ADME vs. GPIQ

Last updated Apr 1, 2026

Compare and contrast key facts about Aptus Drawdown Managed Equity ETF (ADME) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ).

ADME and GPIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ADME is a passively managed fund by Aptus Capital Advisors that tracks the performance of the Aptus Behavioral Momentum Index. It was launched on Jun 8, 2016. GPIQ is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023.

Performance

ADME vs. GPIQ - Performance Comparison

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

ADME vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ADME Aptus Drawdown Managed Equity ETF	-3.52%	10.28%	22.11%	13.10%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	-3.90%	19.77%	23.22%	15.38%

Returns By Period

In the year-to-date period, ADME achieves a -3.52% return, which is significantly higher than GPIQ's -3.90% return.

ADME

• 1D: 2.21%
• 1M: -4.50%
• YTD: -3.52%
• 6M: -2.99%
• 1Y: 11.79%
• 3Y*: 13.26%
• 5Y*: 6.59%
• 10Y*: —

GPIQ

• 1D: 3.19%
• 1M: -3.94%
• YTD: -3.90%
• 6M: -0.56%
• 1Y: 23.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ADME vs. GPIQ - Expense Ratio Comparison

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

ADME

Aptus Drawdown Managed Equity ETF

GPIQ

Goldman Sachs Nasdaq-100 Core Premium Income ETF

Return for Risk

ADME vs. GPIQ — Risk / Return Rank

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

ADME

ADME Risk / Return Rank: 52
ADME Sharpe Ratio Rank: 49
ADME Sortino Ratio Rank: 49
ADME Omega Ratio Rank: 49
ADME Calmar Ratio Rank: 55
ADME Martin Ratio Rank: 58

GPIQ

GPIQ Risk / Return Rank: 76
GPIQ Sharpe Ratio Rank: 69
GPIQ Sortino Ratio Rank: 74
GPIQ Omega Ratio Rank: 75
GPIQ Calmar Ratio Rank: 77
GPIQ Martin Ratio Rank: 84

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.

ADME vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Drawdown Managed Equity ETF (ADME) 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.

	ADME	GPIQ	Difference
Sharpe ratio Return per unit of total volatility	0.85	1.14	-0.29
Sortino ratio Return per unit of downside risk	1.28	1.77	-0.49
Omega ratio Gain probability vs. loss probability	1.18	1.27	-0.08
Calmar ratio Return relative to maximum drawdown	1.35	1.92	-0.57
Martin ratio Return relative to average drawdown	5.54	8.84	-3.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADME vs. GPIQ - Sharpe Ratio Comparison

The current ADME Sharpe Ratio is 0.85, which is comparable to the GPIQ Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of ADME and GPIQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ADME	GPIQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	1.14	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	1.28	-0.74

Correlation

The correlation between ADME and GPIQ is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ADME vs. GPIQ - Dividend Comparison

ADME's dividend yield for the trailing twelve months is around 0.42%, less than GPIQ's 10.68% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ADME Aptus Drawdown Managed Equity ETF	0.42%	0.38%	0.47%	0.78%	0.73%	0.26%	0.41%	0.70%	0.86%	0.32%	0.69%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	10.68%	9.81%	9.18%	1.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ADME vs. GPIQ - Drawdown Comparison

The maximum ADME drawdown since its inception was -27.49%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for ADME and GPIQ.

Drawdown Indicators

	ADME	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-27.49%	-21.06%	-6.43%
Max Drawdown (1Y) Largest decline over 1 year	-8.99%	-12.08%	+3.09%
Max Drawdown (5Y) Largest decline over 5 years	-23.43%	—	—
Current Drawdown Current decline from peak	-5.44%	-6.63%	+1.19%
Average Drawdown Average peak-to-trough decline	-8.05%	-2.37%	-5.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.62%	-0.43%

Volatility

ADME vs. GPIQ - Volatility Comparison

The current volatility for Aptus Drawdown Managed Equity ETF (ADME) is 4.03%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 6.08%. This indicates that ADME experiences smaller price fluctuations and is considered to be less risky than GPIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADME	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	6.08%	-2.05%
Volatility (6M) Calculated over the trailing 6-month period	7.59%	11.17%	-3.58%
Volatility (1Y) Calculated over the trailing 1-year period	13.91%	20.42%	-6.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.88%	17.74%	-4.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.45%	17.74%	-3.29%