GPIX vs HIDV
Goldman Sachs S&P 500 Premium Income ETF vs AB US High Dividend ETF
Which is better, GPIX or HIDV?
Nearly the same fund. GPIX costs less.
GPIX has a lower expense ratio. GPIX led over 1Y and 3Y, HIDV over the full window. The two have moved almost in lockstep, correlation 0.95. HIDV is less concentrated, with 34.8% of the fund in its ten largest positions against 38.9%.
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 | HIDV |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.35% |
| AUM | $6.0B | $200M |
| Dividend Yield | 8.05% | 2.23% |
| Holdings | 496 | 108 |
| YTD Return | +14.49%Best | +12.98% |
| 1Y Return | +18.66%Best | +18.40% |
| 3Y Return (annualized) | +23.77%Best | +21.53% |
| Volatility (annualized) | 10.5%Best | 12.1% |
| Max Drawdown | -17.5%Best | -18.8% |
| $10,000 over 3 years | $18,960 | $19,020Best |
| Top 10 Weight | 38.9% | 34.8%Best |
| Fund Family | Goldman Sachs Asset Management | AllianceBernstein L.P. |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 24, 2023 | Mar 22, 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 Oct 13, 2026 (3 years).
GPIX vs HIDV 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 HIDV Performance
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management and AB US High Dividend ETF (HIDV) is an ETF from AllianceBernstein L.P.. Over the past year GPIX returned +18.66% while HIDV returned +18.40%. Year to date, GPIX is up 14.49% versus a gain of 12.98% for HIDV.
Over three years, GPIX compounded at +23.77% per year against +21.53% for HIDV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HIDV 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 -18.8% for HIDV. 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 HIDV charges 0.35%. On a $10,000 position that is $29 vs $35 annually, a gap of $6 per year that compounds over a long holding period. On income, GPIX currently yields 8.05% against 2.23% for HIDV.
Holdings Overlap
54.4% of GPIX's money is in holdings HIDV also owns. 74.0% of HIDV's money is in holdings GPIX also owns.
Most of HIDV is already inside GPIX. Owning both mostly buys the same companies twice.
57 positions in common, counted across the 491 positions we hold weights for in GPIX and 105 in HIDV, against full books of 496 and 108.
What only one of them owns
Our book lists 42 positions for HIDV that do not appear in our book for GPIX (22.3% of the fund), and 410 for GPIX that do not appear in HIDV (45.2%).
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 HIDV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.14% | 8.04% | 0.10% |
| AAPLApple, Inc | 7.41% | 6.84% | 0.57% |
| MSFTMicrosoft Corp | 5.50% | 4.88% | 0.62% |
| AMZNAmazon.Com Inc | 3.83% | 3.03% | 0.80% |
| GOOGLAlphabet Inc,class A | 3.25% | 3.01% | 0.24% |
| AVGOBroadcom Inc | 2.51% | 1.92% | 0.59% |
| MUMicron Technology, Inc. | 1.69% | 2.57% | 0.88% |
| METAMeta Platforms Inc | 1.47% | 1.36% | 0.11% |
| GOOGAlphabet Inc. C | 1.14% | 1.62% | 0.48% |
| TSLATesla Inc | 1.57% | 0.70% | 0.87% |
74.0% of HIDV 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 HIDV?
GPIX has an expense ratio of 0.29% while HIDV charges 0.35%. GPIX is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, GPIX or HIDV?
Over the past year GPIX returned +18.66% vs +18.40% for HIDV, 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 HIDV?
HIDV has been the more volatile fund at 12.1% annualized versus 10.5% for GPIX. Worst drawdown: GPIX -17.5% vs HIDV -18.8%.
Should I hold both GPIX and HIDV?
GPIX and HIDV 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 HIDV?
74.0% of HIDV's money is in holdings GPIX also owns. 74.0% of HIDV's is in holdings GPIX also owns. They hold 57 positions in common, counted across the 491 positions we hold weights for in GPIX and 105 in HIDV.
Which pays a higher dividend, GPIX or HIDV?
GPIX yields 8.05% while HIDV yields 2.23%, so GPIX currently pays the higher dividend yield.
Is HIDV better than GPIX?
GPIX has a lower expense ratio. GPIX led over 1Y and 3Y, HIDV over the full window. The two have moved almost in lockstep, correlation 0.95. HIDV is less concentrated, with 34.8% of the fund in its ten largest positions against 38.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.