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GVIPvsFLRGETF Comparison

ETF 1

GVIP

Goldman Sachs Hedge Industry VIP ETF

This fund is part of

US Multi-Factor

+0%

Full GVIP fund page

VS

ETF 2

FLRG

Fidelity US Multifactor ETF

This fund is part of

US Multi-Factor

+0%

Full FLRG fund page

Goldman Sachs Hedge Industry VIP ETF (GVIP) and Fidelity US Multifactor ETF (FLRG) belong to the same industry segment: US Multi-Factor. GVIP's top 3 sector exposures are Information Technology, Industrials and Communication Services. In contrast, FLRG's top sector exposures are Information Technology, Consumer Discretionary and Health Care. GVIP is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.15% for FLRG. GVIP is down -3.97% year-to-date (YTD) with +$23M in YTD flows. FLRG performs better with -1.81% YTD performance, and -$2M in YTD flows. Run a side-by-side ETF comparison of GVIP and FLRG 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 FLRG performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	GVIP FLRG	-4.62%-3.09%	-4.96%-1.82%	-3.97%-1.81%	+24.07%+13.04%	+95.52%+55.97%	+55.46%+71.95%
Flows	GVIP FLRG	+$11M-$2M	+$23M-$2M	+$23M-$2M	+$64M+$35M	+$161M+$194M	+$144M+$210M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	GVIP FLRG	+22.61%+12.09%	+23.16%+15.84%	+18.89%+13.46%	+21.26%+15.27%
Max drawdown	GVIP FLRG	-13.66%-7.10%	-13.66%-11.07%	-23.14%-16.74%	-37.10%-20.04%
Max drawdown duration	GVIP FLRG	64d64d	64d29d	128d154d	835d604d

Trading data

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	GVIP	FLRG
Last sale 4/6/2026 at 1:30 PM	$149.28	$37.29
Previous close 04/02/2026	$148.50	$37.10
Consolidated volume 04/02/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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	GVIP	FLRG
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/6/2026 at 1:30 PM

Live

Closed

	GVIP	FLRG
Last price	$149.28	$37.29
1D performance	+0.53%	+0.51%
AuM	$441.83 M	$263.64 M
E/R	0.45%	0.15%

Characteristics

	GVIP	FLRG
Management strategy	Passive	Passive
Provider	Goldman Sachs	Fidelity
Benchmark	Goldman Sachs Hedge Fund VIP Index	Fidelity U.S. Multifactor Index
N° of holdings	42	97
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	November 1, 2016	September 15, 2020
ESG	No	No

More GVIP data on Trackinsight

More FLRG data on Trackinsight

Exposure

Countries

GVIP

USA

96.21%

Other

3.79%

FLRG

USA

94.3%

Other

5.7%

Sectors

GVIP

Information Techn.

24.47%

Industrials

13.1%

Communication Ser.

13.02%

Consumer Discreti.

8.99%

Health Care

7.59%

Other

32.83%

FLRG

Information Techn.

35.55%

Consumer Discreti.

9.99%

Health Care

9.88%

Financials

9.66%

Communication Ser.

9.66%

Industrials

8.44%

Other

16.83%

Diversification

GVIP

Total weight of top 15 holdings out of 15

42.27%

FLRG

Total weight of top 15 holdings out of 15

41.67%

Top 15 holdings

Data as of February 28, 2026

GVIP

US80004C2008

5.30%

WESTERN DIGITAL

3.59%

MICRON TECHNOLOGY

3.45%

ECHOSTAR

3.22%

VERTIV HOLDINGS

2.90%

US8816242098

2.70%

US8740391003

2.63%

WARNER BROS. DISCOVERY

2.54%

US00370M1036

2.43%

UNION PACIFIC U

2.39%

ALPHABET INC-CL

2.28%

PG&E

2.26%

NORFOLK SOUTHERN

2.24%

CRH PLC

2.24%

META PLATFORMS

2.11%

FLRG

NVIDIA

7.48%

APPLE

6.39%

ALPHABET INC-CL

5.14%

MICROSOFT-T

4.75%

BROADCOM LIMITED

2.63%

META PLATFORMS

2.34%

EXXON

1.73%

JOHNSON&JOHNSON

1.61%

VISA INCORPORATION

1.59%

NRG ENERGY

1.41%

MASTERCARD

1.37%

ABBVIE

1.33%

PROCTERGAMBLE

1.32%

NEWMONT CORP

1.31%

MCDONALD'S

1.26%

Frequently asked questions about GVIP and FLRG

How have the GVIP and FLRG ETFs performed in 2026?

As of April 2, 2026, GVIP is down -3.97% year-to-date (YTD), while FLRG has lost -1.81%. That puts FLRG better performer ahead so far this year.

Which ETF is attracting more investor money: GVIP or FLRG?

Year-to-date, the GVIP ETF saw +$23M in flows, compared to -$2M for FLRG.

Which ETF is more volatile: GVIP or FLRG?

Over the past year, GVIP had a volatility of 23.16%, while FLRG experienced 15.84%.

Which ETF is bigger: GVIP or FLRG?

As of April 2, 2026, GVIP holds $441.83 M in assets under management (AUM), while FLRG manages $263.64 M.

What sectors do the GVIP and FLRG ETFs invest in?

GVIP leans toward sectors like Information Technology, Industrials and Communication Services. Meanwhile, FLRG focuses on Information Technology, Consumer Discretionary and Health Care.

GVIPvsFLRGETF Comparison

Goldman Sachs Hedge Industry VIP ETF

Fidelity US Multifactor ETF

GVIP vs FLRG performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the GVIP and FLRG ETFs performed in 2026?

As of April 2, 2026, GVIP is down -3.97% year-to-date (YTD), while FLRG has lost -1.81%. That puts FLRG better performer ahead so far this year.

Which ETF is attracting more investor money: GVIP or FLRG?

Year-to-date, the GVIP ETF saw +$23M in flows, compared to -$2M for FLRG.

Which ETF is more volatile: GVIP or FLRG?

Over the past year, GVIP had a volatility of 23.16%, while FLRG experienced 15.84%.

Which ETF is bigger: GVIP or FLRG?

As of April 2, 2026, GVIP holds $441.83 M in assets under management (AUM), while FLRG manages $263.64 M.

What sectors do the GVIP and FLRG ETFs invest in?

GVIP leans toward sectors like Information Technology, Industrials and Communication Services. Meanwhile, FLRG focuses on Information Technology, Consumer Discretionary and Health Care.

What are the top holdings of the GVIP ETF and FLRG ETF?

GVIP top holdings include US80004C2008, WESTERN DIGITAL and MICRON TECHNOLOGY. FLRG holds in its top three: NVIDIA, APPLE and ALPHABET INC-CL.

Which ETF is more diversified: GVIP or FLRG?

GVIP holds 47 securities with 42.27% of its assets in the top 15. FLRG has 98 securities and a top 15 weight of 41.67%.

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