GPIX vs MLPD
Goldman Sachs S&P 500 Premium Income ETF vs Global X MLP & Energy Infrastructure Covered Call ETF
Which is better, GPIX or MLPD?
GPIX has been ahead.
GPIX has a lower expense ratio. GPIX led over 1Y 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 | GPIX | MLPD |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.60% |
| AUM | $6.3B | $26M |
| Dividend Yield | 8.16% | 14.22% |
| Holdings | 496 | 8 |
| YTD Return | +13.52%Best | +8.18% |
| 1Y Return | +17.92%Best | +14.48% |
| 3Y Return (annualized) | +23.39% | - |
| Volatility (annualized) | 10.0% | 7.6%Best |
| Max Drawdown | -17.5% | -13.8%Best |
| $10,000 over 2.4 years | $15,117Best | $13,143 |
| Fund Family | Goldman Sachs Asset Management | Global X by mirae Asset |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 24, 2023 | May 7, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 8, 2024 to Oct 14, 2026 (2.4 years).
GPIX vs MLPD 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 2.4 years both funds cover.
GPIX vs MLPD Performance
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management and Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) is an ETF from Global X by mirae Asset. Over the past year GPIX returned +17.92% while MLPD returned +14.48%. Year to date, GPIX is up 13.52% versus a gain of 8.18% for MLPD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GPIX has been the more volatile fund, with annualized monthly volatility of 10.0% compared with 7.6% for MLPD. 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 -13.8% for MLPD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.11. They move largely independently of each other.
Fees and Cost Over Time
GPIX charges 0.29% per year while MLPD charges 0.60%. On a $10,000 position that is $29 vs $60 annually, a gap of $31 per year that compounds over a long holding period. On income, GPIX currently yields 8.16% against 14.22% for MLPD.
Holdings Overlap
We hold position weights for 491 holdings in GPIX and 1 in MLPD, totalling 100.0% and 100.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 491 positions we hold weights for in GPIX and 1 in MLPD, against full books of 496 and 8.
You are not choosing between two funds in isolation.
Whichever of GPIX and MLPD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GPIX or MLPD?
GPIX has an expense ratio of 0.29% while MLPD charges 0.60%. GPIX is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, GPIX or MLPD?
Over the past year GPIX returned +17.92% vs +14.48% for MLPD, so GPIX leads on 1-year performance. Over the longest common window we track (2 years), GPIX annualized +18.79% vs +12.06% for MLPD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GPIX or MLPD?
GPIX has been the more volatile fund at 10.0% annualized versus 7.6% for MLPD. Worst drawdown: GPIX -17.5% vs MLPD -13.8%.
Should I hold both GPIX and MLPD?
GPIX and MLPD have a monthly-return correlation of 0.11, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GPIX or MLPD?
GPIX yields 8.16% while MLPD yields 14.22%, so MLPD currently pays the higher dividend yield.
Is MLPD better than GPIX?
GPIX has a lower expense ratio. GPIX led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.