GSEW vs SPY
Comparison between GOLDMAN SACHS EQUAL WEIGHT U.S. LARGE CAP EQUITY ETF (GSEW, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed GSEW, delivering a return of +13.3% compared to +8.3%
GSEW vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GSEW
$1.60B
Winner
SPY
$652B
Expense Ratio
GSEW
0.09%
SPY
0.09%
Max Drawdown
Winner
GSEW
38.65%
SPY
56.47%
Sharpe Ratio
GSEW
1.32
Winner
SPY
2.07
5Y Beta
Winner
GSEW
0.84
SPY
1.00
P/E Ratio
Winner
GSEW
28.07
SPY
28.24
Forward P/E
Winner
GSEW
18.19
SPY
21.85
5Y Dividends CAGR
Winner
GSEW
8.05%
SPY
5.43%
5Y EPS CAGR
GSEW
13.63%
Winner
SPY
25.79%
Debt to Equity
GSEW
37.40%
Winner
SPY
22.35%
P/S Ratio
Winner
GSEW
2.11
SPY
3.55
P/B Ratio
Winner
GSEW
3.56
SPY
5.29
GSEW vs SPY - Holdings Comparison
GSEW and SPY have 428 common holdings. Overlap is 43.75%
GSEW's top 25 holdings weight is 7.10%. SPY's top 25 holdings weight is 51.32%.
| Rank | GSEW | SPY |
|---|---|---|
| #1 | BLOOM ENERGY CORP CLASS A (BE) - 0.40% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | INTEL CORP (INTC) - 0.38% | APPLE INC (AAPL) - 6.48% |
| #3 | ASTERA LABS INC (ALAB) - 0.35% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | CENTENE CORP (CNC) - 0.31% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | ON SEMICONDUCTOR CORP (ON) - 0.30% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | ADVANCED MICRO DEVICES INC (AMD) - 0.30% | BROADCOM INC (AVGO) - 3.09% |
| #7 | SANDISK CORP ORDINARY SHARES (SNDK) - 0.29% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 0.29% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | COREWEAVE INC ORDINARY SHARES CLASS A (CRWV) - 0.28% | TESLA INC (TSLA) - 1.73% |
| #10 | MARVELL TECHNOLOGY INC (MRVL) - 0.28% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | IONQ INC CLASS A (IONQ) - 0.28% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | HUMANA INC (HUM) - 0.27% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | REVOLUTION MEDICINES INC ORDINARY SHARES (RVMD) - 0.27% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | WESTERN DIGITAL CORP (WDC) - 0.27% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | GLOBALFOUNDRIES INC (GFS) - 0.27% | WALMART INC (WMT) - 0.91% |
| #16 | MONOLITHIC POWER SYSTEMS INC (MPWR) - 0.26% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | UNITEDHEALTH GROUP INC (UNH) - 0.26% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | n/a (AFRM) - 0.26% | VISA INC CLASS A (V) - 0.85% |
| #19 | TEXAS INSTRUMENTS INC (TXN) - 0.26% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | ARISTA NETWORKS INC (ANET) - 0.26% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | MICRON TECHNOLOGY INC (MU) - 0.26% | INTEL CORP (INTC) - 0.65% |
| #22 | MICROCHIP TECHNOLOGY INC (MCHP) - 0.26% | NETFLIX INC (NFLX) - 0.64% |
| #23 | UNITED RENTALS INC (URI) - 0.25% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | BROADCOM INC (AVGO) - 0.25% | CHEVRON CORP (CVX) - 0.58% |
| #25 | INVESCO S&P 500® EQUAL WEIGHT ETF (RSP) - 0.24% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 502 | 505 |
GSEW vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
GSEW
+3.66%
Winner
SPY
+9.11%
3M
GSEW
+2.26%
Winner
SPY
+6.59%
6M
GSEW
+8.80%
Winner
SPY
+10.56%
1Y
GSEW
+20.56%
Winner
SPY
+32.04%
5Y(CAGR)
GSEW
+8.32%
Winner
SPY
+13.35%
10Y(CAGR)
GSEW
+11.53%
Winner
SPY
+15.49%
Max(CAGR)
Winner
GSEW
+11.53%
SPY
+8.50%
GSEW vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GSEW | SPY |
|---|---|---|
| 2026 | +6.04% | +8.27% |
| 2025 | +12.14% | +18.00% |
| 2024 | +17.29% | +25.59% |
| 2023 | +18.22% | +26.72% |
| 2022 | -17.41% | -18.64% |
| 2021 | +27.40% | +30.52% |
| 2020 | +15.63% | +17.28% |
| 2019 | +30.68% | +31.09% |
| 2018 | -8.48% | -5.24% |
| 2017 | +7.67% | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
GSEW vs SPY Drawdown Comparison
The maximum drawdown for GSEW was -38.65%, occurring on Mar 23, 2020. Recovery took 163 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current GSEW drawdown is -0.85%.
| Rank | GSEW | SPY |
|---|---|---|
| #1 | -38.65% Feb 19, 2020 - Oct 9, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -25.75% Nov 16, 2021 - Feb 29, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -19.64% Sep 21, 2018 - Apr 12, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -18.18% Nov 25, 2024 - Jul 1, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -9.80% Jan 26, 2018 - Aug 21, 2018 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -7.72% Feb 26, 2026 - Apr 17, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -6.40% Jul 24, 2019 - Oct 28, 2019 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -6.29% Oct 12, 2020 - Nov 5, 2020 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -6.15% Oct 27, 2025 - Dec 11, 2025 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.14% Apr 30, 2019 - Jun 20, 2019 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -5.83% Jul 16, 2024 - Aug 19, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -5.67% Mar 28, 2024 - Jul 12, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -4.88% Sep 2, 2021 - Oct 20, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.48% Jan 20, 2021 - Feb 5, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.18% Feb 24, 2021 - Mar 11, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GSEW and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
GSEW vs SPY dividend yield comparison.
| Year | GSEW | SPY |
|---|---|---|
| 2026 | 0.30% | 0.24% |
| 2025 | 1.52% | 1.07% |
| 2024 | 1.46% | 1.21% |
| 2023 | 1.64% | 1.40% |
| 2022 | 1.73% | 1.65% |
| 2021 | 1.34% | 1.20% |
| 2020 | 1.53% | 1.52% |
| 2019 | 1.66% | 1.75% |
| 2018 | 1.56% | 2.04% |
| 2017 | 0.54% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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