GSUSvsSMAXETF Comparison
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Goldman Sachs MarketBeta U.S. Equity ETF (GSUS) belongs to the US Large Cap segment. iShares Large Cap Max Buffer Sep ETF (SMAX) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. GSUS is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.53% for SMAX. GSUS is up 12.33% year-to-date (YTD) with +$94M in YTD flows. SMAX performs worse with 5.33% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of GSUS and SMAX 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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GSUS vs SMAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GSUS SMAX | -1.26%+0.48% | +3.86%+2.16% | +12.33%+5.33% | +18.25%+7.42% | +77.78%n/a | +79.32%n/a |
| Flows | GSUS SMAX | +$159M-$1M | +$216M-$4M | +$94M-$34M | +$207M+$515K | +$1.03B- | +$1.62B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GSUS SMAX | +12.51%+2.31% | +12.97%+2.76% | +15.21%n/a | +17.50%n/a |
| Max drawdown | GSUS SMAX | -3.52%-0.49% | -9.17%-1.93% | -19.14%n/a | -25.66%n/a |
| Max drawdown duration | GSUS SMAX | 19d14d | 92d44d | 126dn/a | 715dn/a |
Trading data
GSUS | SMAX | |
Last sale 9/10/2026 at 1:30 PM | $104.84 | $28.28 |
| Previous close 09/09/2026 | $105.45 | $28.32 |
| Consolidated volume 09/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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SMAX
is actively managed and doesn’t replicate an indexGSUS | SMAX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
GSUS | SMAX | |
|---|---|---|
| Last price | $104.84 | $28.28 |
| 1D performance | -0.58% | -0.11% |
| AuM | $3.41 B | $88.37 M |
| E/R | 0.09% | 0.53% |
Characteristics
GSUS | SMAX | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Goldman Sachs | iShares |
| Benchmark | Solactive GBS United States Large & Mid Cap Index | - |
| N° of holdings | 408 | 501 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 12, 2020 | September 30, 2024 |
| ESG | No | No |
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Exposure
Countries
GSUS
USA
96.15%
Other
3.85%
SMAX
USA
102.01%
Other
-2.01%
Sectors
GSUS
Technology
45.11%
Finance
13.74%
Healthcare
9.17%
Consumer Non-Cycl.
9.05%
Industrials
7.74%
Other
15.18%
SMAX
Technology
46.23%
Finance
14.48%
Healthcare
9.28%
Consumer Non-Cycl.
9.23%
Industrials
8.09%
Other
12.68%
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Diversification
GSUS
Total weight of top 15 holdings out of 15
43.69%
SMAX
Total weight of top 15 holdings out of 15
45.4%
Top 15 holdings
Data as of July 31, 2026
GSUS
Apple, Inc.
7.72%
NVIDIA Corp.
7.36%
Microsoft Corp.
4.57%
Amazon.com, Inc.
3.56%
Alphabet, Inc.
3.04%
Broadcom Inc.
2.85%
Alphabet, Inc.
2.65%
Meta Platforms, Inc.
2.08%
Tesla, Inc.
1.66%
Micron Technology, Inc.
1.62%
Eli Lilly & Co.
1.62%
JPMorgan Chase & Co.
1.54%
Advanced Micro Devices, Inc.
1.29%
Berkshire Hathaway, Inc.
1.10%
Johnson & Johnson
1.03%
SMAX
Apple, Inc.
7.90%
NVIDIA Corp.
7.62%
Microsoft Corp.
5.40%
Amazon.com, Inc.
3.72%
Alphabet, Inc.
3.16%
Broadcom Inc.
2.96%
Alphabet, Inc.
2.54%
Meta Platforms, Inc.
1.91%
Micron Technology, Inc.
1.59%
JPMorgan Chase & Co.
1.52%
Berkshire Hathaway, Inc.
1.51%
Eli Lilly & Co.
1.47%
BlackRock Cash Funds - Treasury
1.42%
Tesla, Inc.
1.40%
Advanced Micro Devices, Inc.
1.28%
Frequently asked questions about GSUS and SMAX
How have the GSUS and SMAX ETFs performed in 2026?
As of September 9, 2026, GSUS is up 12.33% year-to-date (YTD), while SMAX has returned 5.33%. That puts GSUS better performer ahead so far this year.
Which ETF is attracting more investor money: GSUS or SMAX?
Year-to-date, the GSUS ETF saw +$94M in flows, compared to -$34M for SMAX.
Which ETF is more volatile: GSUS or SMAX?
Over the past year, GSUS had a volatility of 12.97%, while SMAX experienced 2.76%.
Which ETF is bigger: GSUS or SMAX?
As of September 9, 2026, GSUS holds $3.41 B in assets under management (AUM), while SMAX manages $88.37 M.
What sectors do the GSUS and SMAX ETFs invest in?
GSUS leans toward sectors like Technology, Finance and Healthcare. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.
What are the top holdings of the GSUS ETF and SMAX ETF?
GSUS top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. SMAX holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: GSUS or SMAX?
GSUS holds 411 securities with 43.69% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.
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