AFLG vs GPIX
First Trust Active Factor Large Cap ETF vs Goldman Sachs S&P 500 Premium Income ETF
Which is better, AFLG or GPIX?
Nearly the same fund. GPIX costs less.
GPIX has a lower expense ratio. AFLG led over 1Y and the full window, GPIX over 3Y. The two have moved almost in lockstep, correlation 0.96. AFLG is less concentrated, with 33.0% of the fund in its ten largest positions against 38.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AFLG | GPIX |
|---|---|---|
| Expense Ratio | 0.55% | 0.29%Best |
| AUM | $803M | $6.3B |
| Dividend Yield | 0.71% | 8.16% |
| Holdings | 435 | 496 |
| YTD Return | +15.28%Best | +13.84% |
| 1Y Return | +17.84%Best | +17.80% |
| 3Y Return (annualized) | +22.61% | +23.49%Best |
| 5Y Return (annualized) | +12.73% | - |
| Volatility (annualized) | 11.9% | 10.5%Best |
| Max Drawdown | -17.5%Tie | -17.5%Tie |
| $10,000 over 3 years | $19,503Best | $18,832 |
| Top 10 Weight | 33.0%Best | 38.9% |
| Fund Family | First Trust Portfolios (US) | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 4, 2019 | Oct 24, 2023 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 26, 2023 to Oct 15, 2026 (3 years).
AFLG vs GPIX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3 years both funds cover.
AFLG vs GPIX Performance
First Trust Active Factor Large Cap ETF (AFLG) is an ETF from First Trust Portfolios (US) and Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management. Over the past year AFLG returned +17.84% while GPIX returned +17.80%. Year to date, AFLG is up 15.28% versus a gain of 13.84% for GPIX.
Over three years, AFLG compounded at +22.61% per year against +23.49% for GPIX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AFLG has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 10.5% 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 AFLG and -17.5% for GPIX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AFLG charges 0.55% per year while GPIX charges 0.29%. On a $10,000 position that is $55 vs $29 annually, a gap of $26 per year that compounds over a long holding period. On income, AFLG currently yields 0.71% against 8.16% for GPIX.
Holdings Overlap
89.0% of AFLG's money is in holdings GPIX also owns. 61.0% of GPIX's money is in holdings AFLG also owns.
Most of AFLG is already inside GPIX. Owning both mostly buys the same companies twice.
182 positions in common, counted across the 218 positions we hold weights for in AFLG and 491 in GPIX, against full books of 435 and 496.
What only one of them owns
Our book lists 289 positions for GPIX that do not appear in our book for AFLG (38.8% of the fund), and 34 for AFLG that do not appear in GPIX (10.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in AFLG | Weight in GPIX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.85% | 8.14% | 0.29% |
| AAPLApple, Inc | 6.58% | 7.41% | 0.83% |
| MSFTMicrosoft Corp | 4.00% | 5.50% | 1.50% |
| GOOGLAlphabet Inc | 5.62% | 3.25% | 2.37% |
| AMZNAmazon.Com Inc | 2.37% | 3.83% | 1.46% |
| AVGOBroadcom Inc | 2.50% | 2.51% | 0.01% |
| METAMeta Platforms Inc | 0.79% | 1.47% | 0.68% |
| XOMExxonmobil Corp. | 0.98% | 1.08% | 0.10% |
| MUMicron Technology, Inc. | 0.36% | 1.69% | 1.33% |
| VVisa Inc Class A | 1.03% | 0.99% | 0.04% |
89.0% of AFLG is already inside GPIX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AFLG or GPIX?
AFLG has an expense ratio of 0.55% while GPIX charges 0.29%. GPIX is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, AFLG or GPIX?
Over the past year AFLG returned +17.84% vs +17.80% for GPIX, so AFLG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AFLG or GPIX?
AFLG has been the more volatile fund at 11.9% annualized versus 10.5% for GPIX. Worst drawdown: AFLG -17.5% vs GPIX -17.5%.
Should I hold both AFLG and GPIX?
AFLG and GPIX have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between AFLG and GPIX?
89.0% of AFLG's money is in holdings GPIX also owns. 61.0% of GPIX's is in holdings AFLG also owns. They hold 182 positions in common, counted across the 218 positions we hold weights for in AFLG and 491 in GPIX.
Which pays a higher dividend, AFLG or GPIX?
AFLG yields 0.71% while GPIX yields 8.16%, so GPIX currently pays the higher dividend yield.
Is GPIX better than AFLG?
GPIX has a lower expense ratio. AFLG led over 1Y and the full window, GPIX over 3Y. The two have moved almost in lockstep, correlation 0.96. AFLG is less concentrated, with 33.0% of the fund in its ten largest positions against 38.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.