ACEI vs. GPIX

Last updated Aug 1, 2026

ACEI (Innovator Equity Autocallable Income Strategy ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both Derivative Income funds. Both are actively managed. Their 0.51 correlation means they have sometimes moved together and sometimes differently. ACEI charges 0.79%/yr vs 0.29%/yr for GPIX.

Performance

ACEI vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Autocallable Income Strategy ETF (ACEI) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACEI achieves a -0.49% return, which is significantly lower than GPIX's 10.23% return.

ACEI

• 1D: 1.09%
• 1M: -0.52%
• 6M: 0.92%
• YTD: -0.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

GPIX

• 1D: 0.62%
• 1M: 0.62%
• 6M: 8.56%
• YTD: 10.23%
• 1Y: 21.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACEI Innovator Equity Autocallable Income Strategy ETF	$489.67K	$544.80K	$508.18K
GPIX Goldman Sachs S&P 500 Premium Income ETF	$55.40M	$53.93M	$51.40M

ACEI vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025
ACEI Innovator Equity Autocallable Income Strategy ETF	-0.49%	0.65%
GPIX Goldman Sachs S&P 500 Premium Income ETF	10.23%	3.92%

Correlation

The correlation between ACEI and GPIX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025	0.51

Return for Risk

ACEI vs. GPIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ACEI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GPIX

GPIX Risk / Return Rank: 78
GPIX Sharpe Ratio Rank: 77
GPIX Sortino Ratio Rank: 76
GPIX Omega Ratio Rank: 78
GPIX Calmar Ratio Rank: 73
GPIX Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ACEI vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Autocallable Income Strategy ETF (ACEI) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ACEI	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.75	—
Sortino ratio: Return per unit of downside risk	—	2.43	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.53	—
Martin ratio: Return relative to average drawdown	—	11.97	—

Drawdowns

ACEI vs. GPIX - Drawdown Comparison

The maximum ACEI drawdown since its inception was -9.30%, smaller than the maximum GPIX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for ACEI and GPIX.

Drawdown Indicators

	ACEI	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-9.30%	-17.50%	+8.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.71%	—
Current Drawdown Current decline from peak	-5.88%	-0.57%	-5.31%
Average Drawdown Average peak-to-trough decline	-2.45%	-1.46%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.63%	—

Volatility

Volatility by Period

	ACEI	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.56%	11.17%	+2.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.56%	13.76%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.56%	13.76%	-0.20%

ACEI vs. GPIX - Expense Ratio Comparison

ACEI has a 0.79% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

ACEI vs. GPIX - Dividend Comparison

ACEI's dividend yield for the trailing twelve months is around 9.95%, more than GPIX's 8.11% yield.

Position	TTM	2025	2024	2023
ACEI Innovator Equity Autocallable Income Strategy ETF	9.95%	2.11%	0.00%	0.00%
GPIX Goldman Sachs S&P 500 Premium Income ETF	7.46%	8.01%	7.45%	1.40%

Frequently Asked Questions

Can I hold both ACEI and GPIX in my portfolio?

ACEI and GPIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ACEI or GPIX?

On fees, GPIX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ACEI or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.79% for ACEI.

Which ETF pays a higher dividend yield, ACEI or GPIX?

ACEI has the higher dividend yield at 9.95%, compared with 7.46% for GPIX.

What is the main difference between ACEI and GPIX?

They also come from different issuers: Innovator and Goldman Sachs. Their fees differ too: 0.79% for ACEI and 0.29% for GPIX.