SPXX vs. GPIX
Compare and contrast key facts about Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and Goldman Sachs S&P 500 Core Premium Income ETF (GPIX).
SPXX is an actively managed fund by Nuveen. It was launched on Nov 23, 2005. GPIX is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPXX or GPIX.
Correlation
The correlation between SPXX and GPIX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPXX vs. GPIX - Performance Comparison
Key characteristics
SPXX:
0.84
GPIX:
0.57
SPXX:
1.28
GPIX:
0.93
SPXX:
1.20
GPIX:
1.15
SPXX:
0.88
GPIX:
0.60
SPXX:
3.79
GPIX:
2.46
SPXX:
4.09%
GPIX:
4.26%
SPXX:
18.21%
GPIX:
18.02%
SPXX:
-52.39%
GPIX:
-17.50%
SPXX:
-7.45%
GPIX:
-6.60%
Returns By Period
In the year-to-date period, SPXX achieves a -4.01% return, which is significantly lower than GPIX's -2.71% return.
SPXX
-4.01%
12.38%
1.28%
15.14%
13.63%
9.05%
GPIX
-2.71%
13.21%
-3.21%
10.29%
N/A
N/A
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SPXX vs. GPIX - Expense Ratio Comparison
SPXX has a 0.89% expense ratio, which is higher than GPIX's 0.29% expense ratio.
Risk-Adjusted Performance
SPXX vs. GPIX — Risk-Adjusted Performance Rank
SPXX
GPIX
SPXX vs. GPIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and Goldman Sachs S&P 500 Core 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.
Dividends
SPXX vs. GPIX - Dividend Comparison
SPXX's dividend yield for the trailing twelve months is around 7.56%, less than GPIX's 8.82% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 7.56% | 6.87% | 7.82% | 7.30% | 5.27% | 6.56% | 6.44% | 7.98% | 5.69% | 6.81% | 7.75% | 7.30% |
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | 8.82% | 7.46% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPXX vs. GPIX - Drawdown Comparison
The maximum SPXX drawdown since its inception was -52.39%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for SPXX and GPIX. For additional features, visit the drawdowns tool.
Volatility
SPXX vs. GPIX - Volatility Comparison
Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) have volatilities of 10.87% and 10.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.