USMF vs. GPIX

Last updated Jun 16, 2026

USMF (WisdomTree US Multifactor Fund) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - USMF is a Mid Cap Blend Equities fund tracking the WisdomTree US Multifactor Index, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. USMF is passively managed, while GPIX is actively managed. Over the past year, USMF returned 9.68% vs 25.72% for GPIX. A 0.72 correlation means they provide meaningful diversification when combined. USMF charges 0.28%/yr vs 0.29%/yr for GPIX.

Performance

USMF vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree US Multifactor Fund (USMF) 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, USMF achieves a 6.65% return, which is significantly lower than GPIX's 10.28% return.

USMF

• 1D: 1.25%
• 1M: 5.30%
• YTD: 6.65%
• 6M: 6.40%
• 1Y: 9.68%
• 3Y*: 13.99%
• 5Y*: 8.31%
• 10Y*: —

GPIX

• 1D: 1.51%
• 1M: 2.08%
• YTD: 10.28%
• 6M: 10.95%
• 1Y: 25.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USMF vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USMF WisdomTree US Multifactor Fund	6.65%	4.60%	19.65%	12.65%
GPIX Goldman Sachs S&P 500 Premium Income ETF	10.28%	16.25%	21.77%	13.04%

Correlation

The correlation between USMF and GPIX is 0.67, 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	0.67
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.72

The correlation between USMF and GPIX has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.

USMF vs. GPIX - Sectors Allocation Comparison

Sectors	USMF	GPIX
Technology	33.2%	39.2%
Financial Services	10.7%	10.9%
Consumer Cyclical	10.5%	10.1%
Communication Services	9.8%	10.7%
Healthcare	9.0%	8.3%
Industrials	8.2%	7.7%
Energy	4.8%	3.2%
Consumer Defensive	4.3%	4.4%
Real Estate	2.0%	1.8%
Utilities	1.9%	2.2%
Basic Materials	0.9%	1.7%

Return for Risk

USMF vs. GPIX — Risk / Return Rank

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

USMF

USMF Risk / Return Rank: 28
USMF Sharpe Ratio Rank: 26
USMF Sortino Ratio Rank: 25
USMF Omega Ratio Rank: 24
USMF Calmar Ratio Rank: 32
USMF Martin Ratio Rank: 32

GPIX

GPIX Risk / Return Rank: 83
GPIX Sharpe Ratio Rank: 84
GPIX Sortino Ratio Rank: 84
GPIX Omega Ratio Rank: 86
GPIX Calmar Ratio Rank: 73
GPIX Martin Ratio Rank: 86

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.

USMF vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree US Multifactor Fund (USMF) 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.

	USMF	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	0.86	2.42	-1.56
Sortino ratio: Return per unit of downside risk	1.29	3.30	-2.00
Omega ratio: Gain probability vs. loss probability	1.15	1.46	-0.31
Calmar ratio: Return relative to maximum drawdown	1.50	3.35	-1.85
Martin ratio: Return relative to average drawdown	4.47	16.40	-11.93

USMF vs. GPIX - Sharpe Ratio Comparison

The current USMF Sharpe Ratio is 0.86, which is lower than the GPIX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of USMF 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

USMF vs. GPIX - Drawdown Comparison

The maximum USMF drawdown since its inception was -36.24%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for USMF and GPIX.

Drawdown Indicators

	USMF	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-36.24%	-17.50%	-18.74%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-7.71%	+1.24%
Max Drawdown (3Y) Largest decline over 3 years	-15.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.10%	—	—
Current Drawdown Current decline from peak	0.00%	-0.14%	+0.14%
Average Drawdown Average peak-to-trough decline	-4.15%	-1.48%	-2.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	1.57%	+0.60%

Volatility

USMF vs. GPIX - Volatility Comparison

WisdomTree US Multifactor Fund (USMF) and Goldman Sachs S&P 500 Premium Income ETF (GPIX) have volatilities of 4.10% and 4.00%, 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.

Volatility by Period

	USMF	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	4.00%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	8.13%	8.63%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	11.31%	10.69%	+0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.34%	13.88%	+0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	13.88%	+3.09%

USMF vs. GPIX - Expense Ratio Comparison

USMF has a 0.28% expense ratio, which is lower than GPIX's 0.29% expense ratio.

Dividends

USMF vs. GPIX - Dividend Comparison

USMF's dividend yield for the trailing twelve months is around 1.29%, less than GPIX's 7.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GPIX Goldman Sachs S&P 500 Premium Income ETF	7.97%	8.01%	7.45%	1.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USMF WisdomTree US Multifactor Fund	1.29%	1.37%	1.22%	1.33%	1.74%	1.42%	1.34%	1.38%	1.45%	0.67%

Frequently Asked Questions

Can I hold both USMF and GPIX in my portfolio?

USMF and GPIX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USMF or GPIX?

USMF has higher volatility (4.10%) compared to GPIX (4.00%). In terms of maximum drawdown, USMF dropped -36.24% vs GPIX's -17.50%.

Which ETF is better, USMF or GPIX?

On 1-year performance, GPIX leads with 25.72% vs 9.68% for USMF. On fees, USMF is cheaper at 0.28% per year. On volatility, GPIX has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USMF or GPIX?

Over the 1-year period, GPIX has performed better with a 25.72% return vs 9.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USMF or GPIX?

USMF is cheaper with a 0.28% expense ratio, compared with 0.29% for GPIX.

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

GPIX has the higher dividend yield at 7.97%, compared with 1.29% for USMF.

What is the main difference between USMF and GPIX?

USMF is categorized as Mid Cap Blend Equities, while GPIX is Derivative Income. They also come from different issuers: WisdomTree and Goldman Sachs. Their fees differ too: 0.28% for USMF and 0.29% for GPIX.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (2.42 vs 0.86), 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.