ITDD vs. GPIX

Last updated Jun 24, 2026

ITDD (Ishares Lifepath Target Date 2040 ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - ITDD is a Target Retirement Date fund actively managed by iShares, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. Both are actively managed. Over the past year, ITDD returned 20.04% vs 22.07% for GPIX. Their correlation of 0.90 suggests significant overlap in exposure. ITDD charges 0.11%/yr vs 0.29%/yr for GPIX.

Performance

ITDD vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Lifepath Target Date 2040 ETF (ITDD) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ITDD having a 8.11% return and GPIX slightly lower at 7.99%.

ITDD

• 1D: -1.22%
• 1M: 0.09%
• YTD: 8.11%
• 6M: 7.50%
• 1Y: 20.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIX

• 1D: -1.30%
• 1M: -0.78%
• YTD: 7.99%
• 6M: 7.32%
• 1Y: 22.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ITDD vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ITDD Ishares Lifepath Target Date 2040 ETF	8.11%	17.66%	13.08%	14.53%
GPIX Goldman Sachs S&P 500 Premium Income ETF	7.99%	16.25%	21.77%	13.04%

Correlation

The correlation between ITDD and GPIX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.90

The correlation between ITDD and GPIX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

ITDD vs. GPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ITDD

ITDD Risk / Return Rank: 62
ITDD Sharpe Ratio Rank: 63
ITDD Sortino Ratio Rank: 62
ITDD Omega Ratio Rank: 63
ITDD Calmar Ratio Rank: 57
ITDD Martin Ratio Rank: 66

GPIX

GPIX Risk / Return Rank: 66
GPIX Sharpe Ratio Rank: 65
GPIX Sortino Ratio Rank: 63
GPIX Omega Ratio Rank: 67
GPIX Calmar Ratio Rank: 60
GPIX Martin Ratio Rank: 76

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.

ITDD vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2040 ETF (ITDD) 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.

	ITDD	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	2.05	-0.10
Sortino ratio: Return per unit of downside risk	2.74	2.81	-0.08
Omega ratio: Gain probability vs. loss probability	1.36	1.39	-0.03
Calmar ratio: Return relative to maximum drawdown	2.66	2.88	-0.22
Martin ratio: Return relative to average drawdown	11.44	13.99	-2.55

ITDD vs. GPIX - Sharpe Ratio Comparison

The current ITDD Sharpe Ratio is 1.96, which is comparable to the GPIX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of ITDD 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.

Drawdowns

ITDD vs. GPIX - Drawdown Comparison

The maximum ITDD drawdown since its inception was -12.46%, smaller than the maximum GPIX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for ITDD and GPIX.

Drawdown Indicators

	ITDD	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-12.46%	-17.50%	+5.04%
Max Drawdown (1Y) Largest decline over 1 year	-7.56%	-7.71%	+0.15%
Current Drawdown Current decline from peak	-1.59%	-2.22%	+0.63%
Average Drawdown Average peak-to-trough decline	-1.25%	-1.48%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	1.58%	+0.18%

Volatility

ITDD vs. GPIX - Volatility Comparison

Ishares Lifepath Target Date 2040 ETF (ITDD) and Goldman Sachs S&P 500 Premium Income ETF (GPIX) have volatilities of 4.07% and 4.26%, 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.

Volatility by Period

	ITDD	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	4.26%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	8.62%	8.75%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	10.31%	10.82%	-0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.56%	13.89%	-2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.56%	13.89%	-2.33%

ITDD vs. GPIX - Expense Ratio Comparison

ITDD has a 0.11% expense ratio, which is lower than GPIX's 0.29% expense ratio.

Dividends

ITDD vs. GPIX - Dividend Comparison

ITDD's dividend yield for the trailing twelve months is around 1.69%, less 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%
ITDD Ishares Lifepath Target Date 2040 ETF	1.69%	1.82%	1.56%	0.89%

Frequently Asked Questions

Can I hold both ITDD and GPIX in my portfolio?

With a correlation of 0.93, ITDD and GPIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ITDD or GPIX?

GPIX has higher volatility (4.26%) compared to ITDD (4.07%). In terms of maximum drawdown, ITDD dropped -12.46% vs GPIX's -17.50%.

Which ETF is better, ITDD or GPIX?

On 1-year performance, GPIX leads with 22.07% vs 20.04% for ITDD. On fees, ITDD is cheaper at 0.11% per year. On volatility, ITDD has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ITDD or GPIX?

Over the 1-year period, GPIX has performed better with a 22.07% return vs 20.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITDD or GPIX?

ITDD is cheaper with a 0.11% expense ratio, compared with 0.29% for GPIX.

Which ETF pays a higher dividend yield, ITDD or GPIX?

GPIX has the higher dividend yield at 8.14%, compared with 1.69% for ITDD.

What is the main difference between ITDD and GPIX?

ITDD is categorized as Target Retirement Date, while GPIX is Derivative Income. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.11% for ITDD and 0.29% for GPIX.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (2.05 vs 1.96), 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.