Goldman Sachs Hedge Industry VIP ETF (GVIP) outperforms S&P 500 but shows high volatility and high valuation.

The Goldman Sachs Hedge Industry VIP ETF (GVIP), which holds 52 hedge fund-favored stocks mostly in technology, has outperformed the S&P 500 and similar ETFs since December 2021. However, it carries high volatility and trades at higher valuation multiples despite similar growth rates compared to the S&P 500 ETF (SPY). The fund also experiences a high portfolio turnover rate of 137%. Analysts suggest that the QQQ ETF remains a more attractive option for large growth exposure in the current bullish but stretched market environment.