HCXY vs. GPIX
HCXY (Hercules Capital, Inc.) is a stock, while GPIX (Goldman Sachs S&P 500 Premium Income ETF) is Derivative Income fund actively managed by Goldman Sachs. Over the past year, HCXY returned 7.47% vs 25.55% for GPIX. At a 0.01 correlation, their price movements are largely independent.
Performance
HCXY vs. GPIX - Performance Comparison
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Returns By Period
In the year-to-date period, HCXY achieves a 0.99% return, which is significantly lower than GPIX's 9.91% return.
HCXY
- 1D
- 0.00%
- 1M
- 0.36%
- YTD
- 0.99%
- 6M
- 1.74%
- 1Y
- 7.47%
- 3Y*
- 8.01%
- 5Y*
- 4.68%
- 10Y*
- —
GPIX
- 1D
- -0.48%
- 1M
- 4.27%
- YTD
- 9.91%
- 6M
- 10.34%
- 1Y
- 25.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HCXY vs. GPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HCXY Hercules Capital, Inc. | 0.99% | 7.78% | 6.10% | 9.50% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 9.91% | 16.25% | 21.77% | 13.45% |
Correlation
The correlation between HCXY and GPIX is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.01 |
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Return for Risk
HCXY vs. GPIX — Risk / Return Rank
HCXY
GPIX
HCXY vs. GPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hercules Capital, Inc. (HCXY) 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.
| HCXY | GPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.48 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 3.33 | -0.99 |
| Martin ratioReturn relative to average drawdown | 6.03 | 16.77 | -10.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HCXY | GPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 2.52 | -1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 1.78 | -1.39 |
Drawdowns
HCXY vs. GPIX - Drawdown Comparison
The maximum HCXY drawdown since its inception was -34.76%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for HCXY and GPIX.
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Drawdown Indicators
| HCXY | GPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.76% | -17.50% | -17.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -7.71% | +4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -7.43% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.23% | — | — |
Current DrawdownCurrent decline from peak | -1.00% | -0.48% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -1.48% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 1.53% | -0.29% |
Volatility
HCXY vs. GPIX - Volatility Comparison
The current volatility for Hercules Capital, Inc. (HCXY) is 2.05%, while Goldman Sachs S&P 500 Premium Income ETF (GPIX) has a volatility of 2.26%. This indicates that HCXY 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.
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Volatility by Period
| HCXY | GPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 2.26% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 4.99% | 7.89% | -2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.98% | 10.17% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.31% | 13.80% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.45% | 13.80% | +3.65% |
Dividends
HCXY vs. GPIX - Dividend Comparison
HCXY's dividend yield for the trailing twelve months is around 6.26%, less than GPIX's 8.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
HCXY Hercules Capital, Inc. | 6.26% | 6.13% | 6.21% | 6.19% | 6.35% | 5.86% | 5.83% | 5.93% | 0.67% |
Frequently Asked Questions
HCXY and GPIX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GPIX has higher volatility (2.26%) compared to HCXY (2.05%). In terms of maximum drawdown, HCXY dropped -34.76% vs GPIX's -17.50%.
GPIX currently has the higher Sharpe Ratio (2.52 vs 0.94), 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.
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