GIGB vs. GVIP
Compare and contrast key facts about Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and Goldman Sachs Hedge Industry VIP ETF (GVIP).
GIGB and GVIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GIGB is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs Investment Grade Corporate Bond Index. It was launched on Jun 6, 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 GIGB 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.
Performance
GIGB vs. GVIP - Performance Comparison
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GIGB vs. GVIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | -0.28% | 7.58% | 1.68% | 8.80% | -15.80% | -1.64% | 9.86% | 15.05% | -2.76% | 2.45% |
GVIP Goldman Sachs Hedge Industry VIP ETF | -5.92% | 25.27% | 29.82% | 39.15% | -31.95% | 11.86% | 44.12% | 30.21% | -6.85% | 10.03% |
Returns By Period
In the year-to-date period, GIGB achieves a -0.28% return, which is significantly higher than GVIP's -5.92% return.
GIGB
- 1D
- 0.48%
- 1M
- -1.89%
- YTD
- -0.28%
- 6M
- 0.33%
- 1Y
- 4.87%
- 3Y*
- 4.47%
- 5Y*
- 0.52%
- 10Y*
- —
GVIP
- 1D
- 4.35%
- 1M
- -6.82%
- YTD
- -5.92%
- 6M
- -4.60%
- 1Y
- 24.04%
- 3Y*
- 24.28%
- 5Y*
- 8.97%
- 10Y*
- —
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GIGB vs. GVIP - Expense Ratio Comparison
GIGB has a 0.14% expense ratio, which is lower than GVIP's 0.45% expense ratio.
Return for Risk
GIGB vs. GVIP — Risk / Return Rank
GIGB
GVIP
GIGB vs. GVIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) 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.
| GIGB | GVIP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 1.04 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.23 | 1.55 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.76 | -0.03 |
Martin ratioReturn relative to average drawdown | 5.20 | 6.94 | -1.74 |
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
| GIGB | GVIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.04 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.43 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.71 | -0.39 |
Correlation
The correlation between GIGB and GVIP is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GIGB vs. GVIP - Dividend Comparison
GIGB's dividend yield for the trailing twelve months is around 4.70%, more than GVIP's 0.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 4.70% | 4.69% | 4.45% | 3.67% | 3.12% | 2.25% | 2.62% | 3.22% | 3.31% | 1.55% | 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
GIGB vs. GVIP - Drawdown Comparison
The maximum GIGB drawdown since its inception was -22.25%, smaller than the maximum GVIP drawdown of -37.09%. Use the drawdown chart below to compare losses from any high point for GIGB and GVIP.
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Drawdown Indicators
| GIGB | GVIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.25% | -37.09% | +14.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.92% | -13.67% | +10.75% |
Max Drawdown (5Y)Largest decline over 5 years | -22.25% | -37.09% | +14.84% |
Current DrawdownCurrent decline from peak | -1.89% | -9.91% | +8.02% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -7.71% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 3.47% | -2.50% |
Volatility
GIGB vs. GVIP - Volatility Comparison
The current volatility for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is 2.13%, while Goldman Sachs Hedge Industry VIP ETF (GVIP) has a volatility of 8.62%. This indicates that GIGB 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
| GIGB | GVIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 8.62% | -6.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 14.52% | -11.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 23.32% | -17.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 21.19% | -13.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.72% | 21.68% | -13.96% |