LDRX vs. GPIX

Last updated Jun 4, 2026

LDRX (SGI Enhanced Market Leaders ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, LDRX returned 30.54% vs 25.55% for GPIX. Their correlation of 0.94 suggests significant overlap in exposure. LDRX charges 0.59%/yr vs 0.29%/yr for GPIX.

Performance

LDRX vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SGI Enhanced Market Leaders ETF (LDRX) 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 LDRX having a 10.09% return and GPIX slightly lower at 9.91%.

LDRX

• 1D: -0.69%
• 1M: 5.60%
• YTD: 10.09%
• 6M: 9.87%
• 1Y: 30.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIX

• 1D: -0.48%
• 1M: 4.27%
• YTD: 9.91%
• 6M: 10.34%
• 1Y: 25.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LDRX vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025
LDRX SGI Enhanced Market Leaders ETF	10.09%	23.81%
GPIX Goldman Sachs S&P 500 Premium Income ETF	9.91%	20.03%

Correlation

The correlation between LDRX and GPIX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 6, 2025	0.94

The correlation between LDRX and GPIX has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

Return for Risk

LDRX vs. GPIX — Risk / Return Rank

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

LDRX

LDRX Risk / Return Rank: 71
LDRX Sharpe Ratio Rank: 76
LDRX Sortino Ratio Rank: 76
LDRX Omega Ratio Rank: 73
LDRX Calmar Ratio Rank: 60
LDRX Martin Ratio Rank: 68

GPIX

GPIX Risk / Return Rank: 75
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.

LDRX vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SGI Enhanced Market Leaders ETF (LDRX) 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.

	LDRX	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.52	-0.10
Sortino ratio: Return per unit of downside risk	3.39	3.48	-0.09
Omega ratio: Gain probability vs. loss probability	1.43	1.48	-0.05
Calmar ratio: Return relative to maximum drawdown	2.89	3.33	-0.44
Martin ratio: Return relative to average drawdown	12.31	16.77	-4.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LDRX vs. GPIX - Sharpe Ratio Comparison

The current LDRX Sharpe Ratio is 2.42, which is comparable to the GPIX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of LDRX 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

	LDRX	GPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.52	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	2.60	1.78	+0.82

Drawdowns

LDRX vs. GPIX - Drawdown Comparison

The maximum LDRX drawdown since its inception was -10.62%, smaller than the maximum GPIX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for LDRX and GPIX.

Drawdown Indicators

	LDRX	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-10.62%	-17.50%	+6.88%
Max Drawdown (1Y) Largest decline over 1 year	-10.62%	-7.71%	-2.91%
Current Drawdown Current decline from peak	-0.76%	-0.48%	-0.28%
Average Drawdown Average peak-to-trough decline	-1.44%	-1.48%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	1.53%	+0.96%

Volatility

LDRX vs. GPIX - Volatility Comparison

SGI Enhanced Market Leaders ETF (LDRX) has a higher volatility of 3.23% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 2.26%. This indicates that LDRX'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

	LDRX	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	2.26%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	9.62%	7.89%	+1.73%
Volatility (1Y) Calculated over the trailing 1-year period	12.67%	10.17%	+2.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.85%	13.80%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.85%	13.80%	-0.95%

LDRX vs. GPIX - Expense Ratio Comparison

LDRX has a 0.59% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

LDRX vs. GPIX - Dividend Comparison

LDRX's dividend yield for the trailing twelve months is around 1.19%, less than GPIX's 8.00% yield.

Position	TTM	2025	2024	2023
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.00%	8.01%	7.45%	1.40%
LDRX SGI Enhanced Market Leaders ETF	1.19%	1.19%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LDRX and GPIX in my portfolio?

With a correlation of 0.94, LDRX 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, LDRX or GPIX?

LDRX has higher volatility (3.23%) compared to GPIX (2.26%). In terms of maximum drawdown, LDRX dropped -10.62% vs GPIX's -17.50%.

Which ETF is better, LDRX or GPIX?

On 1-year performance, LDRX leads with 30.54% vs 25.55% for GPIX. On fees, GPIX is cheaper at 0.29% per year. On volatility, GPIX has been the lower-risk option at 2.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LDRX or GPIX?

Over the 1-year period, LDRX has performed better with a 30.54% return vs 25.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LDRX or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.59% for LDRX.

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

GPIX has the higher dividend yield at 8.00%, compared with 1.19% for LDRX.

What is the main difference between LDRX and GPIX?

They also come from different issuers: Summit Global Investments and Goldman Sachs. Their fees differ too: 0.59% for LDRX and 0.29% for GPIX.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (2.52 vs 2.42), 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.