ANV vs. GPIX
ANV (GraniteShares Autocallable NVDA ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both Derivative Income funds. Both are actively managed. A 0.58 correlation means they provide meaningful diversification when combined. ANV charges 1.07%/yr vs 0.29%/yr for GPIX.
Performance
ANV vs. GPIX - Performance Comparison
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Returns By Period
ANV
- 1D
- 0.08%
- 1M
- 0.32%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
GPIX
- 1D
- -0.11%
- 1M
- -0.25%
- 6M
- 8.00%
- YTD
- 9.42%
- 1Y
- 19.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 22.75%
ANV vs. GPIX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ANV GraniteShares Autocallable NVDA ETF | 7.35% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 7.28% |
Correlation
The correlation between ANV and GPIX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026 | 0.58 |
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Return for Risk
ANV vs. GPIX — Risk / Return Rank
ANV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GPIX
ANV vs. GPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable NVDA ETF (ANV) 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.
| ANV | GPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.52 | — |
| Martin ratioReturn relative to average drawdown | — | 12.02 | — |
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Drawdowns
ANV vs. GPIX - Drawdown Comparison
The maximum ANV drawdown since its inception was -2.82%, smaller than the maximum GPIX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for ANV and GPIX.
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Drawdown Indicators
| ANV | GPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.82% | -17.50% | +14.68% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.71% | — |
Current DrawdownCurrent decline from peak | -0.54% | -1.31% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -0.59% | -1.47% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.61% | — |
Volatility
ANV vs. GPIX - Volatility Comparison
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Volatility by Period
| ANV | GPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.30% | 10.93% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.30% | 13.77% | -3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.30% | 13.77% | -3.47% |
ANV vs. GPIX - Expense Ratio Comparison
ANV has a 1.07% expense ratio, which is higher than GPIX's 0.29% expense ratio.
Dividends
ANV vs. GPIX - Dividend Comparison
ANV's dividend yield for the trailing twelve months is around 6.98%, less than GPIX's 8.17% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ANV GraniteShares Autocallable NVDA ETF | 6.98% | 0.00% | 0.00% | 0.00% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.17% | 8.01% | 7.45% | 1.40% |
Frequently Asked Questions
ANV and GPIX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
GPIX is cheaper with a 0.29% expense ratio, compared with 1.07% for ANV.
GPIX has the higher dividend yield at 8.17%, compared with 6.98% for ANV.
They also come from different issuers: GraniteShares and Goldman Sachs. Their fees differ too: 1.07% for ANV and 0.29% for GPIX.
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