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IGV vs. GINN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGV vs. GINN

Last updated Aug 4, 2026
Documentation

IGV (iShares Expanded Tech-Software Sector ETF) and GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) are both Technology Equities funds - IGV tracks the S&P North American Expanded Technology Software Index while GINN tracks the Solactive Innovative Global Equity Index. Both are passively managed. Over the past 5 years, IGV returned 3.63%/yr vs 6.21%/yr for GINN. Their correlation of 0.82 means they have usually moved in the same direction. IGV charges 0.39%/yr vs 0.50%/yr for GINN.

Performance

IGV vs. GINN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech-Software Sector ETF (IGV) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IGV achieves a -7.81% return, which is significantly lower than GINN's 9.33% return.

IGV

1D
3.00%
1M
4.11%
6M
8.85%
YTD
-7.81%
1Y
-10.30%
3Y*
12.00%
5Y*
3.63%
10Y*
16.04%
ALL TIME*
9.49%

GINN

1D
1.55%
1M
1.06%
6M
7.30%
YTD
9.33%
1Y
21.13%
3Y*
18.35%
5Y*
6.21%
10Y*
—
ALL TIME*
8.96%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

GINN

Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF
$141.87K$128.01K$214.74K

IGV

iShares Expanded Tech-Software Sector ETF
$1.47B$1.27B$1.69B

IGV vs. GINN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IGV
iShares Expanded Tech-Software Sector ETF		-7.81%5.56%23.41%58.56%-35.65%12.30%6.04%
GINN
Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF		9.33%20.25%18.71%29.94%-32.40%10.39%8.08%

Correlation

The correlation between IGV and GINN is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.64

Correlation (3Y)
Balances recent behavior with more history.

0.73

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.82

Correlation (All Time)
Calculated using the full available price history since Nov 9, 2020

0.82

The correlation between IGV and GINN shifts across timeframes, from 0.64 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.

IGV vs. GINN - Sectors Allocation Comparison

Sectors
IGV
GINN

Technology

89.3%
33.0%

Communication Services

8.3%
9.6%

Financial Services

1.9%
12.5%

Consumer Cyclical

0.3%
12.2%

Industrials

0.1%
5.0%

Basic Materials

-

0.1%

Consumer Defensive

-

1.7%

Energy

-

1.3%

Healthcare

-

22.0%

Real Estate

-

0.6%

Utilities

-

1.7%

Technology

IGV
89.3%
GINN
33.0%

Communication Services

IGV
8.3%
GINN
9.6%

Financial Services

IGV
1.9%
GINN
12.5%

Consumer Cyclical

IGV
0.3%
GINN
12.2%

Industrials

IGV
0.1%
GINN
5.0%

Basic Materials

IGV

-

GINN
0.1%

Consumer Defensive

IGV

-

GINN
1.7%

Energy

IGV

-

GINN
1.3%

Healthcare

IGV

-

GINN
22.0%

Real Estate

IGV

-

GINN
0.6%

Utilities

IGV

-

GINN
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Expanded Tech-Software Sector ETF

Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF

Often compared with IGV:
IGV vs. SOXXIGV vs. QQQIGV vs. XSWIGV vs. VGTIGV vs. XLKIGV vs. SMHIGV vs. SMHX
Often compared with GINN:
GINN vs. KOMPGINN vs. XTGINN vs. VGTGINN vs. VOOGINN vs. ARKKGINN vs. QQQGINN vs. VUG

Return for Risk

IGV vs. GINN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IGV
IGV Risk / Return Rank: 77
Overall Rank
IGV Sharpe Ratio Rank: 66
Sharpe Ratio Rank
IGV Sortino Ratio Rank: 77
Sortino Ratio Rank
IGV Omega Ratio Rank: 77
Omega Ratio Rank
IGV Calmar Ratio Rank: 77
Calmar Ratio Rank
IGV Martin Ratio Rank: 77
Martin Ratio Rank
GINN
GINN Risk / Return Rank: 4646
Overall Rank
GINN Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
GINN Sortino Ratio Rank: 4848
Sortino Ratio Rank
GINN Omega Ratio Rank: 4545
Omega Ratio Rank
GINN Calmar Ratio Rank: 4343
Calmar Ratio Rank
GINN Martin Ratio Rank: 4646
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IGV vs. GINN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). 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.

IGVGINNDifference
Sharpe ratioReturn per unit of total volatility
-0.35
1.28

-1.63

Sortino ratioReturn per unit of downside risk
-0.31
1.82

-2.13

Omega ratioGain probability vs. loss probability

0.96

1.22

-0.26

Calmar ratioReturn relative to maximum drawdown

-0.28

1.61

-1.89

Martin ratioReturn relative to average drawdown

-0.53

5.47

-6.01

IGV vs. GINN - Sharpe Ratio Comparison

The current IGV Sharpe Ratio is -0.35, which is lower than the GINN Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of IGV and GINN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IGV vs. GINN - Drawdown Comparison

The maximum IGV drawdown since its inception was -63.45%, which is greater than GINN's maximum drawdown of -41.25%. Use the drawdown chart below to compare losses from any high point for IGV and GINN.

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Drawdown Indicators

IGVGINNDifference

Max Drawdown

Largest peak-to-trough decline

-63.45%

-41.25%

-22.20%

Max Drawdown (1Y)

Largest decline over 1 year

-36.61%

-13.18%

-23.43%

Max Drawdown (3Y)

Largest decline over 3 years

-36.61%

-22.25%

-14.36%

Max Drawdown (5Y)

Largest decline over 5 years

-45.85%

-41.25%

-4.60%

Max Drawdown (10Y)

Largest decline over 10 years

-45.85%

—

—

Current Drawdown

Current decline from peak

-17.28%

-1.00%

-16.28%

Average Drawdown

Average peak-to-trough decline

-14.49%

-13.08%

-1.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.38%

3.87%

+15.51%

Volatility

IGV vs. GINN - Volatility Comparison

iShares Expanded Tech-Software Sector ETF (IGV) has a higher volatility of 7.40% compared to Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) at 4.15%. This indicates that IGV's price experiences larger fluctuations and is considered to be riskier than GINN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IGVGINNDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.40%

4.15%

+3.25%

Volatility (6M)

Calculated over the trailing 6-month period

25.09%

13.00%

+12.09%

Volatility (1Y)

Calculated over the trailing 1-year period

29.25%

16.63%

+12.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.21%

21.45%

+6.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.47%

20.95%

+5.52%

IGV vs. GINN - Expense Ratio Comparison

IGV has a 0.39% expense ratio, which is lower than GINN's 0.50% expense ratio.

Dividends

IGV vs. GINN - Dividend Comparison

IGV's dividend yield for the trailing twelve months is around 0.02%, less than GINN's 1.15% yield.

PositionTTM20252024202320222021202020192018201720162015
GINN
Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF		1.15%1.26%1.26%1.01%0.69%0.67%0.07%0.00%0.00%0.00%0.00%0.00%
IGV
iShares Expanded Tech-Software Sector ETF		0.02%0.00%0.00%0.01%0.01%0.00%0.35%0.02%0.16%0.09%0.82%0.22%

Frequently Asked Questions

IGV and GINN have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IGV has higher volatility (7.40%) compared to GINN (4.15%). In terms of maximum drawdown, IGV dropped -63.45% vs GINN's -41.25%.

On 5-year performance, GINN leads with 6.21% vs 3.63% for IGV. On fees, IGV is cheaper at 0.39% per year. On volatility, GINN has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, GINN has performed better with a 6.21% return vs 3.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IGV is cheaper with a 0.39% expense ratio, compared with 0.50% for GINN.

GINN has the higher dividend yield at 1.15%, compared with 0.02% for IGV.

IGV tracks S&P North American Expanded Technology Software Index, while GINN tracks Solactive Innovative Global Equity Index. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.39% for IGV and 0.50% for GINN.

GINN currently has the higher Sharpe Ratio (1.28 vs -0.35), 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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