BAI vs. GINN

Last updated Jun 24, 2026

BAI (iShares A.I. Innovation and Tech Active ETF) and GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) are both Technology Equities funds. BAI is actively managed, while GINN is passively managed. Over the past year, BAI returned 86.14% vs 20.17% for GINN. A 0.76 correlation means they provide meaningful diversification when combined. BAI charges 0.55%/yr vs 0.50%/yr for GINN.

Performance

BAI vs. GINN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares A.I. Innovation and Tech Active ETF (BAI) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAI achieves a 49.94% return, which is significantly higher than GINN's 5.00% return.

BAI

• 1D: -7.93%
• 1M: 4.43%
• YTD: 49.94%
• 6M: 47.29%
• 1Y: 86.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GINN

• 1D: -1.06%
• 1M: -1.95%
• YTD: 5.00%
• 6M: 3.65%
• 1Y: 20.17%
• 3Y*: 18.28%
• 5Y*: 5.45%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BAI vs. GINN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BAI iShares A.I. Innovation and Tech Active ETF	49.94%	25.22%	8.89%
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	5.00%	20.25%	1.33%

Correlation

The correlation between BAI and GINN is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024	0.76

The correlation between BAI and GINN has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.

BAI vs. GINN - Sectors Allocation Comparison

Sectors	BAI	GINN
Technology	88.8%	32.6%
Industrials	4.6%	4.7%
Communication Services	3.9%	10.7%
Consumer Cyclical	2.6%	12.7%
Healthcare	0.7%	20.6%
Basic Materials	-	0.1%
Consumer Defensive	-	1.8%
Energy	-	1.7%
Financial Services	-	12.4%
Real Estate	-	0.6%
Utilities	-	1.7%

Return for Risk

BAI vs. GINN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BAI

BAI Risk / Return Rank: 74
BAI Sharpe Ratio Rank: 77
BAI Sortino Ratio Rank: 60
BAI Omega Ratio Rank: 65
BAI Calmar Ratio Rank: 90
BAI Martin Ratio Rank: 77

GINN

GINN Risk / Return Rank: 35
GINN Sharpe Ratio Rank: 36
GINN Sortino Ratio Rank: 35
GINN Omega Ratio Rank: 34
GINN Calmar Ratio Rank: 33
GINN Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BAI vs. GINN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares A.I. Innovation and Tech Active ETF (BAI) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BAI	GINN	Difference
Sharpe ratio: Return per unit of total volatility	2.32	1.22	+1.10
Sortino ratio: Return per unit of downside risk	2.70	1.75	+0.96
Omega ratio: Gain probability vs. loss probability	1.37	1.22	+0.16
Calmar ratio: Return relative to maximum drawdown	5.34	1.54	+3.80
Martin ratio: Return relative to average drawdown	14.08	5.39	+8.69

BAI vs. GINN - Sharpe Ratio Comparison

The current BAI Sharpe Ratio is 2.32, which is higher than the GINN Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of BAI and GINN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BAI vs. GINN - Drawdown Comparison

The maximum BAI drawdown since its inception was -34.09%, smaller than the maximum GINN drawdown of -41.25%. Use the drawdown chart below to compare losses from any high point for BAI and GINN.

Drawdown Indicators

	BAI	GINN	Difference
Max Drawdown Largest peak-to-trough decline	-34.09%	-41.25%	+7.16%
Max Drawdown (1Y) Largest decline over 1 year	-16.22%	-13.18%	-3.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.25%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.25%	—
Current Drawdown Current decline from peak	-7.93%	-4.93%	-3.00%
Average Drawdown Average peak-to-trough decline	-6.87%	-13.28%	+6.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.14%	3.75%	+2.39%

Volatility

BAI vs. GINN - Volatility Comparison

iShares A.I. Innovation and Tech Active ETF (BAI) has a higher volatility of 20.05% compared to Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) at 5.81%. This indicates that BAI's price experiences larger fluctuations and is considered to be riskier than GINN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAI	GINN	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.05%	5.81%	+14.24%
Volatility (6M) Calculated over the trailing 6-month period	31.41%	12.92%	+18.49%
Volatility (1Y) Calculated over the trailing 1-year period	37.30%	16.57%	+20.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.40%	21.44%	+15.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.40%	21.07%	+16.33%

BAI vs. GINN - Expense Ratio Comparison

BAI has a 0.55% expense ratio, which is higher than GINN's 0.50% expense ratio.

Dividends

BAI vs. GINN - Dividend Comparison

BAI's dividend yield for the trailing twelve months is around 1.19%, which matches GINN's 1.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BAI iShares A.I. Innovation and Tech Active ETF	1.19%	1.80%	0.00%	0.00%	0.00%	0.00%	0.00%
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	1.20%	1.26%	1.26%	1.01%	0.69%	0.67%	0.07%

Frequently Asked Questions

Can I hold both BAI and GINN in my portfolio?

BAI and GINN have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAI or GINN?

BAI has higher volatility (20.05%) compared to GINN (5.81%). In terms of maximum drawdown, BAI dropped -34.09% vs GINN's -41.25%.

Which ETF is better, BAI or GINN?

On 1-year performance, BAI leads with 86.14% vs 20.17% for GINN. On fees, GINN is cheaper at 0.50% per year. On volatility, GINN has been the lower-risk option at 5.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BAI or GINN?

Over the 1-year period, BAI has performed better with a 86.14% return vs 20.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BAI or GINN?

GINN is cheaper with a 0.50% expense ratio, compared with 0.55% for BAI.

Which ETF pays a higher dividend yield, BAI or GINN?

BAI and GINN have nearly identical dividend yields, around 1.19%.

What is the main difference between BAI and GINN?

They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.55% for BAI and 0.50% for GINN.

Which has better risk-adjusted returns?

BAI currently has the higher Sharpe Ratio (2.32 vs 1.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.