GF vs GINN

Comparison between New Germany Fund Inc (GF, ETF) and GOLDMAN SACHS INNOVATE EQUITY ETF (GINN, ETF).

5-Year PerformanceGINN has outperformed GF, delivering a return of +6.2% compared to -3.0%

GF vs GINN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GF(ETF)	GINN(ETF)
Net Assets	$207M	$206M
Expense Ratio	N/A	0.50%
Max Drawdown	82.34%	41.60%
Sharpe Ratio	0.03	1.05
5Y Beta	0.65	1.08
P/E Ratio	N/A	-394.44
Forward P/E	N/A	19.01
5Y Dividends CAGR	-37.02%	N/A
5Y EPS CAGR	N/A	19.86%
P/S Ratio	N/A	0.93
P/B Ratio	N/A	4.39

Net Assets

Winner

$207M

GINN

$206M

Expense Ratio

N/A

GINN

0.50%

Max Drawdown

82.34%

Winner

GINN

41.60%

Sharpe Ratio

0.03

Winner

GINN

1.05

5Y Beta

Winner

0.65

GINN

1.08

P/E Ratio

N/A

GINN

-394.44

Forward P/E

N/A

GINN

19.01

5Y Dividends CAGR

-37.02%

GINN

N/A

5Y EPS CAGR

N/A

GINN

19.86%

P/S Ratio

N/A

GINN

0.93

P/B Ratio

N/A

GINN

4.39

GF vs GINN - Historical Returns

Returns include dividend reinvestment.

Period	GF	GINN
1 month	+2.16%	+1.96%
3 months	+5.47%	+7.98%
6 months	+8.76%	+4.54%
1 year	+1.26%	+22.24%
5 years(CAGR)	-3.04%	+6.25%
10 years(CAGR)	+8.54%	N/A
Max(CAGR)	+7.88%	+8.90%

Winner

+2.16%

GINN

+1.96%

+5.47%

Winner

GINN

+7.98%

Winner

+8.76%

GINN

+4.54%

+1.26%

Winner

GINN

+22.24%

5Y(CAGR)

-3.04%

Winner

GINN

+6.25%

10Y(CAGR)

+8.54%

GINN

N/A

Max(CAGR)

+7.88%

Winner

GINN

+8.90%

GF vs GINN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	GF	GINN
2026	+4.74%	+5.07%
2025	+48.90%	+20.08%
2024	-9.49%	+20.55%
2023	+8.90%	+29.77%
2022	-43.55%	-32.92%
2021	+6.54%	+11.54%
2020	+37.06%	+9.84%
2019	+36.21%	N/A
2018	-21.95%	N/A
2017	+54.35%	N/A
2016	-0.00%	N/A
2015	+14.42%	N/A
2014	-4.53%	N/A
2013	+54.91%	N/A
2012	+26.96%	N/A
2011	-16.70%	N/A
2010	+28.66%	N/A
2009	+43.94%	N/A
2008	-52.43%	N/A
2007	+23.74%	N/A
2006	+42.95%	N/A
2005	+19.10%	N/A
2004	+29.10%	N/A
2003	+93.19%	N/A
2002	-40.54%	N/A
2001	-33.86%	N/A
2000	-12.69%	N/A
1999	+2.60%	N/A

GF vs GINN Drawdown Comparison

The maximum drawdown for GF was -79.37%, occurring on Oct 9, 2002. Recovery took 1508 trading sessions.

The maximum drawdown for GINN was -41.25%, occurring on Oct 14, 2022. Recovery took 756 trading sessions.

The current GF drawdown is -16.21%. The current GINN drawdown is -4.21%.

Rank	GF	GINN
#1	-79.37% Mar 16, 2000 - Mar 17, 2006	-41.25% Nov 8, 2021 - Nov 11, 2024
#2	-71.09% Jul 13, 2007 - Apr 6, 2011	-22.25% Feb 18, 2025 - Jun 26, 2025
#3	-53.72% Sep 13, 2021 - Oct 14, 2022	-13.18% Jan 12, 2026 - May 6, 2026
#4	-40.75% Jan 22, 2020 - Jun 5, 2020	-12.07% Feb 12, 2021 - Jun 28, 2021
#5	-34.95% May 2, 2011 - Jan 23, 2013	-8.54% Oct 27, 2025 - Jan 12, 2026
#6	-31.09% Jan 23, 2018 - Jan 2, 2020	-8.25% Sep 7, 2021 - Nov 3, 2021
#7	-24.93% May 10, 2006 - Jan 3, 2007	-5.65% Dec 6, 2024 - Jan 24, 2025
#8	-21.60% Jun 9, 2014 - Mar 2, 2015	-4.53% Jun 29, 2021 - Aug 25, 2021
#9	-18.84% May 22, 2015 - Jan 25, 2017	-4.21% Jun 1, 2026 - Jun 5, 2026
#10	-10.54% Feb 26, 2007 - Mar 26, 2007	-3.91% Jul 23, 2025 - Aug 13, 2025
#11	-9.90% Oct 12, 2020 - Nov 9, 2020	-3.91% Oct 6, 2025 - Oct 27, 2025
#12	-9.61% Nov 10, 1999 - Jan 10, 2000	-3.90% Jan 25, 2021 - Feb 3, 2021
#13	-8.80% Dec 27, 2013 - Jun 9, 2014	-3.69% Nov 11, 2024 - Nov 25, 2024
#14	-7.81% Jun 18, 2013 - Jul 29, 2013	-2.20% Nov 9, 2020 - Nov 16, 2020
#15	-7.69% Jun 8, 2020 - Jul 2, 2020	-2.17% May 14, 2026 - May 21, 2026

Correlation

Correlation between GF and GINN is 0.56 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.56

-101

Dividend Comparison (2000 - 2026)

GF vs GINN dividend yield comparison.

Year	GF	GINN
2026	1.30%	0.00%
2025	1.30%	1.26%
2024	0.92%	1.26%
2023	0.80%	1.01%
2022	9.74%	0.69%
2021	39.51%	0.67%
2020	12.92%	0.07%
2019	3.29%	0.00%
2018	31.23%	0.00%
2017	3.82%	0.00%
2016	9.05%	0.00%
2015	8.37%	0.00%
2014	30.90%	0.00%
2013	22.48%	0.00%
2012	4.07%	0.00%
2011	8.66%	0.00%
2010	0.75%	0.00%
2009	1.48%	0.00%
2008	2.33%	0.00%
2007	3.40%	0.00%
2006	1.42%	0.00%
2005	5.40%	0.00%
2004	3.09%	0.00%
2003	0.35%	0.00%
2000	19.49%	0.00%