GVIPvsSPHQETF Comparison
VS
Goldman Sachs Hedge Industry VIP ETF (GVIP) and Invesco S&P 500 Quality ETF (SPHQ) belong to the same industry segment: US Multi-Factor. Both ETFs have the same top 3 sector exposures: Technology, Finance and Industrials. GVIP is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.21% for SPHQ. GVIP is up 5.42% year-to-date (YTD) with +$90M in YTD flows. SPHQ performs better with 12.81% YTD performance, and +$1.73B in YTD flows. Run a side-by-side ETF comparison of GVIP and SPHQ 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 SPHQ 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 SPHQ | -2.19%+1.46% | -6.32%-1.72% | +5.42%+12.81% | +7.75%+16.27% | +89.73%+70.26% | +60.74%+77.60% |
| Flows | GVIP SPHQ | +$4M+$131M | +$30M-$476M | +$90M+$1.73B | +$107M+$1.62B | +$239M+$6.84B | +$191M+$9.67B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GVIP SPHQ | +22.52%+12.21% | +23.12%+14.75% | +20.88%+14.81% | +22.34%+16.71% |
| Max drawdown | GVIP SPHQ | -9.53%-5.44% | -14.89%-8.93% | -23.14%-16.54% | -37.10%-25.04% |
| Max drawdown duration | GVIP SPHQ | 23d60d | 108d53d | 128d104d | 835d570d |
Trading data
GVIP | SPHQ | |
Last sale 10/16/2026 at 1:30 PM | $163.02 | $83.96 |
| Previous close 10/15/2026 | $167.12 | $84.88 |
| 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 | SPHQ | |
|---|---|---|
| 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 | SPHQ | |
|---|---|---|
| Last price | $163.02 | $83.96 |
| 1D performance | -2.46% | -1.08% |
| AuM | $550.26 M | $18.78 B |
| E/R | 0.45% | 0.21% |
Characteristics
GVIP | SPHQ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Goldman Sachs | Invesco |
| Benchmark | Goldman Sachs Hedge Fund VIP Index | S&P 500 Quality Index |
| N° of holdings | 50 | 99 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 1, 2016 | December 6, 2005 |
| ESG | No | No |
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Exposure
Countries
GVIP
USA
84.34%
Other
15.66%
SPHQ
USA
95.21%
Other
4.79%
Sectors
GVIP
Technology
37.07%
Finance
16.08%
Industrials
13.82%
Healthcare
8.52%
Consumer Non-Cycl.
8.37%
Other
16.14%
SPHQ
Technology
41.46%
Finance
16.96%
Industrials
16.31%
Consumer Non-Cycl.
10.4%
Other
14.87%
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Diversification
GVIP
Total weight of top 15 holdings out of 15
32.26%
SPHQ
Total weight of top 15 holdings out of 15
55.58%
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%
SPHQ
Mastercard, Inc.
5.88%
Visa, Inc.
5.71%
Apple, Inc.
5.24%
Lam Research Corp.
4.26%
Netflix, Inc.
4.08%
GE Vernova, Inc.
3.93%
Costco Wholesale Corp.
3.87%
GE Aerospace
3.72%
Cisco Systems, Inc.
3.57%
Sandisk Corp.
2.86%
Procter & Gamble Co.
2.79%
Western Digital Corp.
2.58%
Applied Materials, Inc.
2.47%
KLA Corp.
2.35%
QUALCOMM, Inc.
2.26%
Frequently asked questions about GVIP and SPHQ
How have the GVIP and SPHQ ETFs performed in 2026?
As of October 16, 2026, GVIP is up 5.42% year-to-date (YTD), while SPHQ has returned 12.81%. That puts SPHQ better performer ahead so far this year.
Which ETF is attracting more investor money: GVIP or SPHQ?
Year-to-date, the GVIP ETF saw +$90M in flows, compared to +$1.73B for SPHQ.
Which ETF is more volatile: GVIP or SPHQ?
Over the past year, GVIP had a volatility of 23.12%, while SPHQ experienced 14.75%.
Which ETF is bigger: GVIP or SPHQ?
As of October 16, 2026, GVIP holds $550.26 M in assets under management (AUM), while SPHQ manages $18.78 B.
What sectors do the GVIP and SPHQ ETFs invest in?
GVIP leans toward sectors like Technology, Finance and Industrials. Meanwhile, SPHQ focuses on Technology, Finance and Industrials.
What are the top holdings of the GVIP ETF and SPHQ ETF?
GVIP top holdings include DoorDash, Inc., Thermo Fisher Scientific, Inc. and Revolution Medicines, Inc.. SPHQ holds in its top three: Mastercard, Inc., Visa, Inc. and Apple, Inc..
Which ETF is more diversified: GVIP or SPHQ?
GVIP holds 50 securities with 32.26% of its assets in the top 15. SPHQ has 99 securities and a top 15 weight of 55.58%.
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