YLDE vs. GPIX

Last updated Jun 4, 2026

YLDE (ClearBridge Dividend Strategy ESG ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - YLDE is a Dividend fund actively managed by Franklin Templeton, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. Both are actively managed. Over the past year, YLDE returned 13.89% vs 25.55% for GPIX. A 0.72 correlation means they provide meaningful diversification when combined. YLDE charges 0.60%/yr vs 0.29%/yr for GPIX.

Performance

YLDE vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Dividend Strategy ESG ETF (YLDE) 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, YLDE achieves a 4.09% return, which is significantly lower than GPIX's 9.91% return.

YLDE

• 1D: -0.32%
• 1M: 0.13%
• YTD: 4.09%
• 6M: 5.06%
• 1Y: 13.89%
• 3Y*: 14.60%
• 5Y*: 9.54%
• 10Y*: —

GPIX

• 1D: -0.48%
• 1M: 4.27%
• YTD: 9.91%
• 6M: 10.34%
• 1Y: 25.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YLDE vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
YLDE ClearBridge Dividend Strategy ESG ETF	4.09%	13.09%	16.44%	12.53%
GPIX Goldman Sachs S&P 500 Premium Income ETF	9.91%	16.25%	21.77%	13.45%

Correlation

The correlation between YLDE and GPIX is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023	0.72

The correlation between YLDE and GPIX has been stable across timeframes, ranging from 0.62 to 0.72 - a consistent structural relationship.

Return for Risk

YLDE vs. GPIX — Risk / Return Rank

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

YLDE

YLDE Risk / Return Rank: 41
YLDE Sharpe Ratio Rank: 42
YLDE Sortino Ratio Rank: 42
YLDE Omega Ratio Rank: 40
YLDE Calmar Ratio Rank: 38
YLDE Martin Ratio Rank: 42

GPIX

GPIX Risk / Return Rank: 75
GPIX Sharpe Ratio Rank: 76
GPIX Sortino Ratio Rank: 75
GPIX Omega Ratio Rank: 79
GPIX Calmar Ratio Rank: 66
GPIX Martin Ratio Rank: 82

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.

YLDE vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Dividend Strategy ESG ETF (YLDE) 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.

	YLDE	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.52	-1.03
Sortino ratio: Return per unit of downside risk	2.14	3.48	-1.34
Omega ratio: Gain probability vs. loss probability	1.26	1.48	-0.22
Calmar ratio: Return relative to maximum drawdown	1.84	3.33	-1.49
Martin ratio: Return relative to average drawdown	6.84	16.77	-9.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YLDE vs. GPIX - Sharpe Ratio Comparison

The current YLDE Sharpe Ratio is 1.50, which is lower than the GPIX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of YLDE 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.

Sharpe Ratios by Period

	YLDE	GPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	2.52	-1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	1.78	-1.04

Drawdowns

YLDE vs. GPIX - Drawdown Comparison

The maximum YLDE drawdown since its inception was -33.23%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for YLDE and GPIX.

Drawdown Indicators

	YLDE	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.23%	-17.50%	-15.73%
Max Drawdown (1Y) Largest decline over 1 year	-7.59%	-7.71%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	-11.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.22%	—	—
Current Drawdown Current decline from peak	-2.54%	-0.48%	-2.06%
Average Drawdown Average peak-to-trough decline	-3.55%	-1.48%	-2.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	1.53%	+0.50%

Volatility

YLDE vs. GPIX - Volatility Comparison

The current volatility for ClearBridge Dividend Strategy ESG ETF (YLDE) is 1.81%, while Goldman Sachs S&P 500 Premium Income ETF (GPIX) has a volatility of 2.26%. This indicates that YLDE experiences smaller price fluctuations and is considered to be less risky than GPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YLDE	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.81%	2.26%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	6.74%	7.89%	-1.15%
Volatility (1Y) Calculated over the trailing 1-year period	9.31%	10.17%	-0.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.50%	13.80%	-0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.76%	13.80%	+1.96%

YLDE vs. GPIX - Expense Ratio Comparison

YLDE has a 0.60% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

YLDE vs. GPIX - Dividend Comparison

YLDE's dividend yield for the trailing twelve months is around 7.04%, less than GPIX's 8.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.00%	8.01%	7.45%	1.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YLDE ClearBridge Dividend Strategy ESG ETF	7.04%	5.68%	1.69%	1.64%	1.68%	1.15%	1.46%	1.65%	2.25%	1.31%

Frequently Asked Questions

Can I hold both YLDE and GPIX in my portfolio?

YLDE and GPIX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YLDE or GPIX?

GPIX has higher volatility (2.26%) compared to YLDE (1.81%). In terms of maximum drawdown, YLDE dropped -33.23% vs GPIX's -17.50%.

Which ETF is better, YLDE or GPIX?

On 1-year performance, GPIX leads with 25.55% vs 13.89% for YLDE. On fees, GPIX is cheaper at 0.29% per year. On volatility, YLDE has been the lower-risk option at 1.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YLDE or GPIX?

Over the 1-year period, GPIX has performed better with a 25.55% return vs 13.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YLDE or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.60% for YLDE.

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

GPIX has the higher dividend yield at 8.00%, compared with 7.04% for YLDE.

What is the main difference between YLDE and GPIX?

YLDE is categorized as Dividend, while GPIX is Derivative Income. They also come from different issuers: Franklin Templeton and Goldman Sachs. Their fees differ too: 0.60% for YLDE and 0.29% for GPIX.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (2.52 vs 1.50), 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.