JOYT vs. GPIX

Last updated Jun 23, 2026

JOYT (JPMorgan Equity And Options Total Return ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. JOYT charges 0.35%/yr vs 0.29%/yr for GPIX.

Performance

JOYT vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity And Options Total Return ETF (JOYT) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JOYT achieves a 4.91% return, which is significantly lower than GPIX's 9.41% return.

JOYT

• 1D: -0.22%
• 1M: 1.24%
• YTD: 4.91%
• 6M: 4.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIX

• 1D: -0.25%
• 1M: 0.53%
• YTD: 9.41%
• 6M: 9.08%
• 1Y: 24.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JOYT vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025
JOYT JPMorgan Equity And Options Total Return ETF	4.91%	9.15%
GPIX Goldman Sachs S&P 500 Premium Income ETF	9.41%	6.64%

Correlation

The correlation between JOYT and GPIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.92

JOYT vs. GPIX - Sectors Allocation Comparison

Sectors	JOYT	GPIX
Technology	35.9%	39.2%
Financial Services	11.6%	10.9%
Communication Services	9.5%	10.7%
Consumer Cyclical	9.0%	10.1%
Healthcare	7.9%	8.3%
Industrials	6.3%	7.7%
Consumer Defensive	4.4%	4.4%
Energy	3.2%	3.2%
Utilities	3.0%	2.2%
Real Estate	1.5%	1.8%
Basic Materials	0.9%	1.7%

Return for Risk

JOYT vs. GPIX — Risk / Return Rank

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

JOYT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GPIX

GPIX Risk / Return Rank: 75
GPIX Sharpe Ratio Rank: 75
GPIX Sortino Ratio Rank: 73
GPIX Omega Ratio Rank: 78
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.

JOYT vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity And Options Total Return ETF (JOYT) 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.

	JOYT	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.31	—
Sortino ratio: Return per unit of downside risk	—	3.16	—
Omega ratio: Gain probability vs. loss probability	—	1.44	—
Calmar ratio: Return relative to maximum drawdown	—	3.22	—
Martin ratio: Return relative to average drawdown	—	15.72	—

Drawdowns

JOYT vs. GPIX - Drawdown Comparison

The maximum JOYT drawdown since its inception was -6.99%, smaller than the maximum GPIX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for JOYT and GPIX.

Drawdown Indicators

	JOYT	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-6.99%	-17.50%	+10.51%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.71%	—
Current Drawdown Current decline from peak	-0.41%	-0.93%	+0.52%
Average Drawdown Average peak-to-trough decline	-0.89%	-1.48%	+0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.58%	—

Volatility

Volatility by Period

	JOYT	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.75%	10.75%	-1.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.75%	13.87%	-4.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.75%	13.87%	-4.12%

JOYT vs. GPIX - Expense Ratio Comparison

JOYT has a 0.35% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

JOYT vs. GPIX - Dividend Comparison

JOYT's dividend yield for the trailing twelve months is around 0.45%, less than GPIX's 8.03% yield.

Position	TTM	2025	2024	2023
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.03%	8.01%	7.45%	1.40%
JOYT JPMorgan Equity And Options Total Return ETF	0.45%	0.28%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JOYT and GPIX in my portfolio?

With a correlation of 0.92, JOYT 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 ETF is better, JOYT or GPIX?

On fees, GPIX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JOYT or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.35% for JOYT.

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

GPIX has the higher dividend yield at 8.03%, compared with 0.45% for JOYT.

What is the main difference between JOYT and GPIX?

They also come from different issuers: JPMorgan and Goldman Sachs. Their fees differ too: 0.35% for JOYT and 0.29% for GPIX.