GVIP vs IFN

Comparison between GOLDMAN SACHS HEDGE INDUSTRY VIP ETF (GVIP, ETF) and India Fund Inc (IFN, ETF).

5-Year PerformanceGVIP has outperformed IFN, delivering a return of +11.0% compared to +1.2%

GVIP vs IFN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GVIP(ETF)	IFN(ETF)
Net Assets	$552M	$551M
Expense Ratio	0.45%	N/A
Max Drawdown	37.10%	84.81%
Sharpe Ratio	0.85	-1.02
5Y Beta	1.24	0.49
P/E Ratio	79.78	N/A
Forward P/E	25.95	N/A
PEG Ratio	1.14	N/A
5Y Dividends CAGR	48.90%	-0.04%
5Y EPS CAGR	22.95%	N/A
P/S Ratio	4.16	N/A
P/B Ratio	6.86	N/A

Net Assets

Winner

GVIP

$552M

IFN

$551M

Expense Ratio

GVIP

0.45%

IFN

N/A

Max Drawdown

Winner

GVIP

37.10%

IFN

84.81%

Sharpe Ratio

Winner

GVIP

0.85

IFN

-1.02

5Y Beta

GVIP

1.24

Winner

IFN

0.49

P/E Ratio

GVIP

79.78

IFN

N/A

Forward P/E

GVIP

25.95

IFN

N/A

PEG Ratio

GVIP

1.14

IFN

N/A

5Y Dividends CAGR

Winner

GVIP

48.90%

IFN

-0.04%

5Y EPS CAGR

GVIP

22.95%

IFN

N/A

P/S Ratio

GVIP

4.16

IFN

N/A

P/B Ratio

GVIP

6.86

IFN

N/A

GVIP vs IFN - Historical Returns

Returns include dividend reinvestment.

Period	GVIP	IFN
1 month	+0.43%	+3.15%
3 months	-1.56%	+4.61%
6 months	+9.04%	-8.94%
1 year	+21.38%	-12.34%
5 years(CAGR)	+11.05%	+1.22%
10 years(CAGR)	+16.66%	+6.48%
Max(CAGR)	+16.66%	+10.08%

GVIP

+0.43%

Winner

IFN

+3.15%

GVIP

-1.56%

Winner

IFN

+4.61%

Winner

GVIP

+9.04%

IFN

-8.94%

Winner

GVIP

+21.38%

IFN

-12.34%

5Y(CAGR)

Winner

GVIP

+11.05%

IFN

+1.22%

10Y(CAGR)

Winner

GVIP

+16.66%

IFN

+6.48%

Max(CAGR)

Winner

GVIP

+16.66%

IFN

+10.08%

GVIP vs IFN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	GVIP	IFN
2026	+9.81%	-10.28%
2025	+24.18%	-1.32%
2024	+31.42%	-2.20%
2023	+40.11%	+32.46%
2022	-32.35%	-17.34%
2021	+13.57%	+22.42%
2020	+42.47%	+11.04%
2019	+29.65%	+11.21%
2018	-8.03%	-5.34%
2017	+24.67%	+39.00%
2016	+7.97%	+3.59%
2015	N/A	-6.72%
2014	N/A	+41.45%
2013	N/A	-2.50%
2012	N/A	+18.26%
2011	N/A	-43.26%
2010	N/A	+25.52%
2009	N/A	+59.56%
2008	N/A	-60.29%
2007	N/A	+60.19%
2006	N/A	+23.68%
2005	N/A	+45.06%
2004	N/A	+19.71%
2003	N/A	+136.57%
2002	N/A	+10.29%
2001	N/A	-21.06%
2000	N/A	-32.29%
1999	N/A	+40.99%

GVIP vs IFN Drawdown Comparison

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

The maximum drawdown for IFN was -71.83%, occurring on Mar 9, 2009. Recovery took 2351 trading sessions.

The current GVIP drawdown is -10.54%. The current IFN drawdown is -23.12%.

Rank	GVIP	IFN
#1	-37.09% Nov 16, 2021 - Feb 29, 2024	-71.83% Jan 14, 2008 - May 16, 2017
#2	-36.63% Feb 19, 2020 - Jul 20, 2020	-65.52% Mar 6, 2000 - Dec 12, 2003
#3	-23.29% Feb 14, 2025 - Jun 26, 2025	-41.96% May 10, 2006 - Oct 15, 2007
#4	-21.47% Sep 20, 2018 - Apr 10, 2019	-41.41% Jan 17, 2020 - Dec 1, 2020
#5	-16.36% Jun 22, 2026 - Jul 29, 2026	-32.89% Apr 5, 2004 - Dec 13, 2004
#6	-13.67% Feb 2, 2026 - Apr 14, 2026	-31.53% Mar 8, 2024 - Mar 30, 2026
#7	-10.25% Jul 16, 2024 - Aug 19, 2024	-24.71% Jan 13, 2022 - Sep 11, 2023
#8	-9.91% Apr 30, 2019 - Jul 26, 2019	-23.21% Jan 23, 2018 - Jan 13, 2020
#9	-9.66% Jan 26, 2018 - Mar 12, 2018	-19.93% Jan 3, 2005 - Jun 29, 2005
#10	-9.55% Jul 26, 2019 - Nov 18, 2019	-18.00% Sep 20, 2005 - Dec 22, 2005
#11	-9.08% Mar 12, 2018 - Jun 18, 2018	-17.60% Jan 14, 2004 - Apr 5, 2004
#12	-8.76% Sep 2, 2020 - Oct 13, 2020	-17.14% Oct 31, 2007 - Dec 6, 2007
#13	-7.59% Oct 13, 2020 - Nov 5, 2020	-12.67% Oct 15, 2007 - Oct 29, 2007
#14	-7.24% Oct 29, 2025 - Dec 10, 2025	-10.93% Sep 25, 2023 - Nov 17, 2023
#15	-7.10% Feb 16, 2021 - Apr 9, 2021	-10.70% Mar 3, 2006 - Apr 10, 2006

Correlation

Correlation between GVIP and IFN is 0.81 which considered as a strong positive correlation - the stocks tend to move together.

0.81

-101

Dividend Comparison (2001 - 2026)

GVIP vs IFN dividend yield comparison.

Year	GVIP	IFN
2026	0.00%	10.60%
2025	0.34%	16.09%
2024	0.29%	14.60%
2023	0.77%	8.97%
2022	0.02%	21.47%
2021	0.00%	15.21%
2020	0.12%	9.77%
2019	0.77%	11.57%
2018	0.44%	22.25%
2017	0.45%	12.11%
2016	0.08%	7.97%
2015	0.00%	8.02%
2014	0.00%	7.22%
2013	0.00%	4.76%
2012	0.00%	11.34%
2011	0.00%	6.09%
2010	0.00%	11.02%
2008	0.00%	38.91%
2007	0.00%	15.44%
2006	0.00%	11.15%
2005	0.00%	11.23%
2004	0.00%	5.13%
2003	0.00%	0.52%
2002	0.00%	0.80%
2001	0.00%	0.74%