GPIX vs. DGRO
Compare and contrast key facts about Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) and iShares Core Dividend Growth ETF (DGRO).
GPIX and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GPIX is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GPIX or DGRO.
Key characteristics
| GPIX | DGRO | |
|---|---|---|
| YTD Return | 22.92% | 21.31% |
| 1Y Return | 31.79% | 32.30% |
| Sharpe Ratio | 3.20 | 3.49 |
| Sortino Ratio | 4.29 | 4.93 |
| Omega Ratio | 1.65 | 1.66 |
| Calmar Ratio | 4.81 | 4.39 |
| Martin Ratio | 22.78 | 23.49 |
| Ulcer Index | 1.47% | 1.44% |
| Daily Std Dev | 10.43% | 9.66% |
| Max Drawdown | -6.97% | -35.10% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between GPIX and DGRO is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GPIX vs. DGRO - Performance Comparison
In the year-to-date period, GPIX achieves a 22.92% return, which is significantly higher than DGRO's 21.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GPIX vs. DGRO - Expense Ratio Comparison
GPIX has a 0.29% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Risk-Adjusted Performance
GPIX vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) and iShares Core Dividend Growth ETF (DGRO). 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.
Dividends
GPIX vs. DGRO - Dividend Comparison
GPIX's dividend yield for the trailing twelve months is around 7.85%, more than DGRO's 2.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | 7.85% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DGRO iShares Core Dividend Growth ETF | 2.15% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% |
Drawdowns
GPIX vs. DGRO - Drawdown Comparison
The maximum GPIX drawdown since its inception was -6.97%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for GPIX and DGRO. For additional features, visit the drawdowns tool.
Volatility
GPIX vs. DGRO - Volatility Comparison
Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) and iShares Core Dividend Growth ETF (DGRO) have volatilities of 3.15% and 3.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.