GGUS vs. AAAU
Compare and contrast key facts about Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) and Goldman Sachs Physical Gold ETF (AAAU).
GGUS and AAAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GGUS is a passively managed fund by Goldman Sachs that tracks the performance of the Russell 1000 Growth 40 Act Daily Capped Index - Benchmark TR Gross. It was launched on Nov 28, 2023. AAAU is a passively managed fund by Goldman Sachs that tracks the performance of the LBMA Gold PM Price. It was launched on Jul 26, 2018. Both GGUS and AAAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GGUS vs. AAAU - Performance Comparison
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GGUS vs. AAAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GGUS Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF | -8.04% | 17.32% | 30.88% | 4.54% |
AAAU Goldman Sachs Physical Gold ETF | 10.48% | 64.06% | 26.91% | 1.34% |
Returns By Period
In the year-to-date period, GGUS achieves a -8.04% return, which is significantly lower than AAAU's 10.48% return.
GGUS
- 1D
- 0.85%
- 1M
- -4.70%
- YTD
- -8.04%
- 6M
- -7.97%
- 1Y
- 18.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAAU
- 1D
- 1.78%
- 1M
- -10.64%
- YTD
- 10.48%
- 6M
- 23.10%
- 1Y
- 52.53%
- 3Y*
- 33.97%
- 5Y*
- 22.27%
- 10Y*
- —
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GGUS vs. AAAU - Expense Ratio Comparison
GGUS has a 0.12% 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%.
Return for Risk
GGUS vs. AAAU — Risk / Return Rank
GGUS
AAAU
GGUS vs. AAAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) 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.
| GGUS | AAAU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.92 | -1.09 |
Sortino ratioReturn per unit of downside risk | 1.34 | 2.35 | -1.01 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.35 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.73 | -1.46 |
Martin ratioReturn relative to average drawdown | 4.36 | 10.02 | -5.66 |
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
| GGUS | AAAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.92 | -1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 1.18 | -0.23 |
Correlation
The correlation between GGUS and AAAU is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GGUS vs. AAAU - Dividend Comparison
GGUS's dividend yield for the trailing twelve months is around 0.48%, while AAAU has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GGUS Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF | 0.48% | 0.43% | 0.68% | 0.00% |
AAAU Goldman Sachs Physical Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GGUS vs. AAAU - Drawdown Comparison
The maximum GGUS drawdown since its inception was -22.59%, roughly equal to the maximum AAAU drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for GGUS and AAAU.
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Drawdown Indicators
| GGUS | AAAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -21.63% | -0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -14.91% | -19.13% | +4.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.94% | — |
Current DrawdownCurrent decline from peak | -11.06% | -11.65% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -6.01% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 5.21% | -0.86% |
Volatility
GGUS vs. AAAU - Volatility Comparison
The current volatility for Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) is 6.66%, while Goldman Sachs Physical Gold ETF (AAAU) has a volatility of 10.43%. This indicates that GGUS 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
| GGUS | AAAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.66% | 10.43% | -3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 24.06% | -11.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.82% | 27.50% | -5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.28% | 17.58% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.28% | 16.92% | +2.36% |