GTPE vs. GBIL

Last updated Aug 5, 2026

GTPE (Goldman Sachs MSCI World Private Equity Return Tracker ETF) and GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) are both exchange-traded funds - GTPE is a Global Equities fund tracking the MSCI World Private Equity Return Tracker Index, while GBIL is a Government Bonds fund tracking the FTSE US Treasury 0-1 Year Composite Select Index. Both are passively managed. Their 0.06 correlation means their historical movements had little consistent relationship. GTPE charges 0.50%/yr vs 0.12%/yr for GBIL.

Performance

GTPE vs. GBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs MSCI World Private Equity Return Tracker ETF (GTPE) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTPE achieves a 19.83% return, which is significantly higher than GBIL's 2.03% return.

GTPE

• 1D: 2.94%
• 1M: 1.86%
• 6M: 17.02%
• YTD: 19.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

GBIL

• 1D: 0.03%
• 1M: 0.31%
• 6M: 1.74%
• YTD: 2.03%
• 1Y: 3.76%
• 3Y*: 4.55%
• 5Y*: 3.44%
• 10Y*: —
• ALL TIME*: 2.30%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	$54.21M	$51.93M	$68.82M
GTPE Goldman Sachs MSCI World Private Equity Return Tracker ETF	$14.14K	$53.53K	$77.01K

GTPE vs. GBIL - Yearly Performance Comparison

	2026 (YTD)	2025
GTPE Goldman Sachs MSCI World Private Equity Return Tracker ETF	19.83%	2.96%
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	2.03%	0.77%

Correlation

The correlation between GTPE and GBIL is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.06

Return for Risk

GTPE vs. GBIL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GTPE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GBIL

GBIL Risk / Return Rank: 100
GBIL Sharpe Ratio Rank: 100
GBIL Sortino Ratio Rank: 100
GBIL Omega Ratio Rank: 100
GBIL Calmar Ratio Rank: 100
GBIL Martin Ratio Rank: 100

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GTPE vs. GBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MSCI World Private Equity Return Tracker ETF (GTPE) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). 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.

	GTPE	GBIL	Difference
Sharpe ratio: Return per unit of total volatility	—	18.16	—
Sortino ratio: Return per unit of downside risk	—	151.15	—
Omega ratio: Gain probability vs. loss probability	—	93.38	—
Calmar ratio: Return relative to maximum drawdown	—	188.95	—
Martin ratio: Return relative to average drawdown	—	2,263.03	—

Drawdowns

GTPE vs. GBIL - Drawdown Comparison

The maximum GTPE drawdown since its inception was -8.91%, which is greater than GBIL's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for GTPE and GBIL.

Drawdown Indicators

	GTPE	GBIL	Difference
Max Drawdown Largest peak-to-trough decline	-8.91%	-0.76%	-8.15%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.76%	—
Current Drawdown Current decline from peak	-0.09%	0.00%	-0.09%
Average Drawdown Average peak-to-trough decline	-1.85%	-0.04%	-1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	GTPE	GBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.16%	0.21%	+17.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.16%	0.58%	+17.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.16%	0.47%	+17.69%

GTPE vs. GBIL - Expense Ratio Comparison

GTPE has a 0.50% expense ratio, which is higher than GBIL's 0.12% expense ratio.

Dividends

GTPE vs. GBIL - Dividend Comparison

GTPE has not paid dividends to shareholders, while GBIL's dividend yield for the trailing twelve months is around 3.67%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	3.67%	4.02%	4.93%	4.77%	1.37%	0.00%	0.81%	2.20%	1.70%	0.74%	0.11%
GTPE Goldman Sachs MSCI World Private Equity Return Tracker ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GTPE and GBIL in my portfolio?

GTPE and GBIL have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GTPE or GBIL?

On fees, GBIL is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GTPE or GBIL?

GBIL is cheaper with a 0.12% expense ratio, compared with 0.50% for GTPE.

Which ETF pays a higher dividend yield, GTPE or GBIL?

GBIL has the higher dividend yield at 3.67%, compared with 0.00% for GTPE.

What is the main difference between GTPE and GBIL?

GTPE is categorized as Global Equities, while GBIL is Government Bonds. GTPE tracks MSCI World Private Equity Return Tracker Index, while GBIL tracks FTSE US Treasury 0-1 Year Composite Select Index. Their fees differ too: 0.50% for GTPE and 0.12% for GBIL.