AOR vs. GPIX
AOR (iShares Core 60/40 Balanced Allocation ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. AOR is passively managed, while GPIX is actively managed. Over the past year, AOR returned 19.38% vs 25.72% for GPIX. Their correlation of 0.90 suggests significant overlap in exposure. AOR charges 0.15%/yr vs 0.29%/yr for GPIX.
Performance
AOR vs. GPIX - Performance Comparison
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Returns By Period
In the year-to-date period, AOR achieves a 7.85% return, which is significantly lower than GPIX's 10.28% return.
AOR
- 1D
- 0.95%
- 1M
- 2.42%
- YTD
- 7.85%
- 6M
- 8.39%
- 1Y
- 19.38%
- 3Y*
- 13.65%
- 5Y*
- 7.09%
- 10Y*
- 8.58%
GPIX
- 1D
- 1.51%
- 1M
- 2.08%
- YTD
- 10.28%
- 6M
- 10.95%
- 1Y
- 25.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AOR vs. GPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 7.85% | 16.44% | 10.68% | 11.84% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 10.28% | 16.25% | 21.77% | 13.04% |
Correlation
The correlation between AOR and GPIX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.90 |
The correlation between AOR and GPIX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
AOR vs. GPIX — Risk / Return Rank
AOR
GPIX
AOR vs. GPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 60/40 Balanced Allocation ETF (AOR) 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.
| AOR | GPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.46 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 3.35 | -0.42 |
| Martin ratioReturn relative to average drawdown | 12.60 | 16.40 | -3.81 |
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Drawdowns
AOR vs. GPIX - Drawdown Comparison
The maximum AOR drawdown since its inception was -24.44%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for AOR and GPIX.
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Drawdown Indicators
| AOR | GPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.44% | -17.50% | -6.94% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -7.71% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -9.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.95% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.14% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -1.48% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.57% | -0.03% |
Volatility
AOR vs. GPIX - Volatility Comparison
The current volatility for iShares Core 60/40 Balanced Allocation ETF (AOR) is 3.61%, while Goldman Sachs S&P 500 Premium Income ETF (GPIX) has a volatility of 4.00%. This indicates that AOR experiences smaller price fluctuations and is considered to be less risky than GPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOR | GPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 4.00% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.37% | 8.63% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.84% | 10.69% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.63% | 13.88% | -3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 13.88% | -3.18% |
AOR vs. GPIX - Expense Ratio Comparison
AOR has a 0.15% expense ratio, which is lower than GPIX's 0.29% expense ratio.
Dividends
AOR vs. GPIX - Dividend Comparison
AOR's dividend yield for the trailing twelve months is around 2.46%, less than GPIX's 7.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.46% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 7.97% | 8.01% | 7.45% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, AOR and GPIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GPIX has higher volatility (4.00%) compared to AOR (3.61%). In terms of maximum drawdown, AOR dropped -24.44% vs GPIX's -17.50%.
On 1-year performance, GPIX leads with 25.72% vs 19.38% for AOR. On fees, AOR is cheaper at 0.15% per year. On volatility, AOR has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GPIX has performed better with a 25.72% return vs 19.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOR is cheaper with a 0.15% expense ratio, compared with 0.29% for GPIX.
GPIX has the higher dividend yield at 7.97%, compared with 2.46% for AOR.
AOR is categorized as Diversified Portfolio, while GPIX is Derivative Income. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.15% for AOR and 0.29% for GPIX.
GPIX currently has the higher Sharpe Ratio (2.42 vs 2.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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