ITOT vs. GPIX

Last updated Jul 26, 2026

ITOT (iShares Core S&P Total U.S. Stock Market ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - ITOT is a Large Cap Blend Equities fund tracking the S&P Total Market Index, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. ITOT is passively managed, while GPIX is actively managed. Over the past year, ITOT returned 17.56% vs 17.54% for GPIX. Their 0.98 correlation means they have historically moved very closely together. ITOT charges 0.03%/yr vs 0.29%/yr for GPIX.

Performance

ITOT vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Total U.S. Stock Market ETF (ITOT) 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 ITOT having a 9.48% return and GPIX slightly lower at 9.04%.

ITOT

• 1D: 0.07%
• 1M: 0.48%
• 6M: 7.83%
• YTD: 9.48%
• 1Y: 17.56%
• 3Y*: 18.70%
• 5Y*: 11.47%
• 10Y*: 14.42%
• ALL TIME*: 10.52%

GPIX

• 1D: 0.09%
• 1M: 1.01%
• 6M: 7.83%
• YTD: 9.04%
• 1Y: 17.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GPIX Goldman Sachs S&P 500 Premium Income ETF	$50.34M	$51.86M	$49.74M
ITOT iShares Core S&P Total U.S. Stock Market ETF	$228.53M	$259.55M	$322.53M

ITOT vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ITOT iShares Core S&P Total U.S. Stock Market ETF	9.48%	17.00%	23.80%	15.60%
GPIX Goldman Sachs S&P 500 Premium Income ETF	9.04%	16.25%	21.77%	13.04%

Correlation

The correlation between ITOT and GPIX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.98

The correlation between ITOT and GPIX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

ITOT vs. GPIX - Sectors Allocation Comparison

Sectors	ITOT	GPIX
Technology	36.4%	38.5%
Financial Services	11.9%	11.9%
Industrials	9.9%	8.4%
Healthcare	9.5%	8.9%
Consumer Cyclical	9.5%	9.5%
Communication Services	9.1%	9.5%
Consumer Defensive	4.3%	4.7%
Energy	3.1%	3.0%
Real Estate	2.3%	1.8%
Utilities	2.2%	2.2%
Basic Materials	1.9%	1.7%

Return for Risk

ITOT vs. GPIX — Risk / Return Rank

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

ITOT

ITOT Risk / Return Rank: 61
ITOT Sharpe Ratio Rank: 60
ITOT Sortino Ratio Rank: 58
ITOT Omega Ratio Rank: 58
ITOT Calmar Ratio Rank: 58
ITOT Martin Ratio Rank: 71

GPIX

GPIX Risk / Return Rank: 73
GPIX Sharpe Ratio Rank: 72
GPIX Sortino Ratio Rank: 71
GPIX Omega Ratio Rank: 73
GPIX Calmar Ratio Rank: 67
GPIX Martin Ratio Rank: 82

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.

ITOT vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Total U.S. Stock Market ETF (ITOT) 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.

	ITOT	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.64	-0.24
Sortino ratio: Return per unit of downside risk	1.97	2.30	-0.33
Omega ratio: Gain probability vs. loss probability	1.25	1.30	-0.05
Calmar ratio: Return relative to maximum drawdown	2.04	2.33	-0.30
Martin ratio: Return relative to average drawdown	8.79	11.09	-2.30

ITOT vs. GPIX - Sharpe Ratio Comparison

The current ITOT Sharpe Ratio is 1.40, which is comparable to the GPIX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of ITOT 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

ITOT vs. GPIX - Drawdown Comparison

The maximum ITOT drawdown since its inception was -55.20%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for ITOT and GPIX.

Drawdown Indicators

	ITOT	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-55.20%	-17.50%	-37.70%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-7.71%	-1.19%
Max Drawdown (3Y) Largest decline over 3 years	-19.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.36%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.00%	—	—
Current Drawdown Current decline from peak	-2.31%	-1.65%	-0.66%
Average Drawdown Average peak-to-trough decline	-6.94%	-1.46%	-5.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.62%	+0.44%

Volatility

ITOT vs. GPIX - Volatility Comparison

iShares Core S&P Total U.S. Stock Market ETF (ITOT) has a higher volatility of 3.06% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 2.63%. This indicates that ITOT'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.

Volatility by Period

	ITOT	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	2.63%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	8.74%	+1.28%
Volatility (1Y) Calculated over the trailing 1-year period	12.94%	10.98%	+1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	13.75%	+3.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.25%	13.75%	+4.50%

ITOT vs. GPIX - Expense Ratio Comparison

ITOT has a 0.03% expense ratio, which is lower than GPIX's 0.29% expense ratio.

Dividends

ITOT vs. GPIX - Dividend Comparison

ITOT's dividend yield for the trailing twelve months is around 1.02%, less than GPIX's 8.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.19%	8.01%	7.45%	1.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ITOT iShares Core S&P Total U.S. Stock Market ETF	1.02%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%

Frequently Asked Questions

Can I hold both ITOT and GPIX in my portfolio?

With a correlation of 0.99, ITOT 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, ITOT or GPIX?

ITOT has higher volatility (3.06%) compared to GPIX (2.63%). In terms of maximum drawdown, ITOT dropped -55.20% vs GPIX's -17.50%.

Which ETF is better, ITOT or GPIX?

On 1-year performance, ITOT leads with 17.56% vs 17.54% for GPIX. On fees, ITOT is cheaper at 0.03% per year. On volatility, GPIX has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ITOT or GPIX?

Over the 1-year period, ITOT has performed better with a 17.56% return vs 17.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITOT or GPIX?

ITOT is cheaper with a 0.03% expense ratio, compared with 0.29% for GPIX.

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

GPIX has the higher dividend yield at 8.19%, compared with 1.02% for ITOT.

What is the main difference between ITOT and GPIX?

ITOT is categorized as Large Cap Blend Equities, while GPIX is Derivative Income. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.03% for ITOT and 0.29% for GPIX.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (1.64 vs 1.40), 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.