GVIP vs VTI
Goldman Sachs Hedge Industry VIP ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. GVIP delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | GVIP | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.03% | |
| AUM | $584M | $666.9B | |
| Dividend Yield | 0.31% | 1.07% | |
| Holdings | 53 | 3,543 | |
| YTD Return | +10.60% | +13.14% | |
| 1Y Return | +24.12% | +22.35% | |
| 3Y Return (annualized) | +26.86% | +21.83% | |
| 5Y Return (annualized) | +11.45% | +12.01% | |
| Volatility (annualized) | 19.1% | 15.3% | |
| Max Drawdown | -37.1% | -56.6% | |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 1, 2016 | May 24, 2001 |
GVIP vs VTI Performance
Goldman Sachs Hedge Industry VIP ETF (GVIP) is a ETF from Goldman Sachs Asset Management and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year GVIP returned +24.12% while VTI returned +22.35%. Year to date, GVIP is up 10.60% versus a gain of 13.14% for VTI.
Over three years, GVIP compounded at +26.86% per year against +21.83% for VTI; over five years the annualized figures are +11.45% and +12.01% respectively. Across the full 10-year window we track, GVIP has the edge at +16.76% annualized vs +8.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GVIP has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 15.3% for VTI. 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 -37.1% for GVIP and -56.6% for VTI. 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
GVIP charges 0.45% per year while VTI charges 0.03%. On a $10,000 position that is $45 vs $3 annually, a gap of $42 per year that compounds over a long holding period. On income, GVIP currently yields 0.31% against 1.07% for VTI.
Holdings Overlap
GVIP and VTI share 44 holdings out of 2795 unique holdings combined, representing a 29.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GVIP or VTI?
GVIP has an expense ratio of 0.45% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, GVIP or VTI?
Over the past year GVIP returned +24.12% vs +22.35% for VTI, so GVIP leads on 1-year performance. Over the longest common window we track (10 years), GVIP annualized +16.76% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, GVIP or VTI?
GVIP has been the more volatile fund at 19.1% annualized versus 15.3% for VTI. Worst drawdown: GVIP -37.1% vs VTI -56.6%.
Should I hold both GVIP and VTI?
GVIP and VTI 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 GVIP and VTI?
GVIP and VTI share 44 common holdings with a 29.0% weight overlap. Combined, they hold 2795 unique securities.
Which pays a higher dividend, GVIP or VTI?
GVIP yields 0.31% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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