GPIX vs SCHD
GPIX vs SCHD
Goldman Sachs S&P 500 Premium Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. GPIX offers more diversification with 493 holdings.
Side-by-Side Comparison
| Metric | GPIX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.06% | |
| AUM | $4.9B | $103.7B | |
| Dividend Yield | 8.15% | 3.31% | |
| Holdings | 496 | 104 | |
| YTD Return | +10.01% | +22.69% | |
| 1Y Return | +19.44% | +30.94% | |
| 3Y Return (annualized) | - | +14.20% | |
| 5Y Return (annualized) | - | +9.59% | |
| Volatility (annualized) | 10.9% | 13.7% | |
| Max Drawdown | -17.5% | -33.4% | |
| Fund Family | Goldman Sachs Asset Management | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Oct 24, 2023 | Oct 20, 2011 |
GPIX vs SCHD Performance
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is a ETF from Goldman Sachs Asset Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year GPIX returned +19.44% while SCHD returned +30.94%. Year to date, GPIX is up 10.01% versus a gain of 22.69% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 10.9% 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 -33.4% for SCHD. 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GPIX charges 0.29% per year while SCHD charges 0.06%. On a $10,000 position that is $29 vs $6 annually, a gap of $23 per year that compounds over a long holding period. On income, GPIX currently yields 8.15% against 3.31% for SCHD.
Holdings Overlap
GPIX and SCHD share 44 holdings out of 549 unique holdings combined, representing a 8.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GPIX | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 0.61% | 4.54% | 3.93% |
| HD | 0.66% | 4.16% | 3.50% |
| MRK | 0.50% | 4.32% | 3.82% |
| ABT | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
See all 10 holdings GPIX shares with SCHD 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 SCHD?
GPIX has an expense ratio of 0.29% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
Which performed better, GPIX or SCHD?
Over the past year GPIX returned +19.44% vs +30.94% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), GPIX annualized +23.92% vs +11.31% for SCHD. Past performance does not guarantee future results.
Which is riskier, GPIX or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 10.9% for GPIX. Worst drawdown: GPIX -17.5% vs SCHD -33.4%.
Should I hold both GPIX and SCHD?
GPIX and SCHD have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GPIX and SCHD?
GPIX and SCHD share 44 common holdings with a 8.4% weight overlap. Combined, they hold 549 unique securities.
Which pays a higher dividend, GPIX or SCHD?
GPIX yields 8.15% while SCHD yields 3.31%, so GPIX currently pays the higher dividend yield.
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