GVLE vs. KWIN

Last updated Jul 14, 2026

GVLE (Goldman Sachs Value Opportunities ETF) and KWIN (KraneShares Wahed Alternative Income Index ETF) are both Large Cap Value Equities funds. GVLE is actively managed, while KWIN is passively managed. At a 0.09 correlation, their price movements are largely independent. GVLE charges 0.45%/yr vs 0.51%/yr for KWIN.

Performance

GVLE vs. KWIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Value Opportunities ETF (GVLE) and KraneShares Wahed Alternative Income Index ETF (KWIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GVLE achieves a 15.42% return, which is significantly higher than KWIN's 1.59% return.

GVLE

• 1D: -0.21%
• 1M: 1.91%
• 6M: 12.56%
• YTD: 15.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KWIN

• 1D: 0.06%
• 1M: 0.13%
• 6M: 1.08%
• YTD: 1.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GVLE vs. KWIN - Yearly Performance Comparison

	2026 (YTD)	2025
GVLE Goldman Sachs Value Opportunities ETF	15.42%	4.29%
KWIN KraneShares Wahed Alternative Income Index ETF	1.59%	0.72%

Correlation

The correlation between GVLE and KWIN is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.09

Return for Risk

GVLE vs. KWIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Value Opportunities ETF (GVLE) and KraneShares Wahed Alternative Income Index ETF (KWIN). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

GVLE vs. KWIN - Drawdown Comparison

The maximum GVLE drawdown since its inception was -7.88%, which is greater than KWIN's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for GVLE and KWIN.

Drawdown Indicators

	GVLE	KWIN	Difference
Max Drawdown Largest peak-to-trough decline	-7.88%	-1.50%	-6.38%
Current Drawdown Current decline from peak	-0.70%	-1.44%	+0.74%
Average Drawdown Average peak-to-trough decline	-1.22%	-0.25%	-0.97%

Volatility

Volatility by Period

	GVLE	KWIN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.95%	4.16%	+9.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.95%	4.16%	+9.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.95%	4.16%	+9.79%

GVLE vs. KWIN - Expense Ratio Comparison

GVLE has a 0.45% expense ratio, which is lower than KWIN's 0.51% expense ratio.

Dividends

GVLE vs. KWIN - Dividend Comparison

GVLE's dividend yield for the trailing twelve months is around 1.01%, while KWIN has not paid dividends to shareholders.

Position	TTM	2025
GVLE Goldman Sachs Value Opportunities ETF	1.01%	1.16%
KWIN KraneShares Wahed Alternative Income Index ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both GVLE and KWIN in my portfolio?

GVLE and KWIN have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GVLE or KWIN?

On fees, GVLE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GVLE or KWIN?

GVLE is cheaper with a 0.45% expense ratio, compared with 0.51% for KWIN.

Which ETF pays a higher dividend yield, GVLE or KWIN?

GVLE has the higher dividend yield at 1.01%, compared with 0.00% for KWIN.

What is the main difference between GVLE and KWIN?

They also come from different issuers: Goldman Sachs and KraneShares. Their fees differ too: 0.45% for GVLE and 0.51% for KWIN.