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36B5.DE vs. GACB.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

36B5.DE vs. GACB.DE

Last updated Jun 5, 2026

36B5.DE (iShares MSCI EM SRI UCITS ETF USD Dist) and GACB.DE (Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.)) are both Emerging Markets Equities funds - 36B5.DE tracks the MSCI Emerging Markets SRI Select Reduced Fossil Fuels while GACB.DE tracks the Goldman Sachs ActiveBeta Emerging Markets Equity. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. 36B5.DE charges 0.25%/yr vs 0.49%/yr for GACB.DE.

Performance

36B5.DE vs. GACB.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI EM SRI UCITS ETF USD Dist (36B5.DE) and Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.) (GACB.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

36B5.DE

1D
-1.48%
1M
0.60%
YTD
17.40%
6M
18.30%
1Y
35.45%
3Y*
14.26%
5Y*
5.01%
10Y*
—

GACB.DE

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

36B5.DE vs. GACB.DE - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
36B5.DE
iShares MSCI EM SRI UCITS ETF USD Dist		17.40%16.82%11.30%-2.19%-12.46%7.05%6.70%1.49%
GACB.DE
Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.)		4.68%17.61%13.29%6.42%-14.91%7.63%1.70%2.23%

Correlation

The correlation between 36B5.DE and GACB.DE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.75

Correlation (3Y)
Calculated over the trailing 3-year period

0.88

Correlation (5Y)
Calculated over the trailing 5-year period

0.90

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2019

0.91

The correlation between 36B5.DE and GACB.DE shifts across timeframes, from 0.75 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

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iShares MSCI EM SRI UCITS ETF USD Dist

Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.)

Often compared with 36B5.DE:
36B5.DE vs. IEEM.L36B5.DE vs. VWO36B5.DE vs. VUSA.AS36B5.DE vs. ESRI.DE36B5.DE vs. JREM.DE36B5.DE vs. AW12.DE36B5.DE vs. H41E.DE
Often compared with GACB.DE:
GACB.DE vs. GACA.DEGACB.DE vs. ESRI.DEGACB.DE vs. AW12.DEGACB.DE vs. WTD8.DEGACB.DE vs. H41E.DEGACB.DE vs. EUNM.DEGACB.DE vs. EMXC.DE

Return for Risk

36B5.DE vs. GACB.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
36B5.DE
36B5.DE Risk / Return Rank: 6767
Overall Rank
36B5.DE Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
36B5.DE Sortino Ratio Rank: 6666
Sortino Ratio Rank
36B5.DE Omega Ratio Rank: 6464
Omega Ratio Rank
36B5.DE Calmar Ratio Rank: 7272
Calmar Ratio Rank
36B5.DE Martin Ratio Rank: 7070
Martin Ratio Rank
GACB.DE
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

36B5.DE vs. GACB.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM SRI UCITS ETF USD Dist (36B5.DE) and Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.) (GACB.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

36B5.DEGACB.DEDifference
Sharpe ratioReturn per unit of total volatility
2.13

—

—

Sortino ratioReturn per unit of downside risk
2.98

—

—

Omega ratioGain probability vs. loss probability

1.38

—

—

Calmar ratioReturn relative to maximum drawdown

3.57

—

—

Martin ratioReturn relative to average drawdown

12.71

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

36B5.DE vs. GACB.DE - Sharpe Ratio Comparison

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Sharpe Ratios by Period

36B5.DEGACB.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.13

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

—

—

Drawdowns

36B5.DE vs. GACB.DE - Drawdown Comparison

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Drawdown Indicators

36B5.DEGACB.DEDifference

Max Drawdown

Largest peak-to-trough decline

-36.40%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-10.04%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-20.62%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-25.22%

—

—

Current Drawdown

Current decline from peak

-2.94%

—

—

Average Drawdown

Average peak-to-trough decline

-10.18%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.82%

—

—

Volatility

36B5.DE vs. GACB.DE - Volatility Comparison

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Volatility by Period

36B5.DEGACB.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.97%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

13.73%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

16.85%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.85%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.65%

—

—

36B5.DE vs. GACB.DE - Expense Ratio Comparison

36B5.DE has a 0.25% expense ratio, which is lower than GACB.DE's 0.49% expense ratio.

Dividends

36B5.DE vs. GACB.DE - Dividend Comparison

36B5.DE's dividend yield for the trailing twelve months is around 1.78%, while GACB.DE has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019
36B5.DE
iShares MSCI EM SRI UCITS ETF USD Dist		1.78%2.09%2.34%2.32%2.31%1.84%1.57%2.31%
GACB.DE
Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

36B5.DE and GACB.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, 36B5.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

36B5.DE is cheaper with a 0.25% expense ratio, compared with 0.49% for GACB.DE.

36B5.DE tracks MSCI Emerging Markets SRI Select Reduced Fossil Fuels, while GACB.DE tracks Goldman Sachs ActiveBeta Emerging Markets Equity. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.25% for 36B5.DE and 0.49% for GACB.DE.

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