GUSE vs TGRW: Grades, Fees and Holdings Compared

Goldman Sachs Enhanced U.S. Equity ETF

GUSEANasdaq

T. Rowe Price Growth Stock ETF

TGRWCNYSE Arca

Overlap

44.9%by weight

Expense ratio

GUSE −0.22pt a year

GUSE0.30%TGRW0.52%

Avg volume · 30D

TGRW 2.1×the volume

GUSE24.9KTGRW51.3K

GUSE vs TGRW Performance

Dec 31, 2025 – Oct 30, 2026

+11.8%GUSE−2.0%TGRW

Expense ratio: GUSE 0.30%, better; TGRW 0.52%
Fund size: GUSE $421M; TGRW $1.1B
1Y total return: GUSE No data; TGRW −4.6%
Yield (12M): GUSE No data; TGRW 0.00%
Holdings: GUSE 122; TGRW 70
Avg volume (30D): GUSE 24.9K sh; TGRW 51.3K sh, better
NAV per share: GUSE $46.05; TGRW $45.05
52W range

ETF.net Grade

Pillar letters and Scores for GUSE, TGRW, with each pillar’s weight
Pillar	GUSE	TGRW
Cost30% weight	A97Higher	B55
Mission25% weight	Not scored	Not scored
Risk15% weight	A94Higher	D39
Tradability15% weight	C46	B66Higher
Holdings10% weight	A89Higher	D37
Durability5% weight	A85	A86Higher

Rank among US Active Growth funds

How we build Categories ›

Same Category. GUSE and TGRW are both graded against the same 90 US Active Growth funds, so their Grades compare head to head.

US Active Growth⁠

Category · 90 funds

See all 90 ›

GUSE ranks 2nd and TGRW 38th of 90 funds in the US Active Growth Category.

Rank 1AJUSAJPMorgan U.S. Research Enhanced Large Cap ETFScore 86
Rank 2AGUSEGoldman Sachs Enhanced U.S. Equity ETFScore 84
Rank 3ALRGCAB US Large Cap Strategic Equities ETFScore 81
Rank 38CTCHPT. Rowe Price Blue Chip Growth ETFScore 53
Rank 38CTGRWT. Rowe Price Growth Stock ETFScore 53
Rank 41CBRIFFIS Bright Portfolios Focused Equity ETFScore 52

Our read on each fund

ETF.net Research

GUSEAGoldman Sachs Enhanced U.S. Equity ETF

TGRWCT. Rowe Price Growth Stock ETF

In short

GUSE Goldman's fundamental stock pickers hunting long-term growth in US companies, for 0.30% a year. The strategy dates to 2008 and charges well under the typical active US growth fund.

TGRW T. Rowe Price's first swing at active ETFs, and it doesn't show its cards. TGRW runs a concentrated growth portfolio while publishing a proxy basket instead of a daily holdings list.

Stated mandate

GUSE The Fund seeks long-term growth of capital by investing in companies that the Investment Adviser believes are positioned for long-term growth.

TGRW The fund seeks long-term capital growth, with income as a secondary objective.

Why people hold it

GUSE Charges 0.30% a year, against a 0.54% median for its active US growth cohort. Cheap, for stock picking.
Actively run with no index to shadow. Managers hold companies they judge positioned for long-term growth, so the portfolio can look different from a large-cap benchmark.
Inception dates to 2008, so the strategy has run through multiple market cycles, not one long rally.
One of the stronger implementations in a crowded field of active US growth funds.

TGRW Semi-transparent by design: instead of daily holdings, it publishes a proxy portfolio built to track the real book closely, keeping the manager's picks out of public view.troweprice.com
A concentrated lineup of roughly 70 stocks picked for earnings and cash flow growth, not an index tracker with a fee stapled on.troweprice.com
At 0.52%, it comes in under the typical fund in its conviction-growth peer group, and it sits in the upper half of that group overall.
Live since 2020, run by a firm whose reputation was built on hands-on growth stock research rather than index licensing.troweprice.com

Worth knowing

GUSE Trades thinly next to the category's heavyweights. Spreads can be wider, which bites most on large or hurried orders.
Two peers in the same top tier undercut it on fee: JUSA at 0.12% and FELG at 0.18%. Price is not where this one stands out.
Distributions land once or twice a year, not monthly. Growth of capital is the stated goal, not an income stream.

TGRW Thinly traded next to index heavyweights. T. Rowe itself notes that traders given less holdings information tend to charge more, so the buy/sell gap can widen.troweprice.com
Cheaper large-cap growth rivals exist: FELG charges 0.18% and JUSA 0.12%, though both lean on enhanced-index machinery rather than a concentrated stock-picker's book.
Growth comes first here. Income is only a secondary objective, and the fund's distribution schedule is annual.

Full GUSE profile⁠

Full TGRW profile⁠

GUSE vs TGRW Holdings

How GUSE and TGRW differ

Overlap by weight

44.9%

Shared holdings make up 82.9% of TGRW and 50.5% of GUSE.

Level by level

Holdings35 in both44.9%
Countryby domicile97.0%
Asset classEquity100%

Sector

No Sector split for GUSE.

Country, concentration and asset class

Country by domicile

Country weights in GUSE and TGRW, widest gap first
Country	More in GUSEMore in TGRW	GUSE	TGRW
United States	GUSE +2.5 points	98.9%	96.3%
Netherlands	TGRW +0.9 points	0.0%	0.8%
Canada	TGRW +0.7 points	0.0%	0.7%
Taiwan	TGRW +0.6 points	0.6%	1.2%
Other countries (4)	TGRW +0.5 points	0.5%	0.9%

Concentration

Weight in the 10 largest Holdings

GUSE34.6%
TGRW63.4%

Securities held

GUSE121
TGRW70

Asset class

GUSE: Equity
TGRW: Equity

Holdings

Only in GUSE86
In both35
Only in TGRW35

Only in GUSE

86 securities, 47.7% of GUSE by weight

Coca-Cola Company (The)1.81%
Alphabet Inc.1.77%
JPMorgan Chase & Co1.66%
Berkshire Hathaway Inc.1.61%
Conocophillips1.41%
Exxonmobil Holdings Corporation1.20%
Linde PLC1.17%
Walmart Inc1.07%
Tjx Companies Inc (New)1.02%
Agilent Technologies, Inc.1.02%
Johnson & Johnson0.93%
Netapp, Inc.0.85%
Merck & Co., Inc.0.81%
Bank of America Corp0.80%
Vertex Pharmaceuticals Incorporated0.79%
Phillips 660.78%
The Procter & Gamble Company0.76%
Intercontinental Exchange Inc0.75%
Ameren Corporation0.73%
Palo Alto Networks Inc.0.72%
Starbucks Corp.0.65%
Cencora Inc0.62%
Csx Corporation0.62%
Atmos Energy Corporation0.60%
Kla Corp0.59%
Intl Business Machines Corp0.58%
Cadence Design Systems Inc0.57%
The Home Depot, Inc.0.57%
Allstate Corporation0.56%
American Intl Group, Inc.0.55%
Western Digital Corporation0.54%
Motorola Solutions Inc0.53%
Rtx Corp0.53%
S&P Global Inc.0.53%
Repligen Corp0.51%
Coca-Cola European Partners PLC0.48%
Wintrust Financial Corporation0.47%
Cheniere Energy, Inc.0.47%
Xcel Energy Inc.0.47%
Prologis Inc0.47%
Intuit Inc0.47%
Global Payments Inc.0.46%
Edwards Lifesciences Corporation0.46%
Citigroup Inc.0.45%
American Homes 4 Rent Llc0.45%
Quest Diagnostics Incorporated0.44%
Eaton Corp PLC0.44%
Blackstone Group Inc/The0.43%
Constellation Energy Corp0.42%
Dell Technologies Inc.0.41%

Only in TGRW

35 securities, 17.1% of TGRW by weight

Lam Research1.65%
Crowdstrike Holdings1.31%
Netflix1.13%
ASML Holding0.88%
ServiceNow0.86%
Intuitive Surgical0.81%
Howmet Aerospace0.77%
Carvana0.73%
Shopify0.70%
Spotify Technology0.69%
Welltower0.65%
Booking Holdings0.60%
DoorDash0.50%
Argenx0.42%
Linde0.41%
Boeing0.41%
Oracle0.41%
Teledyne Technologies0.40%
Chubb0.34%
MercadoLibre0.34%
Heico0.34%
Sea0.30%
Stryker0.29%
Ferrari0.27%
Ciena0.26%
Thermo Fisher Scientific0.25%
Wabtec0.23%
Fabrinet0.22%
Danaher0.19%
Chipotle Mexican Grill0.18%
Kymera therapeutics0.16%
Cerebras Systems0.15%
Sherwin-Williams0.10%
Natera0.10%
Marsh & McLennan0.03%

Weight gaps

All 35 Holdings in both funds, largest gap first.

Holding weights in GUSE and TGRW, widest gap first
Holding	More in GUSEMore in TGRW	GUSE	TGRW
NVIDIA CorporationNVDA	TGRW +9.28 points	7.53%	16.81%
Alphabet Inc.GOOGL	TGRW +8.43 points	2.76%	11.19%
Broadcom Inc.AVGO	TGRW +3.01 points	2.39%	5.40%
Advanced Micro Devices Inc.AMD	TGRW +2.74 points	1.57%	4.30%
Amazon.com IncAMZN	GUSE +2.57 points	4.07%	1.50%
Meta Platforms Inc-Class AMETA	TGRW +2.02 points	2.14%	4.16%
Apple Inc.AAPL	TGRW +1.73 points	5.13%	6.86%
Micron Technology, Inc.MU	TGRW +1.58 points	1.77%	3.35%
Eli Lilly & CoLLY	TGRW +1.21 points	2.00%	3.21%
Visa Inc.V	TGRW +1.14 points	1.14%	2.28%
Snowflake Inc.SNOW	TGRW +1.06 points	0.28%	1.34%
General Electric CompanyGE	TGRW +0.90 points	0.73%	1.63%
Microsoft CorporationMSFT	TGRW +0.79 points	4.97%	5.76%
Applied Materials IncAMAT	TGRW +0.73 points	0.73%	1.46%
UnitedHealth Group IncorporatedUNH	GUSE +0.65 points	0.89%	0.24%
Taiwan Semiconductor Mfg Ads-AdrTSM	TGRW +0.62 points	0.59%	1.21%
Tesla Inc.TSLA	TGRW +0.60 points	1.77%	2.37%
T-Mobile Us, Inc.TMUS	GUSE +0.58 points	0.60%	0.02%
Amphenol Corp Cl-A (New)APH	TGRW +0.52 points	0.50%	1.02%
Space Exploration Technologies Corp.SPCX	TGRW +0.50 points	0.20%	0.70%
Costco Wholesale CorporationCOST	GUSE +0.48 points	0.57%	0.09%
Vertiv Holdings LlcVRT	TGRW +0.45 points	0.20%	0.65%
Mastercard IncorporatedMA	TGRW +0.41 points	1.43%	1.84%
Old Dominion Freight Line, Inc.ODFL	GUSE +0.29 points	0.53%	0.24%
Charles Schwab CorporationSCHW	GUSE +0.23 points	0.33%	0.10%
Arista Networks, Inc.ANET	GUSE +0.18 points	0.48%	0.30%
Intel CorporationINTC	GUSE +0.16 points	0.78%	0.62%
Palantir Technologies Inc.PLTR	GUSE +0.16 points	0.88%	0.72%
Cintas CorporationCTAS	GUSE +0.16 points	0.75%	0.59%
Ge Vernova LlcGEV	TGRW +0.10 points	0.52%	0.62%
Morgan StanleyMS	GUSE +0.09 points	0.50%	0.41%
Hilton Worldwide Holdings Inc.HLT	TGRW +0.09 points	0.50%	0.59%
Samsara Inc.IOT	TGRW +0.04 points	0.21%	0.25%
Caterpillar Inc (Delaware)CAT	TGRW +0.04 points	0.69%	0.73%
Live Nation Entertainment IncLYV	TGRW +0.02 points	0.33%	0.35%

All 121 GUSE holdings⁠All 73 TGRW 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.

GUSE vs TGRW Cost

Overpaying TGRW vs GUSE

$4,202

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

GUSE 0.30%
$6,149
TGRW 0.52%
$10,351

Amount$10,000

Years30 years

Cost over time

GUSE 0.30%
TGRW 0.52%
Overpaying

Year by year

Year	GUSE	TGRW	Overpaying
10	$545	$935	$390
20	$2,113	$3,593	$1,480
30	$6,149	$10,351	$4,202

Expense ratio

0.30%GUSE, cheaper
0.52%TGRW

GUSE0.30%TGRW0.52%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

GUSE 3rd cheapest of 90 funds

TGRW 41st cheapest of 90 funds

GUSE vs TGRW Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GUSE No data; TGRW 0.00%
Payout (12M): GUSE No data; TGRW None
Last payment: GUSE $0.30; TGRW No data
Ex-dividend: GUSE Dec 23, 2025; TGRW No data
Paid on: GUSE Dec 30, 2025; TGRW No data
Frequency: GUSE Irregular; TGRW No data

Distribution history

Per share, 2020 to 2026, same scale for both

GUSEIrregular · 1 paymentAll GUSE payments⁠

TGRW3 paymentsAll TGRW payments⁠

GUSE vs TGRW Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GUSE No dataTGRW 17.5%
Return per unit of riskSharpe ratio, 3 years: GUSE No dataTGRW 0.83
Worst fallMax drawdown, 5 years: GUSE No dataTGRW −43.3%
Market sensitivityBeta, 5 years: GUSE 0.93TGRW 1.22; Market = 1

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