GPIX vs. AVAV
GPIX (Goldman Sachs S&P 500 Premium Income ETF) is Derivative Income fund actively managed by Goldman Sachs, while AVAV (AeroVironment, Inc.) is a stock. Over the past year, GPIX returned 23.85% vs -12.57% for AVAV. At a 0.38 correlation, their price movements are largely independent.
Performance
GPIX vs. AVAV - 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 AVAV's -29.48% return.
GPIX
- 1D
- 0.55%
- 1M
- 0.57%
- YTD
- 8.64%
- 6M
- 9.22%
- 1Y
- 23.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVAV
- 1D
- -7.14%
- 1M
- 7.96%
- YTD
- -29.48%
- 6M
- -28.63%
- 1Y
- -12.57%
- 3Y*
- 20.96%
- 5Y*
- 8.68%
- 10Y*
- 18.47%
GPIX vs. AVAV - 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% |
AVAV AeroVironment, Inc. | -29.48% | 57.18% | 22.10% | 4.25% |
Correlation
The correlation between GPIX and AVAV is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.38 |
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Return for Risk
GPIX vs. AVAV — Risk / Return Rank
GPIX
AVAV
GPIX vs. AVAV - 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 AeroVironment, Inc. (AVAV). 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 | AVAV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.04 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | -0.17 | +3.13 |
| Martin ratioReturn relative to average drawdown | 14.51 | -0.30 | +14.81 |
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Drawdowns
GPIX vs. AVAV - Drawdown Comparison
The maximum GPIX drawdown since its inception was -17.50%, smaller than the maximum AVAV drawdown of -61.45%. Use the drawdown chart below to compare losses from any high point for GPIX and AVAV.
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Drawdown Indicators
| GPIX | AVAV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.50% | -61.45% | +43.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -61.45% | +53.74% |
Max Drawdown (3Y)Largest decline over 3 years | — | -61.45% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -61.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.45% | — |
Current DrawdownCurrent decline from peak | -1.63% | -58.38% | +56.75% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -28.71% | +27.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 34.44% | -32.87% |
Volatility
GPIX vs. AVAV - Volatility Comparison
The current volatility for Goldman Sachs S&P 500 Premium Income ETF (GPIX) is 3.77%, while AeroVironment, Inc. (AVAV) has a volatility of 26.86%. This indicates that GPIX experiences smaller price fluctuations and is considered to be less risky than AVAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPIX | AVAV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 26.86% | -23.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 57.90% | -49.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 74.35% | -63.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.86% | 56.01% | -42.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.86% | 52.05% | -38.19% |
Dividends
GPIX vs. AVAV - Dividend Comparison
GPIX's dividend yield for the trailing twelve months is around 8.09%, while AVAV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AVAV AeroVironment, 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 AVAV 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.
AVAV has higher volatility (26.86%) compared to GPIX (3.77%). In terms of maximum drawdown, GPIX dropped -17.50% vs AVAV's -61.45%.
GPIX currently has the higher Sharpe Ratio (2.15 vs -0.14), 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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