GSEW vs IVV
GSEW vs IVV
Goldman Sachs Equal Weight US Large Cap Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GSEW | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.03% | |
| AUM | $1.9B | $865.2B | |
| Dividend Yield | 1.38% | 1.09% | |
| Holdings | 500 | 508 | |
| YTD Return | +11.70% | +11.54% | |
| 1Y Return | +16.42% | +21.48% | |
| 3Y Return (annualized) | +16.24% | +20.86% | |
| 5Y Return (annualized) | +8.37% | +13.02% | |
| Volatility (annualized) | 17.1% | 15.1% | |
| Max Drawdown | -38.6% | -56.5% | |
| Fund Family | Goldman Sachs Asset Management | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 12, 2017 | May 15, 2000 |
GSEW vs IVV Performance
Goldman Sachs Equal Weight US Large Cap Equity ETF (GSEW) is a ETF from Goldman Sachs Asset Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GSEW returned +16.42% while IVV returned +21.48%. Year to date, GSEW is up 11.70% versus a gain of 11.54% for IVV.
Over three years, GSEW compounded at +16.24% per year against +20.86% for IVV; over five years the annualized figures are +8.37% and +13.02% respectively. Across the full 9-year window we track, GSEW has the edge at +11.80% annualized vs +6.97%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GSEW has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -38.6% for GSEW and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GSEW charges 0.09% per year while IVV charges 0.03%. On a $10,000 position that is $9 vs $3 annually, a gap of $6 per year that compounds over a long holding period. On income, GSEW currently yields 1.38% against 1.09% for IVV.
Holdings Overlap
GSEW and IVV share 378 holdings out of 587 unique holdings combined, representing a 38.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GSEW | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 0.20% | 7.76% | 7.56% |
| AAPL | 0.23% | 7.44% | 7.21% |
| MSFT | 0.20% | 4.57% | 4.37% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
See all 10 holdings GSEW shares with IVV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, GSEW or IVV?
GSEW has an expense ratio of 0.09% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, GSEW or IVV?
Over the past year GSEW returned +16.42% vs +21.48% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (9 years), GSEW annualized +11.80% vs +6.97% for IVV. Past performance does not guarantee future results.
Which is riskier, GSEW or IVV?
GSEW has been the more volatile fund at 17.1% annualized versus 15.1% for IVV. Worst drawdown: GSEW -38.6% vs IVV -56.5%.
Should I hold both GSEW and IVV?
GSEW and IVV have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between GSEW and IVV?
GSEW and IVV share 378 common holdings with a 38.5% weight overlap. Combined, they hold 587 unique securities.
Which pays a higher dividend, GSEW or IVV?
GSEW yields 1.38% while IVV yields 1.09%, so GSEW currently pays the higher dividend yield.
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