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GPIX vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GPIX and SPY is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 1.0

Performance

GPIX vs. SPY - Performance Comparison

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

20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
31.02%
35.16%
GPIX
SPY

Key characteristics

Sharpe Ratio

GPIX:

0.61

SPY:

0.54

Sortino Ratio

GPIX:

0.97

SPY:

0.89

Omega Ratio

GPIX:

1.15

SPY:

1.13

Calmar Ratio

GPIX:

0.63

SPY:

0.58

Martin Ratio

GPIX:

2.77

SPY:

2.39

Ulcer Index

GPIX:

3.97%

SPY:

4.51%

Daily Std Dev

GPIX:

18.10%

SPY:

20.07%

Max Drawdown

GPIX:

-17.50%

SPY:

-55.19%

Current Drawdown

GPIX:

-8.95%

SPY:

-10.54%

Returns By Period

In the year-to-date period, GPIX achieves a -5.16% return, which is significantly higher than SPY's -6.44% return.


GPIX

YTD

-5.16%

1M

-4.01%

6M

-3.28%

1Y

9.62%

5Y*

N/A

10Y*

N/A

SPY

YTD

-6.44%

1M

-5.00%

6M

-5.02%

1Y

9.54%

5Y*

15.80%

10Y*

11.95%

*Annualized

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GPIX vs. SPY - Expense Ratio Comparison

GPIX has a 0.29% expense ratio, which is higher than SPY's 0.09% expense ratio.


Expense ratio chart for GPIX: current value is 0.29%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GPIX: 0.29%
Expense ratio chart for SPY: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPY: 0.09%

Risk-Adjusted Performance

GPIX vs. SPY — Risk-Adjusted Performance Rank

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

GPIX
The Risk-Adjusted Performance Rank of GPIX is 6969
Overall Rank
The Sharpe Ratio Rank of GPIX is 6666
Sharpe Ratio Rank
The Sortino Ratio Rank of GPIX is 6666
Sortino Ratio Rank
The Omega Ratio Rank of GPIX is 7171
Omega Ratio Rank
The Calmar Ratio Rank of GPIX is 7272
Calmar Ratio Rank
The Martin Ratio Rank of GPIX is 7272
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6565
Overall Rank
The Sharpe Ratio Rank of SPY is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6464
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6565
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6969
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6767
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

GPIX vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) and SPDR S&P 500 ETF (SPY). 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.


The chart of Sharpe ratio for GPIX, currently valued at 0.61, compared to the broader market-1.000.001.002.003.004.00
GPIX: 0.61
SPY: 0.54
The chart of Sortino ratio for GPIX, currently valued at 0.97, compared to the broader market-2.000.002.004.006.008.00
GPIX: 0.97
SPY: 0.89
The chart of Omega ratio for GPIX, currently valued at 1.15, compared to the broader market0.501.001.502.00
GPIX: 1.15
SPY: 1.13
The chart of Calmar ratio for GPIX, currently valued at 0.63, compared to the broader market0.002.004.006.008.0010.0012.00
GPIX: 0.63
SPY: 0.58
The chart of Martin ratio for GPIX, currently valued at 2.77, compared to the broader market0.0020.0040.0060.00
GPIX: 2.77
SPY: 2.39

The current GPIX Sharpe Ratio is 0.61, which is comparable to the SPY Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of GPIX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.61
0.54
GPIX
SPY

Dividends

GPIX vs. SPY - Dividend Comparison

GPIX's dividend yield for the trailing twelve months is around 8.97%, more than SPY's 1.31% yield.


TTM20242023202220212020201920182017201620152014
GPIX
Goldman Sachs S&P 500 Core Premium Income ETF
8.97%7.46%1.40%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.31%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

GPIX vs. SPY - Drawdown Comparison

The maximum GPIX drawdown since its inception was -17.50%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GPIX and SPY. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-8.95%
-10.54%
GPIX
SPY

Volatility

GPIX vs. SPY - Volatility Comparison

The current volatility for Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) is 13.89%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.13%. This indicates that GPIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
13.89%
15.13%
GPIX
SPY