GK vs. HVAC

Last updated Jun 4, 2026

GK (AdvisorShares Gerber Kawasaki ETF) and HVAC (AdvisorShares HVAC and Industrials ETF) are both exchange-traded funds - GK is a Large Cap Growth Equities fund actively managed by AdvisorShares, while HVAC is a Industrials Equities fund actively managed by AdvisorShares. Both are actively managed. Over the past year, GK returned 34.45% vs 59.65% for HVAC. A 0.78 correlation means they provide meaningful diversification when combined. GK charges 0.75%/yr vs 1.00%/yr for HVAC.

Performance

GK vs. HVAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Gerber Kawasaki ETF (GK) and AdvisorShares HVAC and Industrials ETF (HVAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GK achieves a 17.29% return, which is significantly lower than HVAC's 36.48% return.

GK

• 1D: -0.42%
• 1M: 9.38%
• YTD: 17.29%
• 6M: 16.22%
• 1Y: 34.45%
• 3Y*: 20.83%
• 5Y*: —
• 10Y*: —

HVAC

• 1D: 1.91%
• 1M: 6.24%
• YTD: 36.48%
• 6M: 32.88%
• 1Y: 59.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GK vs. HVAC - Yearly Performance Comparison

	2026 (YTD)	2025
GK AdvisorShares Gerber Kawasaki ETF	17.29%	16.08%
HVAC AdvisorShares HVAC and Industrials ETF	36.48%	24.04%

Correlation

The correlation between GK and HVAC is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Feb 5, 2025	0.78

The correlation between GK and HVAC has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.

GK vs. HVAC - Sectors Allocation Comparison

Sectors	GK	HVAC
Technology	38.9%	16.9%
Communication Services	16.6%	-
Industrials	16.3%	67.0%
Healthcare	7.6%	-
Financial Services	6.1%	-
Utilities	4.5%	7.4%
Consumer Cyclical	3.0%	4.5%
Consumer Defensive	2.4%	-
Basic Materials	-	-
Energy	-	-
Real Estate	-	2.8%

Return for Risk

GK vs. HVAC — Risk / Return Rank

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

GK

GK Risk / Return Rank: 54
GK Sharpe Ratio Rank: 59
GK Sortino Ratio Rank: 57
GK Omega Ratio Rank: 57
GK Calmar Ratio Rank: 46
GK Martin Ratio Rank: 52

HVAC

HVAC Risk / Return Rank: 68
HVAC Sharpe Ratio Rank: 66
HVAC Sortino Ratio Rank: 59
HVAC Omega Ratio Rank: 60
HVAC Calmar Ratio Rank: 79
HVAC Martin Ratio Rank: 75

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.

GK vs. HVAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Gerber Kawasaki ETF (GK) and AdvisorShares HVAC and Industrials ETF (HVAC). 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.

	GK	HVAC	Difference
Sharpe ratio Return per unit of total volatility	2.00	2.19	-0.19
Sortino ratio Return per unit of downside risk	2.75	2.75	0.00
Omega ratio Gain probability vs. loss probability	1.35	1.36	-0.01
Calmar ratio Return relative to maximum drawdown	2.29	4.04	-1.75
Martin ratio Return relative to average drawdown	8.76	14.29	-5.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GK vs. HVAC - Sharpe Ratio Comparison

The current GK Sharpe Ratio is 2.00, which is comparable to the HVAC Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of GK and HVAC, 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

	GK	HVAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	2.19	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	1.67	-1.50

Drawdowns

GK vs. HVAC - Drawdown Comparison

The maximum GK drawdown since its inception was -47.72%, which is greater than HVAC's maximum drawdown of -21.22%. Use the drawdown chart below to compare losses from any high point for GK and HVAC.

Drawdown Indicators

	GK	HVAC	Difference
Max Drawdown Largest peak-to-trough decline	-47.72%	-21.22%	-26.50%
Max Drawdown (1Y) Largest decline over 1 year	-15.13%	-14.83%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-23.62%	—	—
Current Drawdown Current decline from peak	-0.42%	-0.60%	+0.18%
Average Drawdown Average peak-to-trough decline	-24.00%	-3.95%	-20.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	4.19%	-0.25%

Volatility

GK vs. HVAC - Volatility Comparison

The current volatility for AdvisorShares Gerber Kawasaki ETF (GK) is 5.76%, while AdvisorShares HVAC and Industrials ETF (HVAC) has a volatility of 11.09%. This indicates that GK experiences smaller price fluctuations and is considered to be less risky than HVAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GK	HVAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.76%	11.09%	-5.33%
Volatility (6M) Calculated over the trailing 6-month period	13.64%	22.96%	-9.32%
Volatility (1Y) Calculated over the trailing 1-year period	17.30%	27.43%	-10.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.93%	29.39%	-5.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.93%	29.39%	-5.46%

GK vs. HVAC - Expense Ratio Comparison

GK has a 0.75% expense ratio, which is lower than HVAC's 1.00% expense ratio.

Dividends

GK vs. HVAC - Dividend Comparison

GK's dividend yield for the trailing twelve months is around 0.07%, less than HVAC's 0.14% yield.

Position	TTM	2025	2024	2023	2022	2021
GK AdvisorShares Gerber Kawasaki ETF	0.07%	0.08%	0.00%	0.13%	1.30%	0.04%
HVAC AdvisorShares HVAC and Industrials ETF	0.14%	0.19%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GK and HVAC in my portfolio?

GK and HVAC have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GK or HVAC?

HVAC has higher volatility (11.09%) compared to GK (5.76%). In terms of maximum drawdown, GK dropped -47.72% vs HVAC's -21.22%.

Which ETF is better, GK or HVAC?

On 1-year performance, HVAC leads with 59.65% vs 34.45% for GK. On fees, GK is cheaper at 0.75% per year. On volatility, GK has been the lower-risk option at 5.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GK or HVAC?

Over the 1-year period, HVAC has performed better with a 59.65% return vs 34.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GK or HVAC?

GK is cheaper with a 0.75% expense ratio, compared with 1.00% for HVAC.

Which ETF pays a higher dividend yield, GK or HVAC?

HVAC has the higher dividend yield at 0.14%, compared with 0.07% for GK.

What is the main difference between GK and HVAC?

GK is categorized as Large Cap Growth Equities, while HVAC is Industrials Equities. Their fees differ too: 0.75% for GK and 1.00% for HVAC.

Which has better risk-adjusted returns?

HVAC currently has the higher Sharpe Ratio (2.19 vs 2.00), 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.