IOYY vs. GPIX
IOYY (GraniteShares YieldBOOST IONQ ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. IOYY charges 1.07%/yr vs 0.29%/yr for GPIX.
Performance
IOYY vs. GPIX - Performance Comparison
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Returns By Period
In the year-to-date period, IOYY achieves a -20.70% return, which is significantly lower than GPIX's 10.39% return.
IOYY
- 1D
- -0.82%
- 1M
- -9.01%
- 6M
- -26.94%
- YTD
- -20.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GPIX
- 1D
- -0.41%
- 1M
- 0.57%
- 6M
- 8.97%
- YTD
- 10.39%
- 1Y
- 20.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IOYY vs. GPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IOYY GraniteShares YieldBOOST IONQ ETF | -20.70% | -13.50% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 10.39% | 0.83% |
Correlation
The correlation between IOYY and GPIX is 0.41, 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 Nov 4, 2025 | 0.41 |
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Return for Risk
IOYY vs. GPIX — Risk / Return Rank
IOYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GPIX
IOYY vs. GPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST IONQ ETF (IOYY) 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.
| IOYY | GPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.73 | — |
| Martin ratioReturn relative to average drawdown | — | 13.07 | — |
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Drawdowns
IOYY vs. GPIX - Drawdown Comparison
The maximum IOYY drawdown since its inception was -38.47%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for IOYY and GPIX.
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Drawdown Indicators
| IOYY | GPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.47% | -17.50% | -20.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.71% | — |
Current DrawdownCurrent decline from peak | -35.68% | -0.43% | -35.25% |
Average DrawdownAverage peak-to-trough decline | -24.26% | -1.47% | -22.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.61% | — |
Volatility
IOYY vs. GPIX - Volatility Comparison
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Volatility by Period
| IOYY | GPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.95% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.06% | 10.89% | +21.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.06% | 13.78% | +18.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.06% | 13.78% | +18.28% |
IOYY vs. GPIX - Expense Ratio Comparison
IOYY has a 1.07% expense ratio, which is higher than GPIX's 0.29% expense ratio.
Dividends
IOYY vs. GPIX - Dividend Comparison
IOYY's dividend yield for the trailing twelve months is around 165.60%, more than GPIX's 8.09% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.09% | 8.01% | 7.45% | 1.40% |
IOYY GraniteShares YieldBOOST IONQ ETF | 165.60% | 28.55% | 0.00% | 0.00% |
Frequently Asked Questions
IOYY and GPIX have a correlation of 0.41, 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 1.07% for IOYY.
IOYY has the higher dividend yield at 165.60%, compared with 8.09% for GPIX.
They also come from different issuers: GraniteShares and Goldman Sachs. Their fees differ too: 1.07% for IOYY and 0.29% for GPIX.
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