ROCY vs. GPIX

Last updated Jun 25, 2026

ROCY (JPMorgan Equity Premium Yield ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both Derivative Income funds. Both are actively managed. With a 0.95 correlation, they move nearly in lockstep. ROCY charges 0.35%/yr vs 0.29%/yr for GPIX.

Performance

ROCY vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Premium Yield ETF (ROCY) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ROCY

• 1D: -0.45%
• 1M: -0.59%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIX

• 1D: -0.07%
• 1M: -0.85%
• YTD: 7.91%
• 6M: 6.94%
• 1Y: 20.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ROCY vs. GPIX - Yearly Performance Comparison

	2026 (YTD)
ROCY JPMorgan Equity Premium Yield ETF	8.90%
GPIX Goldman Sachs S&P 500 Premium Income ETF	10.03%

Correlation

The correlation between ROCY and GPIX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026	0.95

Return for Risk

ROCY vs. GPIX — Risk / Return Rank

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

ROCY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GPIX

GPIX Risk / Return Rank: 68
GPIX Sharpe Ratio Rank: 67
GPIX Sortino Ratio Rank: 65
GPIX Omega Ratio Rank: 69
GPIX Calmar Ratio Rank: 61
GPIX Martin Ratio Rank: 77

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.

ROCY vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Yield ETF (ROCY) 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.

	ROCY	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.95	—
Sortino ratio: Return per unit of downside risk	—	2.68	—
Omega ratio: Gain probability vs. loss probability	—	1.37	—
Calmar ratio: Return relative to maximum drawdown	—	2.73	—
Martin ratio: Return relative to average drawdown	—	13.20	—

Drawdowns

ROCY vs. GPIX - Drawdown Comparison

The maximum ROCY drawdown since its inception was -3.53%, smaller than the maximum GPIX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for ROCY and GPIX.

Drawdown Indicators

	ROCY	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-3.53%	-17.50%	+13.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.71%	—
Current Drawdown Current decline from peak	-2.32%	-2.29%	-0.03%
Average Drawdown Average peak-to-trough decline	-0.59%	-1.48%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.59%	—

Volatility

Volatility by Period

	ROCY	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.30%	10.79%	+1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.30%	13.88%	-1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.30%	13.88%	-1.58%

ROCY vs. GPIX - Expense Ratio Comparison

ROCY has a 0.35% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

ROCY vs. GPIX - Dividend Comparison

ROCY's dividend yield for the trailing twelve months is around 1.66%, less than GPIX's 8.14% yield.

Position	TTM	2025	2024	2023
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.14%	8.01%	7.45%	1.40%
ROCY JPMorgan Equity Premium Yield ETF	1.66%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ROCY and GPIX in my portfolio?

With a correlation of 0.95, ROCY 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 ETF is better, ROCY or GPIX?

On fees, GPIX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ROCY or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.35% for ROCY.

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

GPIX has the higher dividend yield at 8.14%, compared with 1.66% for ROCY.

What is the main difference between ROCY and GPIX?

They also come from different issuers: JPMorgan and Goldman Sachs. Their fees differ too: 0.35% for ROCY and 0.29% for GPIX.