GSWO vs. SHEH
GSWO (Goldman Sachs ActiveBeta World Equity ETF) and SHEH (Shell plc ADRhedged ETF) are both exchange-traded funds - GSWO is a Global Equities fund tracking the Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net, while SHEH is a Energy Equities fund tracking the Shell plc - Benchmark Price Return. Both are passively managed. Over the past year, GSWO returned 19.28% vs 28.64% for SHEH. Their -0.11 correlation means they have often moved in opposite directions in the past. GSWO charges 0.25%/yr vs 0.19%/yr for SHEH.
Performance
GSWO vs. SHEH - Performance Comparison
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Returns By Period
In the year-to-date period, GSWO achieves a 11.27% return, which is significantly lower than SHEH's 25.94% return.
GSWO
- 1D
- 0.25%
- 1M
- 0.52%
- 6M
- 9.36%
- YTD
- 11.27%
- 1Y
- 19.28%
- 3Y*
- 17.22%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.38%
SHEH
- 1D
- 1.60%
- 1M
- 16.32%
- 6M
- 22.14%
- YTD
- 25.94%
- 1Y
- 28.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 31.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.19M | $3.35M | $3.82M | |
| $787.46K | $653.61K | $317.20K |
GSWO vs. SHEH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GSWO Goldman Sachs ActiveBeta World Equity ETF | 11.27% | 15.69% |
SHEH Shell plc ADRhedged ETF | 25.94% | 12.63% |
Correlation
The correlation between GSWO and SHEH is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025 | -0.11 |
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Return for Risk
GSWO vs. SHEH — Risk / Return Rank
GSWO
SHEH
GSWO vs. SHEH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta World Equity ETF (GSWO) and Shell plc ADRhedged ETF (SHEH). 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.
| GSWO | SHEH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.60 | +0.48 |
| Martin ratioReturn relative to average drawdown | 9.46 | 4.36 | +5.10 |
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Drawdowns
GSWO vs. SHEH - Drawdown Comparison
The maximum GSWO drawdown since its inception was -17.77%, roughly equal to the maximum SHEH drawdown of -17.53%. Use the drawdown chart below to compare losses from any high point for GSWO and SHEH.
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Drawdown Indicators
| GSWO | SHEH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -17.53% | -0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -17.53% | +8.60% |
Max Drawdown (3Y)Largest decline over 3 years | -9.97% | — | — |
Current DrawdownCurrent decline from peak | -0.62% | -2.90% | +2.28% |
Average DrawdownAverage peak-to-trough decline | -3.18% | -4.14% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 6.41% | -4.45% |
Volatility
GSWO vs. SHEH - Volatility Comparison
The current volatility for Goldman Sachs ActiveBeta World Equity ETF (GSWO) is 3.63%, while Shell plc ADRhedged ETF (SHEH) has a volatility of 6.72%. This indicates that GSWO experiences smaller price fluctuations and is considered to be less risky than SHEH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSWO | SHEH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 6.72% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.52% | 17.32% | -6.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 20.97% | -9.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.04% | 20.55% | -7.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.04% | 20.55% | -7.51% |
GSWO vs. SHEH - Expense Ratio Comparison
GSWO has a 0.25% expense ratio, which is higher than SHEH's 0.19% 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
GSWO vs. SHEH - Dividend Comparison
GSWO's dividend yield for the trailing twelve months is around 1.53%, less than SHEH's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GSWO Goldman Sachs ActiveBeta World Equity ETF | 1.53% | 1.74% | 1.75% | 2.06% | 1.73% |
SHEH Shell plc ADRhedged ETF | 1.84% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GSWO and SHEH have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHEH has higher volatility (6.72%) compared to GSWO (3.63%). In terms of maximum drawdown, GSWO dropped -17.77% vs SHEH's -17.53%.
On 1-year performance, SHEH leads with 28.64% vs 19.28% for GSWO. On fees, SHEH is cheaper at 0.19% per year. On volatility, GSWO has been the lower-risk option at 3.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SHEH has performed better with a 28.64% return vs 19.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHEH is cheaper with a 0.19% expense ratio, compared with 0.25% for GSWO.
SHEH has the higher dividend yield at 1.84%, compared with 1.53% for GSWO.
GSWO is categorized as Global Equities, while SHEH is Energy Equities. GSWO tracks Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net, while SHEH tracks Shell plc - Benchmark Price Return. They also come from different issuers: Goldman Sachs and ADRhedged. Their fees differ too: 0.25% for GSWO and 0.19% for SHEH.
GSWO currently has the higher Sharpe Ratio (1.57 vs 1.34), 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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