GROZ vs GUSE: Grades, Fees and Holdings Compared

Zacks Focus Growth ETF

GROZBCboe

Goldman Sachs Enhanced U.S. Equity ETF

GUSEANasdaq

Overlap

46.5%by weight

Expense ratio

GUSE −0.25pt a year

GROZ0.55%GUSE0.30%

Avg volume · 30D

GUSE 1.6×the volume

GROZ19.9KGUSE32.3K

GROZ vs GUSE Performance

Dec 31, 2025 – Nov 9, 2026

+6.4%GROZ+11.4%GUSE

Expense ratio: GROZ 0.55%; GUSE 0.30%, better
Fund size: GROZ $115M; GUSE $417M
1Y total return: GROZ +6.7%; GUSE No data
Holdings: GROZ 47; GUSE 122
Avg volume (30D): GROZ 19.9K sh; GUSE 32.3K sh, better
NAV per share: GROZ $30.64; GUSE $43.96
52W range

ETF.net Grade

Pillar letters and Scores for GROZ, GUSE, with each pillar’s weight
Pillar	GROZ	GUSE
Cost30% weight	C47	A97Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A72	A95Higher
Tradability15% weight	A73Higher	C46
Holdings10% weight	B55	A85Higher
Durability5% weight	C44	A85Higher

Rank among US Active Growth funds

How we build Categories ›

Same Category. GROZ and GUSE are both graded against the same 90 US Active Growth funds, so their Grades compare head to head.

US Active Growth⁠

Category · 90 funds

See all 90 ›

GUSE ranks 2nd and GROZ 29th of 90 funds in the US Active Growth Category.

Rank 1AJUSAJPMorgan U.S. Research Enhanced Large Cap ETFScore 86
Rank 2AGUSEGoldman Sachs Enhanced U.S. Equity ETFScore 84
Rank 3ALRGCAB US Large Cap Strategic Equities ETFScore 83
Rank 29BFMAGFidelity Magellan ETFScore 57
Rank 29BGROZZacks Focus Growth ETFScore 57
Rank 29BIWFGNYLI Winslow Focused Large Cap Growth ETFScore 57

Our read on each fund

ETF.net Research

GROZBZacks Focus Growth ETF

GUSEAGoldman Sachs Enhanced U.S. Equity ETF

In short

GROZ No data

GUSE Goldman's fundamental stock pickers hunting long-term growth in US companies, for 0.30% a year. The strategy dates to 2008 and charges well under the typical active US growth fund.

Stated mandate

GROZ No data

GUSE The Fund seeks long-term growth of capital by investing in companies that the Investment Adviser believes are positioned for long-term growth.

Why people hold it

GROZ No data

GUSE Charges 0.30% a year, against a 0.54% median for its active US growth cohort. Cheap, for stock picking.
Actively run with no index to shadow. Managers hold companies they judge positioned for long-term growth, so the portfolio can look different from a large-cap benchmark.
Inception dates to 2008, so the strategy has run through multiple market cycles, not one long rally.
One of the stronger implementations in a crowded field of active US growth funds.

Worth knowing

GROZ No data

GUSE Trades thinly next to the category's heavyweights. Spreads can be wider, which bites most on large or hurried orders.
Two peers in the same top tier undercut it on fee: JUSA at 0.12% and FELG at 0.18%. Price is not where this one stands out.
Distributions land once or twice a year, not monthly. Growth of capital is the stated goal, not an income stream.

Full GROZ profile⁠

Full GUSE profile⁠

GROZ vs GUSE Holdings

How GROZ and GUSE differ

Overlap by weight

46.5%

Shared holdings make up 83.8% of GROZ and 49.0% of GUSE.

Level by level

Holdings28 in both46.5%
Sector11 Sectors76.2%
Countryby domicile98.9%
Asset classStocks100%

Sector

Sector weights in GROZ and GUSE, widest gap first
Sector	Gap	GROZ	GUSE
Technology	GROZ +18.6 points	51.2%	32.6%
Financials	GUSE +9.5 points	4.3%	13.8%
Communication	GROZ +4.6 points	13.1%	8.5%
Industrials	GUSE +3.1 points	5.2%	8.3%
Energy	GUSE +3.0 points	1.0%	4.0%
Materials	GUSE +2.5 points	0.0%	2.5%
Utilities	GUSE +2.4 points	0.0%	2.4%
Real Estate	GUSE +1.7 points	0.0%	1.7%
Consumer Discretionary	GUSE +1.3 points	9.6%	10.9%
Health Care	GROZ +0.6 points	10.2%	9.6%
Consumer Staples	GUSE +0.4 points	5.3%	5.7%

Country, concentration and asset class

Country by domicile

Country weights in GROZ and GUSE, widest gap first
Country	Gap	GROZ	GUSE
United States	GROZ +1.1 points	100.0%	98.9%
Taiwan	GUSE +0.6 points	0.0%	0.6%
United Kingdom	GUSE +0.5 points	0.0%	0.5%

Concentration

Weight in the 10 largest Holdings

GROZ58.5%
GUSE35.1%

Securities held

GROZ46
GUSE121

Asset class

GROZ: Stocks
GUSE: Stocks

Holdings

Only in GROZ18
In both28
Only in GUSE93

Only in GROZ

18 securities, 16.4% of GROZ by weight

AbbVie Inc1.78%
Lam Research1.76%
Cardinal Health1.72%
Emcor Group Inc1.52%
Roku Inc1.38%
Intuitive Surgic1.01%
Howmet Aerospace0.95%
Ross Stores Inc0.82%
Netflix Inc0.80%
Texas Instrument0.71%
Monster Beverage0.58%
Oracle Corp0.54%
Twilio Inc - A0.53%
Fortinet Inc0.49%
Bloom Energy C-A0.48%
Atlassian Corp-A0.47%
Bbh Sweep Vehicle0.43%
Ati Inc0.42%

Only in GUSE

93 securities, 49.0% of GUSE by weight

Alphabet Inc.1.87%
Berkshire Hathaway Inc.1.77%
JPMorgan Chase & Co1.69%
Conocophillips1.34%
Linde PLC1.26%
Exxonmobil Holdings Corporation1.14%
Agilent Technologies, Inc.1.03%
Johnson & Johnson0.98%
UnitedHealth Group Incorporated0.90%
Merck & Co., Inc.0.85%
Vertex Pharmaceuticals Incorporated0.84%
Intercontinental Exchange Inc0.83%
The Procter & Gamble Company0.82%
Bank of America Corp0.81%
Cintas Corporation0.80%
Ameren Corporation0.78%
T-Mobile Us, Inc.0.69%
Netapp, Inc.0.69%
Starbucks Corp.0.68%
Atmos Energy Corporation0.64%
Caterpillar Inc (Delaware)0.62%
Palo Alto Networks Inc.0.62%
Csx Corporation0.61%
Allstate Corporation0.59%
Motorola Solutions Inc0.59%
Intl Business Machines Corp0.58%
S&P Global Inc.0.56%
Cadence Design Systems Inc0.56%
Global Payments Inc.0.55%
American Intl Group, Inc.0.55%
Hilton Worldwide Holdings Inc.0.54%
Taiwan Semiconductor Mfg Ads-Adr0.54%
Old Dominion Freight Line, Inc.0.54%
Rtx Corp0.53%
Coca-Cola European Partners PLC0.53%
Edwards Lifesciences Corporation0.52%
Kla Corp0.51%
Morgan Stanley0.50%
Intuit Inc0.50%
Xcel Energy Inc.0.50%
Prologis Inc0.49%
Repligen Corp0.49%
Wintrust Financial Corporation0.49%
American Homes 4 Rent Llc0.49%
Ge Vernova Llc0.48%
Quest Diagnostics Incorporated0.47%
Intel Corporation0.47%
Citigroup Inc.0.44%
Blackstone Group Inc/The0.44%
Msci Inc.0.44%

Weight gaps

All 28 Holdings in both funds, largest gap first.

Holding weights in GROZ and GUSE, widest gap first
Holding	Gap	GROZ	GUSE
Apple IncAAPL	GROZ +5.32 points	10.59%	5.27%
Alphabet Inc-AGOOGL	GROZ +3.57 points	6.47%	2.90%
Microsoft CorpMSFT	GROZ +3.25 points	8.47%	5.22%
Broadcom IncAVGO	GROZ +2.49 points	4.62%	2.13%
Eli Lilly & CoLLY	GROZ +2.36 points	4.43%	2.07%
Meta Platforms-AMETA	GROZ +2.25 points	4.44%	2.19%
Micron TechMU	GROZ +2.20 points	3.53%	1.33%
Costco WholesaleCOST	GROZ +2.19 points	2.86%	0.67%
Tesla IncTSLA	GROZ +1.99 points	3.63%	1.64%
NVIDIA CorpNVDA	GROZ +1.91 points	8.81%	6.90%
Dell Techn-CDELL	GROZ +1.77 points	2.07%	0.30%
Amphenol Corp-AAPH	GROZ +1.28 points	1.76%	0.48%
Visa Inc-Class AV	GROZ +1.21 points	2.44%	1.23%
Palantir Techn-APLTR	GROZ +1.12 points	1.87%	0.75%
Amazon.com IncAMZN	GUSE +1.05 points	3.48%	4.53%
Ge Aerospace CompanyGE	GROZ +1.04 points	1.83%	0.79%
Coca-Cola Co/TheKO	GUSE +0.79 points	1.16%	1.95%
Adv Micro DeviceAMD	GROZ +0.74 points	1.98%	1.24%
Marvell TechnoloMRVL	GROZ +0.70 points	0.96%	0.26%
Cencora IncCOR	GROZ +0.57 points	1.23%	0.66%
Walmart IncWMT	GUSE +0.46 points	0.70%	1.16%
Mastercard Inc-AMA	GROZ +0.30 points	1.84%	1.54%
Tjx Cos IncTJX	GUSE +0.27 points	0.76%	1.03%
Western DigitalWDC	GROZ +0.26 points	0.64%	0.38%
Home Depot IncHD	GROZ +0.24 points	0.86%	0.62%
Applied MaterialAMAT	GROZ +0.23 points	0.84%	0.61%
Phillips 66PSX	GROZ +0.22 points	0.96%	0.74%
Arista NetworksANET	GROZ +0.11 points	0.57%	0.46%

All 45 GROZ holdings⁠All 121 GUSE 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.

GROZ vs GUSE Cost

Overpaying GROZ vs GUSE

$4,755

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

GROZ 0.55%
$10,904
GUSE 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

GROZ 0.55%
GUSE 0.30%
Overpaying

Year by year

Year	GROZ	GUSE	Overpaying
10	$988	$545	$443
20	$3,790	$2,113	$1,677
30	$10,904	$6,149	$4,755

Expense ratio

0.55%GROZ
0.30%GUSE, cheaper

GUSE0.30%GROZ0.55%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

GUSE 3rd cheapest of 90 funds

GROZ 43rd cheapest of 90 funds

GROZ vs GUSE Dividends

Last 12 months to Nov 9, 2026

Last payment: GROZ $0.01; GUSE $0.30
Ex-dividend: GROZ Dec 29, 2025; GUSE Dec 23, 2025
Paid on: GROZ Jan 2, 2026; GUSE Dec 30, 2025
Frequency: GROZ Irregular; GUSE Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

GROZIrregular · 1 paymentAll GROZ payments⁠

GUSEIrregular · 1 paymentAll GUSE payments⁠

GROZ vs GUSE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GROZ 16.7%since Jan 2025GUSE No data
Return per unit of riskSharpe ratio, 3 years: GROZ 0.70since Jan 2025GUSE No data
Worst fallMax drawdown, 5 years: GROZ −23.3%since Dec 2024GUSE No data
Market sensitivityBeta, 5 years: GROZ 1.24GUSE 0.94; Market = 1

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