HIYY vs. GPIX
HIYY (YieldMax HIMS Option Income Strategy ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. HIYY charges 0.99%/yr vs 0.29%/yr for GPIX.
Performance
HIYY vs. GPIX - Performance Comparison
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Returns By Period
In the year-to-date period, HIYY achieves a -1.66% return, which is significantly lower than GPIX's 7.99% return.
HIYY
- 1D
- -2.05%
- 1M
- 26.22%
- YTD
- -1.66%
- 6M
- -6.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GPIX
- 1D
- -1.30%
- 1M
- -0.78%
- YTD
- 7.99%
- 6M
- 7.32%
- 1Y
- 22.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIYY vs. GPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIYY YieldMax HIMS Option Income Strategy ETF | -1.66% | -37.34% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 7.99% | 3.33% |
Correlation
The correlation between HIYY and GPIX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 23, 2025 | 0.40 |
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Return for Risk
HIYY vs. GPIX — Risk / Return Rank
HIYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GPIX
HIYY vs. GPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax HIMS Option Income Strategy ETF (HIYY) 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.
| HIYY | GPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.39 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.88 | — |
| Martin ratioReturn relative to average drawdown | — | 13.99 | — |
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Drawdowns
HIYY vs. GPIX - Drawdown Comparison
The maximum HIYY drawdown since its inception was -73.95%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for HIYY and GPIX.
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Drawdown Indicators
| HIYY | GPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.95% | -17.50% | -56.45% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.71% | — |
Current DrawdownCurrent decline from peak | -43.93% | -2.22% | -41.71% |
Average DrawdownAverage peak-to-trough decline | -43.95% | -1.48% | -42.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.58% | — |
Volatility
HIYY vs. GPIX - Volatility Comparison
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Volatility by Period
| HIYY | GPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.75% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 84.42% | 10.82% | +73.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.42% | 13.89% | +70.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.42% | 13.89% | +70.53% |
HIYY vs. GPIX - Expense Ratio Comparison
HIYY has a 0.99% expense ratio, which is higher than GPIX's 0.29% expense ratio.
Dividends
HIYY vs. GPIX - Dividend Comparison
HIYY's dividend yield for the trailing twelve months is around 84.48%, more than GPIX's 8.14% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.14% | 8.01% | 7.45% | 1.40% |
HIYY YieldMax HIMS Option Income Strategy ETF | 84.48% | 29.99% | 0.00% | 0.00% |
Frequently Asked Questions
HIYY and GPIX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
GPIX is cheaper with a 0.29% expense ratio, compared with 0.99% for HIYY.
HIYY has the higher dividend yield at 84.48%, compared with 8.14% for GPIX.
They also come from different issuers: YieldMax and Goldman Sachs. Their fees differ too: 0.99% for HIYY and 0.29% for GPIX.
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