EUSA vs GSEW: Grades, Fees and Holdings Compared

iShares MSCI USA Equal Weighted ETF

EUSAANYSE Arca

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

GSEWACboe

Overlap

84.9%by weight

Expense ratio

EUSA0.09%GSEW0.09%

Avg volume · 30D

GSEW 1.3×the volume

EUSA78.8KGSEW102K

5Y return · a year

GSEW +1.0pt

EUSA+7.1%GSEW+8.1%

EUSA vs GSEW Performance

Oct 29, 2021 – Oct 30, 2026

+41.1%EUSA+47.9%GSEW

Expense ratio: EUSA 0.09%; GSEW 0.09%
Fund size: EUSA $1.89B; GSEW $2.19B
1Y total return: EUSA +14.1%; GSEW +15.9%, better
Yield (12M): EUSA 1.40%, better; GSEW 1.39%
Holdings: EUSA 518; GSEW 498
Avg volume (30D): EUSA 78.8K sh; GSEW 102K sh, better
NAV per share: EUSA $115.27; GSEW $97.51
52W range

ETF.net Grade

Pillar letters and Scores for EUSA, GSEW, with each pillar’s weight
Pillar	EUSA	GSEW
Cost30% weight	A88	A88
Mission25% weight	A100	A100
Risk15% weight	C42	C43Higher
Tradability15% weight	A73Higher	B62
Holdings10% weight	A81	A81
Durability5% weight	A78Higher	B69

Rank among US Equal Weight funds

How we build Categories ›

Same Category. EUSA 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 ›

EUSA ranks 1st and GSEW 2nd 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

Our read on each fund

ETF.net Research

EUSAAiShares MSCI USA Equal Weighted ETF

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

In short

EUSA Equal weight, iShares style: each of roughly 500 large and mid cap US stocks gets the same slice, so the megacaps stop running the show. Around since 2010 and priced at 0.09%, less than half what the typical equal-weight fund charges.

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

EUSA The fund seeks to track an index composed of equally weighted U.S. stocks.

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

Why people hold it

EUSA 0.09% a year against a 0.20% median for equal-weight US funds, and nothing in the peer group undercuts it (GSEW matches).
Every holding gets the same slice, about 500 of them, so no handful of giants sets the tone the way it does in a cap-weighted US index.ishares.com
Live since 2010, a multi-billion-dollar fund, and it has hugged the MSCI USA Equal Weighted Index closely, one of the tightest jobs in its peer group.

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

EUSA Equal weighting tilts the portfolio toward mid caps, so its path can diverge widely from a standard cap-weighted US index in either direction.
Moderately traded rather than a category volume leader, so spreads and execution deserve attention on larger orders.
Income arrives quarterly, not monthly.

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 EUSA profile⁠

Full GSEW profile⁠

EUSA vs GSEW Holdings

How EUSA and GSEW differ

Overlap by weight

84.9%

Shared holdings make up 90.2% of GSEW and 87.5% of EUSA.

Level by level

Holdings449 in both84.9%
Sector11 Sectors95.6%
Countryby domicile98.9%
Asset classEquity100%

Sector

Sector weights in EUSA and GSEW, widest gap first
Sector	More in EUSAMore in GSEW	EUSA	GSEW
Technology	GSEW +2.3 points	18.9%	21.2%
Financials	EUSA +1.8 points	15.4%	13.6%
Industrials	GSEW +1.2 points	15.4%	16.6%
Real Estate	EUSA +0.9 points	4.8%	3.9%
Consumer Discretionary	EUSA +0.9 points	10.0%	9.1%
Communication	GSEW +0.5 points	3.4%	3.9%
Consumer Staples	EUSA +0.3 points	5.7%	5.4%
Materials	GSEW +0.3 points	4.1%	4.4%
Energy	EUSA +0.3 points	4.7%	4.4%
Utilities	EUSA +0.2 points	5.8%	5.6%
Health Care	Same weight	11.9%	11.9%

Country, concentration and asset class

Country by domicile

Country weights in EUSA and GSEW, widest gap first
Country	More in EUSAMore in GSEW	EUSA	GSEW
United States	GSEW +1.0 points	97.8%	98.8%
Other countries (8)	EUSA +1.0 points	2.2%	1.2%

Concentration

Weight in the 10 largest Holdings

EUSA2.6%
GSEW2.4%

Securities held

EUSA515
GSEW497

Asset class

EUSA: Equity
GSEW: Equity

Holdings

Only in EUSA66
In both449
Only in GSEW48

Only in EUSA

66 securities, 12.4% of EUSA by weight

Accenture PLC Class A0.28%
Ptc0.26%
Nxp Semiconductors NV0.23%
Everest Group0.23%
Waste Connections0.22%
Carnival Corp Ltd0.22%
Masco0.22%
Chubb0.22%
Best Buy0.21%
Corebridge Financial Inc0.21%
Linde PLC0.21%
Ball Corp0.21%
Gen Digital0.21%
Becton Dickinson0.21%
Elevance Health Inc0.21%
Skyworks Solutions0.21%
Jacobs Solutions Inc0.21%
Nordson0.21%
Lyondellbasell Industries Class A0.21%
Johnson Controls International PLC0.21%
Medtronic PLC0.21%
Royal Caribbean Group0.21%
Kimco Realty Reit Corp0.20%
Pinnacle Financial Partners0.20%
Slb0.20%
Textron Inc0.20%
Amcor PLC0.20%
Idex0.20%
Hyatt Hotels Corp Class A0.20%
News Class A0.20%
Roivant Sciences Ltd0.20%
Leidos Holdings0.20%
Ss and C Technologies Holdings0.20%
Regency Centers Reit Corp0.20%
Willis Towers Watson0.19%
Tractor Supply0.19%
Vivmark Residential0.19%
Fiserv Inc0.19%
Crh Public Limited PLC0.19%
Watsco0.19%
Block Class A0.19%
Neurocrine Biosciences0.19%
Sun Communities Reit Inc0.19%
Transunion0.19%
Vylor0.18%
Amrize AG0.18%
Genuine Parts0.18%
Deckers Outdoor0.18%
Mid America Apartment Communities0.18%
W. P. Carey Reit0.18%

Only in GSEW

48 securities, 9.7% of GSEW by weight

Accenture PLC0.24%
Moderna, Inc.0.23%
Venture Global, Inc.0.22%
Nxp Semiconductors N.v.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%
Viking Holdings Ltd0.22%
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%
Viatris Inc0.21%
Chubb Limited0.21%
Us Foods Holding Corp.0.21%
Fiserv, Inc.0.21%
Udr Inc0.21%
Flutter Entertainment Public Limited Company0.21%
Elevance Health Inc0.20%
Southwest Airlines Co0.20%
Tenet Healthcare Corp0.20%
Vivmark Residential0.20%
Linde PLC0.20%
Smurfit Westrock Public Limited Company0.20%
Royal Gold, Inc.0.20%
Roku, Inc.0.20%
Tko Group Holdings Inc0.20%
Johnson Controls International Public Limited Comp0.20%
Block, Inc.0.20%
Itt Inc.0.20%
Ubiquiti Inc0.19%
Woodward Inc0.19%
Southern Copper Corporation0.19%
Globalfoundries Inc0.19%
Td Synnex Corp0.18%
Eaton Corp PLC0.18%
Symbotic Inc.0.17%
Mks Inc0.16%
Macom Technology Solutions0.15%
Sterling Infrastructure Inc0.14%
Cerebras Systems Inc.0.13%

Weight gaps

The 100 widest of 449 Holdings in both funds.

Holding weights in EUSA and GSEW, widest gap first
Holding	More in EUSAMore in GSEW	EUSA	GSEW
HeicoHEI	GSEW +0.13 points	0.08%	0.21%
CortevaCTVA	GSEW +0.13 points	0.03%	0.16%
Okta Class AOKTA	EUSA +0.10 points	0.30%	0.20%
Fox Class AFOXA	GSEW +0.08 points	0.12%	0.20%
Fair IsaacFICO	GSEW +0.09 points	0.12%	0.21%
Strategy Inc Class AMSTR	EUSA +0.07 points	0.25%	0.18%
Axon EnterpriseAXON	GSEW +0.08 points	0.13%	0.21%
Alphabet Class AGOOGL	GSEW +0.07 points	0.09%	0.16%
Crowdstrike Holdings Class ACRWD	EUSA +0.06 points	0.25%	0.19%
Dicks SportingDKS	GSEW +0.06 points	0.15%	0.21%
Meta Platforms Class AMETA	EUSA +0.06 points	0.23%	0.17%
Marathon PetroleumMPC	EUSA +0.06 points	0.25%	0.19%
Valero Energy CorpVLO	EUSA +0.05 points	0.23%	0.18%
EquifaxEFX	GSEW +0.06 points	0.19%	0.25%
PG&E CorpPCG	GSEW +0.05 points	0.15%	0.20%
Hewlett Packard EnterpriseHPE	EUSA +0.05 points	0.21%	0.16%
Everpure Inc Class AP	EUSA +0.05 points	0.23%	0.18%
Charter Communications Class ACHTR	GSEW +0.05 points	0.15%	0.20%
Edison InternationalEIX	GSEW +0.05 points	0.16%	0.21%
Curtiss WrightCW	GSEW +0.05 points	0.14%	0.19%
Booking HoldingsBKNG	GSEW +0.05 points	0.14%	0.19%
Reddit Class ARDDT	GSEW +0.05 points	0.12%	0.17%
Bloom Energy Class ABE	EUSA +0.05 points	0.20%	0.15%
Advanced Micro DevicesAMD	EUSA +0.05 points	0.22%	0.17%
Caseys General Stores IncCASY	GSEW +0.05 points	0.16%	0.21%
BlackstoneBX	GSEW +0.05 points	0.16%	0.21%
Aon PLC Class AAON	GSEW +0.04 points	0.19%	0.23%
Mongodb Class AMDB	GSEW +0.05 points	0.16%	0.21%
StrykerSYK	GSEW +0.05 points	0.17%	0.22%
SynopsysSNPS	EUSA +0.04 points	0.23%	0.19%
T Rowe Price GroupTROW	EUSA +0.05 points	0.19%	0.14%
NateraNTRA	EUSA +0.05 points	0.26%	0.21%
International PaperIP	GSEW +0.04 points	0.18%	0.22%
Las Vegas SandsLVS	GSEW +0.04 points	0.16%	0.20%
Weyerhaeuser ReitWY	GSEW +0.04 points	0.17%	0.21%
Lumentum HoldingsLITE	EUSA +0.04 points	0.20%	0.16%
Coeur MiningCDE	GSEW +0.04 points	0.13%	0.17%
DeereDE	EUSA +0.04 points	0.23%	0.19%
Carpenter TechnologyCRS	GSEW +0.04 points	0.11%	0.15%
Veeva Systems Class AVEEV	EUSA +0.04 points	0.25%	0.21%
Phillips 66PSX	EUSA +0.04 points	0.24%	0.20%
Northrop Grumman CorpNOC	GSEW +0.04 points	0.19%	0.23%
Expedia GroupEXPE	GSEW +0.03 points	0.18%	0.21%
Copart IncCPRT	GSEW +0.04 points	0.18%	0.22%
Sofi TechnologiesSOFI	GSEW +0.04 points	0.18%	0.22%
First SolarFSLR	GSEW +0.04 points	0.16%	0.20%
Howmet AerospaceHWM	GSEW +0.04 points	0.14%	0.18%
FortinetFTNT	EUSA +0.04 points	0.18%	0.14%
Ftai AviationFTAI	GSEW +0.04 points	0.18%	0.22%
Kkr and Co IncKKR	GSEW +0.04 points	0.17%	0.21%
Dell Technologies Inc Class CDELL	EUSA +0.04 points	0.20%	0.16%
InsmedINSM	GSEW +0.04 points	0.17%	0.21%
Boston ScientificBSX	GSEW +0.04 points	0.16%	0.20%
Ares Management Class AARES	GSEW +0.03 points	0.18%	0.21%
Home DepotHD	GSEW +0.04 points	0.19%	0.23%
RtxRTX	GSEW +0.04 points	0.18%	0.22%
Applovin Class AAPP	GSEW +0.03 points	0.15%	0.18%
Burlington StoresBURL	GSEW +0.03 points	0.14%	0.17%
Lockheed MartinLMT	GSEW +0.03 points	0.22%	0.25%
Cbre Group Class ACBRE	GSEW +0.03 points	0.17%	0.20%
Lowes Companies IncLOW	GSEW +0.03 points	0.19%	0.22%
Western Digital CorpWDC	GSEW +0.03 points	0.16%	0.19%
Jb Hunt Transport ServicesJBHT	GSEW +0.03 points	0.16%	0.19%
L3HARRIS TechnologiesLHX	GSEW +0.03 points	0.20%	0.23%
General Mills IncGIS	GSEW +0.03 points	0.17%	0.20%
Rocket Companies Inc Class ARKT	GSEW +0.03 points	0.18%	0.21%
General Dynamics CorpGD	GSEW +0.03 points	0.19%	0.22%
ZscalerZS	EUSA +0.03 points	0.26%	0.23%
Cummins IncCMI	GSEW +0.03 points	0.17%	0.20%
Nike Class BNKE	GSEW +0.03 points	0.19%	0.22%
Ford Motor CoF	GSEW +0.03 points	0.17%	0.20%
Ge AerospaceGE	GSEW +0.03 points	0.17%	0.20%
Goldman Sachs GroupGS	GSEW +0.03 points	0.18%	0.21%
IntuitINTU	GSEW +0.03 points	0.19%	0.22%
Super Micro Computer IncSMCI	EUSA +0.03 points	0.18%	0.15%
Space Exploration Technologies CorSPCX	EUSA +0.02 points	0.19%	0.17%
Astera LabsALAB	EUSA +0.03 points	0.18%	0.15%
VistraVST	EUSA +0.03 points	0.20%	0.17%
F5FFIV	EUSA +0.03 points	0.18%	0.15%
Comcast Class ACMCSA	GSEW +0.02 points	0.18%	0.20%
Bank of AmericaBAC	GSEW +0.03 points	0.16%	0.19%
AtiATI	GSEW +0.03 points	0.15%	0.18%
Lennox InternationalLII	GSEW +0.02 points	0.17%	0.19%
Apollo Global ManagementAPO	GSEW +0.03 points	0.17%	0.20%
TapestryTPR	GSEW +0.02 points	0.18%	0.20%
Echostar Class AECHO	EUSA +0.03 points	0.22%	0.19%
Vici Pptys IncVICI	GSEW +0.02 points	0.19%	0.21%
PultegroupPHM	GSEW +0.03 points	0.19%	0.22%
Illumina IncILMN	EUSA +0.02 points	0.23%	0.21%
Mckesson CorpMCK	EUSA +0.02 points	0.23%	0.21%
Realty Income ReitO	GSEW +0.03 points	0.18%	0.21%
Entegris IncENTG	EUSA +0.03 points	0.22%	0.19%
Paccar IncPCAR	GSEW +0.03 points	0.16%	0.19%
BoeingBA	GSEW +0.03 points	0.15%	0.18%
VerisignVRSN	EUSA +0.03 points	0.23%	0.20%
Netapp IncNTAP	EUSA +0.03 points	0.21%	0.18%
Omnicom Group IncOMC	GSEW +0.02 points	0.19%	0.21%
PaychexPAYX	GSEW +0.03 points	0.18%	0.21%
Take Two Interactive SoftwareTTWO	GSEW +0.03 points	0.16%	0.19%
Airbnb Class AABNB	GSEW +0.02 points	0.18%	0.20%

All 515 EUSA 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.

EUSA vs GSEW Cost

Same expense ratio

$1,898

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

EUSA 0.09%
$1,898
GSEW 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

EUSA 0.09%
GSEW 0.09%

Year by year

Year	EUSA	GSEW
10	$165	$165
20	$646	$646
30	$1,898	$1,898

Expense ratio

0.09%EUSA
0.09%GSEW

EUSA0.09%GSEW0.09%

0.09%0.50%

Middle half of US Equal Weight funds
Median 0.20%

EUSA cheapest of 9 funds

GSEW cheapest of 9 funds

EUSA vs GSEW Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EUSA 1.40%, better; GSEW 1.39%
Payout (12M): EUSA $1.61; GSEW $1.34
Last payment: EUSA $0.39; GSEW $0.38
Ex-dividend: EUSA Sep 15, 2026; GSEW Sep 24, 2026
Paid on: EUSA Sep 18, 2026; GSEW Sep 30, 2026
Frequency: EUSA Quarterly; GSEW Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EUSAQuarterly · 40 paymentsAll EUSA payments⁠

GSEWQuarterly · 36 paymentsAll GSEW payments⁠

EUSA vs GSEW Risk

Fall from peak · 5 years

EUSA
GSEW

Risk facts

VolatilityStd dev, 3 years: EUSA 13.0%GSEW 12.7%, better
Return per unit of riskSharpe ratio, 3 years: EUSA 1.06GSEW 1.21, better
Worst fallMax drawdown, 5 years: EUSA −25.2%, betterGSEW −25.8%
Market sensitivityBeta, 5 years: EUSA 0.98GSEW 0.91; Market = 1

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