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GPIX vs. VLUE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GPIX vs. VLUE

Last updated Jul 26, 2026
Documentation

GPIX (Goldman Sachs S&P 500 Premium Income ETF) and VLUE (iShares MSCI USA Value Factor ETF) are both exchange-traded funds - GPIX is a Derivative Income fund actively managed by Goldman Sachs, while VLUE is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index. GPIX is actively managed, while VLUE is passively managed. Over the past year, GPIX returned 17.54% vs 71.63% for VLUE. Their 0.74 correlation means they have sometimes moved together and sometimes differently. GPIX charges 0.29%/yr vs 0.15%/yr for VLUE.

Performance

GPIX vs. VLUE - 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 iShares MSCI USA Value Factor ETF (VLUE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GPIX achieves a 9.04% return, which is significantly lower than VLUE's 43.48% return.

GPIX

1D
0.09%
1M
1.01%
6M
7.83%
YTD
9.04%
1Y
17.54%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
22.49%

VLUE

1D
-0.49%
1M
-4.86%
6M
35.25%
YTD
43.48%
1Y
71.63%
3Y*
29.42%
5Y*
16.55%
10Y*
14.56%
ALL TIME*
13.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

GPIX

Goldman Sachs S&P 500 Premium Income ETF
$50.34M$51.86M$49.74M

VLUE

iShares MSCI USA Value Factor ETF
$165.60M$255.80M$278.61M

GPIX vs. VLUE - Yearly Performance Comparison

2026 (YTD)202520242023
GPIX
Goldman Sachs S&P 500 Premium Income ETF		9.04%16.25%21.77%13.04%
VLUE
iShares MSCI USA Value Factor ETF		43.48%32.67%7.25%17.10%

Correlation

The correlation between GPIX and VLUE is 0.74, 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.

0.74

Correlation (All Time)
Calculated using the full available price history since Oct 26, 2023

0.74

The correlation between GPIX and VLUE has been stable across timeframes, ranging from 0.74 to 0.74 - a consistent structural relationship.

GPIX vs. VLUE - Sectors Allocation Comparison

Sectors
GPIX
VLUE

Technology

38.5%
43.1%

Financial Services

11.9%
10.6%

Communication Services

9.5%
8.7%

Consumer Cyclical

9.5%
9.9%

Healthcare

8.9%
7.8%

Industrials

8.4%
7.9%

Consumer Defensive

4.7%
4.2%

Energy

3.0%
2.8%

Utilities

2.2%
2.0%

Real Estate

1.8%
1.8%

Basic Materials

1.7%
1.2%

Technology

GPIX
38.5%
VLUE
43.1%

Financial Services

GPIX
11.9%
VLUE
10.6%

Communication Services

GPIX
9.5%
VLUE
8.7%

Consumer Cyclical

GPIX
9.5%
VLUE
9.9%

Healthcare

GPIX
8.9%
VLUE
7.8%

Industrials

GPIX
8.4%
VLUE
7.9%

Consumer Defensive

GPIX
4.7%
VLUE
4.2%

Energy

GPIX
3.0%
VLUE
2.8%

Utilities

GPIX
2.2%
VLUE
2.0%

Real Estate

GPIX
1.8%
VLUE
1.8%

Basic Materials

GPIX
1.7%
VLUE
1.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Goldman Sachs S&P 500 Premium Income ETF

iShares MSCI USA Value Factor ETF

Often compared with GPIX:
GPIX vs. GPIQGPIX vs. SPYIGPIX vs. JEPIGPIX vs. VOOGPIX vs. SPYGPIX vs. JEPQGPIX vs. BALI
Often compared with VLUE:
VLUE vs. AVLVVLUE vs. VLUVLUE vs. VOOVLUE vs. VTVVLUE vs. IUSVVLUE vs. QVALVLUE vs. SCHV

Return for Risk

GPIX vs. VLUE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GPIX
GPIX Risk / Return Rank: 7373
Overall Rank
GPIX Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
GPIX Sortino Ratio Rank: 7171
Sortino Ratio Rank
GPIX Omega Ratio Rank: 7373
Omega Ratio Rank
GPIX Calmar Ratio Rank: 6767
Calmar Ratio Rank
GPIX Martin Ratio Rank: 8282
Martin Ratio Rank
VLUE
VLUE Risk / Return Rank: 9797
Overall Rank
VLUE Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
VLUE Sortino Ratio Rank: 9797
Sortino Ratio Rank
VLUE Omega Ratio Rank: 9696
Omega Ratio Rank
VLUE Calmar Ratio Rank: 9797
Calmar Ratio Rank
VLUE Martin Ratio Rank: 9797
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GPIX vs. VLUE - 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 iShares MSCI USA Value Factor ETF (VLUE). 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.

GPIXVLUEDifference
Sharpe ratioReturn per unit of total volatility
1.64
3.60

-1.96

Sortino ratioReturn per unit of downside risk
2.30
4.66

-2.36

Omega ratioGain probability vs. loss probability

1.30

1.61

-0.31

Calmar ratioReturn relative to maximum drawdown

2.33

7.98

-5.64

Martin ratioReturn relative to average drawdown

11.09

27.87

-16.78

GPIX vs. VLUE - Sharpe Ratio Comparison

The current GPIX Sharpe Ratio is 1.64, which is lower than the VLUE Sharpe Ratio of 3.60. The chart below compares the historical Sharpe Ratios of GPIX and VLUE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

GPIX vs. VLUE - Drawdown Comparison

The maximum GPIX drawdown since its inception was -17.50%, smaller than the maximum VLUE drawdown of -39.47%. Use the drawdown chart below to compare losses from any high point for GPIX and VLUE.

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Drawdown Indicators

GPIXVLUEDifference

Max Drawdown

Largest peak-to-trough decline

-17.50%

-39.47%

+21.97%

Max Drawdown (1Y)

Largest decline over 1 year

-7.71%

-9.04%

+1.33%

Max Drawdown (3Y)

Largest decline over 3 years

—

-17.89%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-27.12%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.47%

—

Current Drawdown

Current decline from peak

-1.65%

-4.86%

+3.21%

Average Drawdown

Average peak-to-trough decline

-1.46%

-5.99%

+4.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.62%

2.58%

-0.96%

Volatility

GPIX vs. VLUE - Volatility Comparison

The current volatility for Goldman Sachs S&P 500 Premium Income ETF (GPIX) is 2.63%, while iShares MSCI USA Value Factor ETF (VLUE) has a volatility of 7.20%. This indicates that GPIX experiences smaller price fluctuations and is considered to be less risky than VLUE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GPIXVLUEDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.63%

7.20%

-4.57%

Volatility (6M)

Calculated over the trailing 6-month period

8.74%

17.11%

-8.37%

Volatility (1Y)

Calculated over the trailing 1-year period

10.98%

20.08%

-9.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.75%

18.29%

-4.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.75%

20.00%

-6.25%

GPIX vs. VLUE - Expense Ratio Comparison

GPIX has a 0.29% expense ratio, which is higher than VLUE's 0.15% expense ratio.

Dividends

GPIX vs. VLUE - Dividend Comparison

GPIX's dividend yield for the trailing twelve months is around 8.19%, more than VLUE's 1.44% yield.

PositionTTM20252024202320222021202020192018201720162015
GPIX
Goldman Sachs S&P 500 Premium Income ETF		8.19%8.01%7.45%1.40%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VLUE
iShares MSCI USA Value Factor ETF		1.44%2.11%2.73%2.66%3.18%2.22%2.42%2.61%2.70%2.14%2.07%2.39%

Frequently Asked Questions

GPIX and VLUE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VLUE has higher volatility (7.20%) compared to GPIX (2.63%). In terms of maximum drawdown, GPIX dropped -17.50% vs VLUE's -39.47%.

On 1-year performance, VLUE leads with 71.63% vs 17.54% for GPIX. On fees, VLUE is cheaper at 0.15% per year. On volatility, GPIX has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, VLUE has performed better with a 71.63% return vs 17.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VLUE is cheaper with a 0.15% expense ratio, compared with 0.29% for GPIX.

GPIX has the higher dividend yield at 8.19%, compared with 1.44% for VLUE.

GPIX is categorized as Derivative Income, while VLUE is Large Cap Value Equities. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.29% for GPIX and 0.15% for VLUE.

VLUE currently has the higher Sharpe Ratio (3.60 vs 1.64), 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.

Portfolio Optimizer

Find the right allocation for GPIX and VLUE

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