GSUS
Goldman Sachs MarketBeta U.S. Equity ETF
GSUS tracks an index of US equities, selected and weighted by market capitalization.
US
EQUITY
Passive
MANAGEMENT STYLE
2.4 B
ASSETS UNDER MGMT
7 bp
EXPENSES
Fund Basics
| Fund sponsor | Goldman Sachs |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 12, 2020 |
| Assets (mns) | $2,415 |
| Expense ratio | 7 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 7.3 % |
| MICROSOFT CORP | 6.0 % |
| NVIDIA CORP | 5.5 % |
| AMAZON.COM INC | 3.9 % |
| META PLATFORMS INC | 2.8 % |
| ALPHABET INC. CLASS A | 2.1 % |
| ALPHABET INC. CLASS C | 1.9 % |
| BROADCOM INC. | 1.9 % |
| ELI LILLY & CO | 1.5 % |
| TESLA MOTORS INC | 1.5 % |
Constituent Breakdown
| Number of holdings | 454 |
| Herfindahl-Hirschman Index | 182 |
| Wgt avg mkt cap (mns) | $946,578 |
| Large cap (>$10bn) | 99.7% |
| Mid cap ($2-10bn) | 0.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
UNITED STATES | 96.5 % |
 |
IRELAND | 1.8 % |
 |
BRITAIN | 0.5 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -5.4% | 10.8% | 16.2% | 10.7% | -- | -- | -- | 14.5% |
| Dividend Yield | 0.0% | 0.7% | 1.2% | 1.3% | -- | -- | -- | 1.4% |
| Total Returns | -5.4% | 11.5% | 17.4% | 12.0% | -- | -- | -- | 15.8% | Ann. Volatility | 28.8% | 19.8% | 16.2% | 18.6% | -- | -- | -- | 18.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.99 | 99% |
| MSCI EAFE | 0.76 | 62% |
| MSCI Emg Mkts | 0.56 | 34% |
Liquidity Measures
| Avg. volume (000) | 129 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $236,886 |
Technical Indicators
| Recent close | $76.45 |
| 30d moving avg. | $74.97 |
| Annualized volatility | 16.5% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 1.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GSUS |
Expenses vs. GSUS |
ALTAR Score™ vs. GSUS |
|---|---|---|---|---|
| BKLC | BNY Mellon US Large Cap Core Equity ETF | 97.7% | -7 bp | +0.1% |
| VOTE | TCW Transform 500 ETF | 96.9% | -2 bp | +0.0% |
| BBUS | JP Morgan Betabuilders U.S. Equity ETF | 95.7% | -5 bp | +0.1% |
| STRV | Strive 500 ETF | 94.5% | -2 bp | +0.0% |
| VV | Vanguard Large-Cap ETF | 94.4% | -3 bp | +0.0% |
| PBUS | Invesco MSCI USA ETF | 93.6% | -3 bp | +0.1% |
| SPXE | ProShares S&P 500 Ex-Energy ETF | 93.4% | +2 bp | -0.1% |
| IVV | iShares Core S&P 500 ETF | 93.3% | -4 bp | +0.1% |
| SPY | SPDR S&P 500 ETF Trust | 93.3% | +2 bp | +0.1% |
| VOO | Vanguard S&P 500 ETF | 93.3% | -4 bp | +0.2% |
Risk and Returns: GSUS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/30/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
GSUS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
GSUS
5.4%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. GSUS's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places GSUS in the 33rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GSUSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| GSUS (7 bp) Percentile rank | 17 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GSUS | 7.0 | 5.6 | 12.6 |
| Peer Avg. | 25.5 | 9.7 | 35.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .