At a glance
GUSA charges 0.1% a year, the same as the average of the 8 funds most like it (the 7th cheapest of 9). It has $2.40B in assets, the 8th largest of that group; it paid 0.98% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +13.0% with distributions reinvested (S&P 500: +11.5%), 4th of those 9 funds; over three years it returned +24.7% a year. Its ten largest positions make up 34.8% of the fund, out of 1,006 in all.
The short version
Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) is an index fund that tracks the Solactive GBS United States 1000 Index, which covers about the 1,000 largest U.S. companies weighted by size. Its 0.10% expense ratio is low, but several funds holding nearly the same stocks charge less, such as the Schwab 1000 Index ETF at 0.05%. Goldman also uses tax-management techniques meant to limit capital gain payouts.
Price history
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GUSA +13.0% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| GUSA official prospectus, to Dec 31, 2024 | — | +24.32% | — | — | — | +11.33% |
| GUSA price data to Oct 27, 2026 | +13.4% | +13.0% | +24.7% | — | — | +14.0% |
- Over the year to Oct 27, 2026, GUSA returned +13.0%, 4th of 9 among similar funds.
- Its worst full calendar year was 2025 (+17.5%); its best was 2023 (+26.6%).
- The deepest fall in its price history was 19.6% (Feb 19, 2025 to Apr 8, 2025), recovered by Jun 26, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +13.4% | — |
| 2025 | +17.5% | — |
| 2024 | +24.5% | +24.32% |
| 2023 | +26.6% | +26.59% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.5100 | |
| 2025 | $0.5900 | 0.0% |
| 2024 | $0.5900 | +5.4% |
| 2023 | $0.5600 |
What's inside
As of Aug 31, 2026, the fund held 1,006 securities; the ten largest made up 34.84% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA CORP | 7.23% | |
| APPLE INC | 6.37% | |
| MICROSOFT CORP | 5.23% | |
| AMAZON.COM INC | 3.51% | |
| ALPHABET INC Class A | 2.79% | |
| BROADCOM INC | 2.43% | |
| ALPHABET INC Class C | 2.40% | |
| META PLATFORMS INC | 1.77% | |
| TESLA INC | 1.58% | |
| MICRON TECHNOLOGY INC | 1.52% | |
| ELI LILLY & COMPANY | 1.37% | |
| JP MORGAN CHASE & COMPANY | 1.34% | |
| ADVANCED MICRO DEVICES INC | 1.07% | |
| BERKSHIRE HATHAWAY INC | 0.99% | |
| EXXONMOBIL HOLDINGS CORP | 0.94% |
By country
United States 96.52%Ireland 1.91%Switzerland 0.29%Bermuda 0.23%United Kingdom 0.17%By asset type
Stocks 99.8%By sector
Sectors of the companies held, for the 84% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors withdrew a net $157K (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -0.65%, -0.40%, +2.76%.
How it works
The fund aims to match the Solactive GBS United States 1000 Index, before fees. Solactive AG owns and calculates the index. It covers about the 1,000 largest large- and mid-size U.S. companies and weights them by free-float market capitalization. That is the value of a company's shares available for public trading, so bigger companies count for more. As of December 1, 2025, the index held 1,012 stocks, ranging from about $3 billion to $4.3 trillion in market value.
The index is rebuilt each quarter, in February, May, August and November. Newly public companies that qualify are added in February and August. The fund generally buys the index's stocks in roughly the same weights. When that isn't practical, it may hold a sample or use substitutes. Portfolio turnover was 2%, so the fund trades very little. It does not sell a struggling company unless the index drops it, and it doesn't move to defensive positions when markets fall.
Goldman also manages the fund with taxes in mind. It uses in-kind redemptions, which means handing stocks to large traders instead of selling them. It also sells some positions to realize losses that can offset gains, and it chooses which tax lots to sell. The fund says there's no guarantee these steps will reduce taxable distributions.
What it really costs
- GUSA charges 0.1% a year, versus an average of 0.1% for the similar funds below (7th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $10 in the first year and $128 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| GUSA | $10 | $32 | $56 | $128 |
In a retirement portfolio
It owns about 1,006 large and mid-size U.S. companies at low cost, so it could serve as the main U.S. stock position in a long-term portfolio.
Under the SEC's standard example, $10,000 invested in GUSA would cost $10 in fees over one year and $128 over ten years. Its record is short. The fund launched on April 5, 2022, so it missed the 2008 and 2020 crashes and most of the 2022 bear market. Its deepest drop was 19.6%, from February 19 to April 8, 2025, and it recovered by June 26, 2025, about 2.6 months later. Its weakest calendar year, 2025, was still a 17.5% gain. That reflects strong markets, not a test of a long bear market. Anyone who may need to sell shares in a bad year should allow for deeper and longer declines than this fund has shown. The yield was 0.98% over the 12 months to October 27, 2026, paid quarterly, so this is a growth holding more than an income source. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting one fund covering about 1,000 large and mid-size U.S. companies, with 2% turnover and tax-management steps aimed at limiting capital gain distributions.
- Long-term holders focused on growth rather than income: the trailing yield was 0.98%, paid quarterly, as of October 27, 2026.
- Investors comfortable moving with the broad U.S. market; its beta, a measure of how closely it follows the market, was 1.02 for the year to October 27, 2026.
Look elsewhere if
- Cost-focused investors: SCHK charges 0.05%, SCHX 0.03% and BBUS 0.02% versus GUSA's 0.10%, with 91–94% holdings overlap.
- Anyone wanting less concentration: NVIDIA, Apple and Microsoft made up about 18.8% of assets, and the top ten 34.8%, as of August 31, 2026.
- Those seeking meaningful income or downside protection: the yield is under 1%, and since April 2022 the fund hasn't faced a long bear market.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| GUSA this fund | — | 0.1% | $2.40B | +13.0% | +24.7% |
| SCHK Schwab 1000 Index ETF | 94% | 0.05% | $5.86B | +13.2% | +24.8% |
| VONE Vanguard Russell 1000 ETF | 94% | 0.07% | $11.91B | +13.0% | +24.6% |
| SCHX Schwab U.S. Large-Cap ETF | 94% | 0.03% | $74.17B | +10.9% | +21.9% |
| ONOF Global X Adaptive U.S. Risk Management ETF | 93% | 0.39% | $141.7M | +9.4% | +15.9% |
| PBUS Invesco MSCI USA ETF | 93% | 0.04% | $11.67B | +13.1% | +24.9% |
| IYY iShares Dow Jones U.S. ETF | 92% | 0.2% | $2.95B | +13.0% | +24.5% |
| BKLC BNY Mellon US Large Cap Core Equity ETF | 92% | 0% | $5.47B | +13.4% | +25.4% |
Questions investors ask
What does GUSA invest in?
GUSA holds about 1,006 large and mid-size U.S. companies and tracks the Solactive GBS United States 1000 Index. As of August 31, 2026, its largest holdings were NVIDIA (7.2%), Apple (6.4%) and Microsoft (5.2%). Next came Alphabet (about 5.2% across two share classes), Amazon (3.5%) and Broadcom (2.4%). The ten largest positions made up 34.8% of assets. About 96.5% was in U.S.-based companies, with small amounts in companies based in Ireland and Switzerland.
What is GUSA's expense ratio?
GUSA's expense ratio is 0.10%, according to its prospectus filed December 29, 2025. That works out to $10 a year on a $10,000 investment. The SEC's standard example, which assumes a 5% annual return, puts total costs at $32 over three years, $56 over five and $128 over ten. Among nine matched funds, GUSA ranks 7th on cost. BKLC, BBUS, SCHX, PBUS, SCHK and VONE all charge less.
GUSA vs SCHK: what's the difference?
The main difference is cost. GUSA charges 0.10%, and the Schwab 1000 Index ETF (SCHK) charges 0.05%. The two share about 94% of their holdings, and their returns have been very close. As of October 27, 2026, SCHK returned 13.2% over one year and 24.8% a year over three years. GUSA returned 13.0% and 24.7%. SCHK is also larger, with about $5.9 billion in net assets versus GUSA's $2.4 billion as of August 31, 2026. GUSA follows a Solactive index and uses stated tax-management techniques.
Does GUSA pay dividends?
Yes. GUSA pays dividends every quarter. Over the 12 months to October 27, 2026, it paid $0.65 per share, a yield of 0.98%. The fund weights companies by size rather than by dividend, so its yield reflects the broad U.S. market, not a focus on high-dividend stocks. Investors who want more income from their stock holdings may want to compare it with dividend-focused funds, which follow a different strategy.
How has GUSA performed since it launched?
GUSA has posted strong gains since its April 2022 launch, though its record is short. Its prospectus reports returns of 26.59% in 2023 and 24.32% in 2024, and an average of 11.33% a year from inception through December 31, 2024. Based on price data, it gained 17.51% in 2025 and 13.4% in 2026 through October 27. Its deepest drop was 19.6%, between February and April 2025, and it recovered by late June 2025.