FEXD.L vs. GSLC.L
FEXD.L (First Trust US Large Cap Core AlphaDEX UCITS Class B) and GSLC.L (Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.)) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from First Trust and Goldman Sachs respectively. Both are passively managed. Over the past 5 years, FEXD.L returned 10.82%/yr vs 13.87%/yr for GSLC.L. At a 0.45 correlation, their price movements are largely independent. FEXD.L charges 0.75%/yr vs 0.14%/yr for GSLC.L.
Performance
FEXD.L vs. GSLC.L - Performance Comparison
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Different Trading Currencies
FEXD.L is traded in GBp, while GSLC.L is traded in USD. To make them comparable, the GSLC.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FEXD.L achieves a 14.06% return, which is significantly higher than GSLC.L's 9.62% return.
FEXD.L
- 1D
- -0.11%
- 1M
- 5.28%
- YTD
- 14.06%
- 6M
- 14.03%
- 1Y
- 28.95%
- 3Y*
- 16.32%
- 5Y*
- 10.82%
- 10Y*
- 12.39%
GSLC.L
- 1D
- -0.04%
- 1M
- 6.49%
- YTD
- 9.62%
- 6M
- 10.08%
- 1Y
- 24.18%
- 3Y*
- 17.78%
- 5Y*
- 13.87%
- 10Y*
- —
FEXD.L vs. GSLC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FEXD.L First Trust US Large Cap Core AlphaDEX UCITS Class B | 14.06% | 6.55% | 17.43% | 7.00% | -3.00% | 26.00% | 9.31% | 0.62% |
GSLC.L Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.) | 9.62% | 8.16% | 25.19% | 19.34% | -9.56% | 27.38% | 18.66% | -1.91% |
Correlation
The correlation between FEXD.L and GSLC.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.45 |
The correlation between FEXD.L and GSLC.L shifts across timeframes, from 0.45 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FEXD.L vs. GSLC.L — Risk / Return Rank
FEXD.L
GSLC.L
FEXD.L vs. GSLC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US Large Cap Core AlphaDEX UCITS Class B (FEXD.L) and Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.) (GSLC.L). 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.
| FEXD.L | GSLC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.32 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 8.72 | 2.71 | +6.00 |
| Martin ratioReturn relative to average drawdown | 28.19 | 9.02 | +19.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FEXD.L | GSLC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.19 | 1.81 | +1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 1.11 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 1.17 | -0.37 |
Drawdowns
FEXD.L vs. GSLC.L - Drawdown Comparison
The maximum FEXD.L drawdown since its inception was -31.91%, which is greater than GSLC.L's maximum drawdown of -21.03%. Use the drawdown chart below to compare losses from any high point for FEXD.L and GSLC.L.
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Drawdown Indicators
| FEXD.L | GSLC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.91% | -21.03% | -10.88% |
Max Drawdown (1Y)Largest decline over 1 year | -4.52% | -8.88% | +4.36% |
Max Drawdown (3Y)Largest decline over 3 years | -21.63% | -21.03% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -21.63% | -21.03% | -0.60% |
Max Drawdown (10Y)Largest decline over 10 years | -31.91% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.06% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -3.68% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 2.67% | +2.21% |
Volatility
FEXD.L vs. GSLC.L - Volatility Comparison
The current volatility for First Trust US Large Cap Core AlphaDEX UCITS Class B (FEXD.L) is 3.73%, while Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.) (GSLC.L) has a volatility of 4.14%. This indicates that FEXD.L experiences smaller price fluctuations and is considered to be less risky than GSLC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEXD.L | GSLC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 4.14% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 9.14% | 9.84% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 13.33% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 18.28% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 19.39% | -0.63% |
FEXD.L vs. GSLC.L - Expense Ratio Comparison
FEXD.L has a 0.75% expense ratio, which is higher than GSLC.L's 0.14% expense ratio.
Dividends
FEXD.L vs. GSLC.L - Dividend Comparison
FEXD.L's dividend yield for the trailing twelve months is around 0.01%, while GSLC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FEXD.L First Trust US Large Cap Core AlphaDEX UCITS Class B | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
GSLC.L Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FEXD.L and GSLC.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GSLC.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GSLC.L is cheaper with a 0.14% expense ratio, compared with 0.75% for FEXD.L.
Both ETFs track Russell 1000 TR USD. They also come from different issuers: First Trust and Goldman Sachs. Their fees differ too: 0.75% for FEXD.L and 0.14% for GSLC.L.
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