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BALI vs. GPIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BALIGPIX
YTD Return24.88%22.65%
1Y Return32.97%31.53%
Sharpe Ratio3.263.02
Sortino Ratio4.344.07
Omega Ratio1.631.61
Calmar Ratio4.244.52
Martin Ratio19.5821.40
Ulcer Index1.68%1.47%
Daily Std Dev10.08%10.42%
Max Drawdown-7.74%-6.97%
Current Drawdown-0.17%-0.22%

Correlation

-0.50.00.51.00.9

The correlation between BALI and GPIX is 0.93, 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

BALI vs. GPIX - Performance Comparison

In the year-to-date period, BALI achieves a 24.88% return, which is significantly higher than GPIX's 22.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
12.48%
12.24%
BALI
GPIX

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BALI vs. GPIX - Expense Ratio Comparison

BALI has a 0.35% expense ratio, which is higher than GPIX's 0.29% expense ratio.


BALI
Blackrock Advantage Large Cap Income ETF
Expense ratio chart for BALI: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
Expense ratio chart for GPIX: current value at 0.29% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.29%

Risk-Adjusted Performance

BALI vs. GPIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Advantage Large Cap Income ETF (BALI) 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.


BALI
Sharpe ratio
The chart of Sharpe ratio for BALI, currently valued at 3.26, compared to the broader market-2.000.002.004.006.003.26
Sortino ratio
The chart of Sortino ratio for BALI, currently valued at 4.34, compared to the broader market-2.000.002.004.006.008.0010.0012.004.34
Omega ratio
The chart of Omega ratio for BALI, currently valued at 1.63, compared to the broader market1.001.502.002.503.001.63
Calmar ratio
The chart of Calmar ratio for BALI, currently valued at 4.24, compared to the broader market0.005.0010.0015.004.24
Martin ratio
The chart of Martin ratio for BALI, currently valued at 19.58, compared to the broader market0.0020.0040.0060.0080.00100.00120.0019.58
GPIX
Sharpe ratio
The chart of Sharpe ratio for GPIX, currently valued at 3.02, compared to the broader market-2.000.002.004.006.003.02
Sortino ratio
The chart of Sortino ratio for GPIX, currently valued at 4.07, compared to the broader market-2.000.002.004.006.008.0010.0012.004.07
Omega ratio
The chart of Omega ratio for GPIX, currently valued at 1.61, compared to the broader market1.001.502.002.503.001.61
Calmar ratio
The chart of Calmar ratio for GPIX, currently valued at 4.52, compared to the broader market0.005.0010.0015.004.52
Martin ratio
The chart of Martin ratio for GPIX, currently valued at 21.40, compared to the broader market0.0020.0040.0060.0080.00100.00120.0021.40

BALI vs. GPIX - Sharpe Ratio Comparison

The current BALI Sharpe Ratio is 3.26, which is comparable to the GPIX Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of BALI and GPIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.803.003.203.403.603.80Wed 30Thu 31NovemberSat 02Nov 03Mon 04Tue 05Wed 06Thu 07Fri 08Sat 09Nov 10Mon 11Tue 12
3.26
3.02
BALI
GPIX

Dividends

BALI vs. GPIX - Dividend Comparison

BALI's dividend yield for the trailing twelve months is around 6.68%, less than GPIX's 7.87% yield.


TTM2023
BALI
Blackrock Advantage Large Cap Income ETF
6.68%2.13%
GPIX
Goldman Sachs S&P 500 Core Premium Income ETF
7.87%1.40%

Drawdowns

BALI vs. GPIX - Drawdown Comparison

The maximum BALI drawdown since its inception was -7.74%, which is greater than GPIX's maximum drawdown of -6.97%. Use the drawdown chart below to compare losses from any high point for BALI and GPIX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.17%
-0.22%
BALI
GPIX

Volatility

BALI vs. GPIX - Volatility Comparison

Blackrock Advantage Large Cap Income ETF (BALI) has a higher volatility of 3.49% compared to Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) at 3.14%. This indicates that BALI'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.


1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.49%
3.14%
BALI
GPIX