GTPE vs. VOO

Last updated Jul 12, 2026

GTPE (Goldman Sachs MSCI World Private Equity Return Tracker ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - GTPE is a Global Equities fund tracking the MSCI World Private Equity Return Tracker Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Their correlation of 0.88 suggests significant overlap in exposure. GTPE charges 0.50%/yr vs 0.03%/yr for VOO.

Performance

GTPE vs. VOO - 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 Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTPE achieves a 18.27% return, which is significantly higher than VOO's 11.31% return.

GTPE

• 1D: 0.03%
• 1M: 1.77%
• 6M: 15.75%
• YTD: 18.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOO

• 1D: 0.46%
• 1M: 2.60%
• 6M: 9.36%
• YTD: 11.31%
• 1Y: 22.48%
• 3Y*: 21.08%
• 5Y*: 13.22%
• 10Y*: 15.29%

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

GTPE vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025
GTPE Goldman Sachs MSCI World Private Equity Return Tracker ETF	18.27%	2.96%
VOO Vanguard S&P 500 ETF	11.31%	2.43%

Correlation

The correlation between GTPE and VOO is 0.88, 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 23, 2025	0.88

Return for Risk

GTPE vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 68
VOO Sortino Ratio Rank: 66
VOO Omega Ratio Rank: 68
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 74

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. VOO - 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 Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.77	—
Sortino ratio: Return per unit of downside risk	—	2.44	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.49	—
Martin ratio: Return relative to average drawdown	—	10.85	—

Drawdowns

GTPE vs. VOO - Drawdown Comparison

The maximum GTPE drawdown since its inception was -8.91%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GTPE and VOO.

Drawdown Indicators

	GTPE	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-8.91%	-33.99%	+25.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-1.39%	-0.34%	-1.05%
Average Drawdown Average peak-to-trough decline	-1.72%	-3.68%	+1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.04%	—

Volatility

Volatility by Period

	GTPE	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.04%	12.48%	+5.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.04%	16.92%	+1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.04%	17.99%	+0.05%

GTPE vs. VOO - Expense Ratio Comparison

GTPE has a 0.50% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

GTPE vs. VOO - Dividend Comparison

GTPE has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.06%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
VOO Vanguard S&P 500 ETF	1.06%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both GTPE and VOO in my portfolio?

GTPE and VOO have a correlation of 0.88, 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 VOO?

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GTPE or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.50% for GTPE.

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

VOO has the higher dividend yield at 1.06%, compared with 0.00% for GTPE.

What is the main difference between GTPE and VOO?

GTPE is categorized as Global Equities, while VOO is S&P 500. GTPE tracks MSCI World Private Equity Return Tracker Index, while VOO tracks S&P 500 Index. They also come from different issuers: Goldman Sachs and Vanguard. Their fees differ too: 0.50% for GTPE and 0.03% for VOO.