GVIP vs QDEF
Comparison between GOLDMAN SACHS HEDGE INDUSTRY VIP ETF (GVIP, ETF) and FLEXSHARES QUALITY DIVIDEND DEFENSIVE INDEX FUND (QDEF, ETF).
5-Year PerformanceGVIP has outperformed QDEF, delivering a return of +12.5% compared to +12.4%
GVIP vs QDEF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
GVIP
$570M
QDEF
$568M
Expense Ratio
GVIP
0.45%
Winner
QDEF
0.39%
Max Drawdown
GVIP
37.10%
Winner
QDEF
36.22%
Sharpe Ratio
GVIP
1.39
Winner
QDEF
1.72
5Y Beta
GVIP
1.20
Winner
QDEF
0.72
P/E Ratio
GVIP
65.11
Winner
QDEF
21.11
Forward P/E
GVIP
23.57
Winner
QDEF
17.67
PEG Ratio
GVIP
0.30
Winner
QDEF
0.24
5Y Dividends CAGR
Winner
GVIP
48.90%
QDEF
2.83%
5Y EPS CAGR
GVIP
21.58%
Winner
QDEF
24.00%
Debt to Equity
GVIP
N/A
QDEF
15.45%
P/S Ratio
GVIP
4.33
Winner
QDEF
3.35
P/B Ratio
GVIP
6.99
Winner
QDEF
5.04
GVIP vs QDEF - Holdings Comparison
GVIP and QDEF have 12 common holdings. Overlap is 14.13%
GVIP's top 25 holdings weight is 54.87%. QDEF's top 25 holdings weight is 57.70%.
| Rank | GVIP | QDEF |
|---|---|---|
| #1 | MARVELL TECHNOLOGY INC (MRVL) - 3.25% | APPLE INC (AAPL) - 8.42% |
| #2 | MICRON TECHNOLOGY INC (MU) - 2.84% | NVIDIA CORP (NVDA) - 7.06% |
| #3 | SANDISK CORP ORDINARY SHARES (SNDK) - 2.48% | BROADCOM INC (AVGO) - 5.47% |
| #4 | HUT 8 CORP (HUT) - 2.44% | MICROSOFT CORP (MSFT) - 3.78% |
| #5 | ADVANCED MICRO DEVICES INC (AMD) - 2.44% | ALPHABET INC CLASS A (GOOGL) - 2.68% |
| #6 | LAM RESEARCH CORP (LRCX) - 2.30% | ABBVIE INC (ABBV) - 2.60% |
| #7 | CORE SCIENTIFIC INC ORDINARY SHARES NEW (CORZ) - 2.28% | JOHNSON & JOHNSON (JNJ) - 2.51% |
| #8 | ASML HOLDING NV ADR (ASML) - 2.19% | CISCO SYSTEMS INC (CSCO) - 2.35% |
| #9 | APPLIED MATERIALS INC (AMAT) - 2.18% | PROCTER & GAMBLE CO (PG) - 2.35% |
| #10 | APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 2.17% | ALPHABET INC CLASS C (GOOG) - 2.14% |
| #11 | TALEN ENERGY CORP ORDINARY SHARES NEW (TLN) - 2.16% | PHILIP MORRIS INTERNATIONAL INC (PM) - 2.05% |
| #12 | BROADCOM INC (AVGO) - 2.15% | KLA CORP (KLAC) - 1.93% |
| #13 | VISTRA CORP (VST) - 2.10% | QUALCOMM INC (QCOM) - 1.91% |
| #14 | COHERENT CORP (COHR) - 2.08% | JPMORGAN CHASE & CO (JPM) - 1.86% |
| #15 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 2.06% | MERCK & CO INC (MRK) - 1.39% |
| #16 | REVOLUTION MEDICINES INC ORDINARY SHARES (RVMD) - 2.04% | TJX COMPANIES INC (TJX) - 1.26% |
| #17 | ELI LILLY AND CO (LLY) - 2.04% | GILEAD SCIENCES INC (GILD) - 1.12% |
| #18 | MERCADOLIBRE INC (MELI) - 2.02% | CONOCOPHILLIPS (COP) - 1.07% |
| #19 | BLOOM ENERGY CORP CLASS A (BE) - 1.98% | ALTRIA GROUP INC (MO) - 0.88% |
| #20 | APPLE INC (AAPL) - 1.97% | NEWMONT CORP (NEM) - 0.87% |
| #21 | INTEL CORP (INTC) - 1.97% | BRISTOL-MYERS SQUIBB CO (BMY) - 0.84% |
| #22 | S&P GLOBAL INC (SPGI) - 1.95% | GE VERNOVA INC (GEV) - 0.83% |
| #23 | META PLATFORMS INC CLASS A (META) - 1.93% | LOCKHEED MARTIN CORP (LMT) - 0.80% |
| #24 | MICROSOFT CORP (MSFT) - 1.93% | CASH (n/a) - 0.77% |
| #25 | ELECTRONIC ARTS INC (EA) - 1.92% | ELI LILLY AND CO (LLY) - 0.76% |
| Total Holdings | 51 | 135 |
GVIP vs QDEF - Historical Returns
Returns include dividend reinvestment.
1M
GVIP
+1.29%
Winner
QDEF
+1.39%
3M
Winner
GVIP
+20.04%
QDEF
+7.69%
6M
Winner
GVIP
+14.71%
QDEF
+8.09%
1Y
Winner
GVIP
+33.30%
QDEF
+21.53%
5Y(CAGR)
Winner
GVIP
+12.51%
QDEF
+12.41%
10Y(CAGR)
Winner
GVIP
+17.43%
QDEF
+12.36%
Max(CAGR)
Winner
GVIP
+17.43%
QDEF
+12.69%
GVIP vs QDEF - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | GVIP | QDEF |
|---|---|---|
| 2026 | +13.44% | +7.87% |
| 2025 | +24.18% | +17.60% |
| 2024 | +31.42% | +21.27% |
| 2023 | +40.11% | +17.68% |
| 2022 | -32.35% | -10.90% |
| 2021 | +13.57% | +27.71% |
| 2020 | +42.47% | +3.01% |
| 2019 | +29.65% | +25.36% |
| 2018 | -8.03% | -4.43% |
| 2017 | +24.67% | +16.51% |
| 2016 | +7.97% | +16.55% |
| 2015 | N/A | +0.02% |
| 2014 | N/A | +15.03% |
| 2013 | N/A | +33.47% |
| 2012 | N/A | -2.51% |
GVIP vs QDEF Drawdown Comparison
The maximum drawdown for GVIP was -37.09%, occurring on Oct 14, 2022. Recovery took 573 trading sessions.
The maximum drawdown for QDEF was -35.71%, occurring on Mar 23, 2020. Recovery took 215 trading sessions.
The current GVIP drawdown is -2.16%. The current QDEF drawdown is -1.05%.
| Rank | GVIP | QDEF |
|---|---|---|
| #1 | -37.09% Nov 16, 2021 - Feb 29, 2024 | -35.71% Feb 12, 2020 - Dec 17, 2020 |
| #2 | -36.63% Feb 19, 2020 - Jul 20, 2020 | -21.38% Dec 29, 2021 - Jul 19, 2023 |
| #3 | -23.29% Feb 14, 2025 - Jun 26, 2025 | -16.85% Sep 21, 2018 - Mar 21, 2019 |
| #4 | -21.47% Sep 20, 2018 - Apr 10, 2019 | -14.44% Dec 2, 2024 - Jun 12, 2025 |
| #5 | -13.67% Feb 2, 2026 - Apr 14, 2026 | -12.04% May 21, 2015 - Mar 31, 2016 |
| #6 | -10.25% Jul 16, 2024 - Aug 19, 2024 | -9.87% Jan 26, 2018 - Aug 3, 2018 |
| #7 | -9.91% Apr 30, 2019 - Jul 26, 2019 | -8.96% Jul 28, 2023 - Dec 8, 2023 |
| #8 | -9.66% Jan 26, 2018 - Mar 12, 2018 | -6.95% Feb 9, 2026 - Apr 17, 2026 |
| #9 | -9.55% Jul 26, 2019 - Nov 18, 2019 | -6.44% Apr 30, 2019 - Jun 20, 2019 |
| #10 | -9.08% Mar 12, 2018 - Jun 18, 2018 | -6.10% Sep 3, 2014 - Oct 28, 2014 |
| #11 | -8.76% Sep 2, 2020 - Oct 13, 2020 | -5.92% Dec 31, 2013 - Feb 28, 2014 |
| #12 | -7.59% Oct 13, 2020 - Nov 5, 2020 | -5.83% Jul 29, 2019 - Oct 25, 2019 |
| #13 | -7.24% Oct 29, 2025 - Dec 10, 2025 | -5.60% Sep 3, 2021 - Nov 2, 2021 |
| #14 | -7.10% Feb 16, 2021 - Apr 9, 2021 | -5.59% Aug 15, 2016 - Nov 21, 2016 |
| #15 | -7.04% Apr 29, 2021 - Jun 23, 2021 | -5.26% Mar 28, 2024 - May 15, 2024 |
Correlation
Correlation between GVIP and QDEF is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (2012 - 2026)
GVIP vs QDEF dividend yield comparison.
| Year | GVIP | QDEF |
|---|---|---|
| 2026 | 0.00% | 0.23% |
| 2025 | 0.34% | 1.74% |
| 2024 | 0.29% | 1.85% |
| 2023 | 0.77% | 2.21% |
| 2022 | 0.02% | 2.42% |
| 2021 | 0.00% | 1.84% |
| 2020 | 0.12% | 2.50% |
| 2019 | 0.77% | 3.17% |
| 2018 | 0.44% | 7.10% |
| 2017 | 0.45% | 2.70% |
| 2016 | 0.08% | 2.90% |
| 2015 | 0.00% | 3.00% |
| 2014 | 0.00% | 2.52% |
| 2013 | 0.00% | 2.12% |
| 2012 | 0.00% | 0.49% |
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