GPIX vs. SPY
Compare and contrast key facts about Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) and SPDR S&P 500 ETF (SPY).
GPIX and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GPIX is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GPIX or SPY.
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.
Performance
GPIX vs. SPY - Performance Comparison
Key characteristics
GPIX:
-0.09
SPY:
-0.09
GPIX:
-0.02
SPY:
-0.02
GPIX:
1.00
SPY:
1.00
GPIX:
-0.08
SPY:
-0.09
GPIX:
-0.47
SPY:
-0.45
GPIX:
2.83%
SPY:
3.31%
GPIX:
14.42%
SPY:
15.87%
GPIX:
-16.08%
SPY:
-55.19%
GPIX:
-16.08%
SPY:
-17.32%
Returns By Period
In the year-to-date period, GPIX achieves a -12.59% return, which is significantly higher than SPY's -13.53% return.
GPIX
-12.59%
-12.39%
-9.92%
-0.31%
N/A
N/A
SPY
-13.53%
-13.08%
-11.25%
-0.26%
17.01%
11.25%
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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.
Risk-Adjusted Performance
GPIX vs. SPY — Risk-Adjusted Performance Rank
GPIX
SPY
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.
Dividends
GPIX vs. SPY - Dividend Comparison
GPIX's dividend yield for the trailing twelve months is around 9.73%, more than SPY's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | 9.73% | 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 | 1.42% | 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 -16.08%, 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.
Volatility
GPIX vs. SPY - Volatility Comparison
Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) and SPDR S&P 500 ETF (SPY) have volatilities of 9.02% and 9.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.