GPIX vs. NGD

Last updated Jun 14, 2026

GPIX (Goldman Sachs S&P 500 Premium Income ETF) is Derivative Income fund actively managed by Goldman Sachs, while NGD (New Gold Inc.) is a stock. At a 0.20 correlation, their price movements are largely independent.

Performance

GPIX vs. NGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs S&P 500 Premium Income ETF (GPIX) and New Gold Inc. (NGD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GPIX

• 1D: 0.55%
• 1M: 0.57%
• YTD: 8.64%
• 6M: 9.22%
• 1Y: 23.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NGD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GPIX vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.64%	16.25%	21.77%	13.04%
NGD New Gold Inc.	4.25%	251.21%	69.86%	36.45%

Correlation

The correlation between GPIX and NGD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.20

Return for Risk

GPIX vs. NGD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GPIX

GPIX Risk / Return Rank: 77
GPIX Sharpe Ratio Rank: 78
GPIX Sortino Ratio Rank: 76
GPIX Omega Ratio Rank: 80
GPIX Calmar Ratio Rank: 68
GPIX Martin Ratio Rank: 83

NGD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GPIX vs. NGD - 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 New Gold Inc. (NGD). 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	NGD	Difference
Sharpe ratio: Return per unit of total volatility	2.15	—	—
Sortino ratio: Return per unit of downside risk	2.94	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	2.97	—	—
Martin ratio: Return relative to average drawdown	14.51	—	—

Drawdowns

Drawdown Indicators

	GPIX	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-17.50%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	—	—
Current Drawdown Current decline from peak	-1.63%	—	—
Average Drawdown Average peak-to-trough decline	-1.49%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	—	—

Volatility

Volatility by Period

	GPIX	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.62%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.86%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.86%	—	—

Dividends

GPIX vs. NGD - Dividend Comparison

GPIX's dividend yield for the trailing twelve months is around 8.09%, while NGD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.09%	8.01%	7.45%	1.40%
NGD New Gold Inc.	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GPIX and NGD in my portfolio?

GPIX and NGD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.