GUSE vs. UNOV
GUSE (Goldman Sachs Enhanced U.S. Equity ETF) and UNOV (Innovator U.S. Equity Ultra Buffer ETF - November) are both exchange-traded funds - GUSE is a Large Cap Blend Equities fund actively managed by Goldman Sachs, while UNOV is a Defined Outcome fund tracking the Cboe S&P 500 30% (-5% to -35%) Buffer Protect November Series Index. GUSE is actively managed, while UNOV is passively managed. Their 0.96 correlation means they have historically moved very closely together. GUSE charges 0.30%/yr vs 0.79%/yr for UNOV.
Performance
GUSE vs. UNOV - Performance Comparison
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Returns By Period
In the year-to-date period, GUSE achieves a 11.29% return, which is significantly higher than UNOV's 6.21% return.
GUSE
- 1D
- 0.76%
- 1M
- 0.25%
- 6M
- 9.66%
- YTD
- 11.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
UNOV
- 1D
- 0.47%
- 1M
- 0.70%
- 6M
- 5.32%
- YTD
- 6.21%
- 1Y
- 11.32%
- 3Y*
- 9.02%
- 5Y*
- 6.76%
- 10Y*
- —
- ALL TIME*
- 6.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $364.55K | $258.31K | $277.29K | |
| $195.76K | $176.12K | $1.52M |
GUSE vs. UNOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GUSE Goldman Sachs Enhanced U.S. Equity ETF | 11.29% | 2.38% |
UNOV Innovator U.S. Equity Ultra Buffer ETF - November | 6.21% | 1.27% |
Correlation
The correlation between GUSE and UNOV is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.96 |
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Return for Risk
GUSE vs. UNOV — Risk / Return Rank
GUSE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UNOV
GUSE vs. UNOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Enhanced U.S. Equity ETF (GUSE) and Innovator U.S. Equity Ultra Buffer ETF - November (UNOV). 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 | UNOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.35 | — |
| Martin ratioReturn relative to average drawdown | — | 11.07 | — |
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Drawdowns
GUSE vs. UNOV - Drawdown Comparison
The maximum GUSE drawdown since its inception was -8.54%, smaller than the maximum UNOV drawdown of -13.84%. Use the drawdown chart below to compare losses from any high point for GUSE and UNOV.
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Drawdown Indicators
| GUSE | UNOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.54% | -13.84% | +5.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.52% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.10% | — |
Current DrawdownCurrent decline from peak | -1.02% | -0.11% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -1.63% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.96% | — |
Volatility
GUSE vs. UNOV - Volatility Comparison
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Volatility by Period
| GUSE | UNOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 6.01% | +7.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.83% | 6.93% | +6.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.83% | 7.70% | +6.13% |
GUSE vs. UNOV - Expense Ratio Comparison
GUSE has a 0.30% expense ratio, which is lower than UNOV's 0.79% expense ratio.
Dividends
GUSE vs. UNOV - Dividend Comparison
GUSE's dividend yield for the trailing twelve months is around 0.65%, while UNOV has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GUSE Goldman Sachs Enhanced U.S. Equity ETF | 0.65% | 0.73% |
UNOV Innovator U.S. Equity Ultra Buffer ETF - November | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, GUSE and UNOV 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.
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.
GUSE is cheaper with a 0.30% expense ratio, compared with 0.79% for UNOV.
GUSE has the higher dividend yield at 0.65%, compared with 0.00% for UNOV.
GUSE is categorized as Large Cap Blend Equities, while UNOV is Defined Outcome. They also come from different issuers: Goldman Sachs and Innovator. Their fees differ too: 0.30% for GUSE and 0.79% for UNOV.
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