BAFE vs GPIX
Brown Advisory Flexible Equity ETF vs Goldman Sachs S&P 500 Premium Income ETF
Which is better, BAFE or GPIX?
Each has led over a different period.
GPIX has a lower expense ratio. BAFE led over 1Y, GPIX over the full window. GPIX is less concentrated, with 39.4% of the fund in its ten largest positions against 45.7%.
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 | BAFE | GPIX |
|---|---|---|
| Expense Ratio | 0.54% | 0.29%Best |
| AUM | $1.7B | $6.3B |
| Dividend Yield | 0.27% | 8.19% |
| Holdings | 87 | 990 |
| YTD Return | +10.22% | +10.68%Best |
| 1Y Return | +13.28%Best | +11.97% |
| 3Y Return (annualized) | - | +19.25% |
| Volatility (annualized) | 12.9% | 10.5%Best |
| Max Drawdown | -18.4% | -17.5%Best |
| $10,000 over 2 years | $12,096 | $12,969Best |
| Top 10 Weight | 45.7% | 39.4%Best |
| Fund Family | Brown Advisory | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 18, 2024 | Oct 24, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Nov 18, 2024 to Nov 9, 2026 (2 years).
BAFE 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 2 years both funds cover.
BAFE vs GPIX Performance
Brown Advisory Flexible Equity ETF (BAFE) is an ETF from Brown Advisory and Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management. Over the past year BAFE returned +13.28% while GPIX returned +11.97%. Year to date, BAFE is up 10.22% versus a gain of 10.68% for GPIX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BAFE has been the more volatile fund, with annualized monthly volatility of 12.9% 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 -18.4% for BAFE 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BAFE charges 0.54% per year while GPIX charges 0.29%. On a $10,000 position that is $54 vs $29 annually, a gap of $25 per year that compounds over a long holding period. On income, BAFE currently yields 0.27% against 8.19% for GPIX.
Holdings Overlap
78.6% of BAFE's money is in holdings GPIX also owns. 39.0% of GPIX's money is in holdings BAFE also owns.
Most of BAFE is already inside GPIX. Owning both mostly buys the same companies twice.
33 positions in common, counted across the 42 positions we hold weights for in BAFE and 476 in GPIX, against full books of 87 and 990.
What only one of them owns
Our book lists 424 positions for GPIX that do not appear in our book for BAFE (60.5% of the fund), and 4 for BAFE that do not appear in GPIX (4.5%).
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 BAFE | Weight in GPIX | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.70% | 5.99% | 0.71% |
| NVDANvidia Corp | 3.68% | 7.92% | 4.24% |
| AAPLApple Inc | 1.90% | 7.49% | 5.59% |
| AMZNAmazon.Com Inc | 4.46% | 3.67% | 0.79% |
| GOOGLAlphabet Inc | 3.79% | 3.38% | 0.41% |
| METAMeta Platforms Inc | 4.70% | 1.60% | 3.10% |
| VVisa Inc Class A | 4.50% | 1.02% | 3.48% |
| MAMastercard Inc | 3.97% | 0.75% | 3.22% |
| GOOGAlphabet Inc. C | 3.60% | 1.07% | 2.53% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 2.53% | 1.48% | 1.05% |
78.6% of BAFE 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, BAFE or GPIX?
BAFE has an expense ratio of 0.54% while GPIX charges 0.29%. GPIX is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, BAFE or GPIX?
Over the past year BAFE returned +13.28% vs +11.97% for GPIX, so BAFE leads on 1-year performance. Over the longest common window we track (2 years), BAFE annualized +9.98% vs +13.88% for GPIX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BAFE or GPIX?
BAFE has been the more volatile fund at 12.9% annualized versus 10.5% for GPIX. Worst drawdown: BAFE -18.4% vs GPIX -17.5%.
Should I hold both BAFE and GPIX?
BAFE and GPIX have a monthly-return correlation of 0.88, 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 BAFE and GPIX?
78.6% of BAFE's money is in holdings GPIX also owns. 39.0% of GPIX's is in holdings BAFE also owns. They hold 33 positions in common, counted across the 42 positions we hold weights for in BAFE and 476 in GPIX.
Which pays a higher dividend, BAFE or GPIX?
BAFE yields 0.27% while GPIX yields 8.19%, so GPIX currently pays the higher dividend yield.
Is GPIX better than BAFE?
GPIX has a lower expense ratio. BAFE led over 1Y, GPIX over the full window. GPIX is less concentrated, with 39.4% of the fund in its ten largest positions against 45.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.