GSWO vs IDYN: Grades, Fees and Holdings Compared

Goldman Sachs ActiveBeta World Equity ETF

GSWOACboe

iShares International Equity Factor Rotation Active ETF

IDYNDNYSE Arca

Overlap

11.7%by weight

Expense ratio

GSWO −0.31pt a year

GSWO0.15%IDYN0.46%

Avg volume · 30D

GSWO 4.0×the volume

GSWO66.2KIDYN16.4K

GSWO vs IDYN Performance

Aug 7, 2026 – Nov 9, 2026

−2.9%GSWO−3.6%IDYN

Expense ratio: GSWO 0.15%, better; IDYN 0.46%
Fund size: GSWO $1.72B; IDYN $110M
1Y total return: GSWO No data; IDYN +13.2%
Yield (12M): GSWO 1.46%; IDYN No data
Holdings: GSWO 724; IDYN 220
Avg volume (30D): GSWO 66.2K sh, better; IDYN 16.4K sh
NAV per share: GSWO $62.23; IDYN $28.99
52W range

ETF.net Grade

Pillar letters and Scores for GSWO, IDYN, with each pillar’s weight
Pillar	GSWO	IDYN
Cost30% weight	A98Higher	F24
Mission25% weight	Not scored	Not scored
Risk15% weight	B56Higher	F23
Tradability15% weight	A84Higher	C51
Holdings10% weight	D30	D33Higher
Durability5% weight	B62Higher	D33

Rank among International Multifactor funds

How we build Categories ›

Same Category. GSWO and IDYN are both graded against the same 30 International Multifactor funds, so their Grades compare head to head.

International Multifactor⁠

Category · 30 funds

See all 30 ›

GSWO ranks 3rd and IDYN 26th of 30 funds in the International Multifactor Category.

Rank 1ADFAIDimensional International Core Equity Market ETFScore 79
Rank 1AINTFiShares International Equity Factor ETFScore 79
Rank 3AGSWOGoldman Sachs ActiveBeta World Equity ETFScore 75
Rank 4AFDEVFidelity International Multifactor ETFScore 71
Rank 25DFEPFirst Trust Europe AlphaDEX FundScore 32
Rank 26DIDYNiShares International Equity Factor Rotation Active ETFScore 30
Rank 27DFEUZFirst Trust Eurozone AlphaDEX ETFScore 28

Our read on each fund

ETF.net Research

GSWOAGoldman Sachs ActiveBeta World Equity ETF

IDYNDiShares International Equity Factor Rotation Active ETF

In short

GSWO Four factor tilts (value, momentum, quality, low volatility) on developed markets outside the US, for 15 basis points. Goldman's ActiveBeta rules at a price closer to an index fund than an active one.

IDYN No data

Stated mandate

GSWO The fund is an ActiveBeta World Equity ETF designed to track an ActiveBeta Index and provide exposure to value, momentum, quality, and low-volatility characteristics.

IDYN No data

Why people hold it

GSWO 0.15% a year against a 0.69% median for its global active-equity peers, and cheaper than fellow top-graded names DFAW (0.24%) and AVGE (0.25%).
Value, momentum, quality and low volatility come from one published ActiveBeta index methodology, not a manager's discretionary call.gsam.com
Stands among the strongest implementations in its global equity peer group: a multi-billion-dollar fund in the standard 1940 Act ETF wrapper that pays quarterly.

IDYN No data

Worth knowing

GSWO Despite the "World" name, the reference index is MSCI World ex USA, so US stocks sit outside the mandate.
Launched in 2022, so the live record is short, and factor blends can trail plain cap-weighted benchmarks for long stretches.
Four factors in one basket can pull against each other; the net tilt is milder than a single-factor fund.

IDYN No data

Full GSWO profile⁠

Full IDYN profile⁠

GSWO vs IDYN Holdings

How GSWO and IDYN differ

Overlap by weight

11.7%

Shared holdings make up 82.4% of IDYN and 12.3% of GSWO.

Level by level

Holdings135 in both11.7%
Countryby domicile26.4%
Sector11 Sectors65.0%
Asset classStocks100%

Sector

Sector weights in GSWO and IDYN, widest gap first
Sector	Gap	GSWO	IDYN
Technology	GSWO +18.4 points	29.1%	10.7%
Financials	IDYN +13.9 points	17.2%	31.1%
Industrials	IDYN +11.3 points	9.5%	20.8%
Consumer Discretionary	GSWO +7.3 points	10.5%	3.2%
Utilities	IDYN +5.7 points	1.0%	6.7%
Energy	GSWO +4.5 points	4.5%	0.0%
Materials	IDYN +4.0 points	2.4%	6.4%
Communication	GSWO +2.4 points	7.7%	5.3%
Health Care	GSWO +1.9 points	11.2%	9.3%
Consumer Staples	GSWO +0.5 points	6.2%	5.7%
Real Estate	IDYN +0.1 points	0.7%	0.8%

Country, concentration and asset class

Country by domicile

Country weights in GSWO and IDYN, widest gap first
Country	Gap	GSWO	IDYN
United States	GSWO +69.1 points	69.1%	0.0%
Japan	IDYN +17.3 points	8.5%	25.8%
United Kingdom	IDYN +10.5 points	3.1%	13.6%
France	IDYN +6.5 points	1.4%	7.9%
Switzerland	IDYN +5.3 points	2.6%	7.9%
Germany	IDYN +5.0 points	1.8%	6.8%
Spain	IDYN +5.0 points	0.9%	5.9%
Italy	IDYN +3.3 points	0.8%	4.1%
Other countries (19)	IDYN +16.1 points	11.8%	27.9%

Outside the US: GSWO 95% developed, 5% emerging. IDYN 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

GSWO27.5%
IDYN21.1%

Securities held

GSWO711
IDYN206

Asset class

GSWO: Stocks
IDYN: Stocks

Holdings

Only in GSWO576
In both135
Only in IDYN71

Only in GSWO

576 securities, 87.6% of GSWO by weight

Apple Inc.5.75%
NVIDIA Corporation5.13%
Microsoft Corporation4.43%
Amazon.com Inc2.86%
Alphabet Inc.1.92%
Alphabet Inc.1.68%
Broadcom Inc.1.56%
Meta Platforms Inc-Class A1.55%
Eli Lilly & Co1.37%
Tesla Inc.1.23%
JPMorgan Chase & Co1.03%
Micron Technology, Inc.0.98%
Visa Inc.0.86%
Berkshire Hathaway Inc.0.84%
Advanced Micro Devices Inc.0.84%
Johnson & Johnson0.78%
Exxonmobil Holdings Corporation0.76%
Walmart Inc0.71%
Mastercard Incorporated0.65%
AbbVie Inc.0.59%
Costco Wholesale Corporation0.55%
Merck & Co., Inc.0.50%
UnitedHealth Group Incorporated0.45%
Coca-Cola Company (The)0.44%
Cisco Systems, Inc.0.44%
Chevron Corporation0.42%
Philip Morris Intl Inc0.42%
The Home Depot, Inc.0.40%
The Procter & Gamble Company0.39%
Palantir Technologies Inc.0.39%
Bank of America Corp0.37%
Gilead Sciences0.36%
General Electric Company0.34%
Lam Research Corporation0.34%
Amgen Inc.0.32%
Applied Materials Inc0.30%
Wells Fargo & Company0.30%
Royal Bank of Canada0.30%
Crowdstrike Holdings, Inc.0.29%
Caterpillar Inc (Delaware)0.28%
Intel Corporation0.28%
Palo Alto Networks Inc.0.28%
Texas Instruments Inc.0.28%
Citigroup Inc.0.28%
Shell PLC0.27%
Kla Corp0.27%
Morgan Stanley0.26%
Netflix, Inc.0.26%
Rtx Corp0.25%
Toronto Dominion Bank0.25%

Only in IDYN

71 securities, 17.1% of IDYN by weight

Edp Energias De Portugal1.31%
SOUTH321.12%
Fortum0.86%
Boc Hong Kong Holdings Ltd0.81%
Compass Group PLC0.79%
Arcelormittal SA0.75%
Reckitt Benckiser Group PLC0.70%
Telenor0.70%
Sumitomo Metal Mining0.51%
Carrefour SA0.50%
Bt Group PLC0.43%
Vestas Wind Systems0.41%
3I Group Fund PLC0.41%
Stmicroelectronics0.41%
Keppel0.37%
Csl0.37%
Volvo Class B0.35%
Kyocera0.34%
Evonik Industries AG0.33%
Fortescue Ltd0.29%
Wh Group0.27%
Verbund AG0.25%
Komatsu0.23%
Ems-Chemie Holding AG0.22%
Computershare Ltd0.22%
Antofagasta PLC0.22%
Galaxy Entertainment Group0.21%
London Stock Exchange Group PLC0.21%
Keyence0.20%
Argenx0.19%
Azrieli Group Ltd0.18%
Pls Group Ltd0.17%
Diageo PLC0.16%
Evolution0.13%
Novozymes B0.13%
Taisei0.13%
Lynas Rare Earths0.13%
Ucb SA0.12%
Ihi0.12%
Tdk0.12%
Airtel Africa PLC0.11%
Klepierre Reit SA0.10%
Orsted A/S0.09%
Ipsen SA0.09%
Transurban Group Stapled Units0.09%
Renesas Electronics Corp0.08%
Ntt0.08%
Vat Group AG0.07%
Canon0.07%
Chugai Pharmaceutical Ltd0.07%

Weight gaps

The 100 widest of 135 Holdings in both funds.

Holding weights in GSWO and IDYN, widest gap first
Holding	Gap	GSWO	IDYN
Asml Holding N.v.	IDYN +3.07 points	0.65%	3.72%
Novartis AG Shs	IDYN +2.71 points	0.34%	3.05%
Astrazeneca PLC OrdAZN.L	IDYN +2.41 points	0.29%	2.70%
Iberdrola Sociedad Anonima	IDYN +2.09 points	0.12%	2.21%
Enel Spa Eur 1	IDYN +1.60 points	0.05%	1.65%
Generali	IDYN +1.54 points	0.04%	1.58%
Tesco PLCTSCO.L	IDYN +1.41 points	0.06%	1.47%
Yara International Asa	IDYN +1.39 points	0.03%	1.42%
Banco Santander, S.a.	IDYN +1.39 points	0.23%	1.62%
Vodafone Group PLCVOD.L	IDYN +1.37 points	0.09%	1.46%
Mitsubishi Ufj Financial Group	IDYN +1.30 points	0.21%	1.51%
Anheuser-Busch Inbev	IDYN +1.25 points	0.05%	1.30%
Mitsubishi Corp.	IDYN +1.22 points	0.09%	1.31%
Roche Holding AG	IDYN +1.20 points	0.40%	1.60%
Dbs Group Holdings Ltd	IDYN +1.17 points	0.13%	1.30%
Vinci SA	IDYN +1.15 points	0.05%	1.20%
Itochu Corporation	IDYN +1.15 points	0.05%	1.20%
Mitsui & Co Ltd	IDYN +1.14 points	0.04%	1.18%
Abb Ltd	IDYN +1.12 points	0.14%	1.26%
MS&AD Insurance Group Holdings	IDYN +1.12 points	0.07%	1.19%
Sap SE	IDYN +1.06 points	0.19%	1.25%
Ubs Group AG	IDYN +1.05 points	0.17%	1.22%
Axa	IDYN +1.05 points	0.09%	1.14%
Investor Aktiebolag	IDYN +1.02 points	0.10%	1.12%
Relx PLCREL.L	IDYN +1.01 points	0.07%	1.08%
Sitc International Holdings Company Ltd	IDYN +0.97 points	0.04%	1.01%
Banco Bilbao Vizcaya	IDYN +0.96 points	0.20%	1.16%
Toyota Tsusho Corporation	IDYN +0.89 points	0.05%	0.94%
Allianz SE	IDYN +0.88 points	0.18%	1.06%
Standard Chartered PLCSTAN.L	IDYN +0.86 points	0.09%	0.95%
Kddi Corporation	IDYN +0.86 points	0.09%	0.95%
Qbe Insurance Group Limited	IDYN +0.87 points	0.05%	0.92%
Caixabank, S.a.	IDYN +0.86 points	0.06%	0.92%
Bnp Paribas	IDYN +0.85 points	0.21%	1.06%
Sumitomo Mitsui Fin Group, Inc	IDYN +0.85 points	0.17%	1.02%
Dhl Group	IDYN +0.83 points	0.19%	1.02%
Societe Generale	IDYN +0.79 points	0.08%	0.87%
Phoenix Finance Ltd	IDYN +0.79 points	0.02%	0.81%
Barclays PLCBARC.L	IDYN +0.75 points	0.08%	0.83%
Mizuho Financial Group	IDYN +0.73 points	0.09%	0.82%
Recruit Holdings Co., Ltd.	IDYN +0.73 points	0.29%	1.02%
Commonwealth Bank of Australia	IDYN +0.72 points	0.14%	0.86%
Siemens Energy AG	IDYN +0.71 points	0.08%	0.79%
Tokio Marine Holdings, Inc.	IDYN +0.67 points	0.10%	0.77%
Hitachi, Ltd.	IDYN +0.63 points	0.08%	0.71%
Tokyo Electron Ltd	IDYN +0.62 points	0.13%	0.75%
Elbit Systems	IDYN +0.62 points	0.04%	0.66%
Advantest Corp	IDYN +0.62 points	0.23%	0.85%
L'oreal	IDYN +0.59 points	0.15%	0.74%
Nokia Oyj Series A	IDYN +0.57 points	0.05%	0.62%
Deutsche Telekom AG	IDYN +0.56 points	0.10%	0.66%
Sompo Holdings, Inc.	IDYN +0.57 points	0.10%	0.67%
Mitsubishi Elec Corp	IDYN +0.52 points	0.04%	0.56%
Ocbc Ltd	IDYN +0.50 points	0.06%	0.56%
Siemens AG Reg Shs	IDYN +0.49 points	0.18%	0.67%
Banco Bpm Societa' Per Azioni	IDYN +0.47 points	0.04%	0.51%
Sun Hung Kai Properties Limited	IDYN +0.45 points	0.05%	0.50%
Ck Hutchison Holdings Limited	IDYN +0.45 points	0.07%	0.52%
A.p. Moeller - Maersk A/S Class B	IDYN +0.45 points	0.07%	0.52%
Daiichi Life Group Inc	IDYN +0.44 points	0.06%	0.50%
Aia Group Limited	IDYN +0.44 points	0.09%	0.53%
Central Japan Railway Company	IDYN +0.43 points	0.04%	0.47%
Orange	IDYN +0.42 points	0.03%	0.45%
Murata Mfg. Co., Ltd.	IDYN +0.39 points	0.06%	0.45%
Toyota Motor Corporation	IDYN +0.37 points	0.12%	0.49%
Infineon Technologies AG	IDYN +0.35 points	0.07%	0.42%
Dnb Bank Asa	IDYN +0.32 points	0.03%	0.35%
Mitsubishi Heavy Ind	IDYN +0.32 points	0.03%	0.35%
Ericsson (Lm) Telefon-	IDYN +0.31 points	0.04%	0.35%
Enlight Renewable Energy Ltd	IDYN +0.31 points	0.03%	0.34%
Kawasaki Kisen Kaisha, Ltd.	IDYN +0.30 points	0.05%	0.35%
Hsbc Holdings PLCHSBA.L	IDYN +0.27 points	0.33%	0.60%
Astellas Pharma Inc.	IDYN +0.27 points	0.13%	0.40%
Softbank Group Corp.	IDYN +0.26 points	0.04%	0.30%
Nippon Yusen Kabushiki Kaisha	IDYN +0.26 points	0.03%	0.29%
Shin-Etsu Chemical	IDYN +0.26 points	0.05%	0.31%
Fujikura Ltd.	IDYN +0.24 points	0.04%	0.28%
Daimler Truck Holding AG	IDYN +0.24 points	0.03%	0.27%
Next PLCNXT.L	IDYN +0.24 points	0.11%	0.35%
Sony Group Corporation	IDYN +0.22 points	0.12%	0.34%
Fresnillo PLCFRES.L	IDYN +0.23 points	0.14%	0.36%
Panasonic	IDYN +0.22 points	0.07%	0.29%
Harel Insurance Investments and Financial Services	IDYN +0.21 points	0.03%	0.24%
Woolworths Group Limited	IDYN +0.20 points	0.13%	0.33%
Sanofi	IDYN +0.20 points	0.05%	0.25%
Prudential Public Limited CompanyPRU.L	IDYN +0.20 points	0.05%	0.25%
Fast Retailing Co Ltd	IDYN +0.19 points	0.12%	0.31%
Unicredit, Societa' Per Azioni	IDYN +0.19 points	0.12%	0.31%
Japan Post Holdings Co. Ltd.	IDYN +0.18 points	0.06%	0.24%
Anz Group Holdings Ltd	IDYN +0.18 points	0.04%	0.22%
Japan Post Bank Co., Ltd.	IDYN +0.16 points	0.10%	0.26%
A P Moller - Maersk A/S	IDYN +0.15 points	0.07%	0.22%
Kuehne & Nagel Intl AG	GSWO +0.14 points	0.14%	<0.01%
Associated British Foods PLCABF.L	IDYN +0.14 points	0.03%	0.17%
Genmab A/S	IDYN +0.14 points	0.03%	0.17%
Sumitomo Electric Industries, Ltd	IDYN +0.13 points	0.03%	0.16%
Nec Corporation	IDYN +0.13 points	0.03%	0.16%
Tower Semiconductor Ltd	IDYN +0.13 points	0.03%	0.16%
Air Liquide SA	IDYN +0.12 points	0.04%	0.16%
Rheinmetall AG	IDYN +0.12 points	0.02%	0.14%

All 712 GSWO holdings⁠All 206 IDYN 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.

GSWO vs IDYN Cost

Overpaying IDYN vs GSWO

$6,093

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

GSWO 0.15%
$3,137
IDYN 0.46%
$9,230

Amount$10,000

Years30 years

Cost over time

GSWO 0.15%
IDYN 0.46%
Overpaying

Year by year

Year	GSWO	IDYN	Overpaying
10	$274	$830	$556
20	$1,071	$3,195	$2,124
30	$3,137	$9,230	$6,093

Expense ratio

0.15%GSWO, cheaper
0.46%IDYN

GSWO0.15%IDYN0.46%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

GSWO cheapest of 30 funds

IDYN 23rd cheapest of 30 funds

GSWO vs IDYN Dividends

Last 12 months to Nov 9, 2026

Yield (12M): GSWO 1.46%; IDYN No data
Payout (12M): GSWO $0.93; IDYN No data
Last payment: GSWO $0.20; IDYN $0.44
Ex-dividend: GSWO Sep 24, 2026; IDYN Jun 15, 2026
Paid on: GSWO Sep 30, 2026; IDYN Jun 18, 2026
Frequency: GSWO Quarterly; IDYN Twice a year

Distribution history

Per share, 2022 to 2026, same scale for both

GSWOQuarterly · 18 paymentsAll GSWO payments⁠

IDYNTwice a year · 2 paymentsAll IDYN payments⁠

GSWO vs IDYN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GSWO No dataIDYN 13.9%since Sep 2025
Return per unit of riskSharpe ratio, 3 years: GSWO No dataIDYN 0.75since Sep 2025
Worst fallMax drawdown, 5 years: GSWO No dataIDYN −12.7%since Aug 2025
Market sensitivityBeta, 5 years: GSWO 0.75IDYN 0.72; Market = 1

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