GVIP
Goldman Sachs Hedge Industry VIP ETF
The Goldman Sachs Hedge Industry VIP ETF tracks an equal-weighted index of the 50 most-frequently held US companies selected from the portfolios of hedge funds.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 573.2 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Inception date | Nov 01, 2016 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| SANDISK CORP ORDINARY SHARES | 3.7 % |
| ADVANCED MICRO DEVICES | 3.5 % |
| LUMENTUM HOLDINGS INC | 3.1 % |
| MICRON TECHNOLOGY INC | 2.7 % |
| VERTIV HOLDINGS CO. CLASS A | 2.7 % |
| AMAZON.COM INC | 2.6 % |
| GE VERONA | 2.6 % |
| ALPHABET INC. CLASS A | 2.5 % |
| BROADCOM INC. | 2.5 % |
| APPLOVIN CORP. CLASS A | 2.4 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 225 |
| Wgt avg mkt cap (mns) | $601,931 |
| Large cap (>$10bn) | 88.0% |
| Mid cap ($2-10bn) | 2.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 85.3% |
| Emerging mkts. | 8.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 80.1 % |
 |
SOUTH KOREA | 2.3 % |
 |
TAIWAN | 2.2 % |
 |
NETHERLANDS | 2.0 % |
 |
ARGENTINA | 1.9 % |
 |
CAYMAN ISLANDS | 1.7 % |
 |
CHINA | 1.7 % |
 |
SINGAPORE | 1.6 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 15.8% | 37.9% | 27.9% | 30.8% | 12.7% | -- | -- | 17.2% |
| Dividend Yield | 0.0% | 0.5% | 0.4% | 0.6% | 0.3% | -- | -- | 0.4% |
| Total Returns | 15.8% | 38.3% | 28.3% | 31.4% | 13.0% | -- | -- | 17.6% | Ann. Volatility | 21.9% | 18.2% | 21.6% | 19.2% | 21.3% | -- | -- | 21.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.35 | 77% |
| MSCI EAFE | 0.84 | 48% |
| MSCI Emg Mkts | 0.72 | 61% |
Liquidity Measures
| Avg. volume (000) | 14 |
| ADV traded (mns) | $3 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.19% |
Technical Indicators
| 30d moving avg. (EMA) | $170.79 |
| Relative strength (RSI) | 64 |
| MACD/Signal | 3.78/3.68 |
| Bollinger Bands (Upper/Lower) | $180.77/$167.39 |
| Short interest (% of AUM) | 0.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GVIP |
Expenses vs. GVIP |
ALTAR Score™ vs. GVIP |
|---|---|---|---|---|
| NYSX | Global X NYSE 100 ETF | 37.8% | -36 bp | -2.4% |
| XNTK | State Street SPDR NYSE Technology ETF | 37.5% | -10 bp | +0.3% |
| QGRW | WisdomTree U.S. Quality Growth Fund | 34.4% | -17 bp | +1.2% |
| IVW | iShares S&P 500 Growth ETF | 34.3% | -27 bp | +1.2% |
| SPYG | State Street SPDR Portfolio S&P 500 Growth ETF | 34.3% | -41 bp | +1.4% |
| VOOG | Vanguard S&P 500 Growth ETF | 34.2% | -38 bp | +1.3% |
| OEI | Optimized Equity Income ETF | 34.0% | +30 bp | +1.8% |
| IUSG | iShares Core S&P U.S. Growth ETF | 33.8% | -41 bp | +1.4% |
| CGGR | Capital Group Growth ETF | 33.1% | -6 bp | +1.1% |
| OEF | iShares S&P 100 ETF | 32.9% | -25 bp | +1.9% |
Risk and Returns: GVIP vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
2.4%
ALTAR SCORE™
9th
PERCENTILE
AVOID
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. GVIP's ALTAR Score™ is approximately -1.4 standard
deviations above the category average. This places GVIP in the 9th percentile
among funds in the category.
Sell-Side Consensus
$209.14
PRICE TARGET
+15.8%
UPSIDE