GDV vs GPIX
Gabelli Dividend & Income Trust vs Goldman Sachs S&P 500 Premium Income ETF
Which is better, GDV 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 | GDV | GPIX |
|---|---|---|
| Expense Ratio | 1.30% | 0.29%Best |
| AUM | $3.4B | $6.3B |
| Dividend Yield | 5.50% | 8.16% |
| Holdings | 715 | 496 |
| YTD Return | +6.53% | +13.52%Best |
| 1Y Return | +11.90% | +17.92%Best |
| 3Y Return (annualized) | +20.57% | +23.39%Best |
| 5Y Return (annualized) | +7.80% | - |
| Volatility (annualized) | 13.2% | 10.5%Best |
| Max Drawdown | -18.2% | -17.5%Best |
| $10,000 over 3 years | $18,736 | $18,786Best |
| Fund Family | Gabelli Funds | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 28, 2003 | 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).
GDV 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.
GDV vs GPIX Performance
Gabelli Dividend & Income Trust (GDV) 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 GDV returned +11.90% while GPIX returned +17.92%. Year to date, GDV is up 6.53% versus a gain of 13.52% for GPIX.
Over three years, GDV compounded at +20.57% per year against +23.39% for GPIX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GDV has been the more volatile fund, with annualized monthly volatility of 13.2% 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 -18.2% for GDV 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GDV charges 1.30% per year while GPIX charges 0.29%. On a $10,000 position that is $130 vs $29 annually, a gap of $101 per year that compounds over a long holding period. On income, GDV currently yields 5.50% against 8.16% for GPIX.
Holdings Overlap
At least 75.8% of GPIX's money is in holdings GDV also owns.
Only one direction is shown: for GDV, our book for it lists positions totalling 110.0% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
Most of GPIX is already inside GDV. Owning both mostly buys the same companies twice.
The two holdings books were reported 168 days apart, GDV 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.
213 positions in common, counted across the 678 positions we hold weights for in GDV and 491 in GPIX, against full books of 715 and 496.
Top Shared Holdings
| Stock | Weight in GDV | Weight in GPIX | Difference |
|---|---|---|---|
| NVDANVIDIA Corporation | 1.32% | 8.14% | 6.82% |
| AAPLApple, Inc | 0.97% | 7.41% | 6.44% |
| MSFTMicrosoft Corp | 1.41% | 5.50% | 4.09% |
| AMZNAmazon.Com Inc | 0.87% | 3.83% | 2.96% |
| JPMJpmorgan Chase & Co | 2.42% | 1.47% | 0.95% |
| GOOGLAlphabet Inc Cl A | 0.27% | 3.25% | 2.98% |
| MAMastercard Inc. Cl A | 2.40% | 0.73% | 1.67% |
| AVGOBroadcom Inc | 0.59% | 2.51% | 1.92% |
| LLYEli Lilly & Co. | 1.53% | 1.36% | 0.17% |
| GOOGAlphabet Inc Cl C | 1.67% | 1.14% | 0.53% |
75.8% of GPIX is already inside GDV.
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, GDV or GPIX?
GDV has an expense ratio of 1.30% while GPIX charges 0.29%. GPIX is the cheaper option, by $101 a year on a $10,000 investment.
Which performed better, GDV or GPIX?
Over the past year GDV returned +11.90% 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, GDV or GPIX?
GDV has been the more volatile fund at 13.2% annualized versus 10.5% for GPIX. Worst drawdown: GDV -18.2% vs GPIX -17.5%.
Should I hold both GDV and GPIX?
GDV and GPIX have a monthly-return correlation of 0.86, 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 GDV and GPIX?
At least 75.8% of GPIX's money is in holdings GDV also owns. Our book for GDV is partial, so the real figure is this or higher. They hold 213 positions in common, counted across the 678 positions we hold weights for in GDV and 491 in GPIX.
Which pays a higher dividend, GDV or GPIX?
GDV yields 5.50% while GPIX yields 8.16%, so GPIX currently pays the higher dividend yield.
Is GPIX better than GDV?
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.