GUSA vs SMRI
Goldman Sachs MarketBeta US 1000 Equity ETF vs Bushido Capital US Equity ETF
Which is better, GUSA or SMRI?
SMRI has been ahead.
GUSA has a lower expense ratio. SMRI led over 1Y and the full window. SMRI is less concentrated, with 21.6% of the fund in its ten largest positions against 35.3%.
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 | GUSA | SMRI |
|---|---|---|
| Expense Ratio | 0.10%Best | 0.71% |
| AUM | $2.5B | $690M |
| Dividend Yield | 0.98% | 1.50% |
| Holdings | 2,012 | 52 |
| YTD Return | +12.95% | +29.18%Best |
| 1Y Return | +16.49% | +36.86%Best |
| 3Y Return (annualized) | +21.86% | - |
| Volatility (annualized) | 12.0%Best | 16.5% |
| Max Drawdown | -19.6% | -18.1%Best |
| $10,000 over 2.7 years | $15,839 | $18,176Best |
| Top 10 Weight | 35.3% | 21.6%Best |
| Fund Family | Goldman Sachs Asset Management | Bushido Capital |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 5, 2022 | Sep 14, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Feb 7, 2024 to Oct 14, 2026 (2.7 years).
GUSA vs SMRI 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 2.7 years both funds cover.
GUSA vs SMRI Performance
Goldman Sachs MarketBeta US 1000 Equity ETF (GUSA) is an ETF from Goldman Sachs Asset Management and Bushido Capital US Equity ETF (SMRI) is an ETF from Bushido Capital. Over the past year GUSA returned +16.49% while SMRI returned +36.86%. Year to date, GUSA is up 12.95% versus a gain of 29.18% for SMRI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMRI has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 12.0% for GUSA. 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 -19.6% for GUSA and -18.1% for SMRI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GUSA charges 0.10% per year while SMRI charges 0.71%. On a $10,000 position that is $10 vs $71 annually, a gap of $61 per year that compounds over a long holding period. On income, GUSA currently yields 0.98% against 1.50% for SMRI.
Holdings Overlap
8.9% of GUSA's money is in holdings SMRI also owns. 97.9% of SMRI's money is in holdings GUSA also owns.
Most of SMRI is already inside GUSA. Owning both mostly buys the same companies twice.
49 positions in common, counted across the 1,004 positions we hold weights for in GUSA and 51 in SMRI, against full books of 2,012 and 52.
What only one of them owns
Our book lists 1 positions for SMRI that do not appear in our book for GUSA (0.1% of the fund), and 884 for GUSA that do not appear in SMRI (90.2%).
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 GUSA | Weight in SMRI | Difference |
|---|---|---|---|
| MUMicron Technology, Inc. | 1.57% | 2.05% | 0.48% |
| LLYEli Lilly & Co. | 1.35% | 1.96% | 0.61% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 0.98% | 2.06% | 1.08% |
| ACNAccenture Plc | 0.16% | 2.37% | 2.21% |
| UTHRUnited Therapeutics Corp | 0.03% | 2.36% | 2.33% |
| NFLXNetflix, Inc. | 0.46% | 1.92% | 1.46% |
| SNDKSandisk Corporation | 0.35% | 1.99% | 1.64% |
| IBMInternational Business Machines Corp. | 0.31% | 2.01% | 1.70% |
| MPCMarathon Petroleum Corp | 0.16% | 2.15% | 1.99% |
| CRMSalesforce Inc Crm Us Equity | 0.27% | 2.03% | 1.76% |
97.9% of SMRI is already inside GUSA.
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, GUSA or SMRI?
GUSA has an expense ratio of 0.10% while SMRI charges 0.71%. GUSA is the cheaper option, by $61 a year on a $10,000 investment.
Which performed better, GUSA or SMRI?
Over the past year GUSA returned +16.49% vs +36.86% for SMRI, so SMRI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GUSA or SMRI?
SMRI has been the more volatile fund at 16.5% annualized versus 12.0% for GUSA. Worst drawdown: GUSA -19.6% vs SMRI -18.1%.
Should I hold both GUSA and SMRI?
GUSA and SMRI have a monthly-return correlation of 0.67, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GUSA and SMRI?
97.9% of SMRI's money is in holdings GUSA also owns. 97.9% of SMRI's is in holdings GUSA also owns. They hold 49 positions in common, counted across the 1,004 positions we hold weights for in GUSA and 51 in SMRI.
Which pays a higher dividend, GUSA or SMRI?
GUSA yields 0.98% while SMRI yields 1.50%, so SMRI currently pays the higher dividend yield.
Is SMRI better than GUSA?
GUSA has a lower expense ratio. SMRI led over 1Y and the full window. SMRI is less concentrated, with 21.6% of the fund in its ten largest positions against 35.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.