GIGB vs. VGIVX

Last updated Jun 13, 2026

GIGB (Goldman Sachs Access Investment Grade Corporate Bond ETF) and VGIVX (Vanguard Emerging Markets Government Bond Index Fund Institutional Shares) are both funds - GIGB is a Corporate Bonds fund tracking the FTSE Goldman Sachs Investment Grade Corporate Bond Index, while VGIVX is a Government Bonds fund managed by Vanguard. Over the past 5 years, GIGB returned 0.31%/yr vs 2.07%/yr for VGIVX. A 0.59 correlation means they provide meaningful diversification when combined. GIGB charges 0.14%/yr vs 0.18%/yr for VGIVX.

Performance

GIGB vs. VGIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GIGB achieves a 0.99% return, which is significantly lower than VGIVX's 1.51% return.

GIGB

• 1D: -0.02%
• 1M: 0.70%
• YTD: 0.99%
• 6M: 1.39%
• 1Y: 5.80%
• 3Y*: 5.40%
• 5Y*: 0.31%
• 10Y*: —

VGIVX

• 1D: 0.45%
• 1M: 0.71%
• YTD: 1.51%
• 6M: 2.06%
• 1Y: 10.33%
• 3Y*: 9.47%
• 5Y*: 2.07%
• 10Y*: 3.58%

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

GIGB vs. VGIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF	0.99%	7.58%	1.68%	8.80%	-15.80%	-1.64%	9.86%	15.05%	-2.76%	2.45%
VGIVX Vanguard Emerging Markets Government Bond Index Fund Institutional Shares	1.51%	13.05%	6.31%	10.48%	-16.72%	-2.41%	5.83%	14.03%	-2.72%	2.20%

Correlation

The correlation between GIGB and VGIVX is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jun 8, 2017	0.59

The correlation between GIGB and VGIVX shifts across timeframes, from 0.59 (all time) to 0.73 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

GIGB vs. VGIVX — Risk / Return Rank

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

GIGB

GIGB Risk / Return Rank: 39
GIGB Sharpe Ratio Rank: 39
GIGB Sortino Ratio Rank: 38
GIGB Omega Ratio Rank: 37
GIGB Calmar Ratio Rank: 42
GIGB Martin Ratio Rank: 40

VGIVX

VGIVX Risk / Return Rank: 78
VGIVX Sharpe Ratio Rank: 87
VGIVX Sortino Ratio Rank: 89
VGIVX Omega Ratio Rank: 85
VGIVX Calmar Ratio Rank: 65
VGIVX Martin Ratio Rank: 66

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.

GIGB vs. VGIVX - 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 Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX). 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.

	GIGB	VGIVX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	2.47	-1.23
Sortino ratio: Return per unit of downside risk	1.81	3.90	-2.09
Omega ratio: Gain probability vs. loss probability	1.22	1.49	-0.27
Calmar ratio: Return relative to maximum drawdown	1.84	2.59	-0.75
Martin ratio: Return relative to average drawdown	5.74	10.36	-4.62

GIGB vs. VGIVX - Sharpe Ratio Comparison

The current GIGB Sharpe Ratio is 1.23, which is lower than the VGIVX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of GIGB and VGIVX, 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

GIGB vs. VGIVX - Drawdown Comparison

The maximum GIGB drawdown since its inception was -22.25%, smaller than the maximum VGIVX drawdown of -26.79%. Use the drawdown chart below to compare losses from any high point for GIGB and VGIVX.

Drawdown Indicators

	GIGB	VGIVX	Difference
Max Drawdown Largest peak-to-trough decline	-22.25%	-26.79%	+4.54%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-3.93%	+1.06%
Max Drawdown (3Y) Largest decline over 3 years	-6.69%	-7.14%	+0.45%
Max Drawdown (5Y) Largest decline over 5 years	-22.25%	-26.79%	+4.54%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.79%	—
Current Drawdown Current decline from peak	-0.64%	-0.25%	-0.39%
Average Drawdown Average peak-to-trough decline	-5.60%	-4.69%	-0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	0.98%	-0.06%

Volatility

GIGB vs. VGIVX - Volatility Comparison

The current volatility for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is 1.43%, while Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX) has a volatility of 1.51%. This indicates that GIGB experiences smaller price fluctuations and is considered to be less risky than VGIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GIGB	VGIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	1.51%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	3.23%	3.39%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	4.31%	4.15%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.25%	6.30%	+0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.66%	6.36%	+1.30%

GIGB vs. VGIVX - Expense Ratio Comparison

GIGB has a 0.14% expense ratio, which is lower than VGIVX's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GIGB vs. VGIVX - Dividend Comparison

GIGB's dividend yield for the trailing twelve months is around 4.60%, less than VGIVX's 5.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF	4.60%	4.69%	4.45%	3.67%	3.12%	2.25%	2.62%	3.22%	3.31%	1.55%	0.00%	0.00%
VGIVX Vanguard Emerging Markets Government Bond Index Fund Institutional Shares	5.89%	5.95%	6.58%	5.53%	5.32%	3.53%	4.21%	4.62%	4.62%	4.67%	4.76%	4.55%

Frequently Asked Questions

Can I hold both GIGB and VGIVX in my portfolio?

GIGB and VGIVX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GIGB or VGIVX?

VGIVX has higher volatility (1.51%) compared to GIGB (1.43%). In terms of maximum drawdown, GIGB dropped -22.25% vs VGIVX's -26.79%.

Which has better risk-adjusted returns?

VGIVX currently has the higher Sharpe Ratio (2.47 vs 1.23), 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.