GPIX vs VOO
GPIX vs VOO
Goldman Sachs S&P 500 Premium Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GPIX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $4.9B | $979.0B | |
| Dividend Yield | 8.15% | 1.09% | |
| Holdings | 496 | 509 | |
| YTD Return | +11.70% | +13.53% | |
| 1Y Return | +21.35% | +23.65% | |
| 3Y Return (annualized) | - | +21.27% | |
| 5Y Return (annualized) | - | +13.52% | |
| Volatility (annualized) | 10.7% | 14.1% | |
| Max Drawdown | -17.5% | -34.3% | |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 24, 2023 | Sep 7, 2010 |
GPIX vs VOO Performance
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is a ETF from Goldman Sachs Asset Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year GPIX returned +21.35% while VOO returned +23.65%. Year to date, GPIX is up 11.70% versus a gain of 13.53% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 10.7% 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 -34.3% for VOO. 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 VOO 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 VOO.
Holdings Overlap
GPIX and VOO share 487 holdings out of 511 unique holdings combined, representing a 90.8% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in GPIX | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 7.26% | 7.51% | 0.25% |
| AAPL | 6.98% | 6.59% | 0.39% |
| MSFT | 4.10% | 4.30% | 0.20% |
| GOOGL | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings GPIX shares with VOO 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 VOO?
GPIX has an expense ratio of 0.29% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, GPIX or VOO?
Over the past year GPIX returned +21.35% vs +23.65% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), GPIX annualized +24.49% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, GPIX or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 10.7% for GPIX. Worst drawdown: GPIX -17.5% vs VOO -34.3%.
Should I hold both GPIX and VOO?
GPIX and VOO 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 VOO?
GPIX and VOO share 487 common holdings with a 90.8% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, GPIX or VOO?
GPIX yields 8.15% while VOO yields 1.09%, so GPIX currently pays the higher dividend yield.
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