YBMN vs. GPIX
YBMN (Defiance BMNR Option Income ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both Derivative Income funds. Both are actively managed. A 0.58 correlation means they provide meaningful diversification when combined. YBMN charges 0.85%/yr vs 0.29%/yr for GPIX.
Performance
YBMN vs. GPIX - Performance Comparison
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Returns By Period
In the year-to-date period, YBMN achieves a -27.39% return, which is significantly lower than GPIX's 9.91% return.
YBMN
- 1D
- -5.25%
- 1M
- -21.70%
- YTD
- -27.39%
- 6M
- -38.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GPIX
- 1D
- -0.48%
- 1M
- 4.27%
- YTD
- 9.91%
- 6M
- 10.34%
- 1Y
- 25.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YBMN vs. GPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YBMN Defiance BMNR Option Income ETF | -27.39% | -2.52% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 9.91% | 1.58% |
Correlation
The correlation between YBMN and GPIX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025 | 0.58 |
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Return for Risk
YBMN vs. GPIX — Risk / Return Rank
YBMN
GPIX
YBMN vs. GPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance BMNR Option Income ETF (YBMN) 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.
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Sharpe Ratios by Period
| YBMN | GPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | 1.78 | -2.40 |
Drawdowns
YBMN vs. GPIX - Drawdown Comparison
The maximum YBMN drawdown since its inception was -50.99%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for YBMN and GPIX.
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Drawdown Indicators
| YBMN | GPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.99% | -17.50% | -33.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.71% | — |
Current DrawdownCurrent decline from peak | -46.98% | -0.48% | -46.50% |
Average DrawdownAverage peak-to-trough decline | -30.96% | -1.48% | -29.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.53% | — |
Volatility
YBMN vs. GPIX - Volatility Comparison
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Volatility by Period
| YBMN | GPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 80.34% | 10.17% | +70.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.34% | 13.80% | +66.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.34% | 13.80% | +66.54% |
YBMN vs. GPIX - Expense Ratio Comparison
YBMN has a 0.85% expense ratio, which is higher than GPIX's 0.29% expense ratio.
Dividends
YBMN vs. GPIX - Dividend Comparison
YBMN's dividend yield for the trailing twelve months is around 46.07%, more than GPIX's 8.00% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 8.00% | 8.01% | 7.45% | 1.40% |
YBMN Defiance BMNR Option Income ETF | 46.07% | 6.80% | 0.00% | 0.00% |
Frequently Asked Questions
YBMN and GPIX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GPIX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GPIX is cheaper with a 0.29% expense ratio, compared with 0.85% for YBMN.
YBMN has the higher dividend yield at 46.07%, compared with 8.00% for GPIX.
They also come from different issuers: Defiance and Goldman Sachs. Their fees differ too: 0.85% for YBMN and 0.29% for GPIX.
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