HEMI vs. GPIX

Last updated Jun 5, 2026

HEMI (Hartford Equity Premium Income ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.95 suggests significant overlap in exposure. HEMI charges 0.49%/yr vs 0.29%/yr for GPIX.

Performance

HEMI vs. GPIX - Performance Comparison

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

Returns By Period

In the year-to-date period, HEMI achieves a 8.94% return, which is significantly lower than GPIX's 10.24% return.

HEMI

• 1D: 0.45%
• 1M: 3.66%
• YTD: 8.94%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIX

• 1D: 0.31%
• 1M: 3.92%
• YTD: 10.24%
• 6M: 10.60%
• 1Y: 25.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HEMI vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025
HEMI Hartford Equity Premium Income ETF	8.94%	1.92%
GPIX Goldman Sachs S&P 500 Premium Income ETF	10.24%	1.77%

Correlation

The correlation between HEMI and GPIX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.95

Return for Risk

HEMI vs. GPIX — Risk / Return Rank

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

GPIX

GPIX Risk / Return Rank: 79
GPIX Sharpe Ratio Rank: 80
GPIX Sortino Ratio Rank: 80
GPIX Omega Ratio Rank: 82
GPIX Calmar Ratio Rank: 69
GPIX Martin Ratio Rank: 84

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.

HEMI vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Equity Premium Income ETF (HEMI) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HEMI	GPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.08	1.79	+0.29

Drawdowns

HEMI vs. GPIX - Drawdown Comparison

The maximum HEMI drawdown since its inception was -7.80%, smaller than the maximum GPIX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for HEMI and GPIX.

Drawdown Indicators

	HEMI	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-7.80%	-17.50%	+9.70%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.71%	—
Current Drawdown Current decline from peak	0.00%	-0.18%	+0.18%
Average Drawdown Average peak-to-trough decline	-1.25%	-1.48%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.53%	—

Volatility

Volatility by Period

	HEMI	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.45%	10.17%	+2.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.45%	13.79%	-1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.45%	13.79%	-1.34%

HEMI vs. GPIX - Expense Ratio Comparison

HEMI has a 0.49% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

HEMI vs. GPIX - Dividend Comparison

HEMI's dividend yield for the trailing twelve months is around 3.44%, less than GPIX's 7.97% yield.

Position	TTM	2025	2024	2023
GPIX Goldman Sachs S&P 500 Premium Income ETF	7.97%	8.01%	7.45%	1.40%
HEMI Hartford Equity Premium Income ETF	3.44%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HEMI and GPIX in my portfolio?

With a correlation of 0.95, HEMI 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 ETF is better, HEMI or GPIX?

On fees, GPIX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HEMI or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.49% for HEMI.

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

GPIX has the higher dividend yield at 7.97%, compared with 3.44% for HEMI.

What is the main difference between HEMI and GPIX?

They also come from different issuers: Hartford Funds and Goldman Sachs. Their fees differ too: 0.49% for HEMI and 0.29% for GPIX.