GSLC.L vs. LGUS.L
GSLC.L (Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.)) and LGUS.L (L&G US Equity UCITS ETF USD (Acc)) are both Large Cap Blend Equities funds - GSLC.L tracks the Russell 1000 TR USD while LGUS.L tracks the Solactive Core United States Large & Mid Cap Index NTR. Both are passively managed. Over the past 5 years, GSLC.L returned 11.59%/yr vs 12.54%/yr for LGUS.L. Their correlation of 0.94 suggests significant overlap in exposure. GSLC.L charges 0.14%/yr vs 0.05%/yr for LGUS.L.
Performance
GSLC.L vs. LGUS.L - Performance Comparison
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Returns By Period
In the year-to-date period, GSLC.L achieves a 8.27% return, which is significantly lower than LGUS.L's 9.01% return.
GSLC.L
- 1D
- -1.21%
- 1M
- -1.13%
- 6M
- 7.15%
- YTD
- 8.27%
- 1Y
- 16.71%
- 3Y*
- 18.18%
- 5Y*
- 11.59%
- 10Y*
- —
LGUS.L
- 1D
- -1.30%
- 1M
- -0.36%
- 6M
- 8.07%
- YTD
- 9.01%
- 1Y
- 19.79%
- 3Y*
- 19.73%
- 5Y*
- 12.54%
- 10Y*
- —
GSLC.L vs. LGUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GSLC.L Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.) | 8.27% | 16.46% | 23.06% | 25.17% | -19.07% | 27.52% | 18.12% | 7.72% |
LGUS.L L&G US Equity UCITS ETF USD (Acc) | 9.01% | 17.98% | 25.09% | 28.66% | -20.46% | 27.91% | 21.16% | 7.43% |
Correlation
The correlation between GSLC.L and LGUS.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2019 | 0.95 |
The correlation between GSLC.L and LGUS.L has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
GSLC.L vs. LGUS.L — Risk / Return Rank
GSLC.L
LGUS.L
GSLC.L vs. LGUS.L - 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.) (GSLC.L) and L&G US Equity UCITS ETF USD (Acc) (LGUS.L). 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.
| GSLC.L | LGUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.30 | -0.65 |
| Martin ratioReturn relative to average drawdown | 6.64 | 8.84 | -2.20 |
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Drawdowns
GSLC.L vs. LGUS.L - Drawdown Comparison
The maximum GSLC.L drawdown since its inception was -33.84%, roughly equal to the maximum LGUS.L drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for GSLC.L and LGUS.L.
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Drawdown Indicators
| GSLC.L | LGUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -34.26% | +0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -10.07% | -8.58% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -18.98% | -19.46% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -25.64% | +1.14% |
Current DrawdownCurrent decline from peak | -2.23% | -1.69% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -5.29% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.23% | +0.28% |
Volatility
GSLC.L vs. LGUS.L - Volatility Comparison
Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.) (GSLC.L) has a higher volatility of 3.89% compared to L&G US Equity UCITS ETF USD (Acc) (LGUS.L) at 3.15%. This indicates that GSLC.L's price experiences larger fluctuations and is considered to be riskier than LGUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSLC.L | LGUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 3.15% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.77% | 9.50% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.78% | 12.53% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.22% | 16.52% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.88% | 18.10% | -0.22% |
GSLC.L vs. LGUS.L - Expense Ratio Comparison
GSLC.L has a 0.14% expense ratio, which is higher than LGUS.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GSLC.L vs. LGUS.L - Dividend Comparison
Neither GSLC.L nor LGUS.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, GSLC.L and LGUS.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.14% for GSLC.L.
GSLC.L tracks Russell 1000 TR USD, while LGUS.L tracks Solactive Core United States Large & Mid Cap Index NTR. They also come from different issuers: Goldman Sachs and L&G. Their fees differ too: 0.14% for GSLC.L and 0.05% for LGUS.L.
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