OPER vs GSEU

Comparison between CLEARSHARES ULTRA-SHORT MATURITY ETF (OPER, ETF) and GOLDMAN SACHS ACTIVEBETA(R) EUROPE EQUITY ETF (GSEU, ETF).

5-Year PerformanceGSEU has outperformed OPER, delivering a return of +8.3% compared to +3.7%

OPER vs GSEU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OPER(ETF)	GSEU(ETF)
Net Assets	$118M	$117M
Expense Ratio	0.20%	0.25%
Max Drawdown	3.00%	39.42%
Sharpe Ratio	1.06	0.97
5Y Beta	0.00	0.68
5Y Dividends CAGR	59.13%	15.50%

Net Assets

Winner

OPER

$118M

GSEU

$117M

Expense Ratio

Winner

OPER

0.20%

GSEU

0.25%

Max Drawdown

Winner

OPER

3.00%

GSEU

39.42%

Sharpe Ratio

Winner

OPER

1.06

GSEU

0.97

5Y Beta

Winner

OPER

0.00

GSEU

0.68

5Y Dividends CAGR

Winner

OPER

59.13%

GSEU

15.50%

OPER vs GSEU - Historical Returns

Returns include dividend reinvestment.

Period	OPER	GSEU
1 month	+0.28%	+4.75%
3 months	+0.90%	+8.22%
6 months	+1.82%	+9.59%
1 year	+4.00%	+19.48%
5 years(CAGR)	+3.67%	+8.29%
10 years(CAGR)	N/A	+10.14%
Max(CAGR)	+2.79%	+9.61%

OPER

+0.28%

Winner

GSEU

+4.75%

OPER

+0.90%

Winner

GSEU

+8.22%

OPER

+1.82%

Winner

GSEU

+9.59%

OPER

+4.00%

Winner

GSEU

+19.48%

5Y(CAGR)

OPER

+3.67%

Winner

GSEU

+8.29%

10Y(CAGR)

OPER

N/A

GSEU

+10.14%

Max(CAGR)

OPER

+2.79%

Winner

GSEU

+9.61%

OPER vs GSEU - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	OPER	GSEU
2026	+1.62%	+7.31%
2025	+4.36%	+36.61%
2024	+5.33%	+3.19%
2023	+5.06%	+19.66%
2022	+1.75%	-18.32%
2021	+0.37%	+15.89%
2020	+0.64%	+5.86%
2019	+2.15%	+25.35%
2018	+0.90%	-14.27%
2017	N/A	+27.21%
2016	N/A	+2.19%

OPER vs GSEU Drawdown Comparison

The maximum drawdown for OPER was -2.33%, occurring on Nov 19, 2018. Recovery took 280 trading sessions.

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

The current OPER drawdown is -0.00%.

Rank	OPER	GSEU
#1	-2.33% Nov 15, 2018 - Dec 30, 2019	-35.71% Jan 17, 2020 - Nov 19, 2020
#2	-0.13% Feb 24, 2022 - May 12, 2022	-34.03% Sep 2, 2021 - Mar 7, 2024
#3	-0.11% Mar 28, 2024 - Apr 2, 2024	-22.26% Jan 26, 2018 - Dec 27, 2019
#4	-0.11% Mar 17, 2020 - May 26, 2020	-14.12% Mar 7, 2025 - Apr 28, 2025
#5	-0.09% Mar 31, 2025 - Apr 8, 2025	-12.51% Jun 8, 2016 - Sep 2, 2016
#6	-0.07% Apr 29, 2026 - May 11, 2026	-11.90% Feb 25, 2026 - Jun 12, 2026
#7	-0.07% Mar 13, 2023 - Mar 20, 2023	-10.90% Sep 26, 2024 - Mar 3, 2025
#8	-0.05% Mar 2, 2021 - Mar 17, 2021	-9.25% Sep 7, 2016 - Mar 1, 2017
#9	-0.05% Mar 25, 2024 - Mar 27, 2024	-7.48% Jun 5, 2024 - Aug 23, 2024
#10	-0.05% Mar 30, 2023 - Apr 3, 2023	-5.29% Nov 12, 2025 - Dec 10, 2025
#11	-0.04% Nov 23, 2022 - Nov 28, 2022	-5.05% Jul 23, 2025 - Aug 20, 2025
#12	-0.04% May 12, 2026 - May 15, 2026	-4.64% Jun 15, 2021 - Aug 3, 2021
#13	-0.04% Jan 27, 2022 - Feb 24, 2022	-4.56% Mar 27, 2024 - May 8, 2024
#14	-0.03% Oct 5, 2023 - Oct 9, 2023	-4.27% Jan 8, 2021 - Feb 12, 2021
#15	-0.03% Dec 12, 2023 - Dec 15, 2023	-4.27% Apr 20, 2016 - Jun 7, 2016

Correlation

Correlation between OPER and GSEU is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2016 - 2026)

OPER vs GSEU dividend yield comparison.

Year	OPER	GSEU
2026	1.50%	0.00%
2025	4.32%	2.72%
2024	5.21%	2.35%
2023	5.03%	3.41%
2022	1.71%	3.34%
2021	0.36%	2.71%
2020	0.64%	1.84%
2019	2.08%	3.69%
2018	0.89%	3.40%
2017	0.00%	2.51%
2016	0.00%	2.74%