GPIX vs. SOXY

Last updated Aug 4, 2026

GPIX (Goldman Sachs S&P 500 Premium Income ETF) and SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, GPIX returned 22.46% vs 95.22% for SOXY. Their 0.77 correlation means they have sometimes moved together and sometimes differently. GPIX charges 0.29%/yr vs 1.06%/yr for SOXY.

Performance

GPIX vs. SOXY - 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 YieldMax Target 12™ Semiconductor Option Income ETF (SOXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPIX achieves a 11.44% return, which is significantly lower than SOXY's 59.66% return.

GPIX

• 1D: 1.09%
• 1M: 1.72%
• 6M: 9.26%
• YTD: 11.44%
• 1Y: 22.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.21%

SOXY

• 1D: 0.84%
• 1M: -11.28%
• 6M: 41.13%
• YTD: 59.66%
• 1Y: 95.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 59.08%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GPIX Goldman Sachs S&P 500 Premium Income ETF	$56.77M	$53.71M	$51.99M
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	$2.13M	$2.40M	$2.09M

GPIX vs. SOXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GPIX Goldman Sachs S&P 500 Premium Income ETF	11.44%	16.25%	-1.83%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	59.66%	37.00%	-0.99%

Correlation

The correlation between GPIX and SOXY is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.77

The correlation between GPIX and SOXY has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.

GPIX vs. SOXY - Sectors Allocation Comparison

Sectors	GPIX	SOXY
Technology	38.5%	100.0%
Financial Services	11.9%	0.1%
Communication Services	9.5%	0.0%
Consumer Cyclical	9.5%	0.0%
Healthcare	8.9%	0.0%
Industrials	8.4%	0.0%
Consumer Defensive	4.7%	0.0%
Energy	3.0%	0.0%
Utilities	2.2%	0.0%
Real Estate	1.8%	-
Basic Materials	1.7%	0.0%

Return for Risk

GPIX vs. SOXY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GPIX

GPIX Risk / Return Rank: 85
GPIX Sharpe Ratio Rank: 85
GPIX Sortino Ratio Rank: 84
GPIX Omega Ratio Rank: 85
GPIX Calmar Ratio Rank: 80
GPIX Martin Ratio Rank: 89

SOXY

SOXY Risk / Return Rank: 87
SOXY Sharpe Ratio Rank: 92
SOXY Sortino Ratio Rank: 84
SOXY Omega Ratio Rank: 85
SOXY Calmar Ratio Rank: 85
SOXY Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GPIX vs. SOXY - 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 YieldMax Target 12™ Semiconductor Option Income ETF (SOXY). 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	SOXY	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.41	-0.37
Sortino ratio: Return per unit of downside risk	2.81	2.81	0.00
Omega ratio: Gain probability vs. loss probability	1.38	1.38	0.00
Calmar ratio: Return relative to maximum drawdown	2.93	3.35	-0.42
Martin ratio: Return relative to average drawdown	13.84	14.82	-0.98

GPIX vs. SOXY - Sharpe Ratio Comparison

The current GPIX Sharpe Ratio is 2.03, which is comparable to the SOXY Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of GPIX and SOXY, 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. SOXY - Drawdown Comparison

The maximum GPIX drawdown since its inception was -17.50%, smaller than the maximum SOXY drawdown of -30.22%. Use the drawdown chart below to compare losses from any high point for GPIX and SOXY.

Drawdown Indicators

	GPIX	SOXY	Difference
Max Drawdown Largest peak-to-trough decline	-17.50%	-30.22%	+12.72%
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	-28.56%	+20.85%
Current Drawdown Current decline from peak	0.00%	-21.05%	+21.05%
Average Drawdown Average peak-to-trough decline	-1.46%	-5.53%	+4.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	6.45%	-4.82%

Volatility

GPIX vs. SOXY - Volatility Comparison

The current volatility for Goldman Sachs S&P 500 Premium Income ETF (GPIX) is 3.25%, while YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a volatility of 17.94%. This indicates that GPIX experiences smaller price fluctuations and is considered to be less risky than SOXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPIX	SOXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	17.94%	-14.69%
Volatility (6M) Calculated over the trailing 6-month period	9.03%	35.55%	-26.52%
Volatility (1Y) Calculated over the trailing 1-year period	11.13%	39.88%	-28.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	39.26%	-25.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.76%	39.26%	-25.50%

GPIX vs. SOXY - Expense Ratio Comparison

GPIX has a 0.29% expense ratio, which is lower than SOXY's 1.06% expense ratio.

Dividends

GPIX vs. SOXY - Dividend Comparison

GPIX's dividend yield for the trailing twelve months is around 8.14%, less than SOXY's 9.34% yield.

Position	TTM	2025	2024	2023
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.14%	8.01%	7.45%	1.40%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	9.34%	11.47%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GPIX and SOXY in my portfolio?

GPIX and SOXY have a correlation of 0.75, 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 SOXY?

SOXY has higher volatility (17.94%) compared to GPIX (3.25%). In terms of maximum drawdown, GPIX dropped -17.50% vs SOXY's -30.22%.

Which ETF is better, GPIX or SOXY?

On 1-year performance, SOXY leads with 95.22% vs 22.46% for GPIX. On fees, GPIX is cheaper at 0.29% per year. On volatility, GPIX has been the lower-risk option at 3.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GPIX or SOXY?

Over the 1-year period, SOXY has performed better with a 95.22% return vs 22.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GPIX or SOXY?

GPIX is cheaper with a 0.29% expense ratio, compared with 1.06% for SOXY.

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

SOXY has the higher dividend yield at 9.34%, compared with 8.14% for GPIX.

What is the main difference between GPIX and SOXY?

They also come from different issuers: Goldman Sachs and YieldMax. Their fees differ too: 0.29% for GPIX and 1.06% for SOXY.

Which has better risk-adjusted returns?

SOXY currently has the higher Sharpe Ratio (2.41 vs 2.03), 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.