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IJR vs. GPIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJR vs. GPIX

Last updated Jun 16, 2026

IJR (iShares Core S&P Small-Cap ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. IJR is passively managed, while GPIX is actively managed. Over the past year, IJR returned 37.16% vs 25.72% for GPIX. A 0.72 correlation means they provide meaningful diversification when combined. IJR charges 0.06%/yr vs 0.29%/yr for GPIX.

Performance

IJR vs. GPIX - Performance Comparison

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

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Returns By Period

In the year-to-date period, IJR achieves a 19.86% return, which is significantly higher than GPIX's 10.28% return.

IJR

1D
0.11%
1M
7.39%
YTD
19.86%
6M
16.97%
1Y
37.16%
3Y*
15.09%
5Y*
6.35%
10Y*
11.21%

GPIX

1D
1.51%
1M
2.08%
YTD
10.28%
6M
10.95%
1Y
25.72%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJR vs. GPIX - Yearly Performance Comparison

2026 (YTD)202520242023
IJR
iShares Core S&P Small-Cap ETF		19.86%5.89%8.63%22.93%
GPIX
Goldman Sachs S&P 500 Premium Income ETF		10.28%16.25%21.77%13.04%

Correlation

The correlation between IJR and GPIX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Oct 26, 2023

0.72

The correlation between IJR and GPIX has been stable across timeframes, ranging from 0.72 to 0.73 - a consistent structural relationship.

IJR vs. GPIX - Sectors Allocation Comparison

Sectors
IJR
GPIX

Financial Services

16.0%
10.9%

Industrials

16.0%
7.7%

Technology

15.9%
39.2%

Consumer Cyclical

12.5%
10.1%

Healthcare

11.0%
8.3%

Real Estate

7.5%
1.8%

Energy

6.8%
3.2%

Basic Materials

4.7%
1.7%

Communication Services

3.2%
10.7%

Consumer Defensive

3.2%
4.4%

Utilities

1.9%
2.2%

Financial Services

IJR
16.0%
GPIX
10.9%

Industrials

IJR
16.0%
GPIX
7.7%

Technology

IJR
15.9%
GPIX
39.2%

Consumer Cyclical

IJR
12.5%
GPIX
10.1%

Healthcare

IJR
11.0%
GPIX
8.3%

Real Estate

IJR
7.5%
GPIX
1.8%

Energy

IJR
6.8%
GPIX
3.2%

Basic Materials

IJR
4.7%
GPIX
1.7%

Communication Services

IJR
3.2%
GPIX
10.7%

Consumer Defensive

IJR
3.2%
GPIX
4.4%

Utilities

IJR
1.9%
GPIX
2.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core S&P Small-Cap ETF

Goldman Sachs S&P 500 Premium Income ETF

Often compared with IJR:
IJR vs. IWMIJR vs. VBIJR vs. AVUVIJR vs. IJSIJR vs. IJHIJR vs. SCHAIJR vs. VBR
Often compared with GPIX:
GPIX vs. GPIQGPIX vs. SPYIGPIX vs. JEPIGPIX vs. SPYGPIX vs. VOOGPIX vs. JEPQGPIX vs. BALI

Return for Risk

IJR vs. GPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJR
IJR Risk / Return Rank: 7777
Overall Rank
IJR Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
IJR Sortino Ratio Rank: 7676
Sortino Ratio Rank
IJR Omega Ratio Rank: 6868
Omega Ratio Rank
IJR Calmar Ratio Rank: 8686
Calmar Ratio Rank
IJR Martin Ratio Rank: 8282
Martin Ratio Rank
GPIX
GPIX Risk / Return Rank: 8383
Overall Rank
GPIX Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
GPIX Sortino Ratio Rank: 8484
Sortino Ratio Rank
GPIX Omega Ratio Rank: 8686
Omega Ratio Rank
GPIX Calmar Ratio Rank: 7373
Calmar Ratio Rank
GPIX Martin Ratio Rank: 8686
Martin Ratio Rank
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.

IJR vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Small-Cap ETF (IJR) 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.

IJRGPIXDifference
Sharpe ratioReturn per unit of total volatility
2.12
2.42

-0.31

Sortino ratioReturn per unit of downside risk
3.03
3.30

-0.27

Omega ratioGain probability vs. loss probability

1.36

1.46

-0.10

Calmar ratioReturn relative to maximum drawdown

4.30

3.35

+0.95

Martin ratioReturn relative to average drawdown

14.44

16.40

-1.96

IJR vs. GPIX - Sharpe Ratio Comparison

The current IJR Sharpe Ratio is 2.12, which is comparable to the GPIX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of IJR and GPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IJR vs. GPIX - Drawdown Comparison

The maximum IJR drawdown since its inception was -58.15%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for IJR and GPIX.

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Drawdown Indicators

IJRGPIXDifference

Max Drawdown

Largest peak-to-trough decline

-58.15%

-17.50%

-40.65%

Max Drawdown (1Y)

Largest decline over 1 year

-8.68%

-7.71%

-0.97%

Max Drawdown (3Y)

Largest decline over 3 years

-28.02%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-28.02%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-44.36%

—

—

Current Drawdown

Current decline from peak

0.00%

-0.14%

+0.14%

Average Drawdown

Average peak-to-trough decline

-9.27%

-1.48%

-7.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.58%

1.57%

+1.01%

Volatility

IJR vs. GPIX - Volatility Comparison

iShares Core S&P Small-Cap ETF (IJR) has a higher volatility of 5.17% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 4.00%. This indicates that IJR'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

IJRGPIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.17%

4.00%

+1.17%

Volatility (6M)

Calculated over the trailing 6-month period

11.93%

8.63%

+3.30%

Volatility (1Y)

Calculated over the trailing 1-year period

17.67%

10.69%

+6.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.44%

13.88%

+7.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.93%

13.88%

+9.05%

IJR vs. GPIX - Expense Ratio Comparison

IJR has a 0.06% expense ratio, which is lower than GPIX's 0.29% expense ratio.

Dividends

IJR vs. GPIX - Dividend Comparison

IJR's dividend yield for the trailing twelve months is around 1.42%, less than GPIX's 7.97% yield.

PositionTTM20252024202320222021202020192018201720162015
GPIX
Goldman Sachs S&P 500 Premium Income ETF		7.97%8.01%7.45%1.40%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IJR
iShares Core S&P Small-Cap ETF		1.42%1.44%2.05%1.31%1.41%1.53%1.11%1.44%1.58%1.20%1.22%1.48%

Frequently Asked Questions

IJR and GPIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IJR has higher volatility (5.17%) compared to GPIX (4.00%). In terms of maximum drawdown, IJR dropped -58.15% vs GPIX's -17.50%.

On 1-year performance, IJR leads with 37.16% vs 25.72% for GPIX. On fees, IJR is cheaper at 0.06% per year. On volatility, GPIX has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, IJR has performed better with a 37.16% return vs 25.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJR is cheaper with a 0.06% expense ratio, compared with 0.29% for GPIX.

GPIX has the higher dividend yield at 7.97%, compared with 1.42% for IJR.

IJR is categorized as Small Cap Blend Equities, while GPIX is Derivative Income. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.06% for IJR and 0.29% for GPIX.

GPIX currently has the higher Sharpe Ratio (2.42 vs 2.12), 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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