GINN vs VOO
Goldman Sachs Innovate Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GINN | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $202M | $979.0B | |
| Dividend Yield | 1.17% | 1.09% | |
| Holdings | 485 | 509 | |
| YTD Return | +11.63% | +13.44% | |
| 1Y Return | +22.21% | +22.62% | |
| 3Y Return (annualized) | +19.52% | +21.47% | |
| 5Y Return (annualized) | +6.53% | +13.27% | |
| Volatility (annualized) | 18.4% | 14.1% | |
| Max Drawdown | -41.3% | -34.3% | |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 9, 2020 | Sep 7, 2010 |
GINN vs VOO Performance
Goldman Sachs Innovate Equity ETF (GINN) is a ETF from Goldman Sachs Asset Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year GINN returned +22.21% while VOO returned +22.62%. Year to date, GINN is up 11.63% versus a gain of 13.44% for VOO.
Over three years, GINN compounded at +19.52% per year against +21.47% for VOO; over five years the annualized figures are +6.53% and +13.27% respectively. Across the full 6-year window we track, VOO has the edge at +13.55% annualized vs +9.52%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GINN has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -41.3% for GINN and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GINN charges 0.50% per year while VOO charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, GINN currently yields 1.17% against 1.09% for VOO.
Holdings Overlap
GINN and VOO share 133 holdings out of 840 unique holdings combined, representing a 35.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GINN or VOO?
GINN has an expense ratio of 0.50% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, GINN or VOO?
Over the past year GINN returned +22.21% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (6 years), GINN annualized +9.52% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, GINN or VOO?
GINN has been the more volatile fund at 18.4% annualized versus 14.1% for VOO. Worst drawdown: GINN -41.3% vs VOO -34.3%.
Should I hold both GINN and VOO?
GINN and VOO have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between GINN and VOO?
GINN and VOO share 133 common holdings with a 35.7% weight overlap. Combined, they hold 840 unique securities.
Which pays a higher dividend, GINN or VOO?
GINN yields 1.17% while VOO yields 1.09%, so GINN currently pays the higher dividend yield.
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