GVIP vs MMT

Comparison between GOLDMAN SACHS HEDGE INDUSTRY VIP ETF (GVIP, ETF) and MFS Multimarket Income Trust (MMT, ETF).

5-Year PerformanceGVIP has outperformed MMT, delivering a return of +11.0% compared to +1.5%

GVIP vs MMT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GVIP(ETF)	MMT(ETF)
Net Assets	$552M	$554M
Expense Ratio	0.45%	N/A
Max Drawdown	37.10%	47.46%
Sharpe Ratio	0.85	-0.03
5Y Beta	1.24	0.21
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%	-3.84%
5Y EPS CAGR	22.95%	N/A
P/S Ratio	4.16	N/A
P/B Ratio	6.86	N/A

Net Assets

GVIP

$552M

Winner

MMT

$554M

Expense Ratio

GVIP

0.45%

MMT

N/A

Max Drawdown

Winner

GVIP

37.10%

MMT

47.46%

Sharpe Ratio

Winner

GVIP

0.85

MMT

-0.03

5Y Beta

GVIP

1.24

Winner

MMT

0.21

P/E Ratio

GVIP

79.78

MMT

N/A

Forward P/E

GVIP

25.95

MMT

N/A

PEG Ratio

GVIP

1.14

MMT

N/A

5Y Dividends CAGR

Winner

GVIP

48.90%

MMT

-3.84%

5Y EPS CAGR

GVIP

22.95%

MMT

N/A

P/S Ratio

GVIP

4.16

MMT

N/A

P/B Ratio

GVIP

6.86

MMT

N/A

GVIP vs MMT - Historical Returns

Returns include dividend reinvestment.

Period	GVIP	MMT
1 month	+0.43%	+2.77%
3 months	-1.56%	+0.76%
6 months	+9.04%	-1.17%
1 year	+21.38%	+2.28%
5 years(CAGR)	+11.05%	+1.52%
10 years(CAGR)	+16.66%	+5.41%
Max(CAGR)	+16.66%	+7.16%

GVIP

+0.43%

Winner

MMT

+2.77%

GVIP

-1.56%

Winner

MMT

+0.76%

Winner

GVIP

+9.04%

MMT

-1.17%

Winner

GVIP

+21.38%

MMT

+2.28%

5Y(CAGR)

Winner

GVIP

+11.05%

MMT

+1.52%

10Y(CAGR)

Winner

GVIP

+16.66%

MMT

+5.41%

Max(CAGR)

Winner

GVIP

+16.66%

MMT

+7.16%

GVIP vs MMT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	GVIP	MMT
2026	+9.81%	+1.11%
2025	+24.18%	+8.77%
2024	+31.42%	+11.92%
2023	+40.11%	+8.43%
2022	-32.35%	-23.19%
2021	+13.57%	+12.74%
2020	+42.47%	+7.95%
2019	+29.65%	+27.56%
2018	-8.03%	-8.90%
2017	+24.67%	+8.94%
2016	+7.97%	+21.48%
2015	N/A	-7.81%
2014	N/A	+6.24%
2013	N/A	-1.77%
2012	N/A	+14.21%
2011	N/A	+4.59%
2010	N/A	+15.86%
2009	N/A	+40.61%
2008	N/A	-10.52%
2007	N/A	+1.88%
2006	N/A	+7.10%
2005	N/A	+0.99%
2004	N/A	+6.72%
2003	N/A	+14.85%
2002	N/A	+5.64%
2001	N/A	+2.57%
2000	N/A	+22.97%
1999	N/A	-6.76%

GVIP vs MMT Drawdown Comparison

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

The maximum drawdown for MMT was -35.71%, occurring on Mar 18, 2020. Recovery took 154 trading sessions.

The current GVIP drawdown is -10.54%. The current MMT drawdown is -2.75%.

Rank	GVIP	MMT
#1	-37.09% Nov 16, 2021 - Feb 29, 2024	-35.71% Jan 23, 2020 - Sep 1, 2020
#2	-36.63% Feb 19, 2020 - Jul 20, 2020	-32.27% Dec 17, 2021 - Sep 3, 2025
#3	-23.29% Feb 14, 2025 - Jun 26, 2025	-31.74% May 9, 2008 - Apr 29, 2009
#4	-21.47% Sep 20, 2018 - Apr 10, 2019	-16.73% May 1, 2013 - Jun 1, 2015
#5	-16.36% Jun 22, 2026 - Jul 29, 2026	-14.72% Jul 17, 2001 - Apr 24, 2002
#6	-13.67% Feb 2, 2026 - Apr 14, 2026	-13.23% Jun 1, 2015 - May 25, 2016
#7	-10.25% Jul 16, 2024 - Aug 19, 2024	-11.47% Mar 17, 2004 - Sep 15, 2004
#8	-9.91% Apr 30, 2019 - Jul 26, 2019	-11.27% Jul 11, 2011 - Dec 5, 2011
#9	-9.66% Jan 26, 2018 - Mar 12, 2018	-10.50% Jan 2, 2018 - Jan 30, 2019
#10	-9.55% Jul 26, 2019 - Nov 18, 2019	-8.72% Jun 6, 2002 - Jan 9, 2003
#11	-9.08% Mar 12, 2018 - Jun 18, 2018	-8.52% May 3, 2010 - Jul 16, 2010
#12	-8.76% Sep 2, 2020 - Oct 13, 2020	-7.69% Sep 8, 2016 - Jan 10, 2017
#13	-7.59% Oct 13, 2020 - Nov 5, 2020	-7.68% Nov 2, 1999 - Feb 3, 2000
#14	-7.24% Oct 29, 2025 - Dec 10, 2025	-7.62% Aug 22, 2000 - Dec 18, 2000
#15	-7.10% Feb 16, 2021 - Apr 9, 2021	-7.62% Sep 27, 2005 - Oct 4, 2006

Correlation

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

0.92

-101

Dividend Comparison (1999 - 2026)

GVIP vs MMT dividend yield comparison.

Year	GVIP	MMT
2026	0.00%	6.35%
2025	0.34%	8.65%
2024	0.29%	8.65%
2023	0.77%	8.65%
2022	0.02%	9.38%
2021	0.00%	7.86%
2020	0.12%	8.07%
2019	0.77%	8.16%
2018	0.44%	9.86%
2017	0.45%	8.82%
2016	0.08%	8.71%
2015	0.00%	9.05%
2014	0.00%	7.76%
2013	0.00%	8.89%
2012	0.00%	6.77%
2011	0.00%	7.91%
2010	0.00%	8.70%
2009	0.00%	7.35%
2008	0.00%	8.86%
2007	0.00%	6.45%
2006	0.00%	6.11%
2005	0.00%	6.45%
2004	0.00%	6.19%
2003	0.00%	6.33%
2002	0.00%	7.06%
2001	0.00%	8.76%
2000	0.00%	9.66%
1999	0.00%	1.82%