GSUS vs TEXN

GSUSAGoldman Sachs MarketBeta U.S. Equity ETF

TEXNDiShares Texas 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.

TEXN Texas, packaged. TEXN tracks a Russell index of companies headquartered in the state (about 210 of them) for 0.20% a year. It is a geography bet from an iShares index desk, not a sector or style one.

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.

TEXN The fund seeks to track an index of U.S. companies headquartered in Texas, providing a single-state equity exposure.

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.

• TEXN One ticket to the Texas corporate base: roughly 210 companies headquartered in the state, picked by a rules-based Russell index rather than a manager's hunch.ishares.com
• Costs 0.20% a year, level with the median fee in its US equity cohort. Cheap-ish for a niche cut of the market.
• Plain machinery: a 1940 Act fund holding actual stocks, paying quarterly. No leverage, no derivatives overlay, no K-1 at tax time.

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

• TEXN Headquarters is the entire filter, so the portfolio rides one state's corporate roster and can look nothing like the broad US market in any given stretch.
• Launched in 2025, so risk numbers rest on a short history rather than a full market cycle.
• Broad US equity peers run cheaper (ILCB at 0.03%) and trade heavier, so expect wider spreads here than on a plain index giant.

Full GSUS profile⁠

Full TEXN profile⁠