SCA vs. GPIX

Last updated Jul 22, 2026

SCA (GraniteShares Autocallable SMCI ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. SCA charges 1.07%/yr vs 0.29%/yr for GPIX.

Performance

SCA vs. GPIX - Performance Comparison

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

Returns By Period

SCA

• 1D: 6.52%
• 1M: -10.69%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

GPIX

• 1D: 0.73%
• 1M: 0.48%
• 6M: 10.71%
• YTD: 10.21%
• 1Y: 20.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.05%

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

SCA vs. GPIX - Yearly Performance Comparison

	2026 (YTD)
SCA GraniteShares Autocallable SMCI ETF	-18.50%
GPIX Goldman Sachs S&P 500 Premium Income ETF	0.74%

Correlation

The correlation between SCA and GPIX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.48

Return for Risk

SCA vs. GPIX — Risk / Return Rank

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

SCA

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

GPIX

GPIX Risk / Return Rank: 77
GPIX Sharpe Ratio Rank: 77
GPIX Sortino Ratio Rank: 76
GPIX Omega Ratio Rank: 78
GPIX Calmar Ratio Rank: 70
GPIX Martin Ratio Rank: 85

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.

SCA vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable SMCI ETF (SCA) 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.

	SCA	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.84	—
Sortino ratio: Return per unit of downside risk	—	2.56	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	2.61	—
Martin ratio: Return relative to average drawdown	—	12.45	—

Drawdowns

SCA vs. GPIX - Drawdown Comparison

The maximum SCA drawdown since its inception was -27.40%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for SCA and GPIX.

Drawdown Indicators

	SCA	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-27.40%	-17.50%	-9.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.71%	—
Current Drawdown Current decline from peak	-22.66%	-0.59%	-22.07%
Average Drawdown Average peak-to-trough decline	-13.13%	-1.46%	-11.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.61%	—

Volatility

Volatility by Period

	SCA	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	49.40%	10.93%	+38.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.40%	13.76%	+35.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.40%	13.76%	+35.64%

SCA vs. GPIX - Expense Ratio Comparison

SCA has a 1.07% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

SCA vs. GPIX - Dividend Comparison

SCA's dividend yield for the trailing twelve months is around 8.48%, more than GPIX's 8.11% yield.

Position	TTM	2025	2024	2023
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.11%	8.01%	7.45%	1.40%
SCA GraniteShares Autocallable SMCI ETF	8.48%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCA and GPIX in my portfolio?

SCA and GPIX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCA 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, SCA or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 1.07% for SCA.

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

SCA has the higher dividend yield at 8.48%, compared with 8.11% for GPIX.

What is the main difference between SCA and GPIX?

They also come from different issuers: GraniteShares and Goldman Sachs. Their fees differ too: 1.07% for SCA and 0.29% for GPIX.