GSSC vs JPSE
Goldman Sachs ActiveBeta US Small Cap Equity ETF vs JPMorgan Diversified Return US Small Cap Equity ETF
Which is better, GSSC or JPSE?
Nearly the same fund. GSSC costs less.
GSSC has a lower expense ratio. GSSC led over 3Y and 5Y, JPSE over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. JPSE is less concentrated, with 3.6% of the fund in its ten largest positions against 3.7%.
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 | GSSC | JPSE |
|---|---|---|
| Expense Ratio | 0.20%Best | 0.29% |
| AUM | $1.0B | $573M |
| Dividend Yield | 1.00% | 1.46% |
| Holdings | 2,826 | 563 |
| YTD Return | +12.51% | +12.67%Best |
| 1Y Return | +13.47% | +13.72%Best |
| 3Y Return (annualized) | +16.80%Best | +15.13% |
| 5Y Return (annualized) | +6.56%Best | +6.44% |
| Volatility (annualized) | 19.5%Best | 20.4% |
| Max Drawdown | -42.5%Best | -43.2% |
| $10,000 over 5 years | $13,740Best | $13,662 |
| Top 10 Weight | 3.7% | 3.6%Best |
| Fund Family | Goldman Sachs Asset Management | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Small Cap Blend |
| Inception | Jun 28, 2017 | Nov 15, 2016 |
Volatility and max drawdown are measured over the window both funds cover: Jun 29, 2017 to Oct 14, 2026 (9.3 years).
GSSC vs JPSE 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 9.3 years both funds cover.
GSSC vs JPSE Performance
Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) is an ETF from Goldman Sachs Asset Management and JPMorgan Diversified Return US Small Cap Equity ETF (JPSE) is an ETF from J.P. Morgan Asset Management. Over the past year GSSC returned +13.47% while JPSE returned +13.72%. Year to date, GSSC is up 12.51% versus a gain of 12.67% for JPSE.
Over three years, GSSC compounded at +16.80% per year against +15.13% for JPSE; over five years the annualized figures are +6.56% and +6.44% respectively. Across the full 9-year window we track, JPSE has the edge at +9.22% annualized vs +9.12%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JPSE has been the more volatile fund, with annualized monthly volatility of 20.4% compared with 19.5% for GSSC. 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 -42.5% for GSSC and -43.2% for JPSE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
GSSC charges 0.20% per year while JPSE charges 0.29%. On a $10,000 position that is $20 vs $29 annually, a gap of $9 per year that compounds over a long holding period. On income, GSSC currently yields 1.00% against 1.46% for JPSE.
Holdings Overlap
43.3% of GSSC's money is in holdings JPSE also owns. 88.8% of JPSE's money is in holdings GSSC also owns.
Most of JPSE is already inside GSSC. Owning both mostly buys the same companies twice.
472 positions in common, counted across the 1,377 positions we hold weights for in GSSC and 543 in JPSE, against full books of 2,826 and 563.
What only one of them owns
Our book lists 46 positions for JPSE that do not appear in our book for GSSC (7.0% of the fund), and 847 for GSSC that do not appear in JPSE (54.2%).
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 GSSC | Weight in JPSE | Difference |
|---|---|---|---|
| TXG10x Genomics Inc Com Usd 1 Cl A | 0.69% | 0.47% | 0.22% |
| LGNDLigand Pharmaceuticals, Inc. | 0.26% | 0.35% | 0.09% |
| ALKS:IEAlkermes Plc. Ordinary Shares | 0.33% | 0.26% | 0.07% |
| VSATViasat Inc | 0.25% | 0.31% | 0.06% |
| BTSGBrightspring Health | 0.25% | 0.30% | 0.05% |
| IDTIdt Corp | 0.19% | 0.35% | 0.16% |
| PARRPar Pacific Holdings Inc | 0.22% | 0.32% | 0.10% |
| CHEFChefs' Warehouse, Inc. | 0.22% | 0.32% | 0.10% |
| UNFIUnited Natural Foods Inc | 0.25% | 0.29% | 0.04% |
| ENSEnersys | 0.27% | 0.26% | 0.01% |
88.8% of JPSE is already inside GSSC.
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, GSSC or JPSE?
GSSC has an expense ratio of 0.20% while JPSE charges 0.29%. GSSC is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, GSSC or JPSE?
Over the past year GSSC returned +13.47% vs +13.72% for JPSE, so JPSE leads on 1-year performance. Over the longest common window we track (9 years), GSSC annualized +9.12% vs +9.22% for JPSE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSSC or JPSE?
JPSE has been the more volatile fund at 20.4% annualized versus 19.5% for GSSC. Worst drawdown: GSSC -42.5% vs JPSE -43.2%.
Should I hold both GSSC and JPSE?
GSSC and JPSE have a monthly-return correlation of 0.96, 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 GSSC and JPSE?
88.8% of JPSE's money is in holdings GSSC also owns. 88.8% of JPSE's is in holdings GSSC also owns. They hold 472 positions in common, counted across the 1,377 positions we hold weights for in GSSC and 543 in JPSE.
Which pays a higher dividend, GSSC or JPSE?
GSSC yields 1.00% while JPSE yields 1.46%, so JPSE currently pays the higher dividend yield.
Is JPSE better than GSSC?
GSSC has a lower expense ratio. GSSC led over 3Y and 5Y, JPSE over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. JPSE is less concentrated, with 3.6% of the fund in its ten largest positions against 3.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.