GIGL vs. GPIX

Last updated Jun 5, 2026

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. At a 0.43 correlation, their price movements are largely independent. Both charge a 0.29% expense ratio.

Performance

GIGL vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Corporate Bond ETF (GIGL) 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, GIGL achieves a 0.46% return, which is significantly lower than GPIX's 10.24% return.

GIGL

• 1D: 0.14%
• 1M: 0.51%
• YTD: 0.46%
• 6M: 0.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIX

• 1D: 0.31%
• 1M: 3.92%
• YTD: 10.24%
• 6M: 10.60%
• 1Y: 25.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GIGL vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025
GIGL Goldman Sachs Corporate Bond ETF	0.46%	3.76%
GPIX Goldman Sachs S&P 500 Premium Income ETF	10.24%	11.38%

Correlation

The correlation between GIGL and GPIX is 0.43, 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 27, 2025	0.43

Return for Risk

GIGL vs. GPIX — Risk / Return Rank

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

GPIX

GPIX Risk / Return Rank: 79
GPIX Sharpe Ratio Rank: 80
GPIX Sortino Ratio Rank: 80
GPIX Omega Ratio Rank: 82
GPIX Calmar Ratio Rank: 69
GPIX Martin Ratio Rank: 84

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.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GIGL	GPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	1.79	-0.70

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.

Drawdown Indicators

	GIGL	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-3.13%	-17.50%	+14.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.71%	—
Current Drawdown Current decline from peak	-1.05%	-0.18%	-0.87%
Average Drawdown Average peak-to-trough decline	-0.71%	-1.48%	+0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.53%	—

Volatility

Volatility by Period

	GIGL	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.16%	10.17%	-6.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.16%	13.79%	-9.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.16%	13.79%	-9.63%

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 3.78%, less than GPIX's 7.97% yield.

Position	TTM	2025	2024	2023
GIGL Goldman Sachs Corporate Bond ETF	3.78%	2.12%	0.00%	0.00%
GPIX Goldman Sachs S&P 500 Premium Income ETF	7.97%	8.01%	7.45%	1.40%

Frequently Asked Questions

Can I hold both GIGL and GPIX in my portfolio?

GIGL and GPIX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GIGL or GPIX?

Both ETFs have the same 0.29% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GIGL or GPIX?

GIGL and GPIX have the same expense ratio: 0.29% per year.

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

GPIX has the higher dividend yield at 7.97%, compared with 3.78% for GIGL.

What is the main difference between GIGL and GPIX?

GIGL is categorized as Corporate Bonds, while GPIX is Derivative Income.