GCOR vs. GVIP
GCOR (Goldman Sachs Access U.S. Aggregate Bond ETF) and GVIP (Goldman Sachs Hedge Industry VIP ETF) are both exchange-traded funds - GCOR is a Intermediate Core Bond fund tracking the FTSE Goldman Sachs US Broad Bond Market Index, while GVIP is a Large Cap Growth Equities fund tracking the Goldman Sachs Hedge Fund VIP Index. Both are passively managed. Over the past 5 years, GCOR returned -0.24%/yr vs 12.90%/yr for GVIP. At a 0.14 correlation, their price movements are largely independent. GCOR charges 0.08%/yr vs 0.45%/yr for GVIP.
Performance
GCOR vs. GVIP - Performance Comparison
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Returns By Period
In the year-to-date period, GCOR achieves a 0.16% return, which is significantly lower than GVIP's 16.17% return.
GCOR
- 1D
- -0.23%
- 1M
- 0.17%
- YTD
- 0.16%
- 6M
- 0.01%
- 1Y
- 4.97%
- 3Y*
- 3.71%
- 5Y*
- -0.24%
- 10Y*
- —
GVIP
- 1D
- -0.33%
- 1M
- 6.71%
- YTD
- 16.17%
- 6M
- 18.08%
- 1Y
- 36.94%
- 3Y*
- 30.49%
- 5Y*
- 12.90%
- 10Y*
- —
GCOR vs. GVIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GCOR Goldman Sachs Access U.S. Aggregate Bond ETF | 0.16% | 7.22% | 0.51% | 5.79% | -13.83% | -1.88% | 0.39% |
GVIP Goldman Sachs Hedge Industry VIP ETF | 16.17% | 25.27% | 29.82% | 39.15% | -31.95% | 11.86% | 21.96% |
Correlation
The correlation between GCOR and GVIP is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | 0.14 |
The correlation between GCOR and GVIP shifts across timeframes, from 0.14 (5 years) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GCOR vs. GVIP — Risk / Return Rank
GCOR
GVIP
GCOR vs. GVIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) 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.
| GCOR | GVIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.36 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.71 | -0.94 |
| Martin ratioReturn relative to average drawdown | 5.42 | 11.81 | -6.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GCOR | GVIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 2.05 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.61 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.82 | -0.92 |
Drawdowns
GCOR vs. GVIP - Drawdown Comparison
The maximum GCOR drawdown since its inception was -18.94%, smaller than the maximum GVIP drawdown of -37.09%. Use the drawdown chart below to compare losses from any high point for GCOR and GVIP.
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Drawdown Indicators
| GCOR | GVIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -37.09% | +18.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -13.67% | +10.85% |
Max Drawdown (3Y)Largest decline over 3 years | -6.09% | -23.29% | +17.20% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -37.09% | +18.46% |
Current DrawdownCurrent decline from peak | -3.52% | -0.33% | -3.19% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -7.59% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 3.14% | -2.22% |
Volatility
GCOR vs. GVIP - Volatility Comparison
The current volatility for Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) is 1.27%, while Goldman Sachs Hedge Industry VIP ETF (GVIP) has a volatility of 5.42%. This indicates that GCOR 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.
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Volatility by Period
| GCOR | GVIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 5.42% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 14.47% | -11.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 18.13% | -14.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 21.29% | -15.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 21.65% | -16.13% |
GCOR vs. GVIP - Expense Ratio Comparison
GCOR has a 0.08% expense ratio, which is lower than GVIP's 0.45% expense ratio.
Dividends
GCOR vs. GVIP - Dividend Comparison
GCOR's dividend yield for the trailing twelve months is around 4.17%, more than GVIP's 0.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GCOR Goldman Sachs Access U.S. Aggregate Bond ETF | 4.17% | 4.03% | 4.36% | 3.67% | 2.11% | 0.92% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% |
GVIP Goldman Sachs Hedge Industry VIP ETF | 0.29% | 0.34% | 0.29% | 0.77% | 0.02% | 0.00% | 0.12% | 0.77% | 0.44% | 0.45% | 0.08% |
Frequently Asked Questions
GCOR and GVIP have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GVIP has higher volatility (5.42%) compared to GCOR (1.27%). In terms of maximum drawdown, GCOR dropped -18.94% vs GVIP's -37.09%.
On 5-year performance, GVIP leads with 12.90% vs -0.24% for GCOR. On fees, GCOR is cheaper at 0.08% per year. On volatility, GCOR has been the lower-risk option at 1.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GVIP has performed better with a 12.90% return vs -0.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GCOR is cheaper with a 0.08% expense ratio, compared with 0.45% for GVIP.
GCOR has the higher dividend yield at 4.17%, compared with 0.29% for GVIP.
GCOR is categorized as Intermediate Core Bond, while GVIP is Large Cap Growth Equities. GCOR tracks FTSE Goldman Sachs US Broad Bond Market Index, while GVIP tracks Goldman Sachs Hedge Fund VIP Index. Their fees differ too: 0.08% for GCOR and 0.45% for GVIP.
GVIP currently has the higher Sharpe Ratio (2.05 vs 1.37), 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.
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