GSSC vs ILCV: Grades, Fees and Holdings Compared

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

GSSCBNYSE Arca

iShares Morningstar Value ETF

ILCVANYSE Arca

Overlap

0.0%by weight

Expense ratio

ILCV −0.16pt a year

GSSC0.20%ILCV0.04%

Avg volume · 30D

GSSC 1.4×the volume

GSSC34.1KILCV24.4K

5Y return · a year

ILCV +5.8pt

GSSC+6.6%ILCV+12.4%

GSSC vs ILCV Performance

Nov 2, 2021 – Nov 2, 2026

+37.3%GSSC+79.6%ILCV

Expense ratio: GSSC 0.20%; ILCV 0.04%, better
Fund size: GSSC $1.06B; ILCV $1.37B
1Y total return: GSSC +17.8%; ILCV +20.9%, better
Yield (12M): GSSC 0.99%; ILCV 1.51%, better
Holdings: GSSC 1369; ILCV 375
Avg volume (30D): GSSC 34.1K sh, better; ILCV 24.4K sh
NAV per share: GSSC $87.24; ILCV $109.27
52W range

ETF.net Grade

Pillar letters and Scores for GSSC, ILCV, with each pillar’s weight
Pillar	GSSC	ILCV
Cost30% weight	A71	A99Higher
Mission25% weight	A91Higher	A82
Risk15% weight	D26	A90Higher
Tradability15% weight	D39	B64Higher
Holdings10% weight	A89Higher	D39
Durability5% weight	B66	A82Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. GSSC and ILCV 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 ›

ILCV ranks 2nd and GSSC 31st 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 31BANGUSEI Ang Research Enhanced U.S. Large Cap ETFScore 66
Rank 31BGSSCGoldman Sachs ActiveBeta U.S. Small Cap Equity ETFScore 66
Rank 31BJPMEJPMorgan Diversified Return U.S. Mid Cap Equity ETFScore 66

Our read on each fund

ETF.net Research

GSSCBGoldman Sachs ActiveBeta U.S. Small Cap Equity ETF

ILCVAiShares Morningstar Value ETF

In short

GSSC Four factor tilts (value, momentum, quality, low volatility) stacked in equal weights across roughly 1,400 small caps for 0.20% a year. Goldman's alternative to picking one factor and hoping.

ILCV Value done the thorough way: roughly 400 large- and mid-cap US stocks screened on five separate value measures, not just cheap book value. Running since 2004 at four basis points, it's one of the cheapest tickets into the value factor.

Stated mandate

GSSC The Fund seeks to track, before fees and expenses, the Goldman Sachs ActiveBeta U.S. Small Cap Equity Index, which provides exposure to equity securities of small-capitalization U.S. issuers.

ILCV The fund seeks to track an index of U.S. large- and mid-cap stocks selected with value-oriented measures including forward earnings, book value, sales, cash flow, and dividend yield.

Why people hold it

GSSC Costs 0.20% a year, under the typical price tag in the US multifactor crowd.
Roughly 1,400 names, so no single small cap dominates the portfolio.
The four factor sleeves combine in equal weights with offsetting positions netted out, so the sleeves don't trade against each other.gsam.com
The index reconstitutes and rebalances quarterly, so the tilts refresh on a set schedule instead of drifting.gsam.com

ILCV Charges 0.04% a year against a 0.32% median for its factor peer group. Undercuts well-regarded rivals like VONV (0.06%) and FNDX (0.25%).
Value gets defined five ways: forward earnings, book value, sales, cash flow and dividend yield. Wider lens than a single price-to-book screen.ishares.com
Spreads the bet across about 400 large- and mid-cap names and distributes quarterly.
Trading since 2004 and now a multi-billion-dollar fund, it ranks among the strongest implementations in its factor cohort.

Worth knowing

GSSC Thinly traded next to the giant small-cap index funds, so spreads can run wider and limit orders earn their keep.
Netting four factors against one another softens each one; this sits closer to the broad small-cap market than a sharp single-factor bet.gsam.com
Small caps are the jumpier end of a peer group stacked with large-cap names (FNDX, VONV, IUSG).

ILCV One of the quieter tickers in its category. Thin volume means spreads matter more here than on a mega-cap index fund, and limit orders are the usual tool.
Value-only by design. It skips the market's priciest growth leaders, so it moves differently from a total-market fund in both directions.ishares.com
Large and mid caps only. Small-cap value sits outside the mandate.

Full GSSC profile⁠

Full ILCV profile⁠

GSSC vs ILCV Holdings

How GSSC and ILCV differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of GSSC and 0.0% of ILCV.

Level by level

Holdings0 in both0.0%
Sector11 Sectors79.1%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in GSSC and ILCV, widest gap first
Sector	More in GSSCMore in ILCV	GSSC	ILCV
Health Care	GSSC +10.1 points	23.5%	13.4%
Technology	ILCV +9.7 points	14.2%	23.9%
Communication	ILCV +6.2 points	2.6%	8.8%
Industrials	GSSC +4.8 points	11.7%	6.9%
Real Estate	GSSC +3.5 points	5.2%	1.7%
Consumer Staples	ILCV +3.4 points	3.9%	7.3%
Materials	GSSC +1.3 points	3.4%	2.1%
Utilities	ILCV +0.9 points	2.1%	3.0%
Consumer Discretionary	GSSC +0.9 points	9.5%	8.6%
Energy	ILCV +0.7 points	5.9%	6.6%
Financials	GSSC +0.5 points	18.1%	17.7%

Country, concentration and asset class

Country by domicile

Country weights in GSSC and ILCV, widest gap first
Country	More in GSSCMore in ILCV	GSSC	ILCV
United States	ILCV +0.4 points	98.8%	99.2%
Brazil	GSSC +0.4 points	0.5%	0.1%
Switzerland	ILCV +0.2 points	0.2%	0.4%
United Kingdom	GSSC +0.1 points	0.2%	0.1%
Canada	GSSC +0.1 points	0.1%	0.0%
China	ILCV +0.1 points	0.0%	0.1%
Singapore	GSSC +0.1 points	0.1%	0.0%
Australia	GSSC +0.1 points	0.1%	0.0%
Other countries (5)	GSSC +0.1 points	0.2%	0.1%

Concentration

Weight in the 10 largest Holdings

GSSC5.3%
ILCV34.2%

Securities held

GSSC1,369
ILCV372

Asset class

GSSC: Equity
ILCV: Equity

Holdings

Only in GSSC1,369
In both0
Only in ILCV372

Only in GSSC

1,369 securities, 100% of GSSC by weight

Cmrc/Cme EMINIRUS2K 12/20261.86%
Caredx, Inc.0.68%
10X Genomics Inc0.54%
Alkermes PLC0.36%
Glaukos Corporation0.35%
Acadian Asset Management Inc0.32%
Atricure, Inc0.32%
Victoria's Secret & Company0.31%
Zeta Global Holdings Corp.0.30%
Abercrombie & Fitch Co.0.29%
Tg Therapeutics, Inc.0.29%
Travere Therapeutics, Inc.0.29%
Brightspring Health Services, Inc.0.29%
Arcutis Biotherapeutics Inc0.28%
Enova International, Inc.0.28%
Amneal Newco Inc.0.28%
Figs, Inc.0.28%
Ligand Pharmaceuticals Incorporated0.28%
Viasat, Inc0.27%
Appian Corporation0.27%
Box, Inc.0.26%
Umb Financial Corp0.26%
Teladoc Health Inc0.25%
United Natural Foods Inc0.25%
Dave Inc.0.24%
Pacira Biosciences Inc0.24%
Biocryst Pharmaceuticals Inc0.23%
Moog Inc Class A0.23%
Jackson Financial Inc.0.23%
Griffon Corporation0.23%
Tenable Holdings, Inc0.23%
Stonex Group Inc.0.23%
Valley National Bancorp0.22%
Qualys Inc0.22%
Krystal Biotech, Inc.0.22%
Enersys0.22%
Mercury General Corporation0.22%
Herbalife Ltd0.22%
Sezzle Inc.0.22%
Commvault Systems, Inc.0.21%
Twist Bioscience Corporation0.21%
Dxp Enterprises Inc0.21%
Transocean Ltd.0.21%
The Chef's Warehouse Inc0.20%
Indivior Pharmaceuticals, Inc.0.20%
Harmony Biosciences Holdings, Inc.0.20%
Fortrea Holdings Inc.0.20%
Universal Insurance Holdings, Inc.0.20%
Lantheus Holdings, Inc.0.20%
Acadia Pharmaceuticals, Inc.0.20%

Only in ILCV

372 securities, 99.8% of ILCV by weight

Microsoft8.36%
Apple7.18%
Amazon.com Inc3.05%
Berkshire Hathaway Inc Class B2.86%
JPMorgan Chase & Co2.56%
Meta Platforms Class A2.47%
Exxonmobil Holdings Corp2.20%
Alphabet Class A2.02%
Johnson & Johnson1.88%
Alphabet Class C1.63%
AbbVie1.49%
Micron Technology1.29%
Chevron1.26%
Tesla Inc1.23%
Cisco Systems Inc1.18%
Procter & Gamble1.07%
Merck & Co Inc1.05%
Coca-Cola1.05%
UnitedHealth Group1.04%
Visa Class A1.01%
Home Depot0.94%
Walmart0.94%
Philip Morris International0.93%
Bank of America0.93%
Rtx0.77%
Goldman Sachs Group0.74%
Thermo Fisher Scientific0.74%
Costco Wholesale Corp0.72%
Wells Fargo0.72%
Amgen Inc0.72%
International Business Machines Co0.69%
Linde PLC0.68%
Mastercard Class A0.63%
Morgan Stanley0.63%
Gilead Sciences0.61%
Citigroup0.59%
Walt Disney0.55%
Pepsico0.54%
Verizon Communications Inc0.53%
Conocophillips0.53%
Abbott Laboratories0.52%
Mcdonalds Corp0.52%
Salesforce0.52%
Union Pacific0.52%
Qualcomm0.50%
Nextera Energy0.50%
Pfizer0.50%
BlackRock0.46%
Accenture PLC Class A0.45%
Texas Instrument0.43%

Weight gaps

GSSC and ILCV share no securities.

All 1,369 GSSC holdings⁠All 372 ILCV 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.

GSSC vs ILCV Cost

Overpaying GSSC vs ILCV

$3,306

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

GSSC 0.20%
$4,155
ILCV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

GSSC 0.20%
ILCV 0.04%
Overpaying

Year by year

Year	GSSC	ILCV	Overpaying
10	$365	$73	$292
20	$1,421	$288	$1,133
30	$4,155	$849	$3,306

Expense ratio

0.20%GSSC
0.04%ILCV, cheaper

ILCV0.04%GSSC0.20%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

ILCV cheapest of 99 funds

GSSC 30th cheapest of 99 funds

GSSC vs ILCV Dividends

Last 12 months to Nov 2, 2026

Yield (12M): GSSC 0.99%; ILCV 1.51%, better
Payout (12M): GSSC $0.86; ILCV $1.65
Last payment: GSSC $0.20; ILCV $0.42
Ex-dividend: GSSC Sep 24, 2026; ILCV Sep 15, 2026
Paid on: GSSC Sep 30, 2026; ILCV Sep 18, 2026
Frequency: GSSC Quarterly; ILCV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

GSSCQuarterly · 37 paymentsAll GSSC payments⁠

ILCVQuarterly · 39 paymentsAll ILCV payments⁠

GSSC vs ILCV Risk

Fall from peak · 5 years

GSSC
ILCV

Risk facts

VolatilityStd dev, 3 years: GSSC 18.4%ILCV 10.7%, better
Return per unit of riskSharpe ratio, 3 years: GSSC 0.85ILCV 1.57, better
Worst fallMax drawdown, 5 years: GSSC −27.8%ILCV −18.6%, better
Market sensitivityBeta, 5 years: GSSC 1.06ILCV 0.82; Market = 1

Popular comparisons

GSSCBvsVONVA
Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF · Vanguard Russell 1000 Value ETF
Expense ratio
0.20% · 0.06%
Category
ILCVAvsVONVA
iShares Morningstar Value ETF · Vanguard Russell 1000 Value ETF
Expense ratio
0.04% · 0.06%
Category
GSSCBvsVYMA
Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF · Vanguard High Dividend Yield ETF
Expense ratio
0.20% · 0.04%
Category
ILCVAvsVYMA
iShares Morningstar Value ETF · Vanguard High Dividend Yield ETF
Expense ratio
0.04% · 0.04%
Category
GSSCBvsIMCVA
Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF · iShares Morningstar Mid-Cap Value ETF
Expense ratio
0.20% · 0.06%
Category
ILCVAvsIMCVA
iShares Morningstar Value ETF · iShares Morningstar Mid-Cap Value ETF
Expense ratio
0.04% · 0.06%
Category