GINN vs. GBIL

Last updated Jun 4, 2026

GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) and GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) are both exchange-traded funds - GINN is a Technology Equities fund tracking the Solactive Innovative Global Equity Index, while GBIL is a Government Bonds fund tracking the FTSE US Treasury 0-1 Year Composite Select Index. Both are passively managed. Over the past 5 years, GINN returned 6.82%/yr vs 3.32%/yr for GBIL. At a 0.02 correlation, their price movements are largely independent. GINN charges 0.50%/yr vs 0.12%/yr for GBIL.

Performance

GINN vs. GBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GINN achieves a 8.64% return, which is significantly higher than GBIL's 1.42% return.

GINN

• 1D: -1.29%
• 1M: 5.38%
• YTD: 8.64%
• 6M: 7.90%
• 1Y: 25.65%
• 3Y*: 19.95%
• 5Y*: 6.82%
• 10Y*: —

GBIL

• 1D: 0.02%
• 1M: 0.28%
• YTD: 1.42%
• 6M: 1.73%
• 1Y: 3.91%
• 3Y*: 4.64%
• 5Y*: 3.32%
• 10Y*: —

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

GINN vs. GBIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	8.64%	20.25%	18.71%	29.94%	-32.40%	10.39%	9.84%
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	1.42%	4.12%	5.24%	4.91%	1.05%	-0.08%	-0.00%

Correlation

The correlation between GINN and GBIL is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (All Time) Calculated using the full available price history since Nov 10, 2020	0.02

Return for Risk

GINN vs. GBIL — Risk / Return Rank

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

GINN

GINN Risk / Return Rank: 44
GINN Sharpe Ratio Rank: 46
GINN Sortino Ratio Rank: 45
GINN Omega Ratio Rank: 43
GINN Calmar Ratio Rank: 40
GINN Martin Ratio Rank: 44

GBIL

GBIL Risk / Return Rank: 100
GBIL Sharpe Ratio Rank: 100
GBIL Sortino Ratio Rank: 100
GBIL Omega Ratio Rank: 100
GBIL Calmar Ratio Rank: 100
GBIL Martin Ratio Rank: 100

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.

GINN vs. GBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). 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.

	GINN	GBIL	Difference
Sharpe ratio Return per unit of total volatility	1.61	16.89	-15.28
Sortino ratio Return per unit of downside risk	2.25	102.89	-100.64
Omega ratio Gain probability vs. loss probability	1.28	39.42	-38.14
Calmar ratio Return relative to maximum drawdown	1.95	196.43	-194.48
Martin ratio Return relative to average drawdown	7.06	1,608.66	-1,601.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GINN vs. GBIL - Sharpe Ratio Comparison

The current GINN Sharpe Ratio is 1.61, which is lower than the GBIL Sharpe Ratio of 16.89. The chart below compares the historical Sharpe Ratios of GINN and GBIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GINN	GBIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	16.89	-15.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	5.78	-5.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	4.87	-4.42

Drawdowns

GINN vs. GBIL - Drawdown Comparison

The maximum GINN drawdown since its inception was -41.25%, which is greater than GBIL's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for GINN and GBIL.

Drawdown Indicators

	GINN	GBIL	Difference
Max Drawdown Largest peak-to-trough decline	-41.25%	-0.76%	-40.49%
Max Drawdown (1Y) Largest decline over 1 year	-13.18%	-0.02%	-13.16%
Max Drawdown (3Y) Largest decline over 3 years	-22.25%	-0.76%	-21.49%
Max Drawdown (5Y) Largest decline over 5 years	-41.25%	-0.76%	-40.49%
Current Drawdown Current decline from peak	-1.63%	0.00%	-1.63%
Average Drawdown Average peak-to-trough decline	-13.37%	-0.04%	-13.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	0.00%	+3.64%

Volatility

GINN vs. GBIL - Volatility Comparison

Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) has a higher volatility of 3.98% compared to Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) at 0.04%. This indicates that GINN's price experiences larger fluctuations and is considered to be riskier than GBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GINN	GBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	0.04%	+3.94%
Volatility (6M) Calculated over the trailing 6-month period	12.04%	0.14%	+11.90%
Volatility (1Y) Calculated over the trailing 1-year period	16.06%	0.23%	+15.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.33%	0.58%	+20.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.05%	0.47%	+20.58%

GINN vs. GBIL - Expense Ratio Comparison

GINN has a 0.50% expense ratio, which is higher than GBIL's 0.12% expense ratio.

Dividends

GINN vs. GBIL - Dividend Comparison

GINN's dividend yield for the trailing twelve months is around 1.16%, less than GBIL's 3.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	3.74%	4.02%	4.93%	4.77%	1.37%	0.00%	0.81%	2.20%	1.70%	0.74%	0.11%
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	1.16%	1.26%	1.26%	1.01%	0.69%	0.67%	0.07%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GINN and GBIL in my portfolio?

GINN and GBIL have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GINN or GBIL?

GINN has higher volatility (3.98%) compared to GBIL (0.04%). In terms of maximum drawdown, GINN dropped -41.25% vs GBIL's -0.76%.

Which ETF is better, GINN or GBIL?

On 5-year performance, GINN leads with 6.82% vs 3.32% for GBIL. On fees, GBIL is cheaper at 0.12% per year. On volatility, GBIL has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GINN or GBIL?

Over the 5-year period, GINN has performed better with a 6.82% return vs 3.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GINN or GBIL?

GBIL is cheaper with a 0.12% expense ratio, compared with 0.50% for GINN.

Which ETF pays a higher dividend yield, GINN or GBIL?

GBIL has the higher dividend yield at 3.74%, compared with 1.16% for GINN.

What is the main difference between GINN and GBIL?

GINN is categorized as Technology Equities, while GBIL is Government Bonds. GINN tracks Solactive Innovative Global Equity Index, while GBIL tracks FTSE US Treasury 0-1 Year Composite Select Index. Their fees differ too: 0.50% for GINN and 0.12% for GBIL.

Which has better risk-adjusted returns?

GBIL currently has the higher Sharpe Ratio (16.89 vs 1.61), 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.