GPRF vs. GVIP
Compare and contrast key facts about Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) and Goldman Sachs Hedge Industry VIP ETF (GVIP).
GPRF and GVIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GPRF is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs US Preferred Stock and Hybrids Index. It was launched on Jul 30, 2024. 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 GPRF 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
GPRF vs. GVIP - Performance Comparison
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GPRF vs. GVIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GPRF Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF | -0.71% | 6.17% | 2.34% |
GVIP Goldman Sachs Hedge Industry VIP ETF | -5.92% | 25.27% | 14.83% |
Returns By Period
In the year-to-date period, GPRF achieves a -0.71% return, which is significantly higher than GVIP's -5.92% return.
GPRF
- 1D
- 0.23%
- 1M
- -2.45%
- YTD
- -0.71%
- 6M
- -0.58%
- 1Y
- 4.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GVIP
- 1D
- 4.35%
- 1M
- -6.82%
- YTD
- -5.92%
- 6M
- -4.60%
- 1Y
- 24.04%
- 3Y*
- 24.28%
- 5Y*
- 8.97%
- 10Y*
- —
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GPRF vs. GVIP - Expense Ratio Comparison
Both GPRF and GVIP have an expense ratio of 0.45%.
Return for Risk
GPRF vs. GVIP — Risk / Return Rank
GPRF
GVIP
GPRF vs. GVIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) 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.
| GPRF | GVIP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 1.04 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.55 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.76 | -0.68 |
Martin ratioReturn relative to average drawdown | 4.94 | 6.94 | -2.00 |
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
| GPRF | GVIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.04 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.71 | +0.45 |
Correlation
The correlation between GPRF and GVIP is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GPRF vs. GVIP - Dividend Comparison
GPRF's dividend yield for the trailing twelve months is around 5.53%, more than GVIP's 0.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GPRF Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF | 5.53% | 5.38% | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GVIP Goldman Sachs Hedge Industry VIP ETF | 0.36% | 0.34% | 0.29% | 0.77% | 0.02% | 0.00% | 0.12% | 0.77% | 0.44% | 0.45% | 0.08% |
Drawdowns
GPRF vs. GVIP - Drawdown Comparison
The maximum GPRF drawdown since its inception was -4.36%, smaller than the maximum GVIP drawdown of -37.09%. Use the drawdown chart below to compare losses from any high point for GPRF and GVIP.
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Drawdown Indicators
| GPRF | GVIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.36% | -37.09% | +32.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -13.67% | +9.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.09% | — |
Current DrawdownCurrent decline from peak | -2.78% | -9.91% | +7.13% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -7.71% | +6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 3.47% | -2.55% |
Volatility
GPRF vs. GVIP - Volatility Comparison
The current volatility for Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) is 2.34%, while Goldman Sachs Hedge Industry VIP ETF (GVIP) has a volatility of 8.62%. This indicates that GPRF 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
| GPRF | GVIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 8.62% | -6.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 14.52% | -11.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 23.32% | -19.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.03% | 21.19% | -17.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 21.68% | -17.65% |