GVIP vs. DGRO
Compare and contrast key facts about Goldman Sachs Hedge Industry VIP ETF (GVIP) and iShares Core Dividend Growth ETF (DGRO).
GVIP and DGRO 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. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both GVIP and DGRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GVIP or DGRO.
Performance
GVIP vs. DGRO - Performance Comparison
Returns By Period
In the year-to-date period, GVIP achieves a 32.62% return, which is significantly higher than DGRO's 20.51% return.
GVIP
32.62%
3.60%
15.88%
39.01%
16.41%
N/A
DGRO
20.51%
0.76%
12.23%
27.58%
12.00%
11.82%
Key characteristics
| GVIP | DGRO | |
|---|---|---|
| Sharpe Ratio | 2.68 | 2.92 |
| Sortino Ratio | 3.64 | 4.12 |
| Omega Ratio | 1.49 | 1.54 |
| Calmar Ratio | 2.94 | 5.76 |
| Martin Ratio | 19.02 | 19.22 |
| Ulcer Index | 2.11% | 1.46% |
| Daily Std Dev | 14.94% | 9.61% |
| Max Drawdown | -37.09% | -35.10% |
| Current Drawdown | -0.63% | -0.65% |
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GVIP vs. DGRO - Expense Ratio Comparison
GVIP has a 0.45% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Correlation
The correlation between GVIP and DGRO is 0.76, 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.
Risk-Adjusted Performance
GVIP vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Hedge Industry VIP ETF (GVIP) and iShares Core Dividend Growth ETF (DGRO). 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.
Dividends
GVIP vs. DGRO - Dividend Comparison
GVIP's dividend yield for the trailing twelve months is around 0.58%, less than DGRO's 2.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GVIP Goldman Sachs Hedge Industry VIP ETF | 0.58% | 0.77% | 0.02% | 0.00% | 0.12% | 0.77% | 0.44% | 0.45% | 0.08% | 0.00% | 0.00% |
DGRO iShares Core Dividend Growth ETF | 2.16% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% |
Drawdowns
GVIP vs. DGRO - Drawdown Comparison
The maximum GVIP drawdown since its inception was -37.09%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for GVIP and DGRO. For additional features, visit the drawdowns tool.
Volatility
GVIP vs. DGRO - Volatility Comparison
Goldman Sachs Hedge Industry VIP ETF (GVIP) has a higher volatility of 5.19% compared to iShares Core Dividend Growth ETF (DGRO) at 3.40%. This indicates that GVIP's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.