JPRE vs. GPIX

Last updated Jun 16, 2026

JPRE (JPMorgan Realty Income ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - JPRE is a REIT fund actively managed by JPMorgan, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. Both are actively managed. Over the past year, JPRE returned 12.70% vs 25.72% for GPIX. At a 0.38 correlation, their price movements are largely independent. JPRE charges 0.50%/yr vs 0.29%/yr for GPIX.

Performance

JPRE vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Realty Income ETF (JPRE) 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, JPRE achieves a 13.29% return, which is significantly higher than GPIX's 10.28% return.

JPRE

• 1D: -0.70%
• 1M: 3.63%
• YTD: 13.29%
• 6M: 12.69%
• 1Y: 12.70%
• 3Y*: 10.20%
• 5Y*: —
• 10Y*: —

GPIX

• 1D: 1.51%
• 1M: 2.08%
• YTD: 10.28%
• 6M: 10.95%
• 1Y: 25.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPRE vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPRE JPMorgan Realty Income ETF	13.29%	1.36%	7.43%	22.40%
GPIX Goldman Sachs S&P 500 Premium Income ETF	10.28%	16.25%	21.77%	13.04%

Correlation

The correlation between JPRE and GPIX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.38

The correlation between JPRE and GPIX shifts across timeframes, from 0.24 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JPRE vs. GPIX — Risk / Return Rank

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

JPRE

JPRE Risk / Return Rank: 30
JPRE Sharpe Ratio Rank: 28
JPRE Sortino Ratio Rank: 26
JPRE Omega Ratio Rank: 27
JPRE Calmar Ratio Rank: 35
JPRE Martin Ratio Rank: 33

GPIX

GPIX Risk / Return Rank: 83
GPIX Sharpe Ratio Rank: 84
GPIX Sortino Ratio Rank: 84
GPIX Omega Ratio Rank: 86
GPIX Calmar Ratio Rank: 73
GPIX Martin Ratio Rank: 86

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.

JPRE vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Realty Income ETF (JPRE) 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.

	JPRE	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	0.95	2.42	-1.47
Sortino ratio: Return per unit of downside risk	1.34	3.30	-1.95
Omega ratio: Gain probability vs. loss probability	1.17	1.46	-0.29
Calmar ratio: Return relative to maximum drawdown	1.66	3.35	-1.70
Martin ratio: Return relative to average drawdown	4.55	16.40	-11.85

JPRE vs. GPIX - Sharpe Ratio Comparison

The current JPRE Sharpe Ratio is 0.95, which is lower than the GPIX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of JPRE 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

JPRE vs. GPIX - Drawdown Comparison

The maximum JPRE drawdown since its inception was -23.84%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for JPRE and GPIX.

Drawdown Indicators

	JPRE	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-23.84%	-17.50%	-6.34%
Max Drawdown (1Y) Largest decline over 1 year	-7.70%	-7.71%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-16.27%	—	—
Current Drawdown Current decline from peak	-0.70%	-0.14%	-0.56%
Average Drawdown Average peak-to-trough decline	-8.10%	-1.48%	-6.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	1.57%	+1.23%

Volatility

JPRE vs. GPIX - Volatility Comparison

JPMorgan Realty Income ETF (JPRE) has a higher volatility of 5.15% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 4.00%. This indicates that JPRE'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

	JPRE	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.15%	4.00%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	10.07%	8.63%	+1.44%
Volatility (1Y) Calculated over the trailing 1-year period	13.47%	10.69%	+2.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.29%	13.88%	+4.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	13.88%	+4.41%

JPRE vs. GPIX - Expense Ratio Comparison

JPRE has a 0.50% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

JPRE vs. GPIX - Dividend Comparison

JPRE's dividend yield for the trailing twelve months is around 2.20%, less than GPIX's 7.97% yield.

Position	TTM	2025	2024	2023	2022
GPIX Goldman Sachs S&P 500 Premium Income ETF	7.97%	8.01%	7.45%	1.40%	0.00%
JPRE JPMorgan Realty Income ETF	2.20%	2.62%	2.21%	3.26%	10.60%

Frequently Asked Questions

Can I hold both JPRE and GPIX in my portfolio?

JPRE and GPIX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPRE or GPIX?

JPRE has higher volatility (5.15%) compared to GPIX (4.00%). In terms of maximum drawdown, JPRE dropped -23.84% vs GPIX's -17.50%.

Which ETF is better, JPRE or GPIX?

On 1-year performance, GPIX leads with 25.72% vs 12.70% for JPRE. On fees, GPIX is cheaper at 0.29% per year. On volatility, GPIX has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPRE or GPIX?

Over the 1-year period, GPIX has performed better with a 25.72% return vs 12.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPRE or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.50% for JPRE.

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

GPIX has the higher dividend yield at 7.97%, compared with 2.20% for JPRE.

What is the main difference between JPRE and GPIX?

JPRE is categorized as REIT, while GPIX is Derivative Income. They also come from different issuers: JPMorgan and Goldman Sachs. Their fees differ too: 0.50% for JPRE and 0.29% for GPIX.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (2.42 vs 0.95), 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.