CSML vs. GVIP
Compare and contrast key facts about IQ Chaikin U.S. Small Cap ETF (CSML) and Goldman Sachs Hedge Industry VIP ETF (GVIP).
CSML and GVIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CSML is a passively managed fund by New York Life that tracks the performance of the NASDAQ Chaikin Power US Small Cap Index. It was launched on May 16, 2017. GVIP is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs Hedge Fund VIP Index. It was launched on Nov 1, 2016. Both CSML and GVIP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSML or GVIP.
Key characteristics
| CSML | GVIP |
|---|
Correlation
The correlation between CSML and GVIP is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CSML vs. GVIP - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CSML vs. GVIP - Expense Ratio Comparison
CSML has a 0.35% expense ratio, which is lower than GVIP's 0.45% expense ratio.
Risk-Adjusted Performance
CSML vs. GVIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Chaikin U.S. Small Cap ETF (CSML) and Goldman Sachs Hedge Industry VIP ETF (GVIP). 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.
Dividends
CSML vs. GVIP - Dividend Comparison
CSML has not paid dividends to shareholders, while GVIP's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
CSML IQ Chaikin U.S. Small Cap ETF | 0.78% | 1.41% | 1.32% | 1.18% | 1.02% | 1.29% | 0.96% | 0.31% | 0.00% |
GVIP Goldman Sachs Hedge Industry VIP ETF | 0.61% | 0.77% | 0.02% | 0.00% | 0.12% | 0.77% | 0.44% | 0.45% | 0.08% |
Drawdowns
CSML vs. GVIP - Drawdown Comparison
Volatility
CSML vs. GVIP - Volatility Comparison
The current volatility for IQ Chaikin U.S. Small Cap ETF (CSML) is 0.00%, while Goldman Sachs Hedge Industry VIP ETF (GVIP) has a volatility of 3.30%. This indicates that CSML experiences smaller price fluctuations and is considered to be less risky than GVIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.