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, Industrials and Finance. In contrast, FDMO's top sector exposures are Technology, Finance and Industrials. GVIP is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.15% for FDMO. GVIP is up 11.38% year-to-date (YTD) with +$64M in YTD flows. FDMO performs worse with 11.21% YTD performance, and +$234M 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 07/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GVIP FDMO | -4.43%-3.25% | +3.76%+4.79% | +11.38%+11.21% | +23.81%+21.61% | +97.16%+93.89% | +77.97%+103.77% |
| Flows | GVIP FDMO | +$18M+$48M | +$33M+$60M | +$64M+$234M | +$102M+$295M | +$218M+$536M | +$170M+$530M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GVIP FDMO | +28.00%+22.59% | +21.47%+18.64% | +20.20%+19.21% | +21.99%+19.56% |
| Max drawdown | GVIP FDMO | -8.64%-5.77% | -13.66%-12.20% | -23.14%-21.79% | -37.10%-25.37% |
| Max drawdown duration | GVIP FDMO | 17d10d | 75d78d | 128d125d | 835d778d |
Trading data
GVIP | FDMO | |
Last sale 7/20/2026 at 1:30 PM | $172.52 | $92.64 |
| Previous close 07/17/2026 | $172.54 | $92.96 |
| Consolidated volume 07/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 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 7/20/2026 at 1:30 PM
Live
Closed
GVIP | FDMO | |
|---|---|---|
| Last price | $172.52 | $92.64 |
| 1D performance | -0.01% | -0.34% |
| AuM | $555.51 M | $925.80 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 | 49 | 135 |
| 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
87.11%
Other
12.89%
FDMO
USA
97.38%
Other
2.62%
Sectors
GVIP
Technology
42.81%
Industrials
14.62%
Finance
13.72%
Healthcare
8.22%
Other
20.63%
FDMO
Technology
44.56%
Finance
13.22%
Industrials
9.18%
Consumer Non-Cycl.
9.15%
Healthcare
8.7%
Other
15.19%
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Diversification
GVIP
Total weight of top 15 holdings out of 15
33%
FDMO
Total weight of top 15 holdings out of 15
47.38%
Top 15 holdings
Data as of May 31, 2026
GVIP
Micron Technology, Inc.
2.56%
Applovin Corp.
2.34%
Advanced Micro Devices, Inc.
2.32%
Sandisk Corp.
2.30%
Marvell Technology, Inc.
2.21%
Abivax SA
2.21%
Talen Energy Corp.
2.21%
Vistra Corp.
2.19%
Lam Research Corp.
2.14%
Core Scientific, Inc.
2.12%
Eli Lilly & Co.
2.10%
MercadoLibre, Inc.
2.09%
Carvana Co.
2.08%
Revolution Medicines, Inc.
2.07%
Nu Holdings Ltd.
2.06%
FDMO
NVIDIA Corp.
8.16%
Apple, Inc.
7.38%
Alphabet, Inc.
5.96%
Amazon.com, Inc.
3.85%
Broadcom Inc.
3.72%
Micron Technology, Inc.
3.03%
Meta Platforms, Inc.
2.23%
Tesla, Inc.
1.88%
Eli Lilly & Co.
1.84%
Lam Research Corp.
1.65%
Sandisk Corp.
1.65%
Berkshire Hathaway, Inc.
1.64%
JPMorgan Chase & Co.
1.51%
Applied Materials, Inc.
1.50%
Seagate Technology Holdings Plc
1.42%
Frequently asked questions about GVIP and FDMO
How have the GVIP and FDMO ETFs performed in 2026?
As of July 17, 2026, GVIP is up 11.38% year-to-date (YTD), while FDMO has returned 11.21%. That puts GVIP better performer ahead so far this year.
Which ETF is attracting more investor money: GVIP or FDMO?
Year-to-date, the GVIP ETF saw +$64M in flows, compared to +$234M for FDMO.
Which ETF is more volatile: GVIP or FDMO?
Over the past year, GVIP had a volatility of 21.47%, while FDMO experienced 18.64%.
Which ETF is bigger: GVIP or FDMO?
As of July 17, 2026, GVIP holds $555.51 M in assets under management (AUM), while FDMO manages $925.80 M.
What sectors do the GVIP and FDMO ETFs invest in?
GVIP leans toward sectors like Technology, Industrials and Finance. Meanwhile, FDMO focuses on Technology, Finance and Industrials.
What are the top holdings of the GVIP ETF and FDMO ETF?
GVIP top holdings include Micron Technology, Inc., Applovin Corp. and Advanced Micro Devices, Inc.. FDMO holds in its top three: NVIDIA Corp., Apple, Inc. and Alphabet, Inc..
Which ETF is more diversified: GVIP or FDMO?
GVIP holds 49 securities with 33% of its assets in the top 15. FDMO has 135 securities and a top 15 weight of 47.38%.
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