GPIX vs SPIN
Goldman Sachs S&P 500 Premium Income ETF vs State Street US Equity Premium Income ETF
Which is better, GPIX or SPIN?
GPIX has been ahead.
SPIN has a lower expense ratio. GPIX led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 47.1%.
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 | SPIN |
|---|---|---|
| Expense Ratio | 0.29% | 0.25%Best |
| AUM | $6.3B | $47M |
| Dividend Yield | 8.16% | 4.88% |
| Holdings | 496 | 101 |
| YTD Return | +13.52%Best | +3.68% |
| 1Y Return | +17.92%Best | +7.62% |
| 3Y Return (annualized) | +23.39% | - |
| Volatility (annualized) | 10.7% | 9.0%Best |
| Max Drawdown | -17.5% | -16.9%Best |
| $10,000 over 2.1 years | $14,273Best | $12,500 |
| Top 10 Weight | 38.9%Best | 47.1% |
| Fund Family | Goldman Sachs Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 24, 2023 | Sep 4, 2024 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 5, 2024 to Oct 14, 2026 (2.1 years).
GPIX vs SPIN 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 2.1 years both funds cover.
GPIX vs SPIN Performance
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management and State Street US Equity Premium Income ETF (SPIN) is an ETF from State Street Investment Management. Over the past year GPIX returned +17.92% while SPIN returned +7.62%. Year to date, GPIX is up 13.52% versus a gain of 3.68% for SPIN.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GPIX has been the more volatile fund, with annualized monthly volatility of 10.7% compared with 9.0% for SPIN. 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 -16.9% for SPIN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. 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 SPIN charges 0.25%. On a $10,000 position that is $29 vs $25 annually, a gap of $4 per year that compounds over a long holding period. On income, GPIX currently yields 8.16% against 4.88% for SPIN.
Holdings Overlap
59.8% of GPIX's money is in holdings SPIN also owns. 96.0% of SPIN's money is in holdings GPIX also owns.
Most of SPIN is already inside GPIX. Owning both mostly buys the same companies twice.
84 positions in common, counted across the 491 positions we hold weights for in GPIX and 96 in SPIN, against full books of 496 and 101.
What only one of them owns
Our book lists 11 positions for SPIN that do not appear in our book for GPIX (3.2% of the fund), and 385 for GPIX that do not appear in SPIN (39.7%).
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 SPIN | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.14% | 9.71% | 1.57% |
| AAPLApple, Inc | 7.41% | 5.97% | 1.44% |
| MSFTMicrosoft Corp | 5.50% | 7.24% | 1.74% |
| AMZNAmazon.Com Inc | 3.83% | 4.93% | 1.10% |
| GOOGLAlphabet Inc | 3.25% | 5.48% | 2.23% |
| AVGOBroadcom Inc | 2.51% | 3.28% | 0.77% |
| METAMeta Platforms Inc | 1.47% | 3.07% | 1.60% |
| MUMicron Technology, Inc. | 1.69% | 2.80% | 1.11% |
| AMDAdvanced Micro Devices Inc | 1.28% | 2.41% | 1.13% |
| JPMJpmorgan Chase | 1.47% | 2.13% | 0.66% |
96.0% of SPIN 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 SPIN?
GPIX has an expense ratio of 0.29% while SPIN charges 0.25%. SPIN is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, GPIX or SPIN?
Over the past year GPIX returned +17.92% vs +7.62% for SPIN, so GPIX leads on 1-year performance. Over the longest common window we track (2 years), GPIX annualized +18.46% vs +11.21% for SPIN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GPIX or SPIN?
GPIX has been the more volatile fund at 10.7% annualized versus 9.0% for SPIN. Worst drawdown: GPIX -17.5% vs SPIN -16.9%.
Should I hold both GPIX and SPIN?
GPIX and SPIN have a monthly-return correlation of 0.92, 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.
What is the holdings overlap between GPIX and SPIN?
96.0% of SPIN's money is in holdings GPIX also owns. 96.0% of SPIN's is in holdings GPIX also owns. They hold 84 positions in common, counted across the 491 positions we hold weights for in GPIX and 96 in SPIN.
Which pays a higher dividend, GPIX or SPIN?
GPIX yields 8.16% while SPIN yields 4.88%, so GPIX currently pays the higher dividend yield.
Is SPIN better than GPIX?
SPIN has a lower expense ratio. GPIX led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 47.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.