GVLE vs. GVIP
GVLE (Goldman Sachs Value Opportunities ETF) and GVIP (Goldman Sachs Hedge Industry VIP ETF) are both exchange-traded funds - GVLE is a Large Cap Value Equities fund actively managed by Goldman Sachs, while GVIP is a Large Cap Growth Equities fund tracking the Goldman Sachs Hedge Fund VIP Index. GVLE is actively managed, while GVIP is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.
Performance
GVLE vs. GVIP - Performance Comparison
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Returns By Period
In the year-to-date period, GVLE achieves a 15.66% return, which is significantly higher than GVIP's 14.44% return.
GVLE
- 1D
- 0.36%
- 1M
- 2.13%
- 6M
- 12.60%
- YTD
- 15.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GVIP
- 1D
- -2.26%
- 1M
- 0.04%
- 6M
- 10.98%
- YTD
- 14.44%
- 1Y
- 28.81%
- 3Y*
- 27.08%
- 5Y*
- 12.18%
- 10Y*
- —
GVLE vs. GVIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GVLE Goldman Sachs Value Opportunities ETF | 15.66% | 4.29% |
GVIP Goldman Sachs Hedge Industry VIP ETF | 14.44% | 3.39% |
Correlation
The correlation between GVLE and GVIP is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.79 |
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Return for Risk
GVLE vs. GVIP — Risk / Return Rank
GVLE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GVIP
GVLE vs. GVIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Value Opportunities ETF (GVLE) and Goldman Sachs Hedge Industry VIP ETF (GVIP). 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.
| GVLE | GVIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.12 | — |
| Martin ratioReturn relative to average drawdown | — | 8.35 | — |
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Drawdowns
GVLE vs. GVIP - Drawdown Comparison
The maximum GVLE drawdown since its inception was -7.88%, smaller than the maximum GVIP drawdown of -37.09%. Use the drawdown chart below to compare losses from any high point for GVLE and GVIP.
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Drawdown Indicators
| GVLE | GVIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.88% | -37.09% | +29.21% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.67% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.09% | — |
Current DrawdownCurrent decline from peak | -0.49% | -7.55% | +7.06% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -7.55% | +6.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.46% | — |
Volatility
GVLE vs. GVIP - Volatility Comparison
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Volatility by Period
| GVLE | GVIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.62% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.99% | 21.81% | -7.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.99% | 21.99% | -8.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.99% | 21.91% | -7.92% |
GVLE vs. GVIP - Expense Ratio Comparison
Both GVLE and GVIP have an expense ratio of 0.45%.
Dividends
GVLE vs. GVIP - Dividend Comparison
GVLE's dividend yield for the trailing twelve months is around 1.01%, more than GVIP's 0.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GVIP Goldman Sachs Hedge Industry VIP ETF | 0.29% | 0.34% | 0.29% | 0.77% | 0.02% | 0.00% | 0.12% | 0.77% | 0.44% | 0.45% | 0.08% |
GVLE Goldman Sachs Value Opportunities ETF | 1.01% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GVLE and GVIP have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GVLE and GVIP have the same expense ratio: 0.45% per year.
GVLE has the higher dividend yield at 1.01%, compared with 0.29% for GVIP.
GVLE is categorized as Large Cap Value Equities, while GVIP is Large Cap Growth Equities.
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