GPIX vs. SMR
GPIX (Goldman Sachs S&P 500 Premium Income ETF) is Derivative Income fund actively managed by Goldman Sachs, while SMR (NuScale Power Corporation) is a stock. Over the past year, GPIX returned 23.85% vs -74.52% for SMR. At a 0.43 correlation, their price movements are largely independent.
Performance
GPIX vs. SMR - Performance Comparison
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Returns By Period
In the year-to-date period, GPIX achieves a 8.64% return, which is significantly higher than SMR's -30.20% return.
GPIX
- 1D
- 0.55%
- 1M
- 0.57%
- YTD
- 8.64%
- 6M
- 9.22%
- 1Y
- 23.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMR
- 1D
- 3.34%
- 1M
- -11.93%
- YTD
- -30.20%
- 6M
- -46.07%
- 1Y
- -74.52%
- 3Y*
- 5.43%
- 5Y*
- -0.32%
- 10Y*
- —
GPIX vs. SMR - 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% |
SMR NuScale Power Corporation | -30.20% | -20.97% | 444.98% | -6.00% |
Correlation
The correlation between GPIX and SMR is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.43 |
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Return for Risk
GPIX vs. SMR — Risk / Return Rank
GPIX
SMR
GPIX vs. SMR - 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 NuScale Power Corporation (SMR). 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 | SMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.89 | ||
| Sortino ratioReturn per unit of downside risk | +4.19 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.87 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | -0.91 | +3.88 |
| Martin ratioReturn relative to average drawdown | 14.51 | -1.32 | +15.83 |
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Drawdowns
GPIX vs. SMR - Drawdown Comparison
The maximum GPIX drawdown since its inception was -17.50%, smaller than the maximum SMR drawdown of -87.47%. Use the drawdown chart below to compare losses from any high point for GPIX and SMR.
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Drawdown Indicators
| GPIX | SMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.50% | -87.47% | +69.97% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -82.86% | +75.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -82.86% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -87.47% | — |
Current DrawdownCurrent decline from peak | -1.63% | -81.49% | +79.86% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -35.08% | +33.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 57.39% | -55.82% |
Volatility
GPIX vs. SMR - Volatility Comparison
The current volatility for Goldman Sachs S&P 500 Premium Income ETF (GPIX) is 3.77%, while NuScale Power Corporation (SMR) has a volatility of 28.93%. This indicates that GPIX experiences smaller price fluctuations and is considered to be less risky than SMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPIX | SMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 28.93% | -25.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 69.57% | -61.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 102.59% | -91.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.86% | 93.50% | -79.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.86% | 89.31% | -75.45% |
Dividends
GPIX vs. SMR - Dividend Comparison
GPIX's dividend yield for the trailing twelve months is around 8.09%, while SMR 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% |
SMR NuScale Power Corporation | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GPIX and SMR have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMR has higher volatility (28.93%) compared to GPIX (3.77%). In terms of maximum drawdown, GPIX dropped -17.50% vs SMR's -87.47%.
GPIX currently has the higher Sharpe Ratio (2.15 vs -0.74), 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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