GACA.DE vs. MVEA.DE
GACA.DE (Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.)) and MVEA.DE (iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF) are both Large Cap Blend Equities funds - GACA.DE tracks the Goldman Sachs ActiveBeta US Large Cap Equity while MVEA.DE tracks the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, GACA.DE returned 13.63%/yr vs 6.87%/yr for MVEA.DE. Their correlation of 0.81 suggests significant overlap in exposure. GACA.DE charges 0.14%/yr vs 0.20%/yr for MVEA.DE.
Performance
GACA.DE vs. MVEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GACA.DE achieves a 10.44% return, which is significantly higher than MVEA.DE's 2.43% return.
GACA.DE
- 1D
- -0.16%
- 1M
- 5.10%
- YTD
- 10.44%
- 6M
- 10.26%
- 1Y
- 20.78%
- 3Y*
- 17.51%
- 5Y*
- 13.63%
- 10Y*
- —
MVEA.DE
- 1D
- -0.13%
- 1M
- 3.15%
- YTD
- 2.43%
- 6M
- 2.17%
- 1Y
- 1.20%
- 3Y*
- 6.69%
- 5Y*
- 6.87%
- 10Y*
- —
GACA.DE vs. MVEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | 17.29% |
MVEA.DE iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF | 2.43% | -7.09% | 19.73% | 8.74% | -6.83% | 34.90% | 5.86% |
Correlation
The correlation between GACA.DE and MVEA.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.81 |
Over the past year, the correlation between GACA.DE and MVEA.DE has dropped to 0.49 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
GACA.DE vs. MVEA.DE — Risk / Return Rank
GACA.DE
MVEA.DE
GACA.DE vs. MVEA.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 Minimum Volatility ESG UCITS ETF (MVEA.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 | MVEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.02 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 0.17 | +2.15 |
| Martin ratioReturn relative to average drawdown | 8.09 | 0.35 | +7.74 |
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
| GACA.DE | MVEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 0.09 | +1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.55 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.66 | +0.18 |
Drawdowns
GACA.DE vs. MVEA.DE - Drawdown Comparison
The maximum GACA.DE drawdown since its inception was -33.50%, which is greater than MVEA.DE's maximum drawdown of -17.47%. Use the drawdown chart below to compare losses from any high point for GACA.DE and MVEA.DE.
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Drawdown Indicators
| GACA.DE | MVEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | -17.47% | -16.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -4.92% | -4.03% |
Max Drawdown (3Y)Largest decline over 3 years | -23.68% | -17.47% | -6.21% |
Max Drawdown (5Y)Largest decline over 5 years | -23.68% | -17.47% | -6.21% |
Current DrawdownCurrent decline from peak | -0.33% | -10.27% | +9.94% |
Average DrawdownAverage peak-to-trough decline | -5.08% | -5.38% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.39% | +0.18% |
Volatility
GACA.DE vs. MVEA.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 Minimum Volatility ESG UCITS ETF (MVEA.DE) at 2.72%. This indicates that GACA.DE's price experiences larger fluctuations and is considered to be riskier than MVEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GACA.DE | MVEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 2.72% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 8.82% | 5.90% | +2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.00% | 8.97% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.42% | 12.27% | +3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.22% | 12.79% | +4.43% |
GACA.DE vs. MVEA.DE - Expense Ratio Comparison
GACA.DE has a 0.14% expense ratio, which is lower than MVEA.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GACA.DE vs. MVEA.DE - Dividend Comparison
Neither GACA.DE nor MVEA.DE has paid dividends to shareholders.
Frequently Asked Questions
GACA.DE and MVEA.DE have a correlation of 0.49, 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 0.20% for MVEA.DE.
GACA.DE tracks Goldman Sachs ActiveBeta US Large Cap Equity, while MVEA.DE tracks Russell 1000 TR USD. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.14% for GACA.DE and 0.20% for MVEA.DE.
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