VOX vs. GINN

Last updated Jun 4, 2026

VOX (Vanguard Communication Services ETF) and GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) are both Technology Equities funds - VOX tracks the MSCI US Investable Market Telecommunication Services 25/50 Index while GINN tracks the Solactive Innovative Global Equity Index. Both are passively managed. Over the past 5 years, VOX returned 7.58%/yr vs 6.82%/yr for GINN. Their correlation of 0.82 suggests significant overlap in exposure. VOX charges 0.10%/yr vs 0.50%/yr for GINN.

Performance

VOX vs. GINN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Communication Services ETF (VOX) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOX achieves a -1.38% return, which is significantly lower than GINN's 8.64% return.

VOX

• 1D: -0.84%
• 1M: -2.77%
• YTD: -1.38%
• 6M: 0.47%
• 1Y: 20.55%
• 3Y*: 24.02%
• 5Y*: 7.58%
• 10Y*: 9.30%

GINN

• 1D: -1.29%
• 1M: 5.38%
• YTD: 8.64%
• 6M: 7.90%
• 1Y: 25.65%
• 3Y*: 19.95%
• 5Y*: 6.82%
• 10Y*: —

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

VOX vs. GINN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VOX Vanguard Communication Services ETF	-1.38%	26.27%	33.12%	44.81%	-38.85%	13.83%	8.77%
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	8.64%	20.25%	18.71%	29.94%	-32.40%	10.39%	9.84%

Correlation

The correlation between VOX and GINN is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Nov 10, 2020	0.82

The correlation between VOX and GINN shifts across timeframes, from 0.69 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

VOX vs. GINN - Sectors Allocation Comparison

Sectors	VOX	GINN
Communication Services	98.4%	10.8%
Technology	1.2%	32.4%
Consumer Cyclical	0.2%	14.6%
Real Estate	0.1%	0.8%
Industrials	0.0%	6.1%
Healthcare	0.0%	18.6%
Basic Materials	-	0.1%
Consumer Defensive	-	2.0%
Energy	-	1.4%
Financial Services	-	11.4%
Utilities	-	1.9%

Return for Risk

VOX vs. GINN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VOX

VOX Risk / Return Rank: 35
VOX Sharpe Ratio Rank: 36
VOX Sortino Ratio Rank: 38
VOX Omega Ratio Rank: 35
VOX Calmar Ratio Rank: 30
VOX Martin Ratio Rank: 37

GINN

GINN Risk / Return Rank: 44
GINN Sharpe Ratio Rank: 46
GINN Sortino Ratio Rank: 45
GINN Omega Ratio Rank: 43
GINN Calmar Ratio Rank: 40
GINN Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VOX vs. GINN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Communication Services ETF (VOX) 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.

	VOX	GINN	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.61	-0.27
Sortino ratio: Return per unit of downside risk	2.00	2.25	-0.25
Omega ratio: Gain probability vs. loss probability	1.24	1.28	-0.04
Calmar ratio: Return relative to maximum drawdown	1.52	1.95	-0.43
Martin ratio: Return relative to average drawdown	5.83	7.06	-1.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOX vs. GINN - Sharpe Ratio Comparison

The current VOX Sharpe Ratio is 1.34, which is comparable to the GINN Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of VOX 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.

Sharpe Ratios by Period

	VOX	GINN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	1.61	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.32	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.45	-0.02

Drawdowns

VOX vs. GINN - Drawdown Comparison

The maximum VOX drawdown since its inception was -57.18%, which is greater than GINN's maximum drawdown of -41.25%. Use the drawdown chart below to compare losses from any high point for VOX and GINN.

Drawdown Indicators

	VOX	GINN	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-41.25%	-15.93%
Max Drawdown (1Y) Largest decline over 1 year	-13.56%	-13.18%	-0.38%
Max Drawdown (3Y) Largest decline over 3 years	-21.15%	-22.25%	+1.10%
Max Drawdown (5Y) Largest decline over 5 years	-46.76%	-41.25%	-5.51%
Max Drawdown (10Y) Largest decline over 10 years	-46.76%	—	—
Current Drawdown Current decline from peak	-4.70%	-1.63%	-3.07%
Average Drawdown Average peak-to-trough decline	-11.91%	-13.37%	+1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	3.64%	-0.10%

Volatility

VOX vs. GINN - Volatility Comparison

Vanguard Communication Services ETF (VOX) has a higher volatility of 4.24% compared to Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) at 3.98%. This indicates that VOX'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.

Volatility by Period

	VOX	GINN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	3.98%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	11.16%	12.04%	-0.88%
Volatility (1Y) Calculated over the trailing 1-year period	15.45%	16.06%	-0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.15%	21.33%	-0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.89%	21.05%	-0.16%

VOX vs. GINN - Expense Ratio Comparison

VOX has a 0.10% expense ratio, which is lower than GINN's 0.50% expense ratio.

Dividends

VOX vs. GINN - Dividend Comparison

VOX's dividend yield for the trailing twelve months is around 1.00%, less than GINN's 1.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	1.16%	1.26%	1.26%	1.01%	0.69%	0.67%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%
VOX Vanguard Communication Services ETF	1.00%	0.95%	1.05%	1.03%	0.88%	0.93%	0.73%	0.90%	2.77%	3.83%	2.67%	3.55%

Frequently Asked Questions

Can I hold both VOX and GINN in my portfolio?

VOX and GINN have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOX or GINN?

VOX has higher volatility (4.24%) compared to GINN (3.98%). In terms of maximum drawdown, VOX dropped -57.18% vs GINN's -41.25%.

Which ETF is better, VOX or GINN?

On 5-year performance, VOX leads with 7.58% vs 6.82% for GINN. On fees, VOX is cheaper at 0.10% per year. On volatility, GINN has been the lower-risk option at 3.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOX or GINN?

Over the 5-year period, VOX has performed better with a 7.58% return vs 6.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOX or GINN?

VOX is cheaper with a 0.10% expense ratio, compared with 0.50% for GINN.

Which ETF pays a higher dividend yield, VOX or GINN?

GINN has the higher dividend yield at 1.16%, compared with 1.00% for VOX.

What is the main difference between VOX and GINN?

VOX tracks MSCI US Investable Market Telecommunication Services 25/50 Index, while GINN tracks Solactive Innovative Global Equity Index. They also come from different issuers: Vanguard and Goldman Sachs. Their fees differ too: 0.10% for VOX and 0.50% for GINN.

Which has better risk-adjusted returns?

GINN currently has the higher Sharpe Ratio (1.61 vs 1.34), 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.