Goldman Sachs Hedge Industry VIP ETF
$171.97−1.99 (−1.14%)
- Expense ratio
- 0.45%
- Fund size
- $581M
- 1Y return
- +13.1%
- Yield · Last 12 months
- 0.30%
- Holdings
- 51
- Volume · 30D
- 0M sh
- NAV per share
- $173.47
- 52W range
The ETF.net GVIP Grade
Score 39 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 36Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.DScore 34Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 26Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 44Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 67Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 55Category rank
Our read on GVIP
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.
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 Holdings
- Stocks
- 51
- 23%
- META
Sectors
- Technology31.6%
- Financials14.7%
- Communication13.8%
- Industrials13.6%
- Consumer Discr.12.6%
- Health Care8.3%
- Utilities3.6%
- Real Estate1.7%
Geography
- United States84.83%
- Singapore3.54%
- Netherlands3.48%
- Uruguay2.13%
- Taiwan (Province of China)2.09%
- Brazil1.94%
- France1.84%
- Israel0.15%
GVIP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | GVIP |
|---|---|
| Year to date | +12.3% |
| 1 month | +0.7% |
| 3 months | −9.3% |
| 1 year | +13.1% |
| 3 years | +27.2% |
| 5 years | +11.6% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GVIP |
|---|---|---|
| 2026 YTD | +12.3% | |
| 2025 | +25.3% | |
| 2024 | +29.8% | |
| 2023 | +39.1% | |
| 2022 | −31.9% | |
| 2021 | +11.9% | |
| 2020 | +44.1% |
GVIP in the news
ETF.net Research hasn’t filed on GVIP yet — coverage lands here as it’s written.
GVIP Dividends
- 0.30%
- $0.52
- $0.52 per share
- Annual
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 23, 2025 | Dec 30, 2025 | $0.52 |
| Dec 23, 2024 | Dec 30, 2024 | $0.35 |
| Dec 26, 2023 | Jan 2, 2024 | $0.74 |
| Dec 27, 2022 | Dec 30, 2022 | $0.01 |
| Sep 26, 2022 | Sep 30, 2022 | $0.0008 |
| Dec 24, 2020 | Dec 31, 2020 | $0.00055 |
| Mar 25, 2020 | Mar 31, 2020 | $0.11 |
| Dec 24, 2019 | Dec 31, 2019 | $0.008 |
| Sep 24, 2019 | Sep 30, 2019 | $0.12 |
| Jun 24, 2019 | Jun 28, 2019 | $0.05 |
| Mar 25, 2019 | Mar 29, 2019 | $0.31 |
| Dec 24, 2018 | Dec 31, 2018 | $0.08 |
GVIP Risk
- 18.0%
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.
- 1.08
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.
- −37.1%
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.
- 1.21
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GVIP Cost
- The middle half of Other Major Indexes funds
- Median 0.29%
27 of the 42 Other Major Indexes funds charge less.