GINN vs GF

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

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

GINN vs GF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

GINN

$206M

Winner

$207M

Expense Ratio

GINN

0.50%

N/A

Max Drawdown

Winner

GINN

41.60%

82.34%

Sharpe Ratio

Winner

GINN

1.05

0.03

5Y Beta

GINN

1.08

Winner

0.65

P/E Ratio

GINN

-394.44

N/A

Forward P/E

GINN

19.01

N/A

5Y Dividends CAGR

GINN

N/A

-37.02%

5Y EPS CAGR

GINN

19.86%

N/A

P/S Ratio

GINN

0.93

N/A

P/B Ratio

GINN

4.39

N/A

GINN vs GF - Historical Returns

Returns include dividend reinvestment.

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

GINN

+1.96%

Winner

+2.16%

Winner

GINN

+7.98%

+5.47%

GINN

+4.54%

Winner

+8.76%

Winner

GINN

+22.24%

+1.26%

5Y(CAGR)

Winner

GINN

+6.25%

-3.04%

10Y(CAGR)

GINN

N/A

+8.54%

Max(CAGR)

Winner

GINN

+8.90%

+7.88%

GINN vs GF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

GINN vs GF Drawdown Comparison

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

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

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

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

Correlation

Correlation between GINN and GF 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)

GINN vs GF dividend yield comparison.

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