GPIX vs. SOUN
GPIX (Goldman Sachs S&P 500 Premium Income ETF) is Derivative Income fund actively managed by Goldman Sachs, while SOUN (SoundHound AI, Inc.) is a stock. Over the past year, GPIX returned 22.98% vs -25.91% for SOUN. At a 0.47 correlation, their price movements are largely independent.
Performance
GPIX vs. SOUN - Performance Comparison
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Returns By Period
In the year-to-date period, GPIX achieves a 8.17% return, which is significantly higher than SOUN's -24.87% return.
GPIX
- 1D
- 0.29%
- 1M
- 0.38%
- YTD
- 8.17%
- 6M
- 8.56%
- 1Y
- 22.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOUN
- 1D
- 1.35%
- 1M
- -15.65%
- YTD
- -24.87%
- 6M
- -40.93%
- 1Y
- -25.91%
- 3Y*
- 35.66%
- 5Y*
- —
- 10Y*
- —
GPIX vs. SOUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.17% | 16.25% | 21.77% | 13.45% |
SOUN SoundHound AI, Inc. | -24.87% | -49.75% | 835.85% | 35.90% |
Correlation
The correlation between GPIX and SOUN is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.47 |
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Return for Risk
GPIX vs. SOUN — Risk / Return Rank
GPIX
SOUN
GPIX vs. SOUN - 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 SoundHound AI, Inc. (SOUN). 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.
| GPIX | SOUN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.00 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | -0.36 | +3.35 |
| Martin ratioReturn relative to average drawdown | 14.96 | -0.58 | +15.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GPIX | SOUN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | -0.32 | +2.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.71 | -0.00 | +1.71 |
Drawdowns
GPIX vs. SOUN - Drawdown Comparison
The maximum GPIX drawdown since its inception was -17.50%, smaller than the maximum SOUN drawdown of -93.55%. Use the drawdown chart below to compare losses from any high point for GPIX and SOUN.
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Drawdown Indicators
| GPIX | SOUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.50% | -93.55% | +76.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -72.43% | +64.72% |
Max Drawdown (3Y)Largest decline over 3 years | — | -75.65% | — |
Current DrawdownCurrent decline from peak | -2.06% | -69.09% | +67.03% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -66.95% | +65.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 44.50% | -42.96% |
Volatility
GPIX vs. SOUN - Volatility Comparison
The current volatility for Goldman Sachs S&P 500 Premium Income ETF (GPIX) is 3.07%, while SoundHound AI, Inc. (SOUN) has a volatility of 19.06%. This indicates that GPIX experiences smaller price fluctuations and is considered to be less risky than SOUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPIX | SOUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 19.06% | -15.99% |
Volatility (6M)Calculated over the trailing 6-month period | 8.22% | 51.57% | -43.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.40% | 80.46% | -70.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 136.34% | -122.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.84% | 136.34% | -122.50% |
Dividends
GPIX vs. SOUN - Dividend Comparison
GPIX's dividend yield for the trailing twelve months is around 8.13%, while SOUN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.13% | 8.01% | 7.45% | 1.40% |
SOUN SoundHound AI, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GPIX and SOUN have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOUN has higher volatility (19.06%) compared to GPIX (3.07%). In terms of maximum drawdown, GPIX dropped -17.50% vs SOUN's -93.55%.
GPIX currently has the higher Sharpe Ratio (2.22 vs -0.32), 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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