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. Their 0.76 correlation means they have sometimes moved together and sometimes differently. 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 18.84% return, which is significantly higher than GVIP's 8.45% return.
GVLE
- 1D
- 2.16%
- 1M
- 2.61%
- 6M
- 16.20%
- YTD
- 18.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
GVIP
- 1D
- -0.64%
- 1M
- -6.63%
- 6M
- 5.72%
- YTD
- 8.45%
- 1Y
- 21.61%
- 3Y*
- 24.01%
- 5Y*
- 10.95%
- 10Y*
- —
- ALL TIME*
- 16.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.23M | $1.88M | $2.26M | |
| $50.89K | $151.90K | $80.35K |
GVLE vs. GVIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GVLE Goldman Sachs Value Opportunities ETF | 18.84% | 4.29% |
GVIP Goldman Sachs Hedge Industry VIP ETF | 8.45% | 3.39% |
Correlation
The correlation between GVLE and GVIP is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.76 |
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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 | — | 1.16 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.20 | — |
| Martin ratioReturn relative to average drawdown | — | 4.60 | — |
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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 | — | -16.36% | — |
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 | 0.00% | -12.39% | +12.39% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -7.57% | +6.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.26% | — |
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 | — | 9.71% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.05% | 23.29% | -9.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 22.24% | -8.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.05% | 22.02% | -7.97% |
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 0.98%, more than GVIP's 0.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GVIP Goldman Sachs Hedge Industry VIP ETF | 0.31% | 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 | 0.98% | 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 0.76, 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 0.98%, compared with 0.31% for GVIP.
GVLE is categorized as Large Cap Value Equities, while GVIP is Large Cap Growth Equities.
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