GPIX vs. MU
GPIX (Goldman Sachs S&P 500 Premium Income ETF) is Derivative Income fund actively managed by Goldman Sachs, while MU (Micron Technology, Inc.) is a stock. Over the past year, GPIX returned 20.01% vs 758.76% for MU. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
GPIX vs. MU - Performance Comparison
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Returns By Period
In the year-to-date period, GPIX achieves a 10.21% return, which is significantly lower than MU's 240.34% return.
GPIX
- 1D
- 0.73%
- 1M
- 0.48%
- 6M
- 10.71%
- YTD
- 10.21%
- 1Y
- 20.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 23.05%
MU
- 1D
- 12.17%
- 1M
- -14.38%
- 6M
- 166.13%
- YTD
- 240.34%
- 1Y
- 758.76%
- 3Y*
- 146.36%
- 5Y*
- 67.49%
- 10Y*
- 54.16%
- ALL TIME*
- 17.59%
GPIX vs. MU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 10.21% | 16.25% | 21.77% | 13.04% |
MU Micron Technology, Inc. | 240.34% | 240.24% | -0.96% | 28.50% |
Correlation
The correlation between GPIX and MU is 0.54, 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 | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.54 |
The correlation between GPIX and MU has been stable across timeframes, ranging from 0.54 to 0.54 - a consistent structural relationship.
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Return for Risk
GPIX vs. MU — Risk / Return Rank
GPIX
MU
GPIX vs. MU - 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 Micron Technology, Inc. (MU). 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 | MU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.70 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 25.31 | -22.70 |
| Martin ratioReturn relative to average drawdown | 12.45 | 84.73 | -72.28 |
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Drawdowns
GPIX vs. MU - Drawdown Comparison
The maximum GPIX drawdown since its inception was -17.50%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for GPIX and MU.
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Drawdown Indicators
| GPIX | MU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.50% | -98.25% | +80.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -30.28% | +22.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.63% | — |
Current DrawdownCurrent decline from peak | -0.59% | -19.99% | +19.40% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -58.05% | +56.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 9.03% | -7.42% |
Volatility
GPIX vs. MU - Volatility Comparison
The current volatility for Goldman Sachs S&P 500 Premium Income ETF (GPIX) is 2.77%, while Micron Technology, Inc. (MU) has a volatility of 32.09%. This indicates that GPIX experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPIX | MU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 32.09% | -29.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 63.69% | -54.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.93% | 77.22% | -66.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 55.26% | -41.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.76% | 50.92% | -37.16% |
Dividends
GPIX vs. MU - Dividend Comparison
GPIX's dividend yield for the trailing twelve months is around 8.11%, more than MU's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.11% | 8.01% | 7.45% | 1.40% | 0.00% | 0.00% |
MU Micron Technology, Inc. | 0.05% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% |
Frequently Asked Questions
GPIX and MU have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (32.09%) compared to GPIX (2.77%). In terms of maximum drawdown, GPIX dropped -17.50% vs MU's -98.25%.
MU currently has the higher Sharpe Ratio (9.93 vs 1.84), 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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