CGDV vs. GPIX

Last updated Jun 13, 2026

CGDV (Capital Group Dividend Value ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - CGDV is a Large Cap Value Equities fund actively managed by Capital Group, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. Both are actively managed. Over the past year, CGDV returned 27.43% vs 22.76% for GPIX. Their correlation of 0.87 suggests significant overlap in exposure. CGDV charges 0.33%/yr vs 0.29%/yr for GPIX.

Performance

CGDV vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Dividend Value ETF (CGDV) 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, CGDV achieves a 11.55% return, which is significantly higher than GPIX's 8.64% return.

CGDV

• 1D: 0.66%
• 1M: 1.57%
• YTD: 11.55%
• 6M: 12.50%
• 1Y: 27.43%
• 3Y*: 24.15%
• 5Y*: —
• 10Y*: —

GPIX

• 1D: 0.55%
• 1M: 0.31%
• YTD: 8.64%
• 6M: 9.22%
• 1Y: 22.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CGDV vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CGDV Capital Group Dividend Value ETF	11.55%	25.50%	20.10%	15.45%
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.64%	16.25%	21.77%	13.04%

Correlation

The correlation between CGDV and GPIX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.87

The correlation between CGDV and GPIX has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

CGDV vs. GPIX - Sectors Allocation Comparison

Sectors	CGDV	GPIX
Technology	34.1%	35.5%
Industrials	13.2%	8.4%
Healthcare	11.5%	8.4%
Consumer Cyclical	10.6%	10.1%
Communication Services	8.4%	11.5%
Financial Services	6.8%	11.6%
Consumer Defensive	5.5%	4.9%
Energy	3.8%	3.5%
Basic Materials	2.9%	1.8%
Utilities	2.1%	2.4%
Real Estate	1.1%	2.0%

Return for Risk

CGDV vs. GPIX — Risk / Return Rank

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

CGDV

CGDV Risk / Return Rank: 78
CGDV Sharpe Ratio Rank: 82
CGDV Sortino Ratio Rank: 81
CGDV Omega Ratio Rank: 82
CGDV Calmar Ratio Rank: 65
CGDV Martin Ratio Rank: 79

GPIX

GPIX Risk / Return Rank: 77
GPIX Sharpe Ratio Rank: 78
GPIX Sortino Ratio Rank: 76
GPIX Omega Ratio Rank: 80
GPIX Calmar Ratio Rank: 68
GPIX Martin Ratio Rank: 83

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.

CGDV vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Dividend Value ETF (CGDV) 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.

	CGDV	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.27	2.15	+0.12
Sortino ratio: Return per unit of downside risk	3.11	2.94	+0.17
Omega ratio: Gain probability vs. loss probability	1.42	1.41	+0.01
Calmar ratio: Return relative to maximum drawdown	2.83	2.97	-0.14
Martin ratio: Return relative to average drawdown	13.19	14.51	-1.33

CGDV vs. GPIX - Sharpe Ratio Comparison

The current CGDV Sharpe Ratio is 2.27, which is comparable to the GPIX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of CGDV 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

CGDV vs. GPIX - Drawdown Comparison

The maximum CGDV drawdown since its inception was -21.82%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for CGDV and GPIX.

Drawdown Indicators

	CGDV	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-21.82%	-17.50%	-4.32%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-7.71%	-2.04%
Max Drawdown (3Y) Largest decline over 3 years	-14.28%	—	—
Current Drawdown Current decline from peak	-0.98%	-1.63%	+0.65%
Average Drawdown Average peak-to-trough decline	-3.60%	-1.49%	-2.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	1.57%	+0.52%

Volatility

CGDV vs. GPIX - Volatility Comparison

Capital Group Dividend Value ETF (CGDV) has a higher volatility of 4.52% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 3.77%. This indicates that CGDV'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.

Volatility by Period

	CGDV	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	3.77%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	9.80%	8.51%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	10.62%	+1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	13.86%	+1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.57%	13.86%	+1.71%

CGDV vs. GPIX - Expense Ratio Comparison

CGDV has a 0.33% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

CGDV vs. GPIX - Dividend Comparison

CGDV's dividend yield for the trailing twelve months is around 1.17%, less than GPIX's 8.09% yield.

Position	TTM	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	1.17%	1.29%	1.60%	1.65%	1.36%
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.09%	8.01%	7.45%	1.40%	0.00%

Frequently Asked Questions

Can I hold both CGDV and GPIX in my portfolio?

CGDV and GPIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGDV or GPIX?

CGDV has higher volatility (4.52%) compared to GPIX (3.77%). In terms of maximum drawdown, CGDV dropped -21.82% vs GPIX's -17.50%.

Which ETF is better, CGDV or GPIX?

On 1-year performance, CGDV leads with 27.43% vs 22.76% for GPIX. On fees, GPIX is cheaper at 0.29% per year. On volatility, GPIX has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGDV or GPIX?

Over the 1-year period, CGDV has performed better with a 27.43% return vs 22.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGDV or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.33% for CGDV.

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

GPIX has the higher dividend yield at 8.09%, compared with 1.17% for CGDV.

What is the main difference between CGDV and GPIX?

CGDV is categorized as Large Cap Value Equities, while GPIX is Derivative Income. They also come from different issuers: Capital Group and Goldman Sachs. Their fees differ too: 0.33% for CGDV and 0.29% for GPIX.

Which has better risk-adjusted returns?

CGDV currently has the higher Sharpe Ratio (2.27 vs 2.15), 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.