GSLC vs VOO
GSLC vs VOO
Goldman Sachs ActiveBeta US Large Cap Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GSLC | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.03% | |
| AUM | $14.9B | $979.0B | |
| Dividend Yield | 0.95% | 1.09% | |
| Holdings | 436 | 509 | |
| YTD Return | +9.75% | +11.51% | |
| 1Y Return | +17.80% | +21.46% | |
| 3Y Return (annualized) | +19.43% | +20.86% | |
| 5Y Return (annualized) | +11.65% | +13.01% | |
| Volatility (annualized) | 14.9% | 14.1% | |
| Max Drawdown | -33.7% | -34.3% | |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 17, 2015 | Sep 7, 2010 |
GSLC vs VOO Performance
Goldman Sachs ActiveBeta US Large Cap Equity ETF (GSLC) is a ETF from Goldman Sachs Asset Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year GSLC returned +17.80% while VOO returned +21.46%. Year to date, GSLC is up 9.75% versus a gain of 11.51% for VOO.
Over three years, GSLC compounded at +19.43% per year against +20.86% for VOO; over five years the annualized figures are +11.65% and +13.01% respectively. Across the full 11-year window we track, VOO has the edge at +13.44% annualized vs +13.23%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GSLC has been the more volatile fund, with annualized monthly volatility of 14.9% compared with 14.1% for VOO. 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 -33.7% for GSLC and -34.3% for VOO. 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 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GSLC charges 0.09% per year while VOO 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, GSLC currently yields 0.95% against 1.09% for VOO.
Holdings Overlap
GSLC and VOO share 370 holdings out of 561 unique holdings combined, representing a 73.3% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in GSLC | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 7.43% | 7.51% | 0.08% |
| AAPL | 7.67% | 6.59% | 1.08% |
| MSFT | 4.27% | 4.30% | 0.03% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings GSLC shares with VOO 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, GSLC or VOO?
GSLC has an expense ratio of 0.09% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, GSLC or VOO?
Over the past year GSLC returned +17.80% vs +21.46% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (11 years), GSLC annualized +13.23% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, GSLC or VOO?
GSLC has been the more volatile fund at 14.9% annualized versus 14.1% for VOO. Worst drawdown: GSLC -33.7% vs VOO -34.3%.
Should I hold both GSLC and VOO?
GSLC and VOO have a monthly-return correlation of 1.00, 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 GSLC and VOO?
GSLC and VOO share 370 common holdings with a 73.3% weight overlap. Combined, they hold 561 unique securities.
Which pays a higher dividend, GSLC or VOO?
GSLC yields 0.95% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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