GPIX vs XLSR
Goldman Sachs S&P 500 Premium Income ETF vs State Street US Sector Rotation ETF
Which is better, GPIX or XLSR?
Nearly the same fund. GPIX costs less.
GPIX has a lower expense ratio. GPIX led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 85.3%.
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 | XLSR |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.70% |
| AUM | $6.3B | $1.1B |
| Dividend Yield | 8.16% | 0.40% |
| Holdings | 496 | 26 |
| YTD Return | +13.84%Best | +8.22% |
| 1Y Return | +17.80%Best | +12.87% |
| 3Y Return (annualized) | +23.49%Best | +17.59% |
| 5Y Return (annualized) | - | +9.72% |
| Volatility (annualized) | 10.5%Best | 12.5% |
| Max Drawdown | -17.5%Best | -20.6% |
| $10,000 over 3 years | $18,832Best | $17,302 |
| Top 10 Weight | 38.9%Best | 85.3% |
| Fund Family | Goldman Sachs Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 24, 2023 | Apr 2, 2019 |
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 15, 2026 (3 years).
GPIX vs XLSR 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 XLSR Performance
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management and State Street US Sector Rotation ETF (XLSR) is an ETF from State Street Investment Management. Over the past year GPIX returned +17.80% while XLSR returned +12.87%. Year to date, GPIX is up 13.84% versus a gain of 8.22% for XLSR.
Over three years, GPIX compounded at +23.49% per year against +17.59% for XLSR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XLSR has been the more volatile fund, with annualized monthly volatility of 12.5% 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 -20.6% for XLSR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. 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 XLSR charges 0.70%. On a $10,000 position that is $29 vs $70 annually, a gap of $41 per year that compounds over a long holding period. On income, GPIX currently yields 8.16% against 0.40% for XLSR.
Holdings Overlap
43.0% of GPIX's money is in holdings XLSR also owns. 33.5% of XLSR's money is in holdings GPIX also owns.
The two portfolios partly overlap.
18 positions in common, counted across the 491 positions we hold weights for in GPIX and 25 in XLSR, against full books of 496 and 26.
What only one of them owns
Measured across the 491 and 25 positions we hold weights for.
GPIX holds 448 positions XLSR does not, 56.5% of the fund.
Largest: JPM 1.47%, BRK.B 1.38%, LLY 1.36%, JNJ 1.00%, V 0.99%
Top Shared Holdings
| Stock | Weight in GPIX | Weight in XLSR | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.14% | 4.47% | 3.67% |
| AAPLApple, Inc | 7.41% | 4.12% | 3.29% |
| XLCCommunication Services Select | 3.54% | 5.18% | 1.64% |
| MSFTMicrosoft Corp | 5.50% | 2.98% | 2.52% |
| GOOGLAlphabet Inc | 3.25% | 5.17% | 1.92% |
| GOOGAlphabet Inc. C | 1.14% | 4.02% | 2.88% |
| AMZNAmazon.Com Inc | 3.83% | 0.95% | 2.88% |
| METAMeta Platforms Inc | 1.47% | 3.03% | 1.56% |
| AVGOBroadcom Inc | 2.51% | 1.41% | 1.10% |
| MUMicron Technology, Inc. | 1.69% | 0.62% | 1.07% |
43.0% of GPIX is already inside XLSR.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, GPIX or XLSR?
GPIX has an expense ratio of 0.29% while XLSR charges 0.70%. GPIX is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, GPIX or XLSR?
Over the past year GPIX returned +17.80% vs +12.87% for XLSR, 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 XLSR?
XLSR has been the more volatile fund at 12.5% annualized versus 10.5% for GPIX. Worst drawdown: GPIX -17.5% vs XLSR -20.6%.
Should I hold both GPIX and XLSR?
GPIX and XLSR have a monthly-return correlation of 0.97, 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 XLSR?
43.0% of GPIX's money is in holdings XLSR also owns. 33.5% of XLSR's is in holdings GPIX also owns. They hold 18 positions in common, counted across the 491 positions we hold weights for in GPIX and 25 in XLSR.
Which pays a higher dividend, GPIX or XLSR?
GPIX yields 8.16% while XLSR yields 0.40%, so GPIX currently pays the higher dividend yield.
Is XLSR better than GPIX?
GPIX has a lower expense ratio. GPIX led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 85.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.