GSUS vs GUSA: Grades, Fees and Holdings Compared

Goldman Sachs MarketBeta U.S. Equity ETF

GSUSACboe

Goldman Sachs MarketBeta US 1000 Equity ETF

GUSABNYSE Arca

Overlap

90.8%by weight

Expense ratio

GSUS −0.03pt a year

GSUS0.07%GUSA0.10%

Avg volume · 30D

GSUS 318.2×the volume

GSUS113KGUSA354

3Y return · a year

GSUS +0.5pt

GSUS+23.6%GUSA+23.1%

GSUS vs GUSA Performance

Oct 31, 2025 – Oct 30, 2026

+11.4%GSUS+11.4%GUSA

Expense ratio: GSUS 0.07%, better; GUSA 0.10%
Fund size: GSUS $3.44B; GUSA $2.43B
1Y total return: GSUS +11.4%; GUSA +11.4%
Yield (12M): GSUS 0.99%; GUSA 0.99%
Holdings: GSUS 407; GUSA 1007
Avg volume (30D): GSUS 113K sh, better; GUSA 354 sh
NAV per share: GSUS $106.31; GUSA $66.44
52W range

ETF.net Grade

Pillar letters and Scores for GSUS, GUSA, with each pillar’s weight
Pillar	GSUS	GUSA
Cost30% weight	A80Higher	B59
Mission25% weight	A99	A100Higher
Risk15% weight	B61Higher	B57
Tradability15% weight	A85Higher	D32
Holdings10% weight	C54	B69Higher
Durability5% weight	A79Higher	A72

Rank among US Stocks funds

How we build Categories ›

Same Category. GSUS and GUSA are both graded against the same 7 US Stocks funds, so their Grades compare head to head.

US Stocks⁠

Category · 7 funds

See all 7 ›

GSUS ranks 1st and GUSA 2nd of 7 funds in the US Stocks Category.

Rank 1AGSUSGoldman Sachs MarketBeta U.S. Equity ETFScore 80
Rank 2BGUSAGoldman Sachs MarketBeta US 1000 Equity ETFScore 66
Rank 3BAAEQAlpha Architect US Equity 2 ETFScore 62

Our read on each fund

ETF.net Research

GSUSAGoldman Sachs MarketBeta U.S. Equity ETF

GUSABGoldman Sachs MarketBeta US 1000 Equity ETF

In short

GSUS Goldman's no-frills core: one index covering the largest 85% of the US market by free float, about 400 large and mid caps, at 0.07% net of a waiver through December 29, 2026.

GUSA Goldman's core beta, priced like plumbing: about 1,000 US stocks for 0.10% a year. It reaches past the famous 500 into mid caps and hugs its Solactive benchmark tightly. The trade-off is thin trading.

Stated mandate

GSUS The Fund seeks to track, before fees and expenses, the performance of its underlying U.S. large- and mid-cap equity index.

GUSA The Fund seeks to track, before fees and expenses, the performance of the Solactive GBS United States 1000 Index. It generally invests at least 80% of assets in securities included in that index or related depositary receipts.

Why people hold it

GSUS Costs 0.07% net of a waiver through December 29, 2026 (0.09% gross), undercutting Goldman's own GUSA at 0.10% and the Alpha Architect pair, AAEQ and AAUA, at 0.09% each.gs.com
Nothing clever under the hood: it holds the index's stocks at free-float market-cap weights, and it has tracked that index very closely, among the tightest in its peer group.sec.gov
A billion-dollar-plus fund that trades in reasonable volume, with a quarterly distribution schedule.

GUSA 0.10% a year, half the typical fee in its peer group. Cheap beta is Goldman's whole pitch with the MarketBeta line, and the price tag backs it up.gsam.com
About 1,000 names, roughly twice the reach of a 500-stock benchmark, so mid caps ride along in one ticket instead of being a second purchase.
Boring by design and good at it: the fund tracks the Solactive GBS United States 1000 Index closely, with at least 80% of assets in index securities per the prospectus.gsam.com
A billion-dollar-plus fund from a major issuer, paying distributions quarterly. One of the stronger builds among broad US equity peers.

Worth knowing

GSUS The index stops at roughly the largest 85% of US free float, so small caps sit outside it. Not a total-market holding.sec.gov
The 0.07% sits near the category's typical fee, not at the floor: ILCB charges 0.03% with no waiver attached. And GSUS reverts to 0.09% if its waiver lapses on December 29, 2026.
Free-float weighting means the biggest US companies dominate the top of the portfolio, by design.sec.gov

GUSA Thinly traded for its size. Spreads can widen, so your fill price, not the index, does the damage on sloppy market orders.
Not the cheapest seat in the room: peer ILCB charges 0.03%. GUSA's edge is breadth, not the lowest fee.
Launched in 2022, with a Solactive benchmark rather than a household index name, so the track record and the apples-to-apples comparisons take extra work.

Full GSUS profile⁠

Full GUSA profile⁠

GSUS vs GUSA Holdings

How GSUS and GUSA differ

Overlap by weight

90.8%

Shared holdings make up 99.8% of GSUS and 90.9% of GUSA.

Level by level

Holdings404 in both90.8%
Sector11 Sectors95.3%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in GSUS and GUSA, widest gap first
Sector	More in GSUSMore in GUSA	GSUS	GUSA
Technology	GSUS +3.1 points	40.7%	37.6%
Communication	GSUS +1.6 points	10.3%	8.7%
Health Care	GUSA +0.8 points	9.3%	10.1%
Industrials	GUSA +0.7 points	7.4%	8.1%
Materials	GUSA +0.7 points	1.5%	2.2%
Energy	GUSA +0.6 points	3.4%	4.0%
Real Estate	GUSA +0.5 points	1.5%	2.0%
Financials	GUSA +0.4 points	11.1%	11.5%
Consumer Discretionary	GUSA +0.4 points	8.8%	9.2%
Consumer Staples	GUSA +0.3 points	4.3%	4.6%
Utilities	GUSA +0.2 points	1.8%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in GSUS and GUSA, widest gap first
Country	More in GSUSMore in GUSA	GSUS	GUSA
United States	GSUS +0.2 points	99.5%	99.3%
Switzerland	Same weight	0.3%	0.3%
Brazil	Same weight	0.1%	0.1%
China	Same weight	0.1%	0.1%
United Kingdom	GUSA +0.1 points	0.0%	0.1%
Mexico	GUSA +0.1 points	0.0%	0.1%
Ireland	Same weight	0.0%	0.0%
Sweden	Same weight	0.0%	0.0%
Other countries (2)	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

GSUS38.1%
GUSA34.6%

Securities held

GSUS405
GUSA1,005

Asset class

GSUS: Equity
GUSA: Equity

Holdings

Only in GSUS1
In both404
Only in GUSA601

Only in GSUS

1 security, 0.0% of GSUS by weight

Arm Holdings Plc-Adr0.03%

Only in GUSA

601 securities, 9.1% of GUSA by weight

Moderna, Inc.0.11%
Natera, Inc.0.08%
Illumina, Inc0.06%
Everpure Inc0.06%
Okta, Inc.0.05%
Revolution Medicines Inc0.05%
Rocket Lab Corporation0.05%
Twilio Inc.0.05%
Sunbelt Rentals Holdings, Inc.0.05%
Steel Dynamics, Inc.0.05%
Eqt Corporation0.05%
Flex Ltd.0.05%
Atlassian Corp0.05%
Teledyne Technologies Incorporated0.04%
Emcor Group, Inc.0.04%
Jabil Inc0.04%
Williams-Sonoma, Inc.0.04%
Credo Technology Group Holding Ltd0.04%
Technipfmc PLC0.04%
Expeditors International of Washington, Inc.0.04%
Casey's General Stores,inc0.04%
Veralto Corporation0.03%
Entegris, Inc.0.03%
Dow Inc0.03%
Aercap Holdings NV0.03%
Insmed Incorporated0.03%
Tapestry, Inc.0.03%
Ati Inc0.03%
Guardant Health, Inc.0.03%
Intl.flavors & Fragrance0.03%
Hubbell Incorporated0.03%
United Therapeutics Corp0.03%
Omnicom Group0.03%
Tenet Healthcare Corp0.03%
Ptc Inc.0.03%
Reliance Inc0.03%
Us Foods Holding Corp.0.03%
Sofi Technologies, Inc.0.03%
Nvent Electric Public Limited0.03%
Lpl Financial Holdings Inc.0.03%
Viatris Inc0.03%
Smurfit Westrock Public Limited Company0.03%
Amcor PLC0.03%
First Citizens Bankshares Class A0.03%
Nisource Inc.0.03%
Amrize Ltd0.03%
Xpo Inc0.03%
Cdw Corporation0.03%
Broadridge Financial0.03%
Roku, Inc.0.03%

Weight gaps

The 100 widest of 404 Holdings in both funds.

Holding weights in GSUS and GUSA, widest gap first
Holding	More in GSUSMore in GUSA	GSUS	GUSA
Apple Inc.AAPL	GSUS +0.69 points	7.70%	7.01%
NVIDIA CorporationNVDA	GSUS +0.69 points	7.68%	6.99%
Microsoft CorporationMSFT	GSUS +0.54 points	6.00%	5.46%
Amazon.com IncAMZN	GSUS +0.33 points	3.62%	3.29%
Alphabet Inc.GOOGL	GSUS +0.23 points	2.56%	2.33%
Broadcom Inc.AVGO	GSUS +0.22 points	2.48%	2.26%
Alphabet Inc.GOOG	GSUS +0.19 points	2.21%	2.02%
Meta Platforms Inc-Class AMETA	GSUS +0.19 points	2.12%	1.93%
Tesla Inc.TSLA	GSUS +0.17 points	1.90%	1.73%
Eli Lilly & CoLLY	GSUS +0.16 points	1.79%	1.63%
Micron Technology, Inc.MU	GSUS +0.15 points	1.63%	1.48%
Advanced Micro Devices Inc.AMD	GSUS +0.13 points	1.42%	1.29%
JPMorgan Chase & CoJPM	GSUS +0.13 points	1.42%	1.29%
Exxonmobil Holdings CorporationXOM	GSUS +0.10 points	1.17%	1.07%
Berkshire Hathaway Inc.BRK.B	GSUS +0.11 points	1.17%	1.06%
Visa Inc.V	GSUS +0.09 points	1.05%	0.96%
Johnson & JohnsonJNJ	GSUS +0.09 points	1.02%	0.93%
Walmart IncWMT	GSUS +0.07 points	0.81%	0.74%
AbbVie Inc.ABBV	GSUS +0.07 points	0.79%	0.72%
Mastercard IncorporatedMA	GSUS +0.07 points	0.77%	0.70%
Costco Wholesale CorporationCOST	GSUS +0.06 points	0.68%	0.62%
Cisco Systems, Inc.CSCO	GSUS +0.06 points	0.66%	0.60%
Chevron CorporationCVX	GSUS +0.06 points	0.67%	0.61%
Palantir Technologies Inc.PLTR	GSUS +0.06 points	0.65%	0.59%
Intel CorporationINTC	GSUS +0.06 points	0.61%	0.55%
The Procter & Gamble CompanyPG	GSUS +0.05 points	0.58%	0.53%
UnitedHealth Group IncorporatedUNH	GSUS +0.05 points	0.57%	0.52%
Merck & Co., Inc.MRK	GSUS +0.05 points	0.56%	0.51%
Coca-Cola Company (The)KO	GSUS +0.04 points	0.55%	0.51%
General Electric CompanyGE	GSUS +0.04 points	0.50%	0.46%
Applied Materials IncAMAT	GSUS +0.05 points	0.52%	0.47%
Lam Research CorporationLRCX	GSUS +0.04 points	0.49%	0.45%
The Home Depot, Inc.HD	GSUS +0.04 points	0.50%	0.46%
Philip Morris Intl IncPM	GSUS +0.04 points	0.50%	0.46%
Bank of America CorpBAC	GSUS +0.04 points	0.49%	0.45%
Palo Alto Networks Inc.PANW	GSUS +0.05 points	0.48%	0.43%
Caterpillar Inc (Delaware)CAT	GSUS +0.04 points	0.46%	0.42%
Goldman Sachs Group, Inc.(The)GS	GSUS +0.04 points	0.42%	0.38%
Texas Instruments Inc.TXN	GSUS +0.04 points	0.44%	0.40%
Rtx CorpRTX	GSUS +0.03 points	0.41%	0.38%
Crowdstrike Holdings, Inc.CRWD	GSUS +0.03 points	0.40%	0.37%
Netflix, Inc.NFLX	GSUS +0.03 points	0.40%	0.37%
Wells Fargo & CompanyWFC	GSUS +0.04 points	0.40%	0.36%
Thermo Fisher Scientific IncTMO	GSUS +0.04 points	0.41%	0.37%
Amgen Inc.AMGN	GSUS +0.03 points	0.38%	0.35%
Ge Vernova LlcGEV	GSUS +0.04 points	0.37%	0.33%
Intl Business Machines CorpIBM	GSUS +0.03 points	0.37%	0.34%
Linde PLC	GSUS +0.03 points	0.36%	0.33%
Morgan StanleyMS	GSUS +0.03 points	0.35%	0.32%
Oracle CorporationORCL	GSUS +0.03 points	0.36%	0.33%
Kla CorpKLAC	GSUS +0.03 points	0.34%	0.31%
Citigroup Inc.C	GSUS +0.03 points	0.33%	0.30%
Analog Devices Inc.ADI	GSUS +0.03 points	0.33%	0.30%
Gilead SciencesGILD	GSUS +0.03 points	0.32%	0.29%
Amphenol Corp Cl-A (New)APH	GSUS +0.03 points	0.31%	0.28%
Sandisk CorporationSNDK	GSUS +0.03 points	0.30%	0.27%
Qualcomm IncQCOM	GSUS +0.03 points	0.30%	0.27%
BlackRock Funding, Inc.BLK	GSUS +0.03 points	0.28%	0.25%
Walt Disney Company (The)DIS	GSUS +0.03 points	0.30%	0.27%
Arista Networks, Inc.ANET	GSUS +0.02 points	0.29%	0.27%
Abbott LaboratoriesABT	GSUS +0.03 points	0.28%	0.25%
Salesforce IncCRM	GSUS +0.02 points	0.28%	0.26%
Verizon Communications Inc.VZ	GSUS +0.02 points	0.28%	0.26%
Marvell Technology, Inc.MRVL	GSUS +0.02 points	0.29%	0.27%
ConocophillipsCOP	GSUS +0.02 points	0.28%	0.26%
American Express Co.AXP	GSUS +0.03 points	0.27%	0.24%
Pepsico, Inc.PEP	GSUS +0.02 points	0.28%	0.26%
Mc Donalds CorpMCD	GSUS +0.02 points	0.28%	0.26%
Union Pacific Corp.UNP	GSUS +0.03 points	0.28%	0.25%
Pfizer Inc.PFE	GSUS +0.02 points	0.26%	0.24%
Intuitive Surgical, Inc.ISRG	GSUS +0.03 points	0.25%	0.22%
Welltower, Inc.WELL	GSUS +0.02 points	0.25%	0.23%
Nextera Energy, Inc.NEE	GSUS +0.02 points	0.26%	0.24%
Deere & CompanyDE	GSUS +0.02 points	0.25%	0.23%
Charles Schwab CorporationSCHW	GSUS +0.02 points	0.23%	0.21%
Seagate Technology Holdin PLCSTX	GSUS +0.02 points	0.24%	0.22%
Tjx Companies Inc (New)TJX	GSUS +0.02 points	0.24%	0.22%
Danaher CorporationDHR	GSUS +0.02 points	0.23%	0.21%
Accenture PLC	GSUS +0.02 points	0.23%	0.21%
Eaton Corp PLC	GSUS +0.02 points	0.23%	0.21%
AT&T Inc.T	GSUS +0.03 points	0.23%	0.20%
Lockheed Martin CorporationLMT	GSUS +0.02 points	0.23%	0.21%
The Progressive CorporationPGR	GSUS +0.02 points	0.21%	0.19%
Vertex Pharmaceuticals IncorporatedVRTX	GSUS +0.02 points	0.21%	0.19%
Uber Technologies, Inc.UBER	GSUS +0.02 points	0.20%	0.18%
Capital One Financial CorpCOF	GSUS +0.02 points	0.20%	0.18%
Chubb Limited	GSUS +0.02 points	0.20%	0.18%
Marathon Petroleum CorporationMPC	GSUS +0.02 points	0.20%	0.18%
Western Digital CorporationWDC	GSUS +0.02 points	0.21%	0.19%
Dell Technologies Inc.DELL	GSUS +0.02 points	0.21%	0.19%
S&P Global Inc.SPGI	GSUS +0.02 points	0.21%	0.19%
Medtronic Public Limited Company	GSUS +0.02 points	0.19%	0.17%
Boeing CompanyBA	GSUS +0.02 points	0.20%	0.18%
Altria Group, Inc.MO	GSUS +0.02 points	0.20%	0.18%
Bristol-Myers Squibb CompanyBMY	GSUS +0.01 points	0.19%	0.18%
Automatic Data Processing IncADP	GSUS +0.02 points	0.18%	0.16%
Lowes Companies IncLOW	GSUS +0.02 points	0.18%	0.16%
Newmont CorpNEM	GSUS +0.01 points	0.18%	0.17%
Starbucks Corp.SBUX	GSUS +0.01 points	0.18%	0.17%
Mckesson CorporationMCK	GSUS +0.02 points	0.18%	0.16%

All 406 GSUS holdings⁠All 1,006 GUSA 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.

GSUS vs GUSA Cost

Overpaying GUSA vs GSUS

$626

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

GSUS 0.07%
$1,480
GUSA 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

GSUS 0.07%
GUSA 0.10%
Overpaying

Year by year

Year	GSUS	GUSA	Overpaying
10	$128	$183	$55
20	$503	$717	$214
30	$1,480	$2,106	$626

Expense ratio

0.07%GSUS, cheaper
0.10%GUSA

GSUS0.07%GUSA0.10%

0.07%0.30%

Middle half of US Stocks funds
Median 0.10%

GSUS cheapest of 7 funds

GUSA 4th cheapest of 7 funds

GSUS vs GUSA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GSUS 0.99%; GUSA 0.99%
Payout (12M): GSUS $1.04; GUSA $0.64
Last payment: GSUS $0.25; GUSA $0.16
Ex-dividend: GSUS Sep 24, 2026; GUSA Sep 24, 2026
Paid on: GSUS Sep 30, 2026; GUSA Sep 30, 2026
Frequency: GSUS Quarterly; GUSA Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

GSUSQuarterly · 25 paymentsAll GSUS payments⁠

GUSAQuarterly · 18 paymentsAll GUSA payments⁠

GSUS vs GUSA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GSUS 12.6%GUSA 12.6%
Return per unit of riskSharpe ratio, 3 years: GSUS 1.41, betterGUSA 1.38
Worst fallMax drawdown, 5 years: GSUS −25.6%GUSA −19.6%since Apr 2022
Market sensitivityBeta, 5 years: GSUS 1.01GUSA 0.98; Market = 1

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