GSLC vs SPSM

Comparison between GOLDMAN SACHS ACTIVEBETA(R) U.S. LARGE CAP EQUITY ETF (GSLC, ETF) and SPDR(R) PORTFOLIO S&P 600 SMALL CAP ETF (SPSM, ETF).

5-Year PerformanceGSLC has outperformed SPSM, delivering a return of +12.2% compared to +5.9%

GSLC vs SPSM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GSLC(ETF)	SPSM(ETF)
Net Assets	$14B	$14B
Expense Ratio	0.09%	0.03%
Max Drawdown	33.69%	44.40%
Sharpe Ratio	1.74	1.68
5Y Beta	0.96	1.02
P/E Ratio	26.95	39.79
Forward P/E	20.65	15.39
PEG Ratio	0.37	N/A
5Y Dividends CAGR	5.97%	9.59%
5Y EPS CAGR	27.50%	13.67%
Debt to Equity	40.90%	N/A
P/S Ratio	2.65	1.12
P/B Ratio	4.80	1.96

Net Assets

GSLC

$14B

Winner

SPSM

$14B

Expense Ratio

GSLC

0.09%

Winner

SPSM

0.03%

Max Drawdown

Winner

GSLC

33.69%

SPSM

44.40%

Sharpe Ratio

Winner

GSLC

1.74

SPSM

1.68

5Y Beta

Winner

GSLC

0.96

SPSM

1.02

P/E Ratio

Winner

GSLC

26.95

SPSM

39.79

Forward P/E

GSLC

20.65

Winner

SPSM

15.39

PEG Ratio

GSLC

0.37

SPSM

N/A

5Y Dividends CAGR

GSLC

5.97%

Winner

SPSM

9.59%

5Y EPS CAGR

Winner

GSLC

27.50%

SPSM

13.67%

Debt to Equity

GSLC

40.90%

SPSM

N/A

P/S Ratio

GSLC

2.65

Winner

SPSM

1.12

P/B Ratio

GSLC

4.80

Winner

SPSM

1.96

GSLC vs SPSM - Holdings Comparison

GSLC and SPSM have 1 common holdings. Overlap is 0.00%

GSLC's top 25 holdings weight is 44.82%. SPSM's top 25 holdings weight is 11.96%.

Rank	GSLC	SPSM
#1	NVIDIA CORP (NVDA) - 8.26%	SANMINA CORP (SANM) - 0.71%
#2	APPLE INC (AAPL) - 6.42%	FORMFACTOR INC (FORM) - 0.62%
#3	MICROSOFT CORP (MSFT) - 4.91%	VIAVI SOLUTIONS INC (VIAV) - 0.60%
#4	AMAZON.COM INC (AMZN) - 3.91%	MOLINA HEALTHCARE INC (MOH) - 0.57%
#5	ALPHABET INC CLASS A (GOOGL) - 3.23%	PRIMORIS SERVICES CORP (PRIM) - 0.55%
#6	BROADCOM INC (AVGO) - 2.68%	ELEMENT SOLUTIONS INC (ESI) - 0.53%
#7	META PLATFORMS INC CLASS A (META) - 2.44%	MATCH GROUP INC ORDINARY SHARES NEW (MTCH) - 0.52%
#8	ALPHABET INC CLASS C (GOOG) - 1.62%	ARGAN INC (AGX) - 0.52%
#9	JPMORGAN CHASE & CO (JPM) - 1.23%	SEMTECH CORP (SMTC) - 0.52%
#10	TESLA INC (TSLA) - 1.10%	LUMEN TECHNOLOGIES INC ORDINARY SHARES (LUMN) - 0.49%
#11	WALMART INC (WMT) - 1.02%	JACKSON FINANCIAL INC (JXN) - 0.49%
#12	ELI LILLY AND CO (LLY) - 0.96%	EASTMAN CHEMICAL CO (EMN) - 0.49%
#13	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.94%	ESCO TECHNOLOGIES INC (ESE) - 0.49%
#14	VISA INC CLASS A (V) - 0.81%	LKQ CORP (LKQ) - 0.48%
#15	JOHNSON & JOHNSON (JNJ) - 0.76%	VIASAT INC (VSAT) - 0.47%
#16	MASTERCARD INC CLASS A (MA) - 0.73%	ZURN ELKAY WATER SOLUTIONS CORP (ZWS) - 0.46%
#17	EXXON MOBIL CORP (XOM) - 0.69%	ARMSTRONG WORLD INDUSTRIES INC (AWI) - 0.44%
#18	COSTCO WHOLESALE CORP (COST) - 0.64%	STONEX GROUP INC (SNEX) - 0.44%
#19	LAM RESEARCH CORP (LRCX) - 0.56%	POWELL INDUSTRIES INC (POWL) - 0.44%
#20	WESTERN DIGITAL CORP (WDC) - 0.54%	QORVO INC (QRVO) - 0.43%
#21	IDEXX LABORATORIES INC (IDXX) - 0.28%	FIRST BANCORP (FBP) - 0.38%
#22	PHILIP MORRIS INTERNATIONAL INC (PM) - 0.28%	MOHAWK INDUSTRIES INC (MHK) - 0.33%
#23	ADOBE INC (ADBE) - 0.27%	MATSON INC (MATX) - 0.33%
#24	SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 0.27%	MACERICH CO (MAC) - 0.33%
#25	ROLLINS INC (ROL) - 0.27%	KODIAK GAS SERVICES INC (KGS) - 0.33%
Total Holdings	404	570

GSLC vs SPSM - Historical Returns

Returns include dividend reinvestment.

Period	GSLC	SPSM
1 month	+7.56%	+6.62%
3 months	+4.77%	+4.99%
6 months	+8.02%	+18.05%
1 year	+26.62%	+35.48%
5 years(CAGR)	+12.22%	+5.87%
10 years(CAGR)	+14.57%	+11.19%
Max(CAGR)	+14.12%	+9.81%

Winner

GSLC

+7.56%

SPSM

+6.62%

GSLC

+4.77%

Winner

SPSM

+4.99%

GSLC

+8.02%

Winner

SPSM

+18.05%

GSLC

+26.62%

Winner

SPSM

+35.48%

5Y(CAGR)

Winner

GSLC

+12.22%

SPSM

+5.87%

10Y(CAGR)

Winner

GSLC

+14.57%

SPSM

+11.19%

Max(CAGR)

Winner

GSLC

+14.12%

SPSM

+9.81%

GSLC vs SPSM - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	GSLC	SPSM
2026	+5.85%	+14.20%
2025	+16.29%	+6.16%
2024	+24.85%	+9.09%
2023	+25.67%	+16.28%
2022	-18.94%	-17.04%
2021	+28.85%	+28.01%
2020	+18.12%	+11.63%
2019	+30.83%	+25.19%
2018	-4.69%	-12.00%
2017	+21.61%	+14.85%
2016	+10.30%	+24.71%
2015	+3.61%	-2.60%
2014	N/A	+6.28%
2013	N/A	+15.61%

GSLC vs SPSM Drawdown Comparison

The maximum drawdown for GSLC was -33.69%, occurring on Mar 23, 2020. Recovery took 118 trading sessions.

The maximum drawdown for SPSM was -42.88%, occurring on Mar 23, 2020. Recovery took 212 trading sessions.

The current SPSM drawdown is -0.41%.

Rank	GSLC	SPSM
#1	-33.69% Feb 19, 2020 - Aug 6, 2020	-42.88% Jan 16, 2020 - Nov 17, 2020
#2	-24.90% Dec 29, 2021 - Dec 14, 2023	-27.95% Nov 25, 2024 - Dec 11, 2025
#3	-19.57% Sep 20, 2018 - Apr 23, 2019	-26.41% Aug 31, 2018 - Jan 16, 2020
#4	-18.66% Feb 19, 2025 - Jun 26, 2025	-26.41% Nov 8, 2021 - Jul 16, 2024
#5	-11.96% Dec 1, 2015 - Apr 1, 2016	-25.40% Jun 23, 2015 - Nov 11, 2016
#6	-9.57% Jan 26, 2018 - Jul 25, 2018	-12.78% Jul 1, 2014 - Dec 23, 2014
#7	-9.49% Jan 12, 2026 - Apr 16, 2026	-10.08% Mar 4, 2014 - Jul 1, 2014
#8	-9.18% Sep 2, 2020 - Nov 13, 2020	-9.88% Jun 8, 2021 - Nov 1, 2021
#9	-8.31% Jul 16, 2024 - Aug 30, 2024	-9.27% Mar 12, 2021 - Jun 1, 2021
#10	-6.61% Apr 30, 2019 - Jun 20, 2019	-9.12% Jan 23, 2018 - May 16, 2018
#11	-6.07% Feb 12, 2021 - Apr 1, 2021	-9.08% Jul 31, 2024 - Oct 16, 2024
#12	-5.96% Sep 3, 2021 - Oct 25, 2021	-8.72% Feb 10, 2026 - Apr 14, 2026
#13	-5.94% Jul 26, 2019 - Oct 21, 2019	-7.21% Jan 22, 2014 - Feb 26, 2014
#14	-5.54% Mar 27, 2024 - May 15, 2024	-6.49% Jul 25, 2017 - Sep 25, 2017
#15	-5.22% Aug 15, 2016 - Nov 22, 2016	-5.12% Apr 15, 2015 - Jun 18, 2015

Correlation

Correlation between GSLC and SPSM is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2013 - 2026)

GSLC vs SPSM dividend yield comparison.

Year	GSLC	SPSM
2026	0.24%	0.31%
2025	1.00%	1.62%
2024	1.11%	1.85%
2023	1.38%	1.61%
2022	1.61%	1.38%
2021	1.06%	1.40%
2020	1.35%	1.34%
2019	1.54%	1.58%
2018	1.89%	1.82%
2017	1.69%	1.51%
2016	1.69%	1.49%
2015	0.36%	2.37%
2014	0.00%	1.70%
2013	0.00%	0.68%