EQTY vs GPIX
Kovitz Core Equity ETF vs Goldman Sachs S&P 500 Premium Income ETF
Which is better, EQTY or GPIX?
GPIX has been ahead.
GPIX has a lower expense ratio. GPIX led over 1Y, 3Y and the full window. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 42.4%.
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 | EQTY | GPIX |
|---|---|---|
| Expense Ratio | 0.99% | 0.29%Best |
| AUM | $1.4B | $6.3B |
| Dividend Yield | 0.02% | 8.16% |
| Holdings | 39 | 496 |
| YTD Return | +8.78% | +13.52%Best |
| 1Y Return | +13.61% | +17.92%Best |
| 3Y Return (annualized) | +17.28% | +23.39%Best |
| Volatility (annualized) | 12.1% | 10.5%Best |
| Max Drawdown | -17.3%Best | -17.5% |
| $10,000 over 3 years | $17,207 | $18,786Best |
| Top 10 Weight | 42.4% | 38.9%Best |
| Fund Family | Kovitz Investment Group | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 28, 2011 | Oct 24, 2023 |
Not shown on this pair: 5Y Return (annualized).
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 14, 2026 (3 years).
EQTY 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.
EQTY vs GPIX Performance
Kovitz Core Equity ETF (EQTY) is an ETF from Kovitz Investment Group and Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management. Over the past year EQTY returned +13.61% while GPIX returned +17.92%. Year to date, EQTY is up 8.78% versus a gain of 13.52% for GPIX.
Over three years, EQTY compounded at +17.28% per year against +23.39% for GPIX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EQTY has been the more volatile fund, with annualized monthly volatility of 12.1% 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 -17.3% for EQTY 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
EQTY charges 0.99% per year while GPIX charges 0.29%. On a $10,000 position that is $99 vs $29 annually, a gap of $70 per year that compounds over a long holding period. On income, EQTY currently yields 0.02% against 8.16% for GPIX.
Holdings Overlap
88.8% of EQTY's money is in holdings GPIX also owns. 30.6% of GPIX's money is in holdings EQTY also owns.
Most of EQTY is already inside GPIX. Owning both mostly buys the same companies twice.
33 positions in common, counted across the 38 positions we hold weights for in EQTY and 491 in GPIX, against full books of 39 and 496.
What only one of them owns
Our book lists 436 positions for GPIX that do not appear in our book for EQTY (69.0% of the fund), and 4 for EQTY that do not appear in GPIX (6.8%).
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 EQTY | Weight in GPIX | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.09% | 5.50% | 0.41% |
| AAPLApple, Inc | 1.72% | 7.41% | 5.69% |
| AMZNAmazon.Com Inc | 3.14% | 3.83% | 0.69% |
| VVisa Inc Class A | 4.50% | 0.99% | 3.51% |
| GOOGAlphabet Inc. C | 4.01% | 1.14% | 2.87% |
| SCHWSchwab Strategic T | 4.57% | 0.25% | 4.32% |
| METAMeta Platforms Inc | 3.25% | 1.47% | 1.78% |
| PMPhilip Morris International Inc. | 4.08% | 0.45% | 3.63% |
| ICEIntercontinental Exchange Grp Usd0.01 | 4.21% | 0.20% | 4.01% |
| WATWaters Corp. | 4.35% | 0.05% | 4.30% |
88.8% of EQTY 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, EQTY or GPIX?
EQTY has an expense ratio of 0.99% while GPIX charges 0.29%. GPIX is the cheaper option, by $70 a year on a $10,000 investment.
Which performed better, EQTY or GPIX?
Over the past year EQTY returned +13.61% vs +17.92% for GPIX, so GPIX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EQTY or GPIX?
EQTY has been the more volatile fund at 12.1% annualized versus 10.5% for GPIX. Worst drawdown: EQTY -17.3% vs GPIX -17.5%.
Should I hold both EQTY and GPIX?
EQTY 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 EQTY and GPIX?
88.8% of EQTY's money is in holdings GPIX also owns. 30.6% of GPIX's is in holdings EQTY also owns. They hold 33 positions in common, counted across the 38 positions we hold weights for in EQTY and 491 in GPIX.
Which pays a higher dividend, EQTY or GPIX?
EQTY yields 0.02% while GPIX yields 8.16%, so GPIX currently pays the higher dividend yield.
Is GPIX better than EQTY?
GPIX has a lower expense ratio. GPIX led over 1Y, 3Y and the full window. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 42.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.