GSGO vs. GPIX
GSGO (Goldman Sachs Growth Opportunities ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - GSGO is a Large Cap Growth Equities fund actively managed by Goldman Sachs, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. Both are actively managed. Their correlation of 0.94 suggests significant overlap in exposure. GSGO charges 0.45%/yr vs 0.29%/yr for GPIX.
Performance
GSGO vs. GPIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GSGO having a 8.99% return and GPIX slightly higher at 9.41%.
GSGO
- 1D
- -1.28%
- 1M
- -0.07%
- YTD
- 8.99%
- 6M
- 8.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GPIX
- 1D
- -0.25%
- 1M
- 0.53%
- YTD
- 9.41%
- 6M
- 9.08%
- 1Y
- 24.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSGO vs. GPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GSGO Goldman Sachs Growth Opportunities ETF | 8.99% | 0.81% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 9.41% | 2.07% |
Correlation
The correlation between GSGO and GPIX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.94 |
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Return for Risk
GSGO vs. GPIX — Risk / Return Rank
GSGO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GPIX
GSGO vs. GPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Growth Opportunities ETF (GSGO) 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.
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.
| GSGO | GPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.44 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.22 | — |
| Martin ratioReturn relative to average drawdown | — | 15.72 | — |
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Drawdowns
GSGO vs. GPIX - Drawdown Comparison
The maximum GSGO drawdown since its inception was -13.88%, smaller than the maximum GPIX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for GSGO and GPIX.
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Drawdown Indicators
| GSGO | GPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.88% | -17.50% | +3.62% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.71% | — |
Current DrawdownCurrent decline from peak | -3.79% | -0.93% | -2.86% |
Average DrawdownAverage peak-to-trough decline | -3.00% | -1.48% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.58% | — |
Volatility
GSGO vs. GPIX - Volatility Comparison
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Volatility by Period
| GSGO | GPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.04% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.65% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.84% | 10.75% | +8.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.84% | 13.87% | +4.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 13.87% | +4.97% |
GSGO vs. GPIX - Expense Ratio Comparison
GSGO has a 0.45% expense ratio, which is higher than GPIX's 0.29% expense ratio.
Dividends
GSGO vs. GPIX - Dividend Comparison
GSGO has not paid dividends to shareholders, while GPIX's dividend yield for the trailing twelve months is around 8.03%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.03% | 8.01% | 7.45% | 1.40% |
GSGO Goldman Sachs Growth Opportunities ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, GSGO and GPIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, GPIX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GPIX is cheaper with a 0.29% expense ratio, compared with 0.45% for GSGO.
GPIX has the higher dividend yield at 8.03%, compared with 0.00% for GSGO.
GSGO is categorized as Large Cap Growth Equities, while GPIX is Derivative Income. Their fees differ too: 0.45% for GSGO and 0.29% for GPIX.
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