GPIX vs POWA
Goldman Sachs S&P 500 Premium Income ETF vs Invesco Bloomberg Pricing Power ETF
Which is better, GPIX or POWA?
GPIX has been ahead.
GPIX has a lower expense ratio. GPIX led over 1Y, 3Y and the full window. POWA is less concentrated, with 22.9% 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 | GPIX | POWA |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.40% |
| AUM | $6.3B | $162M |
| Dividend Yield | 8.16% | 0.98% |
| Holdings | 496 | 106 |
| YTD Return | +13.52%Best | -0.75% |
| 1Y Return | +17.92%Best | -0.04% |
| 3Y Return (annualized) | +23.39%Best | +10.97% |
| 5Y Return (annualized) | - | +6.65% |
| Volatility (annualized) | 10.5%Best | 11.6% |
| Max Drawdown | -17.5% | -15.7%Best |
| $10,000 over 3 years | $18,786Best | $14,368 |
| Top 10 Weight | 38.9% | 22.9%Best |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 24, 2023 | Dec 15, 2006 |
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).
GPIX vs POWA 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.
GPIX vs POWA Performance
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management and Invesco Bloomberg Pricing Power ETF (POWA) is an ETF from Invesco (US). Over the past year GPIX returned +17.92% while POWA returned -0.04%. Year to date, GPIX is up 13.52% versus a loss of 0.75% for POWA.
Over three years, GPIX compounded at +23.39% per year against +10.97% for POWA.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
POWA has been the more volatile fund, with annualized monthly volatility of 11.6% 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 -17.5% for GPIX and -15.7% for POWA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GPIX charges 0.29% per year while POWA charges 0.40%. On a $10,000 position that is $29 vs $40 annually, a gap of $11 per year that compounds over a long holding period. On income, GPIX currently yields 8.16% against 0.98% for POWA.
Holdings Overlap
10.1% of GPIX's money is in holdings POWA also owns. 84.5% of POWA's money is in holdings GPIX also owns.
Most of POWA is already inside GPIX. Owning both mostly buys the same companies twice.
42 positions in common, counted across the 491 positions we hold weights for in GPIX and 51 in POWA, against full books of 496 and 106.
What only one of them owns
Our book lists 9 positions for POWA that do not appear in our book for GPIX (15.5% of the fund), and 427 for GPIX that do not appear in POWA (89.4%).
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 POWA | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.50% | 2.26% | 3.24% |
| KLACKla-tencor | 0.35% | 2.34% | 1.99% |
| KEYSKeysight Technologies Inc. | 0.08% | 2.55% | 2.47% |
| ACNAccenture Plc | 0.15% | 2.30% | 2.15% |
| NXPINxp Semiconductors Nv Sedol B505Pn7 | 0.13% | 2.29% | 2.16% |
| WMTWalmart, Inc. | 0.46% | 1.93% | 1.47% |
| MCKMckesson Corp. | 0.15% | 2.24% | 2.09% |
| PWRQuanta Services Inc | 0.19% | 2.12% | 1.93% |
| ISRGIntuitive Surgical Inc. | 0.19% | 2.09% | 1.90% |
| EBAYEbay Inc. | 0.07% | 2.20% | 2.13% |
84.5% of POWA 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 POWA?
GPIX has an expense ratio of 0.29% while POWA charges 0.40%. GPIX is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, GPIX or POWA?
Over the past year GPIX returned +17.92% vs -0.04% for POWA, so GPIX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GPIX or POWA?
POWA has been the more volatile fund at 11.6% annualized versus 10.5% for GPIX. Worst drawdown: GPIX -17.5% vs POWA -15.7%.
Should I hold both GPIX and POWA?
GPIX and POWA have a monthly-return correlation of 0.75, 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 POWA?
84.5% of POWA's money is in holdings GPIX also owns. 84.5% of POWA's is in holdings GPIX also owns. They hold 42 positions in common, counted across the 491 positions we hold weights for in GPIX and 51 in POWA.
Which pays a higher dividend, GPIX or POWA?
GPIX yields 8.16% while POWA yields 0.98%, so GPIX currently pays the higher dividend yield.
Is POWA better than GPIX?
GPIX has a lower expense ratio. GPIX led over 1Y, 3Y and the full window. POWA is less concentrated, with 22.9% 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.