GCAL vs IEUS
Comparison between GOLDMAN SACHS DYNAMIC CALIFORNIA MUNICIPAL INCOME ETF (GCAL, ETF) and ISHARES MSCI EUROPE SMALL-CAP ETF (IEUS, ETF).
GCAL vs IEUS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GCAL
$173M
Winner
IEUS
$173M
Expense Ratio
Winner
GCAL
0.30%
IEUS
0.41%
Max Drawdown
Winner
GCAL
5.11%
IEUS
63.29%
Sharpe Ratio
Winner
GCAL
0.95
IEUS
0.35
5Y Beta
Winner
GCAL
0.01
IEUS
0.82
5Y Dividends CAGR
GCAL
N/A
IEUS
18.78%
GCAL vs IEUS - Historical Returns
Returns include dividend reinvestment.
1M
GCAL
-1.08%
Winner
IEUS
+0.87%
3M
GCAL
-0.50%
Winner
IEUS
-0.23%
6M
Winner
GCAL
+0.16%
IEUS
-0.79%
1Y
Winner
GCAL
+5.35%
IEUS
+4.63%
5Y(CAGR)
GCAL
N/A
IEUS
+2.99%
10Y(CAGR)
GCAL
N/A
IEUS
+8.11%
Max(CAGR)
GCAL
+3.47%
Winner
IEUS
+5.08%
GCAL vs IEUS - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | GCAL | IEUS |
|---|---|---|
| 2026 | +0.65% | +3.31% |
| 2025 | +4.44% | +32.60% |
| 2024 | +1.65% | +0.48% |
| 2023 | N/A | +15.88% |
| 2022 | N/A | -27.58% |
| 2021 | N/A | +14.12% |
| 2020 | N/A | +12.04% |
| 2019 | N/A | +29.83% |
| 2018 | N/A | -20.94% |
| 2017 | N/A | +34.92% |
| 2016 | N/A | +0.02% |
| 2015 | N/A | +11.00% |
| 2014 | N/A | -3.13% |
| 2013 | N/A | +24.70% |
| 2012 | N/A | +18.87% |
| 2011 | N/A | -19.49% |
| 2010 | N/A | +16.64% |
| 2009 | N/A | +40.90% |
| 2008 | N/A | -47.75% |
| 2007 | N/A | -0.03% |
GCAL vs IEUS Drawdown Comparison
The maximum drawdown for GCAL was -4.39%, occurring on Apr 11, 2025. Recovery took 130 trading sessions.
The maximum drawdown for IEUS was -62.11%, occurring on Mar 9, 2009. Recovery took 1447 trading sessions.
The current GCAL drawdown is -1.54%. The current IEUS drawdown is -3.68%.
| Rank | GCAL | IEUS |
|---|---|---|
| #1 | -4.39% Mar 3, 2025 - Sep 8, 2025 | -62.11% Dec 10, 2007 - Sep 10, 2013 |
| #2 | -2.24% Feb 27, 2026 - Jun 26, 2026 | -44.82% Sep 2, 2021 - Jun 27, 2025 |
| #3 | -1.97% Dec 4, 2024 - Feb 25, 2025 | -44.21% Jan 26, 2018 - Nov 23, 2020 |
| #4 | -1.92% Oct 1, 2024 - Dec 2, 2024 | -18.57% May 15, 2015 - Mar 16, 2017 |
| #5 | -1.54% Jul 2, 2026 - Jul 23, 2026 | -17.73% Jul 3, 2014 - May 8, 2015 |
| #6 | -0.80% Aug 5, 2024 - Sep 4, 2024 | -12.81% Feb 10, 2026 - Apr 17, 2026 |
| #7 | -0.45% Sep 17, 2025 - Oct 8, 2025 | -7.69% Jul 23, 2025 - Dec 23, 2025 |
| #8 | -0.40% Nov 11, 2025 - Nov 25, 2025 | -7.38% Jan 22, 2014 - Feb 28, 2014 |
| #9 | -0.36% Jan 16, 2026 - Jan 30, 2026 | -6.90% Jun 8, 2021 - Aug 3, 2021 |
| #10 | -0.35% Nov 26, 2025 - Dec 18, 2025 | -5.07% May 26, 2026 - Jun 26, 2026 |
| #11 | -0.27% Oct 24, 2025 - Nov 10, 2025 | -4.80% Apr 17, 2026 - May 26, 2026 |
| #12 | -0.16% Sep 16, 2024 - Sep 27, 2024 | -4.27% Jan 8, 2021 - Feb 5, 2021 |
| #13 | -0.14% Dec 24, 2025 - Dec 29, 2025 | -3.66% Apr 9, 2014 - Jun 5, 2014 |
| #14 | -0.10% Oct 22, 2025 - Oct 24, 2025 | -3.59% Oct 13, 2017 - Dec 18, 2017 |
| #15 | -0.09% Feb 25, 2025 - Feb 28, 2025 | -3.58% Feb 16, 2021 - Mar 16, 2021 |
Correlation
Correlation between GCAL and IEUS is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
0.82
-101
Dividend Comparison (2007 - 2026)
GCAL vs IEUS dividend yield comparison.
| Year | GCAL | IEUS |
|---|---|---|
| 2026 | 1.82% | 2.07% |
| 2025 | 3.06% | 3.19% |
| 2024 | 1.41% | 3.25% |
| 2023 | 0.00% | 2.97% |
| 2022 | 0.00% | 3.00% |
| 2021 | 0.00% | 2.63% |
| 2020 | 0.00% | 1.21% |
| 2019 | 0.00% | 4.03% |
| 2018 | 0.00% | 3.21% |
| 2017 | 0.00% | 2.13% |
| 2016 | 0.00% | 2.48% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 2.38% |
| 2013 | 0.00% | 2.50% |
| 2012 | 0.00% | 3.61% |
| 2011 | 0.00% | 3.13% |
| 2010 | 0.00% | 2.45% |
| 2009 | 0.00% | 2.33% |
| 2008 | 0.00% | 4.17% |
| 2007 | 0.00% | 0.20% |
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