GXUS vs. AAAU
GXUS (Goldman Sachs MarketBeta(R) Total International Equity ETF) and AAAU (Goldman Sachs Physical Gold ETF) are both exchange-traded funds - GXUS is a Foreign Large Cap Equities fund tracking the Solactive GBS Global Markets ex United States Large & Mid Cap Index - Benchmark TR Net, while AAAU is a Precious Metals fund tracking the LBMA Gold PM Price. Both are passively managed. Over the past year, GXUS returned 31.75% vs 32.29% for AAAU. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.
Performance
GXUS vs. AAAU - Performance Comparison
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Returns By Period
In the year-to-date period, GXUS achieves a 14.90% return, which is significantly higher than AAAU's 2.94% return.
GXUS
- 1D
- -0.98%
- 1M
- 5.14%
- YTD
- 14.90%
- 6M
- 17.66%
- 1Y
- 31.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAAU
- 1D
- -1.02%
- 1M
- -1.68%
- YTD
- 2.94%
- 6M
- 5.50%
- 1Y
- 32.29%
- 3Y*
- 31.37%
- 5Y*
- 18.39%
- 10Y*
- —
GXUS vs. AAAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GXUS Goldman Sachs MarketBeta(R) Total International Equity ETF | 14.90% | 31.47% | 4.61% | 6.23% |
AAAU Goldman Sachs Physical Gold ETF | 2.94% | 64.06% | 26.91% | 6.27% |
Correlation
The correlation between GXUS and AAAU is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2023 | 0.37 |
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Return for Risk
GXUS vs. AAAU — Risk / Return Rank
GXUS
AAAU
GXUS vs. AAAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta(R) Total International Equity ETF (GXUS) and Goldman Sachs Physical Gold ETF (AAAU). 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.
| GXUS | AAAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 1.70 | +1.09 |
| Martin ratioReturn relative to average drawdown | 10.51 | 4.21 | +6.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GXUS | AAAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 1.23 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.25 | 1.09 | +0.17 |
Drawdowns
GXUS vs. AAAU - Drawdown Comparison
The maximum GXUS drawdown since its inception was -13.90%, smaller than the maximum AAAU drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for GXUS and AAAU.
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Drawdown Indicators
| GXUS | AAAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.90% | -21.63% | +7.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -19.13% | +7.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.94% | — |
Current DrawdownCurrent decline from peak | -0.98% | -17.68% | +16.70% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -6.18% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 7.69% | -4.66% |
Volatility
GXUS vs. AAAU - Volatility Comparison
Goldman Sachs MarketBeta(R) Total International Equity ETF (GXUS) and Goldman Sachs Physical Gold ETF (AAAU) have volatilities of 5.42% and 5.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GXUS | AAAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 5.50% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 13.11% | 22.94% | -9.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.33% | 26.33% | -10.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 17.83% | -2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 16.99% | -1.77% |
GXUS vs. AAAU - Expense Ratio Comparison
Both GXUS and AAAU have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
GXUS vs. AAAU - Dividend Comparison
GXUS's dividend yield for the trailing twelve months is around 2.19%, while AAAU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AAAU Goldman Sachs Physical Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% |
GXUS Goldman Sachs MarketBeta(R) Total International Equity ETF | 2.19% | 2.66% | 2.87% | 1.28% |
Frequently Asked Questions
GXUS and AAAU have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAAU has higher volatility (5.50%) compared to GXUS (5.42%). In terms of maximum drawdown, GXUS dropped -13.90% vs AAAU's -21.63%.
On 1-year performance, AAAU leads with 32.29% vs 31.75% for GXUS. Both ETFs have the same 0.18% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AAAU has performed better with a 32.29% return vs 31.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GXUS and AAAU have the same expense ratio: 0.18% per year.
GXUS has the higher dividend yield at 2.19%, compared with 0.00% for AAAU.
GXUS is categorized as Foreign Large Cap Equities, while AAAU is Precious Metals. GXUS tracks Solactive GBS Global Markets ex United States Large & Mid Cap Index - Benchmark TR Net, while AAAU tracks LBMA Gold PM Price.
GXUS currently has the higher Sharpe Ratio (1.95 vs 1.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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