GVIP vs HYEM

Comparison between GOLDMAN SACHS HEDGE INDUSTRY VIP ETF (GVIP, ETF) and VANECK EMERGING MARKETS HIGH YIELD BOND ETF (HYEM, ETF).

5-Year PerformanceGVIP has outperformed HYEM, delivering a return of +12.0% compared to +3.0%

GVIP vs HYEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GVIP(ETF)	HYEM(ETF)
Net Assets	$505M	$504M
Expense Ratio	0.45%	0.40%
Max Drawdown	37.10%	40.87%
Sharpe Ratio	1.35	1.37
5Y Beta	1.19	0.23
P/E Ratio	53.18	N/A
Forward P/E	22.21	N/A
5Y Dividends CAGR	48.90%	0.87%
5Y EPS CAGR	21.97%	N/A
P/S Ratio	3.80	N/A
P/B Ratio	6.28	N/A

Net Assets

Winner

GVIP

$505M

HYEM

$504M

Expense Ratio

GVIP

0.45%

Winner

HYEM

0.40%

Max Drawdown

Winner

GVIP

37.10%

HYEM

40.87%

Sharpe Ratio

GVIP

1.35

Winner

HYEM

1.37

5Y Beta

GVIP

1.19

Winner

HYEM

0.23

P/E Ratio

GVIP

53.18

HYEM

N/A

Forward P/E

GVIP

22.21

HYEM

N/A

5Y Dividends CAGR

Winner

GVIP

48.90%

HYEM

0.87%

5Y EPS CAGR

GVIP

21.97%

HYEM

N/A

P/S Ratio

GVIP

3.80

HYEM

N/A

P/B Ratio

GVIP

6.28

HYEM

N/A

GVIP vs HYEM - Historical Returns

Returns include dividend reinvestment.

Period	GVIP	HYEM
1 month	+0.93%	+0.76%
3 months	+13.28%	+1.79%
6 months	+12.21%	+4.19%
1 year	+31.19%	+9.57%
5 years(CAGR)	+12.00%	+2.98%
10 years(CAGR)	+17.17%	+4.62%
Max(CAGR)	+17.17%	+4.72%

Winner

GVIP

+0.93%

HYEM

+0.76%

Winner

GVIP

+13.28%

HYEM

+1.79%

Winner

GVIP

+12.21%

HYEM

+4.19%

Winner

GVIP

+31.19%

HYEM

+9.57%

5Y(CAGR)

Winner

GVIP

+12.00%

HYEM

+2.98%

10Y(CAGR)

Winner

GVIP

+17.17%

HYEM

+4.62%

Max(CAGR)

Winner

GVIP

+17.17%

HYEM

+4.72%

GVIP vs HYEM - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	GVIP	HYEM
2026	+10.71%	+3.50%
2025	+24.18%	+9.01%
2024	+31.42%	+12.45%
2023	+40.11%	+7.86%
2022	-32.35%	-12.90%
2021	+13.57%	-0.98%
2020	+42.47%	+6.12%
2019	+29.65%	+13.10%
2018	-8.03%	-3.50%
2017	+24.67%	+8.03%
2016	+7.97%	+15.76%
2015	N/A	+3.55%
2014	N/A	-2.46%
2013	N/A	-1.69%
2012	N/A	+12.10%

GVIP vs HYEM Drawdown Comparison

The maximum drawdown for GVIP was -37.09%, occurring on Oct 14, 2022. Recovery took 573 trading sessions.

The maximum drawdown for HYEM was -30.96%, occurring on Mar 19, 2020. Recovery took 192 trading sessions.

The current GVIP drawdown is -4.51%. The current HYEM drawdown is -0.35%.

Rank	GVIP	HYEM
#1	-37.09% Nov 16, 2021 - Feb 29, 2024	-30.96% Feb 12, 2020 - Nov 13, 2020
#2	-36.63% Feb 19, 2020 - Jul 20, 2020	-26.31% Jun 24, 2021 - Sep 17, 2024
#3	-23.29% Feb 14, 2025 - Jun 26, 2025	-14.00% Jul 11, 2014 - May 13, 2016
#4	-21.47% Sep 20, 2018 - Apr 10, 2019	-9.87% May 9, 2013 - Apr 1, 2014
#5	-13.67% Feb 2, 2026 - Apr 14, 2026	-7.30% Feb 1, 2018 - Feb 5, 2019
#6	-10.25% Jul 16, 2024 - Aug 19, 2024	-5.22% Feb 28, 2025 - May 16, 2025
#7	-9.91% Apr 30, 2019 - Jul 26, 2019	-4.81% Sep 30, 2016 - Jan 5, 2017
#8	-9.66% Jan 26, 2018 - Mar 12, 2018	-4.52% Aug 1, 2019 - Nov 25, 2019
#9	-9.55% Jul 26, 2019 - Nov 18, 2019	-3.51% May 14, 2012 - Jun 25, 2012
#10	-9.08% Mar 12, 2018 - Jun 18, 2018	-2.73% Feb 25, 2026 - Apr 16, 2026
#11	-8.76% Sep 2, 2020 - Oct 13, 2020	-2.50% Jun 25, 2012 - Jul 13, 2012
#12	-7.59% Oct 13, 2020 - Nov 5, 2020	-2.02% Feb 19, 2021 - May 6, 2021
#13	-7.24% Oct 29, 2025 - Dec 10, 2025	-1.78% Sep 11, 2012 - Oct 16, 2012
#14	-7.10% Feb 16, 2021 - Apr 9, 2021	-1.77% Jan 23, 2013 - Apr 4, 2013
#15	-7.04% Apr 29, 2021 - Jun 23, 2021	-1.60% Jan 17, 2020 - Feb 12, 2020

Correlation

Correlation between GVIP and HYEM is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2012 - 2026)

GVIP vs HYEM dividend yield comparison.

Year	GVIP	HYEM
2026	0.00%	2.69%
2025	0.34%	6.67%
2024	0.29%	6.34%
2023	0.77%	6.27%
2022	0.02%	6.47%
2021	0.00%	5.33%
2020	0.12%	5.56%
2019	0.77%	6.14%
2018	0.44%	5.71%
2017	0.45%	5.86%
2016	0.08%	6.25%
2015	0.00%	7.64%
2014	0.00%	6.77%
2013	0.00%	6.14%
2012	0.00%	3.91%