CEPI vs GPIX
REX Crypto Equity Premium Income ETF vs Goldman Sachs S&P 500 Premium Income ETF
Which is better, CEPI 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 51.7%.
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 | CEPI | GPIX |
|---|---|---|
| Expense Ratio | 0.85% | 0.29%Best |
| AUM | $125M | $6.3B |
| Dividend Yield | 43.98% | 8.16% |
| Holdings | 149 | 496 |
| YTD Return | +13.66%Best | +13.52% |
| 1Y Return | +2.47% | +17.92%Best |
| 3Y Return (annualized) | - | +23.39% |
| Volatility (annualized) | 25.9% | 10.6%Best |
| Max Drawdown | -28.9% | -17.5%Best |
| $10,000 over 1.9 years | $12,185 | $12,998Best |
| Top 10 Weight | 51.7% | 38.9%Best |
| Fund Family | REX Shares | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 4, 2024 | Oct 24, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Dec 4, 2024 to Oct 14, 2026 (1.9 years).
CEPI 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 1.9 years both funds cover.
CEPI vs GPIX Performance
REX Crypto Equity Premium Income ETF (CEPI) is an ETF from REX Shares and Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management. Over the past year CEPI returned +2.47% while GPIX returned +17.92%. Year to date, CEPI is up 13.66% versus a gain of 13.52% for GPIX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CEPI has been the more volatile fund, with annualized monthly volatility of 25.9% compared with 10.6% 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 -28.9% for CEPI 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CEPI charges 0.85% per year while GPIX charges 0.29%. On a $10,000 position that is $85 vs $29 annually, a gap of $56 per year that compounds over a long holding period. On income, CEPI currently yields 43.98% against 8.16% for GPIX.
Holdings Overlap
51.2% of CEPI's money is in holdings GPIX also owns. 14.9% of GPIX's money is in holdings CEPI also owns.
The two portfolios partly overlap.
11 positions in common, counted across the 26 positions we hold weights for in CEPI and 491 in GPIX, against full books of 149 and 496.
What only one of them owns
Our book lists 457 positions for GPIX that do not appear in our book for CEPI (84.7% of the fund), and 13 for CEPI that do not appear in GPIX (40.9%).
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 CEPI | Weight in GPIX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.92% | 8.14% | 3.22% |
| TSLATesla Inc | 5.38% | 1.57% | 3.81% |
| AMDAdvanced Micro Devices Inc | 5.64% | 1.28% | 4.36% |
| MUMicron Technology, Inc. | 4.87% | 1.69% | 3.18% |
| VVisa Inc Class A | 5.35% | 0.99% | 4.36% |
| MAMastercard Inc | 5.28% | 0.73% | 4.55% |
| PYPLPaypal Holdings Inc | 5.07% | 0.07% | 5.00% |
| COINCoinbase Global, Inc. | 4.98% | 0.03% | 4.95% |
| HOODRobinhood Markets Inc - A | 4.83% | 0.18% | 4.65% |
| IBKRInteractive Brokers Group Inc | 2.56% | 0.14% | 2.42% |
51.2% of CEPI 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, CEPI or GPIX?
CEPI has an expense ratio of 0.85% while GPIX charges 0.29%. GPIX is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, CEPI or GPIX?
Over the past year CEPI returned +2.47% vs +17.92% for GPIX, so GPIX leads on 1-year performance. Over the longest common window we track (2 years), CEPI annualized +10.96% vs +14.80% for GPIX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CEPI or GPIX?
CEPI has been the more volatile fund at 25.9% annualized versus 10.6% for GPIX. Worst drawdown: CEPI -28.9% vs GPIX -17.5%.
Should I hold both CEPI and GPIX?
CEPI and GPIX have a monthly-return correlation of 0.80, 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 CEPI and GPIX?
51.2% of CEPI's money is in holdings GPIX also owns. 14.9% of GPIX's is in holdings CEPI also owns. They hold 11 positions in common, counted across the 26 positions we hold weights for in CEPI and 491 in GPIX.
Which pays a higher dividend, CEPI or GPIX?
CEPI yields 43.98% while GPIX yields 8.16%, so CEPI currently pays the higher dividend yield.
Is GPIX better than CEPI?
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 51.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.