GSLC.L vs. VEUR.MI
GSLC.L (Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.)) and VEUR.MI (Vanguard FTSE Developed Europe UCITS ETF) are both exchange-traded funds - GSLC.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while VEUR.MI is a Europe Equities fund tracking the FTSE Developed Europe Index. Both are passively managed. Over the past 5 years, GSLC.L returned 12.74%/yr vs 8.87%/yr for VEUR.MI. At a 0.43 correlation, their price movements are largely independent. GSLC.L charges 0.14%/yr vs 0.10%/yr for VEUR.MI.
Performance
GSLC.L vs. VEUR.MI - Performance Comparison
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Different Trading Currencies
GSLC.L is traded in USD, while VEUR.MI is traded in EUR. To make them comparable, the VEUR.MI values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GSLC.L achieves a 9.17% return, which is significantly higher than VEUR.MI's 5.87% return.
GSLC.L
- 1D
- -0.04%
- 1M
- 5.52%
- YTD
- 9.17%
- 6M
- 10.85%
- 1Y
- 22.99%
- 3Y*
- 20.82%
- 5Y*
- 12.74%
- 10Y*
- —
VEUR.MI
- 1D
- 0.52%
- 1M
- 2.33%
- YTD
- 5.87%
- 6M
- 9.43%
- 1Y
- 18.16%
- 3Y*
- 17.13%
- 5Y*
- 8.87%
- 10Y*
- —
GSLC.L vs. VEUR.MI - 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.) | 9.17% | 16.46% | 23.04% | 25.10% | -18.10% | 26.60% | 20.06% | 6.13% |
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 5.87% | 36.34% | 2.84% | 19.97% | -15.16% | 15.29% | 7.05% | 9.68% |
Correlation
The correlation between GSLC.L and VEUR.MI is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.43 |
Over the past year, GSLC.L and VEUR.MI have become more correlated (0.68) than their long-term average of 0.43, meaning their price movements have been converging.
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Return for Risk
GSLC.L vs. VEUR.MI — Risk / Return Rank
GSLC.L
VEUR.MI
GSLC.L vs. VEUR.MI - 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 Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI). 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.
| GSLC.L | VEUR.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.58 | +0.69 |
| Martin ratioReturn relative to average drawdown | 9.30 | 5.56 | +3.74 |
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
| GSLC.L | VEUR.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 1.23 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.51 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.61 | +0.57 |
Drawdowns
GSLC.L vs. VEUR.MI - Drawdown Comparison
The maximum GSLC.L drawdown since its inception was -29.20%, smaller than the maximum VEUR.MI drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for GSLC.L and VEUR.MI.
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Drawdown Indicators
| GSLC.L | VEUR.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.20% | -35.87% | +6.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.07% | -11.46% | +1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -18.98% | -14.99% | -3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -23.89% | -31.48% | +7.59% |
Current DrawdownCurrent decline from peak | -0.42% | -1.99% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -6.01% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 3.26% | -0.79% |
Volatility
GSLC.L vs. VEUR.MI - Volatility Comparison
The current volatility for Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.) (GSLC.L) is 4.00%, while Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI) has a volatility of 4.95%. This indicates that GSLC.L experiences smaller price fluctuations and is considered to be less risky than VEUR.MI 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 | VEUR.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 4.95% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 9.88% | 12.24% | -2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.25% | 14.78% | -1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.28% | 17.69% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.28% | 18.86% | +2.42% |
GSLC.L vs. VEUR.MI - Expense Ratio Comparison
GSLC.L has a 0.14% expense ratio, which is higher than VEUR.MI's 0.10% 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. VEUR.MI - Dividend Comparison
GSLC.L has not paid dividends to shareholders, while VEUR.MI's dividend yield for the trailing twelve months is around 2.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GSLC.L Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 2.61% | 2.79% | 3.07% | 3.00% | 3.32% | 2.66% | 2.23% | 3.24% |
Frequently Asked Questions
GSLC.L and VEUR.MI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEUR.MI is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUR.MI is cheaper with a 0.10% expense ratio, compared with 0.14% for GSLC.L.
GSLC.L is categorized as Large Cap Blend Equities, while VEUR.MI is Europe Equities. GSLC.L tracks Russell 1000 TR USD, while VEUR.MI tracks FTSE Developed Europe Index. They also come from different issuers: Goldman Sachs and Vanguard. Their fees differ too: 0.14% for GSLC.L and 0.10% for VEUR.MI.
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