GFGF vs. GVIP

Last updated Apr 1, 2026

Compare and contrast key facts about Guru Favorite Stocks ETF (GFGF) and Goldman Sachs Hedge Industry VIP ETF (GVIP).

GFGF and GVIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GFGF is an actively managed fund by GuruFocus. It was launched on Dec 15, 2021. 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.

Performance

GFGF vs. GVIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guru Favorite Stocks ETF (GFGF) and Goldman Sachs Hedge Industry VIP ETF (GVIP). The values are adjusted to include any dividend payments, if applicable.

GFGF vs. GVIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GFGF Guru Favorite Stocks ETF	-10.95%	13.11%	26.12%	24.03%	-20.32%	2.13%
GVIP Goldman Sachs Hedge Industry VIP ETF	-5.92%	25.27%	29.82%	39.15%	-31.95%	3.93%

Returns By Period

In the year-to-date period, GFGF achieves a -10.95% return, which is significantly lower than GVIP's -5.92% return.

GFGF

• 1D: 2.53%
• 1M: -6.53%
• YTD: -10.95%
• 6M: -6.60%
• 1Y: 3.43%
• 3Y*: 14.55%
• 5Y*: —
• 10Y*: —

GVIP

• 1D: 4.35%
• 1M: -6.82%
• YTD: -5.92%
• 6M: -4.60%
• 1Y: 24.04%
• 3Y*: 24.28%
• 5Y*: 8.97%
• 10Y*: —

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

GFGF vs. GVIP - Expense Ratio Comparison

GFGF has a 0.65% expense ratio, which is higher than GVIP's 0.45% expense ratio.

GFGF

Guru Favorite Stocks ETF

GVIP

Goldman Sachs Hedge Industry VIP ETF

Return for Risk

GFGF vs. GVIP — Risk / Return Rank

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

GFGF

GFGF Risk / Return Rank: 18
GFGF Sharpe Ratio Rank: 17
GFGF Sortino Ratio Rank: 17
GFGF Omega Ratio Rank: 17
GFGF Calmar Ratio Rank: 18
GFGF Martin Ratio Rank: 19

GVIP

GVIP Risk / Return Rank: 66
GVIP Sharpe Ratio Rank: 61
GVIP Sortino Ratio Rank: 63
GVIP Omega Ratio Rank: 63
GVIP Calmar Ratio Rank: 71
GVIP Martin Ratio Rank: 71

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.

GFGF vs. GVIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guru Favorite Stocks ETF (GFGF) 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.

	GFGF	GVIP	Difference
Sharpe ratio Return per unit of total volatility	0.20	1.04	-0.83
Sortino ratio Return per unit of downside risk	0.42	1.55	-1.13
Omega ratio Gain probability vs. loss probability	1.06	1.22	-0.17
Calmar ratio Return relative to maximum drawdown	0.28	1.76	-1.48
Martin ratio Return relative to average drawdown	1.07	6.94	-5.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GFGF vs. GVIP - Sharpe Ratio Comparison

The current GFGF Sharpe Ratio is 0.20, which is lower than the GVIP Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of GFGF and GVIP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GFGF	GVIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	1.04	-0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.71	-0.40

Correlation

The correlation between GFGF and GVIP is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GFGF vs. GVIP - Dividend Comparison

GFGF's dividend yield for the trailing twelve months is around 0.24%, less than GVIP's 0.36% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GFGF Guru Favorite Stocks ETF	0.24%	0.21%	0.10%	0.08%	0.42%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
GVIP Goldman Sachs Hedge Industry VIP ETF	0.36%	0.34%	0.29%	0.77%	0.02%	0.00%	0.12%	0.77%	0.44%	0.45%	0.08%

Drawdowns

GFGF vs. GVIP - Drawdown Comparison

The maximum GFGF drawdown since its inception was -27.98%, smaller than the maximum GVIP drawdown of -37.09%. Use the drawdown chart below to compare losses from any high point for GFGF and GVIP.

Drawdown Indicators

	GFGF	GVIP	Difference
Max Drawdown Largest peak-to-trough decline	-27.98%	-37.09%	+9.11%
Max Drawdown (1Y) Largest decline over 1 year	-15.22%	-13.67%	-1.55%
Max Drawdown (5Y) Largest decline over 5 years	—	-37.09%	—
Current Drawdown Current decline from peak	-12.71%	-9.91%	-2.80%
Average Drawdown Average peak-to-trough decline	-8.42%	-7.71%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.05%	3.47%	+0.58%

Volatility

GFGF vs. GVIP - Volatility Comparison

The current volatility for Guru Favorite Stocks ETF (GFGF) is 5.03%, while Goldman Sachs Hedge Industry VIP ETF (GVIP) has a volatility of 8.62%. This indicates that GFGF 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.

Volatility by Period

	GFGF	GVIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.03%	8.62%	-3.59%
Volatility (6M) Calculated over the trailing 6-month period	9.61%	14.52%	-4.91%
Volatility (1Y) Calculated over the trailing 1-year period	16.99%	23.32%	-6.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.33%	21.19%	-1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.33%	21.68%	-2.35%