GUSA vs. GPIX

Last updated Aug 4, 2026

GUSA (Goldman Sachs MarketBeta U.S. 1000 Equity ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - GUSA is a Large Cap Blend Equities fund tracking the Solactive GBS United States 1000 Index - Benchmark TR Gross, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. GUSA is passively managed, while GPIX is actively managed. Over the past year, GUSA returned 22.62% vs 22.46% for GPIX. Their 0.96 correlation means they have historically moved very closely together. GUSA charges 0.11%/yr vs 0.29%/yr for GPIX.

Performance

GUSA vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) 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 stocks are quite close, with GUSA having a 11.51% return and GPIX slightly lower at 11.44%.

GUSA

• 1D: 1.33%
• 1M: 1.46%
• 6M: 9.48%
• YTD: 11.51%
• 1Y: 22.62%
• 3Y*: 20.53%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.65%

GPIX

• 1D: 1.09%
• 1M: 1.72%
• 6M: 9.26%
• YTD: 11.44%
• 1Y: 22.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GPIX Goldman Sachs S&P 500 Premium Income ETF	$56.77M	$53.71M	$51.99M
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF	$7.47K	$13.81K	$14.67K

GUSA vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF	11.51%	17.51%	24.46%	14.84%
GPIX Goldman Sachs S&P 500 Premium Income ETF	11.44%	16.25%	21.77%	13.04%

Correlation

The correlation between GUSA and GPIX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.96

The correlation between GUSA and GPIX has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.

GUSA vs. GPIX - Sectors Allocation Comparison

Sectors	GUSA	GPIX
Technology	36.3%	38.5%
Financial Services	12.1%	11.9%
Healthcare	9.4%	8.9%
Consumer Cyclical	9.2%	9.5%
Communication Services	9.0%	9.5%
Industrials	9.0%	8.4%
Consumer Defensive	4.5%	4.7%
Energy	3.5%	3.0%
Utilities	2.6%	2.2%
Real Estate	2.2%	1.8%
Basic Materials	2.1%	1.7%

Return for Risk

GUSA vs. GPIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GUSA

GUSA Risk / Return Rank: 70
GUSA Sharpe Ratio Rank: 70
GUSA Sortino Ratio Rank: 68
GUSA Omega Ratio Rank: 68
GUSA Calmar Ratio Rank: 67
GUSA Martin Ratio Rank: 78

GPIX

GPIX Risk / Return Rank: 85
GPIX Sharpe Ratio Rank: 85
GPIX Sortino Ratio Rank: 84
GPIX Omega Ratio Rank: 85
GPIX Calmar Ratio Rank: 80
GPIX Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GUSA vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) 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.

	GUSA	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.74	2.03	-0.29
Sortino ratio: Return per unit of downside risk	2.41	2.81	-0.41
Omega ratio: Gain probability vs. loss probability	1.31	1.38	-0.07
Calmar ratio: Return relative to maximum drawdown	2.52	2.93	-0.41
Martin ratio: Return relative to average drawdown	10.76	13.84	-3.07

GUSA vs. GPIX - Sharpe Ratio Comparison

The current GUSA Sharpe Ratio is 1.74, which is comparable to the GPIX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of GUSA 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.

Drawdowns

GUSA vs. GPIX - Drawdown Comparison

The maximum GUSA drawdown since its inception was -19.61%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for GUSA and GPIX.

Drawdown Indicators

	GUSA	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.61%	-17.50%	-2.11%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-7.71%	-1.30%
Max Drawdown (3Y) Largest decline over 3 years	-19.61%	—	—
Current Drawdown Current decline from peak	-0.03%	0.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-4.28%	-1.46%	-2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.63%	+0.48%

Volatility

GUSA vs. GPIX - Volatility Comparison

Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) has a higher volatility of 3.78% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 3.25%. This indicates that GUSA'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

	GUSA	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	3.25%	+0.53%
Volatility (6M) Calculated over the trailing 6-month period	10.32%	9.03%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	11.13%	+1.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.18%	13.76%	+3.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.18%	13.76%	+3.42%

GUSA vs. GPIX - Expense Ratio Comparison

GUSA has a 0.11% expense ratio, which is lower than GPIX's 0.29% expense ratio.

Dividends

GUSA vs. GPIX - Dividend Comparison

GUSA's dividend yield for the trailing twelve months is around 0.97%, less than GPIX's 8.14% yield.

Position	TTM	2025	2024	2023	2022
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.14%	8.01%	7.45%	1.40%	0.00%
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF	0.97%	0.99%	1.16%	1.36%	1.00%

Frequently Asked Questions

Can I hold both GUSA and GPIX in my portfolio?

With a correlation of 0.99, GUSA 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.

Which is riskier, GUSA or GPIX?

GUSA has higher volatility (3.78%) compared to GPIX (3.25%). In terms of maximum drawdown, GUSA dropped -19.61% vs GPIX's -17.50%.

Which ETF is better, GUSA or GPIX?

On 1-year performance, GUSA leads with 22.62% vs 22.46% for GPIX. On fees, GUSA is cheaper at 0.11% per year. On volatility, GPIX has been the lower-risk option at 3.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GUSA or GPIX?

Over the 1-year period, GUSA has performed better with a 22.62% return vs 22.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GUSA or GPIX?

GUSA is cheaper with a 0.11% expense ratio, compared with 0.29% for GPIX.

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

GPIX has the higher dividend yield at 8.14%, compared with 0.97% for GUSA.

What is the main difference between GUSA and GPIX?

GUSA is categorized as Large Cap Blend Equities, while GPIX is Derivative Income. Their fees differ too: 0.11% for GUSA and 0.29% for GPIX.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (2.03 vs 1.74), 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.