GPIX vs IVV
GPIX vs IVV
Goldman Sachs S&P 500 Premium Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GPIX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $4.9B | $865.2B | |
| Dividend Yield | 8.15% | 1.09% | |
| Holdings | 496 | 508 | |
| YTD Return | +10.43% | +11.54% | |
| 1Y Return | +19.97% | +21.48% | |
| 3Y Return (annualized) | - | +20.86% | |
| 5Y Return (annualized) | - | +13.02% | |
| Volatility (annualized) | 10.8% | 15.1% | |
| Max Drawdown | -17.5% | -56.5% | |
| Fund Family | Goldman Sachs Asset Management | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 24, 2023 | May 15, 2000 |
GPIX vs IVV Performance
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is a ETF from Goldman Sachs Asset Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GPIX returned +19.97% while IVV returned +21.48%. Year to date, GPIX is up 10.43% versus a gain of 11.54% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 10.8% for GPIX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.5% for GPIX and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GPIX charges 0.29% per year while IVV charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, GPIX currently yields 8.15% against 1.09% for IVV.
Holdings Overlap
GPIX and IVV share 485 holdings out of 513 unique holdings combined, representing a 89.9% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in GPIX | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 7.26% | 7.76% | 0.50% |
| AAPL | 6.98% | 7.44% | 0.46% |
| MSFT | 4.10% | 4.57% | 0.47% |
| GOOGL | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
See all 10 holdings GPIX shares with IVV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, GPIX or IVV?
GPIX has an expense ratio of 0.29% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, GPIX or IVV?
Over the past year GPIX returned +19.97% vs +21.48% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), GPIX annualized +24.01% vs +6.97% for IVV. Past performance does not guarantee future results.
Which is riskier, GPIX or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 10.8% for GPIX. Worst drawdown: GPIX -17.5% vs IVV -56.5%.
Should I hold both GPIX and IVV?
GPIX and IVV have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between GPIX and IVV?
GPIX and IVV share 485 common holdings with a 89.9% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, GPIX or IVV?
GPIX yields 8.15% while IVV yields 1.09%, so GPIX currently pays the higher dividend yield.
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