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ETFs

Goldman Sachs Hedge Industry VIP ETF

GVIP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 1, 2016
Expense Ratio
0.45%
Type
US Hedge Fund
Fund Owner
Goldman Sachs
Volume (1m avg. daily)
$219,100
AUM
$139,181,071
Associated Index
Goldman Sachs Hedge Fund VIP Index TR
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

HZNP
Horizon Therapeutics Plc
2.30%
APO
Apollo Global Management Inc - Ordinary Shares - Class A (New)
2.30%
SGEN
Seagen Inc
2.28%
VST
Vistra Corp
2.27%
ET
Energy Transfer LP - Unit
2.25%
VMW
Vmware Inc. - Ordinary Shares - Class A
2.22%
ACI
Albertsons Companies Inc - Ordinary Shares - Class A
2.21%
VRT
Vertiv Holdings Co - Ordinary Shares - Class A
2.19%
PANW
Palo Alto Networks Inc
2.16%
CHTR
Charter Communications Inc. - Ordinary Shares - Class A
2.16%
Invest with GVIP

What is GVIP?

Goldman Sachs Hedge Industry VIP ETF seeks to track the GS Hedge Fund VIP Index, which is constructed in accordance with a rules-based methodology derived from concepts previously developed by Goldman Sachs Global Investment Research division. The Index consists of fundamentally driven hedge fund managers Very-Important-Positions, which appear most frequently among their top 10 long equity holdings.

ETFs related toGVIP

ETFs correlated to GVIP include CGGR, QGRO, SFY

GVIP
Goldman Sachs ETF Trust - Goldman Sachs Hedge IND VIP ETF
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
QGRO
American Century ETF Trust - American Century U.S. Quality Growth ETF
SFY
Tidal ETF Trust - SoFi Select 500 ETF
NULG
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Growth ETF
ESGV
Vanguard Group, Inc. - Vanguard ESG U.S. Stock ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
SCHB
Schwab Strategic Trust - Schwab U.S. Broad Market ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGVIP

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with GVIP using Composer

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FAQ

GVIP is a US Hedge Fund ETF. Goldman Sachs Hedge Industry VIP ETF seeks to track the GS Hedge Fund VIP Index, which is constructed in accordance with a rules-based methodology derived from concepts previously developed by Goldman Sachs Global Investment Research division. The Index consists of fundamentally driven hedge fund managers Very-Important-Positions, which appear most frequently among their top 10 long equity holdings.

GVIP tracks the Goldman Sachs Hedge Fund VIP Index TR.

No, GVIP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GVIP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GVIP is 0.005%. This is the percent change in the value of GVIP over the most recent 1-month period. The 3-month return on GVIP is 0.0408%. This is the percent change in the value of GVIP over the most recent 3-month period.

The standard deviation of GVIP for the past year is 0.197%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GVIP include PFF, PGF, and PGX.

ETFs correlated to GVIP include CGGR, QGRO, and SFY.

ETFs that are inversely correlated to GVIP include SH, SDS, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.