GPIX vs. AVUV

Last updated Jun 16, 2026

GPIX (Goldman Sachs S&P 500 Premium Income ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - GPIX is a Derivative Income fund actively managed by Goldman Sachs, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. Both are actively managed. Over the past year, GPIX returned 25.72% vs 40.75% for AVUV. A 0.66 correlation means they provide meaningful diversification when combined. GPIX charges 0.29%/yr vs 0.25%/yr for AVUV.

Performance

GPIX vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs S&P 500 Premium Income ETF (GPIX) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPIX achieves a 10.28% return, which is significantly lower than AVUV's 21.54% return.

GPIX

• 1D: 1.51%
• 1M: 2.08%
• YTD: 10.28%
• 6M: 10.95%
• 1Y: 25.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVUV

• 1D: -0.96%
• 1M: 5.44%
• YTD: 21.54%
• 6M: 18.43%
• 1Y: 40.75%
• 3Y*: 19.22%
• 5Y*: 11.59%
• 10Y*: —

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

GPIX vs. AVUV - 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%
AVUV Avantis US Small Cap Value ETF	21.54%	7.44%	9.28%	22.59%

Correlation

The correlation between GPIX and AVUV is 0.63, 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	0.63
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.66

The correlation between GPIX and AVUV has been stable across timeframes, ranging from 0.63 to 0.66 - a consistent structural relationship.

GPIX vs. AVUV - Sectors Allocation Comparison

Sectors	GPIX	AVUV
Technology	39.2%	7.4%
Financial Services	10.9%	26.1%
Communication Services	10.7%	3.1%
Consumer Cyclical	10.1%	18.7%
Healthcare	8.3%	4.8%
Industrials	7.7%	13.6%
Consumer Defensive	4.4%	4.7%
Energy	3.2%	15.8%
Utilities	2.2%	0.1%
Real Estate	1.8%	0.7%
Basic Materials	1.7%	5.1%

Return for Risk

GPIX vs. AVUV — Risk / Return Rank

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

GPIX

GPIX Risk / Return Rank: 83
GPIX Sharpe Ratio Rank: 84
GPIX Sortino Ratio Rank: 84
GPIX Omega Ratio Rank: 86
GPIX Calmar Ratio Rank: 73
GPIX Martin Ratio Rank: 86

AVUV

AVUV Risk / Return Rank: 83
AVUV Sharpe Ratio Rank: 82
AVUV Sortino Ratio Rank: 84
AVUV Omega Ratio Rank: 77
AVUV Calmar Ratio Rank: 91
AVUV 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.

GPIX vs. AVUV - 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 Avantis US Small Cap Value ETF (AVUV). 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	AVUV	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.33	+0.09
Sortino ratio: Return per unit of downside risk	3.30	3.30	0.00
Omega ratio: Gain probability vs. loss probability	1.46	1.40	+0.06
Calmar ratio: Return relative to maximum drawdown	3.35	5.15	-1.80
Martin ratio: Return relative to average drawdown	16.40	15.34	+1.07

GPIX vs. AVUV - Sharpe Ratio Comparison

The current GPIX Sharpe Ratio is 2.42, which is comparable to the AVUV Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of GPIX and AVUV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GPIX vs. AVUV - Drawdown Comparison

The maximum GPIX drawdown since its inception was -17.50%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for GPIX and AVUV.

Drawdown Indicators

	GPIX	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-17.50%	-49.42%	+31.92%
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	-7.95%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.79%	—
Current Drawdown Current decline from peak	-0.14%	-0.96%	+0.82%
Average Drawdown Average peak-to-trough decline	-1.48%	-7.91%	+6.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	2.66%	-1.09%

Volatility

GPIX vs. AVUV - Volatility Comparison

The current volatility for Goldman Sachs S&P 500 Premium Income ETF (GPIX) is 4.00%, while Avantis US Small Cap Value ETF (AVUV) has a volatility of 4.66%. This indicates that GPIX experiences smaller price fluctuations and is considered to be less risky than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPIX	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	4.66%	-0.66%
Volatility (6M) Calculated over the trailing 6-month period	8.63%	11.37%	-2.74%
Volatility (1Y) Calculated over the trailing 1-year period	10.69%	17.62%	-6.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.88%	22.75%	-8.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.88%	28.25%	-14.37%

GPIX vs. AVUV - Expense Ratio Comparison

GPIX has a 0.29% expense ratio, which is higher than AVUV's 0.25% expense ratio.

Dividends

GPIX vs. AVUV - Dividend Comparison

GPIX's dividend yield for the trailing twelve months is around 7.97%, more than AVUV's 1.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVUV Avantis US Small Cap Value ETF	1.62%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%
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%

Frequently Asked Questions

Can I hold both GPIX and AVUV in my portfolio?

GPIX and AVUV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPIX or AVUV?

AVUV has higher volatility (4.66%) compared to GPIX (4.00%). In terms of maximum drawdown, GPIX dropped -17.50% vs AVUV's -49.42%.

Which ETF is better, GPIX or AVUV?

On 1-year performance, AVUV leads with 40.75% vs 25.72% for GPIX. On fees, AVUV is cheaper at 0.25% per year. On volatility, GPIX has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GPIX or AVUV?

Over the 1-year period, AVUV has performed better with a 40.75% return vs 25.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GPIX or AVUV?

AVUV is cheaper with a 0.25% expense ratio, compared with 0.29% for GPIX.

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

GPIX has the higher dividend yield at 7.97%, compared with 1.62% for AVUV.

What is the main difference between GPIX and AVUV?

GPIX is categorized as Derivative Income, while AVUV is Small Cap Value Equities. They also come from different issuers: Goldman Sachs and Avantis. Their fees differ too: 0.29% for GPIX and 0.25% for AVUV.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (2.42 vs 2.33), 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.