ISPY vs. GPIX
Compare and contrast key facts about ProShares S&P 500 High Income ETF (ISPY) and Goldman Sachs S&P 500 Core Premium Income ETF (GPIX).
ISPY and GPIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISPY is a passively managed fund by ProShares that tracks the performance of the S&P 500 Daily Covered Call Index. It was launched on Dec 18, 2023. GPIX is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ISPY or GPIX.
Correlation
The correlation between ISPY and GPIX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ISPY vs. GPIX - Performance Comparison
Key characteristics
ISPY:
2.09
GPIX:
2.19
ISPY:
2.72
GPIX:
2.93
ISPY:
1.37
GPIX:
1.43
ISPY:
3.13
GPIX:
3.49
ISPY:
12.96
GPIX:
15.42
ISPY:
1.90%
GPIX:
1.58%
ISPY:
11.81%
GPIX:
11.08%
ISPY:
-7.88%
GPIX:
-6.97%
ISPY:
-0.98%
GPIX:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with ISPY having a 2.55% return and GPIX slightly lower at 2.51%.
ISPY
2.55%
1.45%
8.78%
23.73%
N/A
N/A
GPIX
2.51%
1.95%
9.83%
22.89%
N/A
N/A
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ISPY vs. GPIX - Expense Ratio Comparison
ISPY has a 0.55% expense ratio, which is higher than GPIX's 0.29% expense ratio.
Risk-Adjusted Performance
ISPY vs. GPIX — Risk-Adjusted Performance Rank
ISPY
GPIX
ISPY vs. GPIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 High Income ETF (ISPY) and Goldman Sachs S&P 500 Core 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.
Dividends
ISPY vs. GPIX - Dividend Comparison
ISPY's dividend yield for the trailing twelve months is around 9.59%, more than GPIX's 8.02% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
ISPY ProShares S&P 500 High Income ETF | 9.59% | 9.84% | 0.00% |
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | 8.02% | 7.46% | 1.40% |
Drawdowns
ISPY vs. GPIX - Drawdown Comparison
The maximum ISPY drawdown since its inception was -7.88%, which is greater than GPIX's maximum drawdown of -6.97%. Use the drawdown chart below to compare losses from any high point for ISPY and GPIX. For additional features, visit the drawdowns tool.
Volatility
ISPY vs. GPIX - Volatility Comparison
ProShares S&P 500 High Income ETF (ISPY) and Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) have volatilities of 4.87% and 4.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.