USUE.DE vs. GACA.DE
USUE.DE (UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc) and GACA.DE (Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.)) are both Large Cap Blend Equities funds - USUE.DE tracks the MSCI USA Select Factor Mix while GACA.DE tracks the Goldman Sachs ActiveBeta US Large Cap Equity. Both are passively managed. Over the past 5 years, USUE.DE returned 11.49%/yr vs 13.63%/yr for GACA.DE. Their correlation of 0.90 suggests significant overlap in exposure. USUE.DE charges 0.25%/yr vs 0.14%/yr for GACA.DE.
Performance
USUE.DE vs. GACA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, USUE.DE achieves a 13.01% return, which is significantly higher than GACA.DE's 10.44% return.
USUE.DE
- 1D
- 0.29%
- 1M
- 4.91%
- YTD
- 13.01%
- 6M
- 13.36%
- 1Y
- 21.52%
- 3Y*
- 15.86%
- 5Y*
- 11.49%
- 10Y*
- —
GACA.DE
- 1D
- -0.16%
- 1M
- 6.03%
- YTD
- 10.44%
- 6M
- 11.13%
- 1Y
- 20.84%
- 3Y*
- 17.51%
- 5Y*
- 13.63%
- 10Y*
- —
USUE.DE vs. GACA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
USUE.DE UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc | 13.01% | 1.00% | 25.07% | 12.96% | -8.63% | 35.62% | -1.09% |
GACA.DE Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.) | 10.44% | 3.94% | 29.59% | 21.02% | -14.66% | 38.66% | 1.54% |
Correlation
The correlation between USUE.DE and GACA.DE is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2020 | 0.90 |
The correlation between USUE.DE and GACA.DE shifts across timeframes, from 0.72 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USUE.DE vs. GACA.DE — Risk / Return Rank
USUE.DE
GACA.DE
USUE.DE vs. GACA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc (USUE.DE) and Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.) (GACA.DE). 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.
| USUE.DE | GACA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | 2.32 | +2.09 |
| Martin ratioReturn relative to average drawdown | 14.20 | 8.09 | +6.11 |
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
| USUE.DE | GACA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 1.60 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.87 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.84 | -0.19 |
Drawdowns
USUE.DE vs. GACA.DE - Drawdown Comparison
The maximum USUE.DE drawdown since its inception was -35.36%, which is greater than GACA.DE's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for USUE.DE and GACA.DE.
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Drawdown Indicators
| USUE.DE | GACA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.36% | -33.50% | -1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -8.95% | +4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -20.79% | -23.68% | +2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -20.79% | -23.68% | +2.89% |
Current DrawdownCurrent decline from peak | 0.00% | -0.33% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -5.08% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 2.57% | -1.06% |
Volatility
USUE.DE vs. GACA.DE - Volatility Comparison
The current volatility for UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc (USUE.DE) is 2.84%, while Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF CLASS USD (Acc.) (GACA.DE) has a volatility of 3.46%. This indicates that USUE.DE experiences smaller price fluctuations and is considered to be less risky than GACA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USUE.DE | GACA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 3.46% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 8.82% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.34% | 13.00% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 15.42% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.33% | 17.22% | +0.11% |
USUE.DE vs. GACA.DE - Expense Ratio Comparison
USUE.DE has a 0.25% expense ratio, which is higher than GACA.DE's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
USUE.DE vs. GACA.DE - Dividend Comparison
Neither USUE.DE nor GACA.DE has paid dividends to shareholders.
Frequently Asked Questions
USUE.DE and GACA.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GACA.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GACA.DE is cheaper with a 0.14% expense ratio, compared with 0.25% for USUE.DE.
USUE.DE tracks MSCI USA Select Factor Mix, while GACA.DE tracks Goldman Sachs ActiveBeta US Large Cap Equity. They also come from different issuers: UBS and Goldman Sachs. Their fees differ too: 0.25% for USUE.DE and 0.14% for GACA.DE.
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