GIGL vs. GPIX
GIGL (Goldman Sachs Corporate Bond ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - GIGL is a Corporate Bonds fund managed by Goldman Sachs, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. Over the past year, GIGL returned 4.94% vs 20.94% for GPIX. At a 0.42 correlation, their price movements are largely independent. Both charge a 0.29% expense ratio.
Performance
GIGL vs. GPIX - Performance Comparison
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Returns By Period
In the year-to-date period, GIGL achieves a 1.13% return, which is significantly lower than GPIX's 7.95% return.
GIGL
- 1D
- 0.06%
- 1M
- 1.03%
- YTD
- 1.13%
- 6M
- 0.93%
- 1Y
- 4.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GPIX
- 1D
- 0.04%
- 1M
- -1.33%
- YTD
- 7.95%
- 6M
- 6.98%
- 1Y
- 20.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GIGL vs. GPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GIGL Goldman Sachs Corporate Bond ETF | 1.13% | 3.76% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 7.95% | 12.03% |
Correlation
The correlation between GIGL and GPIX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.42 |
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Return for Risk
GIGL vs. GPIX — Risk / Return Rank
GIGL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GPIX
GIGL vs. GPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Corporate Bond ETF (GIGL) 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.
| GIGL | GPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.73 | — |
| Martin ratioReturn relative to average drawdown | — | 13.16 | — |
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Drawdowns
GIGL vs. GPIX - Drawdown Comparison
The maximum GIGL drawdown since its inception was -3.13%, smaller than the maximum GPIX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for GIGL and GPIX.
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Drawdown Indicators
| GIGL | GPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.13% | -17.50% | +14.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -7.71% | +4.58% |
Current DrawdownCurrent decline from peak | -0.39% | -2.25% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -1.48% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.60% | — |
Volatility
GIGL vs. GPIX - Volatility Comparison
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Volatility by Period
| GIGL | GPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.20% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.70% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 10.77% | -6.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.17% | 13.87% | -9.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.17% | 13.87% | -9.70% |
GIGL vs. GPIX - Expense Ratio Comparison
Both GIGL and GPIX have an expense ratio of 0.29%.
Dividends
GIGL vs. GPIX - Dividend Comparison
GIGL's dividend yield for the trailing twelve months is around 3.75%, less than GPIX's 8.14% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GIGL Goldman Sachs Corporate Bond ETF | 3.75% | 2.12% | 0.00% | 0.00% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.14% | 8.01% | 7.45% | 1.40% |
Frequently Asked Questions
GIGL and GPIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, GPIX leads with 20.94% vs 4.94% for GIGL. Both ETFs have the same 0.29% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GPIX has performed better with a 20.94% return vs 4.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GIGL and GPIX have the same expense ratio: 0.29% per year.
GPIX has the higher dividend yield at 8.14%, compared with 3.75% for GIGL.
GIGL is categorized as Corporate Bonds, while GPIX is Derivative Income.
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