GCOR vs. AAAU
GCOR (Goldman Sachs Access U.S. Aggregate Bond ETF) and AAAU (Goldman Sachs Physical Gold ETF) are both exchange-traded funds - GCOR is a Intermediate Core Bond fund tracking the FTSE Goldman Sachs US Broad Bond Market Index, while AAAU is a Gold fund tracking the LBMA Gold PM Price. Both are passively managed. Over the past 5 years, GCOR returned -0.72%/yr vs 17.20%/yr for AAAU. Their 0.31 correlation means their historical movements had little consistent relationship. GCOR charges 0.08%/yr vs 0.18%/yr for AAAU.
Performance
GCOR vs. AAAU - Performance Comparison
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Returns By Period
In the year-to-date period, GCOR achieves a -0.64% return, which is significantly higher than AAAU's -6.16% return.
GCOR
- 1D
- -0.32%
- 1M
- -1.23%
- 6M
- -0.88%
- YTD
- -0.64%
- 1Y
- 1.85%
- 3Y*
- 3.64%
- 5Y*
- -0.72%
- 10Y*
- —
- ALL TIME*
- -0.65%
AAAU
- 1D
- -1.46%
- 1M
- -1.72%
- 6M
- -16.57%
- YTD
- -6.16%
- 1Y
- 20.45%
- 3Y*
- 27.49%
- 5Y*
- 17.20%
- 10Y*
- —
- ALL TIME*
- 16.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $42.23M | $43.92M | $64.42M | |
| $2.82M | $2.72M | $3.17M |
GCOR vs. AAAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GCOR Goldman Sachs Access U.S. Aggregate Bond ETF | -0.64% | 7.22% | 0.51% | 5.79% | -13.83% | -1.88% | 0.50% |
AAAU Goldman Sachs Physical Gold ETF | -6.16% | 64.06% | 26.91% | 12.96% | -0.50% | -4.01% | -2.47% |
Correlation
The correlation between GCOR and AAAU is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | 0.31 |
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Return for Risk
GCOR vs. AAAU — Risk / Return Rank
GCOR
AAAU
GCOR vs. AAAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) and Goldman Sachs Physical Gold ETF (AAAU). 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.
| GCOR | AAAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.17 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 0.87 | +0.08 |
| Martin ratioReturn relative to average drawdown | 2.38 | 1.89 | +0.49 |
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Drawdowns
GCOR vs. AAAU - Drawdown Comparison
The maximum GCOR drawdown since its inception was -18.94%, smaller than the maximum AAAU drawdown of -26.29%. Use the drawdown chart below to compare losses from any high point for GCOR and AAAU.
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Drawdown Indicators
| GCOR | AAAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -26.29% | +7.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -26.29% | +23.47% |
Max Drawdown (3Y)Largest decline over 3 years | -5.09% | -26.29% | +21.20% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -26.29% | +7.76% |
Current DrawdownCurrent decline from peak | -4.29% | -24.96% | +20.67% |
Average DrawdownAverage peak-to-trough decline | -7.86% | -6.53% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 12.13% | -11.01% |
Volatility
GCOR vs. AAAU - Volatility Comparison
The current volatility for Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) is 1.02%, while Goldman Sachs Physical Gold ETF (AAAU) has a volatility of 6.30%. This indicates that GCOR experiences smaller price fluctuations and is considered to be less risky than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCOR | AAAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 6.30% | -5.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 23.27% | -20.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 27.85% | -24.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.82% | 18.32% | -12.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 17.24% | -11.76% |
GCOR vs. AAAU - Expense Ratio Comparison
GCOR has a 0.08% expense ratio, which is lower than AAAU's 0.18% 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
GCOR vs. AAAU - Dividend Comparison
GCOR's dividend yield for the trailing twelve months is around 4.23%, while AAAU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AAAU Goldman Sachs Physical Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GCOR Goldman Sachs Access U.S. Aggregate Bond ETF | 3.88% | 4.03% | 4.36% | 3.67% | 2.11% | 0.92% | 0.24% |
Frequently Asked Questions
GCOR and AAAU have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAAU has higher volatility (6.30%) compared to GCOR (1.02%). In terms of maximum drawdown, GCOR dropped -18.94% vs AAAU's -26.29%.
On 5-year performance, AAAU leads with 17.20% vs -0.72% for GCOR. On fees, GCOR is cheaper at 0.08% per year. On volatility, GCOR has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AAAU has performed better with a 17.20% return vs -0.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GCOR is cheaper with a 0.08% expense ratio, compared with 0.18% for AAAU.
GCOR has the higher dividend yield at 3.88%, compared with 0.00% for AAAU.
GCOR is categorized as Intermediate Core Bond, while AAAU is Gold. GCOR tracks FTSE Goldman Sachs US Broad Bond Market Index, while AAAU tracks LBMA Gold PM Price. Their fees differ too: 0.08% for GCOR and 0.18% for AAAU.
AAAU currently has the higher Sharpe Ratio (0.83 vs 0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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