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LRGF vs. GPIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LRGF vs. GPIX

Last updated Jul 26, 2026
Documentation

LRGF (iShares MSCI USA Multifactor ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - LRGF is a Large Cap Blend Equities fund tracking the MSCI USA Diversified Multi-Factor, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. LRGF is passively managed, while GPIX is actively managed. Over the past year, LRGF returned 15.34% vs 17.54% for GPIX. Their 0.97 correlation means they have historically moved very closely together. LRGF charges 0.20%/yr vs 0.29%/yr for GPIX.

Performance

LRGF vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Multifactor ETF (LRGF) 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 LRGF having a 8.94% return and GPIX slightly higher at 9.04%.

LRGF

1D
0.09%
1M
1.20%
6M
8.82%
YTD
8.94%
1Y
15.34%
3Y*
19.41%
5Y*
13.20%
10Y*
13.48%
ALL TIME*
12.23%

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

LRGF

iShares MSCI USA Multifactor ETF
$11.35M$13.93M$11.55M

LRGF vs. GPIX - Yearly Performance Comparison

2026 (YTD)202520242023
LRGF
iShares MSCI USA Multifactor ETF		8.94%16.48%26.59%14.98%
GPIX
Goldman Sachs S&P 500 Premium Income ETF		9.04%16.25%21.77%13.04%

Correlation

The correlation between LRGF and GPIX is 0.98 - 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.

0.98

Correlation (All Time)
Calculated using the full available price history since Oct 26, 2023

0.97

The correlation between LRGF and GPIX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

LRGF vs. GPIX - Sectors Allocation Comparison

Sectors
LRGF
GPIX

Technology

37.3%
38.5%

Financial Services

11.7%
11.9%

Consumer Cyclical

10.5%
9.5%

Communication Services

10.0%
9.5%

Healthcare

9.4%
8.9%

Industrials

8.3%
8.4%

Consumer Defensive

4.9%
4.7%

Energy

3.1%
3.0%

Utilities

2.0%
2.2%

Basic Materials

1.8%
1.7%

Real Estate

1.1%
1.8%

Technology

LRGF
37.3%
GPIX
38.5%

Financial Services

LRGF
11.7%
GPIX
11.9%

Consumer Cyclical

LRGF
10.5%
GPIX
9.5%

Communication Services

LRGF
10.0%
GPIX
9.5%

Healthcare

LRGF
9.4%
GPIX
8.9%

Industrials

LRGF
8.3%
GPIX
8.4%

Consumer Defensive

LRGF
4.9%
GPIX
4.7%

Energy

LRGF
3.1%
GPIX
3.0%

Utilities

LRGF
2.0%
GPIX
2.2%

Basic Materials

LRGF
1.8%
GPIX
1.7%

Real Estate

LRGF
1.1%
GPIX
1.8%

Compare stocks, funds, or ETFs

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

iShares MSCI USA Multifactor ETF

Goldman Sachs S&P 500 Premium Income ETF

Often compared with LRGF:
LRGF vs. VOOLRGF vs. QUALLRGF vs. INTFLRGF vs. SPYLRGF vs. FNDALRGF vs. VVLRGF vs. JQUA
Often compared with GPIX:
GPIX vs. GPIQGPIX vs. SPYIGPIX vs. JEPIGPIX vs. VOOGPIX vs. SPYGPIX vs. JEPQGPIX vs. BALI

Return for Risk

LRGF vs. GPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LRGF
LRGF Risk / Return Rank: 5252
Overall Rank
LRGF Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
LRGF Sortino Ratio Rank: 5151
Sortino Ratio Rank
LRGF Omega Ratio Rank: 5050
Omega Ratio Rank
LRGF Calmar Ratio Rank: 5151
Calmar Ratio Rank
LRGF Martin Ratio Rank: 5959
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.

LRGF vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Multifactor ETF (LRGF) 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.

LRGFGPIXDifference
Sharpe ratioReturn per unit of total volatility
1.25
1.64

-0.39

Sortino ratioReturn per unit of downside risk
1.77
2.30

-0.52

Omega ratioGain probability vs. loss probability

1.22

1.30

-0.08

Calmar ratioReturn relative to maximum drawdown

1.78

2.33

-0.55

Martin ratioReturn relative to average drawdown

6.95

11.09

-4.14

LRGF vs. GPIX - Sharpe Ratio Comparison

The current LRGF Sharpe Ratio is 1.25, which is comparable to the GPIX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of LRGF 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

LRGF vs. GPIX - Drawdown Comparison

The maximum LRGF drawdown since its inception was -36.03%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for LRGF and GPIX.

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Drawdown Indicators

LRGFGPIXDifference

Max Drawdown

Largest peak-to-trough decline

-36.03%

-17.50%

-18.53%

Max Drawdown (1Y)

Largest decline over 1 year

-8.92%

-7.71%

-1.21%

Max Drawdown (3Y)

Largest decline over 3 years

-19.44%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-21.62%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-36.03%

—

—

Current Drawdown

Current decline from peak

-2.11%

-1.65%

-0.46%

Average Drawdown

Average peak-to-trough decline

-4.51%

-1.46%

-3.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.28%

1.62%

+0.66%

Volatility

LRGF vs. GPIX - Volatility Comparison

iShares MSCI USA Multifactor ETF (LRGF) has a higher volatility of 2.90% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 2.63%. This indicates that LRGF'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

LRGFGPIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.90%

2.63%

+0.27%

Volatility (6M)

Calculated over the trailing 6-month period

9.83%

8.74%

+1.09%

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

17.07%

13.75%

+3.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.28%

13.75%

+4.53%

LRGF vs. GPIX - Expense Ratio Comparison

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

Dividends

LRGF vs. GPIX - Dividend Comparison

LRGF's dividend yield for the trailing twelve months is around 1.09%, 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%
LRGF
iShares MSCI USA Multifactor ETF		1.09%1.16%1.23%1.49%1.78%1.05%1.35%1.76%3.27%1.68%1.56%0.83%

Frequently Asked Questions

With a correlation of 0.98, LRGF 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.

LRGF has higher volatility (2.90%) compared to GPIX (2.63%). In terms of maximum drawdown, LRGF dropped -36.03% vs GPIX's -17.50%.

On 1-year performance, GPIX leads with 17.54% vs 15.34% for LRGF. On fees, LRGF is cheaper at 0.20% 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 15.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

GPIX has the higher dividend yield at 8.19%, compared with 1.09% for LRGF.

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

GPIX currently has the higher Sharpe Ratio (1.64 vs 1.25), 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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