GACA.DE vs. IBCY.DE
GACA.DE (Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.)) and IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) are both Large Cap Blend Equities funds - GACA.DE tracks the Goldman Sachs ActiveBeta US Large Cap Equity while IBCY.DE tracks the MSCI USA Diversified Multiple-Factor. Both are passively managed. Over the past 5 years, GACA.DE returned 13.63%/yr vs 10.27%/yr for IBCY.DE. Their correlation of 0.90 suggests significant overlap in exposure. GACA.DE charges 0.14%/yr vs 0.35%/yr for IBCY.DE.
Performance
GACA.DE vs. IBCY.DE - Performance Comparison
Loading charts...
Returns By Period
GACA.DE
- 1D
- -0.16%
- 1M
- 5.10%
- YTD
- 10.44%
- 6M
- 10.26%
- 1Y
- 20.78%
- 3Y*
- 17.51%
- 5Y*
- 13.63%
- 10Y*
- —
IBCY.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 13.22%
- 3Y*
- 13.97%
- 5Y*
- 10.27%
- 10Y*
- 11.22%
GACA.DE vs. IBCY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GACA.DE Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.) | 10.44% | 3.94% | 29.59% | 21.02% | -14.66% | 38.66% | 7.33% | 8.54% |
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -11.70% | 36.60% | 0.17% | 9.54% |
Correlation
The correlation between GACA.DE and IBCY.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2019 | 0.90 |
Over the past year, the correlation between GACA.DE and IBCY.DE has dropped to 0.53 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GACA.DE vs. IBCY.DE — Risk / Return Rank
GACA.DE
IBCY.DE
GACA.DE vs. IBCY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.) (GACA.DE) and iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.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.
| GACA.DE | IBCY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.56 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 4.08 | -1.76 |
| Martin ratioReturn relative to average drawdown | 8.09 | 19.99 | -11.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GACA.DE | IBCY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 1.70 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.69 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.63 | +0.21 |
Drawdowns
GACA.DE vs. IBCY.DE - Drawdown Comparison
The maximum GACA.DE drawdown since its inception was -33.50%, smaller than the maximum IBCY.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for GACA.DE and IBCY.DE.
Loading charts...
Drawdown Indicators
| GACA.DE | IBCY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | -35.54% | +2.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -3.26% | -5.69% |
Max Drawdown (3Y)Largest decline over 3 years | -23.68% | -22.91% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -23.68% | -22.91% | -0.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -0.33% | 0.00% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -5.08% | -4.95% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 0.67% | +1.90% |
Volatility
GACA.DE vs. IBCY.DE - Volatility Comparison
Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.) (GACA.DE) has a higher volatility of 3.46% compared to iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) at 0.00%. This indicates that GACA.DE's price experiences larger fluctuations and is considered to be riskier than IBCY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GACA.DE | IBCY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 0.00% | +3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.82% | 0.00% | +8.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.00% | 7.99% | +5.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.42% | 14.77% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.22% | 16.12% | +1.10% |
GACA.DE vs. IBCY.DE - Expense Ratio Comparison
GACA.DE has a 0.14% expense ratio, which is lower than IBCY.DE's 0.35% expense ratio.
Dividends
GACA.DE vs. IBCY.DE - Dividend Comparison
Neither GACA.DE nor IBCY.DE has paid dividends to shareholders.
Frequently Asked Questions
GACA.DE and IBCY.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GACA.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GACA.DE is cheaper with a 0.14% expense ratio, compared with 0.35% for IBCY.DE.
GACA.DE tracks Goldman Sachs ActiveBeta US Large Cap Equity, while IBCY.DE tracks MSCI USA Diversified Multiple-Factor. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.14% for GACA.DE and 0.35% for IBCY.DE.
Find the right allocation for GACA.DE and IBCY.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer