ALRG vs GPIX
Allspring LT Large Core ETF vs Goldman Sachs S&P 500 Premium Income ETF
Which is better, ALRG or GPIX?
ALRG has been ahead.
ALRG has a lower expense ratio. ALRG led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 47.1%.
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 | ALRG | GPIX |
|---|---|---|
| Expense Ratio | 0.28%Best | 0.29% |
| AUM | $8M | $6.3B |
| Dividend Yield | 0.42% | 8.16% |
| Holdings | 51 | 496 |
| YTD Return | +13.91%Best | +13.52% |
| 1Y Return | +18.20%Best | +17.92% |
| 3Y Return (annualized) | - | +23.39% |
| Volatility (annualized) | 11.9% | 9.9%Best |
| Max Drawdown | -9.3% | -7.7%Best |
| $10,000 over 1.3 years | $12,860Best | $12,603 |
| Top 10 Weight | 47.1% | 38.9%Best |
| Fund Family | Allspring Global Investments | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 8, 2025 | Oct 24, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jul 8, 2025 to Oct 14, 2026 (1.3 years).
ALRG 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 1.3 years both funds cover.
ALRG vs GPIX Performance
Allspring LT Large Core ETF (ALRG) is an ETF from Allspring Global Investments and Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management. Over the past year ALRG returned +18.20% while GPIX returned +17.92%. Year to date, ALRG is up 13.91% versus a gain of 13.52% for GPIX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ALRG has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 9.9% 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 -9.3% for ALRG and -7.7% 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ALRG charges 0.28% per year while GPIX charges 0.29%. On a $10,000 position that is $28 vs $29 annually, a gap of $1 per year that compounds over a long holding period. On income, ALRG currently yields 0.42% against 8.16% for GPIX.
Holdings Overlap
89.6% of ALRG's money is in holdings GPIX also owns. 43.2% of GPIX's money is in holdings ALRG also owns.
Most of ALRG is already inside GPIX. Owning both mostly buys the same companies twice.
44 positions in common, counted across the 50 positions we hold weights for in ALRG and 491 in GPIX, against full books of 51 and 496.
What only one of them owns
Our book lists 424 positions for GPIX that do not appear in our book for ALRG (56.4% of the fund), and 0 for ALRG that do not appear in GPIX (0.0%).
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 ALRG | Weight in GPIX | Difference |
|---|---|---|---|
| AAPLApple, Inc | 8.81% | 7.41% | 1.40% |
| NVDANvidia Corp | 5.43% | 8.14% | 2.71% |
| MSFTMicrosoft Corp | 7.79% | 5.50% | 2.29% |
| AMZNAmazon.Com Inc | 4.79% | 3.83% | 0.96% |
| GOOGAlphabet Inc. C | 5.53% | 1.14% | 4.39% |
| AVGOBroadcom Inc | 3.83% | 2.51% | 1.32% |
| METAMeta Platforms Inc | 2.86% | 1.47% | 1.39% |
| JPMJpmorgan Chase | 2.59% | 1.47% | 1.12% |
| LLYEli Lilly & Co. | 2.68% | 1.36% | 1.32% |
| AMDAdvanced Micro Devices Inc | 2.75% | 1.28% | 1.47% |
89.6% of ALRG 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.
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Frequently Asked Questions
Which is cheaper, ALRG or GPIX?
ALRG has an expense ratio of 0.28% while GPIX charges 0.29%. ALRG is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, ALRG or GPIX?
Over the past year ALRG returned +18.20% vs +17.92% for GPIX, so ALRG leads on 1-year performance. Over the longest common window we track (1 years), ALRG annualized +21.35% vs +19.48% for GPIX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALRG or GPIX?
ALRG has been the more volatile fund at 11.9% annualized versus 9.9% for GPIX. Worst drawdown: ALRG -9.3% vs GPIX -7.7%.
Should I hold both ALRG and GPIX?
ALRG and GPIX have a monthly-return correlation of 0.94, 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 ALRG and GPIX?
89.6% of ALRG's money is in holdings GPIX also owns. 43.2% of GPIX's is in holdings ALRG also owns. They hold 44 positions in common, counted across the 50 positions we hold weights for in ALRG and 491 in GPIX.
Which pays a higher dividend, ALRG or GPIX?
ALRG yields 0.42% while GPIX yields 8.16%, so GPIX currently pays the higher dividend yield.
Is GPIX better than ALRG?
ALRG has a lower expense ratio. ALRG led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 47.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.