VAIE vs. GPIX

Last updated Jun 28, 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 0.92 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: -0.25%
• 1M: -2.99%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIX

• 1D: -0.22%
• 1M: -2.00%
• YTD: 7.71%
• 6M: 6.74%
• 1Y: 19.48%
• 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	-1.07%
GPIX Goldman Sachs S&P 500 Premium Income ETF	-0.19%

Correlation

The correlation between VAIE and GPIX is 0.92, 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 12, 2026	0.92

Return for Risk

VAIE vs. GPIX — Risk / Return Rank

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

VAIE

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

GPIX

GPIX Risk / Return Rank: 66
GPIX Sharpe Ratio Rank: 64
GPIX Sortino Ratio Rank: 62
GPIX Omega Ratio Rank: 67
GPIX Calmar Ratio Rank: 60
GPIX Martin Ratio Rank: 75

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.

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.

	VAIE	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.86	—
Sortino ratio: Return per unit of downside risk	—	2.57	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.60	—
Martin ratio: Return relative to average drawdown	—	12.49	—

Drawdowns

VAIE vs. GPIX - Drawdown Comparison

The maximum VAIE drawdown since its inception was -4.80%, 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	-4.80%	-17.50%	+12.70%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.71%	—
Current Drawdown Current decline from peak	-3.77%	-2.47%	-1.30%
Average Drawdown Average peak-to-trough decline	-1.69%	-1.49%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.60%	—

Volatility

Volatility by Period

	VAIE	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.09%	10.77%	+3.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.09%	13.86%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.09%	13.86%	+0.23%

Dividends

VAIE vs. GPIX - Dividend Comparison

VAIE's dividend yield for the trailing twelve months is around 1.89%, less than GPIX's 8.16% yield.

Position	TTM	2025	2024	2023
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.16%	8.01%	7.45%	1.40%
VAIE VegaShares US Equity Autocallable Income ETF	1.89%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VAIE and GPIX in my portfolio?

With a correlation of 0.92, VAIE and GPIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

GPIX has the higher dividend yield at 8.16%, compared with 1.89% for VAIE.

What is the main difference between VAIE and GPIX?

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