GVIP vs VBND

Comparison between GOLDMAN SACHS HEDGE INDUSTRY VIP ETF (GVIP, ETF) and VIDENT U.S. BOND STRATEGY ETF (VBND, ETF).

5-Year PerformanceGVIP has outperformed VBND, delivering a return of +12.0% compared to +0.3%

GVIP vs VBND - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GVIP(ETF)	VBND(ETF)
Net Assets	$505M	$506M
Expense Ratio	0.45%	0.41%
Max Drawdown	37.10%	21.99%
Sharpe Ratio	1.35	0.24
5Y Beta	1.19	0.04
P/E Ratio	53.18	N/A
Forward P/E	22.21	N/A
5Y Dividends CAGR	48.90%	17.33%
5Y EPS CAGR	21.97%	N/A
P/S Ratio	3.80	N/A
P/B Ratio	6.28	N/A

Net Assets

GVIP

$505M

Winner

VBND

$506M

Expense Ratio

GVIP

0.45%

Winner

VBND

0.41%

Max Drawdown

GVIP

37.10%

Winner

VBND

21.99%

Sharpe Ratio

Winner

GVIP

1.35

VBND

0.24

5Y Beta

GVIP

1.19

Winner

VBND

0.04

P/E Ratio

GVIP

53.18

VBND

N/A

Forward P/E

GVIP

22.21

VBND

N/A

5Y Dividends CAGR

Winner

GVIP

48.90%

VBND

17.33%

5Y EPS CAGR

GVIP

21.97%

VBND

N/A

P/S Ratio

GVIP

3.80

VBND

N/A

P/B Ratio

GVIP

6.28

VBND

N/A

GVIP vs VBND - Historical Returns

Returns include dividend reinvestment.

Period	GVIP	VBND
1 month	+0.93%	+0.10%
3 months	+13.28%	-0.39%
6 months	+12.21%	+0.65%
1 year	+31.19%	+4.81%
5 years(CAGR)	+12.00%	+0.34%
10 years(CAGR)	+17.17%	+1.55%
Max(CAGR)	+17.17%	+1.62%

Winner

GVIP

+0.93%

VBND

+0.10%

Winner

GVIP

+13.28%

VBND

-0.39%

Winner

GVIP

+12.21%

VBND

+0.65%

Winner

GVIP

+31.19%

VBND

+4.81%

5Y(CAGR)

Winner

GVIP

+12.00%

VBND

+0.34%

10Y(CAGR)

Winner

GVIP

+17.17%

VBND

+1.55%

Max(CAGR)

Winner

GVIP

+17.17%

VBND

+1.62%

GVIP vs VBND - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	GVIP	VBND
2026	+10.71%	+0.45%
2025	+24.18%	+6.80%
2024	+31.42%	+1.82%
2023	+40.11%	+7.33%
2022	-32.35%	-13.63%
2021	+13.57%	-0.46%
2020	+42.47%	+5.06%
2019	+29.65%	+9.45%
2018	-8.03%	-0.79%
2017	+24.67%	+2.75%
2016	+7.97%	+2.13%
2015	N/A	-0.26%
2014	N/A	-0.37%

GVIP vs VBND Drawdown Comparison

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

The maximum drawdown for VBND was -18.97%, occurring on Oct 24, 2022. Recovery took 1062 trading sessions.

The current GVIP drawdown is -4.51%. The current VBND drawdown is -1.22%.

Rank	GVIP	VBND
#1	-37.09% Nov 16, 2021 - Feb 29, 2024	-18.97% Aug 3, 2021 - Oct 24, 2025
#2	-36.63% Feb 19, 2020 - Jul 20, 2020	-12.08% Mar 6, 2020 - Jul 23, 2020
#3	-23.29% Feb 14, 2025 - Jun 26, 2025	-5.25% Sep 28, 2016 - Sep 5, 2017
#4	-21.47% Sep 20, 2018 - Apr 10, 2019	-4.92% Sep 8, 2017 - Mar 20, 2019
#5	-13.67% Feb 2, 2026 - Apr 14, 2026	-3.66% Jan 26, 2021 - Jul 15, 2021
#6	-10.25% Jul 16, 2024 - Aug 19, 2024	-2.97% Apr 17, 2015 - Feb 2, 2016
#7	-9.91% Apr 30, 2019 - Jul 26, 2019	-2.82% Feb 27, 2026 - Mar 27, 2026
#8	-9.66% Jan 26, 2018 - Mar 12, 2018	-2.01% Jan 30, 2015 - Apr 14, 2015
#9	-9.55% Jul 26, 2019 - Nov 18, 2019	-1.91% Sep 4, 2019 - Jan 3, 2020
#10	-9.08% Mar 12, 2018 - Jun 18, 2018	-1.80% Oct 24, 2025 - Feb 12, 2026
#11	-8.76% Sep 2, 2020 - Oct 13, 2020	-1.64% Aug 4, 2020 - Nov 27, 2020
#12	-7.59% Oct 13, 2020 - Nov 5, 2020	-1.39% Feb 11, 2016 - Mar 31, 2016
#13	-7.24% Oct 29, 2025 - Dec 10, 2025	-1.17% Sep 7, 2016 - Sep 28, 2016
#14	-7.10% Feb 16, 2021 - Apr 9, 2021	-1.12% Oct 16, 2014 - Jan 5, 2015
#15	-7.04% Apr 29, 2021 - Jun 23, 2021	-1.10% Apr 7, 2016 - Jun 3, 2016

Correlation

Correlation between GVIP and VBND is 0.69 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.69

-101

Dividend Comparison (2014 - 2026)

GVIP vs VBND dividend yield comparison.

Year	GVIP	VBND
2026	0.00%	1.68%
2025	0.34%	4.22%
2024	0.29%	4.41%
2023	0.77%	3.88%
2022	0.02%	2.55%
2021	0.00%	1.56%
2020	0.12%	1.98%
2019	0.77%	3.14%
2018	0.44%	2.82%
2017	0.45%	2.00%
2016	0.08%	3.12%
2015	0.00%	1.49%
2014	0.00%	0.11%