GSEW vs VOO
Goldman Sachs Equal Weight US Large Cap Equity ETF vs Vanguard S&P 500 ETF
Which is better, GSEW or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. GSEW is less concentrated, with 2.3% of the fund in its ten largest positions against 37.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GSEW | VOO |
|---|---|---|
| Expense Ratio | 0.09% | 0.03%Best |
| AUM | $2.0B | $1.0T |
| Dividend Yield | 1.34% | 1.04% |
| Holdings | 499 | 506 |
| YTD Return | +11.22% | +14.82%Best |
| 1Y Return | +13.40% | +18.67%Best |
| 3Y Return (annualized) | +17.95% | +22.93%Best |
| 5Y Return (annualized) | +8.39% | +13.91%Best |
| Volatility (annualized) | 17.1% | 16.1%Best |
| Max Drawdown | -38.6% | -34.3%Best |
| $10,000 over 5 years | $14,960 | $19,178Best |
| Top 10 Weight | 2.3%Best | 37.6% |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 12, 2017 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 14, 2017 to Oct 13, 2026 (9.1 years).
GSEW vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.1 years both funds cover.
GSEW vs VOO Performance
Goldman Sachs Equal Weight US Large Cap Equity ETF (GSEW) is an ETF from Goldman Sachs Asset Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year GSEW returned +13.40% while VOO returned +18.67%. Year to date, GSEW is up 11.22% versus a gain of 14.82% for VOO.
Over three years, GSEW compounded at +17.95% per year against +22.93% for VOO; over five years the annualized figures are +8.39% and +13.91% respectively. Across the full 9-year window we track, VOO has the edge at +14.33% annualized vs +11.49%.
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 16.1% 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 -38.6% for GSEW and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 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, GSEW currently yields 1.34% against 1.04% for VOO.
Holdings Overlap
81.6% of GSEW's money is in holdings VOO also owns. 94.7% of VOO's money is in holdings GSEW also owns.
Most of VOO is already inside GSEW. Owning both mostly buys the same companies twice.
The two holdings books were reported 46 days apart, GSEW as of Sep 15, 2026 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
408 positions in common, counted across the 498 positions we hold weights for in GSEW and 494 in VOO, against full books of 499 and 506.
What only one of them owns
Our book lists 81 positions for VOO that do not appear in our book for GSEW (4.3% of the fund), and 77 for GSEW that do not appear in VOO (15.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GSEW | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 0.20% | 7.55% | 7.35% |
| AAPLApple, Inc | 0.20% | 7.05% | 6.85% |
| MSFTMicrosoft Corp | 0.20% | 5.36% | 5.16% |
| AMZNAmazon.Com Inc | 0.20% | 4.13% | 3.93% |
| GOOGLAlphabet Inc,class A | 0.20% | 3.24% | 3.04% |
| AVGOBroadcom Inc | 0.20% | 2.86% | 2.66% |
| METAMeta Platforms Inc | 0.22% | 1.90% | 1.68% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 0.20% | 1.46% | 1.26% |
| JPMJpmorgan Chase | 0.20% | 1.46% | 1.26% |
| MUMicron Technology, Inc. | 0.21% | 1.44% | 1.23% |
94.7% of VOO is already inside GSEW.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GSEW or VOO?
GSEW has an expense ratio of 0.09% while VOO charges 0.03%. VOO is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, GSEW or VOO?
Over the past year GSEW returned +13.40% vs +18.67% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (9 years), GSEW annualized +11.49% vs +14.33% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSEW or VOO?
GSEW has been the more volatile fund at 17.1% annualized versus 16.1% for VOO. Worst drawdown: GSEW -38.6% vs VOO -34.3%.
Should I hold both GSEW and VOO?
GSEW and VOO have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between GSEW and VOO?
94.7% of VOO's money is in holdings GSEW also owns. 94.7% of VOO's is in holdings GSEW also owns. They hold 408 positions in common, counted across the 498 positions we hold weights for in GSEW and 494 in VOO.
Which pays a higher dividend, GSEW or VOO?
GSEW yields 1.34% while VOO yields 1.04%, so GSEW currently pays the higher dividend yield.
Is VOO better than GSEW?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. GSEW is less concentrated, with 2.3% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.