GPIX vs. RSBY

Last updated Jul 12, 2026

GPIX (Goldman Sachs S&P 500 Premium Income ETF) and RSBY (Return Stacked Bonds & Futures Yield ETF) are both exchange-traded funds - GPIX is a Derivative Income fund actively managed by Goldman Sachs, while RSBY is a Multistrategy fund actively managed by Return Stacked. Both are actively managed. Over the past year, GPIX returned 21.63% vs 17.35% for RSBY. At a correlation of -0.22, they often move in opposite directions. GPIX charges 0.29%/yr vs 0.98%/yr for RSBY.

Performance

GPIX vs. RSBY - 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 Return Stacked Bonds & Futures Yield ETF (RSBY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPIX achieves a 10.87% return, which is significantly lower than RSBY's 18.52% return.

GPIX

• 1D: 0.32%
• 1M: 2.05%
• 6M: 9.21%
• YTD: 10.87%
• 1Y: 21.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSBY

• 1D: -0.60%
• 1M: -0.71%
• 6M: 17.92%
• YTD: 18.52%
• 1Y: 17.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GPIX vs. RSBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GPIX Goldman Sachs S&P 500 Premium Income ETF	10.87%	16.25%	6.07%
RSBY Return Stacked Bonds & Futures Yield ETF	18.52%	-12.98%	-7.79%

Correlation

The correlation between GPIX and RSBY is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.25
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	-0.22

Return for Risk

GPIX vs. RSBY — 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: 70
GPIX Martin Ratio Rank: 84

RSBY

RSBY Risk / Return Rank: 51
RSBY Sharpe Ratio Rank: 55
RSBY Sortino Ratio Rank: 57
RSBY Omega Ratio Rank: 51
RSBY Calmar Ratio Rank: 54
RSBY Martin Ratio Rank: 40

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. RSBY - 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 Return Stacked Bonds & Futures Yield ETF (RSBY). 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	RSBY	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.50	+0.47
Sortino ratio: Return per unit of downside risk	2.73	2.18	+0.54
Omega ratio: Gain probability vs. loss probability	1.37	1.26	+0.11
Calmar ratio: Return relative to maximum drawdown	2.78	2.15	+0.63
Martin ratio: Return relative to average drawdown	13.30	5.04	+8.26

GPIX vs. RSBY - Sharpe Ratio Comparison

The current GPIX Sharpe Ratio is 1.97, which is higher than the RSBY Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of GPIX and RSBY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GPIX vs. RSBY - Drawdown Comparison

The maximum GPIX drawdown since its inception was -17.50%, smaller than the maximum RSBY drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for GPIX and RSBY.

Drawdown Indicators

	GPIX	RSBY	Difference
Max Drawdown Largest peak-to-trough decline	-17.50%	-23.32%	+5.82%
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	-7.95%	+0.24%
Current Drawdown Current decline from peak	0.00%	-6.45%	+6.45%
Average Drawdown Average peak-to-trough decline	-1.47%	-13.35%	+11.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	3.39%	-1.78%

Volatility

GPIX vs. RSBY - Volatility Comparison

Goldman Sachs S&P 500 Premium Income ETF (GPIX) has a higher volatility of 3.91% compared to Return Stacked Bonds & Futures Yield ETF (RSBY) at 3.15%. This indicates that GPIX's price experiences larger fluctuations and is considered to be riskier than RSBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPIX	RSBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	3.15%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	8.82%	8.37%	+0.45%
Volatility (1Y) Calculated over the trailing 1-year period	10.86%	11.41%	-0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.81%	13.37%	+0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.81%	13.37%	+0.44%

GPIX vs. RSBY - Expense Ratio Comparison

GPIX has a 0.29% expense ratio, which is lower than RSBY's 0.98% expense ratio.

Dividends

GPIX vs. RSBY - Dividend Comparison

GPIX's dividend yield for the trailing twelve months is around 8.06%, more than RSBY's 1.75% yield.

Position	TTM	2025	2024	2023
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.06%	8.01%	7.45%	1.40%
RSBY Return Stacked Bonds & Futures Yield ETF	1.75%	2.07%	2.29%	0.00%

Frequently Asked Questions

Can I hold both GPIX and RSBY in my portfolio?

GPIX and RSBY have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPIX or RSBY?

GPIX has higher volatility (3.91%) compared to RSBY (3.15%). In terms of maximum drawdown, GPIX dropped -17.50% vs RSBY's -23.32%.

Which ETF is better, GPIX or RSBY?

On 1-year performance, GPIX leads with 21.63% vs 17.35% for RSBY. On fees, GPIX is cheaper at 0.29% per year. On volatility, RSBY has been the lower-risk option at 3.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GPIX or RSBY?

Over the 1-year period, GPIX has performed better with a 21.63% return vs 17.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GPIX or RSBY?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.98% for RSBY.

Which ETF pays a higher dividend yield, GPIX or RSBY?

GPIX has the higher dividend yield at 8.06%, compared with 1.75% for RSBY.

What is the main difference between GPIX and RSBY?

GPIX is categorized as Derivative Income, while RSBY is Multistrategy. They also come from different issuers: Goldman Sachs and Return Stacked. Their fees differ too: 0.29% for GPIX and 0.98% for RSBY.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (1.97 vs 1.50), 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.