PIGFX vs. GPIX
PIGFX (Pioneer Fundamental Growth Fund) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both funds - PIGFX is a Large Cap Growth Equities fund managed by Amundi, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. Over the past year, PIGFX returned 15.85% vs 24.71% for GPIX. Their correlation of 0.90 suggests significant overlap in exposure. PIGFX charges 1.00%/yr vs 0.29%/yr for GPIX.
Performance
PIGFX vs. GPIX - Performance Comparison
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Returns By Period
In the year-to-date period, PIGFX achieves a 3.98% return, which is significantly lower than GPIX's 9.41% return.
PIGFX
- 1D
- 1.15%
- 1M
- 0.47%
- YTD
- 3.98%
- 6M
- 3.60%
- 1Y
- 15.85%
- 3Y*
- 16.40%
- 5Y*
- 10.74%
- 10Y*
- 14.73%
GPIX
- 1D
- -0.25%
- 1M
- 0.53%
- YTD
- 9.41%
- 6M
- 9.08%
- 1Y
- 24.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PIGFX vs. GPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PIGFX Pioneer Fundamental Growth Fund | 3.98% | 14.20% | 17.46% | 14.49% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 9.41% | 16.25% | 21.77% | 13.04% |
Correlation
The correlation between PIGFX and GPIX is 0.90, 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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.90 |
The correlation between PIGFX and GPIX has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.
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Return for Risk
PIGFX vs. GPIX — Risk / Return Rank
PIGFX
GPIX
PIGFX vs. GPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Fundamental Growth Fund (PIGFX) 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.
| PIGFX | GPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.44 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 3.22 | -2.14 |
| Martin ratioReturn relative to average drawdown | 3.56 | 15.72 | -12.16 |
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Drawdowns
PIGFX vs. GPIX - Drawdown Comparison
The maximum PIGFX drawdown since its inception was -44.04%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for PIGFX and GPIX.
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Drawdown Indicators
| PIGFX | GPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.04% | -17.50% | -26.54% |
Max Drawdown (1Y)Largest decline over 1 year | -14.32% | -7.71% | -6.61% |
Max Drawdown (3Y)Largest decline over 3 years | -19.99% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.47% | — | — |
Current DrawdownCurrent decline from peak | -1.24% | -0.93% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -6.37% | -1.48% | -4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 1.58% | +2.76% |
Volatility
PIGFX vs. GPIX - Volatility Comparison
Pioneer Fundamental Growth Fund (PIGFX) has a higher volatility of 5.38% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 4.04%. This indicates that PIGFX'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
| PIGFX | GPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 4.04% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.69% | 8.65% | +3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.69% | 10.75% | +3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.81% | 13.87% | +4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 13.87% | +5.08% |
PIGFX vs. GPIX - Expense Ratio Comparison
PIGFX has a 1.00% expense ratio, which is higher than GPIX's 0.29% expense ratio.
Dividends
PIGFX vs. GPIX - Dividend Comparison
PIGFX's dividend yield for the trailing twelve months is around 18.45%, more than GPIX's 8.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.03% | 8.01% | 7.45% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PIGFX Pioneer Fundamental Growth Fund | 18.45% | 19.18% | 5.75% | 3.41% | 4.39% | 20.14% | 9.08% | 5.43% | 6.07% | 4.66% | 2.19% | 4.40% |
Frequently Asked Questions
PIGFX and GPIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIGFX has higher volatility (5.38%) compared to GPIX (4.04%). In terms of maximum drawdown, PIGFX dropped -44.04% vs GPIX's -17.50%.
GPIX currently has the higher Sharpe Ratio (2.31 vs 1.05), 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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