GPIX vs. FSCO
GPIX (Goldman Sachs S&P 500 Premium Income ETF) is Derivative Income fund actively managed by Goldman Sachs, while FSCO (FS Credit Opportunities Corp.) is a stock. Over the past year, GPIX returned 22.76% vs -24.79% for FSCO. At a 0.26 correlation, their price movements are largely independent.
Performance
GPIX vs. FSCO - 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 FSCO's -19.22% return.
GPIX
- 1D
- 0.55%
- 1M
- 0.31%
- YTD
- 8.64%
- 6M
- 9.22%
- 1Y
- 22.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSCO
- 1D
- -1.64%
- 1M
- -5.14%
- YTD
- -19.22%
- 6M
- -17.27%
- 1Y
- -24.79%
- 3Y*
- 13.89%
- 5Y*
- —
- 10Y*
- —
GPIX vs. FSCO - 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% |
FSCO FS Credit Opportunities Corp. | -19.22% | 3.68% | 34.88% | 6.91% |
Correlation
The correlation between GPIX and FSCO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.26 |
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Return for Risk
GPIX vs. FSCO — Risk / Return Rank
GPIX
FSCO
GPIX vs. FSCO - 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 FS Credit Opportunities Corp. (FSCO). 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 | FSCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.06 | ||
| Sortino ratioReturn per unit of downside risk | +4.10 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.84 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | -0.70 | +3.67 |
| Martin ratioReturn relative to average drawdown | 14.51 | -1.41 | +15.93 |
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Drawdowns
GPIX vs. FSCO - Drawdown Comparison
The maximum GPIX drawdown since its inception was -17.50%, smaller than the maximum FSCO drawdown of -35.53%. Use the drawdown chart below to compare losses from any high point for GPIX and FSCO.
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Drawdown Indicators
| GPIX | FSCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.50% | -35.53% | +18.03% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -35.53% | +27.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.53% | — |
Current DrawdownCurrent decline from peak | -1.63% | -29.47% | +27.84% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -8.02% | +6.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 17.59% | -16.02% |
Volatility
GPIX vs. FSCO - Volatility Comparison
The current volatility for Goldman Sachs S&P 500 Premium Income ETF (GPIX) is 3.77%, while FS Credit Opportunities Corp. (FSCO) has a volatility of 5.86%. This indicates that GPIX experiences smaller price fluctuations and is considered to be less risky than FSCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPIX | FSCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 5.86% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 22.49% | -13.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 27.31% | -16.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.86% | 28.22% | -14.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.86% | 28.22% | -14.36% |
Dividends
GPIX vs. FSCO - Dividend Comparison
GPIX's dividend yield for the trailing twelve months is around 8.09%, less than FSCO's 16.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | 16.32% | 12.65% | 10.47% | 11.26% | 1.95% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.09% | 8.01% | 7.45% | 1.40% | 0.00% |
Frequently Asked Questions
GPIX and FSCO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCO has higher volatility (5.86%) compared to GPIX (3.77%). In terms of maximum drawdown, GPIX dropped -17.50% vs FSCO's -35.53%.
GPIX currently has the higher Sharpe Ratio (2.15 vs -0.91), 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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