ACEI vs. GPIQ

Last updated Jul 12, 2026

ACEI (Innovator Equity Autocallable Income Strategy ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - ACEI is a Derivative Income fund actively managed by Innovator, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. Both are actively managed. A 0.50 correlation means they provide meaningful diversification when combined. ACEI charges 0.79%/yr vs 0.29%/yr for GPIQ.

Performance

ACEI vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Autocallable Income Strategy ETF (ACEI) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACEI achieves a 1.08% return, which is significantly lower than GPIQ's 16.96% return.

ACEI

• 1D: 0.00%
• 1M: -0.18%
• 6M: 0.70%
• YTD: 1.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIQ

• 1D: 0.35%
• 1M: 1.78%
• 6M: 14.93%
• YTD: 16.96%
• 1Y: 30.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACEI vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025
ACEI Innovator Equity Autocallable Income Strategy ETF	1.08%	0.65%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	16.96%	4.10%

Correlation

The correlation between ACEI and GPIQ is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025	0.50

Return for Risk

ACEI vs. GPIQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACEI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GPIQ

GPIQ Risk / Return Rank: 76
GPIQ Sharpe Ratio Rank: 75
GPIQ Sortino Ratio Rank: 70
GPIQ Omega Ratio Rank: 74
GPIQ Calmar Ratio Rank: 77
GPIQ Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACEI vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Autocallable Income Strategy ETF (ACEI) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ACEI	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.92	—
Sortino ratio: Return per unit of downside risk	—	2.56	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	3.17	—
Martin ratio: Return relative to average drawdown	—	12.96	—

Drawdowns

ACEI vs. GPIQ - Drawdown Comparison

The maximum ACEI drawdown since its inception was -6.77%, smaller than the maximum GPIQ drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for ACEI and GPIQ.

Drawdown Indicators

	ACEI	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-6.77%	-21.06%	+14.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.51%	—
Current Drawdown Current decline from peak	-4.40%	-1.44%	-2.96%
Average Drawdown Average peak-to-trough decline	-2.18%	-2.27%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.32%	—

Volatility

Volatility by Period

	ACEI	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.12%	15.73%	-2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.12%	17.93%	-4.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.12%	17.93%	-4.81%

ACEI vs. GPIQ - Expense Ratio Comparison

ACEI has a 0.79% expense ratio, which is higher than GPIQ's 0.29% expense ratio.

Dividends

ACEI vs. GPIQ - Dividend Comparison

ACEI's dividend yield for the trailing twelve months is around 8.60%, less than GPIQ's 9.66% yield.

Position	TTM	2025	2024	2023
ACEI Innovator Equity Autocallable Income Strategy ETF	8.60%	2.11%	0.00%	0.00%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.66%	9.81%	9.18%	1.74%

Frequently Asked Questions

Can I hold both ACEI and GPIQ in my portfolio?

ACEI and GPIQ have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ACEI or GPIQ?

On fees, GPIQ is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ACEI or GPIQ?

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.79% for ACEI.

Which ETF pays a higher dividend yield, ACEI or GPIQ?

GPIQ has the higher dividend yield at 9.66%, compared with 8.60% for ACEI.

What is the main difference between ACEI and GPIQ?

ACEI is categorized as Derivative Income, while GPIQ is Nasdaq-100. They also come from different issuers: Innovator and Goldman Sachs. Their fees differ too: 0.79% for ACEI and 0.29% for GPIQ.