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
$ 533.3 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
| META PLATFORMS INC | 2.6 % |
| ADVANCED MICRO DEVICES | 2.5 % |
| THERMO FISHER SCIENTIFIC INC | 2.4 % |
| INTEL CORP | 2.4 % |
| WARNER BROS. DISCOVERY, INC. SERIES A | 2.3 % |
| MICRON TECHNOLOGY INC | 2.3 % |
| APPLE INC | 2.3 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 2.2 % |
| SPACE EXPLORATION TECHNOLOGIES | 2.2 % |
| SANDISK CORP | 2.2 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 202 |
| Wgt avg mkt cap (mns) | $810,643 |
| Large cap (>$10bn) | 87.4% |
| Mid cap ($2-10bn) | 4.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 88.5% |
| Emerging mkts. | 6.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 79.3 % |
 |
NETHERLANDS | 3.9 % |
 |
TAIWAN | 2.2 % |
 |
ARGENTINA | 2.0 % |
 |
IRELAND | 2.0 % |
 |
SOUTH KOREA | 1.8 % |
 |
CAYMAN ISLANDS | 1.7 % |
 |
SINGAPORE | 1.7 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.8% | 11.0% | 19.3% | 25.8% | 11.5% | -- | -- | 16.0% |
| Dividend Yield | 0.0% | 0.4% | 0.4% | 0.6% | 0.3% | -- | -- | 0.4% |
| Total Returns | 9.8% | 11.4% | 19.6% | 26.4% | 11.8% | -- | -- | 16.4% | Ann. Volatility | 25.4% | 23.8% | 23.5% | 21.1% | 22.4% | -- | -- | 22.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.52 | 69% |
| MSCI EAFE | 1.06 | 50% |
| MSCI Emg Mkts | 0.80 | 73% |
Liquidity Measures
| Avg. volume (000) | 10 |
| ADV traded (mns) | $2 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.20% |
Technical Indicators
| 30d moving avg. (EMA) | $174.77 |
| Relative strength (RSI) | 53 |
| MACD/Signal | 0.03/-0.93 |
| Bollinger Bands (Upper/Lower) | $181.33/$164.27 |
| Short interest (% of AUM) | 1.2% |
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 |
|---|---|---|---|---|
| ALAI | Alger AI Enablers & Adopters ETF | 40.9% | +10 bp | +2.4% |
| QTEC | First Trust NASDAQ-100 Technology Sector Index Fund | 34.6% | +12 bp | +3.2% |
| VUSE | Vident U.S. Equity Strategy ETF | 34.6% | +5 bp | +4.6% |
| USMC | Principal U.S. Mega-Cap ETF | 34.5% | -33 bp | +4.2% |
| GFGF | Guru Favorite Stocks ETF Guru Favorite Stocks Fund | 34.0% | +20 bp | +5.0% |
| PWB | Invesco Large Cap Growth ETF | 33.8% | +11 bp | +3.5% |
| NYSX | Global X NYSE 100 ETF | 33.5% | -36 bp | +4.2% |
| OEI | Optimized Equity Income ETF | 33.4% | +30 bp | +3.7% |
| FFOG | Franklin Focused Growth ETF | 33.4% | +16 bp | +3.6% |
| VUSG | Vanguard Wellington U.S. Growth Active ETF | 33.3% | -10 bp | +3.4% |
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 10/24/2026
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
0.4%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 1,377 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.1%. GVIP's ALTAR Score™ is approximately -2.4 standard
deviations above the category average. This places GVIP in the 1st percentile
among funds in the category.
Sell-Side Consensus
$210.76
PRICE TARGET
+32.1%
UPSIDE