GOP vs GPIX
Subversive Congressional Republicans Trading ETF vs Goldman Sachs S&P 500 Premium Income ETF
Which is better, GOP or GPIX?
Each has led over a different period.
GPIX has a lower expense ratio. GOP led over 1Y and the full window, GPIX over 3Y. The two have moved almost in lockstep, correlation 0.90. GOP is less concentrated, with 38.4% of the fund in its ten largest positions against 38.9%.
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 | GOP | GPIX |
|---|---|---|
| Expense Ratio | 0.73% | 0.29%Best |
| AUM | $94M | $6.3B |
| Dividend Yield | 0.56% | 8.16% |
| Holdings | 141 | 496 |
| YTD Return | +19.48%Best | +13.52% |
| 1Y Return | +22.08%Best | +17.92% |
| 3Y Return (annualized) | +21.66% | +23.39%Best |
| Volatility (annualized) | 13.2% | 10.5%Best |
| Max Drawdown | -20.7% | -17.5%Best |
| $10,000 over 3 years | $18,942Best | $18,786 |
| Top 10 Weight | 38.4%Best | 38.9% |
| Fund Family | Subversive Capital | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 7, 2023 | 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).
GOP 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.
GOP vs GPIX Performance
Subversive Congressional Republicans Trading ETF (GOP) is an ETF from Subversive Capital and Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management. Over the past year GOP returned +22.08% while GPIX returned +17.92%. Year to date, GOP is up 19.48% versus a gain of 13.52% for GPIX.
Over three years, GOP compounded at +21.66% per year against +23.39% for GPIX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GOP 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 -20.7% for GOP 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GOP charges 0.73% per year while GPIX charges 0.29%. On a $10,000 position that is $73 vs $29 annually, a gap of $44 per year that compounds over a long holding period. On income, GOP currently yields 0.56% against 8.16% for GPIX.
Holdings Overlap
69.1% of GOP's money is in holdings GPIX also owns. 52.2% of GPIX's money is in holdings GOP also owns.
The two portfolios partly overlap.
85 positions in common, counted across the 135 positions we hold weights for in GOP and 491 in GPIX, against full books of 141 and 496.
What only one of them owns
Our book lists 384 positions for GPIX that do not appear in our book for GOP (47.4% of the fund), and 43 for GOP that do not appear in GPIX (25.2%).
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 GOP | Weight in GPIX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.48% | 8.14% | 4.66% |
| AAPLApple, Inc | 0.57% | 7.41% | 6.84% |
| FIXComfort Systems USA Inc. | 7.59% | 0.08% | 7.51% |
| INTCIntel Corporation | 6.45% | 0.76% | 5.69% |
| MSFTMicrosoft Corp | 0.56% | 5.50% | 4.94% |
| JPMJpmorgan Chase | 4.17% | 1.47% | 2.70% |
| AMDAdvanced Micro Devices Inc | 3.29% | 1.28% | 2.01% |
| AMZNAmazon.Com Inc | 0.63% | 3.83% | 3.20% |
| ANETArista Networks Inc. | 3.65% | 0.33% | 3.32% |
| AVGOBroadcom Inc | 0.84% | 2.51% | 1.67% |
69.1% of GOP 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, GOP or GPIX?
GOP has an expense ratio of 0.73% while GPIX charges 0.29%. GPIX is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, GOP or GPIX?
Over the past year GOP returned +22.08% vs +17.92% for GPIX, so GOP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GOP or GPIX?
GOP has been the more volatile fund at 13.2% annualized versus 10.5% for GPIX. Worst drawdown: GOP -20.7% vs GPIX -17.5%.
Should I hold both GOP and GPIX?
GOP and GPIX have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between GOP and GPIX?
69.1% of GOP's money is in holdings GPIX also owns. 52.2% of GPIX's is in holdings GOP also owns. They hold 85 positions in common, counted across the 135 positions we hold weights for in GOP and 491 in GPIX.
Which pays a higher dividend, GOP or GPIX?
GOP yields 0.56% while GPIX yields 8.16%, so GPIX currently pays the higher dividend yield.
Is GPIX better than GOP?
GPIX has a lower expense ratio. GOP led over 1Y and the full window, GPIX over 3Y. The two have moved almost in lockstep, correlation 0.90. GOP is less concentrated, with 38.4% of the fund in its ten largest positions against 38.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.