GPIX vs PWRD
Goldman Sachs S&P 500 Premium Income ETF vs TCW Transform Systems ETF
Which is better, GPIX or PWRD?
Each has led over a different period.
GPIX has a lower expense ratio. GPIX led over 1Y, PWRD over 3Y and the full window. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 50.6%.
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 | PWRD |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.75% |
| AUM | $6.3B | $1.5B |
| Dividend Yield | 8.16% | 0.06% |
| Holdings | 496 | 56 |
| YTD Return | +13.52%Best | +3.29% |
| 1Y Return | +17.92%Best | +2.06% |
| 3Y Return (annualized) | +23.39% | +25.66%Best |
| Volatility (annualized) | 10.5%Best | 22.1% |
| Max Drawdown | -17.5%Best | -25.9% |
| $10,000 over 3 years | $18,786 | $20,829Best |
| Top 10 Weight | 38.9%Best | 50.6% |
| Fund Family | Goldman Sachs Asset Management | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 24, 2023 | Feb 2, 2022 |
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).
GPIX vs PWRD 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 PWRD Performance
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management and TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs. Over the past year GPIX returned +17.92% while PWRD returned +2.06%. Year to date, GPIX is up 13.52% versus a gain of 3.29% for PWRD.
Over three years, GPIX compounded at +23.39% per year against +25.66% for PWRD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PWRD has been the more volatile fund, with annualized monthly volatility of 22.1% 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 -25.9% for PWRD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GPIX charges 0.29% per year while PWRD charges 0.75%. On a $10,000 position that is $29 vs $75 annually, a gap of $46 per year that compounds over a long holding period. On income, GPIX currently yields 8.16% against 0.06% for PWRD.
Holdings Overlap
7.4% of GPIX's money is in holdings PWRD also owns. 62.8% of PWRD's money is in holdings GPIX also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 491 positions we hold weights for in GPIX and 28 in PWRD, against full books of 496 and 56.
What only one of them owns
Our book lists 6 positions for PWRD that do not appear in our book for GPIX (18.6% of the fund), and 452 for GPIX that do not appear in PWRD (92.1%).
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 PWRD | Difference |
|---|---|---|---|
| GEGeneral Electric Co. | 0.52% | 8.02% | 7.50% |
| AVGOBroadcom Inc | 2.51% | 3.79% | 1.28% |
| ANETArista Networks Inc Common Stock | 0.33% | 5.72% | 5.39% |
| KLACKla-tencor | 0.35% | 5.32% | 4.97% |
| AMATApplied Materials, Inc. | 0.57% | 4.88% | 4.31% |
| UNPUnion Pacific Corp | 0.27% | 4.29% | 4.02% |
| XOMExxonmobil Corp. | 1.08% | 3.35% | 2.27% |
| VRTVertiv Holdings Co | 0.14% | 3.89% | 3.75% |
| ETNEaton Corp Plc | 0.21% | 3.75% | 3.54% |
| GEVGe Vernova, Inc. | 0.31% | 3.56% | 3.25% |
62.8% of PWRD 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 PWRD?
GPIX has an expense ratio of 0.29% while PWRD charges 0.75%. GPIX is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, GPIX or PWRD?
Over the past year GPIX returned +17.92% vs +2.06% for PWRD, 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 PWRD?
PWRD has been the more volatile fund at 22.1% annualized versus 10.5% for GPIX. Worst drawdown: GPIX -17.5% vs PWRD -25.9%.
Should I hold both GPIX and PWRD?
GPIX and PWRD have a monthly-return correlation of 0.69, 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 PWRD?
62.8% of PWRD's money is in holdings GPIX also owns. 62.8% of PWRD's is in holdings GPIX also owns. They hold 16 positions in common, counted across the 491 positions we hold weights for in GPIX and 28 in PWRD.
Which pays a higher dividend, GPIX or PWRD?
GPIX yields 8.16% while PWRD yields 0.06%, so GPIX currently pays the higher dividend yield.
Is PWRD better than GPIX?
GPIX has a lower expense ratio. GPIX led over 1Y, PWRD over 3Y and the full window. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 50.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.