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Launched · SEC filings

Goldman Sachs Hedge Industry VIP ETF

GVIPNYSE ArcaGoldman SachsD

$160.25−1.55 (−0.96%)

As of Nov 10, 2026, 11:18 AM ET

D35/ 100

Rank 36 of 42 in Other Major Indexes

D35/100Rank 36 of 42inOther Major Indexes
Intraday session: down, 22 prints from 161.80 to 160.25. Range 160.00 to 161.48. Use the arrow keys to read each point.160.00160.50161.00161.5010 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$524M
1Y total return
+6.5%
Yield · Last 12 months
0.32%
Holdings
50
Avg volume · 30D
10K sh
52W range
low $138.73high $192.13
Launched
Filings
SEC EDGAR

The ETF.net GVIP Grade

D

Score 35 out of 100

Category
Other Major Indexes⁠
Rank
36 of 42
Six-pillar profile for GVIP. Scores out of 100: Cost 33, Risk 16, Mission 30, Tradability 45, Holdings 58, Durability 61. Strongest: Durability (61). Weakest: Risk (16). Leans toward Durability and Holdings.

Score 35 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D33 out of 100
    Rank 28 of 42

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    D30 out of 100
    Rank 30 of 31

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F16 out of 100
    Rank 40 of 42

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C45 out of 100
    Rank 22 of 42

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B58 out of 100
    Rank 19 of 40

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B61 out of 100
    Rank 18 of 42

Our read on GVIP

ETF.net Research

In short

DSmart-money cloning, by the rulebook. GVIP holds roughly 50 US stocks that show up most often in the top ten positions of fundamental hedge funds' 13F filings, equal-weighted and refreshed on the quarterly filing cycle.

Stated mandate

The Fund seeks to track, before fees and expenses, the performance of the Goldman Sachs Hedge Fund VIP Index.

Why people hold it

  • The rulebook is public: 13F holdings ranked by value, the names appearing most often in managers' top ten get selected, equal dollar-weighted at each rebalance.gsam.com
  • Equal weighting means a crowded mega-cap and a smaller conviction name start each quarter the same size, so it tracks breadth of hedge fund agreement, not market cap.gsam.com
  • Rebalances are keyed to the SEC 13F filing deadline and run quarterly, so the roster turns over with each disclosure cycle instead of sitting static.gsam.com
  • Running since 2016, it is a rules-based index wrapper (Solactive calculates the benchmark) rather than a manager making calls week to week.gsam.com

Worth knowing

  • At 0.45% it costs many times a plain index tracker such as SCHK (0.03%) or VOOV (0.07%). The fee buys the screen, not the beta.
  • 13F snapshots land after the quarter closes and cover long US equity positions. Shorts, hedges and non-US books never make the file.gsam.com
  • About 50 names loved by the same crowd is a concentrated book, and it trades lightly next to the broad index giants in its category.

GVIP Performance

Launched Nov 1, 2016

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

GVIP$10,655
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. GVIP $10,655. SPY $11,339. Use the arrow keys to read each point.$9,000$10,000$11,000$12,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GVIP. Periods over one year show the average yearly return.
PeriodGVIP
Year to date+4.5%
1 month−6.5%
3 months−7.7%
1 year+6.5%
3 yearsper year+23.5%
5 yearsper year+9.3%
10 yearsper year+15.2%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GVIP
YearReturn barGVIP
2026 YTD+4.5%
2025+25.3%
2024+29.8%
2023+39.1%
2022−31.9%

GVIP in the news

GVIP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
0.32%Last 12 months
Payout per share
$0.52Last 12 months
Last payment
$0.52 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 18 payments from 2017 to 2026 YTD. Mar 24, 2017 $0.07; Jun 23, 2017 $0.07; Sep 22, 2017 $0.11; Mar 23, 2018 $0.0073; Jun 25, 2018 $0.06; Sep 24, 2018 $0.08; Dec 24, 2018 $0.08; Mar 25, 2019 $0.31; Jun 24, 2019 $0.05; Sep 24, 2019 $0.12; Dec 24, 2019 $0.008; Mar 25, 2020 $0.11; Dec 24, 2020 $0.00055; Sep 26, 2022 $0.0008; Dec 27, 2022 $0.01; Dec 26, 2023 $0.74; Dec 23, 2024 $0.35; Dec 23, 2025 $0.52. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 30, 2025$0.52
Dec 23, 2024Dec 30, 2024$0.35
Dec 26, 2023Jan 2, 2024$0.74
Dec 27, 2022Dec 30, 2022$0.01
Sep 26, 2022Sep 30, 2022$0.0008
Dec 24, 2020Dec 31, 2020$0.00055
Mar 25, 2020Mar 31, 2020$0.11
Dec 24, 2019Dec 31, 2019$0.008
Sep 24, 2019Sep 30, 2019$0.12
Jun 24, 2019Jun 28, 2019$0.05
Mar 25, 2019Mar 29, 2019$0.31
Dec 24, 2018Dec 31, 2018$0.08

See all 19 payments⁠

$10,000 in GVIP 10 years ago paid $669 in dividends.⁠

GVIP Risk

Risk pillarF16 out of 100Rank 40 of 42 in Other Major Indexes
How much the fund’s monthly returns vary, scaled to a year.
18.2%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.06
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−37.1%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.20
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

GVIP Cost

Compare GVIP and SCHK

Overpaying vs SCHK, cheapest in Other Major Indexes

$8,403

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GVIP 0.45%

    $9,041

  • SCHK 0.03% Cheapest

    $638

$10,000
30 years

Cost over time

  • GVIP 0.45%
  • SCHK 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530GVIP $9,041SCHK $638

Year by year

YearGVIPSCHKOverpaying
10$812$55$757
20$3,128$216$2,912
30$9,041$638$8,403

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