GINN vs. VOO
Compare and contrast key facts about Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) and Vanguard S&P 500 ETF (VOO).
GINN and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both GINN and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GINN or VOO.
Key characteristics
| GINN | VOO | |
|---|---|---|
| YTD Return | 1.29% | 5.98% |
| 1Y Return | 17.84% | 22.69% |
| 3Y Return (Ann) | -2.97% | 8.02% |
| Sharpe Ratio | 1.15 | 1.93 |
| Daily Std Dev | 15.63% | 11.69% |
| Max Drawdown | -41.25% | -33.99% |
| Current Drawdown | -16.69% | -4.14% |
Correlation
The correlation between GINN and VOO is 0.89, 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.
Performance
GINN vs. VOO - Performance Comparison
In the year-to-date period, GINN achieves a 1.29% return, which is significantly lower than VOO's 5.98% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GINN vs. VOO - Expense Ratio Comparison
GINN has a 0.50% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
GINN vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
GINN vs. VOO - Dividend Comparison
GINN's dividend yield for the trailing twelve months is around 1.00%, less than VOO's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF | 1.00% | 1.01% | 0.69% | 0.67% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.39% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
GINN vs. VOO - Drawdown Comparison
The maximum GINN drawdown since its inception was -41.25%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GINN and VOO. For additional features, visit the drawdowns tool.
Volatility
GINN vs. VOO - Volatility Comparison
Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) has a higher volatility of 5.18% compared to Vanguard S&P 500 ETF (VOO) at 3.92%. This indicates that GINN's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.