RSPN vs. GPIX

Last updated Jun 14, 2026

RSPN (Invesco S&P 500® Equal Weight Industrials ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - RSPN is a Industrials Equities fund tracking the S&P 500® Equal Weight Industrials Index, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. RSPN is passively managed, while GPIX is actively managed. Over the past year, RSPN returned 20.14% vs 23.85% for GPIX. A 0.72 correlation means they provide meaningful diversification when combined. RSPN charges 0.40%/yr vs 0.29%/yr for GPIX.

Performance

RSPN vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500® Equal Weight Industrials ETF (RSPN) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPN achieves a 9.73% return, which is significantly higher than GPIX's 8.64% return.

RSPN

• 1D: 0.52%
• 1M: 2.43%
• YTD: 9.73%
• 6M: 8.68%
• 1Y: 20.14%
• 3Y*: 17.65%
• 5Y*: 11.62%
• 10Y*: 14.69%

GPIX

• 1D: 0.55%
• 1M: 0.57%
• YTD: 8.64%
• 6M: 9.22%
• 1Y: 23.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RSPN vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RSPN Invesco S&P 500® Equal Weight Industrials ETF	9.73%	13.84%	17.63%	18.78%
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.64%	16.25%	21.77%	13.04%

Correlation

The correlation between RSPN and GPIX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.72

The correlation between RSPN and GPIX has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

RSPN vs. GPIX - Sectors Allocation Comparison

Sectors	RSPN	GPIX
Industrials	92.0%	7.7%
Technology	4.2%	39.2%
Consumer Cyclical	2.4%	10.1%
Utilities	1.4%	2.2%
Financial Services	0.0%	10.9%
Basic Materials	-	1.7%
Communication Services	-	10.7%
Consumer Defensive	-	4.4%
Energy	-	3.2%
Healthcare	-	8.3%
Real Estate	-	1.8%

Return for Risk

RSPN vs. GPIX — Risk / Return Rank

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

RSPN

RSPN Risk / Return Rank: 36
RSPN Sharpe Ratio Rank: 37
RSPN Sortino Ratio Rank: 38
RSPN Omega Ratio Rank: 34
RSPN Calmar Ratio Rank: 35
RSPN Martin Ratio Rank: 38

GPIX

GPIX Risk / Return Rank: 77
GPIX Sharpe Ratio Rank: 78
GPIX Sortino Ratio Rank: 76
GPIX Omega Ratio Rank: 80
GPIX Calmar Ratio Rank: 68
GPIX Martin Ratio Rank: 83

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.

RSPN vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Industrials ETF (RSPN) 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.

	RSPN	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.18	2.15	-0.98
Sortino ratio: Return per unit of downside risk	1.75	2.94	-1.19
Omega ratio: Gain probability vs. loss probability	1.21	1.41	-0.20
Calmar ratio: Return relative to maximum drawdown	1.52	2.97	-1.44
Martin ratio: Return relative to average drawdown	5.23	14.51	-9.29

RSPN vs. GPIX - Sharpe Ratio Comparison

The current RSPN Sharpe Ratio is 1.18, which is lower than the GPIX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of RSPN 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.

Drawdowns

RSPN vs. GPIX - Drawdown Comparison

The maximum RSPN drawdown since its inception was -59.61%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for RSPN and GPIX.

Drawdown Indicators

	RSPN	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-59.61%	-17.50%	-42.11%
Max Drawdown (1Y) Largest decline over 1 year	-12.36%	-7.71%	-4.65%
Max Drawdown (3Y) Largest decline over 3 years	-20.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.88%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.02%	—	—
Current Drawdown Current decline from peak	-2.80%	-1.63%	-1.17%
Average Drawdown Average peak-to-trough decline	-7.67%	-1.49%	-6.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	1.57%	+2.03%

Volatility

RSPN vs. GPIX - Volatility Comparison

Invesco S&P 500® Equal Weight Industrials ETF (RSPN) has a higher volatility of 5.84% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 3.77%. This indicates that RSPN'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

	RSPN	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	3.77%	+2.07%
Volatility (6M) Calculated over the trailing 6-month period	12.80%	8.51%	+4.29%
Volatility (1Y) Calculated over the trailing 1-year period	16.02%	10.62%	+5.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.28%	13.86%	+4.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.39%	13.86%	+6.53%

RSPN vs. GPIX - Expense Ratio Comparison

RSPN has a 0.40% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

RSPN vs. GPIX - Dividend Comparison

RSPN's dividend yield for the trailing twelve months is around 0.80%, less than GPIX's 8.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.09%	8.01%	7.45%	1.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RSPN Invesco S&P 500® Equal Weight Industrials ETF	0.80%	0.86%	0.98%	1.06%	1.09%	0.70%	0.96%	1.33%	1.49%	1.12%	1.31%	1.51%

Frequently Asked Questions

Can I hold both RSPN and GPIX in my portfolio?

RSPN and GPIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPN or GPIX?

RSPN has higher volatility (5.84%) compared to GPIX (3.77%). In terms of maximum drawdown, RSPN dropped -59.61% vs GPIX's -17.50%.

Which ETF is better, RSPN or GPIX?

On 1-year performance, GPIX leads with 23.85% vs 20.14% for RSPN. On fees, GPIX is cheaper at 0.29% per year. On volatility, GPIX has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPN or GPIX?

Over the 1-year period, GPIX has performed better with a 23.85% return vs 20.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPN or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.40% for RSPN.

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

GPIX has the higher dividend yield at 8.09%, compared with 0.80% for RSPN.

What is the main difference between RSPN and GPIX?

RSPN is categorized as Industrials Equities, while GPIX is Derivative Income. They also come from different issuers: Invesco and Goldman Sachs. Their fees differ too: 0.40% for RSPN and 0.29% for GPIX.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (2.15 vs 1.18), 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.