Correlation
The correlation between BALL and GPIX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
BALL vs. GPIX
Compare and contrast key facts about Ball Corporation (BALL) and Goldman Sachs S&P 500 Core Premium Income ETF (GPIX).
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: BALL or GPIX.
Performance
BALL vs. GPIX - Performance Comparison
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Key characteristics
BALL:
-0.81
GPIX:
0.72
BALL:
-0.89
GPIX:
1.05
BALL:
0.88
GPIX:
1.16
BALL:
-0.38
GPIX:
0.70
BALL:
-1.06
GPIX:
2.79
BALL:
18.39%
GPIX:
4.36%
BALL:
26.28%
GPIX:
18.38%
BALL:
-55.08%
GPIX:
-17.50%
BALL:
-42.67%
GPIX:
-3.22%
Returns By Period
In the year-to-date period, BALL achieves a -2.44% return, which is significantly lower than GPIX's 0.81% return.
BALL
-2.44%
3.16%
-13.20%
-20.94%
-7.74%
-4.51%
5.22%
GPIX
0.81%
5.63%
-0.90%
13.22%
N/A
N/A
N/A
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Risk-Adjusted Performance
BALL vs. GPIX — Risk-Adjusted Performance Rank
BALL
GPIX
BALL vs. GPIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ball Corporation (BALL) 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.
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Dividends
BALL vs. GPIX - Dividend Comparison
BALL's dividend yield for the trailing twelve months is around 1.49%, less than GPIX's 8.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALL Ball Corporation | 1.49% | 1.45% | 1.39% | 1.56% | 0.73% | 0.64% | 0.85% | 0.87% | 0.96% | 0.69% | 0.71% | 0.76% |
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | 8.51% | 7.46% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BALL vs. GPIX - Drawdown Comparison
The maximum BALL drawdown since its inception was -55.08%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for BALL and GPIX.
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Volatility
BALL vs. GPIX - Volatility Comparison
Ball Corporation (BALL) has a higher volatility of 6.62% compared to Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) at 4.15%. This indicates that BALL'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.
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