AIPI vs. GPIX
Compare and contrast key facts about REX AI Equity Premium Income ETF (AIPI) and Goldman Sachs S&P 500 Core Premium Income ETF (GPIX).
AIPI and GPIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AIPI is an actively managed fund by REX. It was launched on Jun 3, 2024. GPIX is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIPI or GPIX.
Key characteristics
| AIPI | GPIX | |
|---|---|---|
| Daily Std Dev | 23.25% | 10.73% |
| Max Drawdown | -15.85% | -6.97% |
| Current Drawdown | -6.64% | -0.50% |
Correlation
The correlation between AIPI and GPIX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AIPI vs. GPIX - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AIPI vs. GPIX - Expense Ratio Comparison
AIPI has a 0.65% expense ratio, which is higher than GPIX's 0.29% expense ratio.
Risk-Adjusted Performance
AIPI vs. GPIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for REX AI Equity Premium Income ETF (AIPI) and Goldman Sachs S&P 500 Core 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.
Not enough dataDividends
AIPI vs. GPIX - Dividend Comparison
AIPI's dividend yield for the trailing twelve months is around 5.96%, less than GPIX's 6.77% yield.
| TTM | 2023 | |
|---|---|---|
AIPI REX AI Equity Premium Income ETF | 5.96% | 0.00% |
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | 6.77% | 1.40% |
Drawdowns
AIPI vs. GPIX - Drawdown Comparison
The maximum AIPI drawdown since its inception was -15.85%, which is greater than GPIX's maximum drawdown of -6.97%. Use the drawdown chart below to compare losses from any high point for AIPI and GPIX. For additional features, visit the drawdowns tool.
Volatility
AIPI vs. GPIX - Volatility Comparison
REX AI Equity Premium Income ETF (AIPI) has a higher volatility of 5.77% compared to Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) at 3.39%. This indicates that AIPI's price experiences larger fluctuations and is considered to be riskier than GPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.