- ISIN
- US3814303620
- CUSIP
- 381430362
- Issuer
- Goldman Sachs
- Inception Date
- Oct 2, 2018
- Region
- North America (U.S.)
- Category
- Inflation-Protected Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $276M
Share Price Chart
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Performance
GTIP Performance Chart
Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) is up 0.8% since the beginning of the year. GTIP is currently trading at $49 per share. Investors who bought $1,000 worth of GTIP shares 5 years ago would now be looking at an investment worth $1,046.
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Returns By Period
Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) has returned 0.84% so far this year and 3.50% over the past 12 months.
Goldman Sachs Access Inflation Protected USD Bond ETF
- 1D
- -0.49%
- 1M
- -0.13%
- YTD
- 0.84%
- 6M
- 0.90%
- 1Y
- 3.50%
- 3Y*
- 3.61%
- 5Y*
- 0.90%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GTIP Monthly Returns History
Based on dividend-adjusted daily data since Oct 4, 2018, GTIP's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.
Historically, 62% of months were positive and 38% were negative. The best month was Jul 2022 with a return of +4.3%, while the worst month was Sep 2022 at -6.6%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 7 months.
On a daily basis, GTIP closed higher 52% of trading days. The best single day was Mar 20, 2020 with a return of +3.9%, while the worst single day was Mar 11, 2020 at -2.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.58% | 1.27% | -1.35% | 1.09% | 0.15% | -0.88% | 0.84% | ||||||
| 2025 | 1.17% | 2.18% | 0.71% | 0.15% | -0.70% | 1.03% | 0.04% | 1.59% | 0.42% | 0.30% | 0.29% | -0.69% | 6.63% |
| 2024 | 0.30% | -0.92% | 0.74% | -1.73% | 1.76% | 0.86% | 1.66% | 0.83% | 1.52% | -1.85% | 0.51% | -1.56% | 2.04% |
| 2023 | 1.94% | -1.20% | 3.04% | -0.01% | -1.20% | -0.26% | -0.04% | -0.77% | -1.91% | -0.68% | 2.63% | 2.43% | 3.88% |
| 2022 | -2.16% | 0.94% | -1.89% | -2.24% | -0.87% | -3.18% | 4.30% | -2.63% | -6.60% | 1.20% | 1.91% | -1.21% | -12.14% |
| 2021 | 0.28% | -1.56% | -0.14% | 1.36% | 1.08% | 0.69% | 2.58% | -0.11% | -0.71% | 1.13% | 0.88% | 0.29% | 5.86% |
Benchmark Metrics
Goldman Sachs Access Inflation Protected USD Bond ETF has an annualized alpha of 2.95%, beta of 0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 04, 2018.
- This ETF participated in 18.00% of S&P 500 Index downside but only 15.62% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.03 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.95%
- Beta
- 0.03
- R²
- 0.01
- Upside Capture
- 15.62%
- Downside Capture
- 18.00%
Expense Ratio
GTIP has an expense ratio of 0.12%, which is considered low.
Return for Risk
Risk / Return Rank
GTIP ranks 32 for risk / return — below 32% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GTIP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.78 | -1.04 |
| Martin ratioReturn relative to average drawdown | 5.43 | 12.44 | -7.00 |
Dividends
Dividend History
Goldman Sachs Access Inflation Protected USD Bond ETF provided a 4.73% dividend yield over the last twelve months, with an annual payout of $2.30 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.30 | $2.25 | $1.70 | $1.36 | $3.13 | $2.23 | $0.60 | $1.23 | $0.33 |
Dividend yield | 4.73% | 4.58% | 3.52% | 2.77% | 6.47% | 3.82% | 1.04% | 2.34% | 0.66% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Access Inflation Protected USD Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.12 | $0.30 | $0.54 | $0.95 | ||||||
| 2025 | $0.00 | $0.00 | $0.06 | $0.39 | $0.29 | $0.17 | $0.22 | $0.17 | $0.22 | $0.15 | $0.21 | $0.38 | $2.25 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.12 | $0.38 | $0.37 | $0.22 | $0.14 | $0.05 | $0.10 | $0.08 | $0.24 | $1.70 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.04 | $0.25 | $0.14 | $0.23 | $0.12 | $0.15 | $0.08 | $0.22 | $0.13 | $1.36 |
| 2022 | $0.00 | $0.18 | $0.10 | $0.39 | $0.40 | $0.62 | $0.22 | $0.50 | $0.65 | $0.00 | $0.00 | $0.08 | $3.13 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.12 | $0.22 | $0.26 | $0.35 | $0.29 | $0.39 | $0.17 | $0.03 | $0.41 | $2.23 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs Access Inflation Protected USD Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Goldman Sachs Access Inflation Protected USD Bond ETF was 14.31%, occurring on Oct 10, 2022. Recovery took 838 trading sessions.
The current Goldman Sachs Access Inflation Protected USD Bond ETF drawdown is 1.01%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -14.31%Oct 2022 | 11mo 4d | 3y 4mo | 4y 3moNov 2021 - Feb 2026 |
COVID crash2020 | -10.55%Mar 2020 | 9d | 2mo 24d | 3mo 3dMar 2020 - Jun 2020 |
2021 pullback2021 | -2.86%Feb 2021 | 27d | 2mo 9d | 3mo 6dJan 2021 - May 2021 |
2019 pullback2019 | -2.38%Sep 2019 | 14d | 3mo 22d | 4mo 6dAug 2019 - Jan 2020 |
2026 pullback2026 | -2.02%Mar 2026 | 25d | 1mo 5d | 2moMar 2026 - May 2026 |
Drawdown Indicators
| GTIP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -56.78% | +42.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -9.10% | +7.08% |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | -18.90% | +14.43% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -25.43% | +11.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.01% | -1.80% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -10.71% | +6.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 2.03% | -1.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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