GSSC vs PSC
Goldman Sachs ActiveBeta US Small Cap Equity ETF vs Principal U.S. Small-Cap Multi-Factor ETF
Which is better, GSSC or PSC?
Nearly the same fund. GSSC costs less.
GSSC has a lower expense ratio. PSC led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. GSSC is less concentrated, with 3.7% of the fund in its ten largest positions against 9.2%.
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 | PSC |
|---|---|---|
| Expense Ratio | 0.20%Best | 0.38% |
| AUM | $1.0B | $2.7B |
| Dividend Yield | 1.00% | 0.54% |
| Holdings | 2,826 | 986 |
| YTD Return | +12.51% | +15.67%Best |
| 1Y Return | +13.47% | +18.73%Best |
| 3Y Return (annualized) | +16.80% | +19.35%Best |
| 5Y Return (annualized) | +6.56% | +8.60%Best |
| Volatility (annualized) | 19.5%Best | 21.4% |
| Max Drawdown | -42.5%Best | -47.9% |
| $10,000 over 5 years | $13,740 | $15,106Best |
| Top 10 Weight | 3.7%Best | 9.2% |
| Fund Family | Goldman Sachs Asset Management | Principal Funds |
| Category | Equity | Equity |
| Style | Small Cap Blend | Small Cap Blend |
| Inception | Jun 28, 2017 | Sep 21, 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 PSC 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 PSC Performance
Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) is an ETF from Goldman Sachs Asset Management and Principal U.S. Small-Cap Multi-Factor ETF (PSC) is an ETF from Principal Funds. Over the past year GSSC returned +13.47% while PSC returned +18.73%. Year to date, GSSC is up 12.51% versus a gain of 15.67% for PSC.
Over three years, GSSC compounded at +16.80% per year against +19.35% for PSC; over five years the annualized figures are +6.56% and +8.60% respectively. Across the full 9-year window we track, PSC has the edge at +10.07% annualized vs +9.12%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSC has been the more volatile fund, with annualized monthly volatility of 21.4% 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 -47.9% for PSC. 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
GSSC charges 0.20% per year while PSC charges 0.38%. On a $10,000 position that is $20 vs $38 annually, a gap of $18 per year that compounds over a long holding period. On income, GSSC currently yields 1.00% against 0.54% for PSC.
Holdings Overlap
44.7% of GSSC's money is in holdings PSC also owns. 91.6% of PSC's money is in holdings GSSC also owns.
Most of PSC is already inside GSSC. Owning both mostly buys the same companies twice.
444 positions in common, counted across the 1,377 positions we hold weights for in GSSC and 489 in PSC, against full books of 2,826 and 986.
What only one of them owns
Our book lists 39 positions for PSC that do not appear in our book for GSSC (6.9% of the fund), and 877 for GSSC that do not appear in PSC (52.9%).
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 PSC | Difference |
|---|---|---|---|
| TXG10x Genomics Inc Com Usd 1 Cl A | 0.69% | 1.29% | 0.60% |
| TWSTTwist Bioscience Corp. | 0.27% | 1.28% | 1.01% |
| ZETAZeta Global Holdings Corp-A | 0.32% | 1.11% | 0.79% |
| WTWisdomtree Investments Inc | 0.19% | 0.98% | 0.79% |
| MRX:LNMarex Group Plc | 0.18% | 0.81% | 0.63% |
| EATBrinker Intl Inc | 0.17% | 0.79% | 0.62% |
| FCFSFirstcash Inc | 0.22% | 0.69% | 0.47% |
| BFHBread Financial Holdings, Inc. | 0.19% | 0.70% | 0.51% |
| FRSHFreshworks Inc-Cl A | 0.03% | 0.85% | 0.82% |
| SNEXStonex Group Inc | 0.28% | 0.59% | 0.31% |
91.6% of PSC 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 PSC?
GSSC has an expense ratio of 0.20% while PSC charges 0.38%. GSSC is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, GSSC or PSC?
Over the past year GSSC returned +13.47% vs +18.73% for PSC, so PSC leads on 1-year performance. Over the longest common window we track (9 years), GSSC annualized +9.12% vs +10.07% for PSC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSSC or PSC?
PSC has been the more volatile fund at 21.4% annualized versus 19.5% for GSSC. Worst drawdown: GSSC -42.5% vs PSC -47.9%.
Should I hold both GSSC and PSC?
GSSC and PSC 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 GSSC and PSC?
91.6% of PSC's money is in holdings GSSC also owns. 91.6% of PSC's is in holdings GSSC also owns. They hold 444 positions in common, counted across the 1,377 positions we hold weights for in GSSC and 489 in PSC.
Which pays a higher dividend, GSSC or PSC?
GSSC yields 1.00% while PSC yields 0.54%, so GSSC currently pays the higher dividend yield.
Is PSC better than GSSC?
GSSC has a lower expense ratio. PSC led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. GSSC is less concentrated, with 3.7% of the fund in its ten largest positions against 9.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.