GPIX vs. ACHR
GPIX (Goldman Sachs S&P 500 Premium Income ETF) is Derivative Income fund actively managed by Goldman Sachs, while ACHR (Archer Aviation Inc.) is a stock. Over the past year, GPIX returned 23.85% vs -49.15% for ACHR. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
GPIX vs. ACHR - Performance Comparison
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Returns By Period
In the year-to-date period, GPIX achieves a 8.64% return, which is significantly higher than ACHR's -32.45% return.
GPIX
- 1D
- 0.55%
- 1M
- 0.57%
- YTD
- 8.64%
- 6M
- 9.22%
- 1Y
- 23.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ACHR
- 1D
- -4.15%
- 1M
- -16.03%
- YTD
- -32.45%
- 6M
- -38.80%
- 1Y
- -49.15%
- 3Y*
- 4.91%
- 5Y*
- -12.65%
- 10Y*
- —
GPIX vs. ACHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.64% | 16.25% | 21.77% | 13.04% |
ACHR Archer Aviation Inc. | -32.45% | -22.87% | 58.79% | 34.95% |
Correlation
The correlation between GPIX and ACHR is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.50 |
The correlation between GPIX and ACHR has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.
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Return for Risk
GPIX vs. ACHR — Risk / Return Rank
GPIX
ACHR
GPIX vs. ACHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs S&P 500 Premium Income ETF (GPIX) and Archer Aviation Inc. (ACHR). 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.
| GPIX | ACHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.96 | ||
| Sortino ratioReturn per unit of downside risk | +4.09 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.87 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | -0.89 | +3.86 |
| Martin ratioReturn relative to average drawdown | 14.51 | -1.39 | +15.90 |
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Drawdowns
GPIX vs. ACHR - Drawdown Comparison
The maximum GPIX drawdown since its inception was -17.50%, smaller than the maximum ACHR drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for GPIX and ACHR.
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Drawdown Indicators
| GPIX | ACHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.50% | -90.49% | +72.99% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -63.78% | +56.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -63.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.00% | — |
Current DrawdownCurrent decline from peak | -1.63% | -70.36% | +68.73% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -62.48% | +60.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 41.04% | -39.47% |
Volatility
GPIX vs. ACHR - Volatility Comparison
The current volatility for Goldman Sachs S&P 500 Premium Income ETF (GPIX) is 3.77%, while Archer Aviation Inc. (ACHR) has a volatility of 21.42%. This indicates that GPIX experiences smaller price fluctuations and is considered to be less risky than ACHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPIX | ACHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 21.42% | -17.65% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 44.68% | -36.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 70.77% | -60.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.86% | 84.32% | -70.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.86% | 82.16% | -68.30% |
Dividends
GPIX vs. ACHR - Dividend Comparison
GPIX's dividend yield for the trailing twelve months is around 8.09%, while ACHR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ACHR Archer Aviation Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.09% | 8.01% | 7.45% | 1.40% |
Frequently Asked Questions
GPIX and ACHR have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACHR has higher volatility (21.42%) compared to GPIX (3.77%). In terms of maximum drawdown, GPIX dropped -17.50% vs ACHR's -90.49%.
GPIX currently has the higher Sharpe Ratio (2.15 vs -0.80), 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.
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