GVIP vs WIP

Comparison between GOLDMAN SACHS HEDGE INDUSTRY VIP ETF (GVIP, ETF) and SPDR(R) FTSE INTERNATIONAL GOVERNMENT INFLATION-PROTECTED BOND ETF (WIP, ETF).

5-Year PerformanceGVIP has outperformed WIP, delivering a return of +12.0% compared to -0.9%

GVIP vs WIP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GVIP(ETF)	WIP(ETF)
Net Assets	$505M	$502M
Expense Ratio	0.45%	0.50%
Max Drawdown	37.10%	44.40%
Sharpe Ratio	1.35	0.60
5Y Beta	1.19	0.16
P/E Ratio	53.18	N/A
Forward P/E	22.21	N/A
5Y Dividends CAGR	48.90%	11.33%
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

WIP

$502M

Expense Ratio

Winner

GVIP

0.45%

WIP

0.50%

Max Drawdown

Winner

GVIP

37.10%

WIP

44.40%

Sharpe Ratio

Winner

GVIP

1.35

WIP

0.60

5Y Beta

GVIP

1.19

Winner

WIP

0.16

P/E Ratio

GVIP

53.18

WIP

N/A

Forward P/E

GVIP

22.21

WIP

N/A

5Y Dividends CAGR

Winner

GVIP

48.90%

WIP

11.33%

5Y EPS CAGR

GVIP

21.97%

WIP

N/A

P/S Ratio

GVIP

3.80

WIP

N/A

P/B Ratio

GVIP

6.28

WIP

N/A

GVIP vs WIP - Historical Returns

Returns include dividend reinvestment.

Period	GVIP	WIP
1 month	+0.93%	-0.70%
3 months	+13.28%	+1.05%
6 months	+12.21%	+4.17%
1 year	+31.19%	+9.03%
5 years(CAGR)	+12.00%	-0.89%
10 years(CAGR)	+17.17%	+1.51%
Max(CAGR)	+17.17%	+1.23%

Winner

GVIP

+0.93%

WIP

-0.70%

Winner

GVIP

+13.28%

WIP

+1.05%

Winner

GVIP

+12.21%

WIP

+4.17%

Winner

GVIP

+31.19%

WIP

+9.03%

5Y(CAGR)

Winner

GVIP

+12.00%

WIP

-0.89%

10Y(CAGR)

Winner

GVIP

+17.17%

WIP

+1.51%

Max(CAGR)

Winner

GVIP

+17.17%

WIP

+1.23%

GVIP vs WIP - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	GVIP	WIP
2026	+10.71%	+3.58%
2025	+24.18%	+15.10%
2024	+31.42%	-7.26%
2023	+40.11%	+9.33%
2022	-32.35%	-14.92%
2021	+13.57%	-3.85%
2020	+42.47%	+8.19%
2019	+29.65%	+8.74%
2018	-8.03%	-6.13%
2017	+24.67%	+12.80%
2016	+7.97%	+4.58%
2015	N/A	-9.68%
2014	N/A	+0.52%
2013	N/A	-5.45%
2012	N/A	+13.80%
2011	N/A	+2.43%
2010	N/A	+5.49%
2009	N/A	+17.38%
2008	N/A	-18.73%

GVIP vs WIP Drawdown Comparison

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

The maximum drawdown for WIP was -29.59%, occurring on Nov 21, 2008. Recovery took 559 trading sessions.

The current GVIP drawdown is -4.51%. The current WIP drawdown is -4.78%.

Rank	GVIP	WIP
#1	-37.09% Nov 16, 2021 - Feb 29, 2024	-29.59% Jul 15, 2008 - Oct 1, 2010
#2	-36.63% Feb 19, 2020 - Jul 20, 2020	-28.84% Jun 10, 2021 - Sep 27, 2022
#3	-23.29% Feb 14, 2025 - Jun 26, 2025	-20.04% Jan 26, 2018 - Nov 16, 2020
#4	-21.47% Sep 20, 2018 - Apr 10, 2019	-19.13% Jul 23, 2014 - Jan 23, 2018
#5	-13.67% Feb 2, 2026 - Apr 14, 2026	-11.08% Aug 17, 2011 - Sep 7, 2012
#6	-10.25% Jul 16, 2024 - Aug 19, 2024	-10.51% May 1, 2013 - Jun 30, 2014
#7	-9.91% Apr 30, 2019 - Jul 26, 2019	-7.74% Nov 4, 2010 - Mar 21, 2011
#8	-9.66% Jan 26, 2018 - Mar 12, 2018	-5.48% Dec 31, 2020 - Jun 4, 2021
#9	-9.55% Jul 26, 2019 - Nov 18, 2019	-4.07% Apr 29, 2011 - Jul 29, 2011
#10	-9.08% Mar 12, 2018 - Jun 18, 2018	-4.00% Mar 27, 2008 - Jul 11, 2008
#11	-8.76% Sep 2, 2020 - Oct 13, 2020	-3.32% Jan 14, 2013 - Apr 29, 2013
#12	-7.59% Oct 13, 2020 - Nov 5, 2020	-2.86% Aug 3, 2011 - Aug 15, 2011
#13	-7.24% Oct 29, 2025 - Dec 10, 2025	-2.81% Oct 14, 2010 - Nov 4, 2010
#14	-7.10% Feb 16, 2021 - Apr 9, 2021	-1.58% Oct 17, 2012 - Nov 28, 2012
#15	-7.04% Apr 29, 2021 - Jun 23, 2021	-1.40% Dec 31, 2012 - Jan 11, 2013

Correlation

Correlation between GVIP and WIP is 0.27 which considered as a very weak or no correlation - the stocks move independently of each other.

0.27

-101

Dividend Comparison (2008 - 2026)

GVIP vs WIP dividend yield comparison.

Year	GVIP	WIP
2026	0.00%	2.60%
2025	0.34%	5.51%
2024	0.29%	6.06%
2023	0.77%	6.54%
2022	0.02%	11.15%
2021	0.00%	4.63%
2020	0.12%	1.59%
2019	0.77%	2.49%
2018	0.44%	4.05%
2017	0.45%	1.91%
2016	0.08%	1.27%
2015	0.00%	1.14%
2014	0.00%	2.56%
2013	0.00%	2.38%
2012	0.00%	2.48%
2011	0.00%	4.65%
2010	0.00%	2.36%
2009	0.00%	0.75%
2008	0.00%	5.40%