BINC vs. GPIX

Last updated Jun 16, 2026

BINC (iShares Flexible Income Active ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - BINC is a Multisector Bonds fund actively managed by iShares, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. Both are actively managed. Over the past year, BINC returned 5.90% vs 25.72% for GPIX. At a 0.43 correlation, their price movements are largely independent. BINC charges 0.40%/yr vs 0.29%/yr for GPIX.

Performance

BINC vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Flexible Income Active ETF (BINC) 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, BINC achieves a 1.29% return, which is significantly lower than GPIX's 10.28% return.

BINC

• 1D: 0.15%
• 1M: 0.92%
• YTD: 1.29%
• 6M: 1.78%
• 1Y: 5.90%
• 3Y*: 7.04%
• 5Y*: —
• 10Y*: —

GPIX

• 1D: 1.51%
• 1M: 2.08%
• YTD: 10.28%
• 6M: 10.95%
• 1Y: 25.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BINC vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BINC iShares Flexible Income Active ETF	1.29%	7.57%	5.76%	6.71%
GPIX Goldman Sachs S&P 500 Premium Income ETF	10.28%	16.25%	21.77%	13.04%

Correlation

The correlation between BINC and GPIX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.43

The correlation between BINC and GPIX has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.

Return for Risk

BINC vs. GPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BINC

BINC Risk / Return Rank: 74
BINC Sharpe Ratio Rank: 88
BINC Sortino Ratio Rank: 90
BINC Omega Ratio Rank: 90
BINC Calmar Ratio Rank: 49
BINC Martin Ratio Rank: 54

GPIX

GPIX Risk / Return Rank: 83
GPIX Sharpe Ratio Rank: 84
GPIX Sortino Ratio Rank: 84
GPIX Omega Ratio Rank: 86
GPIX Calmar Ratio Rank: 73
GPIX Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BINC vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Income Active ETF (BINC) 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.

	BINC	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.58	2.42	+0.16
Sortino ratio: Return per unit of downside risk	3.77	3.30	+0.48
Omega ratio: Gain probability vs. loss probability	1.52	1.46	+0.06
Calmar ratio: Return relative to maximum drawdown	2.20	3.35	-1.15
Martin ratio: Return relative to average drawdown	8.60	16.40	-7.80

BINC vs. GPIX - Sharpe Ratio Comparison

The current BINC Sharpe Ratio is 2.58, which is comparable to the GPIX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of BINC and GPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BINC vs. GPIX - Drawdown Comparison

The maximum BINC drawdown since its inception was -2.69%, smaller than the maximum GPIX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for BINC and GPIX.

Drawdown Indicators

	BINC	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-2.69%	-17.50%	+14.81%
Max Drawdown (1Y) Largest decline over 1 year	-2.69%	-7.71%	+5.02%
Max Drawdown (3Y) Largest decline over 3 years	-2.69%	—	—
Current Drawdown Current decline from peak	-0.10%	-0.14%	+0.04%
Average Drawdown Average peak-to-trough decline	-0.36%	-1.48%	+1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	1.57%	-0.88%

Volatility

BINC vs. GPIX - Volatility Comparison

The current volatility for iShares Flexible Income Active ETF (BINC) is 0.75%, while Goldman Sachs S&P 500 Premium Income ETF (GPIX) has a volatility of 4.00%. This indicates that BINC 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.

Volatility by Period

	BINC	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.75%	4.00%	-3.25%
Volatility (6M) Calculated over the trailing 6-month period	1.87%	8.63%	-6.76%
Volatility (1Y) Calculated over the trailing 1-year period	2.30%	10.69%	-8.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.99%	13.88%	-10.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.99%	13.88%	-10.89%

BINC vs. GPIX - Expense Ratio Comparison

BINC has a 0.40% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

BINC vs. GPIX - Dividend Comparison

BINC's dividend yield for the trailing twelve months is around 5.84%, less than GPIX's 7.97% yield.

Position	TTM	2025	2024	2023
BINC iShares Flexible Income Active ETF	5.84%	5.86%	6.14%	3.13%
GPIX Goldman Sachs S&P 500 Premium Income ETF	7.97%	8.01%	7.45%	1.40%

Frequently Asked Questions

Can I hold both BINC and GPIX in my portfolio?

BINC and GPIX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BINC or GPIX?

GPIX has higher volatility (4.00%) compared to BINC (0.75%). In terms of maximum drawdown, BINC dropped -2.69% vs GPIX's -17.50%.

Which ETF is better, BINC or GPIX?

On 1-year performance, GPIX leads with 25.72% vs 5.90% for BINC. On fees, GPIX is cheaper at 0.29% per year. On volatility, BINC has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BINC or GPIX?

Over the 1-year period, GPIX has performed better with a 25.72% return vs 5.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BINC or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.40% for BINC.

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

GPIX has the higher dividend yield at 7.97%, compared with 5.84% for BINC.

What is the main difference between BINC and GPIX?

BINC is categorized as Multisector Bonds, while GPIX is Derivative Income. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.40% for BINC and 0.29% for GPIX.

Which has better risk-adjusted returns?

BINC currently has the higher Sharpe Ratio (2.58 vs 2.42), 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.