GGUS vs SPYG: Grades, Fees and Holdings Compared

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

GGUSBNYSE Arca

State Street SPDR Portfolio S&P 500 Growth ETF

SPYGANYSE Arca

Overlap

69.5%by weight

Expense ratio

SPYG −0.08pt a year

GGUS0.12%SPYG0.04%

Avg volume · 30D

SPYG 82.1×the volume

GGUS27.8KSPYG2.28M

GGUS vs SPYG Performance

Oct 31, 2025 – Oct 30, 2026

−1.4%GGUS+8.3%SPYG

Expense ratio: GGUS 0.12%; SPYG 0.04%, better
Fund size: GGUS $482M; SPYG $55.5B
1Y total return: GGUS −1.4%; SPYG +8.3%, better
Yield (12M): GGUS 0.42%; SPYG 0.50%, better
Holdings: GGUS 370; SPYG 154
Avg volume (30D): GGUS 27.8K sh; SPYG 2.28M sh, better
NAV per share: GGUS $65.97; SPYG $119.59
52W range

ETF.net Grade

Pillar letters and Scores for GGUS, SPYG, with each pillar’s weight
Pillar	GGUS	SPYG
Cost30% weight	B59	A96Higher
Mission25% weight	A100Higher	A98
Risk15% weight	C40	B62Higher
Tradability15% weight	D33	A95Higher
Holdings10% weight	C53Higher	D38
Durability5% weight	D26	A79Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. GGUS and SPYG are both graded against the same 35 US Growth Index funds, so their Grades compare head to head.

US Growth Index⁠

Category · 35 funds

See all 35 ›

SPYG ranks 1st and GGUS 18th of 35 funds in the US Growth Index Category.

Rank 1ASPYGState Street SPDR Portfolio S&P 500 Growth ETFScore 84
Rank 2AILCGiShares Morningstar Growth ETFScore 78
Rank 16BSTXGStrive 1000 Growth ETFScore 61
Rank 18BGGUSGoldman Sachs MarketBeta Russell 1000 Growth Equity ETFScore 60
Rank 19BIWOiShares Russell 2000 Growth ETFScore 59

Our read on each fund

ETF.net Research

GGUSBGoldman Sachs MarketBeta Russell 1000 Growth Equity ETF

SPYGAState Street SPDR Portfolio S&P 500 Growth ETF

In short

GGUS Goldman's plain-vanilla shelf. GGUS tracks the same Russell 1000 Growth index the household names use, charges 0.12%, and undercuts the category's median fee. No stock picking, no Goldman house view, just the growth half of US large caps.

SPYG The growth half of the S&P 500 for 0.04% a year, running since 2000. No exotic screen, no reinvention: just the index's fastest-growing names, in the cheapest wrapper tracking that index.

Stated mandate

GGUS The Fund seeks returns that closely track its underlying index before fees and expenses.

SPYG The fund seeks to track, before fees and expenses, the total return of the S&P 500 Growth Index. It provides exposure to S&P 500 companies selected for strong growth characteristics.

Why people hold it

GGUS 0.12% a year: a third less than IWF on the identical Russell 1000 Growth index, and below the 0.18% median for US growth funds.
Its whole job is mirroring the Russell 1000 Growth Index before fees, and it is one of the closest trackers in its peer group.
About 400 large US growth names in one ticker, chosen by the index rather than a Goldman analyst. Distributions come quarterly.

SPYG Costs 0.04% a year, well under the typical fee in the US growth-ETF group.
The cheapest way to buy the S&P 500 Growth Index: VOOG follows the same benchmark at 0.07%.
Has tracked its index tightly, one of the strongest implementations among growth funds we grade.
Trading since 2000, now a multi-billion-dollar fund that changes hands actively, so spreads stay thin. Pays quarterly.

Worth knowing

GGUS Thinly traded next to the giants of this category, so bid-ask spreads can run wider and larger orders can move the price.
Not the cheapest door to this index: VONG tracks the same Russell 1000 Growth benchmark for 0.06%.
Launched in late 2023, so the record is short, and it owns only the growth side of large caps, with no value holdings as ballast.

SPYG About 150 stocks, not 500. You get the growth slice, which means heavier single-name and sector concentration than the full index.
The index screens on growth and momentum, so rebalances lean into names that have already run and the ride is bumpier than the broad market.
Large-cap US only. No small caps, no international, no bonds.

Full GGUS profile⁠

Full SPYG profile⁠

GGUS vs SPYG Holdings

How GGUS and SPYG differ

Overlap by weight

69.5%

Shared holdings make up 86.5% of SPYG and 84.2% of GGUS.

Level by level

Holdings106 in both69.5%
Sector11 Sectors95.1%
Asset classEquity100%
Countryby domicile99.7%

Sector

Sector weights in GGUS and SPYG, widest gap first
Sector	More in GGUSMore in SPYG	GGUS	SPYG
Financials	SPYG +3.9 points	5.3%	9.2%
Industrials	GGUS +3.1 points	8.7%	5.6%
Communication	GGUS +0.8 points	15.6%	14.8%
Energy	GGUS +0.6 points	0.6%	0.0%
Health Care	SPYG +0.5 points	6.4%	6.8%
Consumer Discretionary	GGUS +0.3 points	8.6%	8.3%
Technology	SPYG +0.3 points	52.6%	52.9%
Real Estate	SPYG +0.2 points	0.4%	0.6%
Consumer Staples	GGUS +0.1 points	1.3%	1.2%
Utilities	Same weight	0.3%	0.3%
Materials	Same weight	0.3%	0.3%

Country, concentration and asset class

Country by domicile

Country weights in GGUS and SPYG, widest gap first
Country	More in GGUSMore in SPYG	GGUS	SPYG
United States	SPYG +0.1 points	99.7%	99.8%
Brazil	GGUS +0.2 points	0.1%	0.0%
Canada	GGUS +0.1 points	0.1%	0.0%
China	SPYG +0.1 points	0.0%	0.1%
Mexico	SPYG +0.1 points	0.0%	0.1%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

GGUS49.4%
SPYG58.9%

Securities held

GGUS369
SPYG152

Asset class

GGUS: Equity
SPYG: Equity

Holdings

Only in GGUS263
In both106
Only in SPYG46

Only in GGUS

263 securities, 15.8% of GGUS by weight

Texas Instruments Inc.1.02%
The Home Depot, Inc.0.87%
Costco Wholesale Corporation0.69%
Western Digital Corporation0.49%
Lockheed Martin Corporation0.47%
Snowflake Inc.0.40%
Mckesson Corporation0.39%
Cloudflare, Inc.0.35%
Spotify Technology S.a.0.31%
Space Exploration Technologies Corp.0.29%
Cintas Corporation0.26%
Blackstone Group Inc/The0.25%
Adobe Inc0.25%
Targa Resources Corp.0.24%
Starbucks Corp.0.24%
Marathon Petroleum Corporation0.23%
Cencora Inc0.22%
Natera, Inc.0.21%
American Tower Corp0.20%
W.w. Grainger Inc0.18%
Fastenal Company0.18%
Walmart Inc0.16%
Astera Labs, Inc.0.16%
Royal Caribbean Group0.16%
Microchip Technology Incorporated0.15%
Automatic Data Processing Inc0.15%
Nu Holdings Ltd.0.15%
Chipotle Mexican Grill, Inc.0.14%
Anglogold Ashanti Limited0.14%
Revolution Medicines Inc0.13%
Roblox Corporation0.12%
Atlassian Corp0.12%
Citigroup Inc.0.12%
Rocket Lab Corporation0.12%
Keysight Technologies, Inc.0.11%
Colgate-Palmolive Co0.11%
Motorola Solutions Inc0.11%
Credo Technology Group Holding Ltd0.10%
Mongodb, Inc.0.10%
Cardinal Health, Inc.0.10%
Zoetis Inc.0.09%
Zscaler, Inc.0.09%
Darden Restaurants, Inc.0.09%
Ares Management Corporation0.09%
Insmed Incorporated0.09%
Ati Inc0.08%
Eaton Corp PLC0.08%
Illinois Tool Works0.08%
Waste Management Inc0.08%
Alnylam Pharmaceuticals Inc.0.08%

Only in SPYG

46 securities, 13.5% of SPYG by weight

Berkshire Hathaway Inc Class B2.82%
JPMorgan Chase & Co1.73%
Johnson & Johnson1.09%
Rtx Corp0.75%
Cisco Systems Inc0.63%
Philip Morris International0.51%
Goldman Sachs Group Inc0.49%
Welltower Inc0.47%
Morgan Stanley0.38%
Intl Business Machines Corp0.35%
Newmont Corp0.33%
Gilead Sciences Inc0.31%
Seagate Technology Holdings0.28%
McDonald’s Corp0.22%
Royal Caribbean Cruises Ltd0.22%
Progressive Corp0.21%
O Reilly Automotive Inc0.20%
Hca Healthcare Inc0.20%
Parker Hannifin Corp0.18%
Johnson Controls Internation0.18%
S+p Global Inc0.17%
Cme Group Inc0.17%
General Dynamics Corp0.14%
Stryker Corp0.13%
Te Connectivity PLC0.12%
Boston Scientific Corp0.12%
Carnival Corp Ltd0.10%
Flex Ltd0.10%
Apollo Global Management Inc0.08%
Veeva Systems Inc Class A0.08%
Edwards Lifesciences Corp0.07%
Verisign Inc0.07%
Illumina Inc0.07%
Ventas Inc0.06%
Resmed Inc0.06%
Incyte Corp0.06%
Cboe Global Markets Inc0.05%
Cincinnati Financial Corp0.05%
Mettler Toledo International0.05%
Verisk Analytics Inc0.04%
Steris PLC0.03%
Wr Berkley Corp0.03%
Allegion PLC0.02%
Fox Corp Class A0.02%
Fox Corp Class B0.01%
Norwegian Cruise Line Holdin0.01%

Weight gaps

The 100 widest of 106 Holdings in both funds.

Holding weights in GGUS and SPYG, widest gap first
Holding	More in GGUSMore in SPYG	GGUS	SPYG
Microsoft CorporationMSFT	SPYG +6.81 points	4.18%	10.99%
Amazon.com IncAMZN	SPYG +2.83 points	0.71%	3.54%
Apple Inc.AAPL	SPYG +2.65 points	4.46%	7.11%
Tesla Inc.TSLA	GGUS +2.06 points	4.03%	1.97%
Visa Inc.V	GGUS +1.42 points	2.49%	1.07%
NVIDIA CorporationNVDA	SPYG +1.35 points	13.09%	14.44%
Mastercard IncorporatedMA	GGUS +0.88 points	1.84%	0.96%
Eli Lilly & CoLLY	GGUS +0.84 points	3.91%	3.07%
Micron Technology, Inc.MU	GGUS +0.82 points	3.77%	2.95%
Advanced Micro Devices Inc.AMD	GGUS +0.72 points	3.30%	2.58%
General Electric CompanyGE	GGUS +0.69 points	1.16%	0.47%
Palo Alto Networks Inc.PANW	GGUS +0.61 points	1.10%	0.48%
AbbVie Inc.ABBV	SPYG +0.51 points	0.15%	0.66%
Oracle CorporationORCL	GGUS +0.51 points	0.86%	0.35%
Marvell Technology, Inc.MRVL	GGUS +0.43 points	0.68%	0.25%
Broadcom Inc.AVGO	SPYG +0.40 points	4.18%	4.58%
Uber Technologies, Inc.UBER	SPYG +0.32 points	0.05%	0.37%
Palantir Technologies Inc.PLTR	GGUS +0.30 points	1.56%	1.26%
Coca-Cola Company (The)KO	SPYG +0.27 points	0.15%	0.42%
Applied Materials IncAMAT	GGUS +0.27 points	1.20%	0.93%
Lam Research CorporationLRCX	GGUS +0.25 points	1.14%	0.89%
Caterpillar Inc (Delaware)CAT	GGUS +0.22 points	1.05%	0.83%
Meta Platforms Inc-Class AMETA	SPYG +0.22 points	3.63%	3.85%
Servicenow IncNOW	GGUS +0.21 points	0.40%	0.19%
Trane Technologies Public Limited CompanyTT	GGUS +0.20 points	0.34%	0.14%
Netflix, Inc.NFLX	GGUS +0.20 points	0.92%	0.72%
Crowdstrike Holdings, Inc.CRWD	GGUS +0.20 points	0.94%	0.74%
Ge Vernova LlcGEV	GGUS +0.19 points	0.85%	0.66%
Alphabet Inc.GOOGL	SPYG +0.18 points	4.47%	4.65%
Kla CorpKLAC	GGUS +0.17 points	0.78%	0.61%
Cadence Design Systems IncCDNS	GGUS +0.17 points	0.34%	0.17%
Corning IncorporatedGLW	GGUS +0.16 points	0.36%	0.20%
Simon Property Group IncSPG	GGUS +0.17 points	0.25%	0.08%
Amgen Inc.AMGN	GGUS +0.16 points	0.63%	0.47%
The Bank of Ny Mellon CorpBNY	SPYG +0.16 points	0.02%	0.18%
Amphenol Corp Cl-A (New)APH	GGUS +0.15 points	0.72%	0.57%
Airbnb Inc.ABNB	GGUS +0.15 points	0.24%	0.09%
Fortinet, Inc.FTNT	GGUS +0.15 points	0.30%	0.15%
Sandisk CorporationSNDK	GGUS +0.15 points	0.69%	0.54%
Arista Networks, Inc.ANET	GGUS +0.15 points	0.69%	0.54%
American Express Co.AXP	SPYG +0.14 points	0.18%	0.32%
Constellation Energy CorpCEG	SPYG +0.14 points	0.02%	0.16%
Boeing CompanyBA	GGUS +0.13 points	0.30%	0.17%
Ross Stores IncROST	GGUS +0.13 points	0.23%	0.10%
Intuitive Surgical, Inc.ISRG	GGUS +0.13 points	0.57%	0.44%
Alphabet Inc.GOOG	SPYG +0.12 points	3.63%	3.75%
Booking Holdings Inc.BKNG	GGUS +0.10 points	0.42%	0.32%
Autodesk, Inc.ADSK	GGUS +0.10 points	0.18%	0.08%
Carvana Co.CVNA	GGUS +0.10 points	0.17%	0.07%
Coherent CorpCOHR	SPYG +0.10 points	0.03%	0.13%
Teradyne IncTER	GGUS +0.09 points	0.17%	0.07%
Twilio Inc.TWLO	SPYG +0.08 points	0.02%	0.10%
Monster Beverage CorporationMNST	SPYG +0.08 points	0.11%	0.19%
Take Two Interactive SoftwareTTWO	GGUS +0.08 points	0.13%	0.05%
Vertiv Holdings LlcVRT	GGUS +0.08 points	0.34%	0.26%
Rockwell Automation IncROK	GGUS +0.07 points	0.15%	0.08%
Quanta Services IncPWR	GGUS +0.07 points	0.34%	0.27%
Autozone, Inc.AZO	SPYG +0.06 points	0.03%	0.09%
Dexcom, Inc.DXCM	GGUS +0.07 points	0.11%	0.04%
Howmet Aerospace Inc.HWM	GGUS +0.06 points	0.29%	0.23%
Transdigm Group IncorporatedTDG	SPYG +0.06 points	0.12%	0.18%
Datadog, Inc.DDOG	GGUS +0.06 points	0.31%	0.25%
Ebay Inc.EBAY	SPYG +0.06 points	0.04%	0.10%
Live Nation Entertainment IncLYV	GGUS +0.06 points	0.10%	0.04%
Hilton Worldwide Holdings Inc.HLT	GGUS +0.06 points	0.28%	0.22%
Msci Inc.MSCI	SPYG +0.06 points	<0.01%	0.07%
Ulta Beauty IncULTA	SPYG +0.06 points	0.02%	0.08%
United Rentals, Inc.URI	SPYG +0.06 points	0.06%	0.12%
Jabil IncJBL	GGUS +0.06 points	0.11%	0.05%
Axon Enterprise, Inc.AXON	GGUS +0.05 points	0.12%	0.07%
Interactive Brokers Group, Inc.IBKR	SPYG +0.05 points	0.05%	0.10%
Doordash IncDASH	GGUS +0.05 points	0.24%	0.19%
First Solar, Inc.FSLR	SPYG +0.05 points	<0.01%	0.05%
Ferguson Enterprises IncFERG	SPYG +0.05 points	<0.01%	0.06%
Kkr & Co. Inc.KKR	SPYG +0.05 points	0.05%	0.10%
Vistra CorpVST	GGUS +0.05 points	0.17%	0.12%
Intuit IncINTU	SPYG +0.04 points	0.10%	0.14%
Monolithic Power Systems, Inc.MPWR	GGUS +0.04 points	0.20%	0.16%
Bloom Energy CorpBE	GGUS +0.04 points	0.22%	0.18%
Workday, Inc.WDAY	SPYG +0.04 points	0.01%	0.05%
Ciena CorporationCIEN	GGUS +0.04 points	0.18%	0.14%
Comfort Systems Usa IncFIX	GGUS +0.03 points	0.16%	0.13%
Reddit, Inc.RDDT	GGUS +0.03 points	0.06%	0.03%
Nrg Energy, Inc.NRG	GGUS +0.03 points	0.07%	0.04%
Lumentum Holdings Inc.LITE	GGUS +0.02 points	0.25%	0.23%
Applovin CorporationAPP	GGUS +0.03 points	0.22%	0.19%
Expedia Group IncEXPE	GGUS +0.02 points	0.11%	0.09%
Emcor Group, Inc.EME	GGUS +0.03 points	0.11%	0.08%
Fair Isaac CorporationFICO	GGUS +0.02 points	0.04%	0.02%
Moody's CorporationMCO	GGUS +0.02 points	0.12%	0.10%
Tapestry, Inc.TPR	GGUS +0.02 points	0.09%	0.07%
Cummins IncCMI	SPYG +0.02 points	0.11%	0.13%
Tjx Companies Inc (New)TJX	GGUS +0.02 points	0.26%	0.24%
Tko Group Holdings IncTKO	SPYG +0.02 points	0.01%	0.03%
Yum Brands, Inc.YUM	SPYG +0.01 points	0.05%	0.06%
Idexx LaboratoriesIDXX	GGUS +0.01 points	0.14%	0.13%
Casey's General Stores,incCASY	GGUS +0.01 points	0.08%	0.07%
Ralph Lauren CorpRL	SPYG +0.01 points	0.03%	0.04%
Las Vegas Sands Corp.LVS	GGUS +0.01 points	0.04%	0.03%
Insulet CorporationPODD	GGUS +0.01 points	0.04%	0.03%

All 369 GGUS holdings⁠All 152 SPYG 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.

GGUS vs SPYG Cost

Overpaying GGUS vs SPYG

$1,671

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

GGUS 0.12%
$2,520
SPYG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

GGUS 0.12%
SPYG 0.04%
Overpaying

Year by year

Year	GGUS	SPYG	Overpaying
10	$220	$73	$147
20	$859	$288	$571
30	$2,520	$849	$1,671

Expense ratio

0.12%GGUS
0.04%SPYG, cheaper

SPYG0.04%GGUS0.12%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

SPYG 2nd cheapest of 35 funds

GGUS 15th cheapest of 35 funds

GGUS vs SPYG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GGUS 0.42%; SPYG 0.50%, better
Payout (12M): GGUS $0.27; SPYG $0.59
Last payment: GGUS $0.06; SPYG $0.15
Ex-dividend: GGUS Sep 24, 2026; SPYG Sep 21, 2026
Paid on: GGUS Sep 30, 2026; SPYG Sep 23, 2026
Frequency: GGUS Quarterly; SPYG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

GGUSQuarterly · 12 paymentsAll GGUS payments⁠

SPYGQuarterly · 39 paymentsAll SPYG payments⁠

GGUS vs SPYG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GGUS 15.5%since Dec 2023SPYG 16.5%
Return per unit of riskSharpe ratio, 3 years: GGUS 0.86since Dec 2023SPYG 1.28
Worst fallMax drawdown, 5 years: GGUS −22.6%since Nov 2023SPYG −32.7%
Market sensitivityBeta, 5 years: GGUS 1.14SPYG 1.17; Market = 1

GGUS and SPYG in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026SPYG
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026SPYG

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GGUS vs SPYG

In short

Stated mandate

Why people hold it

Worth knowing

How GGUS and SPYG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GGUS

Only in SPYG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best growth ETF is the cheap one on the index you want

The cheap large-cap growth pick is the S&P 500 list

How GGUS and SPYG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GGUS

Only in SPYG

Weight gaps