Goldman Sachs Hedge Industry VIP ETF (GVIP) belongs to the Large Cap Growth Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with GVIP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GVIP
GVIP charges 0.45% annually. There are 91 ETFs in the Large Cap Growth Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Growth ETF | 0.03% | 393.80B | Jan 2004 | GVIP vs VUG | |
| iShares Morningstar U.S. Equity ETF | 0.03% | 1.29B | Jun 2004 | GVIP vs ILCB | |
| Schwab U.S. Large-Cap Growth ETF | 0.04% | 60.56B | Dec 2009 | GVIP vs SCHG | |
| iShares Morningstar Growth ETF | 0.04% | 3.24B | Jun 2004 | GVIP vs ILCG | |
| Invesco PureBeta MSCI USA ETF | 0.04% | 11.43B | Sep 2017 | GVIP vs PBUS |
Best Risk-Adjusted Alternatives to GVIP
GVIP has a PortfoliosLab risk / return rank of 50. There are 68 ETFs in the Large Cap Growth Equities category with higher risk-adjusted ranks, going as high as 89.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Hartford Multifactor US Equity ETF | 89 | 692.72M | Feb 2015 | GVIP vs ROUS | |
| Impact Shares NAACP Minority Empowerment ETF | 87 | 59.00M | Jul 2018 | GVIP vs NACP | |
| RiverFront Dynamic US Dividend Advantage ETF | 86 | 87.62M | Jun 2016 | GVIP vs RFDA | |
| PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 86 | 290.05M | Aug 2017 | GVIP vs MFUS | |
| iShares Core Dividend Growth ETF | 86 | 42.05B | Jun 2014 | GVIP vs DGRO |
Top Performing GVIP Alternatives (YTD)
GVIP is at 14.44% YTD. There are 33 ETFs in the Large Cap Growth Equities category with higher YTD returns, going as high as 34.03%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| SMART Earnings Growth ETF | 34.03% | 50.41M | Aug 2025 | GVIP vs SGRT | |
| Mango Growth ETF | 30.03% | 239.95M | Dec 2025 | GVIP vs GARY | |
| US Vegan Climate ETF | 28.42% | 186.14M | Sep 2019 | GVIP vs VEGN | |
| F/m Emerald Special Situations ETF | 27.30% | 29.00M | Aug 2014 | GVIP vs SPIT | |
| Invesco S&P 500 Pure Growth ETF | 26.05% | 2.19B | Mar 2006 | GVIP vs RPG |
Lowest Volatility Alternatives to GVIP
GVIP has 21.81% 1-year volatility. There are 186 ETFs in the Large Cap Growth Equities category with lower 1-year volatility, going as low as 8.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Core Alternative ETF | 8.01% | 39.10M | May 2017 | GVIP vs CCOR | |
| SPDR MSCI USA StrategicFactors ETF | 9.15% | 1.54B | Apr 2015 | GVIP vs QUS | |
| Invesco Dividend Achievers™ ETF | 9.40% | 785.89M | Sep 2005 | GVIP vs PFM | |
| iShares Core Dividend Growth ETF | 9.50% | 42.05B | Jun 2014 | GVIP vs DGRO | |
| T. Rowe Price Dividend Growth ETF | 9.71% | 1.39B | Aug 2020 | GVIP vs TDVG |
Lowest Drawdown Alternatives to GVIP
GVIP has a 1-year max drawdown of -13.67%. There are 103 ETFs in the Large Cap Growth Equities category with shallower 1-year drawdowns, going as shallow as -5.45%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverFront Dynamic US Dividend Advantage ETF | -5.45% | 87.62M | Jun 2016 | GVIP vs RFDA | |
| Hartford Multifactor US Equity ETF | -5.97% | 692.72M | Feb 2015 | GVIP vs ROUS | |
| PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | -6.39% | 290.05M | Aug 2017 | GVIP vs MFUS | |
| iShares Core Dividend Growth ETF | -6.47% | 42.05B | Jun 2014 | GVIP vs DGRO | |
| SPDR MSCI USA StrategicFactors ETF | -6.85% | 1.54B | Apr 2015 | GVIP vs QUS |
Other ETFs from Goldman Sachs
The 10 most viewed Goldman Sachs ETFs shown here include GPIQ, GPIX, AAAU and span 13 categories. AUM among these funds goes as high as $15B.
Often Compared With GVIP
Investors most often compare GVIP with SPY, VOO, ALLW. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare GVIP with Any Fund or Stock
Compare GVIP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GVIP with funds that move differently
Goldman Sachs Hedge Industry VIP ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GVIP.
Explore GVIP Diversifiers