GVIP vs VYM
Goldman Sachs Hedge Industry VIP ETF vs Vanguard High Dividend Yield ETF
Which is better, GVIP or VYM?
Large Cap Growth against Large Cap Value.
VYM has a lower expense ratio. GVIP led over 3Y and the full window, VYM over 1Y and 5Y. GVIP is less concentrated, with 21.8% of the fund in its ten largest positions against 26.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GVIP | VYM |
|---|---|---|
| Expense Ratio | 0.45% | 0.04%Best |
| AUM | $567M | $81.6B |
| Dividend Yield | 0.30% | 2.22% |
| Holdings | 53 | 613 |
| YTD Return | +8.49% | +11.35%Best |
| 1Y Return | +11.40% | +15.34%Best |
| 3Y Return (annualized) | +25.07%Best | +17.22% |
| 5Y Return (annualized) | +11.39% | +12.30%Best |
| Volatility (annualized) | 19.0% | 14.4%Best |
| Max Drawdown | -37.1% | -35.7%Best |
| $10,000 over 5 years | $17,149 | $17,861Best |
| Top 10 Weight | 21.8%Best | 26.1% |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Nov 1, 2016 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 3, 2016 to Sep 18, 2026 (9.9 years).
GVIP vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.9 years both funds cover.
GVIP vs VYM Performance
Goldman Sachs Hedge Industry VIP ETF (GVIP) is an ETF from Goldman Sachs Asset Management and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year GVIP returned +11.40% while VYM returned +15.34%. Year to date, GVIP is up 8.49% versus a gain of 11.35% for VYM.
Over three years, GVIP compounded at +25.07% per year against +17.22% for VYM; over five years the annualized figures are +11.39% and +12.30% respectively. Across the full 10-year window we track, GVIP has the edge at +16.39% annualized vs +10.43%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GVIP has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 14.4% for VYM. 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 -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GVIP charges 0.45% per year while VYM charges 0.04%. On a $10,000 position that is $45 vs $4 annually, a gap of $41 per year that compounds over a long holding period. On income, GVIP currently yields 0.30% against 2.22% for VYM.
Holdings Overlap
8.2% of GVIP's money is in holdings VYM also owns. 12.0% of VYM's money is in holdings GVIP also owns.
VYM and GVIP share little of their money.
4 positions in common, counted across the 51 positions we hold weights for in GVIP and 557 in VYM, against full books of 53 and 613.
What only one of them owns
Our book lists 524 positions for VYM that do not appear in our book for GVIP (85.1% of the fund), and 42 for GVIP that do not appear in VYM (82.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of GVIP and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GVIP or VYM?
GVIP has an expense ratio of 0.45% while VYM charges 0.04%. VYM is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, GVIP or VYM?
Over the past year GVIP returned +11.40% vs +15.34% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (10 years), GVIP annualized +16.39% vs +10.43% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GVIP or VYM?
GVIP has been the more volatile fund at 19.0% annualized versus 14.4% for VYM. Worst drawdown: GVIP -37.1% vs VYM -35.7%.
Should I hold both GVIP and VYM?
GVIP and VYM have a monthly-return correlation of 0.74, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GVIP and VYM?
12.0% of VYM's money is in holdings GVIP also owns. 12.0% of VYM's is in holdings GVIP also owns. They hold 4 positions in common, counted across the 51 positions we hold weights for in GVIP and 557 in VYM.
Which pays a higher dividend, GVIP or VYM?
GVIP yields 0.30% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than GVIP?
VYM has a lower expense ratio. GVIP led over 3Y and the full window, VYM over 1Y and 5Y. GVIP is less concentrated, with 21.8% of the fund in its ten largest positions against 26.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.