GDE vs GPIX
WisdomTree Efficient Gold Plus Equity Strategy Fund vs Goldman Sachs S&P 500 Premium Income ETF
Which is better, GDE or GPIX?
Each has led over a different period.
GDE has a lower expense ratio. GDE led over 3Y and the full window, GPIX over 1Y. GDE is less concentrated, with 38.0% of the fund in its ten largest positions against 39.4%.
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 | GDE | GPIX |
|---|---|---|
| Expense Ratio | 0.20%Best | 0.29% |
| AUM | $381M | $6.3B |
| Dividend Yield | 17.11% | 8.19% |
| Holdings | 1,017 | 990 |
| YTD Return | -15.20% | +11.57%Best |
| 1Y Return | -12.23% | +12.65%Best |
| 3Y Return (annualized) | +34.03%Best | +19.60% |
| Volatility (annualized) | 23.6% | 10.4%Best |
| Max Drawdown | -32.9% | -17.5%Best |
| $10,000 over 3 years | $24,697Best | $17,927 |
| Top 10 Weight | 38.0%Best | 39.4% |
| Fund Family | WisdomTree Investments | Goldman Sachs Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 17, 2022 | Oct 24, 2023 |
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 Nov 11, 2026 (3 years).
GDE 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.
GDE vs GPIX Performance
WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) is an ETF from WisdomTree Investments and Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management. Over the past year GDE returned -12.23% while GPIX returned +12.65%. Year to date, GDE is down 15.20% versus a gain of 11.57% for GPIX.
Over three years, GDE compounded at +34.03% per year against +19.60% for GPIX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GDE has been the more volatile fund, with annualized monthly volatility of 23.6% compared with 10.4% 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 -32.9% for GDE 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 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GDE charges 0.20% per year while GPIX charges 0.29%. On a $10,000 position that is $20 vs $29 annually, a gap of $9 per year that compounds over a long holding period. On income, GDE currently yields 17.11% against 8.19% for GPIX.
Holdings Overlap
88.5% of GDE's money is in holdings GPIX also owns. 85.6% of GPIX's money is in holdings GDE also owns.
Most of GDE is already inside GPIX. Owning both mostly buys the same companies twice.
387 positions in common, counted across the 492 positions we hold weights for in GDE and 476 in GPIX, against full books of 1,017 and 990.
What only one of them owns
Our book lists 80 positions for GPIX that do not appear in our book for GDE (13.6% of the fund), and 84 for GDE that do not appear in GPIX (7.4%).
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 GDE | Weight in GPIX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.25% | 7.92% | 0.33% |
| AAPLApple Inc | 7.89% | 7.49% | 0.40% |
| MSFTMicrosoft Corp | 6.08% | 5.99% | 0.09% |
| AMZNAmazon.Com Inc | 3.99% | 3.67% | 0.32% |
| AVGOBroadcom Inc | 2.32% | 2.39% | 0.07% |
| LLYEli Lilly & Co | 1.87% | 1.51% | 0.36% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.72% | 1.48% | 0.24% |
| MUMicron Technology, Inc. | 1.53% | 1.59% | 0.06% |
| TSLATesla Inc | 1.62% | 1.44% | 0.18% |
| AMDAdvanced Micro Devices Inc | 1.42% | 1.38% | 0.04% |
88.5% of GDE 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, GDE or GPIX?
GDE has an expense ratio of 0.20% while GPIX charges 0.29%. GDE is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, GDE or GPIX?
Over the past year GDE returned -12.23% vs +12.65% 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, GDE or GPIX?
GDE has been the more volatile fund at 23.6% annualized versus 10.4% for GPIX. Worst drawdown: GDE -32.9% vs GPIX -17.5%.
Should I hold both GDE and GPIX?
GDE and GPIX have a monthly-return correlation of 0.52, 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 GDE and GPIX?
88.5% of GDE's money is in holdings GPIX also owns. 85.6% of GPIX's is in holdings GDE also owns. They hold 387 positions in common, counted across the 492 positions we hold weights for in GDE and 476 in GPIX.
Which pays a higher dividend, GDE or GPIX?
GDE yields 17.11% while GPIX yields 8.19%, so GDE currently pays the higher dividend yield.
Is GPIX better than GDE?
GDE has a lower expense ratio. GDE led over 3Y and the full window, GPIX over 1Y. GDE is less concentrated, with 38.0% of the fund in its ten largest positions against 39.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.