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VLUE vs. GPIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VLUE vs. GPIX

Last updated Jul 25, 2026
Documentation

VLUE (iShares MSCI USA Value Factor ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - VLUE is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. VLUE is passively managed, while GPIX is actively managed. Over the past year, VLUE returned 71.63% vs 17.54% for GPIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. VLUE charges 0.15%/yr vs 0.29%/yr for GPIX.

Performance

VLUE vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Value Factor ETF (VLUE) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VLUE achieves a 43.48% return, which is significantly higher than GPIX's 9.04% return.

VLUE

1D
-0.49%
1M
-4.86%
6M
35.25%
YTD
43.48%
1Y
71.63%
3Y*
29.42%
5Y*
16.55%
10Y*
14.56%
ALL TIME*
13.64%

GPIX

1D
0.09%
1M
1.01%
6M
7.83%
YTD
9.04%
1Y
17.54%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
22.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

GPIX

Goldman Sachs S&P 500 Premium Income ETF
$50.34M$51.86M$49.74M

VLUE

iShares MSCI USA Value Factor ETF
$165.60M$255.80M$278.61M

VLUE vs. GPIX - Yearly Performance Comparison

2026 (YTD)202520242023
VLUE
iShares MSCI USA Value Factor ETF		43.48%32.67%7.25%17.10%
GPIX
Goldman Sachs S&P 500 Premium Income ETF		9.04%16.25%21.77%13.04%

Correlation

The correlation between VLUE and GPIX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.74

Correlation (All Time)
Calculated using the full available price history since Oct 26, 2023

0.74

The correlation between VLUE and GPIX has been stable across timeframes, ranging from 0.74 to 0.74 - a consistent structural relationship.

VLUE vs. GPIX - Sectors Allocation Comparison

Sectors
VLUE
GPIX

Technology

43.1%
38.5%

Financial Services

10.6%
11.9%

Consumer Cyclical

9.9%
9.5%

Communication Services

8.7%
9.5%

Industrials

7.9%
8.4%

Healthcare

7.8%
8.9%

Consumer Defensive

4.2%
4.7%

Energy

2.8%
3.0%

Utilities

2.0%
2.2%

Real Estate

1.8%
1.8%

Basic Materials

1.2%
1.7%

Technology

VLUE
43.1%
GPIX
38.5%

Financial Services

VLUE
10.6%
GPIX
11.9%

Consumer Cyclical

VLUE
9.9%
GPIX
9.5%

Communication Services

VLUE
8.7%
GPIX
9.5%

Industrials

VLUE
7.9%
GPIX
8.4%

Healthcare

VLUE
7.8%
GPIX
8.9%

Consumer Defensive

VLUE
4.2%
GPIX
4.7%

Energy

VLUE
2.8%
GPIX
3.0%

Utilities

VLUE
2.0%
GPIX
2.2%

Real Estate

VLUE
1.8%
GPIX
1.8%

Basic Materials

VLUE
1.2%
GPIX
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI USA Value Factor ETF

Goldman Sachs S&P 500 Premium Income ETF

Often compared with VLUE:
VLUE vs. AVLVVLUE vs. VLUVLUE vs. VOOVLUE vs. VTVVLUE vs. IUSVVLUE vs. QVALVLUE vs. SCHV
Often compared with GPIX:
GPIX vs. GPIQGPIX vs. SPYIGPIX vs. JEPIGPIX vs. VOOGPIX vs. SPYGPIX vs. JEPQGPIX vs. BALI

Return for Risk

VLUE vs. GPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VLUE
VLUE Risk / Return Rank: 9797
Overall Rank
VLUE Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
VLUE Sortino Ratio Rank: 9797
Sortino Ratio Rank
VLUE Omega Ratio Rank: 9696
Omega Ratio Rank
VLUE Calmar Ratio Rank: 9797
Calmar Ratio Rank
VLUE Martin Ratio Rank: 9797
Martin Ratio Rank
GPIX
GPIX Risk / Return Rank: 7373
Overall Rank
GPIX Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
GPIX Sortino Ratio Rank: 7171
Sortino Ratio Rank
GPIX Omega Ratio Rank: 7373
Omega Ratio Rank
GPIX Calmar Ratio Rank: 6767
Calmar Ratio Rank
GPIX Martin Ratio Rank: 8282
Martin Ratio Rank
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.

VLUE vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Value Factor ETF (VLUE) 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.

VLUEGPIXDifference
Sharpe ratioReturn per unit of total volatility
3.60
1.64

+1.96

Sortino ratioReturn per unit of downside risk
4.66
2.30

+2.36

Omega ratioGain probability vs. loss probability

1.61

1.30

+0.31

Calmar ratioReturn relative to maximum drawdown

7.98

2.33

+5.64

Martin ratioReturn relative to average drawdown

27.87

11.09

+16.78

VLUE vs. GPIX - Sharpe Ratio Comparison

The current VLUE Sharpe Ratio is 3.60, which is higher than the GPIX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of VLUE 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.

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Drawdowns

VLUE vs. GPIX - Drawdown Comparison

The maximum VLUE drawdown since its inception was -39.47%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for VLUE and GPIX.

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Drawdown Indicators

VLUEGPIXDifference

Max Drawdown

Largest peak-to-trough decline

-39.47%

-17.50%

-21.97%

Max Drawdown (1Y)

Largest decline over 1 year

-9.04%

-7.71%

-1.33%

Max Drawdown (3Y)

Largest decline over 3 years

-17.89%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-27.12%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-39.47%

—

—

Current Drawdown

Current decline from peak

-4.86%

-1.65%

-3.21%

Average Drawdown

Average peak-to-trough decline

-5.99%

-1.46%

-4.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.58%

1.62%

+0.96%

Volatility

VLUE vs. GPIX - Volatility Comparison

iShares MSCI USA Value Factor ETF (VLUE) has a higher volatility of 7.20% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 2.63%. This indicates that VLUE's price experiences larger fluctuations and is considered to be riskier than GPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VLUEGPIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.20%

2.63%

+4.57%

Volatility (6M)

Calculated over the trailing 6-month period

17.11%

8.74%

+8.37%

Volatility (1Y)

Calculated over the trailing 1-year period

20.08%

10.98%

+9.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.29%

13.75%

+4.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.00%

13.75%

+6.25%

VLUE vs. GPIX - Expense Ratio Comparison

VLUE has a 0.15% expense ratio, which is lower than GPIX's 0.29% expense ratio.

Dividends

VLUE vs. GPIX - Dividend Comparison

VLUE's dividend yield for the trailing twelve months is around 1.44%, less than GPIX's 8.19% yield.

PositionTTM20252024202320222021202020192018201720162015
GPIX
Goldman Sachs S&P 500 Premium Income ETF		8.19%8.01%7.45%1.40%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VLUE
iShares MSCI USA Value Factor ETF		1.44%2.11%2.73%2.66%3.18%2.22%2.42%2.61%2.70%2.14%2.07%2.39%

Frequently Asked Questions

VLUE and GPIX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VLUE has higher volatility (7.20%) compared to GPIX (2.63%). In terms of maximum drawdown, VLUE dropped -39.47% vs GPIX's -17.50%.

On 1-year performance, VLUE leads with 71.63% vs 17.54% for GPIX. On fees, VLUE is cheaper at 0.15% per year. On volatility, GPIX has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, VLUE has performed better with a 71.63% return vs 17.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VLUE is cheaper with a 0.15% expense ratio, compared with 0.29% for GPIX.

GPIX has the higher dividend yield at 8.19%, compared with 1.44% for VLUE.

VLUE is categorized as Large Cap Value Equities, while GPIX is Derivative Income. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.15% for VLUE and 0.29% for GPIX.

VLUE currently has the higher Sharpe Ratio (3.60 vs 1.64), 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.

Portfolio Optimizer

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