GUSE vs. DMAY

Last updated Jun 4, 2026

GUSE (Goldman Sachs Enhanced U.S. Equity ETF) and DMAY (FT Cboe Vest U.S. Equity Deep Buffer ETF - May) are both Large Cap Blend Equities funds. GUSE is actively managed, while DMAY is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. GUSE charges 0.30%/yr vs 0.85%/yr for DMAY.

Performance

GUSE vs. DMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Enhanced U.S. Equity ETF (GUSE) and FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GUSE achieves a 11.62% return, which is significantly higher than DMAY's 4.42% return.

GUSE

• 1D: -0.72%
• 1M: 5.49%
• YTD: 11.62%
• 6M: 11.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DMAY

• 1D: -0.30%
• 1M: 1.30%
• YTD: 4.42%
• 6M: 5.19%
• 1Y: 12.37%
• 3Y*: 11.96%
• 5Y*: 7.16%
• 10Y*: —

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

GUSE vs. DMAY - Yearly Performance Comparison

	2026 (YTD)	2025
GUSE Goldman Sachs Enhanced U.S. Equity ETF	11.62%	2.91%
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	4.42%	2.10%

Correlation

The correlation between GUSE and DMAY is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.90

Return for Risk

GUSE vs. DMAY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DMAY

DMAY Risk / Return Rank: 85
DMAY Sharpe Ratio Rank: 82
DMAY Sortino Ratio Rank: 88
DMAY Omega Ratio Rank: 91
DMAY Calmar Ratio Rank: 75
DMAY Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GUSE vs. DMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Enhanced U.S. Equity ETF (GUSE) and FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY). 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.

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

Sharpe Ratios by Period

	GUSE	DMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.65	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.16	0.88	+1.28

Drawdowns

GUSE vs. DMAY - Drawdown Comparison

The maximum GUSE drawdown since its inception was -8.54%, smaller than the maximum DMAY drawdown of -13.90%. Use the drawdown chart below to compare losses from any high point for GUSE and DMAY.

Drawdown Indicators

	GUSE	DMAY	Difference
Max Drawdown Largest peak-to-trough decline	-8.54%	-13.90%	+5.36%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.36%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.90%	—
Current Drawdown Current decline from peak	-0.72%	-0.30%	-0.42%
Average Drawdown Average peak-to-trough decline	-1.34%	-2.24%	+0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.55%	—

Volatility

Volatility by Period

	GUSE	DMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.73%	4.73%	+9.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.73%	9.02%	+4.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.73%	8.43%	+5.30%

GUSE vs. DMAY - Expense Ratio Comparison

GUSE has a 0.30% expense ratio, which is lower than DMAY's 0.85% expense ratio.

Dividends

GUSE vs. DMAY - Dividend Comparison

GUSE's dividend yield for the trailing twelve months is around 0.65%, while DMAY has not paid dividends to shareholders.

Position	TTM	2025
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	0.00%	0.00%
GUSE Goldman Sachs Enhanced U.S. Equity ETF	0.65%	0.73%

Frequently Asked Questions

Can I hold both GUSE and DMAY in my portfolio?

With a correlation of 0.90, GUSE and DMAY 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.

Which ETF is better, GUSE or DMAY?

On fees, GUSE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GUSE or DMAY?

GUSE is cheaper with a 0.30% expense ratio, compared with 0.85% for DMAY.

Which ETF pays a higher dividend yield, GUSE or DMAY?

GUSE has the higher dividend yield at 0.65%, compared with 0.00% for DMAY.

What is the main difference between GUSE and DMAY?

They also come from different issuers: Goldman Sachs and First Trust. Their fees differ too: 0.30% for GUSE and 0.85% for DMAY.