GPIX vs RJMG
Goldman Sachs S&P 500 Premium Income ETF vs FT Raymond James Multicap Growth Equity ETF
Which is better, GPIX or RJMG?
GPIX has been ahead.
GPIX has a lower expense ratio. GPIX led over 1Y and the full window. RJMG is less concentrated, with 29.2% 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 | RJMG |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.85% |
| AUM | $6.3B | $11M |
| Dividend Yield | 8.16% | 0.00% |
| Holdings | 496 | 41 |
| Volatility (annualized) | 9.5%Best | 14.8% |
| Max Drawdown | -17.5%Best | -25.4% |
| $10,000 over 2 years | $14,687Best | $13,729 |
| Top 10 Weight | 38.9% | 29.2%Best |
| Fund Family | Goldman Sachs Asset Management | First Trust Portfolios (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 24, 2023 | Jan 12, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 278 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 RJMG through Jan 9, 2026.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Jan 18, 2024 to Jan 9, 2026 (2 years).
Risk: Volatility and Drawdowns
RJMG has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 9.5% 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 -25.4% for RJMG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GPIX charges 0.29% per year while RJMG charges 0.85%. On a $10,000 position that is $29 vs $85 annually, a gap of $56 per year that compounds over a long holding period. On income, GPIX currently yields 8.16% against 0.00% for RJMG.
Holdings Overlap
17.0% of GPIX's money is in holdings RJMG also owns. 66.3% of RJMG's money is in holdings GPIX also owns.
The two portfolios partly overlap.
The two holdings books were reported 319 days apart, GPIX as of Sep 15, 2026 and RJMG as of Oct 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
26 positions in common, counted across the 491 positions we hold weights for in GPIX and 40 in RJMG, against full books of 496 and 41.
What only one of them owns
Our book lists 13 positions for RJMG that do not appear in our book for GPIX (31.3% of the fund), and 443 for GPIX that do not appear in RJMG (82.6%).
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 RJMG | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.50% | 2.44% | 3.06% |
| GOOGLAlphabet Inc | 3.25% | 2.78% | 0.47% |
| MUMicron Technology, Inc. | 1.69% | 3.70% | 2.01% |
| CIENCiena Corp | 0.07% | 3.53% | 3.46% |
| METAMeta Platforms Inc | 1.47% | 2.03% | 0.56% |
| VVisa Inc Class A | 0.99% | 2.46% | 1.47% |
| DELLDell Technologies Inc | 0.23% | 2.93% | 2.70% |
| WELLWelltower, Inc. | 0.32% | 2.75% | 2.43% |
| MAMastercard Inc | 0.73% | 2.32% | 1.59% |
| MPWRMonolithic Power Systems Inc | 0.06% | 2.86% | 2.80% |
66.3% of RJMG 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 RJMG?
GPIX has an expense ratio of 0.29% while RJMG charges 0.85%. GPIX is the cheaper option, by $56 a year on a $10,000 investment.
Which is riskier, GPIX or RJMG?
RJMG has been the more volatile fund at 14.8% annualized versus 9.5% for GPIX. Worst drawdown: GPIX -17.5% vs RJMG -25.4%.
Should I hold both GPIX and RJMG?
GPIX and RJMG have a monthly-return correlation of 0.87, 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 RJMG?
66.3% of RJMG's money is in holdings GPIX also owns. 66.3% of RJMG's is in holdings GPIX also owns. They hold 26 positions in common, counted across the 491 positions we hold weights for in GPIX and 40 in RJMG.
Which pays a higher dividend, GPIX or RJMG?
GPIX yields 8.16% while RJMG yields 0.00%, so GPIX currently pays the higher dividend yield.
Is RJMG better than GPIX?
GPIX has a lower expense ratio. GPIX led over 1Y and the full window. RJMG is less concentrated, with 29.2% 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.