GPIX vs. EUNY.DE
GPIX (Goldman Sachs S&P 500 Premium Income ETF) and EUNY.DE (iShares Emerging Markets Dividend UCITS ETF) are both exchange-traded funds - GPIX is a Derivative Income fund actively managed by Goldman Sachs, while EUNY.DE is a Emerging Markets Equities fund tracking the Dow Jones Emerging Markets Select Dividend. GPIX is actively managed, while EUNY.DE is passively managed. Over the past year, GPIX returned 22.98% vs 27.56% for EUNY.DE. At a 0.38 correlation, their price movements are largely independent. GPIX charges 0.29%/yr vs 0.65%/yr for EUNY.DE.
Performance
GPIX vs. EUNY.DE - Performance Comparison
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Different Trading Currencies
GPIX is traded in USD, while EUNY.DE is traded in EUR. To make them comparable, the EUNY.DE 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 lower than EUNY.DE's 10.16% return.
GPIX
- 1D
- 0.29%
- 1M
- 0.38%
- YTD
- 8.17%
- 6M
- 8.56%
- 1Y
- 22.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUNY.DE
- 1D
- -0.45%
- 1M
- -3.77%
- YTD
- 10.16%
- 6M
- 12.47%
- 1Y
- 27.56%
- 3Y*
- 20.45%
- 5Y*
- 4.30%
- 10Y*
- 7.38%
GPIX vs. EUNY.DE - 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% |
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 10.16% | 28.66% | 5.96% | 17.29% |
Correlation
The correlation between GPIX and EUNY.DE is 0.50, 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 | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.38 |
The correlation between GPIX and EUNY.DE shifts across timeframes, from 0.38 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GPIX vs. EUNY.DE — Risk / Return Rank
GPIX
EUNY.DE
GPIX vs. EUNY.DE - 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 Emerging Markets Dividend UCITS ETF (EUNY.DE). 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 | EUNY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.35 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 4.80 | -1.80 |
| Martin ratioReturn relative to average drawdown | 14.96 | 13.42 | +1.54 |
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 | EUNY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 2.06 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.25 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.71 | 0.18 | +1.53 |
Drawdowns
GPIX vs. EUNY.DE - Drawdown Comparison
The maximum GPIX drawdown since its inception was -17.50%, smaller than the maximum EUNY.DE drawdown of -48.41%. Use the drawdown chart below to compare losses from any high point for GPIX and EUNY.DE.
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Drawdown Indicators
| GPIX | EUNY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.50% | -48.41% | +30.91% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -5.73% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.81% | — |
Current DrawdownCurrent decline from peak | -2.06% | -3.96% | +1.90% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -15.76% | +14.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.05% | -0.51% |
Volatility
GPIX vs. EUNY.DE - Volatility Comparison
The current volatility for Goldman Sachs S&P 500 Premium Income ETF (GPIX) is 3.07%, while iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) has a volatility of 5.13%. This indicates that GPIX experiences smaller price fluctuations and is considered to be less risky than EUNY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPIX | EUNY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 5.13% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.22% | 11.02% | -2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.40% | 13.37% | -2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 17.37% | -3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.84% | 17.83% | -3.99% |
GPIX vs. EUNY.DE - Expense Ratio Comparison
GPIX has a 0.29% expense ratio, which is lower than EUNY.DE's 0.65% expense ratio.
Dividends
GPIX vs. EUNY.DE - Dividend Comparison
GPIX's dividend yield for the trailing twelve months is around 8.13%, more than EUNY.DE's 5.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 5.32% | 5.82% | 7.72% | 8.04% | 9.56% | 6.35% | 5.09% | 5.57% | 5.65% | 4.09% | 4.35% | 6.37% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
GPIX and EUNY.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GPIX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GPIX is cheaper with a 0.29% expense ratio, compared with 0.65% for EUNY.DE.
GPIX is categorized as Derivative Income, while EUNY.DE is Emerging Markets Equities. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.29% for GPIX and 0.65% for EUNY.DE.
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