential0.39%
SLB Ltd.0.30%
Accenture PLC0.24%
Eaton Corp. PLC0.22%
Smurfit Westrock PLC0.18%
Medtronic PLC0.18%
Amcor PLC0.18%
Chubb Ltd.0.15%
LyondellBasell Industries NV0.14%
Johnson Controls International PLC0.14%
Elevance Health Inc.0.13%
Spotify Technology SA0.13%
RBC Bearings Inc.0.12%
Sun Communities Inc.0.11%
Royal Caribbean Cruises Ltd.0.11%
Mid-America Apartment Communities Inc.0.11%
Talen Energy Corp.0.10%
Albemarle Corp.0.09%
Alcoa Corp.0.08%
Becton Dickinson & Co.0.08%
Carnival Corp. Ltd.0.05%
Block Inc.0.04%
Willis Towers Watson PLC0.03%
Liberty Media Corp.0.03%
Fiserv Inc.0.03%
Best Buy Co. Inc.0.03%
Jacobs Solutions Inc.0.03%
Tractor Supply Co.0.03%
Leidos Holdings Inc.0.03%
Textron Inc.0.02%
Somnigroup International Inc.0.02%
News Corp.0.02%
SS&C Technologies Holdings Inc.0.02%
Lululemon Athletica Inc.0.02%
Watsco Inc.0.02%
TransUnion0.02%
Carlyle Group Inc.0.01%
PTC Inc.<0.01%
Gen Digital Inc.<0.01%
Akamai Technologies Inc.<0.01%
Lattice Semiconductor Corp.<0.01%
Nextpower Inc.<0.01%
IonQ Inc.<0.01%
SiTime Corp.<0.01%

Only in GSEW

45 securities, 9.3% of GSEW by weight

Accenture PLC0.24%
Venture Global, Inc.0.22%
Nxp Semiconductors N.v.0.22%
Sharkninja, Inc.0.22%
Sunbelt Rentals Holdings, Inc.0.22%
Lyondellbasell Industries N.v.0.22%
Medtronic Public Limited Company0.22%
Slb Ltd0.22%
Crh Public Limited Company0.22%
Api Group Corporation0.22%
Amrize Ltd0.22%
Ralph Lauren Corp0.22%
Aercap Holdings NV0.22%
Tradeweb Markets Inc0.22%
Carnival Corporation0.22%
Willis Towers Watson PLC0.21%
Becton, Dickinson and Company0.21%
Guardant Health, Inc.0.21%
Royal Caribbean Group0.21%
Draftkings Inc0.21%
Dicks Sporting Goods Inc0.21%
Chubb Limited0.21%
Fiserv, Inc.0.21%
Udr Inc0.21%
Flutter Entertainment Public Limited Company0.21%
Honeywell Aerospace Inc.0.20%
Elevance Health Inc0.20%
Vivmark Residential0.20%
Linde PLC0.20%
Smurfit Westrock Public Limited Company0.20%
Cf Industries Holdings, Inc.0.20%
Roku, Inc.0.20%
Toast, Inc.0.20%
Samsara Inc.0.20%
Tko Group Holdings Inc0.20%
Johnson Controls International Public Limited Comp0.20%
Block, Inc.0.20%
Itt Inc.0.20%
Technipfmc PLC0.19%
Fedex Freight Holding Company, Inc.0.19%
Ubiquiti Inc0.19%
Southern Copper Corporation0.19%
Eaton Corp PLC0.18%
Symbotic Inc.0.17%
Cerebras Systems Inc.0.13%

Weight gaps

The 100 widest of 452 Holdings in both funds.

Holding weights in EQL and GSEW, widest gap first
Holding	More in EQLMore in GSEW	EQL	GSEW
Alphabet Inc.GOOGL	EQL +4.03 points	4.19%	0.16%
Amazon.com Inc.AMZN	EQL +3.35 points	3.53%	0.18%
ExxonMobil Holdings Corp.XOM	EQL +2.67 points	2.89%	0.22%
Meta Platforms Inc.META	EQL +1.68 points	1.85%	0.17%
Apple Inc.AAPL	EQL +1.60 points	1.80%	0.20%
NVIDIA Corp.NVDA	EQL +1.52 points	1.70%	0.18%
Eli Lilly & Co.LLY	EQL +1.53 points	1.75%	0.22%
Chevron Corp.CVX	EQL +1.52 points	1.74%	0.22%
Walmart Inc.WMT	EQL +1.49 points	1.71%	0.22%
Tesla Inc.TSLA	EQL +1.48 points	1.69%	0.21%
Costco Wholesale Corp.COST	EQL +1.19 points	1.40%	0.21%
Welltower Inc.WELL	EQL +1.17 points	1.37%	0.20%
Microsoft Corp.MSFT	EQL +1.16 points	1.36%	0.20%
Coca-Cola Co.KO	EQL +1.05 points	1.26%	0.21%
NextEra Energy Inc.NEE	EQL +0.96 points	1.17%	0.21%
Procter & Gamble Co.PG	EQL +0.96 points	1.17%	0.21%
Berkshire Hathaway Inc.BRK.B	EQL +0.89 points	1.10%	0.21%
Philip Morris International Inc.PM	EQL +0.81 points	1.02%	0.21%
Prologis Inc.PLD	EQL +0.79 points	0.99%	0.20%
JPMorgan Chase & Co.JPM	EQL +0.78 points	0.98%	0.20%
Johnson & JohnsonJNJ	EQL +0.75 points	0.96%	0.21%
Newmont Corp.NEM	EQL +0.72 points	0.91%	0.19%
Equinix Inc.EQIX	EQL +0.61 points	0.81%	0.20%
Visa Inc.V	EQL +0.55 points	0.77%	0.22%
AbbVie Inc.ABBV	EQL +0.55 points	0.76%	0.21%
Freeport-McMoRan Inc.FCX	EQL +0.54 points	0.72%	0.18%
Southern Co.SO	EQL +0.51 points	0.72%	0.21%
American Tower Corp.AMT	EQL +0.49 points	0.71%	0.22%
ConocoPhillipsCOP	EQL +0.46 points	0.69%	0.23%
Duke Energy Corp.DUK	EQL +0.46 points	0.67%	0.21%
Constellation Energy Corp.CEG	EQL +0.43 points	0.60%	0.17%
Sherwin-Williams Co.SHW	EQL +0.41 points	0.61%	0.20%
Ecolab Inc.ECL	EQL +0.40 points	0.61%	0.21%
PepsiCo Inc.PEP	EQL +0.37 points	0.58%	0.21%
Broadcom Inc.AVGO	EQL +0.36 points	0.54%	0.18%
Simon Property Group Inc.SPG	EQL +0.36 points	0.57%	0.21%
Air Products and Chemicals Inc.APD	EQL +0.35 points	0.57%	0.22%
Mastercard Inc.MA	EQL +0.34 points	0.56%	0.22%
Digital Realty Trust Inc.DLR	EQL +0.34 points	0.54%	0.20%
Merck & Co. Inc.MRK	EQL +0.34 points	0.54%	0.20%
UnitedHealth Group Inc.UNH	EQL +0.32 points	0.53%	0.21%
Space Exploration Technologies Corp.SPCX	EQL +0.29 points	0.46%	0.17%
Nucor Corp.NUE	EQL +0.28 points	0.50%	0.22%
Caterpillar Inc.CAT	EQL +0.27 points	0.43%	0.16%
General Electric Co.GE	EQL +0.28 points	0.48%	0.20%
Marathon Petroleum Corp.MPC	EQL +0.28 points	0.47%	0.19%
American Electric Power Co. Inc.AEP	EQL +0.27 points	0.48%	0.21%
Home Depot Inc.HD	EQL +0.26 points	0.49%	0.23%
Valero Energy Corp.VLO	EQL +0.25 points	0.43%	0.18%
Realty Income Corp.O	EQL +0.23 points	0.44%	0.21%
Roper Technologies Inc.ROP	GSEW +0.22 points	0.02%	0.24%
Public StoragePSA	EQL +0.22 points	0.44%	0.22%
Phillips 66PSX	EQL +0.22 points	0.42%	0.20%
Equifax Inc.EFX	GSEW +0.23 points	0.02%	0.25%
Zscaler Inc.ZS	GSEW +0.22 points	<0.01%	0.23%
CDW Corp.CDW	GSEW +0.21 points	0.03%	0.24%
First Citizens BancShares Inc.FCNCA	GSEW +0.20 points	0.02%	0.22%
Cognizant Technology Solutions Corp.CTSH	GSEW +0.20 points	0.01%	0.21%
Rollins Inc.ROL	GSEW +0.20 points	0.02%	0.22%
Fair Isaac Corp.FICO	GSEW +0.20 points	<0.01%	0.21%
Fortive Corp.FTV	GSEW +0.20 points	0.03%	0.23%
MongoDB Inc.MDB	GSEW +0.20 points	<0.01%	0.21%
SoFi Technologies Inc.SOFI	GSEW +0.20 points	0.02%	0.22%
Bank of America Corp.BAC	EQL +0.19 points	0.38%	0.19%
RTX Corp.RTX	EQL +0.19 points	0.41%	0.22%
Zoom Communications Inc.ZM	GSEW +0.19 points	<0.01%	0.20%
Fidelity National Information Services Inc.FIS	GSEW +0.19 points	0.02%	0.21%
Brown & Brown Inc.BRO	GSEW +0.19 points	0.02%	0.21%
VeriSign Inc.VRSN	GSEW +0.19 points	<0.01%	0.20%
Atlassian Corp.TEAM	GSEW +0.19 points	0.01%	0.20%
Altria Group Inc.MO	EQL +0.19 points	0.41%	0.22%
Microchip Technology Inc.MCHP	GSEW +0.19 points	0.02%	0.21%
Lennar Corp.LEN	GSEW +0.19 points	0.03%	0.22%
Ulta Beauty Inc.ULTA	GSEW +0.19 points	0.04%	0.23%
Workday Inc.WDAY	GSEW +0.19 points	0.01%	0.20%
Cincinnati Financial Corp.CINF	GSEW +0.19 points	0.03%	0.22%
First Solar Inc.FSLR	GSEW +0.19 points	<0.01%	0.20%
Viking Holdings Ltd.VIK	GSEW +0.19 points	0.03%	0.22%
Circle Internet Group Inc.CRCL	GSEW +0.18 points	<0.01%	0.19%
Labcorp Holdings Inc.LH	GSEW +0.19 points	0.04%	0.23%
KeyCorpKEY	GSEW +0.19 points	0.02%	0.21%
Las Vegas Sands Corp.LVS	GSEW +0.19 points	0.01%	0.20%
FTAI Aviation Ltd.FTAI	GSEW +0.19 points	0.03%	0.22%
Dominion Energy Inc.D	EQL +0.18 points	0.39%	0.21%
Zimmer Biomet Holdings Inc.ZBH	GSEW +0.18 points	0.03%	0.21%
Markel Group Inc.MKL	GSEW +0.19 points	0.02%	0.21%
Broadridge Financial Solutions Inc.BR	GSEW +0.19 points	0.03%	0.22%
ROBLOX Corp.RBLX	GSEW +0.18 points	0.04%	0.22%
Okta Inc.OKTA	GSEW +0.19 points	0.01%	0.20%
Loews Corp.L	GSEW +0.19 points	0.02%	0.21%
Royalty Pharma PLCRPRX	GSEW +0.19 points	0.04%	0.23%
W R Berkley Corp.WRB	GSEW +0.18 points	0.02%	0.20%
Intuit Inc.INTU	GSEW +0.19 points	0.03%	0.22%
Regions Financial Corp.RF	GSEW +0.18 points	0.03%	0.21%
GLOBALFOUNDRIES Inc.GFS	GSEW +0.19 points	<0.01%	0.19%
Estee Lauder Cos. Inc.EL	GSEW +0.18 points	0.04%	0.22%
Ares Management Corp.ARES	GSEW +0.18 points	0.03%	0.21%
Micron Technology Inc.MU	EQL +0.18 points	0.35%	0.17%
Steris PLCSTE	GSEW +0.18 points	0.03%	0.21%
HP Inc.HPQ	GSEW +0.18 points	<0.01%	0.19%

All EQL 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.

EQL vs GSEW Cost

Overpaying EQL vs GSEW

$2,054

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

EQL 0.19%
$3,952
GSEW 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

EQL 0.19%
GSEW 0.09%
Overpaying

Year by year

Year	EQL	GSEW	Overpaying
10	$347	$165	$182
20	$1,351	$646	$705
30	$3,952	$1,898	$2,054

Expense ratio

0.19%EQL
0.09%GSEW, cheaper

GSEW0.09%EQL0.19%

0.09%0.50%

Middle half of US Equal Weight funds
Median 0.20%

GSEW cheapest of 9 funds

EQL 3rd cheapest of 9 funds

EQL vs GSEW Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EQL 1.29%; GSEW 1.39%, better
Payout (12M): EQL $0.67; GSEW $1.34
Last payment: EQL $0.18; GSEW $0.38
Ex-dividend: EQL Sep 24, 2026; GSEW Sep 24, 2026
Paid on: EQL Sep 29, 2026; GSEW Sep 30, 2026
Frequency: EQL Quarterly; GSEW Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EQLQuarterly · 39 paymentsAll EQL payments⁠

GSEWQuarterly · 36 paymentsAll GSEW payments⁠

EQL vs GSEW Risk

Fall from peak · 5 years

EQL
GSEW

Risk facts

VolatilityStd dev, 3 years: EQL 10.5%, betterGSEW 12.7%
Return per unit of riskSharpe ratio, 3 years: EQL 1.46, betterGSEW 1.21
Worst fallMax drawdown, 5 years: EQL −17.4%, betterGSEW −25.8%
Market sensitivityBeta, 5 years: EQL 0.73GSEW 0.91; Market = 1

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