GPIX vs. ISPY
Compare and contrast key facts about Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) and ProShares S&P 500 High Income ETF (ISPY).
GPIX and ISPY 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. ISPY is a passively managed fund by ProShares that tracks the performance of the S&P 500 Daily Covered Call Index. It was launched on Dec 18, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GPIX or ISPY.
Key characteristics
| GPIX | ISPY | |
|---|---|---|
| YTD Return | 23.04% | 23.21% |
| Daily Std Dev | 10.42% | 11.34% |
| Max Drawdown | -6.97% | -7.88% |
| Current Drawdown | 0.00% | -0.26% |
Correlation
The correlation between GPIX and ISPY is 0.94, 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. ISPY - Performance Comparison
The year-to-date returns for both investments are quite close, with GPIX having a 23.04% return and ISPY slightly higher at 23.21%. 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. ISPY - Expense Ratio Comparison
GPIX has a 0.29% expense ratio, which is lower than ISPY's 0.55% expense ratio.
Risk-Adjusted Performance
GPIX vs. ISPY - 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 ProShares S&P 500 High Income ETF (ISPY). 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.
Not enough dataDividends
GPIX vs. ISPY - Dividend Comparison
GPIX's dividend yield for the trailing twelve months is around 7.84%, less than ISPY's 8.44% yield.
| TTM | 2023 | |
|---|---|---|
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | 7.84% | 1.40% |
ISPY ProShares S&P 500 High Income ETF | 8.44% | 0.00% |
Drawdowns
GPIX vs. ISPY - Drawdown Comparison
The maximum GPIX drawdown since its inception was -6.97%, smaller than the maximum ISPY drawdown of -7.88%. Use the drawdown chart below to compare losses from any high point for GPIX and ISPY. For additional features, visit the drawdowns tool.
Volatility
GPIX vs. ISPY - Volatility Comparison
Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) and ProShares S&P 500 High Income ETF (ISPY) have volatilities of 3.08% and 3.24%, 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.