GVIP vs. SCHG
Compare and contrast key facts about Goldman Sachs Hedge Industry VIP ETF (GVIP) and Schwab U.S. Large-Cap Growth ETF (SCHG).
GVIP and SCHG 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. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009. Both GVIP and SCHG 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 SCHG.
Performance
GVIP vs. SCHG - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with GVIP having a 31.56% return and SCHG slightly higher at 32.53%.
GVIP
31.56%
2.78%
14.11%
38.97%
16.24%
N/A
SCHG
32.53%
2.62%
15.29%
38.57%
20.39%
16.49%
Key characteristics
| GVIP | SCHG | |
|---|---|---|
| Sharpe Ratio | 2.61 | 2.25 |
| Sortino Ratio | 3.56 | 2.93 |
| Omega Ratio | 1.48 | 1.41 |
| Calmar Ratio | 2.79 | 3.09 |
| Martin Ratio | 18.49 | 12.27 |
| Ulcer Index | 2.11% | 3.11% |
| Daily Std Dev | 14.92% | 17.00% |
| Max Drawdown | -37.09% | -34.59% |
| Current Drawdown | -1.43% | -1.51% |
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GVIP vs. SCHG - Expense Ratio Comparison
GVIP has a 0.45% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Correlation
The correlation between GVIP and SCHG is 0.91, 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. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Hedge Industry VIP ETF (GVIP) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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. SCHG - Dividend Comparison
GVIP's dividend yield for the trailing twelve months is around 0.59%, more than SCHG's 0.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GVIP Goldman Sachs Hedge Industry VIP ETF | 0.59% | 0.77% | 0.02% | 0.00% | 0.12% | 0.77% | 0.44% | 0.45% | 0.08% | 0.00% | 0.00% | 0.00% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.40% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% | 1.09% | 1.07% |
Drawdowns
GVIP vs. SCHG - Drawdown Comparison
The maximum GVIP drawdown since its inception was -37.09%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for GVIP and SCHG. For additional features, visit the drawdowns tool.
Volatility
GVIP vs. SCHG - Volatility Comparison
The current volatility for Goldman Sachs Hedge Industry VIP ETF (GVIP) is 5.24%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 5.78%. This indicates that GVIP experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.