GINN vs. VOX
GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) and VOX (Vanguard Communication Services ETF) are both exchange-traded funds - GINN is a Technology Equities fund tracking the Solactive Innovative Global Equity Index, while VOX is a Communications Equities fund tracking the MSCI US Investable Market Communication Services 25/50 Index. Both are passively managed. Over the past 5 years, GINN returned 5.45%/yr vs 6.02%/yr for VOX. Their correlation of 0.82 suggests significant overlap in exposure. GINN charges 0.50%/yr vs 0.09%/yr for VOX.
Performance
GINN vs. VOX - Performance Comparison
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Returns By Period
In the year-to-date period, GINN achieves a 5.00% return, which is significantly higher than VOX's -5.35% return.
GINN
- 1D
- -1.06%
- 1M
- -1.95%
- YTD
- 5.00%
- 6M
- 3.65%
- 1Y
- 20.17%
- 3Y*
- 18.28%
- 5Y*
- 5.45%
- 10Y*
- —
VOX
- 1D
- 0.26%
- 1M
- -6.50%
- YTD
- -5.35%
- 6M
- -5.46%
- 1Y
- 12.86%
- 3Y*
- 21.81%
- 5Y*
- 6.02%
- 10Y*
- 8.42%
GINN vs. VOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF | 5.00% | 20.25% | 18.71% | 29.94% | -32.40% | 10.39% | 8.08% |
VOX Vanguard Communication Services ETF | -5.35% | 26.27% | 33.12% | 44.81% | -38.85% | 13.83% | 8.15% |
Correlation
The correlation between GINN and VOX is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2020 | 0.82 |
The correlation between GINN and VOX shifts across timeframes, from 0.69 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GINN vs. VOX — Risk / Return Rank
GINN
VOX
GINN vs. VOX - 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 Vanguard Communication Services ETF (VOX). 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.
| GINN | VOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.15 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 0.95 | +0.58 |
| Martin ratioReturn relative to average drawdown | 5.39 | 3.37 | +2.02 |
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Drawdowns
GINN vs. VOX - Drawdown Comparison
The maximum GINN drawdown since its inception was -41.25%, smaller than the maximum VOX drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for GINN and VOX.
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Drawdown Indicators
| GINN | VOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.25% | -57.18% | +15.93% |
Max Drawdown (1Y)Largest decline over 1 year | -13.18% | -13.56% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -22.25% | -21.15% | -1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -41.25% | -46.76% | +5.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.76% | — |
Current DrawdownCurrent decline from peak | -4.93% | -8.53% | +3.60% |
Average DrawdownAverage peak-to-trough decline | -13.28% | -11.90% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 3.82% | -0.07% |
Volatility
GINN vs. VOX - Volatility Comparison
Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) has a higher volatility of 5.81% compared to Vanguard Communication Services ETF (VOX) at 5.44%. This indicates that GINN's price experiences larger fluctuations and is considered to be riskier than VOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GINN | VOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 5.44% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 12.92% | 11.89% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 15.80% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 21.24% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.07% | 20.93% | +0.14% |
GINN vs. VOX - Expense Ratio Comparison
GINN has a 0.50% expense ratio, which is higher than VOX's 0.09% expense ratio.
Dividends
GINN vs. VOX - Dividend Comparison
GINN's dividend yield for the trailing twelve months is around 1.20%, more than VOX's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF | 1.20% | 1.26% | 1.26% | 1.01% | 0.69% | 0.67% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOX Vanguard Communication Services ETF | 1.04% | 0.95% | 1.05% | 1.03% | 0.88% | 0.93% | 0.73% | 0.90% | 2.77% | 3.83% | 2.67% | 3.55% |
Frequently Asked Questions
GINN and VOX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GINN has higher volatility (5.81%) compared to VOX (5.44%). In terms of maximum drawdown, GINN dropped -41.25% vs VOX's -57.18%.
On 5-year performance, VOX leads with 6.02% vs 5.45% for GINN. On fees, VOX is cheaper at 0.09% per year. On volatility, VOX has been the lower-risk option at 5.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VOX has performed better with a 6.02% return vs 5.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOX is cheaper with a 0.09% expense ratio, compared with 0.50% for GINN.
GINN has the higher dividend yield at 1.20%, compared with 1.04% for VOX.
GINN is categorized as Technology Equities, while VOX is Communications Equities. GINN tracks Solactive Innovative Global Equity Index, while VOX tracks MSCI US Investable Market Communication Services 25/50 Index. They also come from different issuers: Goldman Sachs and Vanguard. Their fees differ too: 0.50% for GINN and 0.09% for VOX.
GINN currently has the higher Sharpe Ratio (1.22 vs 0.82), 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.
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