SDEM vs. GPIX

Last updated Jun 13, 2026

SDEM (Global X MSCI SuperDividend Emerging Markets ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - SDEM is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Top 50 Dividend, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. SDEM is passively managed, while GPIX is actively managed. Over the past year, SDEM returned 28.12% vs 22.76% for GPIX. At a 0.46 correlation, their price movements are largely independent. SDEM charges 0.67%/yr vs 0.29%/yr for GPIX.

Performance

SDEM vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI SuperDividend Emerging Markets ETF (SDEM) 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, SDEM achieves a 11.17% return, which is significantly higher than GPIX's 8.64% return.

SDEM

• 1D: 0.93%
• 1M: 0.85%
• YTD: 11.17%
• 6M: 12.41%
• 1Y: 28.12%
• 3Y*: 19.18%
• 5Y*: 4.51%
• 10Y*: 5.26%

GPIX

• 1D: 0.55%
• 1M: 0.31%
• YTD: 8.64%
• 6M: 9.22%
• 1Y: 22.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SDEM vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SDEM Global X MSCI SuperDividend Emerging Markets ETF	11.17%	32.01%	4.02%	12.60%
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.64%	16.25%	21.77%	13.04%

Correlation

The correlation between SDEM and GPIX is 0.59, 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	0.59
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.46

The correlation between SDEM and GPIX shifts across timeframes, from 0.46 (all time) to 0.59 (1 year), reflecting how their relationship changes across market environments.

SDEM vs. GPIX - Sectors Allocation Comparison

Sectors	SDEM	GPIX
Financial Services	25.9%	11.6%
Industrials	11.5%	8.4%
Utilities	7.1%	2.4%
Communication Services	5.7%	11.5%
Consumer Defensive	5.5%	4.9%
Real Estate	5.2%	2.0%
Basic Materials	3.9%	1.8%
Consumer Cyclical	3.7%	10.1%
Energy	3.5%	3.5%
Technology	2.6%	35.5%
Healthcare	1.8%	8.4%

Return for Risk

SDEM vs. GPIX — Risk / Return Rank

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

SDEM

SDEM Risk / Return Rank: 69
SDEM Sharpe Ratio Rank: 72
SDEM Sortino Ratio Rank: 72
SDEM Omega Ratio Rank: 67
SDEM Calmar Ratio Rank: 71
SDEM Martin Ratio Rank: 64

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.

SDEM vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI SuperDividend Emerging Markets ETF (SDEM) 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.

	SDEM	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.15	-0.12
Sortino ratio: Return per unit of downside risk	2.83	2.94	-0.11
Omega ratio: Gain probability vs. loss probability	1.35	1.41	-0.06
Calmar ratio: Return relative to maximum drawdown	3.13	2.97	+0.16
Martin ratio: Return relative to average drawdown	10.28	14.51	-4.23

SDEM vs. GPIX - Sharpe Ratio Comparison

The current SDEM Sharpe Ratio is 2.03, which is comparable to the GPIX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of SDEM 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

SDEM vs. GPIX - Drawdown Comparison

The maximum SDEM drawdown since its inception was -47.38%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for SDEM and GPIX.

Drawdown Indicators

	SDEM	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-47.38%	-17.50%	-29.88%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-7.71%	-1.32%
Max Drawdown (3Y) Largest decline over 3 years	-12.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.38%	—	—
Current Drawdown Current decline from peak	-3.49%	-1.63%	-1.86%
Average Drawdown Average peak-to-trough decline	-20.66%	-1.49%	-19.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	1.57%	+1.17%

Volatility

SDEM vs. GPIX - Volatility Comparison

Global X MSCI SuperDividend Emerging Markets ETF (SDEM) has a higher volatility of 4.90% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 3.77%. This indicates that SDEM'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

	SDEM	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	3.77%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	11.48%	8.51%	+2.97%
Volatility (1Y) Calculated over the trailing 1-year period	13.91%	10.62%	+3.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.47%	13.86%	+3.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.22%	13.86%	+5.36%

SDEM vs. GPIX - Expense Ratio Comparison

SDEM has a 0.67% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

SDEM vs. GPIX - Dividend Comparison

SDEM's dividend yield for the trailing twelve months is around 4.99%, 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%
SDEM Global X MSCI SuperDividend Emerging Markets ETF	4.99%	5.27%	7.28%	7.50%	8.86%	8.14%	6.30%	6.47%	6.55%	5.01%	5.06%	6.14%

Frequently Asked Questions

Can I hold both SDEM and GPIX in my portfolio?

SDEM and GPIX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDEM or GPIX?

SDEM has higher volatility (4.90%) compared to GPIX (3.77%). In terms of maximum drawdown, SDEM dropped -47.38% vs GPIX's -17.50%.

Which ETF is better, SDEM or GPIX?

On 1-year performance, SDEM leads with 28.12% vs 22.76% for GPIX. 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, SDEM or GPIX?

Over the 1-year period, SDEM has performed better with a 28.12% return vs 22.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDEM or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.67% for SDEM.

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

GPIX has the higher dividend yield at 8.09%, compared with 4.99% for SDEM.

What is the main difference between SDEM and GPIX?

SDEM is categorized as Emerging Markets Equities, while GPIX is Derivative Income. They also come from different issuers: Global X and Goldman Sachs. Their fees differ too: 0.67% for SDEM and 0.29% for GPIX.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (2.15 vs 2.03), 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.