USD=X vs. GPIX

Last updated Jul 22, 2026

USD=X (USD Cash) is a currency, while GPIX (Goldman Sachs S&P 500 Premium Income ETF) is Derivative Income fund actively managed by Goldman Sachs. Over the past year, USD=X returned 0.00% vs 20.01% for GPIX.

Performance

USD=X vs. GPIX - Performance Comparison

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

Returns By Period

USD=X

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: 0.00%
• 3Y*: 0.00%
• 5Y*: 0.00%
• 10Y*: 0.00%
• ALL TIME*: 0.00%

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)

USD=X vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USD=X USD Cash	0.00%	0.00%	0.00%	0.00%
GPIX Goldman Sachs S&P 500 Premium Income ETF	10.21%	16.25%	21.77%	13.04%

Return for Risk

USD=X vs. GPIX — Risk / Return Rank

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

USD=X

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.

USD=X vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) 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.

	USD=X	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

USD=X vs. GPIX - Drawdown Comparison

The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum GPIX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for USD=X and GPIX.

Drawdown Indicators

	USD=X	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-17.50%	+17.50%
Max Drawdown (1Y) Largest decline over 1 year	0.00%	-7.71%	+7.71%
Max Drawdown (3Y) Largest decline over 3 years	0.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	0.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	0.00%	—	—
Current Drawdown Current decline from peak	0.00%	-0.59%	+0.59%
Average Drawdown Average peak-to-trough decline	0.00%	-1.46%	+1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	1.61%	-1.61%

Volatility

USD=X vs. GPIX - Volatility Comparison

The current volatility for USD Cash (USD=X) is 0.00%, while Goldman Sachs S&P 500 Premium Income ETF (GPIX) has a volatility of 2.77%. This indicates that USD=X 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

	USD=X	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	2.77%	-2.77%
Volatility (6M) Calculated over the trailing 6-month period	0.00%	8.91%	-8.91%
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	10.93%	-10.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	13.76%	-13.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	13.76%	-13.76%

Frequently Asked Questions

Which is riskier, USD=X or GPIX?

GPIX has higher volatility (2.77%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs GPIX's -17.50%.