GPIX vs. MSFO
Compare and contrast key facts about Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) and YieldMax MSFT Option Income Strategy ETF (MSFO).
GPIX and MSFO 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. MSFO is an actively managed fund by YieldMax. It was launched on Aug 24, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GPIX or MSFO.
Key characteristics
| GPIX | MSFO | |
|---|---|---|
| YTD Return | 22.92% | 11.20% |
| 1Y Return | 31.79% | 17.27% |
| Sharpe Ratio | 3.20 | 1.15 |
| Sortino Ratio | 4.29 | 1.51 |
| Omega Ratio | 1.65 | 1.22 |
| Calmar Ratio | 4.81 | 1.37 |
| Martin Ratio | 22.78 | 3.75 |
| Ulcer Index | 1.47% | 4.80% |
| Daily Std Dev | 10.43% | 15.75% |
| Max Drawdown | -6.97% | -13.17% |
| Current Drawdown | 0.00% | -7.05% |
Correlation
The correlation between GPIX and MSFO is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GPIX vs. MSFO - Performance Comparison
In the year-to-date period, GPIX achieves a 22.92% return, which is significantly higher than MSFO's 11.20% return. 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. MSFO - Expense Ratio Comparison
GPIX has a 0.29% expense ratio, which is lower than MSFO's 0.99% expense ratio.
Risk-Adjusted Performance
GPIX vs. MSFO - 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 YieldMax MSFT Option Income Strategy ETF (MSFO). 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.
Dividends
GPIX vs. MSFO - Dividend Comparison
GPIX's dividend yield for the trailing twelve months is around 7.85%, less than MSFO's 32.53% yield.
| TTM | 2023 | |
|---|---|---|
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | 7.85% | 1.40% |
MSFO YieldMax MSFT Option Income Strategy ETF
| 32.53% | 6.44% |
Drawdowns
GPIX vs. MSFO - Drawdown Comparison
The maximum GPIX drawdown since its inception was -6.97%, smaller than the maximum MSFO drawdown of -13.17%. Use the drawdown chart below to compare losses from any high point for GPIX and MSFO. For additional features, visit the drawdowns tool.
Volatility
GPIX vs. MSFO - Volatility Comparison
The current volatility for Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) is 3.15%, while YieldMax MSFT Option Income Strategy ETF (MSFO) has a volatility of 6.04%. This indicates that GPIX experiences smaller price fluctuations and is considered to be less risky than MSFO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.