HDV vs. GPIX
HDV (iShares Core High Dividend ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. HDV is passively managed, while GPIX is actively managed. Over the past year, HDV returned 24.04% vs 17.54% for GPIX. Their 0.26 correlation means their historical movements had little consistent relationship. HDV charges 0.08%/yr vs 0.29%/yr for GPIX.
Performance
HDV vs. GPIX - Performance Comparison
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Returns By Period
In the year-to-date period, HDV achieves a 20.12% return, which is significantly higher than GPIX's 9.04% return.
HDV
- 1D
- 1.23%
- 1M
- 4.76%
- 6M
- 13.60%
- YTD
- 20.12%
- 1Y
- 24.04%
- 3Y*
- 15.34%
- 5Y*
- 12.15%
- 10Y*
- 9.50%
- ALL TIME*
- 10.85%
GPIX
- 1D
- 0.09%
- 1M
- 1.01%
- 6M
- 7.83%
- YTD
- 9.04%
- 1Y
- 17.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 22.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $50.34M | $51.86M | $49.74M | |
| $163.75M | $142.23M | $95.79M |
HDV vs. GPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 20.12% | 11.90% | 14.16% | 6.75% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 9.04% | 16.25% | 21.77% | 13.04% |
Correlation
The correlation between HDV and GPIX is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.26 |
Over the past year, the correlation between HDV and GPIX has dropped to 0.01 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
HDV vs. GPIX - Sectors Allocation Comparison
Sectors
HDV
GPIX
Consumer Defensive
Healthcare
Energy
Consumer Cyclical
Utilities
Communication Services
Financial Services
Industrials
Technology
Basic Materials
Real Estate
-
Consumer Defensive
HDV
GPIX
Healthcare
HDV
GPIX
Energy
HDV
GPIX
Consumer Cyclical
HDV
GPIX
Utilities
HDV
GPIX
Communication Services
HDV
GPIX
Financial Services
HDV
GPIX
Industrials
HDV
GPIX
Technology
HDV
GPIX
Basic Materials
HDV
GPIX
Real Estate
HDV
-
GPIX
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Return for Risk
HDV vs. GPIX — Risk / Return Rank
HDV
GPIX
HDV vs. GPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) 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.
| HDV | GPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.30 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 2.33 | +2.32 |
| Martin ratioReturn relative to average drawdown | 12.72 | 11.09 | +1.62 |
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Drawdowns
HDV vs. GPIX - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for HDV and GPIX.
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Drawdown Indicators
| HDV | GPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -17.50% | -19.54% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -7.71% | +2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.65% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -1.46% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 1.62% | +0.27% |
Volatility
HDV vs. GPIX - Volatility Comparison
iShares Core High Dividend ETF (HDV) has a higher volatility of 4.88% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 2.63%. This indicates that HDV'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
| HDV | GPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 2.63% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 8.74% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.74% | 10.98% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.93% | 13.75% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 13.75% | +2.02% |
HDV vs. GPIX - Expense Ratio Comparison
HDV has a 0.08% expense ratio, which is lower than GPIX's 0.29% expense ratio.
Dividends
HDV vs. GPIX - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 3.07%, less than GPIX's 8.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.19% | 8.01% | 7.45% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDV iShares Core High Dividend ETF | 3.07% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Frequently Asked Questions
HDV and GPIX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDV has higher volatility (4.88%) compared to GPIX (2.63%). In terms of maximum drawdown, HDV dropped -37.04% vs GPIX's -17.50%.
On 1-year performance, HDV leads with 24.04% vs 17.54% for GPIX. On fees, HDV is cheaper at 0.08% per year. On volatility, GPIX has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HDV has performed better with a 24.04% return vs 17.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.29% for GPIX.
GPIX has the higher dividend yield at 8.19%, compared with 3.07% for HDV.
HDV is categorized as Dividend, while GPIX is Derivative Income. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.08% for HDV and 0.29% for GPIX.
HDV currently has the higher Sharpe Ratio (2.24 vs 1.64), 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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