GSEU vs. ^GSPC
Compare and contrast key facts about Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) and S&P 500 (^GSPC).
GSEU is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta Europe Equity Index. It was launched on Mar 2, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSEU or ^GSPC.
Correlation
The correlation between GSEU and ^GSPC is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GSEU vs. ^GSPC - Performance Comparison
Key characteristics
GSEU:
0.34
^GSPC:
1.92
GSEU:
0.55
^GSPC:
2.57
GSEU:
1.06
^GSPC:
1.35
GSEU:
0.40
^GSPC:
2.86
GSEU:
1.00
^GSPC:
12.10
GSEU:
4.34%
^GSPC:
2.00%
GSEU:
12.70%
^GSPC:
12.65%
GSEU:
-35.71%
^GSPC:
-56.78%
GSEU:
-9.27%
^GSPC:
-2.82%
Returns By Period
In the year-to-date period, GSEU achieves a 1.01% return, which is significantly higher than ^GSPC's 0.62% return.
GSEU
1.01%
-2.56%
-5.00%
4.05%
5.08%
N/A
^GSPC
0.62%
-1.93%
5.98%
23.72%
12.67%
11.33%
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Risk-Adjusted Performance
GSEU vs. ^GSPC — Risk-Adjusted Performance Rank
GSEU
^GSPC
GSEU vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) and S&P 500 (^GSPC). 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.
Drawdowns
GSEU vs. ^GSPC - Drawdown Comparison
The maximum GSEU drawdown since its inception was -35.71%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GSEU and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
GSEU vs. ^GSPC - Volatility Comparison
The current volatility for Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) is 3.37%, while S&P 500 (^GSPC) has a volatility of 4.46%. This indicates that GSEU experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.