DVY vs. GPIX

Last updated Jul 26, 2026

DVY (iShares Select Dividend ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - DVY is a Large Cap Value Equities fund tracking the Dow Jones U.S. Select Dividend Index, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. DVY is passively managed, while GPIX is actively managed. Over the past year, DVY returned 22.32% vs 17.54% for GPIX. Their 0.47 correlation means their historical movements had little consistent relationship. DVY charges 0.39%/yr vs 0.29%/yr for GPIX.

Performance

DVY vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Select Dividend ETF (DVY) 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, DVY achieves a 17.29% return, which is significantly higher than GPIX's 9.04% return.

DVY

• 1D: 1.31%
• 1M: 3.82%
• 6M: 11.93%
• YTD: 17.29%
• 1Y: 22.32%
• 3Y*: 15.86%
• 5Y*: 11.17%
• 10Y*: 10.35%
• ALL TIME*: 9.09%

GPIX

• 1D: 0.09%
• 1M: 1.01%
• 6M: 7.83%
• YTD: 9.04%
• 1Y: 17.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DVY iShares Select Dividend ETF	$86.69M	$71.80M	$68.36M
GPIX Goldman Sachs S&P 500 Premium Income ETF	$50.34M	$51.86M	$49.74M

DVY vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DVY iShares Select Dividend ETF	17.29%	11.60%	16.24%	13.32%
GPIX Goldman Sachs S&P 500 Premium Income ETF	9.04%	16.25%	21.77%	13.04%

Correlation

The correlation between DVY and GPIX is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.47

The correlation between DVY and GPIX shifts across timeframes, from 0.32 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

DVY vs. GPIX - Sectors Allocation Comparison

Sectors	DVY	GPIX
Financial Services	26.1%	11.9%
Utilities	24.2%	2.2%
Consumer Defensive	13.5%	4.7%
Consumer Cyclical	10.1%	9.5%
Energy	8.2%	3.0%
Communication Services	5.2%	9.5%
Healthcare	5.2%	8.9%
Technology	3.7%	38.5%
Industrials	2.1%	8.4%
Basic Materials	1.8%	1.7%
Real Estate	-	1.8%

Return for Risk

DVY vs. GPIX — Risk / Return Rank

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

DVY

DVY Risk / Return Rank: 86
DVY Sharpe Ratio Rank: 87
DVY Sortino Ratio Rank: 89
DVY Omega Ratio Rank: 82
DVY Calmar Ratio Rank: 85
DVY Martin Ratio Rank: 85

GPIX

GPIX Risk / Return Rank: 73
GPIX Sharpe Ratio Rank: 72
GPIX Sortino Ratio Rank: 71
GPIX Omega Ratio Rank: 73
GPIX Calmar Ratio Rank: 67
GPIX Martin Ratio Rank: 82

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.

DVY vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Select Dividend ETF (DVY) 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.

	DVY	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.64	+0.42
Sortino ratio: Return per unit of downside risk	3.04	2.30	+0.75
Omega ratio: Gain probability vs. loss probability	1.35	1.30	+0.05
Calmar ratio: Return relative to maximum drawdown	3.35	2.33	+1.01
Martin ratio: Return relative to average drawdown	11.83	11.09	+0.74

DVY vs. GPIX - Sharpe Ratio Comparison

The current DVY Sharpe Ratio is 2.06, which is comparable to the GPIX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of DVY 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

DVY vs. GPIX - Drawdown Comparison

The maximum DVY drawdown since its inception was -62.59%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for DVY and GPIX.

Drawdown Indicators

	DVY	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-62.59%	-17.50%	-45.09%
Max Drawdown (1Y) Largest decline over 1 year	-6.89%	-7.71%	+0.82%
Max Drawdown (3Y) Largest decline over 3 years	-16.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.59%	—	—
Current Drawdown Current decline from peak	0.00%	-1.65%	+1.65%
Average Drawdown Average peak-to-trough decline	-8.74%	-1.46%	-7.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	1.62%	+0.32%

Volatility

DVY vs. GPIX - Volatility Comparison

iShares Select Dividend ETF (DVY) has a higher volatility of 3.69% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 2.63%. This indicates that DVY'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

	DVY	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	2.63%	+1.06%
Volatility (6M) Calculated over the trailing 6-month period	7.72%	8.74%	-1.02%
Volatility (1Y) Calculated over the trailing 1-year period	11.22%	10.98%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.10%	13.75%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.01%	13.75%	+4.26%

DVY vs. GPIX - Expense Ratio Comparison

DVY has a 0.39% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

DVY vs. GPIX - Dividend Comparison

DVY's dividend yield for the trailing twelve months is around 3.23%, less than GPIX's 8.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVY iShares Select Dividend ETF	3.23%	3.65%	3.65%	3.82%	3.43%	3.12%	3.66%	3.41%	3.58%	3.00%	3.04%	3.45%
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.19%	8.01%	7.45%	1.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DVY and GPIX in my portfolio?

DVY and GPIX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVY or GPIX?

DVY has higher volatility (3.69%) compared to GPIX (2.63%). In terms of maximum drawdown, DVY dropped -62.59% vs GPIX's -17.50%.

Which ETF is better, DVY or GPIX?

On 1-year performance, DVY leads with 22.32% vs 17.54% for GPIX. On fees, GPIX is cheaper at 0.29% per year. On volatility, GPIX has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVY or GPIX?

Over the 1-year period, DVY has performed better with a 22.32% return vs 17.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVY or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.39% for DVY.

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

GPIX has the higher dividend yield at 8.19%, compared with 3.23% for DVY.

What is the main difference between DVY and GPIX?

DVY is categorized as Large Cap Value Equities, while GPIX is Derivative Income. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.39% for DVY and 0.29% for GPIX.

Which has better risk-adjusted returns?

DVY currently has the higher Sharpe Ratio (2.06 vs 1.64), 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.