GUSE vs. FENY
GUSE (Goldman Sachs Enhanced U.S. Equity ETF) and FENY (Fidelity MSCI Energy Index ETF) are both exchange-traded funds - GUSE is a Large Cap Blend Equities fund actively managed by Goldman Sachs, while FENY is a Energy Equities fund tracking the MSCI USA IMI Energy 25/50 Index. GUSE is actively managed, while FENY is passively managed. Their -0.24 correlation means they have often moved in opposite directions in the past. GUSE charges 0.30%/yr vs 0.08%/yr for FENY.
Performance
GUSE vs. FENY - Performance Comparison
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Returns By Period
In the year-to-date period, GUSE achieves a 11.29% return, which is significantly lower than FENY's 35.12% return.
GUSE
- 1D
- 0.76%
- 1M
- 0.25%
- 6M
- 9.66%
- YTD
- 11.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FENY
- 1D
- 1.04%
- 1M
- 11.58%
- 6M
- 18.35%
- YTD
- 35.12%
- 1Y
- 43.91%
- 3Y*
- 14.81%
- 5Y*
- 23.67%
- 10Y*
- 9.96%
- ALL TIME*
- 5.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.95M | $44.20M | $53.46M | |
| $364.55K | $258.31K | $277.29K |
GUSE vs. FENY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GUSE Goldman Sachs Enhanced U.S. Equity ETF | 11.29% | 2.38% |
FENY Fidelity MSCI Energy Index ETF | 35.12% | -1.85% |
Correlation
The correlation between GUSE and FENY is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | -0.24 |
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Return for Risk
GUSE vs. FENY — Risk / Return Rank
GUSE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FENY
GUSE vs. FENY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Enhanced U.S. Equity ETF (GUSE) and Fidelity MSCI Energy Index ETF (FENY). 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.
| GUSE | FENY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.76 | — |
| Martin ratioReturn relative to average drawdown | — | 7.45 | — |
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Drawdowns
GUSE vs. FENY - Drawdown Comparison
The maximum GUSE drawdown since its inception was -8.54%, smaller than the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for GUSE and FENY.
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Drawdown Indicators
| GUSE | FENY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.54% | -74.35% | +65.81% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.96% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.07% | — |
Current DrawdownCurrent decline from peak | -1.02% | -4.34% | +3.32% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -22.95% | +21.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.56% | — |
Volatility
GUSE vs. FENY - Volatility Comparison
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Volatility by Period
| GUSE | FENY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.96% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 20.94% | -7.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.83% | 26.20% | -12.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.83% | 29.78% | -15.95% |
GUSE vs. FENY - Expense Ratio Comparison
GUSE has a 0.30% expense ratio, which is higher than FENY's 0.08% expense ratio.
Dividends
GUSE vs. FENY - Dividend Comparison
GUSE's dividend yield for the trailing twelve months is around 0.65%, less than FENY's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 2.35% | 3.18% | 3.05% | 3.33% | 3.33% | 3.69% | 4.60% | 6.43% | 3.21% | 2.94% | 2.29% | 3.05% |
GUSE Goldman Sachs Enhanced U.S. Equity ETF | 0.65% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GUSE and FENY have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FENY is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FENY is cheaper with a 0.08% expense ratio, compared with 0.30% for GUSE.
FENY has the higher dividend yield at 2.35%, compared with 0.65% for GUSE.
GUSE is categorized as Large Cap Blend Equities, while FENY is Energy Equities. They also come from different issuers: Goldman Sachs and Fidelity. Their fees differ too: 0.30% for GUSE and 0.08% for FENY.
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