GUSE vs. SCHX

Last updated Jul 14, 2026

GUSE (Goldman Sachs Enhanced U.S. Equity ETF) and SCHX (Schwab U.S. Large-Cap ETF) are both Large Cap Blend Equities funds. GUSE is actively managed, while SCHX is passively managed. With a 0.98 correlation, they move nearly in lockstep. GUSE charges 0.30%/yr vs 0.03%/yr for SCHX.

Performance

GUSE vs. SCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Enhanced U.S. Equity ETF (GUSE) and Schwab U.S. Large-Cap ETF (SCHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GUSE achieves a 11.48% return, which is significantly higher than SCHX's 10.34% return.

GUSE

• 1D: -0.67%
• 1M: 1.58%
• 6M: 8.74%
• YTD: 11.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHX

• 1D: -0.71%
• 1M: 1.36%
• 6M: 8.09%
• YTD: 10.34%
• 1Y: 20.91%
• 3Y*: 20.02%
• 5Y*: 12.42%
• 10Y*: 15.02%

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

GUSE vs. SCHX - Yearly Performance Comparison

	2026 (YTD)	2025
GUSE Goldman Sachs Enhanced U.S. Equity ETF	11.48%	2.38%
SCHX Schwab U.S. Large-Cap ETF	10.34%	1.70%

Correlation

The correlation between GUSE and SCHX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.98

Return for Risk

GUSE vs. SCHX — Risk / Return Rank

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

GUSE

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

SCHX

SCHX Risk / Return Rank: 63
SCHX Sharpe Ratio Rank: 63
SCHX Sortino Ratio Rank: 62
SCHX Omega Ratio Rank: 62
SCHX Calmar Ratio Rank: 58
SCHX Martin Ratio Rank: 69

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. SCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Enhanced U.S. Equity ETF (GUSE) and Schwab U.S. Large-Cap ETF (SCHX). 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	SCHX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.66	—
Sortino ratio: Return per unit of downside risk	—	2.29	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.33	—
Martin ratio: Return relative to average drawdown	—	9.98	—

Drawdowns

GUSE vs. SCHX - Drawdown Comparison

The maximum GUSE drawdown since its inception was -8.54%, smaller than the maximum SCHX drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for GUSE and SCHX.

Drawdown Indicators

	GUSE	SCHX	Difference
Max Drawdown Largest peak-to-trough decline	-8.54%	-34.33%	+25.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.33%	—
Current Drawdown Current decline from peak	-0.85%	-1.04%	+0.19%
Average Drawdown Average peak-to-trough decline	-1.42%	-3.95%	+2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.10%	—

Volatility

Volatility by Period

	GUSE	SCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.95%	12.69%	+1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.95%	17.24%	-3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.95%	18.14%	-4.19%

GUSE vs. SCHX - Expense Ratio Comparison

GUSE has a 0.30% expense ratio, which is higher than SCHX's 0.03% expense ratio.

Dividends

GUSE vs. SCHX - Dividend Comparison

GUSE's dividend yield for the trailing twelve months is around 0.65%, less than SCHX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SCHX Schwab U.S. Large-Cap ETF	1.03%	1.09%	1.22%	1.39%	1.64%	1.22%	1.64%	1.82%	2.02%	1.70%	1.92%	2.04%

Frequently Asked Questions

Can I hold both GUSE and SCHX in my portfolio?

With a correlation of 0.98, GUSE and SCHX 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 SCHX?

On fees, SCHX is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GUSE or SCHX?

SCHX is cheaper with a 0.03% expense ratio, compared with 0.30% for GUSE.

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

SCHX has the higher dividend yield at 1.03%, compared with 0.65% for GUSE.

What is the main difference between GUSE and SCHX?

They also come from different issuers: Goldman Sachs and Charles Schwab. Their fees differ too: 0.30% for GUSE and 0.03% for SCHX.