GVIP vs. GBIL
Compare and contrast key facts about Goldman Sachs Hedge Industry VIP ETF (GVIP) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL).
GVIP and GBIL 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. GBIL is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE US Treasury 0-1 Year Composite Select Index. It was launched on Sep 6, 2016. Both GVIP and GBIL 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. GBIL - Performance Comparison
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GVIP vs. GBIL - 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% | 25.79% |
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 0.80% | 4.12% | 5.24% | 4.91% | 1.05% | -0.08% | 0.79% | 2.31% | 1.78% | 0.69% |
Returns By Period
In the year-to-date period, GVIP achieves a -5.92% return, which is significantly lower than GBIL's 0.80% return.
GVIP
- 1D
- 4.35%
- 1M
- -6.82%
- YTD
- -5.92%
- 6M
- -4.60%
- 1Y
- 24.04%
- 3Y*
- 24.28%
- 5Y*
- 8.97%
- 10Y*
- —
GBIL
- 1D
- 0.01%
- 1M
- 0.26%
- YTD
- 0.80%
- 6M
- 1.83%
- 1Y
- 3.99%
- 3Y*
- 4.66%
- 5Y*
- 3.19%
- 10Y*
- —
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GVIP vs. GBIL - Expense Ratio Comparison
GVIP has a 0.45% expense ratio, which is higher than GBIL's 0.12% expense ratio.
Return for Risk
GVIP vs. GBIL — Risk / Return Rank
GVIP
GBIL
GVIP vs. GBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Hedge Industry VIP ETF (GVIP) 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.
| GVIP | GBIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 16.02 | -14.98 |
Sortino ratioReturn per unit of downside risk | 1.55 | 81.72 | -80.18 |
Omega ratioGain probability vs. loss probability | 1.22 | 24.01 | -22.78 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 199.80 | -198.04 |
Martin ratioReturn relative to average drawdown | 6.94 | 1,295.81 | -1,288.87 |
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 | GBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 16.02 | -14.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 5.54 | -5.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 4.79 | -4.07 |
Correlation
The correlation between GVIP and GBIL is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
GVIP vs. GBIL - Dividend Comparison
GVIP's dividend yield for the trailing twelve months is around 0.36%, less than GBIL's 3.89% 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% |
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 3.89% | 4.02% | 4.93% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% |
Drawdowns
GVIP vs. GBIL - Drawdown Comparison
The maximum GVIP drawdown since its inception was -37.09%, which is greater than GBIL's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for GVIP and GBIL.
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Drawdown Indicators
| GVIP | GBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.09% | -0.76% | -36.33% |
Max Drawdown (1Y)Largest decline over 1 year | -13.67% | -0.02% | -13.65% |
Max Drawdown (5Y)Largest decline over 5 years | -37.09% | -0.76% | -36.33% |
Current DrawdownCurrent decline from peak | -9.91% | 0.00% | -9.91% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -0.04% | -7.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 0.00% | +3.47% |
Volatility
GVIP vs. GBIL - Volatility Comparison
Goldman Sachs Hedge Industry VIP ETF (GVIP) has a higher volatility of 8.62% compared to Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) at 0.08%. This indicates that GVIP's price experiences larger fluctuations and is considered to be riskier than GBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GVIP | GBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.62% | 0.08% | +8.54% |
Volatility (6M)Calculated over the trailing 6-month period | 14.52% | 0.15% | +14.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.32% | 0.25% | +23.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.19% | 0.58% | +20.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.68% | 0.47% | +21.21% |