GVIPvsFDMOETF Comparison
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Goldman Sachs Hedge Industry VIP ETF (GVIP) and Fidelity Momentum Factor ETF (FDMO) belong to the same industry segment: US Multi-Factor. GVIP's top 3 sector exposures are Technology, Finance and Industrials. In contrast, FDMO's top sector exposures are Technology, Finance and Healthcare. GVIP is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.15% for FDMO. GVIP is up 5.42% year-to-date (YTD) with +$90M in YTD flows. FDMO performs better with 9.75% YTD performance, and +$159M in YTD flows. Run a side-by-side ETF comparison of GVIP and FDMO 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 FDMO 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 FDMO | -2.19%-0.73% | -6.32%-1.99% | +5.42%+9.75% | +7.75%+12.47% | +89.73%+97.72% | +60.74%+87.07% |
| Flows | GVIP FDMO | +$4M-$38M | +$30M-$75M | +$90M+$159M | +$107M+$211M | +$239M+$465M | +$191M+$498M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GVIP FDMO | +22.52%+17.02% | +23.12%+19.53% | +20.88%+19.49% | +22.34%+19.68% |
| Max drawdown | GVIP FDMO | -9.53%-6.28% | -14.89%-12.20% | -23.14%-21.79% | -37.10%-25.37% |
| Max drawdown duration | GVIP FDMO | 23d13d | 108d78d | 128d125d | 835d778d |
Trading data
GVIP | FDMO | |
Last sale 10/16/2026 at 1:30 PM | $163.02 | $91.64 |
| Previous close 10/15/2026 | $167.12 | $93.30 |
| 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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GVIP | FDMO | |
|---|---|---|
| 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 | FDMO | |
|---|---|---|
| Last price | $163.02 | $91.64 |
| 1D performance | -2.46% | -1.78% |
| AuM | $550.26 M | $838.72 M |
| E/R | 0.45% | 0.15% |
Characteristics
GVIP | FDMO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Goldman Sachs | Fidelity |
| Benchmark | Goldman Sachs Hedge Fund VIP Index | Fidelity U.S. Momentum Factor Index |
| N° of holdings | 50 | 132 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 1, 2016 | September 12, 2016 |
| ESG | No | No |
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Exposure
Countries
GVIP
USA
84.34%
Other
15.66%
FDMO
USA
96.56%
Other
3.44%
Sectors
GVIP
Technology
37.07%
Finance
16.08%
Industrials
13.82%
Healthcare
8.52%
Consumer Non-Cycl.
8.37%
Other
16.14%
FDMO
Technology
42.61%
Finance
14.03%
Healthcare
10.56%
Consumer Non-Cycl.
8.91%
Industrials
7.99%
Other
15.89%
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Diversification
GVIP
Total weight of top 15 holdings out of 15
32.26%
FDMO
Total weight of top 15 holdings out of 15
44.75%
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%
FDMO
NVIDIA Corp.
8.44%
Apple, Inc.
7.68%
Alphabet, Inc.
5.57%
Amazon.com, Inc.
3.79%
Micron Technology, Inc.
2.67%
Advanced Micro Devices, Inc.
2.12%
JPMorgan Chase & Co.
1.76%
Eli Lilly & Co.
1.75%
Berkshire Hathaway, Inc.
1.70%
Lam Research Corp.
1.63%
Sandisk Corp.
1.62%
Intel Corp.
1.59%
Tesla, Inc.
1.54%
Applied Materials, Inc.
1.49%
Johnson & Johnson
1.40%
Frequently asked questions about GVIP and FDMO
How have the GVIP and FDMO ETFs performed in 2026?
As of October 16, 2026, GVIP is up 5.42% year-to-date (YTD), while FDMO has returned 9.75%. That puts FDMO better performer ahead so far this year.
Which ETF is attracting more investor money: GVIP or FDMO?
Year-to-date, the GVIP ETF saw +$90M in flows, compared to +$159M for FDMO.
Which ETF is more volatile: GVIP or FDMO?
Over the past year, GVIP had a volatility of 23.12%, while FDMO experienced 19.53%.
Which ETF is bigger: GVIP or FDMO?
As of October 16, 2026, GVIP holds $550.26 M in assets under management (AUM), while FDMO manages $838.72 M.
What sectors do the GVIP and FDMO ETFs invest in?
GVIP leans toward sectors like Technology, Finance and Industrials. Meanwhile, FDMO focuses on Technology, Finance and Healthcare.
What are the top holdings of the GVIP ETF and FDMO ETF?
GVIP top holdings include DoorDash, Inc., Thermo Fisher Scientific, Inc. and Revolution Medicines, Inc.. FDMO holds in its top three: NVIDIA Corp., Apple, Inc. and Alphabet, Inc..
Which ETF is more diversified: GVIP or FDMO?
GVIP holds 50 securities with 32.26% of its assets in the top 15. FDMO has 132 securities and a top 15 weight of 44.75%.
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