GSEU vs KCCA

Comparison between GOLDMAN SACHS ACTIVEBETA(R) EUROPE EQUITY ETF (GSEU, ETF) and KRANESHARES CALIFORNIA CARBON ALLOWANCE STRATEGY ETF (KCCA, ETF).

5-Year PerformanceGSEU has outperformed KCCA, delivering a return of +8.5% compared to -2.7%

GSEU vs KCCA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GSEU(ETF)	KCCA(ETF)
Net Assets	$117M	$118M
Expense Ratio	0.25%	0.91%
Max Drawdown	39.42%	54.18%
Sharpe Ratio	0.97	0.78
5Y Beta	0.68	-0.11
5Y Dividends CAGR	15.50%	N/A

Net Assets

GSEU

$117M

Winner

KCCA

$118M

Expense Ratio

Winner

GSEU

0.25%

KCCA

0.91%

Max Drawdown

Winner

GSEU

39.42%

KCCA

54.18%

Sharpe Ratio

Winner

GSEU

0.97

KCCA

0.78

5Y Beta

GSEU

0.68

Winner

KCCA

-0.11

5Y Dividends CAGR

GSEU

15.50%

KCCA

N/A

GSEU vs KCCA - Holdings Comparison

GSEU and KCCA have 0 common holdings. Overlap is 0.00%

GSEU's top 25 holdings weight is 31.24%. KCCA's top 25 holdings weight is 80.75%.

Rank	GSEU	KCCA
#1	ASML HOLDING NV (n/a) - 4.26%	KRANESHARES SUST ULTRA SHRT DUR IDX ETF (KCSH) - 75.88%
#2	n/a (n/a) - 1.95%	STATE STREET INSTL US GOVT MMKT PREMIER (GVMXX) - 4.87%
#3	HSBC HOLDINGS PLC (n/a) - 1.85%	N/A
#4	ROCHE HOLDING AG ORDINARY SHARES NEW (n/a) - 1.80%	N/A
#5	NOVARTIS AG REGISTERED SHARES (n/a) - 1.79%	N/A
#6	ASTRAZENECA PLC (AZN:XLON) - 1.65%	N/A
#7	GOLDMAN SACHS FS TREASURY OBLIGS INSTL (FTOXX) - 1.55%	N/A
#8	SHELL PLC (n/a) - 1.37%	N/A
#9	BANCO SANTANDER SA (n/a) - 1.30%	N/A
#10	SIEMENS AG (n/a) - 1.26%	N/A
#11	NESTLE SA (n/a) - 1.19%	N/A
#12	SAP SE (n/a) - 1.01%	N/A
#13	ALLIANZ SE (n/a) - 0.98%	N/A
#14	TOTALENERGIES SE (TTE) - 0.90%	N/A
#15	SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 0.85%	N/A
#16	SCHNEIDER ELECTRIC SE (n/a) - 0.83%	N/A
#17	BANCO BILBAO VIZCAYA ARGENTARIA SA (n/a) - 0.81%	N/A
#18	NOVO NORDISK AS CLASS B (n/a) - 0.80%	N/A
#19	IBERDROLA SA (n/a) - 0.77%	N/A
#20	KONINKLIJKE AHOLD DELHAIZE NV (n/a) - 0.77%	N/A
#21	BOUYGUES (n/a) - 0.73%	N/A
#22	GSK PLC (n/a) - 0.72%	N/A
#23	ABB LTD (n/a) - 0.72%	N/A
#24	BARCLAYS PLC (n/a) - 0.69%	N/A
#25	BNP PARIBAS ACT. CAT.A (n/a) - 0.69%	N/A
Total Holdings	347	2

GSEU vs KCCA - Historical Returns

Returns include dividend reinvestment.

Period	GSEU	KCCA
1 month	+4.94%	+8.93%
3 months	+8.41%	+12.46%
6 months	+10.15%	+1.98%
1 year	+19.69%	+16.81%
5 years(CAGR)	+8.51%	-2.68%
10 years(CAGR)	+10.04%	N/A
Max(CAGR)	+9.62%	-2.68%

GSEU

+4.94%

Winner

KCCA

+8.93%

GSEU

+8.41%

Winner

KCCA

+12.46%

Winner

GSEU

+10.15%

KCCA

+1.98%

Winner

GSEU

+19.69%

KCCA

+16.81%

5Y(CAGR)

Winner

GSEU

+8.51%

KCCA

-2.68%

10Y(CAGR)

GSEU

+10.04%

KCCA

N/A

Max(CAGR)

Winner

GSEU

+9.62%

KCCA

-2.68%

GSEU vs KCCA - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	GSEU	KCCA
2026	+7.49%	-3.03%
2025	+36.61%	-11.72%
2024	+3.19%	-15.68%
2023	+19.66%	+36.55%
2022	-18.32%	-19.70%
2021	+15.89%	+8.91%
2020	+5.86%	N/A
2019	+25.35%	N/A
2018	-14.27%	N/A
2017	+27.21%	N/A
2016	+2.19%	N/A

GSEU vs KCCA Drawdown Comparison

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

The maximum drawdown for KCCA was -41.11%, occurring on Apr 14, 2025. This drawdown has not yet recovered.

The current KCCA drawdown is -30.00%.

Rank	GSEU	KCCA
#1	-35.71% Jan 17, 2020 - Nov 19, 2020	-41.11% Feb 5, 2024 - Apr 14, 2025
#2	-34.03% Sep 2, 2021 - Mar 7, 2024	-34.85% Nov 15, 2021 - Jan 5, 2024
#3	-22.26% Jan 26, 2018 - Dec 27, 2019	-7.15% Oct 5, 2021 - Oct 22, 2021
#4	-14.12% Mar 7, 2025 - Apr 28, 2025	-2.08% Oct 25, 2021 - Oct 29, 2021
#5	-12.51% Jun 8, 2016 - Sep 2, 2016	-1.69% Jan 19, 2024 - Feb 1, 2024
#6	-11.90% Feb 25, 2026 - Jun 12, 2026	-1.40% Nov 1, 2021 - Nov 9, 2021
#7	-10.90% Sep 26, 2024 - Mar 3, 2025	-1.32% Jan 8, 2024 - Jan 17, 2024
#8	-9.25% Sep 7, 2016 - Mar 1, 2017	-0.16% Jan 17, 2024 - Jan 19, 2024
#9	-7.48% Jun 5, 2024 - Aug 23, 2024	N/A
#10	-5.29% Nov 12, 2025 - Dec 10, 2025	N/A
#11	-5.05% Jul 23, 2025 - Aug 20, 2025	N/A
#12	-4.64% Jun 15, 2021 - Aug 3, 2021	N/A
#13	-4.56% Mar 27, 2024 - May 8, 2024	N/A
#14	-4.27% Jan 8, 2021 - Feb 12, 2021	N/A
#15	-4.27% Apr 20, 2016 - Jun 7, 2016	N/A

Correlation

Correlation between GSEU and KCCA is -0.44 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.44

-101