VAIE vs. GPIX

Last updated Jun 8, 2026

VAIE (VegaShares US Equity Autocallable Income ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure.

Performance

VAIE vs. GPIX - Performance Comparison

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

Returns By Period

VAIE

• 1D: -2.82%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIX

• 1D: -2.17%
• 1M: 0.09%
• YTD: 7.85%
• 6M: 8.03%
• 1Y: 22.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VAIE vs. GPIX - Yearly Performance Comparison

	2026 (YTD)
VAIE VegaShares US Equity Autocallable Income ETF	-0.75%
GPIX Goldman Sachs S&P 500 Premium Income ETF	0.02%

Correlation

The correlation between VAIE and GPIX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 13, 2026	0.86

Return for Risk

VAIE vs. GPIX — Risk / Return Rank

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

GPIX

GPIX Risk / Return Rank: 72
GPIX Sharpe Ratio Rank: 72
GPIX Sortino Ratio Rank: 70
GPIX Omega Ratio Rank: 75
GPIX Calmar Ratio Rank: 63
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.

VAIE vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VegaShares US Equity Autocallable Income ETF (VAIE) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	VAIE	GPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	1.71	-2.48

Drawdowns

VAIE vs. GPIX - Drawdown Comparison

The maximum VAIE drawdown since its inception was -3.28%, smaller than the maximum GPIX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for VAIE and GPIX.

Drawdown Indicators

	VAIE	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-3.28%	-17.50%	+14.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.71%	—
Current Drawdown Current decline from peak	-3.28%	-2.34%	-0.94%
Average Drawdown Average peak-to-trough decline	-0.59%	-1.48%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.53%	—

Volatility

Volatility by Period

	VAIE	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.93%	10.42%	+3.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	13.85%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.93%	13.85%	+0.08%

Dividends

VAIE vs. GPIX - Dividend Comparison

VAIE's dividend yield for the trailing twelve months is around 0.96%, less 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%
VAIE VegaShares US Equity Autocallable Income ETF	0.96%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VAIE and GPIX in my portfolio?

VAIE and GPIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

GPIX has the higher dividend yield at 8.15%, compared with 0.96% for VAIE.

What is the main difference between VAIE and GPIX?

They also come from different issuers: VegaShares and Goldman Sachs.