GVIPvsLCAPETF Comparison
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Goldman Sachs Hedge Industry VIP ETF (GVIP) and Principal Capital Appreciation Select ETF (LCAP) belong to the same industry segment: US Multi-Factor. GVIP's top 3 sector exposures are Technology, Finance and Industrials. In contrast, LCAP's top sector exposures are Technology, Finance and Healthcare. GVIP is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.29% for LCAP. GVIP is up 5.42% year-to-date (YTD) with +$90M in YTD flows. LCAP performs better with 14.51% YTD performance, and +$1.63B in YTD flows. Run a side-by-side ETF comparison of GVIP and LCAP 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 LCAP 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 LCAP | -2.19%+2.43% | -6.32%+1.24% | +5.42%+14.51% | +7.75%+17.13% | +89.73%n/a | +60.74%n/a |
| Flows | GVIP LCAP | +$4M+$16M | +$30M+$33M | +$90M+$1.63B | +$107M+$1.78B | +$239M- | +$191M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GVIP LCAP | +22.52%+9.93% | +23.12%+12.44% | +20.88%n/a | +22.34%n/a |
| Max drawdown | GVIP LCAP | -9.53%-3.64% | -14.89%-7.86% | -23.14%n/a | -37.10%n/a |
| Max drawdown duration | GVIP LCAP | 23d53d | 108d47d | 128dn/a | 835dn/a |
Trading data
GVIP | LCAP | |
Last sale 10/16/2026 at 1:30 PM | $163.02 | $33.84 |
| Previous close 10/15/2026 | $167.12 | $34.27 |
| 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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LCAP
is actively managed and doesn’t replicate an indexGVIP | LCAP | |
|---|---|---|
| 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 | LCAP | |
|---|---|---|
| Last price | $163.02 | $33.84 |
| 1D performance | -2.46% | -1.26% |
| AuM | $550.26 M | $1.90 B |
| E/R | 0.45% | 0.29% |
Characteristics
GVIP | LCAP | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Goldman Sachs | Principal Global Investors |
| Benchmark | Goldman Sachs Hedge Fund VIP Index | - |
| N° of holdings | 50 | 56 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 1, 2016 | March 25, 2025 |
| ESG | No | No |
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Exposure
Countries
GVIP
USA
84.34%
Other
15.66%
LCAP
USA
95.73%
Other
4.27%
Sectors
GVIP
Technology
37.07%
Finance
16.08%
Industrials
13.82%
Healthcare
8.52%
Consumer Non-Cycl.
8.37%
Other
16.14%
LCAP
Technology
41.29%
Finance
15.65%
Healthcare
10.7%
Consumer Non-Cycl.
9.79%
Other
22.57%
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Diversification
GVIP
Total weight of top 15 holdings out of 15
32.26%
LCAP
Total weight of top 15 holdings out of 15
54.26%
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%
LCAP
NVIDIA Corp.
7.80%
Apple, Inc.
6.33%
Microsoft Corp.
5.17%
Alphabet, Inc.
5.05%
Amazon.com, Inc.
4.39%
Visa, Inc.
3.33%
Broadcom Inc.
3.07%
JPMorgan Chase & Co.
3.00%
Marathon Petroleum Corp.
2.65%
Eli Lilly & Co.
2.43%
Costco Wholesale Corp.
2.38%
State Street Institutional US Government Money Market Fund
2.24%
Parker-Hannifin Corp.
2.18%
Republic Services, Inc.
2.12%
Lam Research Corp.
2.12%
Frequently asked questions about GVIP and LCAP
How have the GVIP and LCAP ETFs performed in 2026?
As of October 16, 2026, GVIP is up 5.42% year-to-date (YTD), while LCAP has returned 14.51%. That puts LCAP better performer ahead so far this year.
Which ETF is attracting more investor money: GVIP or LCAP?
Year-to-date, the GVIP ETF saw +$90M in flows, compared to +$1.63B for LCAP.
Which ETF is more volatile: GVIP or LCAP?
Over the past year, GVIP had a volatility of 23.12%, while LCAP experienced 12.44%.
Which ETF is bigger: GVIP or LCAP?
As of October 16, 2026, GVIP holds $550.26 M in assets under management (AUM), while LCAP manages $1.90 B.
What sectors do the GVIP and LCAP ETFs invest in?
GVIP leans toward sectors like Technology, Finance and Industrials. Meanwhile, LCAP focuses on Technology, Finance and Healthcare.
What are the top holdings of the GVIP ETF and LCAP ETF?
GVIP top holdings include DoorDash, Inc., Thermo Fisher Scientific, Inc. and Revolution Medicines, Inc.. LCAP holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: GVIP or LCAP?
GVIP holds 50 securities with 32.26% of its assets in the top 15. LCAP has 56 securities and a top 15 weight of 54.26%.
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