GSWO vs. GPIX

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs ActiveBeta World Equity ETF (GSWO) and Goldman Sachs S&P 500 Core Premium Income ETF (GPIX).

GSWO and GPIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSWO is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net. It was launched on Mar 15, 2022. GPIX is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023.

Performance

GSWO vs. GPIX - Performance Comparison

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

GSWO vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GSWO Goldman Sachs ActiveBeta World Equity ETF	-2.17%	18.97%	15.29%	12.71%
GPIX Goldman Sachs S&P 500 Core Premium Income ETF	-2.58%	16.25%	21.77%	13.45%

Returns By Period

In the year-to-date period, GSWO achieves a -2.17% return, which is significantly higher than GPIX's -2.58% return.

GSWO

• 1D: 2.87%
• 1M: -5.76%
• YTD: -2.17%
• 6M: -0.46%
• 1Y: 11.32%
• 3Y*: 14.53%
• 5Y*: —
• 10Y*: —

GPIX

• 1D: 0.63%
• 1M: -3.83%
• YTD: -2.58%
• 6M: 0.32%
• 1Y: 17.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSWO vs. GPIX - Expense Ratio Comparison

GSWO has a 0.25% expense ratio, which is lower than GPIX's 0.29% expense ratio.

GPIX

Goldman Sachs S&P 500 Core Premium Income ETF

GSWO

Goldman Sachs ActiveBeta World Equity ETF

Return for Risk

GSWO vs. GPIX — Risk / Return Rank

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

GSWO

GSWO Risk / Return Rank: 48
GSWO Sharpe Ratio Rank: 45
GSWO Sortino Ratio Rank: 44
GSWO Omega Ratio Rank: 47
GSWO Calmar Ratio Rank: 48
GSWO Martin Ratio Rank: 56

GPIX

GPIX Risk / Return Rank: 62
GPIX Sharpe Ratio Rank: 55
GPIX Sortino Ratio Rank: 58
GPIX Omega Ratio Rank: 67
GPIX Calmar Ratio Rank: 58
GPIX Martin Ratio Rank: 73

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.

GSWO vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta World Equity ETF (GSWO) and Goldman Sachs S&P 500 Core 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.

	GSWO	GPIX	Difference
Sharpe ratio Return per unit of total volatility	0.84	1.02	-0.18
Sortino ratio Return per unit of downside risk	1.24	1.54	-0.30
Omega ratio Gain probability vs. loss probability	1.18	1.25	-0.07
Calmar ratio Return relative to maximum drawdown	1.24	1.53	-0.29
Martin ratio Return relative to average drawdown	5.62	7.95	-2.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSWO vs. GPIX - Sharpe Ratio Comparison

The current GSWO Sharpe Ratio is 0.84, which is comparable to the GPIX Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of GSWO and GPIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GSWO	GPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	1.02	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	1.45	-0.68

Correlation

The correlation between GSWO and GPIX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GSWO vs. GPIX - Dividend Comparison

GSWO's dividend yield for the trailing twelve months is around 1.83%, less than GPIX's 8.66% yield.

	TTM	2025	2024	2023	2022
GSWO Goldman Sachs ActiveBeta World Equity ETF	1.83%	1.74%	1.75%	2.06%	1.73%
GPIX Goldman Sachs S&P 500 Core Premium Income ETF	8.66%	8.01%	7.45%	1.40%	0.00%

Drawdowns

GSWO vs. GPIX - Drawdown Comparison

The maximum GSWO drawdown since its inception was -17.77%, roughly equal to the maximum GPIX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for GSWO and GPIX.

Drawdown Indicators

	GSWO	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-17.77%	-17.50%	-0.27%
Max Drawdown (1Y) Largest decline over 1 year	-9.50%	-11.54%	+2.04%
Current Drawdown Current decline from peak	-6.31%	-4.53%	-1.78%
Average Drawdown Average peak-to-trough decline	-3.35%	-1.54%	-1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	2.22%	-0.12%

Volatility

GSWO vs. GPIX - Volatility Comparison

Goldman Sachs ActiveBeta World Equity ETF (GSWO) has a higher volatility of 5.76% compared to Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) at 5.11%. This indicates that GSWO'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

	GSWO	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.76%	5.11%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	8.20%	8.44%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	13.60%	17.02%	-3.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.98%	14.06%	-1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.98%	14.06%	-1.08%