SDVD vs. GPIX

Last updated Jul 2, 2026

SDVD (FT Vest SMID Rising Dividend Achievers Target Income ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both Derivative Income funds. SDVD is passively managed, while GPIX is actively managed. Over the past year, SDVD returned 21.42% vs 21.31% for GPIX. A 0.66 correlation means they provide meaningful diversification when combined. SDVD charges 0.85%/yr vs 0.29%/yr for GPIX.

Performance

SDVD vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) 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, SDVD achieves a 13.18% return, which is significantly higher than GPIX's 9.69% return.

SDVD

• 1D: 0.22%
• 1M: 5.47%
• 6M: 13.18%
• YTD: 13.18%
• 1Y: 21.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIX

• 1D: -0.12%
• 1M: -0.57%
• 6M: 9.69%
• YTD: 9.69%
• 1Y: 21.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SDVD vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF	13.18%	8.66%	11.82%	22.63%
GPIX Goldman Sachs S&P 500 Premium Income ETF	9.69%	16.25%	21.77%	13.04%

Correlation

The correlation between SDVD and GPIX is 0.60, 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	0.60
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.66

The correlation between SDVD and GPIX has been stable across timeframes, ranging from 0.60 to 0.66 - a consistent structural relationship.

Return for Risk

SDVD vs. GPIX — Risk / Return Rank

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

SDVD

SDVD Risk / Return Rank: 54
SDVD Sharpe Ratio Rank: 52
SDVD Sortino Ratio Rank: 56
SDVD Omega Ratio Rank: 49
SDVD Calmar Ratio Rank: 59
SDVD Martin Ratio Rank: 56

GPIX

GPIX Risk / Return Rank: 72
GPIX Sharpe Ratio Rank: 71
GPIX Sortino Ratio Rank: 70
GPIX Omega Ratio Rank: 74
GPIX Calmar Ratio Rank: 65
GPIX Martin Ratio Rank: 80

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.

SDVD vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) 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.

	SDVD	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.98	-0.46
Sortino ratio: Return per unit of downside risk	2.30	2.73	-0.43
Omega ratio: Gain probability vs. loss probability	1.27	1.37	-0.10
Calmar ratio: Return relative to maximum drawdown	2.46	2.78	-0.32
Martin ratio: Return relative to average drawdown	8.27	13.31	-5.04

SDVD vs. GPIX - Sharpe Ratio Comparison

The current SDVD Sharpe Ratio is 1.52, which is comparable to the GPIX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of SDVD 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

SDVD vs. GPIX - Drawdown Comparison

The maximum SDVD drawdown since its inception was -24.17%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for SDVD and GPIX.

Drawdown Indicators

	SDVD	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-24.17%	-17.50%	-6.67%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-7.71%	-1.05%
Current Drawdown Current decline from peak	0.00%	-0.67%	+0.67%
Average Drawdown Average peak-to-trough decline	-4.84%	-1.48%	-3.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	1.61%	+0.99%

Volatility

SDVD vs. GPIX - Volatility Comparison

The current volatility for FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) is 3.26%, while Goldman Sachs S&P 500 Premium Income ETF (GPIX) has a volatility of 4.43%. This indicates that SDVD experiences smaller price fluctuations and is considered to be less risky than GPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDVD	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	4.43%	-1.17%
Volatility (6M) Calculated over the trailing 6-month period	10.41%	8.80%	+1.61%
Volatility (1Y) Calculated over the trailing 1-year period	14.29%	10.83%	+3.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.06%	13.85%	+4.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.06%	13.85%	+4.21%

SDVD vs. GPIX - Expense Ratio Comparison

SDVD has a 0.85% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

SDVD vs. GPIX - Dividend Comparison

SDVD's dividend yield for the trailing twelve months is around 8.62%, more than GPIX's 8.15% yield.

Position	TTM	2025	2024	2023
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.15%	8.01%	7.45%	1.40%
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF	8.62%	8.36%	9.26%	3.18%

Frequently Asked Questions

Can I hold both SDVD and GPIX in my portfolio?

SDVD and GPIX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDVD or GPIX?

GPIX has higher volatility (4.43%) compared to SDVD (3.26%). In terms of maximum drawdown, SDVD dropped -24.17% vs GPIX's -17.50%.

Which ETF is better, SDVD or GPIX?

On 1-year performance, SDVD leads with 21.42% vs 21.31% for GPIX. On fees, GPIX is cheaper at 0.29% per year. On volatility, SDVD has been the lower-risk option at 3.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDVD or GPIX?

Over the 1-year period, SDVD has performed better with a 21.42% return vs 21.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDVD or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.85% for SDVD.

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

SDVD has the higher dividend yield at 8.62%, compared with 8.15% for GPIX.

What is the main difference between SDVD and GPIX?

They also come from different issuers: First Trust and Goldman Sachs. Their fees differ too: 0.85% for SDVD and 0.29% for GPIX.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (1.98 vs 1.52), 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.