GVIP vs. BIBL
Compare and contrast key facts about Goldman Sachs Hedge Industry VIP ETF (GVIP) and Inspire 100 ETF (BIBL).
GVIP and BIBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BIBL is a passively managed fund by Inspire that tracks the performance of the Inspire 100 Index. It was launched on Oct 30, 2017. Both GVIP and BIBL 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
GVIP vs. BIBL - Performance Comparison
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GVIP vs. BIBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GVIP Goldman Sachs Hedge Industry VIP ETF | -5.92% | 25.27% | 29.82% | 39.15% | -31.95% | 11.86% | 44.12% | 30.21% | -6.85% | 0.74% |
BIBL Inspire 100 ETF | 4.92% | 17.27% | 12.49% | 17.87% | -23.26% | 27.44% | 22.62% | 29.68% | -7.64% | 4.38% |
Returns By Period
In the year-to-date period, GVIP achieves a -5.92% return, which is significantly lower than BIBL's 4.92% return.
GVIP
- 1D
- 4.35%
- 1M
- -6.82%
- YTD
- -5.92%
- 6M
- -4.60%
- 1Y
- 24.04%
- 3Y*
- 24.28%
- 5Y*
- 8.97%
- 10Y*
- —
BIBL
- 1D
- 3.22%
- 1M
- -5.73%
- YTD
- 4.92%
- 6M
- 6.80%
- 1Y
- 24.23%
- 3Y*
- 15.73%
- 5Y*
- 8.13%
- 10Y*
- —
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GVIP vs. BIBL - Expense Ratio Comparison
GVIP has a 0.45% expense ratio, which is higher than BIBL's 0.35% expense ratio.
Return for Risk
GVIP vs. BIBL — Risk / Return Rank
GVIP
BIBL
GVIP vs. BIBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Hedge Industry VIP ETF (GVIP) and Inspire 100 ETF (BIBL). 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.
| GVIP | BIBL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.20 | -0.16 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.72 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.78 | -0.02 |
Martin ratioReturn relative to average drawdown | 6.94 | 8.47 | -1.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GVIP | BIBL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.20 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.42 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.53 | +0.18 |
Correlation
The correlation between GVIP and BIBL is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GVIP vs. BIBL - Dividend Comparison
GVIP's dividend yield for the trailing twelve months is around 0.36%, less than BIBL's 1.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
BIBL Inspire 100 ETF | 1.12% | 1.01% | 0.92% | 1.02% | 0.98% | 17.87% | 1.67% | 1.30% | 1.49% | 0.31% | 0.00% |
Drawdowns
GVIP vs. BIBL - Drawdown Comparison
The maximum GVIP drawdown since its inception was -37.09%, roughly equal to the maximum BIBL drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for GVIP and BIBL.
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Drawdown Indicators
| GVIP | BIBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.09% | -36.12% | -0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -13.67% | -13.93% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -37.09% | -30.85% | -6.24% |
Current DrawdownCurrent decline from peak | -9.91% | -6.01% | -3.90% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -7.17% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.93% | +0.54% |
Volatility
GVIP vs. BIBL - Volatility Comparison
Goldman Sachs Hedge Industry VIP ETF (GVIP) has a higher volatility of 8.62% compared to Inspire 100 ETF (BIBL) at 6.90%. This indicates that GVIP's price experiences larger fluctuations and is considered to be riskier than BIBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GVIP | BIBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.62% | 6.90% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 14.52% | 12.24% | +2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.32% | 20.37% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.19% | 19.44% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.68% | 21.15% | +0.53% |