GPIX vs SNTH
Goldman Sachs S&P 500 Premium Income ETF vs MRP SynthEquity ETF
Which is better, GPIX or SNTH?
Nearly the same fund. GPIX costs less.
GPIX has a lower expense ratio. GPIX led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95.
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 | SNTH |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.96% |
| AUM | $6.3B | $260M |
| Dividend Yield | 8.16% | 12.28% |
| Holdings | 496 | 26 |
| YTD Return | +13.52%Best | +8.87% |
| 1Y Return | +17.92%Best | +11.16% |
| 3Y Return (annualized) | +23.39% | - |
| Volatility (annualized) | 9.8%Best | 12.6% |
| Max Drawdown | -13.1% | -9.8%Best |
| $10,000 over 1.6 years | $13,883Best | $13,475 |
| Fund Family | Goldman Sachs Asset Management | Measured Risk Portfolios |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 24, 2023 | Mar 10, 2025 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Mar 11, 2025 to Oct 14, 2026 (1.6 years).
GPIX vs SNTH 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 1.6 years both funds cover.
GPIX vs SNTH Performance
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management and MRP SynthEquity ETF (SNTH) is an ETF from Measured Risk Portfolios. Over the past year GPIX returned +17.92% while SNTH returned +11.16%. Year to date, GPIX is up 13.52% versus a gain of 8.87% for SNTH.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SNTH has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 9.8% 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 -13.1% for GPIX and -9.8% for SNTH. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GPIX charges 0.29% per year while SNTH charges 0.96%. On a $10,000 position that is $29 vs $96 annually, a gap of $67 per year that compounds over a long holding period. On income, GPIX currently yields 8.16% against 12.28% for SNTH.
Holdings Overlap
We hold position weights for 491 holdings in GPIX and 5 in SNTH, totalling 100.0% and 86.9% 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 5 in SNTH, against full books of 496 and 26.
You are not choosing between two funds in isolation.
Whichever of GPIX and SNTH 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 SNTH?
GPIX has an expense ratio of 0.29% while SNTH charges 0.96%. GPIX is the cheaper option, by $67 a year on a $10,000 investment.
Which performed better, GPIX or SNTH?
Over the past year GPIX returned +17.92% vs +11.16% for SNTH, so GPIX leads on 1-year performance. Over the longest common window we track (2 years), GPIX annualized +22.76% vs +20.49% for SNTH. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GPIX or SNTH?
SNTH has been the more volatile fund at 12.6% annualized versus 9.8% for GPIX. Worst drawdown: GPIX -13.1% vs SNTH -9.8%.
Should I hold both GPIX and SNTH?
GPIX and SNTH have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, GPIX or SNTH?
GPIX yields 8.16% while SNTH yields 12.28%, so SNTH currently pays the higher dividend yield.
Is SNTH better than GPIX?
GPIX has a lower expense ratio. GPIX led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.