GPIX vs NDVG
Goldman Sachs S&P 500 Premium Income ETF vs Nuveen Dividend Growth ETF
Which is better, GPIX or NDVG?
GPIX has been ahead.
GPIX has a lower expense ratio. GPIX led over 1Y and the full window. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 43.3%.
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 | NDVG |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.65% |
| AUM | $6.3B | $13M |
| Dividend Yield | 8.16% | 1.09% |
| Holdings | 496 | 43 |
| Volatility (annualized) | 10.2%Best | 10.5% |
| Max Drawdown | -17.5% | -14.9%Best |
| $10,000 over 2.4 years | $15,936Best | $13,974 |
| Top 10 Weight | 38.9%Best | 43.3% |
| Fund Family | Goldman Sachs Asset Management | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 24, 2023 | Aug 4, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 191 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. GPIX has data through Oct 14, 2026 and NDVG through Apr 6, 2026.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Oct 26, 2023 to Apr 6, 2026 (2.4 years).
Risk: Volatility and Drawdowns
NDVG has been the more volatile fund, with annualized monthly volatility of 10.5% compared with 10.2% 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 -17.5% for GPIX and -14.9% for NDVG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GPIX charges 0.29% per year while NDVG charges 0.65%. On a $10,000 position that is $29 vs $65 annually, a gap of $36 per year that compounds over a long holding period. On income, GPIX currently yields 8.16% against 1.09% for NDVG.
Holdings Overlap
26.9% of GPIX's money is in holdings NDVG also owns. 89.7% of NDVG's money is in holdings GPIX also owns.
Most of NDVG is already inside GPIX. Owning both mostly buys the same companies twice.
The two holdings books were reported 258 days apart, GPIX as of Sep 15, 2026 and NDVG as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
38 positions in common, counted across the 491 positions we hold weights for in GPIX and 41 in NDVG, against full books of 496 and 43.
What only one of them owns
Our book lists 0 positions for NDVG that do not appear in our book for GPIX (0.0% of the fund), and 431 for GPIX that do not appear in NDVG (72.7%).
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 GPIX | Weight in NDVG | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.41% | 6.70% | 0.71% |
| MSFTMicrosoft Corp | 5.50% | 7.90% | 2.40% |
| AVGOBroadcom Inc | 2.51% | 5.85% | 3.34% |
| JPMJpmorgan Chase | 1.47% | 4.24% | 2.77% |
| APHAmphenol Corp. Class A | 0.29% | 3.60% | 3.31% |
| AXPAmerican Express Co. | 0.24% | 3.36% | 3.12% |
| MAMastercard Inc | 0.73% | 2.76% | 2.03% |
| ABBVAbbvie Inc. | 0.70% | 2.57% | 1.87% |
| METAMeta Platforms Inc | 1.47% | 1.51% | 0.04% |
| XOMExxonmobil Corp. | 1.08% | 1.90% | 0.82% |
89.7% of NDVG 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.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GPIX or NDVG?
GPIX has an expense ratio of 0.29% while NDVG charges 0.65%. GPIX is the cheaper option, by $36 a year on a $10,000 investment.
Which is riskier, GPIX or NDVG?
NDVG has been the more volatile fund at 10.5% annualized versus 10.2% for GPIX. Worst drawdown: GPIX -17.5% vs NDVG -14.9%.
Should I hold both GPIX and NDVG?
GPIX and NDVG have a monthly-return correlation of 0.72, 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 GPIX and NDVG?
89.7% of NDVG's money is in holdings GPIX also owns. 89.7% of NDVG's is in holdings GPIX also owns. They hold 38 positions in common, counted across the 491 positions we hold weights for in GPIX and 41 in NDVG.
Which pays a higher dividend, GPIX or NDVG?
GPIX yields 8.16% while NDVG yields 1.09%, so GPIX currently pays the higher dividend yield.
Is NDVG better than GPIX?
GPIX has a lower expense ratio. GPIX led over 1Y and the full window. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 43.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.