GLDW vs. GPIX
GLDW (Roundhill Gold WeeklyPay ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. GLDW charges 0.99%/yr vs 0.29%/yr for GPIX.
Performance
GLDW vs. GPIX - Performance Comparison
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Returns By Period
In the year-to-date period, GLDW achieves a 1.00% return, which is significantly lower than GPIX's 9.91% return.
GLDW
- 1D
- -1.20%
- 1M
- -2.48%
- YTD
- 1.00%
- 6M
- 3.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GPIX
- 1D
- -0.48%
- 1M
- 4.27%
- YTD
- 9.91%
- 6M
- 10.34%
- 1Y
- 25.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDW vs. GPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 1.00% | 7.63% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 9.91% | 1.24% |
Correlation
The correlation between GLDW and GPIX is 0.34, 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 Oct 31, 2025 | 0.34 |
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Return for Risk
GLDW vs. GPIX — Risk / Return Rank
GLDW
GPIX
GLDW vs. GPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) 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.
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Sharpe Ratios by Period
| GLDW | GPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 1.78 | -1.37 |
Drawdowns
GLDW vs. GPIX - Drawdown Comparison
The maximum GLDW drawdown since its inception was -23.59%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for GLDW and GPIX.
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Drawdown Indicators
| GLDW | GPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.59% | -17.50% | -6.09% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.71% | — |
Current DrawdownCurrent decline from peak | -22.51% | -0.48% | -22.03% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -1.48% | -7.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.53% | — |
Volatility
GLDW vs. GPIX - Volatility Comparison
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Volatility by Period
| GLDW | GPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.90% | 10.17% | +26.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.90% | 13.80% | +23.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.90% | 13.80% | +23.10% |
GLDW vs. GPIX - Expense Ratio Comparison
GLDW has a 0.99% expense ratio, which is higher than GPIX's 0.29% expense ratio.
Dividends
GLDW vs. GPIX - Dividend Comparison
GLDW's dividend yield for the trailing twelve months is around 19.48%, more than GPIX's 8.00% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 19.48% | 3.75% | 0.00% | 0.00% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.00% | 8.01% | 7.45% | 1.40% |
Frequently Asked Questions
GLDW and GPIX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GPIX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GPIX is cheaper with a 0.29% expense ratio, compared with 0.99% for GLDW.
GLDW has the higher dividend yield at 19.48%, compared with 8.00% for GPIX.
They also come from different issuers: State Street and Goldman Sachs. Their fees differ too: 0.99% for GLDW and 0.29% for GPIX.
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