GAB vs GPIX
Gabelli Equity Trust vs Goldman Sachs S&P 500 Premium Income ETF
Which is better, GAB or GPIX?
GPIX has been ahead.
GPIX has a lower expense ratio. GPIX led over 1Y, 3Y and the full window.
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 | GAB | GPIX |
|---|---|---|
| Expense Ratio | 1.50% | 0.29%Best |
| AUM | $2.3B | $6.3B |
| Dividend Yield | 10.96% | 8.16% |
| Holdings | 682 | 496 |
| YTD Return | -8.60% | +13.52%Best |
| 1Y Return | -4.60% | +17.92%Best |
| 3Y Return (annualized) | +12.18% | +23.39%Best |
| 5Y Return (annualized) | +4.88% | - |
| Volatility (annualized) | 12.6% | 10.5%Best |
| Max Drawdown | -13.8%Best | -17.5% |
| $10,000 over 3 years | $15,201 | $18,786Best |
| Fund Family | Gabelli Funds | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 21, 1986 | Oct 24, 2023 |
Not shown on this pair: Top 10 Weight.
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).
GAB 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.
GAB vs GPIX Performance
Gabelli Equity Trust (GAB) is an ETF from Gabelli Funds and Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management. Over the past year GAB returned -4.60% while GPIX returned +17.92%. Year to date, GAB is down 8.60% versus a gain of 13.52% for GPIX.
Over three years, GAB compounded at +12.18% per year against +23.39% for GPIX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GAB has been the more volatile fund, with annualized monthly volatility of 12.6% 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 -13.8% for GAB 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 0.62. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GAB charges 1.50% per year while GPIX charges 0.29%. On a $10,000 position that is $150 vs $29 annually, a gap of $121 per year that compounds over a long holding period. On income, GAB currently yields 10.96% against 8.16% for GPIX.
Holdings Overlap
At least 69.4% of GPIX's money is in holdings GAB also owns.
Only one direction is shown: for GAB, our book for it lists positions totalling 115.3% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
The two portfolios partly overlap.
The two holdings books were reported 168 days apart, GAB as of Mar 31, 2026 and GPIX as of Sep 15, 2026, so some of the difference between them is the time between the two reports rather than the funds.
189 positions in common, counted across the 655 positions we hold weights for in GAB and 491 in GPIX, against full books of 682 and 496.
Top Shared Holdings
| Stock | Weight in GAB | Weight in GPIX | Difference |
|---|---|---|---|
| NVDANVIDIA Corporation | 0.08% | 8.14% | 8.06% |
| AAPLApple, Inc | 0.09% | 7.41% | 7.32% |
| MSFTMicrosoft Corp | 0.15% | 5.50% | 5.35% |
| AMZNAmazon.Com Inc | 0.13% | 3.83% | 3.70% |
| AMEAmetek Inc | 3.66% | 0.07% | 3.59% |
| DEDeere & Co. | 3.16% | 0.27% | 2.89% |
| MAMastercard Inc. Cl A | 2.49% | 0.73% | 1.76% |
| AXPAmerican Express Co. | 2.66% | 0.24% | 2.42% |
| AVGOBroadcom Inc | 0.10% | 2.51% | 2.41% |
| TXNTexas Instruments, Inc | 1.89% | 0.41% | 1.48% |
69.4% of GPIX is already inside GAB.
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, GAB or GPIX?
GAB has an expense ratio of 1.50% while GPIX charges 0.29%. GPIX is the cheaper option, by $121 a year on a $10,000 investment.
Which performed better, GAB or GPIX?
Over the past year GAB returned -4.60% 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, GAB or GPIX?
GAB has been the more volatile fund at 12.6% annualized versus 10.5% for GPIX. Worst drawdown: GAB -13.8% vs GPIX -17.5%.
Should I hold both GAB and GPIX?
GAB and GPIX have a monthly-return correlation of 0.62, 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 GAB and GPIX?
At least 69.4% of GPIX's money is in holdings GAB also owns. Our book for GAB is partial, so the real figure is this or higher. They hold 189 positions in common, counted across the 655 positions we hold weights for in GAB and 491 in GPIX.
Which pays a higher dividend, GAB or GPIX?
GAB yields 10.96% while GPIX yields 8.16%, so GAB currently pays the higher dividend yield.
Is GPIX better than GAB?
GPIX has a lower expense ratio. GPIX led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.