GASF.DE vs. GACB.DE
GASF.DE (Goldman Sachs Access China Government Bond UCITS ETF USD Inc) and GACB.DE (Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.)) are both exchange-traded funds - GASF.DE is a Emerging Markets Bonds fund tracking the FTSE Goldman Sachs China Government Bond Index, while GACB.DE is a Emerging Markets Equities fund tracking the Goldman Sachs ActiveBeta Emerging Markets Equity. Both are passively managed. At a 0.13 correlation, their price movements are largely independent. GASF.DE charges 0.24%/yr vs 0.49%/yr for GACB.DE.
Performance
GASF.DE vs. GACB.DE - Performance Comparison
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Returns By Period
GASF.DE
- 1D
- 0.06%
- 1M
- 1.40%
- 6M
- 6.61%
- YTD
- 7.95%
- 1Y
- 8.98%
- 3Y*
- 5.09%
- 5Y*
- 3.52%
- 10Y*
- —
GACB.DE
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GASF.DE vs. GACB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GASF.DE Goldman Sachs Access China Government Bond UCITS ETF USD Inc | 7.95% | -6.82% | 10.85% | -2.28% | 0.91% | 16.54% | -0.76% | 2.09% |
GACB.DE Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.) | 4.67% | 17.63% | 13.29% | 6.39% | -14.87% | 7.59% | 1.72% | -6.33% |
Correlation
The correlation between GASF.DE and GACB.DE is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019 | 0.13 |
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Return for Risk
GASF.DE vs. GACB.DE — Risk / Return Rank
GASF.DE
GACB.DE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GASF.DE vs. GACB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access China Government Bond UCITS ETF USD Inc (GASF.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GASF.DE | GACB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | — | — |
| Martin ratioReturn relative to average drawdown | 8.54 | — | — |
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Drawdowns
GASF.DE vs. GACB.DE - Drawdown Comparison
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Drawdown Indicators
| GASF.DE | GACB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.75% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.75% | — | — |
Current DrawdownCurrent decline from peak | -1.53% | — | — |
Average DrawdownAverage peak-to-trough decline | -6.06% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | — | — |
Volatility
GASF.DE vs. GACB.DE - Volatility Comparison
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Volatility by Period
| GASF.DE | GACB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.35% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.71% | — | — |
GASF.DE vs. GACB.DE - Expense Ratio Comparison
GASF.DE has a 0.24% expense ratio, which is lower than GACB.DE's 0.49% expense ratio.
Dividends
GASF.DE vs. GACB.DE - Dividend Comparison
GASF.DE's dividend yield for the trailing twelve months is around 1.98%, while GACB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
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% |
GASF.DE Goldman Sachs Access China Government Bond UCITS ETF USD Inc | 1.98% | 2.36% | 2.35% | 2.63% | 2.73% | 2.40% | 1.99% |
Frequently Asked Questions
GASF.DE and GACB.DE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GASF.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GASF.DE is cheaper with a 0.24% expense ratio, compared with 0.49% for GACB.DE.
GASF.DE is categorized as Emerging Markets Bonds, while GACB.DE is Emerging Markets Equities. GASF.DE tracks FTSE Goldman Sachs China Government Bond Index, while GACB.DE tracks Goldman Sachs ActiveBeta Emerging Markets Equity. Their fees differ too: 0.24% for GASF.DE and 0.49% for GACB.DE.
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