Goldman Sachs Equal Weight U.S. Large Cap… (GSEW) Performance
GSEW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.9% since Dec 31, 2025
- 1 year
- +13.9% total return
- 5 years
- +7.9% a year
- Since first price
- +11.7% a year since 2017
GSEW trailing returns vs SPY, QQQ, AGG
| Period | GSEW total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.1% | +1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.6% | +2.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.4% | +6.6% | +7.8% | +8.4% | −1.5% |
| YTD | +13.9% | +12.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.9% | +12.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +74.4%+20.4%/yr | +66.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +46.5%+7.9%/yr | +35.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionSep 14, 2017 | +173.8%+11.7%/yr | +136.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GSEW vs SPY
From Sep 14, 2017: GSEW grew to $27,378, SPY to $35,051.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GSEW returns by calendar year
6 of 8 full years positive. Best 2019 (+31.0%), worst 2022 (−17.5%). 2026 is year to date.
GSEW annual returns table
| Year | GSEW | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.9% | −7.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +12.0% | −16.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +16.9% | −7.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +17.8% | −12.3% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.5% | −25.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +25.4% | −7.0% | +28.7% | +27.4% | −1.8% |
| 2020 | +16.3% | −38.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +31.0% | −6.4% | +31.2% | +39.0% | +8.5% |
| 2018 | −8.1% | −19.7% | −4.6% | −0.1% | +0.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GSEW largest drawdowns
Now 3.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −38.7% | Mar 23, 2020 | Oct 9, 2020 | 33 days | 8 months |
| Nov 16, 2021 | −25.7% | Oct 14, 2022 | Feb 29, 2024 | 11 months | 2.3 years |
| Sep 21, 2018 | −19.7% | Dec 24, 2018 | Apr 12, 2019 | 3 months | 7 months |
| Nov 25, 2024 | −18.2% | Apr 8, 2025 | Jul 1, 2025 | 4 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GSEW risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +17.8% | +8.6% | +11.3% |
| Volatility (annualized) | 13.0% | 16.1% | 17.1% |
| Sharpe ratio | 1.00 | 0.37 | 0.57 |
| Sortino ratio | 1.74 | 0.56 | 0.86 |
| Best month | +9.9% | +9.9% | +14.4% |
| Worst month | −6.2% | −9.5% | −16.0% |
| Best 12 months | +35.9% | +35.9% | +65.7% |
| Worst 12 months | +4.6% | −19.1% | −19.1% |
| Positive months | 69% | 57% | 62% |
| Beta vs S&P 500 | 0.90 | 0.96 | — |
| Correlation with S&P 500 | 0.87 | 0.93 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GSEW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 98 | −19.1% | +12.1% | +65.7% | 82% |
| 3-year (a year) | 74 | +3.6% | +11.6% | +24.1% | 100% |
| 5-year (a year) | 50 | +7.0% | +10.1% | +16.6% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
GSEW performance overview
Goldman Sachs Equal Weight U.S. Large Cap… (GSEW) returned +13.9% over the past year and +7.9% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +11.7% a year, turning $10,000 into about $27,378. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −38.7%, from Feb 19, 2020 to Mar 23, 2020, and it took 7 months to get back to the old high. GSEW finished 6 of its 8 full calendar years with a gain; the best year was 2019 (+31.0%) and the worst 2022 (−17.5%). Volatility has been 17.1% a year.
Related: GSEW chart, GSEW holdings, GSEW dividends, GSEW valuation. See the GSEW overview for the latest quote and fund facts.
GSEW performance FAQ
What is the GSEW return over the past year?
GSEW returned +13.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.2%.
What is the average annual return of GSEW?
GSEW has returned +7.9% a year over 5 years, +11.7% a year since September 14, 2017 (total return, distributions reinvested).
How much would $10,000 invested in GSEW be worth?
$10,000 invested in GSEW at its first recorded close on September 14, 2017 would be worth about $27,378 on October 23, 2026 with distributions reinvested.
What was the worst year for GSEW?
The worst calendar year was 2022, with a total return of −17.5%. The best was 2019 at +31.0%.
What is the biggest drawdown of GSEW?
The largest peak-to-trough decline was −38.7% between February 19, 2020 and March 23, 2020. It recovered to the old high on October 9, 2020, 7 months after the bottom.
How volatile is GSEW?
Over the past 3 years GSEW had an annualized volatility of 13.0% and a Sharpe ratio of 1.00 (excess return over 1–3 month T-bills per unit of risk).