GSEU vs ERH

Comparison between GOLDMAN SACHS ACTIVEBETA(R) EUROPE EQUITY ETF (GSEU, ETF) and Allspring Utilities and High Income Fund (ERH, ETF).

5-Year PerformanceGSEU has outperformed ERH, delivering a return of +9.2% compared to +3.3%

GSEU vs ERH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GSEU(ETF)	ERH(ETF)
Net Assets	$121M	$121M
Expense Ratio	0.25%	N/A
Max Drawdown	39.42%	74.70%
Sharpe Ratio	0.97	0.11
5Y Beta	0.67	0.27
5Y Dividends CAGR	14.37%	1.79%

Net Assets

Winner

GSEU

$121M

ERH

$121M

Expense Ratio

GSEU

0.25%

ERH

N/A

Max Drawdown

Winner

GSEU

39.42%

ERH

74.70%

Sharpe Ratio

Winner

GSEU

0.97

ERH

0.11

5Y Beta

GSEU

0.67

Winner

ERH

0.27

5Y Dividends CAGR

Winner

GSEU

14.37%

ERH

1.79%

GSEU vs ERH - Historical Returns

Returns include dividend reinvestment.

Period	GSEU	ERH
1 month	+4.80%	-2.20%
3 months	+5.44%	-1.59%
6 months	+4.89%	-4.53%
1 year	+20.96%	+4.24%
5 years(CAGR)	+9.17%	+3.35%
10 years(CAGR)	+9.90%	+6.32%
Max(CAGR)	+9.91%	+6.94%

Winner

GSEU

+4.80%

ERH

-2.20%

Winner

GSEU

+5.44%

ERH

-1.59%

Winner

GSEU

+4.89%

ERH

-4.53%

Winner

GSEU

+20.96%

ERH

+4.24%

5Y(CAGR)

Winner

GSEU

+9.17%

ERH

+3.35%

10Y(CAGR)

Winner

GSEU

+9.90%

ERH

+6.32%

Max(CAGR)

Winner

GSEU

+9.91%

ERH

+6.94%

GSEU vs ERH - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	GSEU	ERH
2026	+12.41%	+3.09%
2025	+36.61%	+19.30%
2024	+3.19%	+24.86%
2023	+19.66%	-11.14%
2022	-18.32%	-18.66%
2021	+15.89%	+24.09%
2020	+5.86%	-2.29%
2019	+25.35%	+31.38%
2018	-14.27%	-8.20%
2017	+27.21%	+18.00%
2016	+2.19%	+15.44%
2015	N/A	-7.58%
2014	N/A	+16.65%
2013	N/A	+13.20%
2012	N/A	+9.30%
2011	N/A	+3.37%
2010	N/A	-17.01%
2009	N/A	+39.98%
2008	N/A	-51.44%
2007	N/A	+16.01%
2006	N/A	+63.33%
2005	N/A	+15.48%
2004	N/A	+9.31%

GSEU vs ERH Drawdown Comparison

The maximum drawdown for GSEU was -35.71%, occurring on Mar 18, 2020. Recovery took 213 trading sessions.

The maximum drawdown for ERH was -69.81%, occurring on Mar 9, 2009. Recovery took 2326 trading sessions.

The current ERH drawdown is -6.71%.

Rank	GSEU	ERH
#1	-35.71% Jan 17, 2020 - Nov 19, 2020	-69.81% Jan 11, 2008 - Apr 7, 2017
#2	-34.03% Sep 2, 2021 - Mar 7, 2024	-46.06% Feb 20, 2020 - Jun 10, 2021
#3	-22.26% Jan 26, 2018 - Dec 27, 2019	-37.84% Dec 15, 2021 - Jun 3, 2025
#4	-14.12% Mar 7, 2025 - Apr 28, 2025	-25.62% Apr 12, 2007 - Oct 23, 2007
#5	-12.51% Jun 8, 2016 - Sep 2, 2016	-14.12% May 3, 2004 - Nov 4, 2004
#6	-11.90% Feb 25, 2026 - Jun 12, 2026	-13.93% Dec 12, 2017 - Aug 10, 2018
#7	-10.90% Sep 26, 2024 - Mar 3, 2025	-13.90% Nov 13, 2007 - Dec 31, 2007
#8	-9.25% Sep 7, 2016 - Mar 1, 2017	-12.90% Sep 13, 2018 - Feb 4, 2019
#9	-7.48% Jun 5, 2024 - Aug 23, 2024	-12.85% Sep 14, 2021 - Dec 6, 2021
#10	-5.29% Nov 12, 2025 - Dec 10, 2025	-10.95% Jan 3, 2007 - Mar 21, 2007
#11	-5.05% Jul 23, 2025 - Aug 20, 2025	-9.36% Oct 7, 2025 - Feb 25, 2026
#12	-4.64% Jun 15, 2021 - Aug 3, 2021	-8.83% May 4, 2026 - May 18, 2026
#13	-4.56% Mar 27, 2024 - May 8, 2024	-8.38% Feb 27, 2026 - May 1, 2026
#14	-4.27% Jan 8, 2021 - Feb 12, 2021	-7.79% Oct 4, 2005 - Jan 18, 2006
#15	-4.27% Apr 20, 2016 - Jun 7, 2016	-6.40% Mar 7, 2005 - Jun 7, 2005

Correlation

Correlation between GSEU and ERH is 0.90 which considered as a strong positive correlation - the stocks tend to move together.

0.90

-101

Dividend Comparison (2004 - 2026)

GSEU vs ERH dividend yield comparison.

Year	GSEU	ERH
2026	1.84%	5.95%
2025	2.72%	8.13%
2024	2.35%	7.15%
2023	3.41%	9.19%
2022	3.34%	8.09%
2021	2.71%	5.86%
2020	1.84%	7.20%
2019	3.69%	6.53%
2018	3.40%	8.06%
2017	2.51%	6.82%
2016	2.74%	7.53%
2015	0.00%	8.04%
2014	0.00%	7.03%
2013	0.00%	7.63%
2012	0.00%	8.05%
2011	0.00%	8.07%
2010	0.00%	8.67%
2009	0.00%	8.96%
2008	0.00%	23.94%
2007	0.00%	15.45%
2006	0.00%	12.10%
2005	0.00%	20.46%
2004	0.00%	5.12%