BABW vs. GPIX

Last updated Aug 5, 2026

BABW (Roundhill BABA WeeklyPay ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both Derivative Income funds. Both are actively managed. Their 0.43 correlation means their historical movements had little consistent relationship. BABW charges 0.99%/yr vs 0.29%/yr for GPIX.

Performance

BABW vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill BABA WeeklyPay ETF (BABW) 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, BABW achieves a -16.68% return, which is significantly lower than GPIX's 12.72% return.

BABW

• 1D: 1.55%
• 1M: 40.41%
• 6M: -26.50%
• YTD: -16.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

GPIX

• 1D: 1.15%
• 1M: 2.89%
• 6M: 11.30%
• YTD: 12.72%
• 1Y: 22.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.70%

*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)
BABW Roundhill BABA WeeklyPay ETF	$110.31K	$74.82K	$59.98K
GPIX Goldman Sachs S&P 500 Premium Income ETF	$59.81M	$54.59M	$52.47M

BABW vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025
BABW Roundhill BABA WeeklyPay ETF	-16.68%	-16.98%
GPIX Goldman Sachs S&P 500 Premium Income ETF	12.72%	2.73%

Correlation

The correlation between BABW and GPIX is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.43

Return for Risk

BABW vs. GPIX — Risk / Return Rank

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

BABW

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

GPIX

GPIX Risk / Return Rank: 79
GPIX Sharpe Ratio Rank: 79
GPIX Sortino Ratio Rank: 77
GPIX Omega Ratio Rank: 80
GPIX Calmar Ratio Rank: 74
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.

BABW vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill BABA WeeklyPay ETF (BABW) 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.

	BABW	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.01	—
Sortino ratio: Return per unit of downside risk	—	2.79	—
Omega ratio: Gain probability vs. loss probability	—	1.37	—
Calmar ratio: Return relative to maximum drawdown	—	2.90	—
Martin ratio: Return relative to average drawdown	—	13.68	—

Drawdowns

BABW vs. GPIX - Drawdown Comparison

The maximum BABW drawdown since its inception was -54.76%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for BABW and GPIX.

Drawdown Indicators

	BABW	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-54.76%	-17.50%	-37.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.71%	—
Current Drawdown Current decline from peak	-35.40%	0.00%	-35.40%
Average Drawdown Average peak-to-trough decline	-27.02%	-1.46%	-25.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.63%	—

Volatility

Volatility by Period

	BABW	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	50.46%	11.16%	+39.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.46%	13.77%	+36.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.46%	13.77%	+36.69%

BABW vs. GPIX - Expense Ratio Comparison

BABW has a 0.99% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

BABW vs. GPIX - Dividend Comparison

BABW's dividend yield for the trailing twelve months is around 45.79%, more than GPIX's 8.04% yield.

Position	TTM	2025	2024	2023
BABW Roundhill BABA WeeklyPay ETF	45.79%	10.68%	0.00%	0.00%
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.04%	8.01%	7.45%	1.40%

Frequently Asked Questions

Can I hold both BABW and GPIX in my portfolio?

BABW and GPIX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BABW 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, BABW or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.99% for BABW.

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

BABW has the higher dividend yield at 45.79%, compared with 8.04% for GPIX.

What is the main difference between BABW and GPIX?

They also come from different issuers: Roundhill and Goldman Sachs. Their fees differ too: 0.99% for BABW and 0.29% for GPIX.