GPIX vs. ISPA.DE
GPIX (Goldman Sachs S&P 500 Premium Income ETF) and ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) are both exchange-traded funds - GPIX is a Derivative Income fund actively managed by Goldman Sachs, while ISPA.DE is a Global Equities fund tracking the STOXX® Global Select Dividend 100 index. GPIX is actively managed, while ISPA.DE is passively managed. Over the past year, GPIX returned 22.98% vs 31.44% for ISPA.DE. At a 0.40 correlation, their price movements are largely independent. GPIX charges 0.29%/yr vs 0.46%/yr for ISPA.DE.
Performance
GPIX vs. ISPA.DE - Performance Comparison
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Different Trading Currencies
GPIX is traded in USD, while ISPA.DE is traded in EUR. To make them comparable, the ISPA.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 ISPA.DE's 12.16% return.
GPIX
- 1D
- 0.29%
- 1M
- 0.38%
- YTD
- 8.17%
- 6M
- 8.56%
- 1Y
- 22.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISPA.DE
- 1D
- 0.60%
- 1M
- 0.90%
- YTD
- 12.16%
- 6M
- 15.03%
- 1Y
- 31.44%
- 3Y*
- 21.88%
- 5Y*
- 9.96%
- 10Y*
- 9.23%
GPIX vs. ISPA.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% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 12.16% | 35.16% | 6.51% | 16.18% |
Correlation
The correlation between GPIX and ISPA.DE is 0.56, 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 | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.40 |
The correlation between GPIX and ISPA.DE shifts across timeframes, from 0.40 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GPIX vs. ISPA.DE — Risk / Return Rank
GPIX
ISPA.DE
GPIX vs. ISPA.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 STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.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 | ISPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.53 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 5.88 | -2.88 |
| Martin ratioReturn relative to average drawdown | 14.96 | 20.02 | -5.06 |
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 | ISPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 3.02 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.71 | 0.52 | +1.20 |
Drawdowns
GPIX vs. ISPA.DE - Drawdown Comparison
The maximum GPIX drawdown since its inception was -17.50%, smaller than the maximum ISPA.DE drawdown of -40.28%. Use the drawdown chart below to compare losses from any high point for GPIX and ISPA.DE.
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Drawdown Indicators
| GPIX | ISPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.50% | -40.28% | +22.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -5.38% | -2.33% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.70% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.28% | — |
Current DrawdownCurrent decline from peak | -2.06% | -1.37% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -5.77% | +4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.58% | -0.04% |
Volatility
GPIX vs. ISPA.DE - Volatility Comparison
Goldman Sachs S&P 500 Premium Income ETF (GPIX) and iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) have volatilities of 3.07% and 3.09%, 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.
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Volatility by Period
| GPIX | ISPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 3.09% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.22% | 7.98% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.40% | 10.48% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 14.43% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.84% | 16.27% | -2.43% |
GPIX vs. ISPA.DE - Expense Ratio Comparison
GPIX has a 0.29% expense ratio, which is lower than ISPA.DE's 0.46% expense ratio.
Dividends
GPIX vs. ISPA.DE - Dividend Comparison
GPIX's dividend yield for the trailing twelve months is around 8.13%, more than ISPA.DE's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 3.75% | 4.52% | 4.89% | 5.91% | 6.92% | 3.32% | 4.04% | 4.02% | 3.37% | 5.66% | 3.64% | 4.35% |
Frequently Asked Questions
GPIX and ISPA.DE have a correlation of 0.56, 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 0.46% for ISPA.DE.
GPIX is categorized as Derivative Income, while ISPA.DE is Global Equities. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.29% for GPIX and 0.46% for ISPA.DE.
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