Goldman Sachs ActiveBeta World Equity ETF (GSWO) Performance
GSWO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.5% since Dec 31, 2025
- 1 year
- +15.2% total return
- 3 years
- +19.9% a year
- Since first price
- +12.0% a year since 2022
GSWO trailing returns vs SPY, QQQ, AGG
| Period | GSWO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.7% | −1.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.7% | +2.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.3% | +6.4% | +7.8% | +8.4% | −1.5% |
| YTD | +12.5% | +11.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.2% | +13.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +72.4%+19.9%/yr | +63.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionMar 17, 2022 | +68.4%+12.0%/yr | +54.3% | — | — | — |
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: GSWO vs SPY
From Mar 17, 2022: GSWO grew to $16,838, SPY to $18,358.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GSWO returns by calendar year
3 of 3 full years positive. Best 2025 (+19.0%), worst 2024 (+15.3%). 2026 is year to date.
GSWO annual returns table
| Year | GSWO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.5% | −8.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +19.0% | −10.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +15.3% | −4.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +16.3% | −7.7% | +26.2% | +54.9% | +5.7% |
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.
GSWO largest drawdowns
Now 2.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 29, 2022 | −17.8% | Oct 12, 2022 | Jul 13, 2023 | 6 months | 1.3 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GSWO risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +19.5% | +12.0% |
| Volatility (annualized) | 10.4% | 12.7% |
| Sharpe ratio | 1.36 | 0.65 |
| Sortino ratio | 2.46 | 1.02 |
| Best month | +8.6% | +8.6% |
| Worst month | −5.8% | −7.9% |
| Best 12 months | +29.7% | +29.7% |
| Worst 12 months | +11.3% | −4.2% |
| Positive months | 72% | 63% |
| Beta vs S&P 500 | 0.71 | — |
| Correlation with S&P 500 | 0.85 | — |
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.
GSWO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 44 | −4.2% | +16.3% | +29.7% | 98% |
| 3-year (a year) | 20 | +8.9% | +16.8% | +20.2% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
GSWO performance overview
Goldman Sachs ActiveBeta World Equity ETF (GSWO) returned +15.2% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +12.0% a year, turning $10,000 into about $16,838. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −17.8%, from Mar 29, 2022 to Oct 12, 2022, and it took 9 months to get back to the old high. GSWO finished 3 of its 3 full calendar years with a gain; the best year was 2025 (+19.0%) and the worst 2024 (+15.3%). Volatility has been 12.7% a year.
Related: GSWO chart, GSWO holdings, GSWO dividends, GSWO valuation. See the GSWO overview for the latest quote and fund facts.
GSWO performance FAQ
What is the GSWO return over the past year?
GSWO returned +15.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 13.4%.
How much would $10,000 invested in GSWO be worth?
$10,000 invested in GSWO at its first recorded close on March 17, 2022 would be worth about $16,838 on October 23, 2026 with distributions reinvested.
What was the worst year for GSWO?
The worst calendar year was 2024, with a total return of +15.3%. The best was 2025 at +19.0%.
What is the biggest drawdown of GSWO?
The largest peak-to-trough decline was −17.8% between March 29, 2022 and October 12, 2022. It recovered to the old high on July 13, 2023, 9 months after the bottom.
How volatile is GSWO?
Over the past 3 years GSWO had an annualized volatility of 10.4% and a Sharpe ratio of 1.36 (excess return over 1–3 month T-bills per unit of risk).