GPIX vs USMC
Goldman Sachs S&P 500 Premium Income ETF vs Principal U.S. Mega-Cap ETF
Which is better, GPIX or USMC?
Nearly the same fund. USMC costs less.
USMC has a lower expense ratio. GPIX led over 1Y and 3Y, USMC over the full window. The two have moved almost in lockstep, correlation 0.95. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 55.3%.
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 | USMC |
|---|---|---|
| Expense Ratio | 0.29% | 0.12%Best |
| AUM | $6.3B | $5.2B |
| Dividend Yield | 8.16% | 0.74% |
| Holdings | 496 | 58 |
| YTD Return | +13.52% | +13.98%Best |
| 1Y Return | +17.92%Best | +14.91% |
| 3Y Return (annualized) | +23.39%Best | +22.22% |
| 5Y Return (annualized) | - | +14.81% |
| Volatility (annualized) | 10.5%Best | 12.1% |
| Max Drawdown | -17.5%Best | -19.1% |
| $10,000 over 3 years | $18,786 | $19,461Best |
| Top 10 Weight | 38.9%Best | 55.3% |
| Fund Family | Goldman Sachs Asset Management | Principal Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 24, 2023 | Oct 11, 2017 |
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 USMC 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 USMC Performance
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management and Principal U.S. Mega-Cap ETF (USMC) is an ETF from Principal Funds. Over the past year GPIX returned +17.92% while USMC returned +14.91%. Year to date, GPIX is up 13.52% versus a gain of 13.98% for USMC.
Over three years, GPIX compounded at +23.39% per year against +22.22% for USMC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
USMC has been the more volatile fund, with annualized monthly volatility of 12.1% 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 -19.1% for USMC. 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 USMC charges 0.12%. On a $10,000 position that is $29 vs $12 annually, a gap of $17 per year that compounds over a long holding period. On income, GPIX currently yields 8.16% against 0.74% for USMC.
Holdings Overlap
48.0% of GPIX's money is in holdings USMC also owns. 96.2% of USMC's money is in holdings GPIX also owns.
Most of USMC is already inside GPIX. Owning both mostly buys the same companies twice.
25 positions in common, counted across the 491 positions we hold weights for in GPIX and 27 in USMC, against full books of 496 and 58.
What only one of them owns
Our book lists 2 positions for USMC that do not appear in our book for GPIX (3.7% of the fund), and 443 for GPIX that do not appear in USMC (51.5%).
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 USMC | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.14% | 7.99% | 0.15% |
| AAPLApple, Inc | 7.41% | 7.40% | 0.01% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.50% | 5.55% | 0.05% |
| MUMicron Technology, Inc. | 1.69% | 7.18% | 5.49% |
| GOOGLAlphabet Inc Cap Stk Cl A | 3.25% | 5.33% | 2.08% |
| AMZNAmazon.Com Inc | 3.83% | 3.77% | 0.06% |
| AVGOBroadcom Inc | 2.51% | 4.44% | 1.93% |
| JPMJpmorgan Chase | 1.47% | 4.65% | 3.18% |
| VVisa Inc-class A Shares | 0.99% | 4.54% | 3.55% |
| METAMeta Platform Inc | 1.47% | 3.92% | 2.45% |
96.2% of USMC 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 USMC?
GPIX has an expense ratio of 0.29% while USMC charges 0.12%. USMC is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, GPIX or USMC?
Over the past year GPIX returned +17.92% vs +14.91% for USMC, 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 USMC?
USMC has been the more volatile fund at 12.1% annualized versus 10.5% for GPIX. Worst drawdown: GPIX -17.5% vs USMC -19.1%.
Should I hold both GPIX and USMC?
GPIX and USMC 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.
What is the holdings overlap between GPIX and USMC?
96.2% of USMC's money is in holdings GPIX also owns. 96.2% of USMC's is in holdings GPIX also owns. They hold 25 positions in common, counted across the 491 positions we hold weights for in GPIX and 27 in USMC.
Which pays a higher dividend, GPIX or USMC?
GPIX yields 8.16% while USMC yields 0.74%, so GPIX currently pays the higher dividend yield.
Is USMC better than GPIX?
USMC has a lower expense ratio. GPIX led over 1Y and 3Y, USMC over the full window. The two have moved almost in lockstep, correlation 0.95. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 55.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.