GINN vs. GVIP
Compare and contrast key facts about Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) and Goldman Sachs Hedge Industry VIP ETF (GVIP).
GINN and GVIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GINN is a passively managed fund by Goldman Sachs that tracks the performance of the Solactive Innovative Global Equity Index. It was launched on Nov 6, 2020. 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 GINN 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
GINN vs. GVIP - Performance Comparison
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GINN vs. GVIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF | -5.73% | 20.25% | 18.71% | 29.94% | -32.40% | 10.39% | 9.84% |
GVIP Goldman Sachs Hedge Industry VIP ETF | -4.58% | 25.27% | 29.82% | 39.15% | -31.95% | 11.86% | 10.98% |
Returns By Period
In the year-to-date period, GINN achieves a -5.73% return, which is significantly lower than GVIP's -4.58% return.
GINN
- 1D
- 0.89%
- 1M
- -5.05%
- YTD
- -5.73%
- 6M
- -6.46%
- 1Y
- 18.34%
- 3Y*
- 15.43%
- 5Y*
- 4.45%
- 10Y*
- —
GVIP
- 1D
- 1.42%
- 1M
- -5.00%
- YTD
- -4.58%
- 6M
- -4.03%
- 1Y
- 25.15%
- 3Y*
- 24.87%
- 5Y*
- 9.28%
- 10Y*
- —
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GINN vs. GVIP - Expense Ratio Comparison
GINN has a 0.50% expense ratio, which is higher than GVIP's 0.45% expense ratio.
Return for Risk
GINN vs. GVIP — Risk / Return Rank
GINN
GVIP
GINN vs. GVIP - 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 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.
| GINN | GVIP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 1.08 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.36 | 1.60 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.89 | -0.52 |
Martin ratioReturn relative to average drawdown | 4.79 | 7.35 | -2.56 |
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
| GINN | GVIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.08 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.44 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.72 | -0.39 |
Correlation
The correlation between GINN and GVIP is 0.91, 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
GINN vs. GVIP - Dividend Comparison
GINN's dividend yield for the trailing twelve months is around 1.34%, more than GVIP's 0.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF | 1.34% | 1.26% | 1.26% | 1.01% | 0.69% | 0.67% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% |
GVIP Goldman Sachs Hedge Industry VIP ETF | 0.35% | 0.34% | 0.29% | 0.77% | 0.02% | 0.00% | 0.12% | 0.77% | 0.44% | 0.45% | 0.08% |
Drawdowns
GINN vs. GVIP - Drawdown Comparison
The maximum GINN drawdown since its inception was -41.25%, which is greater than GVIP's maximum drawdown of -37.09%. Use the drawdown chart below to compare losses from any high point for GINN and GVIP.
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Drawdown Indicators
| GINN | GVIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.25% | -37.09% | -4.16% |
Max Drawdown (1Y)Largest decline over 1 year | -13.57% | -13.67% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -41.25% | -37.09% | -4.16% |
Current DrawdownCurrent decline from peak | -9.41% | -8.63% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -13.72% | -7.71% | -6.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 3.51% | +0.35% |
Volatility
GINN vs. GVIP - Volatility Comparison
The current volatility for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) is 6.68%, while Goldman Sachs Hedge Industry VIP ETF (GVIP) has a volatility of 8.50%. This indicates that GINN 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
| GINN | GVIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 8.50% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 12.65% | 14.60% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.06% | 23.35% | -2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.29% | 21.18% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 21.68% | -0.50% |