GSEW vs. GPIX

Last updated Jun 4, 2026

GSEW (Goldman Sachs Equal Weight U.S. Large Cap Equity ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - GSEW is a Large Cap Growth Equities fund tracking the Solactive US Large Cap Equal Weight Index, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. GSEW is passively managed, while GPIX is actively managed. Over the past year, GSEW returned 18.80% vs 25.55% for GPIX. Their correlation of 0.83 suggests significant overlap in exposure. GSEW charges 0.09%/yr vs 0.29%/yr for GPIX.

Performance

GSEW vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with GSEW having a 9.52% return and GPIX slightly higher at 9.91%.

GSEW

• 1D: -0.66%
• 1M: 3.19%
• YTD: 9.52%
• 6M: 9.82%
• 1Y: 18.80%
• 3Y*: 17.43%
• 5Y*: 8.63%
• 10Y*: —

GPIX

• 1D: -0.48%
• 1M: 4.27%
• YTD: 9.91%
• 6M: 10.34%
• 1Y: 25.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSEW vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	9.52%	11.97%	16.89%	18.01%
GPIX Goldman Sachs S&P 500 Premium Income ETF	9.91%	16.25%	21.77%	13.45%

Correlation

The correlation between GSEW and GPIX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023	0.83

The correlation between GSEW and GPIX has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.

GSEW vs. GPIX - Sectors Allocation Comparison

Sectors	GSEW	GPIX
Technology	20.9%	35.5%
Industrials	15.6%	8.4%
Financial Services	14.3%	11.6%
Healthcare	11.3%	8.4%
Consumer Cyclical	9.1%	10.1%
Utilities	5.8%	2.4%
Consumer Defensive	5.7%	4.9%
Energy	4.9%	3.5%
Basic Materials	4.6%	1.8%
Real Estate	4.0%	2.0%
Communication Services	3.5%	11.5%

Return for Risk

GSEW vs. GPIX — Risk / Return Rank

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

GSEW

GSEW Risk / Return Rank: 46
GSEW Sharpe Ratio Rank: 44
GSEW Sortino Ratio Rank: 44
GSEW Omega Ratio Rank: 42
GSEW Calmar Ratio Rank: 49
GSEW Martin Ratio Rank: 54

GPIX

GPIX Risk / Return Rank: 75
GPIX Sharpe Ratio Rank: 76
GPIX Sortino Ratio Rank: 75
GPIX Omega Ratio Rank: 79
GPIX Calmar Ratio Rank: 66
GPIX Martin Ratio Rank: 82

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.

GSEW vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). 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.

	GSEW	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.52	-0.96
Sortino ratio: Return per unit of downside risk	2.24	3.48	-1.25
Omega ratio: Gain probability vs. loss probability	1.27	1.48	-0.21
Calmar ratio: Return relative to maximum drawdown	2.45	3.33	-0.88
Martin ratio: Return relative to average drawdown	9.35	16.77	-7.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSEW vs. GPIX - Sharpe Ratio Comparison

The current GSEW Sharpe Ratio is 1.56, which is lower than the GPIX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of GSEW and GPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GSEW	GPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	2.52	-0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	1.78	-1.17

Drawdowns

GSEW vs. GPIX - Drawdown Comparison

The maximum GSEW drawdown since its inception was -38.65%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for GSEW and GPIX.

Drawdown Indicators

	GSEW	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.65%	-17.50%	-21.15%
Max Drawdown (1Y) Largest decline over 1 year	-7.72%	-7.71%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-18.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.74%	—	—
Current Drawdown Current decline from peak	-0.66%	-0.48%	-0.18%
Average Drawdown Average peak-to-trough decline	-5.89%	-1.48%	-4.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	1.53%	+0.49%

Volatility

GSEW vs. GPIX - Volatility Comparison

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) has a higher volatility of 2.76% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 2.26%. This indicates that GSEW's price experiences larger fluctuations and is considered to be riskier than GPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSEW	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	2.26%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	9.05%	7.89%	+1.16%
Volatility (1Y) Calculated over the trailing 1-year period	12.12%	10.17%	+1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	13.80%	+3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.20%	13.80%	+5.40%

GSEW vs. GPIX - Expense Ratio Comparison

GSEW has a 0.09% expense ratio, which is lower than GPIX's 0.29% expense ratio.

Dividends

GSEW vs. GPIX - Dividend Comparison

GSEW's dividend yield for the trailing twelve months is around 1.42%, less than GPIX's 8.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.00%	8.01%	7.45%	1.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	1.42%	1.52%	1.46%	1.64%	1.74%	1.34%	1.53%	1.66%	1.56%	0.54%

Frequently Asked Questions

Can I hold both GSEW and GPIX in my portfolio?

GSEW and GPIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSEW or GPIX?

GSEW has higher volatility (2.76%) compared to GPIX (2.26%). In terms of maximum drawdown, GSEW dropped -38.65% vs GPIX's -17.50%.

Which ETF is better, GSEW or GPIX?

On 1-year performance, GPIX leads with 25.55% vs 18.80% for GSEW. On fees, GSEW is cheaper at 0.09% per year. On volatility, GPIX has been the lower-risk option at 2.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSEW or GPIX?

Over the 1-year period, GPIX has performed better with a 25.55% return vs 18.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSEW or GPIX?

GSEW is cheaper with a 0.09% expense ratio, compared with 0.29% for GPIX.

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

GPIX has the higher dividend yield at 8.00%, compared with 1.42% for GSEW.

What is the main difference between GSEW and GPIX?

GSEW is categorized as Large Cap Growth Equities, while GPIX is Derivative Income. Their fees differ too: 0.09% for GSEW and 0.29% for GPIX.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (2.52 vs 1.56), 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.