GTPE vs. GVIP

Last updated Jun 5, 2026

GTPE (Goldman Sachs MSCI World Private Equity Return Tracker ETF) and GVIP (Goldman Sachs Hedge Industry VIP ETF) are both exchange-traded funds - GTPE is a Global Equities fund tracking the MSCI World Private Equity Return Tracker Index, while GVIP is a Large Cap Growth Equities fund tracking the Goldman Sachs Hedge Fund VIP Index. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. GTPE charges 0.50%/yr vs 0.45%/yr for GVIP.

Performance

GTPE vs. GVIP - 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 Hedge Industry VIP ETF (GVIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTPE achieves a 19.04% return, which is significantly higher than GVIP's 16.92% return.

GTPE

• 1D: -0.33%
• 1M: 7.59%
• YTD: 19.04%
• 6M: 20.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GVIP

• 1D: 0.65%
• 1M: 5.70%
• YTD: 16.92%
• 6M: 18.43%
• 1Y: 37.39%
• 3Y*: 30.87%
• 5Y*: 13.05%
• 10Y*: —

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

GTPE vs. GVIP - Yearly Performance Comparison

	2026 (YTD)	2025
GTPE Goldman Sachs MSCI World Private Equity Return Tracker ETF	19.04%	2.66%
GVIP Goldman Sachs Hedge Industry VIP ETF	16.92%	2.03%

Correlation

The correlation between GTPE and GVIP is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025	0.82

Return for Risk

GTPE vs. GVIP — Risk / Return Rank

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

GVIP

GVIP Risk / Return Rank: 61
GVIP Sharpe Ratio Rank: 63
GVIP Sortino Ratio Rank: 59
GVIP Omega Ratio Rank: 61
GVIP Calmar Ratio Rank: 56
GVIP Martin Ratio Rank: 66

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.

GTPE vs. GVIP - 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 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.

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

Sharpe Ratios by Period

	GTPE	GVIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.07	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.29	0.82	+1.46

Drawdowns

GTPE vs. GVIP - Drawdown Comparison

The maximum GTPE drawdown since its inception was -8.91%, smaller than the maximum GVIP drawdown of -37.09%. Use the drawdown chart below to compare losses from any high point for GTPE and GVIP.

Drawdown Indicators

	GTPE	GVIP	Difference
Max Drawdown Largest peak-to-trough decline	-8.91%	-37.09%	+28.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.67%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.09%	—
Current Drawdown Current decline from peak	-0.42%	0.00%	-0.42%
Average Drawdown Average peak-to-trough decline	-1.65%	-7.59%	+5.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.14%	—

Volatility

Volatility by Period

	GTPE	GVIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.17%	18.13%	-0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.17%	21.29%	-4.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.17%	21.64%	-4.47%

GTPE vs. GVIP - Expense Ratio Comparison

GTPE has a 0.50% expense ratio, which is higher than GVIP's 0.45% expense ratio.

Dividends

GTPE vs. GVIP - Dividend Comparison

GTPE has not paid dividends to shareholders, while GVIP's dividend yield for the trailing twelve months is around 0.29%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
GVIP Goldman Sachs Hedge Industry VIP ETF	0.29%	0.34%	0.29%	0.77%	0.02%	0.00%	0.12%	0.77%	0.44%	0.45%	0.08%

Frequently Asked Questions

Can I hold both GTPE and GVIP in my portfolio?

GTPE and GVIP have a correlation of 0.82, 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 GVIP?

On fees, GVIP is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GTPE or GVIP?

GVIP is cheaper with a 0.45% expense ratio, compared with 0.50% for GTPE.

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

GVIP has the higher dividend yield at 0.29%, compared with 0.00% for GTPE.

What is the main difference between GTPE and GVIP?

GTPE is categorized as Global Equities, while GVIP is Large Cap Growth Equities. GTPE tracks MSCI World Private Equity Return Tracker Index, while GVIP tracks Goldman Sachs Hedge Fund VIP Index. Their fees differ too: 0.50% for GTPE and 0.45% for GVIP.