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.
Key characteristics
| ISPY | GPIX | |
|---|---|---|
| YTD Return | 23.21% | 23.04% |
| Daily Std Dev | 11.34% | 10.42% |
| Max Drawdown | -7.88% | -6.97% |
| Current Drawdown | -0.26% | 0.00% |
Correlation
The correlation between ISPY and GPIX is 0.94, 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
The year-to-date returns for both stocks are quite close, with ISPY having a 23.21% return and GPIX slightly lower at 23.04%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Not enough dataDividends
ISPY vs. GPIX - Dividend Comparison
ISPY's dividend yield for the trailing twelve months is around 8.44%, more than GPIX's 7.84% yield.
| TTM | 2023 | |
|---|---|---|
ISPY ProShares S&P 500 High Income ETF | 8.44% | 0.00% |
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | 7.84% | 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) has a higher volatility of 3.24% compared to Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) at 3.08%. This indicates that ISPY'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.