GPIX vs. XRMI

Last updated Jun 21, 2026

GPIX (Goldman Sachs S&P 500 Premium Income ETF) and XRMI (Global X S&P 500 Risk Managed Income ETF) are both Derivative Income funds. GPIX is actively managed, while XRMI is passively managed. Over the past year, GPIX returned 25.02% vs 9.99% for XRMI. A 0.65 correlation means they provide meaningful diversification when combined. GPIX charges 0.29%/yr vs 0.60%/yr for XRMI.

Performance

GPIX vs. XRMI - 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 Global X S&P 500 Risk Managed Income ETF (XRMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPIX achieves a 9.69% return, which is significantly higher than XRMI's 2.10% return.

GPIX

• 1D: 0.95%
• 1M: 1.13%
• YTD: 9.69%
• 6M: 9.98%
• 1Y: 25.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XRMI

• 1D: 0.12%
• 1M: 1.04%
• YTD: 2.10%
• 6M: 2.43%
• 1Y: 9.99%
• 3Y*: 6.90%
• 5Y*: —
• 10Y*: —

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

GPIX vs. XRMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GPIX Goldman Sachs S&P 500 Premium Income ETF	9.69%	16.25%	21.77%	13.04%
XRMI Global X S&P 500 Risk Managed Income ETF	2.10%	4.60%	15.18%	4.29%

Correlation

The correlation between GPIX and XRMI is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.65

The correlation between GPIX and XRMI has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.

GPIX vs. XRMI - Sectors Allocation Comparison

Sectors	GPIX	XRMI
Technology	39.2%	39.5%
Financial Services	10.9%	11.6%
Communication Services	10.7%	10.3%
Consumer Cyclical	10.1%	9.5%
Healthcare	8.3%	8.5%
Industrials	7.7%	7.9%
Consumer Defensive	4.4%	4.6%
Energy	3.2%	3.1%
Utilities	2.2%	2.7%
Real Estate	1.8%	1.8%
Basic Materials	1.7%	1.7%

Return for Risk

GPIX vs. XRMI — Risk / Return Rank

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

GPIX

GPIX Risk / Return Rank: 77
GPIX Sharpe Ratio Rank: 77
GPIX Sortino Ratio Rank: 76
GPIX Omega Ratio Rank: 79
GPIX Calmar Ratio Rank: 68
GPIX Martin Ratio Rank: 82

XRMI

XRMI Risk / Return Rank: 48
XRMI Sharpe Ratio Rank: 52
XRMI Sortino Ratio Rank: 50
XRMI Omega Ratio Rank: 55
XRMI Calmar Ratio Rank: 38
XRMI Martin Ratio Rank: 47

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. XRMI - 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 Global X S&P 500 Risk Managed Income ETF (XRMI). 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	XRMI	Difference
Sharpe ratio: Return per unit of total volatility	2.32	1.69	+0.63
Sortino ratio: Return per unit of downside risk	3.17	2.36	+0.81
Omega ratio: Gain probability vs. loss probability	1.44	1.33	+0.11
Calmar ratio: Return relative to maximum drawdown	3.23	1.86	+1.37
Martin ratio: Return relative to average drawdown	15.80	7.51	+8.28

GPIX vs. XRMI - Sharpe Ratio Comparison

The current GPIX Sharpe Ratio is 2.32, which is higher than the XRMI Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of GPIX and XRMI, 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. XRMI - Drawdown Comparison

The maximum GPIX drawdown since its inception was -17.50%, which is greater than XRMI's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for GPIX and XRMI.

Drawdown Indicators

	GPIX	XRMI	Difference
Max Drawdown Largest peak-to-trough decline	-17.50%	-15.31%	-2.19%
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	-5.02%	-2.69%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.34%	—
Current Drawdown Current decline from peak	-0.68%	-0.02%	-0.66%
Average Drawdown Average peak-to-trough decline	-1.48%	-5.88%	+4.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	1.24%	+0.33%

Volatility

GPIX vs. XRMI - Volatility Comparison

Goldman Sachs S&P 500 Premium Income ETF (GPIX) has a higher volatility of 4.10% compared to Global X S&P 500 Risk Managed Income ETF (XRMI) at 1.63%. This indicates that GPIX's price experiences larger fluctuations and is considered to be riskier than XRMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPIX	XRMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	1.63%	+2.47%
Volatility (6M) Calculated over the trailing 6-month period	8.70%	4.41%	+4.29%
Volatility (1Y) Calculated over the trailing 1-year period	10.73%	5.53%	+5.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.88%	6.91%	+6.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.88%	6.91%	+6.97%

GPIX vs. XRMI - Expense Ratio Comparison

GPIX has a 0.29% expense ratio, which is lower than XRMI's 0.60% expense ratio.

Dividends

GPIX vs. XRMI - Dividend Comparison

GPIX's dividend yield for the trailing twelve months is around 8.01%, less than XRMI's 12.57% yield.

Position	TTM	2025	2024	2023	2022	2021
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.01%	8.01%	7.45%	1.40%	0.00%	0.00%
XRMI Global X S&P 500 Risk Managed Income ETF	12.57%	12.35%	11.86%	12.62%	12.84%	2.93%

Frequently Asked Questions

Can I hold both GPIX and XRMI in my portfolio?

GPIX and XRMI have a correlation of 0.73, 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 XRMI?

GPIX has higher volatility (4.10%) compared to XRMI (1.63%). In terms of maximum drawdown, GPIX dropped -17.50% vs XRMI's -15.31%.

Which ETF is better, GPIX or XRMI?

On 1-year performance, GPIX leads with 25.02% vs 9.99% for XRMI. On fees, GPIX is cheaper at 0.29% per year. On volatility, XRMI has been the lower-risk option at 1.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GPIX or XRMI?

Over the 1-year period, GPIX has performed better with a 25.02% return vs 9.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GPIX or XRMI?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.60% for XRMI.

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

XRMI has the higher dividend yield at 12.57%, compared with 8.01% for GPIX.

What is the main difference between GPIX and XRMI?

They also come from different issuers: Goldman Sachs and Global X. Their fees differ too: 0.29% for GPIX and 0.60% for XRMI.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (2.32 vs 1.69), 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.