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DEMZvsGSLCETF Comparison

ETF 1

DEMZ

The Democratic Large-Cap Core ETF

This fund is part of

US Large Cap

+1.03%

Full DEMZ fund page

VS

ETF 2

GSLC

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

This fund is part of

US Multi-Factor

+0.99%

Full GSLC fund page

The Democratic Large-Cap Core ETF (DEMZ) belongs to the US Large Cap segment. Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is part of the US Multi-Factor segment. DEMZ's top 3 sector exposures are Information Technology, Communication Services and Financials. In contrast, GSLC's top sector exposures are Information Technology, Consumer Discretionary and Financials. DEMZ is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.09% for GSLC. DEMZ is up 2.77% year-to-date (YTD) with +$4M in YTD flows. GSLC performs better with 2.99% YTD performance, and -$496M in YTD flows. Run a side-by-side ETF comparison of DEMZ and GSLC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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DEMZ vs GSLC performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/29/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	DEMZ GSLC	+12.24%+11.75%	-0.88%+1.74%	+2.77%+2.99%	+29.13%+25.87%	+76.31%+71.10%	+75.94%+72.96%
Flows	DEMZ GSLC	-$7K-$114M	+$2M-$170M	+$4M-$496M	+$9M-$513M	+$17M-$2.33B	+$38M-$3.74B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	DEMZ GSLC	+18.24%+15.27%	+14.37%+12.43%	+15.93%+14.76%	+18.34%+16.74%
Max drawdown	DEMZ GSLC	-11.69%-9.04%	-12.25%-9.48%	-19.10%-18.65%	-27.17%-24.87%
Max drawdown duration	DEMZ GSLC	77d71d	92d93d	187d126d	719d713d

Trading data

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	DEMZ	GSLC
Last sale 5/1/2026 at 1:30 PM	$44.02	$137.51
Previous close 04/29/2026	$44.07	$137.03
Consolidated volume 04/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 29, 2026

1-year trailing difference

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DEMZ

is actively managed and doesn’t replicate an index

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	DEMZ	GSLC
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 5/1/2026 at 1:30 PM

Live

Closed

	DEMZ	GSLC
Last price	$44.02	$137.51
1D performance	-0.12%	+0.35%
AuM	$59.16 M	$14.90 B
E/R	0.45%	0.09%

Characteristics

	DEMZ	GSLC
Management strategy	Active	Passive
Provider	Reflection Asset Management	Goldman Sachs
Benchmark	-	Goldman Sachs ActiveBeta U.S. Large Cap Equity Index
N° of holdings	42	417
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	November 2, 2020	September 17, 2015
ESG	No	No

More DEMZ data on Trackinsight

More GSLC data on Trackinsight

Exposure

Countries

DEMZ

USA

95.7%

Other

4.3%

GSLC

USA

96.97%

Other

3.03%

Sectors

DEMZ

Information Techn.

38.05%

Communication Ser.

13.56%

Financials

9.15%

Industrials

7.57%

Other

31.67%

GSLC

Information Techn.

34.05%

Consumer Discreti.

10.92%

Financials

10.45%

Communication Ser.

10.35%

Health Care

9.29%

Industrials

7.78%

Other

17.17%

Diversification

DEMZ

Total weight of top 15 holdings out of 15

57.85%

GSLC

Total weight of top 15 holdings out of 15

37.98%

Top 15 holdings

Data as of March 31, 2026

DEMZ

APPLE

5.14%

NVIDIA

4.89%

MICROSOFT-T

4.78%

COSTCO WHOLESALE

4.63%

LOEWS

4.58%

US5128073062

4.33%

KLA CORPORATION

4.27%

AMPHENOL

4.25%

NORDSON

4.03%

XYLEM

3.54%

META PLATFORMS

3.29%

AVERY DENNISON

3.18%

ALPHABET INC-CL

2.37%

EVEREST REINSURANCE GROUP

2.33%

KIMCO REALTY REIT

2.24%

GSLC

NVIDIA

7.39%

APPLE

6.57%

MICROSOFT-T

4.63%

AMAZON.COM INC

3.37%

ALPHABET INC-CL

2.84%

BROADCOM LIMITED

2.24%

META PLATFORMS

2.18%

ALPHABET INC-CL

1.44%

JPMORGAN CHASE

1.27%

TESLA

1.20%

LILLY

1.10%

WALMART INC

1.06%

BERKSHIRE HATHWAY

1.03%

JOHNSON&JOHNSON

0.88%

VISA INCORPORATION

0.80%

Frequently asked questions about DEMZ and GSLC

How have the DEMZ and GSLC ETFs performed in 2026?

As of April 29, 2026, DEMZ is up 2.77% year-to-date (YTD), while GSLC has returned 2.99%. That puts GSLC better performer ahead so far this year.

Which ETF is attracting more investor money: DEMZ or GSLC?

Year-to-date, the DEMZ ETF saw +$4M in flows, compared to -$496M for GSLC.

Which ETF is more volatile: DEMZ or GSLC?

Over the past year, DEMZ had a volatility of 14.37%, while GSLC experienced 12.43%.

Which ETF is bigger: DEMZ or GSLC?

As of April 29, 2026, DEMZ holds $59.16 M in assets under management (AUM), while GSLC manages $14.90 B.

What sectors do the DEMZ and GSLC ETFs invest in?

DEMZ leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, GSLC focuses on Information Technology, Consumer Discretionary and Financials.

What are the top holdings of the DEMZ ETF and GSLC ETF?

DEMZ top holdings include APPLE, NVIDIA and MICROSOFT-T. GSLC holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: DEMZ or GSLC?

DEMZ holds 44 securities with 57.85% of its assets in the top 15. GSLC has 443 securities and a top 15 weight of 37.98%.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

September 15, 2022

GSLC

DEMZvsGSLCETF Comparison

The Democratic Large-Cap Core ETF

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

DEMZ vs GSLC performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the DEMZ and GSLC ETFs performed in 2026?

As of April 29, 2026, DEMZ is up 2.77% year-to-date (YTD), while GSLC has returned 2.99%. That puts GSLC better performer ahead so far this year.

Which ETF is attracting more investor money: DEMZ or GSLC?

Year-to-date, the DEMZ ETF saw +$4M in flows, compared to -$496M for GSLC.

Which ETF is more volatile: DEMZ or GSLC?

Over the past year, DEMZ had a volatility of 14.37%, while GSLC experienced 12.43%.

Which ETF is bigger: DEMZ or GSLC?

As of April 29, 2026, DEMZ holds $59.16 M in assets under management (AUM), while GSLC manages $14.90 B.

What sectors do the DEMZ and GSLC ETFs invest in?

DEMZ leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, GSLC focuses on Information Technology, Consumer Discretionary and Financials.

What are the top holdings of the DEMZ ETF and GSLC ETF?

DEMZ top holdings include APPLE, NVIDIA and MICROSOFT-T. GSLC holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: DEMZ or GSLC?

DEMZ holds 44 securities with 57.85% of its assets in the top 15. GSLC has 443 securities and a top 15 weight of 37.98%.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

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