IWDA.AS vs. GPIX

Last updated Jun 5, 2026

IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - IWDA.AS is a Global Equities fund tracking the MSCI World Index, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. IWDA.AS is passively managed, while GPIX is actively managed. Over the past year, IWDA.AS returned 23.22% vs 21.48% for GPIX. A 0.58 correlation means they provide meaningful diversification when combined. IWDA.AS charges 0.20%/yr vs 0.29%/yr for GPIX.

Performance

IWDA.AS vs. GPIX - Performance Comparison

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

Different Trading Currencies

IWDA.AS is traded in EUR, while GPIX is traded in USD. To make them comparable, the GPIX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IWDA.AS achieves a 11.06% return, which is significantly higher than GPIX's 10.16% return.

IWDA.AS

• 1D: -0.03%
• 1M: 3.65%
• YTD: 11.06%
• 6M: 11.08%
• 1Y: 23.22%
• 3Y*: 17.53%
• 5Y*: 12.88%
• 10Y*: 12.81%

GPIX

• 1D: 0.18%
• 1M: 2.57%
• YTD: 10.16%
• 6M: 9.53%
• 1Y: 21.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IWDA.AS vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc)	11.06%	7.08%	27.23%	9.81%
GPIX Goldman Sachs S&P 500 Premium Income ETF	10.16%	2.45%	29.81%	8.58%

Correlation

The correlation between IWDA.AS and GPIX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023	0.58

The correlation between IWDA.AS and GPIX has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.

Return for Risk

IWDA.AS vs. GPIX — Risk / Return Rank

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

IWDA.AS

IWDA.AS Risk / Return Rank: 71
IWDA.AS Sharpe Ratio Rank: 66
IWDA.AS Sortino Ratio Rank: 67
IWDA.AS Omega Ratio Rank: 69
IWDA.AS Calmar Ratio Rank: 74
IWDA.AS Martin Ratio Rank: 77

GPIX

GPIX Risk / Return Rank: 76
GPIX Sharpe Ratio Rank: 76
GPIX Sortino Ratio Rank: 75
GPIX Omega Ratio Rank: 79
GPIX Calmar Ratio Rank: 66
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.

IWDA.AS vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) 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.

	IWDA.AS	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.98	+0.17
Sortino ratio: Return per unit of downside risk	3.03	2.59	+0.44
Omega ratio: Gain probability vs. loss probability	1.41	1.37	+0.03
Calmar ratio: Return relative to maximum drawdown	3.64	3.60	+0.04
Martin ratio: Return relative to average drawdown	14.53	13.99	+0.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWDA.AS vs. GPIX - Sharpe Ratio Comparison

The current IWDA.AS Sharpe Ratio is 2.15, which is comparable to the GPIX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of IWDA.AS 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.

Sharpe Ratios by Period

	IWDA.AS	GPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	1.98	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	1.28	-0.45

Drawdowns

IWDA.AS vs. GPIX - Drawdown Comparison

The maximum IWDA.AS drawdown since its inception was -33.63%, which is greater than GPIX's maximum drawdown of -22.74%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and GPIX.

Drawdown Indicators

	IWDA.AS	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.63%	-22.74%	-10.89%
Max Drawdown (1Y) Largest decline over 1 year	-6.45%	-5.99%	-0.46%
Max Drawdown (3Y) Largest decline over 3 years	-21.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.63%	—	—
Current Drawdown Current decline from peak	-0.34%	-1.24%	+0.90%
Average Drawdown Average peak-to-trough decline	-4.25%	-3.12%	-1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	1.54%	+0.09%

Volatility

IWDA.AS vs. GPIX - Volatility Comparison

iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) has a higher volatility of 2.62% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 2.29%. This indicates that IWDA.AS'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

	IWDA.AS	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	2.29%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	7.82%	-0.21%
Volatility (1Y) Calculated over the trailing 1-year period	10.90%	10.91%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.08%	15.35%	-1.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.99%	15.35%	-0.36%

IWDA.AS vs. GPIX - Expense Ratio Comparison

IWDA.AS has a 0.20% expense ratio, which is lower than GPIX's 0.29% expense ratio.

Dividends

IWDA.AS vs. GPIX - Dividend Comparison

IWDA.AS has not paid dividends to shareholders, while GPIX's dividend yield for the trailing twelve months is around 8.13%.

Position	TTM	2025	2024	2023
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.13%	8.01%	7.45%	1.40%
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IWDA.AS and GPIX in my portfolio?

IWDA.AS and GPIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWDA.AS or GPIX?

On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWDA.AS or GPIX?

IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.29% for GPIX.

What is the main difference between IWDA.AS and GPIX?

IWDA.AS is categorized as Global Equities, while GPIX is Derivative Income. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.20% for IWDA.AS and 0.29% for GPIX.