GSLC vs IMCV: Grades, Fees and Holdings Compared

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

GSLCANYSE Arca

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

Overlap

23.2%by weight

Expense ratio

IMCV −0.03pt a year

GSLC0.09%IMCV0.06%

Avg volume · 30D

GSLC 6.9×the volume

GSLC268KIMCV38.9K

10Y return · a year

GSLC +3.5pt

GSLC+14.6%IMCV+11.1%

GSLC vs IMCV Performance

Oct 29, 2021 – Oct 30, 2026

+67.6%GSLC+68.3%IMCV

Expense ratio: GSLC 0.09%; IMCV 0.06%, better
Fund size: GSLC $15.2B; IMCV $1.27B
1Y total return: GSLC +10.5%; IMCV +27.0%, better
Yield (12M): GSLC 1.03%; IMCV 1.84%, better
Holdings: GSLC 428; IMCV 271
Avg volume (30D): GSLC 268K sh, better; IMCV 38.9K sh
NAV per share: GSLC $146.90; IMCV $99.16
52W range

ETF.net Grade

Pillar letters and Scores for GSLC, IMCV, with each pillar’s weight
Pillar	GSLC	IMCV
Cost30% weight	A93	A96Higher
Mission25% weight	A92Higher	A76
Risk15% weight	C52	A77Higher
Tradability15% weight	A75Higher	B69
Holdings10% weight	D38	B69Higher
Durability5% weight	A78Higher	A77

Rank among US Multifactor funds

How we build Categories ›

Same Category. GSLC and IMCV are both graded against the same 99 US Multifactor funds, so their Grades compare head to head.

US Multifactor⁠

Category · 99 funds

See all 99 ›

IMCV ranks 4th and GSLC 11th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 2AVYMVanguard High Dividend Yield ETFScore 81
Rank 4AIMCViShares Morningstar Mid-Cap Value ETFScore 80
Rank 5ADCORU.S. Core Equity 1 Portfolio ETF Class SharesScore 79
Rank 9AGVUSGoldman Sachs MarketBeta Russell 1000 Value Equity ETFScore 78
Rank 11AGSLCGoldman Sachs ActiveBeta U.S. Large Cap Equity ETFScore 77
Rank 12ARECSColumbia Research Enhanced Core ETFScore 76

Our read on each fund

ETF.net Research

GSLCAGoldman Sachs ActiveBeta U.S. Large Cap Equity ETF

IMCVAiShares Morningstar Mid-Cap Value ETF

In short

GSLC Goldman's first ETF, out in 2015, packs value, momentum, quality and low volatility into one large-cap portfolio and charges 0.09% for it. Multifactor machinery at index-fund pricing, with tilts kept deliberately modest.

IMCV No data

Stated mandate

GSLC The Fund seeks to track the Goldman Sachs ActiveBeta® U.S. Large Cap Equity Index, which provides exposure to large-capitalization U.S. issuers.

IMCV No data

Why people hold it

GSLC 0.09% a year, against a roughly 0.32% median for US multifactor funds. Factor exposure priced like plain beta.
Four factors (value, momentum, quality, low volatility) each get their own sleeve, combined in equal weights and rebalanced quarterly. No guessing which style leads.sec.gov
The index rules include a turnover minimization step that skips trades not worth making, which holds down the churn factor strategies are known for.solactive.com
A multi-billion-dollar fund running since 2015 that tracks its index tightly, and one of the strongest implementations in the US multifactor group.

IMCV No data

Worth knowing

GSLC About 400 large-cap US names drawn from a broad reference index, so the tilts are a nudge on top of the market rather than a break from it.sec.gov
Cheaper cohort options exist (VYM at 0.04%, VONV at 0.06%), the trade-off being a single style instead of four blended together.
A proprietary Goldman index, not a household benchmark, so results can part ways with the standard large-cap yardstick in either direction. Pays quarterly.

IMCV No data

Full GSLC profile⁠

Full IMCV profile⁠

GSLC vs IMCV Holdings

How GSLC and IMCV differ

Overlap by weight

23.2%

Shared holdings make up 81.6% of IMCV and 24.3% of GSLC.

Level by level

Holdings194 in both23.2%
Sector11 Sectors54.9%
Countryby domicile99.1%
Asset classEquity100%

Sector

Sector weights in GSLC and IMCV, widest gap first
Sector	More in GSLCMore in IMCV	GSLC	IMCV
Technology	GSLC +33.8 points	40.3%	6.5%
Energy	IMCV +10.2 points	3.2%	13.4%
Communication	GSLC +8.9 points	10.0%	1.1%
Financials	IMCV +8.0 points	10.5%	18.5%
Utilities	IMCV +7.3 points	1.7%	9.0%
Industrials	IMCV +6.9 points	7.3%	14.2%
Consumer Staples	IMCV +3.5 points	5.2%	8.7%
Materials	IMCV +3.5 points	1.5%	5.0%
Real Estate	IMCV +3.5 points	1.1%	4.6%
Consumer Discretionary	GSLC +2.3 points	9.2%	6.9%
Health Care	IMCV +2.3 points	9.9%	12.2%

Country, concentration and asset class

Country by domicile

Country weights in GSLC and IMCV, widest gap first
Country	More in GSLCMore in IMCV	GSLC	IMCV
United States	GSLC +0.9 points	99.6%	98.7%
Other countries (4)	IMCV +0.9 points	0.4%	1.3%

Concentration

Weight in the 10 largest Holdings

GSLC34.9%
IMCV13.2%

Securities held

GSLC426
IMCV268

Asset class

GSLC: Equity
IMCV: Equity

Holdings

Only in GSLC232
In both194
Only in IMCV74

Only in GSLC

232 securities, 74.9% of GSLC by weight

NVIDIA Corporation7.73%
Apple Inc.7.63%
Microsoft Corporation5.54%
Amazon.com Inc3.29%
Alphabet Inc.2.38%
Broadcom Inc.2.15%
Meta Platforms Inc-Class A2.02%
Alphabet Inc.1.49%
Eli Lilly & Co1.44%
JPMorgan Chase & Co1.21%
Micron Technology, Inc.1.20%
Tesla Inc.1.13%
Berkshire Hathaway Inc.0.95%
Johnson & Johnson0.88%
Visa Inc.0.84%
Walmart Inc0.83%
Advanced Micro Devices Inc.0.82%
Exxonmobil Holdings Corporation0.74%
Mastercard Incorporated0.73%
Atlassian Corp0.58%
Lam Research Corporation0.57%
Costco Wholesale Corporation0.54%
Cisco Systems, Inc.0.52%
Natera, Inc.0.50%
Applied Materials Inc0.50%
AbbVie Inc.0.49%
Verisign, Inc.0.43%
W.w. Grainger Inc0.41%
Merck & Co., Inc.0.40%
Palantir Technologies Inc.0.39%
Everpure Inc0.39%
Tjx Companies Inc (New)0.38%
Qualcomm Inc0.37%
The Home Depot, Inc.0.36%
Kla Corp0.36%
Coca-Cola Company (The)0.36%
Western Digital Corporation0.36%
Intel Corporation0.35%
Bank of America Corp0.35%
Fastenal Company0.34%
Seagate Technology Holdin PLC0.33%
Citigroup Inc.0.33%
UnitedHealth Group Incorporated0.33%
The Procter & Gamble Company0.33%
Chevron Corporation0.32%
Adobe Inc0.30%
Idexx Laboratories0.30%
Morgan Stanley0.29%
Cintas Corporation0.29%
Fortinet, Inc.0.27%

Only in IMCV

74 securities, 18.2% of IMCV by weight

Elevance Health Inc1.20%
Slb1.09%
Becton Dickinson0.74%
Keurig Dr Pepper Inc0.66%
Strategy Inc Class A0.65%
Crh Public Limited PLC0.53%
Air Products and Chemicals0.52%
Crown Castle Inc0.52%
Paychex0.49%
Public Storage Reit0.47%
Kenvue0.46%
Arthur J Gallagher0.38%
Fiserv Inc0.36%
Digital Realty Trust Reit0.33%
International Flavors & Fragrances0.33%
United Rentals0.32%
Carnival Corp Ltd0.31%
Smurfit Westrock PLC0.31%
Amcor PLC0.30%
Extra Space Storage Reit0.28%
Nxp Semiconductors NV0.27%
Permian Resources Class A0.27%
Ovintiv0.27%
Brown & Brown Inc0.27%
Lennar A Class A0.25%
East West Bancorp0.25%
Leidos Holdings0.24%
Lyondellbasell Industries Class A0.24%
American Water Works0.23%
Ss and C Technologies Holdings0.23%
Apollo Global Management0.23%
Genuine Parts0.23%
Kimco Realty Reit Corp0.23%
Tractor Supply0.23%
Willis Towers Watson0.23%
Performance Food Group0.21%
W. P. Carey Reit0.19%
Mid America Apartment Communities0.19%
Annaly Capital Management Reit0.18%
Corpay0.18%
Roivant Sciences Ltd0.15%
Sba Communications Reit Corp Class0.15%
Lululemon Athletica0.15%
News Class A0.15%
Copart Inc0.14%
Wesco International0.14%
Fidelity National Financial Inc0.14%
Alcoa Corp0.14%
Jacobs Solutions Inc0.14%
Iron Mountain Inc0.14%

Weight gaps

The 100 widest of 194 Holdings in both funds.

Holding weights in GSLC and IMCV, widest gap first
Holding	More in GSLCMore in IMCV	GSLC	IMCV
Automatic Data Processing IncADP	IMCV +1.58 points	0.02%	1.60%
Phillips 66PSX	IMCV +1.43 points	0.11%	1.54%
Valero Energy CorporationVLO	IMCV +1.23 points	0.34%	1.57%
3M CompanyMMM	IMCV +1.20 points	0.03%	1.23%
Pnc Financial Services Group, Inc., ThePNC	IMCV +1.13 points	0.11%	1.24%
Regeneron Pharmaceutical IncREGN	IMCV +1.12 points	0.13%	1.25%
Eog Resources IncEOG	IMCV +1.12 points	0.07%	1.19%
U.s. BancorpUSB	IMCV +1.11 points	0.16%	1.27%
Mondelez International, Inc.MDLZ	IMCV +1.11 points	0.03%	1.14%
United Parcel Service, Inc.UPS	IMCV +1.06 points	0.05%	1.11%
General Motors CompanyGM	IMCV +1.01 points	0.04%	1.05%
The Travelers Companies, IncTRV	IMCV +0.94 points	0.19%	1.13%
Moderna, Inc.MRNA	IMCV +0.93 points	0.15%	1.08%
Cheniere Energy, Inc.LNG	IMCV +0.89 points	0.04%	0.93%
Cigna Group/TheCI	IMCV +0.87 points	0.17%	1.04%
Oneok, Inc.OKE	IMCV +0.77 points	0.06%	0.83%
Target CorporationTGT	IMCV +0.78 points	0.18%	0.96%
Marsh OrdMRSH	IMCV +0.78 points	0.04%	0.82%
Dominion Energy IncD	IMCV +0.74 points	0.03%	0.77%
Kinder Morgan IncKMI	IMCV +0.72 points	0.19%	0.91%
Truist Financial CorporationTFC	IMCV +0.73 points	0.09%	0.82%
Sempra EnergySRE	IMCV +0.72 points	0.05%	0.77%
Hewlett Packard Enterprise CoHPE	IMCV +0.67 points	0.33%	1.00%
Xcel Energy Inc.XEL	IMCV +0.64 points	0.04%	0.68%
Aflac IncorporatedAFL	IMCV +0.63 points	0.13%	0.76%
Metlife, Inc.MET	IMCV +0.63 points	0.10%	0.73%
Devon Energy Corporation (New)DVN	IMCV +0.62 points	0.16%	0.78%
Paccar IncPCAR	IMCV +0.62 points	0.07%	0.69%
Exelon CorporationEXC	IMCV +0.60 points	0.05%	0.65%
Marathon Petroleum CorporationMPC	IMCV +0.58 points	0.30%	0.88%
Northrop Grumman CorpNOC	IMCV +0.57 points	0.07%	0.64%
Nike Class-BNKE	IMCV +0.55 points	0.07%	0.62%
The Williams Companies, Inc.WMB	IMCV +0.56 points	0.16%	0.72%
Consolidated Edison IncED	IMCV +0.53 points	0.06%	0.59%
PayPal Holdings, Inc.PYPL	IMCV +0.52 points	0.15%	0.67%
Delta Air Lines, Inc.DAL	IMCV +0.52 points	0.20%	0.72%
Occidental Petroleum CorpOXY	IMCV +0.51 points	0.13%	0.64%
Diamondback Energy IncFANG	IMCV +0.50 points	0.03%	0.53%
American Electric Power IncAEP	IMCV +0.49 points	0.07%	0.56%
American Intl Group, Inc.AIG	IMCV +0.48 points	0.08%	0.56%
Norfolk Southern CorporationNSC	IMCV +0.48 points	0.11%	0.59%
Kimberly-Clark CorporationKMB	IMCV +0.47 points	0.02%	0.49%
Ford Motor CompanyF	IMCV +0.45 points	0.21%	0.66%
Emerson Electric Co.EMR	IMCV +0.44 points	0.05%	0.49%
Workday, Inc.WDAY	IMCV +0.43 points	0.10%	0.53%
Iqvia Holdings IncIQV	IMCV +0.43 points	0.17%	0.60%
Ge Healthcare Technologies Inc.GEHC	IMCV +0.42 points	0.06%	0.48%
Prudential Financial IncPRU	IMCV +0.39 points	0.16%	0.55%
Simon Property Group IncSPG	IMCV +0.39 points	0.08%	0.47%
Targa Resources Corp.TRGP	IMCV +0.38 points	0.10%	0.48%
Arch Capital Group Ltd.ACGL	IMCV +0.37 points	0.11%	0.48%
Huntington Bancshares IncorporatedHBAN	IMCV +0.37 points	0.05%	0.42%
P G & E CorporationPCG	IMCV +0.38 points	0.02%	0.40%
Realty Income CorporationO	IMCV +0.37 points	0.11%	0.48%
Ebay Inc.EBAY	IMCV +0.37 points	0.09%	0.46%
Illinois Tool WorksITW	IMCV +0.36 points	0.16%	0.52%
Colgate-Palmolive CoCL	IMCV +0.35 points	0.34%	0.69%
Csx CorporationCSX	IMCV +0.34 points	0.09%	0.43%
Fifth Third BancorpFITB	IMCV +0.34 points	0.06%	0.40%
D.r. Horton, Inc.DHI	IMCV +0.33 points	0.17%	0.50%
M&T Bank CorporationMTB	IMCV +0.32 points	0.12%	0.44%
Dell Technologies Inc.DELL	IMCV +0.32 points	0.16%	0.48%
Sysco CorporationSYY	IMCV +0.32 points	0.22%	0.54%
Hartford Insurance Group Inc/TheHIG	IMCV +0.33 points	0.17%	0.50%
Dte Energy CompanyDTE	IMCV +0.31 points	0.07%	0.38%
Eversource EnergyES	IMCV +0.30 points	0.05%	0.35%
Sherwin-Williams CoSHW	IMCV +0.30 points	0.07%	0.37%
Public-Svc Enterprise GroupPEG	IMCV +0.29 points	0.04%	0.33%
Cbre Group, Inc.CBRE	IMCV +0.29 points	0.02%	0.31%
United Airlines Holdings IncUAL	IMCV +0.28 points	0.18%	0.46%
Humana Inc.HUM	IMCV +0.29 points	0.12%	0.41%
Halliburton CompanyHAL	IMCV +0.29 points	0.13%	0.42%
Dow IncDOW	IMCV +0.28 points	0.06%	0.34%
Allstate CorporationALL	IMCV +0.27 points	0.18%	0.45%
Agilent Technologies, Inc.A	IMCV +0.28 points	0.07%	0.35%
Ppg Industries, Inc.PPG	IMCV +0.27 points	0.09%	0.36%
Firstenergy Corp.FE	IMCV +0.27 points	0.08%	0.35%
Nucor CorporationNUE	IMCV +0.27 points	0.05%	0.32%
Global Payments Inc.GPN	IMCV +0.26 points	0.03%	0.29%
Entergy CorporationETR	IMCV +0.26 points	0.08%	0.34%
Vici Properties Inc.VICI	IMCV +0.25 points	0.12%	0.37%
Archer-Daniels-Midland CompanyADM	IMCV +0.25 points	0.23%	0.48%
Edison InternationalEIX	IMCV +0.24 points	0.06%	0.30%
Cardinal Health, Inc.CAH	IMCV +0.24 points	0.12%	0.36%
Sunbelt Rentals Holdings, Inc.SUNB	IMCV +0.24 points	0.03%	0.27%
Constellation Brands IncSTZ	IMCV +0.22 points	0.05%	0.27%
Regions Financial CorporationRF	IMCV +0.22 points	0.10%	0.32%
Dollar General CorporationDG	IMCV +0.23 points	0.17%	0.40%
Biogen Inc.BIIB	IMCV +0.22 points	0.29%	0.51%
Wec Energy Group, Inc.WEC	IMCV +0.21 points	0.07%	0.28%
Kroger CompanyKR	IMCV +0.21 points	0.31%	0.52%
Zoom Communications IncZM	IMCV +0.21 points	0.10%	0.31%
W.r. Berkley CorporationWRB	IMCV +0.21 points	0.07%	0.28%
Fidelity Natl Info Svcs IncFIS	IMCV +0.20 points	0.07%	0.27%
Revolution Medicines IncRVMD	IMCV +0.21 points	0.09%	0.30%
Cf Industries Holdings, Inc.CF	IMCV +0.20 points	0.06%	0.26%
Carrier Global CorporationCARR	IMCV +0.20 points	0.06%	0.26%
Labcorp Holdings IncLH	IMCV +0.20 points	0.21%	0.41%
General Mills IncGIS	IMCV +0.20 points	0.05%	0.25%
Roper Technologies IncROP	IMCV +0.20 points	0.21%	0.41%

All 427 GSLC holdings⁠All 268 IMCV 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.

GSLC vs IMCV Cost

Overpaying GSLC vs IMCV

$628

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

GSLC 0.09%
$1,898
IMCV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

GSLC 0.09%
IMCV 0.06%
Overpaying

Year by year

Year	GSLC	IMCV	Overpaying
10	$165	$110	$55
20	$646	$432	$214
30	$1,898	$1,270	$628

Expense ratio

0.09%GSLC
0.06%IMCV, cheaper

IMCV0.06%GSLC0.09%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

GSLC 7th cheapest of 99 funds

GSLC vs IMCV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GSLC 1.03%; IMCV 1.84%, better
Payout (12M): GSLC $1.48; IMCV $1.83
Last payment: GSLC $0.46; IMCV $0.52
Ex-dividend: GSLC Sep 24, 2026; IMCV Sep 15, 2026
Paid on: GSLC Sep 30, 2026; IMCV Sep 18, 2026
Frequency: GSLC Quarterly; IMCV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

GSLCQuarterly · 39 paymentsAll GSLC payments⁠

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

GSLC vs IMCV Risk

Fall from peak · 5 years

GSLC
IMCV

Risk facts

VolatilityStd dev, 3 years: GSLC 12.3%, betterIMCV 13.6%
Return per unit of riskSharpe ratio, 3 years: GSLC 1.33, betterIMCV 1.22
Worst fallMax drawdown, 5 years: GSLC −24.9%IMCV −19.9%, better
Market sensitivityBeta, 5 years: GSLC 0.96IMCV 0.88; Market = 1

GSLC and IMCV in the news

All news⁠

Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026GSLC
ETF Filings
Tidal Trust III files to add a Wermers quantitative U.S. large-cap ETF
Sep 11, 2026GSLC

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GSLC vs IMCV

In short

Stated mandate

Why people hold it

Worth knowing

How GSLC and IMCV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GSLC

Only in IMCV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

US multifactor funds ran 30 points apart

Tidal Trust III files to add a Wermers quantitative U.S. large-cap ETF

How GSLC and IMCV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GSLC

Only in IMCV

Weight gaps