GPIX vs. JOBY
GPIX (Goldman Sachs S&P 500 Premium Income ETF) is Derivative Income fund actively managed by Goldman Sachs, while JOBY (Joby Aviation, Inc.) is a stock. Over the past year, GPIX returned 22.98% vs 19.46% for JOBY. At a 0.49 correlation, their price movements are largely independent.
Performance
GPIX vs. JOBY - Performance Comparison
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Returns By Period
In the year-to-date period, GPIX achieves a 8.17% return, which is significantly higher than JOBY's -26.52% return.
GPIX
- 1D
- 0.29%
- 1M
- 0.38%
- YTD
- 8.17%
- 6M
- 8.56%
- 1Y
- 22.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JOBY
- 1D
- 1.57%
- 1M
- -10.76%
- YTD
- -26.52%
- 6M
- -37.46%
- 1Y
- 19.46%
- 3Y*
- 11.70%
- 5Y*
- —
- 10Y*
- —
GPIX vs. JOBY - 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% |
JOBY Joby Aviation, Inc. | -26.52% | 62.36% | 22.26% | 23.15% |
Correlation
The correlation between GPIX and JOBY is 0.52, 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 | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.49 |
The correlation between GPIX and JOBY has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.
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Return for Risk
GPIX vs. JOBY — Risk / Return Rank
GPIX
JOBY
GPIX vs. JOBY - 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 Joby Aviation, Inc. (JOBY). 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 | JOBY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.11 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 0.32 | +2.67 |
| Martin ratioReturn relative to average drawdown | 14.96 | 0.54 | +14.42 |
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 | JOBY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 0.25 | +1.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.71 | -0.08 | +1.80 |
Drawdowns
GPIX vs. JOBY - Drawdown Comparison
The maximum GPIX drawdown since its inception was -17.50%, smaller than the maximum JOBY drawdown of -76.27%. Use the drawdown chart below to compare losses from any high point for GPIX and JOBY.
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Drawdown Indicators
| GPIX | JOBY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.50% | -76.27% | +58.77% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -61.06% | +53.35% |
Max Drawdown (3Y)Largest decline over 3 years | — | -61.06% | — |
Current DrawdownCurrent decline from peak | -2.06% | -52.43% | +50.37% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -50.39% | +48.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 36.21% | -34.67% |
Volatility
GPIX vs. JOBY - Volatility Comparison
The current volatility for Goldman Sachs S&P 500 Premium Income ETF (GPIX) is 3.07%, while Joby Aviation, Inc. (JOBY) has a volatility of 23.36%. This indicates that GPIX experiences smaller price fluctuations and is considered to be less risky than JOBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPIX | JOBY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 23.36% | -20.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.22% | 50.66% | -42.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.40% | 79.38% | -68.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 79.91% | -66.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.84% | 79.91% | -66.07% |
Dividends
GPIX vs. JOBY - Dividend Comparison
GPIX's dividend yield for the trailing twelve months is around 8.13%, while JOBY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.13% | 8.01% | 7.45% | 1.40% |
JOBY Joby Aviation, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GPIX and JOBY have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JOBY has higher volatility (23.36%) compared to GPIX (3.07%). In terms of maximum drawdown, GPIX dropped -17.50% vs JOBY's -76.27%.
GPIX currently has the higher Sharpe Ratio (2.22 vs 0.25), 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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