BELT vs GPIX
iShares US Select Equity Active ETF vs Goldman Sachs S&P 500 Premium Income ETF
Which is better, BELT or GPIX?
GPIX has been ahead.
GPIX has a lower expense ratio. GPIX led over 1Y and the full window. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 68.5%.
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 | BELT | GPIX |
|---|---|---|
| Expense Ratio | 0.75% | 0.29%Best |
| AUM | $10M | $6.3B |
| Dividend Yield | 0.02% | 8.16% |
| Holdings | 20 | 496 |
| Volatility (annualized) | 18.8% | 10.5%Best |
| Max Drawdown | -23.1% | -17.5%Best |
| $10,000 over 2.1 years | $13,054 | $14,359Best |
| Top 10 Weight | 68.5% | 38.9%Best |
| Fund Family | BlackRock, Inc. (US) | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 17, 2024 | Oct 24, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 63 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BELT has data through Aug 12, 2026 and GPIX through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Jun 18, 2024 to Aug 12, 2026 (2.1 years).
Risk: Volatility and Drawdowns
BELT has been the more volatile fund, with annualized monthly volatility of 18.8% 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 -23.1% for BELT 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BELT charges 0.75% per year while GPIX charges 0.29%. On a $10,000 position that is $75 vs $29 annually, a gap of $46 per year that compounds over a long holding period. On income, BELT currently yields 0.02% against 8.16% for GPIX.
Holdings Overlap
83.1% of BELT's money is in holdings GPIX also owns. 18.4% of GPIX's money is in holdings BELT also owns.
Most of BELT is already inside GPIX. Owning both mostly buys the same companies twice.
16 positions in common, counted across the 19 positions we hold weights for in BELT and 491 in GPIX, against full books of 20 and 496.
What only one of them owns
Our book lists 452 positions for GPIX that do not appear in our book for BELT (81.2% of the fund), and 1 for BELT that do not appear in GPIX (7.7%).
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 BELT | Weight in GPIX | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 8.66% | 3.83% | 4.83% |
| MSFTMicrosoft Corp | 6.27% | 5.50% | 0.77% |
| AVGOBroadcom Inc | 7.97% | 2.51% | 5.46% |
| HWMHowmet Aerospace | 9.80% | 0.16% | 9.64% |
| GOOGAlphabet Inc. C | 8.04% | 1.14% | 6.90% |
| INTCIntel Corporation | 5.04% | 0.76% | 4.28% |
| VRTVertiv Holdings Co | 5.40% | 0.14% | 5.26% |
| METAMeta Platforms Inc | 4.02% | 1.47% | 2.55% |
| MAMastercard Inc | 4.45% | 0.73% | 3.72% |
| CDNSCadence Design Systems Inc. | 4.76% | 0.11% | 4.65% |
83.1% of BELT 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, BELT or GPIX?
BELT has an expense ratio of 0.75% while GPIX charges 0.29%. GPIX is the cheaper option, by $46 a year on a $10,000 investment.
Which is riskier, BELT or GPIX?
BELT has been the more volatile fund at 18.8% annualized versus 10.5% for GPIX. Worst drawdown: BELT -23.1% vs GPIX -17.5%.
Should I hold both BELT and GPIX?
BELT and GPIX have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BELT and GPIX?
83.1% of BELT's money is in holdings GPIX also owns. 18.4% of GPIX's is in holdings BELT also owns. They hold 16 positions in common, counted across the 19 positions we hold weights for in BELT and 491 in GPIX.
Which pays a higher dividend, BELT or GPIX?
BELT yields 0.02% while GPIX yields 8.16%, so GPIX currently pays the higher dividend yield.
Is GPIX better than BELT?
GPIX has a lower expense ratio. GPIX led over 1Y and the full window. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 68.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.