GUSE vs. USMV
GUSE (Goldman Sachs Enhanced U.S. Equity ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds. GUSE is actively managed, while USMV is passively managed. At a 0.48 correlation, their price movements are largely independent. GUSE charges 0.30%/yr vs 0.15%/yr for USMV.
Performance
GUSE vs. USMV - Performance Comparison
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Returns By Period
In the year-to-date period, GUSE achieves a 11.48% return, which is significantly higher than USMV's 4.64% return.
GUSE
- 1D
- -0.67%
- 1M
- 1.58%
- 6M
- 8.74%
- YTD
- 11.48%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USMV
- 1D
- 0.06%
- 1M
- 2.16%
- 6M
- 3.87%
- YTD
- 4.64%
- 1Y
- 7.10%
- 3Y*
- 11.43%
- 5Y*
- 7.16%
- 10Y*
- 9.58%
GUSE vs. USMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GUSE Goldman Sachs Enhanced U.S. Equity ETF | 11.48% | 2.38% |
USMV iShares MSCI USA Min Vol Factor ETF | 4.64% | 0.37% |
Correlation
The correlation between GUSE and USMV is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.48 |
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Return for Risk
GUSE vs. USMV — Risk / Return Rank
GUSE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USMV
GUSE vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Enhanced U.S. Equity ETF (GUSE) and iShares MSCI USA Min Vol Factor ETF (USMV). 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 | USMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.10 | — |
| Martin ratioReturn relative to average drawdown | — | 3.61 | — |
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Drawdowns
GUSE vs. USMV - Drawdown Comparison
The maximum GUSE drawdown since its inception was -8.54%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for GUSE and USMV.
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Drawdown Indicators
| GUSE | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.54% | -33.10% | +24.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.46% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.10% | — |
Current DrawdownCurrent decline from peak | -0.85% | -0.54% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -2.87% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
GUSE vs. USMV - Volatility Comparison
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Volatility by Period
| GUSE | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.54% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.22% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.95% | 8.48% | +5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.95% | 12.36% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.95% | 14.49% | -0.54% |
GUSE vs. USMV - Expense Ratio Comparison
GUSE has a 0.30% expense ratio, which is higher than USMV's 0.15% expense ratio.
Dividends
GUSE vs. USMV - Dividend Comparison
GUSE's dividend yield for the trailing twelve months is around 0.65%, less than USMV's 1.48% 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% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.48% | 1.49% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% |
Frequently Asked Questions
GUSE and USMV have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USMV is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USMV is cheaper with a 0.15% expense ratio, compared with 0.30% for GUSE.
USMV has the higher dividend yield at 1.48%, compared with 0.65% for GUSE.
They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.30% for GUSE and 0.15% for USMV.
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