MSFO vs. GPIX
Compare and contrast key facts about YieldMax MSFT Option Income Strategy ETF (MSFO) and Goldman Sachs S&P 500 Core Premium Income ETF (GPIX).
MSFO and GPIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSFO is an actively managed fund by YieldMax. It was launched on Aug 24, 2023. GPIX is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSFO or GPIX.
Key characteristics
| MSFO | GPIX | |
|---|---|---|
| YTD Return | 12.47% | 23.04% |
| 1Y Return | 18.01% | 29.95% |
| Sharpe Ratio | 1.21 | 3.07 |
| Sortino Ratio | 1.58 | 4.12 |
| Omega Ratio | 1.23 | 1.62 |
| Calmar Ratio | 1.44 | 4.58 |
| Martin Ratio | 3.93 | 21.71 |
| Ulcer Index | 4.84% | 1.47% |
| Daily Std Dev | 15.74% | 10.42% |
| Max Drawdown | -13.17% | -6.97% |
| Current Drawdown | -5.99% | 0.00% |
Correlation
The correlation between MSFO and GPIX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MSFO vs. GPIX - Performance Comparison
In the year-to-date period, MSFO achieves a 12.47% return, which is significantly lower than GPIX's 23.04% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MSFO vs. GPIX - Expense Ratio Comparison
MSFO has a 0.99% expense ratio, which is higher than GPIX's 0.29% expense ratio.
Risk-Adjusted Performance
MSFO vs. GPIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MSFT Option Income Strategy ETF (MSFO) and Goldman Sachs S&P 500 Core 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.
Dividends
MSFO vs. GPIX - Dividend Comparison
MSFO's dividend yield for the trailing twelve months is around 32.16%, more than GPIX's 7.84% yield.
| TTM | 2023 | |
|---|---|---|
MSFO YieldMax MSFT Option Income Strategy ETF
| 32.16% | 6.44% |
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | 7.84% | 1.40% |
Drawdowns
MSFO vs. GPIX - Drawdown Comparison
The maximum MSFO drawdown since its inception was -13.17%, which is greater than GPIX's maximum drawdown of -6.97%. Use the drawdown chart below to compare losses from any high point for MSFO and GPIX. For additional features, visit the drawdowns tool.
Volatility
MSFO vs. GPIX - Volatility Comparison
YieldMax MSFT Option Income Strategy ETF (MSFO) has a higher volatility of 6.04% compared to Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) at 3.08%. This indicates that MSFO'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.