GSWO vs UIVM: Grades, Fees and Holdings Compared

Goldman Sachs ActiveBeta World Equity ETF

GSWOACboe

VictoryShares International Value Momentum ETF

UIVMCNasdaq

Overlap

7.3%by weight

Expense ratio

GSWO −0.20pt a year

GSWO0.15%UIVM0.35%

Avg volume · 30D

GSWO 14.5×the volume

GSWO64KUIVM4.43K

GSWO vs UIVM Performance

Jul 31, 2026 – Oct 30, 2026

+0.5%GSWO−1.3%UIVM

Expense ratio: GSWO 0.15%, better; UIVM 0.35%
Fund size: GSWO $1.79B; UIVM $330M
1Y total return: GSWO No data; UIVM +25.0%
Yield (12M): GSWO 1.46%; UIVM 4.30%, better
Holdings: GSWO 751; UIVM 200
Avg volume (30D): GSWO 64K sh, better; UIVM 4.43K sh
NAV per share: GSWO $64.95; UIVM $73.23
52W range

ETF.net Grade

Pillar letters and Scores for GSWO, UIVM, with each pillar’s weight
Pillar	GSWO	UIVM
Cost30% weight	A98Higher	C45
Mission25% weight	Not scored	Not scored
Risk15% weight	B67Higher	B65
Tradability15% weight	A86Higher	F19
Holdings10% weight	F22	A70Higher
Durability5% weight	B62Higher	C49

Rank among International Multifactor funds

How we build Categories ›

Same Category. GSWO and UIVM 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 UIVM 16th of 30 funds in the International Multifactor Category.

Rank 1AINTFiShares International Equity Factor ETFScore 79
Rank 2ADFAIDimensional International Core Equity Market ETFScore 77
Rank 3AGSWOGoldman Sachs ActiveBeta World Equity ETFScore 76
Rank 4AFDEVFidelity International Multifactor ETFScore 73
Rank 16CMFDXPIMCO RAFI Dynamic Multi-Factor International Equity ETFScore 47
Rank 16CUIVMVictoryShares International Value Momentum ETFScore 47
Rank 19CIMFLInvesco International Developed Dynamic Multifactor ETFScore 46

Our read on each fund

ETF.net Research

GSWOAGoldman Sachs ActiveBeta World Equity ETF

UIVMCVictoryShares International Value Momentum 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.

UIVM Two screens that rarely agree, value and momentum, pointed at developed markets outside the US. Victory has run this rules-based blend since 2017, holding roughly 190 names instead of picking a side.

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.

UIVM The fund seeks international equity exposure through a rules-based index emphasizing securities with higher value and momentum characteristics within the MSCI World ex USA universe.

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.

UIVM Buys the cheap and the strong at once: the index ranks developed ex-US stocks on both value and momentum, so neither screen runs the portfolio alone.
Roughly 190 stocks drawn from the MSCI World ex USA universe, spread across developed markets outside the United States.
Live since 2017 with a real asset base behind it, not a launch-week experiment fishing for its first shareholders.

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.

UIVM The 0.39% fee sits near the middle of the international multifactor pack, and the cheapest rivals undercut it hard: INTF at 0.16%, FDEV at 0.18%, GSIE at 0.25%.
Thinly traded for its category, so spreads and limit orders matter more here than with the group's giants.
Payouts land on an irregular schedule rather than a fixed quarterly rhythm, which complicates income planning.

Full GSWO profile⁠

Full UIVM profile⁠

GSWO vs UIVM Holdings

How GSWO and UIVM differ

Overlap by weight

7.3%

Shared holdings make up 54.2% of UIVM and 7.3% of GSWO.

Level by level

Holdings96 in both7.3%
Countryby domicile27.9%
Asset classEquity100%

Sector

No Sector split for GSWO.

Country, concentration and asset class

Country by domicile

Country weights in GSWO and UIVM, widest gap first
Country	More in GSWOMore in UIVM	GSWO	UIVM
United States	GSWO +68.4 points	69.3%	0.9%
Japan	UIVM +14.1 points	8.5%	22.6%
France	UIVM +7.9 points	1.4%	9.3%
Canada	UIVM +7.8 points	3.3%	11.1%
South Korea	UIVM +7.0 points	0.0%	7.0%
Germany	UIVM +6.1 points	1.8%	7.9%
China	UIVM +5.2 points	0.2%	5.4%
Sweden	UIVM +3.7 points	0.7%	4.4%
Other countries (21)	UIVM +16.5 points	14.8%	31.3%

Outside the US: GSWO 95% developed, 5% emerging. UIVM 86% developed, 14% emerging.

Concentration

Weight in the 10 largest Holdings

GSWO27.5%
UIVM9.4%

Securities held

GSWO740
UIVM196

Asset class

GSWO: Equity
UIVM: Equity

Holdings

Only in GSWO644
In both96
Only in UIVM100

Only in GSWO

644 securities, 92.4% of GSWO by weight

NVIDIA Corporation5.65%
Apple Inc.5.62%
Microsoft Corporation4.24%
Amazon.com Inc2.60%
Alphabet Inc.1.85%
Broadcom Inc.1.76%
Alphabet Inc.1.60%
Meta Platforms Inc-Class A1.52%
Eli Lilly & Co1.35%
Tesla Inc.1.32%
Micron Technology, Inc.1.27%
JPMorgan Chase & Co1.02%
Advanced Micro Devices Inc.1.02%
Visa Inc.0.80%
Exxonmobil Holdings Corporation0.80%
Berkshire Hathaway Inc.0.77%
Asml Holding N.v.0.75%
Johnson & Johnson0.74%
Walmart Inc0.66%
Mastercard Incorporated0.60%
AbbVie Inc.0.57%
Costco Wholesale Corporation0.50%
Cisco Systems, Inc.0.48%
Palantir Technologies Inc.0.46%
UnitedHealth Group Incorporated0.45%
Intel Corporation0.44%
Chevron Corporation0.44%
Lam Research Corporation0.41%
Coca-Cola Company (The)0.41%
Roche Holding AG0.39%
Merck & Co., Inc.0.38%
Applied Materials Inc0.37%
The Home Depot, Inc.0.37%
The Procter & Gamble Company0.37%
Bank of America Corp0.36%
General Electric Company0.34%
Recruit Holdings Co., Ltd.0.33%
Palo Alto Networks Inc.0.33%
Philip Morris Intl Inc0.32%
Advantest Corp0.32%
Caterpillar Inc (Delaware)0.32%
Kla Corp0.31%
Texas Instruments Inc.0.30%
Wells Fargo & Company0.29%
Astrazeneca PLC Ord0.28%
Citigroup Inc.0.28%
Seagate Technology Holdin PLC0.28%
Shell PLC0.28%
Rtx Corp0.27%
Ge Vernova Llc0.27%

Only in UIVM

100 securities, 45.6% of UIVM by weight

Nn Group NV0.96%
Altagas Ltd0.87%
Klepierre SA0.83%
Lundbergs Ab-B Shs0.81%
Mtr Corp0.78%
Henkel AG & Co Kgaa0.78%
Jyske Bank A/S0.77%
Bunzl PLC0.77%
Japan Tobacco Inc0.75%
Unibail-Rodamco-Westfield0.74%
Industrivarden Ab0.73%
Exor NV0.70%
China Resources Power Hdg0.70%
Hellenic Telecommunicatio0.68%
Verbund AG0.67%
Boc Hong Kong Holdings Lt0.67%
Pearson PLC0.65%
Ck Asset Holdings Ltd0.65%
Bt Group PLC0.64%
Swedish Orphan Biovitrum0.62%
Evonik Industries AG0.61%
Merck Kgaa0.61%
East Japan Railway Co0.61%
Nippon Steel Corp0.60%
Shionogi & Co Ltd0.60%
Kirin Holdings Co Ltd0.60%
Igm Financial Inc0.58%
Eiffage SA0.58%
Henderson Land0.57%
KT&G Corp0.57%
Zto Express Cayman Inc0.57%
Unicaja Banco SA0.55%
Mitsui Osk Lines Ltd0.54%
Carrefour SA0.54%
Bayerische Motoren Werke0.52%
Wilmar International Ltd.0.51%
Cgi Inc0.51%
Rexel SA0.51%
Fujifilm Holdings Corp0.50%
Orient Overseas Internati0.50%
Kansai Electric Power0.49%
Hongkong Land Holdings Lt0.49%
Rogers Communications B0.49%
Ipsen SA0.48%
Subaru Corp0.48%
Teva Pharmaceutical Indus0.48%
Industrial Bank of Korea0.47%
Volkswagen AG0.47%
China Overseas Land & Inv0.47%
Obayashi Corp0.46%

Weight gaps

All 96 Holdings in both funds, largest gap first.

Holding weights in GSWO and UIVM, widest gap first
Holding	More in GSWOMore in UIVM	GSWO	UIVM
Great West Life Co Inc	UIVM +0.88 points	0.07%	0.95%
Dbs Group Holdings Ltd	UIVM +0.86 points	0.13%	0.99%
Investor Aktiebolag	UIVM +0.84 points	0.10%	0.94%
Singapore Airlines Ltd.	UIVM +0.84 points	0.04%	0.88%
Swedbank Ab	UIVM +0.80 points	0.05%	0.85%
J Sainsbury PLCSBRY.L	UIVM +0.78 points	0.03%	0.81%
Bank of Nova Scotia (The)	UIVM +0.78 points	0.11%	0.89%
Royal Bank of Canada	UIVM +0.76 points	0.29%	1.05%
Takeda Pharmaceutical Co Ltd	UIVM +0.76 points	0.06%	0.82%
Power Corp Canada (Com)	UIVM +0.75 points	0.06%	0.81%
National Bank Cda Montreal Que	UIVM +0.75 points	0.05%	0.80%
Heineken Holding N.v.	UIVM +0.74 points	0.05%	0.79%
Endesa SA	UIVM +0.73 points	0.03%	0.76%
Toronto Dominion Bank	UIVM +0.72 points	0.27%	0.99%
Ocbc Ltd	UIVM +0.72 points	0.06%	0.78%
Bank of Montreal	UIVM +0.69 points	0.13%	0.82%
Canadian Imperial Bank of	UIVM +0.69 points	0.12%	0.81%
Canadian National Railway Co.	UIVM +0.67 points	0.07%	0.74%
Omv AG	UIVM +0.66 points	0.03%	0.69%
Mitsubishi Hc Capital Inc.	UIVM +0.65 points	0.04%	0.69%
Ackermans & Van Haaren	UIVM +0.62 points	0.03%	0.65%
Osaka Gas Co., Ltd.	UIVM +0.62 points	0.06%	0.68%
Swire Pac Ltd Cl-A (Ord)	UIVM +0.61 points	0.06%	0.67%
Anheuser-Busch Inbev	UIVM +0.61 points	0.05%	0.66%
Bridgestone Corp	UIVM +0.61 points	0.04%	0.65%
Engie	UIVM +0.60 points	0.04%	0.64%
Koninklijke Ahold Delhaize NV	UIVM +0.60 points	0.11%	0.71%
Nippon Yusen Kabushiki Kaisha	UIVM +0.60 points	0.03%	0.63%
Ana Holdings Inc.	UIVM +0.59 points	0.04%	0.63%
Fresenius SE & Co. Kgaa	UIVM +0.59 points	0.07%	0.66%
Compagnie Generale Des Etablissements Michelin	UIVM +0.58 points	0.06%	0.64%
Bouygues S.a. (Ord)	UIVM +0.57 points	0.06%	0.63%
Novartis AG Shs	UIVM +0.57 points	0.34%	0.91%
Orange	UIVM +0.56 points	0.03%	0.59%
Tenaris S.a.	UIVM +0.56 points	0.03%	0.59%
Central Japan Railway Company	UIVM +0.56 points	0.03%	0.59%
Eni Ordinary Shares	UIVM +0.55 points	0.06%	0.61%
Rwe AG	UIVM +0.54 points	0.05%	0.59%
Suncor Energy Inc.	UIVM +0.54 points	0.14%	0.68%
Aib Group Public Limited Company	UIVM +0.54 points	0.05%	0.59%
Credit Agricole SA	UIVM +0.53 points	0.03%	0.56%
Gsk PLCGSK.L	UIVM +0.52 points	0.13%	0.65%
Fresenius Medical Care AG	UIVM +0.51 points	0.04%	0.55%
Totalenergies SE	UIVM +0.52 points	0.21%	0.73%
Mercedes-Benz Group AG	UIVM +0.51 points	0.05%	0.56%
Ck Hutchison Holdings Limited	UIVM +0.49 points	0.06%	0.55%
Idemitsu Kosan Co.,ltd.	UIVM +0.48 points	0.06%	0.54%
Abn Amro Bank N.v.	UIVM +0.49 points	0.05%	0.54%
Japan Post Holdings Co. Ltd.	UIVM +0.47 points	0.06%	0.53%
Kawasaki Kisen Kaisha, Ltd.	UIVM +0.47 points	0.05%	0.52%
Sitc International Holdings Company Ltd	UIVM +0.46 points	0.04%	0.50%
Vodafone Group PLCVOD.L	UIVM +0.45 points	0.09%	0.54%
Ing Groep N.v.	UIVM +0.46 points	0.11%	0.57%
Wh Group Limited	UIVM +0.46 points	0.03%	0.49%
Honda Motor Co., Ltd.	UIVM +0.45 points	0.08%	0.53%
Dhl Group	UIVM +0.45 points	0.18%	0.63%
Repsol Ypf SA	UIVM +0.44 points	0.06%	0.50%
Sun Hung Kai Properties Limited	UIVM +0.43 points	0.04%	0.47%
Ly Corporation	UIVM +0.43 points	0.04%	0.47%
Continental AG	UIVM +0.43 points	0.02%	0.45%
Japan Post Insurance Co., Ltd	UIVM +0.43 points	0.05%	0.48%
Cap Gemini	UIVM +0.43 points	0.03%	0.46%
Astellas Pharma Inc.	UIVM +0.42 points	0.15%	0.57%
Rio Tinto Limited	UIVM +0.42 points	0.03%	0.45%
Eneos Holdings, Inc.	UIVM +0.42 points	0.07%	0.49%
Mitsui & Co Ltd	UIVM +0.41 points	0.05%	0.46%
Otsuka Holdings Co., Ltd.	UIVM +0.40 points	0.10%	0.50%
Standard Chartered PLCSTAN.L	UIVM +0.38 points	0.09%	0.47%
Bnp Paribas	UIVM +0.38 points	0.09%	0.47%
Marubeni Corporation	UIVM +0.37 points	0.06%	0.43%
Mitsubishi Corp.	UIVM +0.37 points	0.09%	0.46%
Cenovus Energy Inc.	UIVM +0.37 points	0.07%	0.44%
Glencore PLC	UIVM +0.37 points	0.07%	0.44%
Acs, Actividades De Construccion Y Servicios SA	UIVM +0.36 points	0.06%	0.42%
Aisin Seiki Co Ltd	UIVM +0.36 points	0.04%	0.40%
Rio Tinto PLCRIO.L	UIVM +0.35 points	0.07%	0.42%
Inpex Corporation	UIVM +0.34 points	0.07%	0.41%
Magna International Inc.	UIVM +0.34 points	0.07%	0.41%
Mitsubishi Chemical Group Corporation	UIVM +0.34 points	0.06%	0.40%
A.p. Moeller - Maersk A/S Class B	UIVM +0.32 points	0.08%	0.40%
Sumitomo Corporation	UIVM +0.30 points	0.08%	0.38%
Bayer Aktiengesellschaft	UIVM +0.30 points	0.09%	0.39%
Societe Generale	UIVM +0.29 points	0.07%	0.36%
Voestalpine AG	UIVM +0.29 points	0.07%	0.36%
Geely Automobile Holdings Limited	UIVM +0.27 points	0.04%	0.31%
Toyota Tsusho Corporation	UIVM +0.27 points	0.07%	0.34%
Ngk Corp	UIVM +0.26 points	0.05%	0.31%
St Microelectronics	UIVM +0.19 points	0.07%	0.26%
Hsbc Holdings PLCHSBA.L	UIVM +0.17 points	0.31%	0.48%
Panasonic	UIVM +0.16 points	0.08%	0.24%
Resonac Holdings Corporation	UIVM +0.13 points	0.06%	0.19%
Sumitomo Electric Industries, Ltd	UIVM +0.13 points	0.05%	0.18%
Jx Advanced Metals Corporation	UIVM +0.12 points	0.04%	0.16%
Furukawa Electric Ltd	UIVM +0.10 points	0.04%	0.14%
Mitsui Kinzoku	UIVM +0.09 points	0.05%	0.14%
Kioxia Holdings Corporation	UIVM +0.04 points	0.13%	0.17%

All 741 GSWO holdings⁠All 191 UIVM 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 UIVM Cost

Overpaying UIVM vs GSWO

$3,989

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

GSWO 0.15%
$3,137
UIVM 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

GSWO 0.15%
UIVM 0.35%
Overpaying

Year by year

Year	GSWO	UIVM	Overpaying
10	$274	$634	$360
20	$1,071	$2,454	$1,383
30	$3,137	$7,126	$3,989

Expense ratio

0.15%GSWO, cheaper
0.35%UIVM

GSWO0.15%UIVM0.35%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

GSWO cheapest of 30 funds

UIVM 17th cheapest of 30 funds

GSWO vs UIVM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GSWO 1.46%; UIVM 4.30%, better
Payout (12M): GSWO $0.93; UIVM $3.15
Last payment: GSWO $0.20; UIVM $0.28
Ex-dividend: GSWO Sep 24, 2026; UIVM Oct 8, 2026
Paid on: GSWO Sep 30, 2026; UIVM Oct 9, 2026
Frequency: GSWO Quarterly; UIVM Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GSWOQuarterly · 15 paymentsAll GSWO payments⁠

UIVMMonthly · 43 paymentsAll UIVM payments⁠

GSWO vs UIVM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GSWO No dataUIVM 12.7%
Return per unit of riskSharpe ratio, 3 years: GSWO No dataUIVM 1.61
Worst fallMax drawdown, 5 years: GSWO No dataUIVM −27.9%
Market sensitivityBeta, 5 years: GSWO 0.75UIVM 0.91; Market = 1

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