GVIPvsBAFEETF Comparison
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Goldman Sachs Hedge Industry VIP ETF (GVIP) belongs to the US Multi-Factor segment. Brown Advisory Flexible Equity ETF (BAFE) is part of the Uncategorized Equities segment. GVIP's top 3 sector exposures are Technology, Finance and Industrials. In contrast, BAFE's top sector exposures are Technology, Finance and Healthcare. GVIP is less expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.57% for BAFE. GVIP is up 5.42% year-to-date (YTD) with +$90M in YTD flows. BAFE performs better with 11.28% YTD performance, and +$103M in YTD flows. Run a side-by-side ETF comparison of GVIP and BAFE below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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GVIP vs BAFE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GVIP BAFE | -2.19%+3.37% | -6.32%+3.05% | +5.42%+11.28% | +7.75%+13.44% | +89.73%n/a | +60.74%n/a |
| Flows | GVIP BAFE | +$4M+$29M | +$30M+$26M | +$90M+$103M | +$107M+$152M | +$239M- | +$191M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GVIP BAFE | +22.52%+11.18% | +23.12%+13.36% | +20.88%n/a | +22.34%n/a |
| Max drawdown | GVIP BAFE | -9.53%-4.04% | -14.89%-12.74% | -23.14%n/a | -37.10%n/a |
| Max drawdown duration | GVIP BAFE | 23d63d | 108d102d | 128dn/a | 835dn/a |
Trading data
GVIP | BAFE | |
Last sale 10/16/2026 at 1:30 PM | $163.02 | $30.10 |
| Previous close 10/15/2026 | $167.12 | $30.39 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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BAFE
is actively managed and doesn’t replicate an indexGVIP | BAFE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
GVIP | BAFE | |
|---|---|---|
| Last price | $163.02 | $30.10 |
| 1D performance | -2.46% | -0.96% |
| AuM | $550.26 M | $1.80 B |
| E/R | 0.45% | 0.57% |
Characteristics
GVIP | BAFE | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Goldman Sachs | Brown Advisory |
| Benchmark | Goldman Sachs Hedge Fund VIP Index | - |
| N° of holdings | 50 | 43 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 1, 2016 | November 18, 2024 |
| ESG | No | No |
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Exposure
Countries
GVIP
USA
84.34%
Other
15.66%
BAFE
USA
83.61%
Other
16.39%
Sectors
GVIP
Technology
37.07%
Finance
16.08%
Industrials
13.82%
Healthcare
8.52%
Consumer Non-Cycl.
8.37%
Other
16.14%
BAFE
Technology
40.35%
Finance
21.28%
Healthcare
12.89%
Industrials
8.25%
Consumer Non-Cycl.
7.67%
Other
9.55%
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Diversification
GVIP
Total weight of top 15 holdings out of 15
32.26%
BAFE
Total weight of top 15 holdings out of 15
56.76%
Top 15 holdings
Data as of August 31, 2026
GVIP
DoorDash, Inc.
2.26%
Thermo Fisher Scientific, Inc.
2.23%
Revolution Medicines, Inc.
2.19%
MercadoLibre, Inc.
2.19%
Norfolk Southern Corp.
2.18%
Visa, Inc.
2.18%
Mastercard, Inc.
2.17%
S&P Global, Inc.
2.15%
Uber Technologies, Inc.
2.14%
Warner Bros. Discovery, Inc.
2.12%
Coupang, Inc.
2.12%
Apple, Inc.
2.12%
Eli Lilly & Co.
2.08%
Microsoft Corp.
2.07%
Berkshire Hathaway, Inc.
2.07%
BAFE
Microsoft Corp.
6.38%
Taiwan Semiconductor Manufacturing Co., Ltd.
5.96%
Amazon.com, Inc.
4.56%
Visa, Inc.
4.39%
Mastercard, Inc.
3.95%
Alphabet, Inc.
3.70%
Meta Platforms, Inc.
3.61%
Alphabet, Inc.
3.52%
KKR & Co., Inc.
3.43%
NVIDIA Corp.
3.30%
Berkshire Hathaway, Inc.
3.27%
UnitedHealth Group, Inc.
2.96%
United Rentals, Inc.
2.72%
Suncor Energy, Inc.
2.72%
The Charles Schwab Corp.
2.30%
Frequently asked questions about GVIP and BAFE
How have the GVIP and BAFE ETFs performed in 2026?
As of October 16, 2026, GVIP is up 5.42% year-to-date (YTD), while BAFE has returned 11.28%. That puts BAFE better performer ahead so far this year.
Which ETF is attracting more investor money: GVIP or BAFE?
Year-to-date, the GVIP ETF saw +$90M in flows, compared to +$103M for BAFE.
Which ETF is more volatile: GVIP or BAFE?
Over the past year, GVIP had a volatility of 23.12%, while BAFE experienced 13.36%.
Which ETF is bigger: GVIP or BAFE?
As of October 16, 2026, GVIP holds $550.26 M in assets under management (AUM), while BAFE manages $1.80 B.
What sectors do the GVIP and BAFE ETFs invest in?
GVIP leans toward sectors like Technology, Finance and Industrials. Meanwhile, BAFE focuses on Technology, Finance and Healthcare.
What are the top holdings of the GVIP ETF and BAFE ETF?
GVIP top holdings include DoorDash, Inc., Thermo Fisher Scientific, Inc. and Revolution Medicines, Inc.. BAFE holds in its top three: Microsoft Corp., Taiwan Semiconductor Manufacturing Co., Ltd. and Amazon.com, Inc..
Which ETF is more diversified: GVIP or BAFE?
GVIP holds 50 securities with 32.26% of its assets in the top 15. BAFE has 44 securities and a top 15 weight of 56.76%.
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