GXUS vs. GVIP
GXUS (Goldman Sachs MarketBeta(R) Total International Equity ETF) and GVIP (Goldman Sachs Hedge Industry VIP ETF) are both exchange-traded funds - GXUS is a Foreign Large Cap Equities fund tracking the Solactive GBS Global Markets ex United States Large & Mid Cap Index - Benchmark TR Net, while GVIP is a Large Cap Growth Equities fund tracking the Goldman Sachs Hedge Fund VIP Index. Both are passively managed. Over the past year, GXUS returned 31.75% vs 36.94% for GVIP. A 0.65 correlation means they provide meaningful diversification when combined. GXUS charges 0.18%/yr vs 0.45%/yr for GVIP.
Performance
GXUS vs. GVIP - Performance Comparison
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Returns By Period
In the year-to-date period, GXUS achieves a 14.90% return, which is significantly lower than GVIP's 16.17% return.
GXUS
- 1D
- -0.98%
- 1M
- 5.14%
- YTD
- 14.90%
- 6M
- 17.66%
- 1Y
- 31.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GVIP
- 1D
- -0.33%
- 1M
- 6.71%
- YTD
- 16.17%
- 6M
- 18.08%
- 1Y
- 36.94%
- 3Y*
- 30.49%
- 5Y*
- 12.90%
- 10Y*
- —
GXUS vs. GVIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GXUS Goldman Sachs MarketBeta(R) Total International Equity ETF | 14.90% | 31.47% | 4.61% | 6.23% |
GVIP Goldman Sachs Hedge Industry VIP ETF | 16.17% | 25.27% | 29.82% | 18.97% |
Correlation
The correlation between GXUS and GVIP is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2023 | 0.65 |
The correlation between GXUS and GVIP has been stable across timeframes, ranging from 0.65 to 0.67 - a consistent structural relationship.
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Return for Risk
GXUS vs. GVIP — Risk / Return Rank
GXUS
GVIP
GXUS vs. GVIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta(R) Total International Equity ETF (GXUS) 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.
| GXUS | GVIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.71 | +0.07 |
| Martin ratioReturn relative to average drawdown | 10.51 | 11.81 | -1.30 |
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
| GXUS | GVIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 2.05 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.25 | 0.82 | +0.43 |
Drawdowns
GXUS vs. GVIP - Drawdown Comparison
The maximum GXUS drawdown since its inception was -13.90%, smaller than the maximum GVIP drawdown of -37.09%. Use the drawdown chart below to compare losses from any high point for GXUS and GVIP.
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Drawdown Indicators
| GXUS | GVIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.90% | -37.09% | +23.19% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -13.67% | +2.21% |
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 | -0.98% | -0.33% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -7.59% | +4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 3.14% | -0.11% |
Volatility
GXUS vs. GVIP - Volatility Comparison
Goldman Sachs MarketBeta(R) Total International Equity ETF (GXUS) and Goldman Sachs Hedge Industry VIP ETF (GVIP) have volatilities of 5.42% and 5.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GXUS | GVIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 5.42% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 13.11% | 14.47% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.33% | 18.13% | -1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 21.29% | -6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 21.65% | -6.43% |
GXUS vs. GVIP - Expense Ratio Comparison
GXUS has a 0.18% expense ratio, which is lower than GVIP's 0.45% expense ratio.
Dividends
GXUS vs. GVIP - Dividend Comparison
GXUS's dividend yield for the trailing twelve months is around 2.19%, 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% |
GXUS Goldman Sachs MarketBeta(R) Total International Equity ETF | 2.19% | 2.66% | 2.87% | 1.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GXUS and GVIP have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GVIP has higher volatility (5.42%) compared to GXUS (5.42%). In terms of maximum drawdown, GXUS dropped -13.90% vs GVIP's -37.09%.
On 1-year performance, GVIP leads with 36.94% vs 31.75% for GXUS. On fees, GXUS is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GVIP has performed better with a 36.94% return vs 31.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GXUS is cheaper with a 0.18% expense ratio, compared with 0.45% for GVIP.
GXUS has the higher dividend yield at 2.19%, compared with 0.29% for GVIP.
GXUS is categorized as Foreign Large Cap Equities, while GVIP is Large Cap Growth Equities. GXUS tracks Solactive GBS Global Markets ex United States Large & Mid Cap Index - Benchmark TR Net, while GVIP tracks Goldman Sachs Hedge Fund VIP Index. Their fees differ too: 0.18% for GXUS and 0.45% for GVIP.
GVIP currently has the higher Sharpe Ratio (2.05 vs 1.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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