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IVV vs. GPIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVV vs. GPIX

Last updated Jul 26, 2026
Documentation

IVV (iShares Core S&P 500 ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - IVV is a S&P 500 fund tracking the S&P 500 Index, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. IVV is passively managed, while GPIX is actively managed. Over the past year, IVV returned 17.37% vs 17.54% for GPIX. Their 0.98 correlation means they have historically moved very closely together. IVV charges 0.03%/yr vs 0.29%/yr for GPIX.

Performance

IVV vs. GPIX - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with IVV having a 8.96% return and GPIX slightly higher at 9.04%.

IVV

1D
0.10%
1M
0.80%
6M
7.81%
YTD
8.96%
1Y
17.37%
3Y*
19.07%
5Y*
12.51%
10Y*
14.93%
ALL TIME*
8.41%

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

PositionAvg. 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

IVV

iShares Core S&P 500 ETF
$3.37B$4.55B$5.92B

IVV vs. GPIX - Yearly Performance Comparison

2026 (YTD)202520242023
IVV
iShares Core S&P 500 ETF		8.96%17.85%24.93%14.31%
GPIX
Goldman Sachs S&P 500 Premium Income ETF		9.04%16.25%21.77%13.04%

Correlation

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

IVV vs. GPIX - Sectors Allocation Comparison

Sectors
IVV
GPIX

Technology

38.4%
38.5%

Financial Services

12.0%
11.9%

Communication Services

9.8%
9.5%

Consumer Cyclical

9.2%
9.5%

Healthcare

8.9%
8.9%

Industrials

8.0%
8.4%

Consumer Defensive

4.5%
4.7%

Energy

3.3%
3.0%

Utilities

2.2%
2.2%

Real Estate

1.9%
1.8%

Basic Materials

1.7%
1.7%

Technology

IVV
38.4%
GPIX
38.5%

Financial Services

IVV
12.0%
GPIX
11.9%

Communication Services

IVV
9.8%
GPIX
9.5%

Consumer Cyclical

IVV
9.2%
GPIX
9.5%

Healthcare

IVV
8.9%
GPIX
8.9%

Industrials

IVV
8.0%
GPIX
8.4%

Consumer Defensive

IVV
4.5%
GPIX
4.7%

Energy

IVV
3.3%
GPIX
3.0%

Utilities

IVV
2.2%
GPIX
2.2%

Real Estate

IVV
1.9%
GPIX
1.8%

Basic Materials

IVV
1.7%
GPIX
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core S&P 500 ETF

Goldman Sachs S&P 500 Premium Income ETF

Often compared with IVV:
IVV vs. VOOIVV vs. SPYIVV vs. FXAIXIVV vs. QQQIVV vs. VTIIVV vs. IOOIVV vs. CSPX.L
Often compared with GPIX:
GPIX vs. GPIQGPIX vs. SPYIGPIX vs. JEPIGPIX vs. VOOGPIX vs. SPYGPIX vs. JEPQGPIX vs. BALI

Return for Risk

IVV vs. GPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVV
IVV Risk / Return Rank: 6161
Overall Rank
IVV Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
IVV Sortino Ratio Rank: 5858
Sortino Ratio Rank
IVV Omega Ratio Rank: 5959
Omega Ratio Rank
IVV Calmar Ratio Rank: 5858
Calmar Ratio Rank
IVV Martin Ratio Rank: 7070
Martin Ratio Rank
GPIX
GPIX Risk / Return Rank: 7373
Overall Rank
GPIX Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
GPIX Sortino Ratio Rank: 7171
Sortino Ratio Rank
GPIX Omega Ratio Rank: 7373
Omega Ratio Rank
GPIX Calmar Ratio Rank: 6767
Calmar Ratio Rank
GPIX Martin Ratio Rank: 8282
Martin Ratio Rank
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.

IVV vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) 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.

IVVGPIXDifference
Sharpe ratioReturn per unit of total volatility
1.41
1.64

-0.23

Sortino ratioReturn per unit of downside risk
1.98
2.30

-0.32

Omega ratioGain probability vs. loss probability

1.25

1.30

-0.05

Calmar ratioReturn relative to maximum drawdown

2.01

2.33

-0.32

Martin ratioReturn relative to average drawdown

8.66

11.09

-2.43

IVV vs. GPIX - Sharpe Ratio Comparison

The current IVV Sharpe Ratio is 1.41, which is comparable to the GPIX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of IVV 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.

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Drawdowns

IVV vs. GPIX - Drawdown Comparison

The maximum IVV drawdown since its inception was -55.25%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for IVV and GPIX.

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Drawdown Indicators

IVVGPIXDifference

Max Drawdown

Largest peak-to-trough decline

-55.25%

-17.50%

-37.75%

Max Drawdown (1Y)

Largest decline over 1 year

-8.89%

-7.71%

-1.18%

Max Drawdown (3Y)

Largest decline over 3 years

-18.75%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-24.53%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-33.90%

—

—

Current Drawdown

Current decline from peak

-2.45%

-1.65%

-0.80%

Average Drawdown

Average peak-to-trough decline

-10.73%

-1.46%

-9.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.06%

1.62%

+0.44%

Volatility

IVV vs. GPIX - Volatility Comparison

iShares Core S&P 500 ETF (IVV) has a higher volatility of 3.42% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 2.63%. This indicates that IVV'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.

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Volatility by Period

IVVGPIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.42%

2.63%

+0.79%

Volatility (6M)

Calculated over the trailing 6-month period

9.93%

8.74%

+1.19%

Volatility (1Y)

Calculated over the trailing 1-year period

12.69%

10.98%

+1.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.98%

13.75%

+3.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.05%

13.75%

+4.30%

IVV vs. GPIX - Expense Ratio Comparison

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

Dividends

IVV vs. GPIX - Dividend Comparison

IVV's dividend yield for the trailing twelve months is around 1.10%, less than GPIX's 8.19% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IVV
iShares Core S&P 500 ETF		1.10%1.17%1.30%1.44%1.66%1.20%1.57%1.85%2.21%1.75%2.01%2.27%

Frequently Asked Questions

With a correlation of 0.99, IVV 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.

IVV has higher volatility (3.42%) compared to GPIX (2.63%). In terms of maximum drawdown, IVV dropped -55.25% vs GPIX's -17.50%.

On 1-year performance, GPIX leads with 17.54% vs 17.37% for IVV. On fees, IVV 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.

Over the 1-year period, GPIX has performed better with a 17.54% return vs 17.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

GPIX has the higher dividend yield at 8.19%, compared with 1.10% for IVV.

IVV is categorized as S&P 500, while GPIX is Derivative Income. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.03% for IVV and 0.29% for GPIX.

GPIX currently has the higher Sharpe Ratio (1.64 vs 1.41), 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.

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