GTPE vs. SHEH

Last updated Aug 1, 2026

GTPE (Goldman Sachs MSCI World Private Equity Return Tracker ETF) and SHEH (Shell plc ADRhedged ETF) are both exchange-traded funds - GTPE is a Global Equities fund tracking the MSCI World Private Equity Return Tracker Index, while SHEH is a Energy Equities fund tracking the Shell plc - Benchmark Price Return. Both are passively managed. Their -0.09 correlation means they have often moved in opposite directions in the past. GTPE charges 0.50%/yr vs 0.19%/yr for SHEH.

Performance

GTPE vs. SHEH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs MSCI World Private Equity Return Tracker ETF (GTPE) and Shell plc ADRhedged ETF (SHEH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTPE achieves a 15.57% return, which is significantly lower than SHEH's 25.94% return.

GTPE

• 1D: -0.23%
• 1M: -1.75%
• 6M: 13.40%
• YTD: 15.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SHEH

• 1D: 1.60%
• 1M: 16.32%
• 6M: 22.14%
• YTD: 25.94%
• 1Y: 28.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 31.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GTPE Goldman Sachs MSCI World Private Equity Return Tracker ETF	$27.54K	$53.33K	$76.42K
SHEH Shell plc ADRhedged ETF	$787.46K	$653.61K	$317.20K

GTPE vs. SHEH - Yearly Performance Comparison

	2026 (YTD)	2025
GTPE Goldman Sachs MSCI World Private Equity Return Tracker ETF	15.57%	2.96%
SHEH Shell plc ADRhedged ETF	25.94%	-1.36%

Correlation

The correlation between GTPE and SHEH is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	-0.09

Return for Risk

GTPE vs. SHEH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GTPE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SHEH

SHEH Risk / Return Rank: 48
SHEH Sharpe Ratio Rank: 55
SHEH Sortino Ratio Rank: 52
SHEH Omega Ratio Rank: 51
SHEH Calmar Ratio Rank: 44
SHEH Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GTPE vs. SHEH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MSCI World Private Equity Return Tracker ETF (GTPE) 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.

	GTPE	SHEH	Difference
Sharpe ratio: Return per unit of total volatility	—	1.34	—
Sortino ratio: Return per unit of downside risk	—	1.87	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.60	—
Martin ratio: Return relative to average drawdown	—	4.36	—

Drawdowns

GTPE vs. SHEH - Drawdown Comparison

The maximum GTPE drawdown since its inception was -8.91%, smaller than the maximum SHEH drawdown of -17.53%. Use the drawdown chart below to compare losses from any high point for GTPE and SHEH.

Drawdown Indicators

	GTPE	SHEH	Difference
Max Drawdown Largest peak-to-trough decline	-8.91%	-17.53%	+8.62%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.53%	—
Current Drawdown Current decline from peak	-3.64%	-2.90%	-0.74%
Average Drawdown Average peak-to-trough decline	-1.85%	-4.14%	+2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.41%	—

Volatility

Volatility by Period

	GTPE	SHEH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.95%	20.97%	-3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.95%	20.55%	-2.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.95%	20.55%	-2.60%

GTPE vs. SHEH - Expense Ratio Comparison

GTPE has a 0.50% expense ratio, which is higher than SHEH's 0.19% expense ratio.

Dividends

GTPE vs. SHEH - Dividend Comparison

GTPE has not paid dividends to shareholders, while SHEH's dividend yield for the trailing twelve months is around 1.84%.

Position	TTM
GTPE Goldman Sachs MSCI World Private Equity Return Tracker ETF	0.00%
SHEH Shell plc ADRhedged ETF	1.84%

Frequently Asked Questions

Can I hold both GTPE and SHEH in my portfolio?

GTPE and SHEH have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GTPE or SHEH?

On fees, SHEH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GTPE or SHEH?

SHEH is cheaper with a 0.19% expense ratio, compared with 0.50% for GTPE.

Which ETF pays a higher dividend yield, GTPE or SHEH?

SHEH has the higher dividend yield at 1.84%, compared with 0.00% for GTPE.

What is the main difference between GTPE and SHEH?

GTPE is categorized as Global Equities, while SHEH is Energy Equities. GTPE tracks MSCI World Private Equity Return Tracker Index, while SHEH tracks Shell plc - Benchmark Price Return. They also come from different issuers: Goldman Sachs and ADRhedged. Their fees differ too: 0.50% for GTPE and 0.19% for SHEH.