GSUS vs. USMV ETF Comparison

Comparison of Goldman Sachs MarketBeta U.S. Equity ETF (GSUS) to iShares MSCI USA Minimum Volatility ETF (USMV)

GSUS

Goldman Sachs MarketBeta U.S. Equity ETF

GSUS Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive GBS United States Large & Mid Cap Index. The fund invests at least 80% of its assets in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index consists of equity securities of large and mid-capitalization equity issuers covering approximately the largest 85% of the free-float market capitalization in the United States.

Grade (RS Rating)

Last Trade

$82.16

Average Daily Volume

123,683

Number of Holdings ^*

449

* may have additional holdings in another (foreign) market

USMV

iShares MSCI USA Minimum Volatility ETF

USMV Description

The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.46

Average Daily Volume

1,630,912

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	GSUS	USMV
30 Days	3.38%	1.70%
60 Days	4.89%	2.42%
90 Days	6.69%	4.02%
12 Months	32.27%	25.63%

148 Overlapping Holdings

Symbol	Grade	Weight in GSUS	Weight in USMV	Overlap
AAPL	C	6.79%	0.99%	0.99%
ABBV	D	0.59%	1.04%	0.59%
ABT	B	0.41%	0.09%	0.09%
ACGL	D	0.07%	0.68%	0.07%
ACN	C	0.45%	1.29%	0.45%
ADI	D	0.21%	0.23%	0.21%
ADP	B	0.24%	0.09%	0.09%
AEE	A	0.05%	0.24%	0.05%
AEP	D	0.1%	0.39%	0.1%
AJG	B	0.13%	1.27%	0.13%
AKAM	D	0.03%	0.39%	0.03%
ALNY	D	0.06%	0.22%	0.06%
AMGN	D	0.3%	0.59%	0.3%
AMZN	C	3.85%	0.14%	0.14%
ANET	C	0.18%	0.29%	0.18%
AON	A	0.15%	0.53%	0.15%
APH	A	0.17%	1.44%	0.17%
ATO	A	0.04%	0.06%	0.04%
AVGO	D	1.52%	1.19%	1.19%
AZO	C	0.1%	0.98%	0.1%
BDX	F	0.13%	0.56%	0.13%
BMY	B	0.24%	0.49%	0.24%
BR	A	0.05%	0.05%	0.05%
BRK.A	B	1.24%	1.55%	1.24%
CB	C	0.23%	1.47%	0.23%
CBOE	B	0.04%	0.85%	0.04%
CDNS	B	0.16%	0.18%	0.16%
CDW	F	0.05%	0.35%	0.05%
CHD	B	0.05%	0.4%	0.05%
CI	F	0.18%	0.21%	0.18%
CL	D	0.15%	0.41%	0.15%
CMCSA	B	0.33%	0.39%	0.33%
CME	A	0.17%	0.53%	0.17%
CMS	C	0.04%	0.19%	0.04%
COR	B	0.08%	0.67%	0.08%
CPB	D	0.02%	0.33%	0.02%
CRM	B	0.6%	0.05%	0.05%
CRWD	B	0.16%	0.19%	0.16%
CSCO	B	0.46%	1.47%	0.46%
CTSH	B	0.08%	0.76%	0.08%
CTVA	C	0.08%	0.38%	0.08%
CVS	D	0.14%	0.04%	0.04%
CVX	A	0.55%	0.34%	0.34%
D	C	0.1%	0.23%	0.1%
DELL	C	0.08%	0.12%	0.08%
DGX	A	0.04%	0.11%	0.04%
DPZ	C	0.03%	0.19%	0.03%
DTE	C	0.05%	0.2%	0.05%
DUK	C	0.18%	1.49%	0.18%
EA	A	0.08%	0.89%	0.08%
ED	D	0.07%	1.13%	0.07%
EG	C	0.02%	0.43%	0.02%
ELV	F	0.18%	0.52%	0.18%
EOG	A	0.15%	0.17%	0.15%
FANG	D	0.06%	0.55%	0.06%
FI	A	0.25%	0.69%	0.25%
FICO	B	0.11%	0.59%	0.11%
GD	F	0.13%	0.05%	0.05%
GEN	B	0.03%	0.35%	0.03%
GILD	C	0.22%	0.94%	0.22%
GIS	D	0.07%	0.66%	0.07%
GLW	B	0.07%	0.31%	0.07%
GOOG	C	1.88%	0.16%	0.16%
GRMN	B	0.06%	0.33%	0.06%
HD	A	0.81%	0.3%	0.3%
HIG	B	0.07%	0.12%	0.07%
HOLX	D	0.04%	0.16%	0.04%
HON	B	0.3%	0.25%	0.25%
HRL	D	0.02%	0.21%	0.02%
HSY	F	0.05%	0.3%	0.05%
HUBS	A	0.07%	0.24%	0.07%
HUM	C	0.07%	0.4%	0.07%
IBM	C	0.39%	1.66%	0.39%
ICE	C	0.18%	0.28%	0.18%
IT	C	0.08%	0.35%	0.08%
JNJ	D	0.74%	1.18%	0.74%
K	A	0.04%	0.8%	0.04%
KDP	D	0.07%	0.59%	0.07%
KEYS	A	0.05%	0.55%	0.05%
KHC	F	0.05%	0.38%	0.05%
KMB	D	0.09%	0.21%	0.09%
KO	D	0.49%	0.1%	0.1%
KR	B	0.08%	0.61%	0.08%
L	A	0.03%	0.28%	0.03%
LIN	D	0.43%	0.16%	0.16%
LLY	F	1.25%	1.25%	1.25%
LMT	D	0.25%	0.82%	0.25%
LNT	A	0.03%	0.1%	0.03%
MA	C	0.86%	0.7%	0.7%
MCD	D	0.42%	1.25%	0.42%
MCK	B	0.16%	1.35%	0.16%
MDLZ	F	0.17%	0.44%	0.17%
MDT	D	0.22%	0.13%	0.13%
MELI	D	0.18%	0.18%	0.18%
MKL	A	0.04%	0.34%	0.04%
MMC	B	0.22%	1.11%	0.22%
MPC	D	0.11%	0.54%	0.11%
MRK	F	0.49%	1.01%	0.49%
MSFT	F	6.15%	1.34%	1.34%
MSI	B	0.16%	1.81%	0.16%
NEM	D	0.1%	0.46%	0.1%
NOC	D	0.14%	1.43%	0.14%
NOW	A	0.42%	0.75%	0.42%
NTAP	C	0.05%	0.22%	0.05%
NVDA	C	6.96%	0.67%	0.67%
ORCL	B	0.61%	1.31%	0.61%
ORLY	B	0.14%	0.68%	0.14%
OTIS	C	0.08%	0.07%	0.07%
OXY	D	0.07%	0.12%	0.07%
PEP	F	0.43%	1.01%	0.43%
PFE	D	0.29%	0.2%	0.2%
PG	A	0.81%	1.23%	0.81%
PGR	A	0.3%	1.67%	0.3%
PKG	A	0.04%	0.2%	0.04%
PSX	C	0.11%	0.06%	0.06%
REGN	F	0.16%	0.59%	0.16%
ROL	B	0.03%	0.36%	0.03%
ROP	B	0.12%	1.3%	0.12%
RSG	A	0.09%	1.55%	0.09%
RTX	C	0.32%	0.09%	0.09%
SNPS	B	0.17%	0.18%	0.17%
SO	D	0.19%	1.35%	0.19%
STX	D	0.04%	0.16%	0.04%
T	A	0.33%	0.74%	0.33%
TJX	A	0.27%	0.45%	0.27%
TMUS	B	0.23%	1.95%	0.23%
TRV	B	0.12%	1.15%	0.12%
TSN	B	0.04%	0.71%	0.04%
TXN	C	0.37%	1.39%	0.37%
UBER	D	0.28%	0.45%	0.28%
ULTA	F	0.03%	0.04%	0.03%
UNH	C	1.07%	1.34%	1.07%
V	A	1.05%	0.9%	0.9%
VLO	C	0.09%	0.05%	0.05%
VRSK	A	0.08%	0.42%	0.08%
VRSN	F	0.03%	0.64%	0.03%
VRTX	F	0.23%	0.69%	0.23%
VZ	C	0.36%	1.35%	0.36%
WDAY	B	0.11%	0.43%	0.11%
WEC	A	0.06%	0.78%	0.06%
WM	A	0.18%	1.44%	0.18%
WMB	A	0.14%	0.31%	0.14%
WMT	A	0.76%	1.78%	0.76%
WRB	A	0.04%	0.31%	0.04%
WTW	B	0.06%	0.38%	0.06%
XEL	A	0.08%	0.46%	0.08%
XOM	B	1.06%	0.45%	0.45%
YUM	B	0.07%	0.5%	0.07%

GSUS Overweight 301 Positions Relative to USMV

Symbol	Grade	Weight
META	D	2.45%
GOOGL	C	2.09%
TSLA	B	1.93%
JPM	A	1.38%
COST	B	0.83%
NFLX	A	0.73%
BAC	A	0.63%
WFC	A	0.5%
AMD	F	0.45%
ADBE	C	0.44%
PM	B	0.41%
DIS	B	0.41%
GE	D	0.39%
TMO	F	0.39%
ISRG	A	0.38%
GS	A	0.37%
QCOM	F	0.37%
CAT	B	0.37%
INTU	C	0.35%
MS	A	0.33%
BKNG	A	0.33%
SPGI	C	0.32%
NEE	D	0.32%
AXP	A	0.32%
LOW	D	0.3%
DHR	F	0.3%
BLK	C	0.3%
UNP	C	0.29%
ETN	A	0.29%
AMAT	F	0.28%
BX	A	0.27%
BSX	B	0.27%
C	A	0.26%
COP	C	0.26%
SYK	C	0.25%
PLTR	B	0.25%
PANW	C	0.25%
SCHW	B	0.24%
MU	D	0.22%
SBUX	A	0.22%
KKR	A	0.21%
INTC	D	0.21%
PLD	D	0.21%
DE	A	0.2%
TT	A	0.19%
GEV	B	0.19%
AMT	D	0.19%
MO	A	0.19%
UPS	C	0.19%
NKE	D	0.18%
PH	A	0.18%
LRCX	F	0.18%
KLAC	D	0.17%
WELL	A	0.17%
BA	F	0.17%
PYPL	B	0.17%
EQIX	A	0.17%
SHW	A	0.17%
ITW	B	0.16%
ZTS	D	0.16%
CMG	B	0.16%
PNC	B	0.16%
CEG	D	0.15%
EMR	A	0.15%
MCO	B	0.15%
CTAS	B	0.15%
USB	A	0.15%
MRVL	B	0.15%
CSX	B	0.14%
APO	B	0.14%
TDG	D	0.14%
COF	B	0.14%
MMM	D	0.14%
APD	A	0.14%
APP	B	0.14%
TGT	F	0.14%
HCA	F	0.13%
CARR	D	0.13%
FCX	D	0.13%
COIN	C	0.13%
OKE	A	0.13%
ADSK	A	0.13%
MAR	B	0.13%
FDX	B	0.13%
SPOT	B	0.13%
BK	A	0.12%
NSC	B	0.12%
SPG	B	0.12%
SRE	A	0.12%
HLT	A	0.12%
DLR	B	0.12%
SLB	C	0.12%
GM	B	0.12%
ECL	D	0.12%
TFC	A	0.12%
VST	B	0.11%
TTD	B	0.11%
PSA	D	0.11%
URI	B	0.11%
KMI	A	0.11%
AMP	A	0.11%
FTNT	C	0.11%
AFL	B	0.11%
JCI	C	0.11%
ABNB	C	0.11%
DASH	A	0.11%
PCAR	B	0.11%
PWR	A	0.1%
CPRT	A	0.1%
VRT	B	0.1%
MET	A	0.1%
AIG	B	0.1%
CMI	A	0.1%
LNG	B	0.1%
O	D	0.1%
SQ	B	0.1%
ALL	A	0.1%
RCL	A	0.1%
GWW	B	0.1%
DFS	B	0.09%
F	C	0.09%
BKR	B	0.09%
PRU	A	0.09%
AME	A	0.09%
PCG	A	0.09%
PEG	A	0.09%
CCI	D	0.09%
PAYX	C	0.09%
KVUE	A	0.09%
ROST	C	0.09%
LHX	C	0.09%
MSCI	C	0.09%
FLUT	A	0.09%
FAST	B	0.09%
HWM	A	0.09%
DHI	D	0.09%
FIS	C	0.09%
MNST	C	0.08%
STZ	D	0.08%
EXC	C	0.08%
TEAM	A	0.08%
LEN	D	0.08%
DDOG	A	0.08%
ODFL	B	0.08%
HES	B	0.08%
CBRE	B	0.08%
SNOW	C	0.08%
IR	B	0.08%
DAL	C	0.08%
EW	C	0.08%
LULU	C	0.07%
AVB	B	0.07%
EIX	B	0.07%
NDAQ	A	0.07%
VICI	C	0.07%
IRM	D	0.07%
IQV	D	0.07%
IDXX	F	0.07%
EXR	D	0.07%
RMD	C	0.07%
MCHP	D	0.07%
NUE	C	0.07%
WAB	B	0.07%
GEHC	F	0.07%
MTB	A	0.07%
MLM	B	0.07%
A	D	0.07%
HPQ	B	0.07%
SYY	B	0.07%
VMC	B	0.07%
CHTR	C	0.07%
HAL	C	0.06%
DOV	A	0.06%
MPWR	F	0.06%
HPE	B	0.06%
CVNA	B	0.06%
PPG	F	0.06%
STT	A	0.06%
NET	B	0.06%
ON	D	0.06%
CAH	B	0.06%
XYL	D	0.06%
CSGP	D	0.06%
ANSS	B	0.06%
GPN	B	0.06%
DXCM	D	0.06%
EBAY	D	0.06%
EFX	F	0.06%
TSCO	D	0.06%
RJF	A	0.06%
DD	D	0.06%
UAL	A	0.06%
CNC	D	0.06%
DOW	F	0.06%
VEEV	C	0.06%
ARES	A	0.06%
TTWO	A	0.06%
ETR	B	0.06%
FITB	A	0.06%
ROK	B	0.06%
BIIB	F	0.05%
WY	D	0.05%
WST	C	0.05%
EXPE	B	0.05%
FE	C	0.05%
IFF	D	0.05%
ZBH	C	0.05%
CINF	A	0.05%
SBAC	D	0.05%
RF	A	0.05%
DVN	F	0.05%
MTD	D	0.05%
CCL	B	0.05%
NVR	D	0.05%
PPL	B	0.05%
HBAN	A	0.05%
EQR	B	0.05%
SYF	B	0.05%
CPAY	A	0.05%
VTR	C	0.05%
TROW	B	0.05%
RBLX	C	0.05%
ADM	D	0.05%
FTV	C	0.05%
CPNG	D	0.05%
AWK	D	0.05%
PHM	D	0.05%
PINS	D	0.04%
KEY	B	0.04%
LVS	C	0.04%
SNA	A	0.04%
MAA	B	0.04%
BALL	D	0.04%
TRU	D	0.04%
IBKR	A	0.04%
MKC	D	0.04%
ZS	C	0.04%
ESS	B	0.04%
OMC	C	0.04%
LUV	C	0.04%
DRI	B	0.04%
INVH	D	0.04%
ZBRA	B	0.04%
CTRA	B	0.04%
LYV	A	0.04%
PFG	D	0.04%
CNP	B	0.04%
IP	B	0.04%
DKNG	B	0.04%
LH	C	0.04%
MDB	C	0.04%
WAT	B	0.04%
ZM	B	0.04%
CLX	B	0.04%
STE	F	0.04%
LYB	F	0.04%
WBD	C	0.04%
ILMN	D	0.04%
CFG	B	0.04%
ES	D	0.04%
LDOS	C	0.04%
NTRS	A	0.04%
WDC	D	0.04%
CAG	D	0.03%
ARM	D	0.03%
AVTR	F	0.03%
SWKS	F	0.03%
DLTR	F	0.03%
EL	F	0.03%
SMCI	F	0.03%
APTV	D	0.03%
AMCR	D	0.03%
JBHT	C	0.03%
DOC	D	0.03%
TXT	D	0.03%
FNF	B	0.03%
SSNC	B	0.03%
TER	D	0.03%
ALGN	D	0.03%
ARE	D	0.03%
BAX	D	0.03%
MAS	D	0.03%
GPC	D	0.03%
DG	F	0.03%
EXPD	D	0.03%
BBY	D	0.03%
TRMB	B	0.03%
CE	F	0.02%
ENPH	F	0.02%
SCCO	F	0.02%
DOX	D	0.02%
RPRX	D	0.02%
FOXA	B	0.02%
SNAP	C	0.02%
MRNA	F	0.02%
AGR	B	0.01%
GFS	C	0.01%
WMG	C	0.01%
FOX	A	0.01%
LEN	D	0.0%
RKT	F	0.0%

GSUS Underweight 22 Positions Relative to USMV

Symbol	Grade	Weight
WCN	A	-1.56%
GDDY	A	-1.0%
FCNCA	A	-0.88%
TDY	B	-0.57%
FFIV	B	-0.55%
INCY	C	-0.53%
PTC	A	-0.52%
JNPR	F	-0.45%
ERIE	D	-0.42%
BAH	F	-0.39%
AFG	A	-0.35%
AIZ	A	-0.32%
NBIX	C	-0.32%
FWONK	B	-0.31%
AZPN	A	-0.23%
BMRN	D	-0.22%
TW	A	-0.2%
MOH	F	-0.18%
UTHR	C	-0.14%
TEL	B	-0.07%
FSLR	F	-0.06%
KNX	B	-0.06%