GPIX vs GQI
Goldman Sachs S&P 500 Premium Income ETF vs Natixis Gateway Quality Income ETF
Which is better, GPIX or GQI?
Nearly the same fund. GPIX costs less.
GPIX has a lower expense ratio. GPIX led over the full window, GQI over 1Y. The two have moved almost in lockstep, correlation 0.96.
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 | GPIX | GQI |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.34% |
| AUM | $6.3B | $304M |
| Dividend Yield | 8.16% | 8.66% |
| Holdings | 496 | 110 |
| YTD Return | +13.52% | +15.06%Best |
| 1Y Return | +17.92% | +21.24%Best |
| 3Y Return (annualized) | +23.39% | - |
| Volatility (annualized) | 10.1% | 8.8%Best |
| Max Drawdown | -17.5% | -16.6%Best |
| $10,000 over 2.8 years | $16,533Best | $15,358 |
| Fund Family | Goldman Sachs Asset Management | Natixis Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 24, 2023 | Dec 13, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 13, 2023 to Oct 14, 2026 (2.8 years).
GPIX vs GQI 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 2.8 years both funds cover.
GPIX vs GQI Performance
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management and Natixis Gateway Quality Income ETF (GQI) is an ETF from Natixis Funds. Over the past year GPIX returned +17.92% while GQI returned +21.24%. Year to date, GPIX is up 13.52% versus a gain of 15.06% for GQI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GPIX has been the more volatile fund, with annualized monthly volatility of 10.1% compared with 8.8% for GQI. 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 -17.5% for GPIX and -16.6% for GQI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GPIX charges 0.29% per year while GQI charges 0.34%. On a $10,000 position that is $29 vs $34 annually, a gap of $5 per year that compounds over a long holding period. On income, GPIX currently yields 8.16% against 8.66% for GQI.
Holdings Overlap
At least 55.7% of GPIX's money is in holdings GQI also owns.
Stated as a floor: for GQI, our book for it covers 89.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
103 positions in common, counted across the 491 positions we hold weights for in GPIX and 118 in GQI, against full books of 496 and 110.
Top Shared Holdings
| Stock | Weight in GPIX | Weight in GQI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.14% | 8.31% | 0.17% |
| AAPLApple, Inc | 7.41% | 7.52% | 0.11% |
| MSFTMicrosoft Corp | 5.50% | 4.06% | 1.44% |
| GOOGLAlphabet Inc | 3.25% | 5.23% | 1.98% |
| AMZNAmazon.Com Inc | 3.83% | 3.31% | 0.52% |
| AVGOBroadcom Inc | 2.51% | 2.08% | 0.43% |
| METAMeta Platforms Inc | 1.47% | 2.11% | 0.64% |
| MUMicron Technology, Inc. | 1.69% | 1.86% | 0.17% |
| MAMastercard Inc | 0.73% | 2.31% | 1.58% |
| JPMJpmorgan Chase | 1.47% | 1.29% | 0.18% |
55.7% of GPIX is already inside GQI.
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, GPIX or GQI?
GPIX has an expense ratio of 0.29% while GQI charges 0.34%. GPIX is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, GPIX or GQI?
Over the past year GPIX returned +17.92% vs +21.24% for GQI, so GQI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GPIX or GQI?
GPIX has been the more volatile fund at 10.1% annualized versus 8.8% for GQI. Worst drawdown: GPIX -17.5% vs GQI -16.6%.
Should I hold both GPIX and GQI?
GPIX and GQI have a monthly-return correlation of 0.96, 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 GPIX and GQI?
At least 55.7% of GPIX's money is in holdings GQI also owns. Our book for GQI is partial, so the real figure is this or higher. They hold 103 positions in common, counted across the 491 positions we hold weights for in GPIX and 118 in GQI.
Which pays a higher dividend, GPIX or GQI?
GPIX yields 8.16% while GQI yields 8.66%, so GQI currently pays the higher dividend yield.
Is GQI better than GPIX?
GPIX has a lower expense ratio. GPIX led over the full window, GQI over 1Y. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.