BATS.L vs. GPIX
BATS.L (British American Tobacco plc) is a stock, while GPIX (Goldman Sachs S&P 500 Premium Income ETF) is Derivative Income fund actively managed by Goldman Sachs. Over the past year, BATS.L returned 34.97% vs 24.67% for GPIX. At a 0.06 correlation, their price movements are largely independent.
Performance
BATS.L vs. GPIX - Performance Comparison
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Different Trading Currencies
BATS.L is traded in GBp, while GPIX is traded in USD. To make them comparable, the GPIX values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, BATS.L achieves a 7.56% return, which is significantly lower than GPIX's 9.22% return.
BATS.L
- 1D
- 1.48%
- 1M
- 4.73%
- YTD
- 7.56%
- 6M
- 6.51%
- 1Y
- 34.97%
- 3Y*
- 29.92%
- 5Y*
- 18.46%
- 10Y*
- 7.31%
GPIX
- 1D
- 0.26%
- 1M
- 2.55%
- YTD
- 9.22%
- 6M
- 8.38%
- 1Y
- 24.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BATS.L vs. GPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BATS.L British American Tobacco plc | 7.56% | 56.35% | 37.24% | -4.25% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 9.22% | 7.96% | 23.90% | 8.07% |
Correlation
The correlation between BATS.L and GPIX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.06 |
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Return for Risk
BATS.L vs. GPIX — Risk / Return Rank
BATS.L
GPIX
BATS.L vs. GPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for British American Tobacco plc (BATS.L) 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.
| BATS.L | GPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.47 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 4.18 | -1.64 |
| Martin ratioReturn relative to average drawdown | 6.13 | 17.18 | -11.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BATS.L | GPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 2.42 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 1.36 | -0.95 |
Drawdowns
BATS.L vs. GPIX - Drawdown Comparison
The maximum BATS.L drawdown since its inception was -54.44%, which is greater than GPIX's maximum drawdown of -20.68%. Use the drawdown chart below to compare losses from any high point for BATS.L and GPIX.
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Drawdown Indicators
| BATS.L | GPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.44% | -20.68% | -33.76% |
Max Drawdown (1Y)Largest decline over 1 year | -13.70% | -5.92% | -7.78% |
Max Drawdown (3Y)Largest decline over 3 years | -14.78% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -54.44% | — | — |
Current DrawdownCurrent decline from peak | -9.94% | -1.30% | -8.64% |
Average DrawdownAverage peak-to-trough decline | -15.17% | -2.65% | -12.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 1.44% | +4.25% |
Volatility
BATS.L vs. GPIX - Volatility Comparison
British American Tobacco plc (BATS.L) has a higher volatility of 10.04% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 2.77%. This indicates that BATS.L'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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Volatility by Period
| BATS.L | GPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.04% | 2.77% | +7.27% |
Volatility (6M)Calculated over the trailing 6-month period | 18.26% | 7.50% | +10.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.75% | 10.25% | +12.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.57% | 14.15% | +6.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.92% | 14.15% | +9.77% |
Dividends
BATS.L vs. GPIX - Dividend Comparison
BATS.L's dividend yield for the trailing twelve months is around 5.40%, less than GPIX's 8.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BATS.L British American Tobacco plc | 5.40% | 5.70% | 8.18% | 10.06% | 6.64% | 7.89% | 7.77% | 6.28% | 7.81% | 4.35% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.13% | 8.01% | 7.45% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BATS.L and GPIX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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