GUSA vs MHD

Comparison between GOLDMAN SACHS MARKETBETA(R) U.S. 1000 EQUITY ETF (GUSA, ETF) and BlackRock MuniHoldings Fund Inc (MHD, ETF).

GUSA vs MHD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GUSA(ETF)	MHD(ETF)
Net Assets	$2.30B	$2.30B
Expense Ratio	0.10%	N/A
Max Drawdown	19.91%	52.64%
Sharpe Ratio	1.01	0.72
5Y Beta	0.95	0.21
P/E Ratio	29.10	N/A
Forward P/E	20.78	N/A
5Y Dividends CAGR	N/A	1.25%
5Y EPS CAGR	27.82%	N/A
P/S Ratio	3.42	N/A
P/B Ratio	5.31	N/A

Net Assets

GUSA

$2.30B

MHD

$2.30B

Expense Ratio

GUSA

0.10%

MHD

N/A

Max Drawdown

Winner

GUSA

19.91%

MHD

52.64%

Sharpe Ratio

Winner

GUSA

1.01

MHD

0.72

5Y Beta

GUSA

0.95

Winner

MHD

0.21

P/E Ratio

GUSA

29.10

MHD

N/A

Forward P/E

GUSA

20.78

MHD

N/A

5Y Dividends CAGR

GUSA

N/A

MHD

1.25%

5Y EPS CAGR

GUSA

27.82%

MHD

N/A

P/S Ratio

GUSA

3.42

MHD

N/A

P/B Ratio

GUSA

5.31

MHD

N/A

GUSA vs MHD - Historical Returns

Returns include dividend reinvestment.

Period	GUSA	MHD
1 month	+0.58%	-2.07%
3 months	+3.60%	-1.81%
6 months	+7.41%	-0.23%
1 year	+17.13%	+10.13%
5 years(CAGR)	+14.07%	-2.85%
10 years(CAGR)	N/A	+0.36%
Max(CAGR)	+14.07%	+5.67%

Winner

GUSA

+0.58%

MHD

-2.07%

Winner

GUSA

+3.60%

MHD

-1.81%

Winner

GUSA

+7.41%

MHD

-0.23%

Winner

GUSA

+17.13%

MHD

+10.13%

5Y(CAGR)

Winner

GUSA

+14.07%

MHD

-2.85%

10Y(CAGR)

GUSA

N/A

MHD

+0.36%

Max(CAGR)

Winner

GUSA

+14.07%

MHD

+5.67%

GUSA vs MHD - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	GUSA	MHD
2026	+8.53%	+1.29%
2025	+17.75%	+5.29%
2024	+25.28%	+3.21%
2023	+26.99%	+3.58%
2022	-12.70%	-23.27%
2021	N/A	+8.34%
2020	N/A	-0.26%
2019	N/A	+18.83%
2018	N/A	-5.10%
2017	N/A	+7.94%
2016	N/A	-0.22%
2015	N/A	+6.02%
2014	N/A	+26.00%
2013	N/A	-18.16%
2012	N/A	+19.47%
2011	N/A	+18.49%
2010	N/A	+11.41%
2009	N/A	+51.01%
2008	N/A	-26.35%
2007	N/A	-9.29%
2006	N/A	+8.54%
2005	N/A	+10.98%
2004	N/A	+11.87%
2003	N/A	+20.01%
2002	N/A	+6.02%
2001	N/A	+23.87%
2000	N/A	-7.41%
1999	N/A	-0.92%

GUSA vs MHD Drawdown Comparison

The maximum drawdown for GUSA was -19.61%, occurring on Apr 8, 2025. Recovery took 88 trading sessions.

The maximum drawdown for MHD was -45.88%, occurring on Dec 16, 2008. Recovery took 394 trading sessions.

The current GUSA drawdown is -2.56%. The current MHD drawdown is -14.76%.

Rank	GUSA	MHD
#1	-19.61% Feb 19, 2025 - Jun 26, 2025	-45.88% Feb 12, 2008 - Sep 3, 2009
#2	-19.30% Apr 20, 2022 - Jun 30, 2023	-36.66% Dec 20, 2021 - Oct 25, 2023
#3	-10.25% Jul 31, 2023 - Dec 1, 2023	-31.31% Feb 24, 2020 - May 24, 2021
#4	-9.01% Jan 12, 2026 - Apr 15, 2026	-24.35% Feb 11, 2013 - Jan 6, 2015
#5	-8.61% Jul 16, 2024 - Sep 19, 2024	-18.10% Aug 3, 2017 - May 16, 2019
#6	-5.69% Mar 28, 2024 - May 15, 2024	-17.00% Jul 7, 2000 - Apr 12, 2001
#7	-5.26% Oct 28, 2025 - Dec 10, 2025	-15.77% Jul 1, 2016 - Jul 21, 2017
#8	-4.33% Dec 6, 2024 - Jan 23, 2025	-15.08% Sep 10, 2010 - Sep 6, 2011
#9	-4.31% Jun 2, 2026 - Jun 10, 2026	-14.85% Mar 17, 2004 - Aug 31, 2004
#10	-2.98% Oct 8, 2025 - Oct 24, 2025	-13.53% May 11, 2007 - Feb 8, 2008
#11	-2.73% Dec 11, 2025 - Dec 24, 2025	-10.05% Oct 8, 2001 - Aug 5, 2002
#12	-2.58% Oct 18, 2024 - Nov 6, 2024	-10.05% Feb 3, 2015 - Oct 28, 2015
#13	-2.36% Jul 25, 2025 - Aug 12, 2025	-9.89% Nov 2, 1999 - Jun 30, 2000
#14	-2.17% Nov 11, 2024 - Nov 25, 2024	-9.42% Jul 1, 2019 - Nov 29, 2019
#15	-2.16% Dec 28, 2023 - Jan 19, 2024	-8.96% Nov 29, 2012 - Jan 11, 2013

Correlation

Correlation between GUSA and MHD is 0.81 which considered as a strong positive correlation - the stocks tend to move together.

0.81

-101

Dividend Comparison (2000 - 2026)

GUSA vs MHD dividend yield comparison.

Year	GUSA	MHD
2026	0.54%	3.64%
2025	0.99%	6.08%
2024	1.16%	5.58%
2023	1.36%	3.82%
2022	1.00%	5.63%
2021	0.00%	4.34%
2020	0.00%	4.49%
2019	0.00%	4.62%
2018	0.00%	6.11%
2017	0.00%	5.86%
2016	0.00%	6.16%
2015	0.00%	6.25%
2014	0.00%	6.20%
2013	0.00%	7.66%
2012	0.00%	7.14%
2011	0.00%	6.57%
2010	0.00%	7.69%
2009	0.00%	6.65%
2008	0.00%	8.83%
2007	0.00%	6.57%
2006	0.00%	5.62%
2005	0.00%	6.86%
2004	0.00%	7.22%
2003	0.00%	7.01%
2002	0.00%	6.90%
2001	0.00%	6.24%
2000	0.00%	2.80%