GPIX vs TIME
Goldman Sachs S&P 500 Premium Income ETF vs Clockwise US Core Equity ETF
Which is better, GPIX or TIME?
GPIX has been ahead.
GPIX has a lower expense ratio. GPIX led over 1Y, 3Y and the full window. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 46.2%.
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 | TIME |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.96% |
| AUM | $6.3B | $16M |
| Dividend Yield | 8.16% | 0.67% |
| Holdings | 496 | 56 |
| YTD Return | +13.52%Best | +11.28% |
| 1Y Return | +17.92%Best | +13.37% |
| 3Y Return (annualized) | +23.39%Best | +18.43% |
| Volatility (annualized) | 10.5%Best | 21.7% |
| Max Drawdown | -17.5%Best | -32.3% |
| $10,000 over 3 years | $18,786Best | $17,821 |
| Top 10 Weight | 38.9%Best | 46.2% |
| Fund Family | Goldman Sachs Asset Management | Clockwise Capital |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 24, 2023 | Jan 27, 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 TIME 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 TIME Performance
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management and Clockwise US Core Equity ETF (TIME) is an ETF from Clockwise Capital. Over the past year GPIX returned +17.92% while TIME returned +13.37%. Year to date, GPIX is up 13.52% versus a gain of 11.28% for TIME.
Over three years, GPIX compounded at +23.39% per year against +18.43% for TIME.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TIME has been the more volatile fund, with annualized monthly volatility of 21.7% 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 -32.3% for TIME. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GPIX charges 0.29% per year while TIME 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 0.67% for TIME.
Holdings Overlap
51.5% of GPIX's money is in holdings TIME also owns. 79.1% of TIME's money is in holdings GPIX also owns.
Most of TIME is already inside GPIX. Owning both mostly buys the same companies twice.
44 positions in common, counted across the 491 positions we hold weights for in GPIX and 59 in TIME, against full books of 496 and 56.
What only one of them owns
Our book lists 14 positions for TIME that do not appear in our book for GPIX (19.0% of the fund), and 424 for GPIX that do not appear in TIME (48.0%).
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 TIME | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.14% | 9.34% | 1.20% |
| AAPLApple, Inc | 7.41% | 9.28% | 1.87% |
| MSFTMicrosoft Corp | 5.50% | 6.28% | 0.78% |
| GOOGLAlphabet Inc | 3.25% | 4.78% | 1.53% |
| AMZNAmazon.Com Inc | 3.83% | 3.68% | 0.15% |
| AVGOBroadcom Inc | 2.51% | 2.55% | 0.04% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.38% | 1.89% | 0.51% |
| LLYEli Lilly & Co. | 1.36% | 1.81% | 0.45% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 1.08% | 1.96% | 0.88% |
| PMPhilip Morris International Inc. | 0.45% | 2.49% | 2.04% |
79.1% of TIME 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 TIME?
GPIX has an expense ratio of 0.29% while TIME charges 0.96%. GPIX is the cheaper option, by $67 a year on a $10,000 investment.
Which performed better, GPIX or TIME?
Over the past year GPIX returned +17.92% vs +13.37% for TIME, 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 TIME?
TIME has been the more volatile fund at 21.7% annualized versus 10.5% for GPIX. Worst drawdown: GPIX -17.5% vs TIME -32.3%.
Should I hold both GPIX and TIME?
GPIX and TIME have a monthly-return correlation of 0.84, 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 TIME?
79.1% of TIME's money is in holdings GPIX also owns. 79.1% of TIME's is in holdings GPIX also owns. They hold 44 positions in common, counted across the 491 positions we hold weights for in GPIX and 59 in TIME.
Which pays a higher dividend, GPIX or TIME?
GPIX yields 8.16% while TIME yields 0.67%, so GPIX currently pays the higher dividend yield.
Is TIME better than GPIX?
GPIX has a lower expense ratio. GPIX led over 1Y, 3Y and the full window. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 46.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.