GSIG vs. GPIX

Last updated Jun 3, 2026

GSIG (Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - GSIG is a Corporate Bonds fund tracking the FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. GSIG is passively managed, while GPIX is actively managed. Over the past year, GSIG returned 4.55% vs 26.74% for GPIX. At a 0.24 correlation, their price movements are largely independent. GSIG charges 0.14%/yr vs 0.29%/yr for GPIX.

Performance

GSIG vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSIG achieves a 0.67% return, which is significantly lower than GPIX's 10.44% return.

GSIG

• 1D: 0.02%
• 1M: 0.03%
• YTD: 0.67%
• 6M: 1.10%
• 1Y: 4.55%
• 3Y*: 5.39%
• 5Y*: 2.21%
• 10Y*: —

GPIX

• 1D: 0.11%
• 1M: 4.49%
• YTD: 10.44%
• 6M: 11.20%
• 1Y: 26.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSIG vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF	0.67%	6.69%	4.72%	4.14%
GPIX Goldman Sachs S&P 500 Premium Income ETF	10.44%	16.25%	21.77%	13.45%

Correlation

The correlation between GSIG and GPIX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023	0.24

Return for Risk

GSIG vs. GPIX — Risk / Return Rank

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

GSIG

GSIG Risk / Return Rank: 74
GSIG Sharpe Ratio Rank: 75
GSIG Sortino Ratio Rank: 84
GSIG Omega Ratio Rank: 82
GSIG Calmar Ratio Rank: 61
GSIG Martin Ratio Rank: 67

GPIX

GPIX Risk / Return Rank: 80
GPIX Sharpe Ratio Rank: 80
GPIX Sortino Ratio Rank: 80
GPIX Omega Ratio Rank: 83
GPIX Calmar Ratio Rank: 70
GPIX Martin Ratio Rank: 85

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.

GSIG vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) 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.

	GSIG	GPIX	Difference
Sharpe ratio Return per unit of total volatility	2.48	2.64	-0.16
Sortino ratio Return per unit of downside risk	3.83	3.63	+0.20
Omega ratio Gain probability vs. loss probability	1.50	1.51	0.00
Calmar ratio Return relative to maximum drawdown	3.08	3.55	-0.46
Martin ratio Return relative to average drawdown	12.63	17.91	-5.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSIG vs. GPIX - Sharpe Ratio Comparison

The current GSIG Sharpe Ratio is 2.48, which is comparable to the GPIX Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of GSIG 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

	GSIG	GPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.64	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	1.80	-1.01

Drawdowns

GSIG vs. GPIX - Drawdown Comparison

The maximum GSIG drawdown since its inception was -9.57%, smaller than the maximum GPIX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for GSIG and GPIX.

Drawdown Indicators

	GSIG	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-9.57%	-17.50%	+7.93%
Max Drawdown (1Y) Largest decline over 1 year	-1.46%	-7.71%	+6.25%
Max Drawdown (3Y) Largest decline over 3 years	-1.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-9.57%	—	—
Current Drawdown Current decline from peak	-0.32%	0.00%	-0.32%
Average Drawdown Average peak-to-trough decline	-2.10%	-1.48%	-0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	1.53%	-1.17%

Volatility

GSIG vs. GPIX - Volatility Comparison

The current volatility for Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) is 0.62%, while Goldman Sachs S&P 500 Premium Income ETF (GPIX) has a volatility of 2.20%. This indicates that GSIG experiences smaller price fluctuations and is considered to be less risky than GPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSIG	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	2.20%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	1.36%	7.89%	-6.53%
Volatility (1Y) Calculated over the trailing 1-year period	1.84%	10.16%	-8.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.89%	13.81%	-10.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.71%	13.81%	-11.10%

GSIG vs. GPIX - Expense Ratio Comparison

GSIG has a 0.14% expense ratio, which is lower than GPIX's 0.29% expense ratio.

Dividends

GSIG vs. GPIX - Dividend Comparison

GSIG's dividend yield for the trailing twelve months is around 4.34%, less than GPIX's 7.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
GPIX Goldman Sachs S&P 500 Premium Income ETF	7.96%	8.01%	7.45%	1.40%	0.00%	0.00%	0.00%
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF	4.34%	4.61%	4.59%	3.51%	2.21%	1.04%	0.45%

Frequently Asked Questions

Can I hold both GSIG and GPIX in my portfolio?

GSIG and GPIX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSIG or GPIX?

GPIX has higher volatility (2.20%) compared to GSIG (0.62%). In terms of maximum drawdown, GSIG dropped -9.57% vs GPIX's -17.50%.

Which ETF is better, GSIG or GPIX?

On 1-year performance, GPIX leads with 26.74% vs 4.55% for GSIG. On fees, GSIG is cheaper at 0.14% per year. On volatility, GSIG has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSIG or GPIX?

Over the 1-year period, GPIX has performed better with a 26.74% return vs 4.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSIG or GPIX?

GSIG is cheaper with a 0.14% expense ratio, compared with 0.29% for GPIX.

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

GPIX has the higher dividend yield at 7.96%, compared with 4.34% for GSIG.

What is the main difference between GSIG and GPIX?

GSIG is categorized as Corporate Bonds, while GPIX is Derivative Income. Their fees differ too: 0.14% for GSIG and 0.29% for GPIX.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (2.64 vs 2.48), 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.