ACIO vs GPIX
Aptus Collared Investment Opportunity ETF vs Goldman Sachs S&P 500 Premium Income ETF
Which is better, ACIO or GPIX?
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 0.98. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 40.4%.
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 | ACIO | GPIX |
|---|---|---|
| Expense Ratio | 0.79% | 0.29%Best |
| AUM | $2.4B | $6.0B |
| Dividend Yield | 0.37% | 8.05% |
| Holdings | 524 | 496 |
| YTD Return | +9.18% | +14.49%Best |
| 1Y Return | +9.97% | +18.66%Best |
| 3Y Return (annualized) | +16.06% | +23.77%Best |
| 5Y Return (annualized) | +10.27% | - |
| Volatility (annualized) | 9.4%Best | 10.5% |
| Max Drawdown | -12.1%Best | -17.5% |
| $10,000 over 3 years | $16,293 | $18,960Best |
| Top 10 Weight | 40.4% | 38.9%Best |
| Fund Family | Aptus ETFs | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 9, 2019 | Oct 24, 2023 |
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 13, 2026 (3 years).
ACIO vs GPIX 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.
ACIO vs GPIX Performance
Aptus Collared Investment Opportunity ETF (ACIO) is an ETF from Aptus ETFs and Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management. Over the past year ACIO returned +9.97% while GPIX returned +18.66%. Year to date, ACIO is up 9.18% versus a gain of 14.49% for GPIX.
Over three years, ACIO compounded at +16.06% per year against +23.77% for GPIX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GPIX has been the more volatile fund, with annualized monthly volatility of 10.5% compared with 9.4% for ACIO. 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 -12.1% for ACIO and -17.5% for GPIX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ACIO charges 0.79% per year while GPIX charges 0.29%. On a $10,000 position that is $79 vs $29 annually, a gap of $50 per year that compounds over a long holding period. On income, ACIO currently yields 0.37% against 8.05% for GPIX.
Holdings Overlap
98.3% of ACIO's money is in holdings GPIX also owns. 74.1% of GPIX's money is in holdings ACIO also owns.
Most of ACIO is already inside GPIX. Owning both mostly buys the same companies twice.
160 positions in common, counted across the 165 positions we hold weights for in ACIO and 491 in GPIX, against full books of 524 and 496.
What only one of them owns
Our book lists 307 positions for GPIX that do not appear in our book for ACIO (25.6% of the fund), and 4 for ACIO that do not appear in GPIX (1.0%).
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 ACIO | Weight in GPIX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.77% | 8.14% | 0.37% |
| AAPLApple, Inc | 7.43% | 7.41% | 0.02% |
| MSFTMicrosoft Corp | 5.75% | 5.50% | 0.25% |
| AMZNAmazon.Com Inc | 3.79% | 3.83% | 0.04% |
| GOOGAlphabet Inc. C | 5.60% | 1.14% | 4.46% |
| AVGOBroadcom Inc | 2.49% | 2.51% | 0.02% |
| METAMeta Platforms Inc | 2.23% | 1.47% | 0.76% |
| MUMicron Technology, Inc. | 1.63% | 1.69% | 0.06% |
| JPMJpmorgan Chase | 1.77% | 1.47% | 0.30% |
| TSLATesla Inc | 1.55% | 1.57% | 0.02% |
98.3% of ACIO 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, ACIO or GPIX?
ACIO has an expense ratio of 0.79% while GPIX charges 0.29%. GPIX is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, ACIO or GPIX?
Over the past year ACIO returned +9.97% vs +18.66% for GPIX, so GPIX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACIO or GPIX?
GPIX has been the more volatile fund at 10.5% annualized versus 9.4% for ACIO. Worst drawdown: ACIO -12.1% vs GPIX -17.5%.
Should I hold both ACIO and GPIX?
ACIO and GPIX have a monthly-return correlation of 0.98, 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 ACIO and GPIX?
98.3% of ACIO's money is in holdings GPIX also owns. 74.1% of GPIX's is in holdings ACIO also owns. They hold 160 positions in common, counted across the 165 positions we hold weights for in ACIO and 491 in GPIX.
Which pays a higher dividend, ACIO or GPIX?
ACIO yields 0.37% while GPIX yields 8.05%, so GPIX currently pays the higher dividend yield.
Is GPIX better than ACIO?
GPIX has a lower expense ratio. GPIX led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. GPIX is less concentrated, with 38.9% of the fund in its ten largest positions against 40.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.