GIGL vs. GVIP

Last updated Jun 5, 2026

GIGL (Goldman Sachs Corporate Bond ETF) and GVIP (Goldman Sachs Hedge Industry VIP ETF) are both exchange-traded funds - GIGL is a Corporate Bonds fund managed by Goldman Sachs, while GVIP is a Large Cap Growth Equities fund tracking the Goldman Sachs Hedge Fund VIP Index. At a 0.34 correlation, their price movements are largely independent. GIGL charges 0.29%/yr vs 0.45%/yr for GVIP.

Performance

GIGL vs. GVIP - Performance Comparison

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

Returns By Period

In the year-to-date period, GIGL achieves a 0.46% return, which is significantly lower than GVIP's 11.65% return.

GIGL

• 1D: 0.14%
• 1M: 0.51%
• YTD: 0.46%
• 6M: 0.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GVIP

• 1D: -4.51%
• 1M: -1.42%
• YTD: 11.65%
• 6M: 12.21%
• 1Y: 31.19%
• 3Y*: 28.68%
• 5Y*: 12.01%
• 10Y*: —

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

GIGL vs. GVIP - Yearly Performance Comparison

	2026 (YTD)	2025
GIGL Goldman Sachs Corporate Bond ETF	0.46%	3.76%
GVIP Goldman Sachs Hedge Industry VIP ETF	11.65%	13.87%

Correlation

The correlation between GIGL and GVIP is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.34

Return for Risk

GIGL vs. GVIP — Risk / Return Rank

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

GVIP

GVIP Risk / Return Rank: 51
GVIP Sharpe Ratio Rank: 51
GVIP Sortino Ratio Rank: 47
GVIP Omega Ratio Rank: 50
GVIP Calmar Ratio Rank: 48
GVIP Martin Ratio Rank: 58

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.

GIGL vs. GVIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Corporate Bond ETF (GIGL) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GIGL	GVIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.67	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	0.79	+0.30

Drawdowns

GIGL vs. GVIP - Drawdown Comparison

The maximum GIGL drawdown since its inception was -3.13%, smaller than the maximum GVIP drawdown of -37.09%. Use the drawdown chart below to compare losses from any high point for GIGL and GVIP.

Drawdown Indicators

	GIGL	GVIP	Difference
Max Drawdown Largest peak-to-trough decline	-3.13%	-37.09%	+33.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.67%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.09%	—
Current Drawdown Current decline from peak	-1.05%	-4.51%	+3.46%
Average Drawdown Average peak-to-trough decline	-0.71%	-7.59%	+6.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.15%	—

Volatility

Volatility by Period

	GIGL	GVIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.16%	18.71%	-14.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.16%	21.38%	-17.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.16%	21.69%	-17.53%

GIGL vs. GVIP - Expense Ratio Comparison

GIGL has a 0.29% expense ratio, which is lower than GVIP's 0.45% expense ratio.

Dividends

GIGL vs. GVIP - Dividend Comparison

GIGL's dividend yield for the trailing twelve months is around 3.78%, more than GVIP's 0.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GIGL Goldman Sachs Corporate Bond ETF	3.78%	2.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GVIP Goldman Sachs Hedge Industry VIP ETF	0.30%	0.34%	0.29%	0.77%	0.02%	0.00%	0.12%	0.77%	0.44%	0.45%	0.08%

Frequently Asked Questions

Can I hold both GIGL and GVIP in my portfolio?

GIGL and GVIP have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GIGL or GVIP?

On fees, GIGL is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GIGL or GVIP?

GIGL is cheaper with a 0.29% expense ratio, compared with 0.45% for GVIP.

Which ETF pays a higher dividend yield, GIGL or GVIP?

GIGL has the higher dividend yield at 3.78%, compared with 0.30% for GVIP.

What is the main difference between GIGL and GVIP?

GIGL is categorized as Corporate Bonds, while GVIP is Large Cap Growth Equities. Their fees differ too: 0.29% for GIGL and 0.45% for GVIP.