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GSLCvsPHEQETF Comparison

ETF 1

GSLC

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

This fund is part of

US Multi-Factor

+0.07%

Full GSLC fund page

VS

ETF 2

PHEQ

Parametric Hedged Equity ETF

This fund is part of

Options Strategies

+0.07%

Full PHEQ fund page

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) belongs to the US Multi-Factor segment. Parametric Hedged Equity ETF (PHEQ) is part of the Options Strategies segment. GSLC's top 3 sector exposures are Information Technology, Consumer Discretionary and Financials. In contrast, PHEQ's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. GSLC is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.29% for PHEQ. GSLC is up 2.99% year-to-date (YTD) with -$496M in YTD flows. PHEQ performs better with 3.57% YTD performance, and -$10M in YTD flows. Run a side-by-side ETF comparison of GSLC and PHEQ 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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GSLC vs PHEQ 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.	GSLC PHEQ	+11.75%+6.89%	+1.74%+3.22%	+2.99%+3.57%	+25.87%+19.53%	+71.10%n/a	+72.96%n/a
Flows	GSLC PHEQ	-$114M+$5M	-$170M-$8M	-$496M-$10M	-$513M+$23M	-$2.33B-	-$3.74B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	GSLC PHEQ	+15.27%+8.35%	+12.43%+7.12%	+14.76%n/a	+16.74%n/a
Max drawdown	GSLC PHEQ	-9.04%-3.73%	-9.48%-3.96%	-18.65%n/a	-24.87%n/a
Max drawdown duration	GSLC PHEQ	71d57d	93d86d	126dn/a	713dn/a

Trading data

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	GSLC	PHEQ
Last sale 5/1/2026 at 1:30 PM	$137.52	$33.91
Previous close 04/29/2026	$137.03	$33.83
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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PHEQ

is actively managed and doesn’t replicate an index

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	GSLC	PHEQ
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

	GSLC	PHEQ
Last price	$137.52	$33.91
1D performance	+0.36%	+0.24%
AuM	$14.90 B	$133.04 M
E/R	0.09%	0.29%

Characteristics

	GSLC	PHEQ
Management strategy	Passive	Active
Provider	Goldman Sachs	Morgan Stanley
Benchmark	Goldman Sachs ActiveBeta U.S. Large Cap Equity Index	-
N° of holdings	417	173
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	September 17, 2015	October 19, 2023
ESG	No	No

More GSLC data on Trackinsight

More PHEQ data on Trackinsight

Exposure

Countries

GSLC

USA

96.97%

Other

3.03%

PHEQ

USA

93.2%

Other

6.8%

Sectors

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%

PHEQ

Information Techn.

33.71%

Communication Ser.

10.57%

Consumer Discreti.

9.49%

Financials

9.34%

Health Care

8.92%

Industrials

7.64%

Other

20.33%

Diversification

GSLC

Total weight of top 15 holdings out of 15

37.98%

PHEQ

Total weight of top 15 holdings out of 15

43.64%

Top 15 holdings

Data as of March 31, 2026

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%

PHEQ

NVIDIA

7.24%

APPLE

6.63%

MICROSOFT-T

4.74%

AMAZON.COM INC

3.62%

ALPHABET INC-CL

3.05%

ALPHABET INC-CL

2.65%

BROADCOM LIMITED

2.59%

META PLATFORMS

2.22%

TESLA

1.89%

EXXON

1.78%

JPMORGAN CHASE

1.65%

LILLY

1.58%

JOHNSON&JOHNSON

1.51%

BERKSHIRE HATHWAY

1.38%

VISA INCORPORATION

1.11%

Frequently asked questions about GSLC and PHEQ

How have the GSLC and PHEQ ETFs performed in 2026?

As of April 29, 2026, GSLC is up 2.99% year-to-date (YTD), while PHEQ has returned 3.57%. That puts PHEQ better performer ahead so far this year.

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

Year-to-date, the GSLC ETF saw -$496M in flows, compared to -$10M for PHEQ.

Which ETF is more volatile: GSLC or PHEQ?

Over the past year, GSLC had a volatility of 12.43%, while PHEQ experienced 7.12%.

Which ETF is bigger: GSLC or PHEQ?

As of April 29, 2026, GSLC holds $14.90 B in assets under management (AUM), while PHEQ manages $133.04 M.

What sectors do the GSLC and PHEQ ETFs invest in?

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

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

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

Which ETF is more diversified: GSLC or PHEQ?

GSLC holds 443 securities with 37.98% of its assets in the top 15. PHEQ has 182 securities and a top 15 weight of 43.64%.

Parametric's Innovation Continues Under New Leadership from Morgan Stanley with Launch of PHEQ and PAPI

November 16, 2023

PHEQ

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

September 15, 2022

GSLC

GSLCvsPHEQETF Comparison

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

Parametric Hedged Equity ETF

GSLC vs PHEQ 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 GSLC and PHEQ ETFs performed in 2026?

As of April 29, 2026, GSLC is up 2.99% year-to-date (YTD), while PHEQ has returned 3.57%. That puts PHEQ better performer ahead so far this year.

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

Year-to-date, the GSLC ETF saw -$496M in flows, compared to -$10M for PHEQ.

Which ETF is more volatile: GSLC or PHEQ?

Over the past year, GSLC had a volatility of 12.43%, while PHEQ experienced 7.12%.

Which ETF is bigger: GSLC or PHEQ?

As of April 29, 2026, GSLC holds $14.90 B in assets under management (AUM), while PHEQ manages $133.04 M.

What sectors do the GSLC and PHEQ ETFs invest in?

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

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

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

Which ETF is more diversified: GSLC or PHEQ?

GSLC holds 443 securities with 37.98% of its assets in the top 15. PHEQ has 182 securities and a top 15 weight of 43.64%.

Parametric's Innovation Continues Under New Leadership from Morgan Stanley with Launch of PHEQ and PAPI

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

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