GPIX vs. BATS.L
GPIX (Goldman Sachs S&P 500 Premium Income ETF) is Derivative Income fund actively managed by Goldman Sachs, while BATS.L (British American Tobacco plc) is a stock. Over the past year, GPIX returned 22.98% vs 33.10% for BATS.L. At a 0.06 correlation, their price movements are largely independent.
Performance
GPIX vs. BATS.L - Performance Comparison
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Different Trading Currencies
GPIX is traded in USD, while BATS.L is traded in GBp. To make them comparable, the BATS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GPIX achieves a 8.17% return, which is significantly higher than BATS.L's 6.61% return.
GPIX
- 1D
- 0.29%
- 1M
- 0.38%
- YTD
- 8.17%
- 6M
- 8.56%
- 1Y
- 22.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BATS.L
- 1D
- 1.53%
- 1M
- 2.50%
- YTD
- 6.61%
- 6M
- 6.64%
- 1Y
- 33.10%
- 3Y*
- 32.48%
- 5Y*
- 17.13%
- 10Y*
- 6.61%
GPIX vs. BATS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.17% | 16.25% | 21.77% | 13.45% |
BATS.L British American Tobacco plc | 6.61% | 68.15% | 34.95% | 0.46% |
Correlation
The correlation between GPIX and BATS.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.06 |
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Return for Risk
GPIX vs. BATS.L — Risk / Return Rank
GPIX
BATS.L
GPIX vs. BATS.L - 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 British American Tobacco plc (BATS.L). 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.
| GPIX | BATS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.24 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 2.36 | +0.64 |
| Martin ratioReturn relative to average drawdown | 14.96 | 5.67 | +9.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GPIX | BATS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 1.44 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.79 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.71 | 0.26 | +1.45 |
Drawdowns
GPIX vs. BATS.L - Drawdown Comparison
The maximum GPIX drawdown since its inception was -17.50%, smaller than the maximum BATS.L drawdown of -56.29%. Use the drawdown chart below to compare losses from any high point for GPIX and BATS.L.
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Drawdown Indicators
| GPIX | BATS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.50% | -56.29% | +38.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -13.98% | +6.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.29% | — |
Current DrawdownCurrent decline from peak | -2.06% | -10.37% | +8.31% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -17.59% | +16.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 5.82% | -4.28% |
Volatility
GPIX vs. BATS.L - Volatility Comparison
The current volatility for Goldman Sachs S&P 500 Premium Income ETF (GPIX) is 3.07%, while British American Tobacco plc (BATS.L) has a volatility of 9.64%. This indicates that GPIX experiences smaller price fluctuations and is considered to be less risky than BATS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPIX | BATS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 9.64% | -6.57% |
Volatility (6M)Calculated over the trailing 6-month period | 8.22% | 18.51% | -10.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.40% | 22.90% | -12.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 21.79% | -7.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.84% | 24.86% | -11.02% |
Dividends
GPIX vs. BATS.L - Dividend Comparison
GPIX's dividend yield for the trailing twelve months is around 8.13%, more than BATS.L's 5.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BATS.L British American Tobacco plc | 5.40% | 5.70% | 8.18% | 10.06% | 6.64% | 7.89% | 7.77% | 6.28% | 7.81% | 4.35% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.13% | 8.01% | 7.45% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GPIX and BATS.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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