ZVOL vs. GPIX
Compare and contrast key facts about Volatility Premium Plus ETF (ZVOL) and Goldman Sachs S&P 500 Core Premium Income ETF (GPIX).
ZVOL and GPIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZVOL is a passively managed fund by Volatility Shares that tracks the performance of the S&P 500 VIX Mid Term Futures Inverse Daily Index. It was launched on Apr 17, 2023. GPIX is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZVOL or GPIX.
Correlation
The correlation between ZVOL and GPIX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ZVOL vs. GPIX - Performance Comparison
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Key characteristics
ZVOL:
20.63%
GPIX:
18.02%
ZVOL:
-1.43%
GPIX:
-17.50%
ZVOL:
0.00%
GPIX:
-6.86%
Returns By Period
ZVOL
N/A
N/A
N/A
N/A
N/A
N/A
GPIX
-2.98%
5.25%
-3.77%
9.46%
N/A
N/A
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ZVOL vs. GPIX - Expense Ratio Comparison
ZVOL has a 1.35% expense ratio, which is higher than GPIX's 0.29% expense ratio.
Risk-Adjusted Performance
ZVOL vs. GPIX — Risk-Adjusted Performance Rank
ZVOL
GPIX
ZVOL vs. GPIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Premium Plus ETF (ZVOL) and Goldman Sachs S&P 500 Core 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.
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Dividends
ZVOL vs. GPIX - Dividend Comparison
ZVOL has not paid dividends to shareholders, while GPIX's dividend yield for the trailing twelve months is around 8.84%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
ZVOL Volatility Premium Plus ETF | 0.00% | 0.00% | 0.00% |
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | 8.84% | 7.46% | 1.40% |
Drawdowns
ZVOL vs. GPIX - Drawdown Comparison
The maximum ZVOL drawdown since its inception was -1.43%, smaller than the maximum GPIX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for ZVOL and GPIX. For additional features, visit the drawdowns tool.
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Volatility
ZVOL vs. GPIX - Volatility Comparison
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