GPIX vs. AOR
GPIX (Goldman Sachs S&P 500 Premium Income ETF) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both exchange-traded funds - GPIX is a Derivative Income fund actively managed by Goldman Sachs, while AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index. GPIX is actively managed, while AOR is passively managed. Over the past year, GPIX returned 25.72% vs 19.38% for AOR. Their correlation of 0.90 suggests significant overlap in exposure. GPIX charges 0.29%/yr vs 0.15%/yr for AOR.
Performance
GPIX vs. AOR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GPIX achieves a 10.28% return, which is significantly higher than AOR's 7.85% return.
GPIX
- 1D
- 1.51%
- 1M
- 2.08%
- YTD
- 10.28%
- 6M
- 10.95%
- 1Y
- 25.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AOR
- 1D
- 0.95%
- 1M
- 2.42%
- YTD
- 7.85%
- 6M
- 8.39%
- 1Y
- 19.38%
- 3Y*
- 13.65%
- 5Y*
- 7.09%
- 10Y*
- 8.58%
GPIX vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 10.28% | 16.25% | 21.77% | 13.04% |
AOR iShares Core 60/40 Balanced Allocation ETF | 7.85% | 16.44% | 10.68% | 11.84% |
Correlation
The correlation between GPIX and AOR is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.90 |
The correlation between GPIX and AOR has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GPIX vs. AOR — Risk / Return Rank
GPIX
AOR
GPIX vs. AOR - 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 iShares Core 60/40 Balanced Allocation ETF (AOR). 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 | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.42 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 2.93 | +0.42 |
| Martin ratioReturn relative to average drawdown | 16.40 | 12.60 | +3.81 |
Loading charts...
Drawdowns
GPIX vs. AOR - Drawdown Comparison
The maximum GPIX drawdown since its inception was -17.50%, smaller than the maximum AOR drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for GPIX and AOR.
Loading charts...
Drawdown Indicators
| GPIX | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.50% | -24.44% | +6.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -6.64% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.95% | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.10% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -3.47% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.54% | +0.03% |
Volatility
GPIX vs. AOR - Volatility Comparison
Goldman Sachs S&P 500 Premium Income ETF (GPIX) has a higher volatility of 4.00% compared to iShares Core 60/40 Balanced Allocation ETF (AOR) at 3.61%. This indicates that GPIX's price experiences larger fluctuations and is considered to be riskier than AOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GPIX | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 3.61% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 7.37% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 8.84% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 10.63% | +3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.88% | 10.70% | +3.18% |
GPIX vs. AOR - Expense Ratio Comparison
GPIX has a 0.29% expense ratio, which is higher than AOR's 0.15% expense ratio.
Dividends
GPIX vs. AOR - Dividend Comparison
GPIX's dividend yield for the trailing twelve months is around 7.97%, more than AOR's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.46% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 7.97% | 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
With a correlation of 0.93, GPIX and AOR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GPIX has higher volatility (4.00%) compared to AOR (3.61%). In terms of maximum drawdown, GPIX dropped -17.50% vs AOR's -24.44%.
On 1-year performance, GPIX leads with 25.72% vs 19.38% for AOR. On fees, AOR is cheaper at 0.15% per year. On volatility, AOR has been the lower-risk option at 3.61%. 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 25.72% return vs 19.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOR is cheaper with a 0.15% expense ratio, compared with 0.29% for GPIX.
GPIX has the higher dividend yield at 7.97%, compared with 2.46% for AOR.
GPIX is categorized as Derivative Income, while AOR is Diversified Portfolio. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.29% for GPIX and 0.15% for AOR.
GPIX currently has the higher Sharpe Ratio (2.42 vs 2.21), 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.
Find the right allocation for GPIX and AOR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer