HDLB vs. GPIX
Compare and contrast key facts about ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) and Goldman Sachs S&P 500 Core Premium Income ETF (GPIX).
HDLB and GPIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDLB is a passively managed fund by UBS that tracks the performance of the Solactive US High Dividend Low Volatility (USD)(TR) (200%). It was launched on Oct 24, 2019. GPIX is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023.
Performance
HDLB vs. GPIX - Performance Comparison
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HDLB vs. GPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 17.61% | 27.26% | 28.21% | 26.26% |
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | -3.19% | 16.25% | 21.77% | 13.45% |
Returns By Period
In the year-to-date period, HDLB achieves a 17.61% return, which is significantly higher than GPIX's -3.19% return.
HDLB
- 1D
- 0.27%
- 1M
- -7.39%
- YTD
- 17.61%
- 6M
- 9.68%
- 1Y
- 20.54%
- 3Y*
- 25.14%
- 5Y*
- 15.09%
- 10Y*
- —
GPIX
- 1D
- 2.79%
- 1M
- -4.39%
- YTD
- -3.19%
- 6M
- -0.02%
- 1Y
- 16.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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HDLB vs. GPIX - Expense Ratio Comparison
HDLB has a 1.65% expense ratio, which is higher than GPIX's 0.29% expense ratio.
Return for Risk
HDLB vs. GPIX — Risk / Return Rank
HDLB
GPIX
HDLB vs. GPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) 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.
| HDLB | GPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 1.00 | -0.37 |
Sortino ratioReturn per unit of downside risk | 1.02 | 1.52 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.25 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.52 | -0.39 |
Martin ratioReturn relative to average drawdown | 3.80 | 7.97 | -4.17 |
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
| HDLB | GPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.00 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 1.43 | -1.31 |
Correlation
The correlation between HDLB and GPIX is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HDLB vs. GPIX - Dividend Comparison
HDLB's dividend yield for the trailing twelve months is around 10.80%, more than GPIX's 8.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 10.80% | 12.20% | 10.09% | 12.36% | 10.86% | 8.07% | 16.23% | 0.97% |
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | 8.60% | 8.01% | 7.45% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HDLB vs. GPIX - Drawdown Comparison
The maximum HDLB drawdown since its inception was -78.70%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for HDLB and GPIX.
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Drawdown Indicators
| HDLB | GPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.70% | -17.50% | -61.20% |
Max Drawdown (1Y)Largest decline over 1 year | -20.94% | -11.54% | -9.40% |
Max Drawdown (5Y)Largest decline over 5 years | -43.81% | — | — |
Current DrawdownCurrent decline from peak | -7.94% | -5.13% | -2.81% |
Average DrawdownAverage peak-to-trough decline | -27.93% | -1.54% | -26.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.23% | 2.20% | +4.03% |
Volatility
HDLB vs. GPIX - Volatility Comparison
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) has a higher volatility of 8.24% compared to Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) at 5.08%. This indicates that HDLB'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.
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Volatility by Period
| HDLB | GPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 5.08% | +3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 20.54% | 8.42% | +12.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.79% | 17.02% | +15.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.42% | 14.07% | +16.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.95% | 14.07% | +29.88% |