GVIP vs SCHK: Grades, Fees and Holdings Compared

Goldman Sachs Hedge Industry VIP ETF

GVIPDNYSE Arca

Schwab 1000 Index ETF

SCHKANYSE Arca

Overlap

27.7%by weight

Expense ratio

SCHK −0.42pt a year

GVIP0.45%SCHK0.03%

Avg volume · 30D

SCHK 138.0×the volume

GVIP10KSCHK1.38M

5Y return · a year

SCHK +1.5pt

GVIP+9.3%SCHK+10.8%

GVIP vs SCHK Performance

Nov 9, 2021 – Nov 9, 2026

+55.8%GVIP+66.8%SCHK

Expense ratio: GVIP 0.45%; SCHK 0.03%, better
Fund size: GVIP $524M; SCHK $5.53B
1Y total return: GVIP +6.5%; SCHK +13.3%, better
Yield (12M): GVIP 0.32%; SCHK 1.06%, better
Holdings: GVIP 50; SCHK 998
Avg volume (30D): GVIP 10K sh; SCHK 1.38M sh, better
NAV per share: GVIP $155.33; SCHK $35.34
52W range

ETF.net Grade

Pillar letters and Scores for GVIP, SCHK, with each pillar’s weight
Pillar	GVIP	SCHK
Cost30% weight	D33	A98Higher
Mission25% weight	D30	A100Higher
Risk15% weight	F16	B65Higher
Tradability15% weight	C45	A90Higher
Holdings10% weight	B58	B58
Durability5% weight	B61	B68Higher

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. GVIP and SCHK are both graded against the same 41 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 41 funds

See all 41 ›

SCHK ranks 2nd and GVIP 35th of 41 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 3APBUSInvesco MSCI USA ETFScore 83
Rank 35DFCFYFirst Trust S&P 500 Diversified Free Cash Flow ETFScore 35
Rank 35DGVIPGoldman Sachs Hedge Industry VIP ETFScore 35
Rank 37DGURUGlobal X Guru Index ETFScore 28

Our read on each fund

ETF.net Research

GVIPDGoldman Sachs Hedge Industry VIP ETF

SCHKASchwab 1000 Index ETF

In short

GVIP Smart-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.

SCHK Schwab's house-built alternative to the S&P 500: the 1,000 largest US companies in one passive wrapper, reaching past the mega-caps into mid-cap turf, priced at three basis points.

Stated mandate

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

SCHK The fund seeks to track the total return of the Schwab 1000 Index before fees and expenses.

Why people hold it

GVIP 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

SCHK 0.03% a year, the lowest fee among the top-scoring funds in its index-wrapper group and a small fraction of what the typical fund there charges.
About 1,000 stocks covering roughly 90% or more of US stock market value: the S&P 500 names plus a layer of mid caps most large-blend funds skip.schwabassetmanagement.com
Tracks its stated index tightly and stands among the strongest implementations in its peer group of plain index wrappers.
A multi-billion-dollar fund that trades actively and pays distributions quarterly.

Worth knowing

GVIP 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.

SCHK Weighted by market value, so the biggest US companies drive the bulk of results. Those extra 500 names carry less weight than the headcount suggests.schwabassetmanagement.com
All-US, all-equity by mandate: no bonds, no foreign stocks, and it rides the full swings of the US market.
The benchmark is Schwab's own proprietary index, so there is no rival fund on the identical yardstick for a side-by-side comparison.

Full GVIP profile⁠

Full SCHK profile⁠

GVIP vs SCHK Holdings

How GVIP and SCHK differ

Overlap by weight

27.7%

Shared holdings make up 87.9% of GVIP and 42.3% of SCHK.

Level by level

Holdings42 in both27.7%
Sector11 Sectors83.3%
Countryby domicile89.2%
Asset classStocks100%

Sector

Sector weights in GVIP and SCHK, widest gap first
Sector	Gap	GVIP	SCHK
Industrials	GVIP +5.6 points	14.1%	8.5%
Consumer Staples	SCHK +4.9 points	0.0%	4.9%
Technology	SCHK +4.3 points	31.2%	35.5%
Energy	SCHK +3.7 points	0.0%	3.7%
Financials	GVIP +3.6 points	16.2%	12.6%
Communication	GVIP +3.3 points	11.7%	8.4%
Utilities	GVIP +2.2 points	4.3%	2.1%
Consumer Discretionary	GVIP +2.0 points	11.6%	9.6%
Materials	SCHK +1.9 points	0.0%	1.9%
Health Care	SCHK +1.6 points	9.3%	10.8%
Real Estate	SCHK +0.6 points	1.6%	2.2%

Country, concentration and asset class

Country by domicile

Country weights in GVIP and SCHK, widest gap first
Country	Gap	GVIP	SCHK
United States	SCHK +10.2 points	89.2%	99.4%
Brazil	GVIP +3.9 points	3.9%	0.0%
Taiwan	GVIP +2.0 points	2.0%	0.0%
Netherlands	GVIP +1.8 points	1.8%	0.0%
France	GVIP +1.7 points	1.7%	0.0%
Singapore	GVIP +1.5 points	1.5%	0.0%
Other countries (7)	SCHK +0.6 points	0.0%	0.6%

Concentration

Weight in the 10 largest Holdings

GVIP26.7%
SCHK34.7%

Securities held

GVIP50
SCHK997

Asset class

GVIP: Stocks
SCHK: Stocks

Holdings

Only in GVIP8
In both42
Only in SCHK955

Only in GVIP

8 securities, 12.1% of GVIP by weight

Taiwan Semiconductor Mfg Ads-Adr2.07%
Mercadolibre, Inc.1.92%
Nu Holdings Ltd.1.86%
Asml Holding N.v.-Adr1.82%
Abivax Sa-Adr1.69%
Sea Limited-Adr1.46%
Nebius Group NV1.10%
Contra Cyberark Software Ltd.0.16%

Only in SCHK

955 securities, 57.7% of SCHK by weight

Alphabet Class C1.96%
Tesla Inc1.47%
Exxonmobil Holdings Corp0.99%
Johnson & Johnson0.97%
Walmart0.81%
AbbVie0.75%
Costco Wholesale Corp0.68%
Chevron0.61%
Procter & Gamble0.56%
Coca-Cola0.54%
Cisco Systems Inc0.54%
Palantir Technologies Class A0.54%
Merck & Co Inc0.53%
UnitedHealth Group0.51%
Home Depot0.50%
Ge Aerospace0.49%
Bank of America0.47%
Philip Morris International0.45%
Netflix0.38%
Caterpillar Inc0.37%
Palo Alto Networks0.37%
Rtx0.37%
Wells Fargo0.37%
Texas Instrument0.37%
Goldman Sachs Group0.37%
Amgen Inc0.36%
Linde PLC0.35%
International Business Machines Co0.34%
Oracle0.33%
Crowdstrike Holdings Class A0.32%
Morgan Stanley0.31%
Gilead Sciences0.30%
Walt Disney0.29%
Citigroup0.29%
Mcdonalds Corp0.28%
Pepsico0.28%
Abbott Laboratories0.28%
Verizon Communications Inc0.28%
Amphenol Corp Class A0.27%
Nextera Energy0.26%
Kla0.26%
Arista Networks0.26%
Analog Devices0.26%
Qualcomm0.26%
Welltower0.26%
Salesforce0.25%
Union Pacific0.25%
BlackRock0.25%
American Express0.25%
Deere0.24%

Weight gaps

All 42 Holdings in both funds, largest gap first.

Holding weights in GVIP and SCHK, widest gap first
Holding	Gap	GVIP	SCHK
Apple Inc.AAPL	SCHK +4.62 points	2.63%	7.25%
NVIDIA CorporationNVDA	SCHK +4.61 points	1.95%	6.56%
Microsoft CorporationMSFT	SCHK +3.20 points	2.52%	5.72%
Applovin CorporationAPP	GVIP +2.76 points	2.91%	0.15%
S&P Global Inc.SPGI	GVIP +2.42 points	2.63%	0.21%
Thermo Fisher Scientific IncTMO	GVIP +2.41 points	2.78%	0.37%
Echostar CorporationECHO	GVIP +2.40 points	2.42%	0.02%
Liberty Media CorpFWONK	GVIP +2.37 points	2.41%	0.04%
Coupang, LlcCPNG	GVIP +2.35 points	2.38%	0.03%
Carvana Co.CVNA	GVIP +2.21 points	2.29%	0.08%
Talen Energy CorporationTLN	GVIP +2.17 points	2.19%	0.02%
Revolution Medicines IncRVMD	GVIP +2.16 points	2.22%	0.06%
Norfolk Southern CorporationNSC	GVIP +2.15 points	2.25%	0.10%
Transdigm Group IncorporatedTDG	GVIP +2.14 points	2.24%	0.10%
Space Exploration Technologies Corp.SPCX	GVIP +1.98 points	2.25%	0.27%
Mastercard IncorporatedMA	GVIP +1.92 points	2.69%	0.77%
Ftai Aviation LtdFTAI	GVIP +1.92 points	1.95%	0.03%
Vistra CorpVST	GVIP +1.92 points	1.98%	0.06%
Uber Technologies, Inc.UBER	GVIP +1.92 points	2.12%	0.20%
Capital One Financial CorpCOF	GVIP +1.91 points	2.09%	0.18%
Doordash IncDASH	GVIP +1.85 points	1.95%	0.10%
Snowflake Inc.SNOW	GVIP +1.83 points	1.97%	0.14%
Compass, Inc.COMP	GVIP +1.83 points	1.84%	0.01%
Visa Inc.V	GVIP +1.68 points	2.73%	1.05%
Boeing CompanyBA	GVIP +1.56 points	1.76%	0.20%
Ge Vernova LlcGEV	GVIP +1.41 points	1.71%	0.30%
Amazon.com IncAMZN	SCHK +1.38 points	2.32%	3.70%
Core Scientific, Inc.CORZ	GVIP +1.36 points	1.37%	<0.01%
Vertiv Holdings LlcVRT	GVIP +1.36 points	1.46%	0.10%
Applied Materials IncAMAT	GVIP +1.16 points	1.54%	0.38%
Eli Lilly & CoLLY	GVIP +1.13 points	2.70%	1.57%
Berkshire Hathaway Inc.BRK.B	GVIP +1.11 points	2.66%	1.55%
Lam Research CorporationLRCX	GVIP +1.06 points	1.42%	0.36%
Sandisk CorporationSNDK	GVIP +1.02 points	1.20%	0.18%
Advanced Micro Devices Inc.AMD	GVIP +0.98 points	2.05%	1.07%
Seagate Technology Holdin PLCSTX	GVIP +0.96 points	1.11%	0.15%
Intel CorporationINTC	GVIP +0.88 points	1.29%	0.41%
JPMorgan Chase & CoJPM	GVIP +0.88 points	2.17%	1.29%
Micron Technology, Inc.MU	GVIP +0.54 points	1.67%	1.13%
Alphabet Inc.GOOGL	SCHK +0.48 points	1.94%	2.42%
Meta Platforms Inc-Class AMETA	GVIP +0.47 points	2.43%	1.96%
Broadcom Inc.AVGO	SCHK +0.27 points	1.76%	2.03%

All 50 GVIP holdings⁠All 1,000 SCHK holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GVIP vs SCHK Cost

Overpaying GVIP vs SCHK

$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%
$638

Amount$10,000

Years30 years

Cost over time

GVIP 0.45%
SCHK 0.03%
Overpaying

Year by year

Year	GVIP	SCHK	Overpaying
10	$812	$55	$757
20	$3,128	$216	$2,912
30	$9,041	$638	$8,403

Expense ratio

0.45%GVIP
0.03%SCHK, cheaper

SCHK0.03%GVIP0.45%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SCHK cheapest of 41 funds

GVIP 27th cheapest of 41 funds

GVIP vs SCHK Dividends

Last 12 months to Nov 9, 2026

Yield (12M): GVIP 0.32%; SCHK 1.06%, better
Payout (12M): GVIP $0.52; SCHK $0.38
Last payment: GVIP $0.52; SCHK $0.10
Ex-dividend: GVIP Dec 23, 2025; SCHK Sep 23, 2026
Paid on: GVIP Dec 30, 2025; SCHK Sep 28, 2026
Frequency: GVIP Annual; SCHK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

GVIPAnnual · 18 paymentsAll GVIP payments⁠

SCHKQuarterly · 39 paymentsAll SCHK payments⁠

GVIP vs SCHK Risk

Fall from peak · 5 years

GVIP
SCHK

Risk facts

VolatilityStd dev, 3 years: GVIP 18.2%SCHK 12.6%, better
Return per unit of riskSharpe ratio, 3 years: GVIP 1.06SCHK 1.39, better
Worst fallMax drawdown, 5 years: GVIP −37.1%SCHK −25.4%, better
Market sensitivityBeta, 5 years: GVIP 1.20SCHK 1.02; Market = 1

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