DGRO vs. GPIQ

Last updated Jul 26, 2026

DGRO (iShares Core Dividend Growth ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. DGRO is passively managed, while GPIQ is actively managed. Over the past year, DGRO returned 20.83% vs 21.40% for GPIQ. Their 0.50 correlation means they have sometimes moved together and sometimes differently. DGRO charges 0.08%/yr vs 0.29%/yr for GPIQ.

Performance

DGRO vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Dividend Growth ETF (DGRO) 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, DGRO achieves a 13.15% return, which is significantly higher than GPIQ's 10.98% return.

DGRO

• 1D: 0.83%
• 1M: 3.14%
• 6M: 10.33%
• YTD: 13.15%
• 1Y: 20.83%
• 3Y*: 16.11%
• 5Y*: 11.10%
• 10Y*: 13.29%
• ALL TIME*: 12.47%

GPIQ

• 1D: -1.08%
• 1M: -3.82%
• 6M: 9.18%
• YTD: 10.98%
• 1Y: 21.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DGRO iShares Core Dividend Growth ETF	$96.40M	$101.84M	$109.07M
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	$68.84M	$77.85M	$80.88M

DGRO vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DGRO iShares Core Dividend Growth ETF	13.15%	15.69%	16.62%	12.17%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	10.98%	19.77%	23.22%	15.17%

Correlation

The correlation between DGRO and GPIQ is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.50

The correlation between DGRO and GPIQ shifts across timeframes, from 0.37 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

DGRO vs. GPIQ - Sectors Allocation Comparison

Sectors	DGRO	GPIQ
Financial Services	20.4%	0.2%
Healthcare	17.9%	3.7%
Technology	17.3%	60.6%
Consumer Defensive	11.9%	6.2%
Industrials	11.3%	4.0%
Utilities	7.3%	1.3%
Consumer Cyclical	6.5%	10.6%
Energy	4.8%	0.5%
Basic Materials	2.5%	1.1%
Communication Services	0.1%	12.2%
Real Estate	-	0.1%

Return for Risk

DGRO vs. GPIQ — Risk / Return Rank

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

DGRO

DGRO Risk / Return Rank: 89
DGRO Sharpe Ratio Rank: 91
DGRO Sortino Ratio Rank: 92
DGRO Omega Ratio Rank: 90
DGRO Calmar Ratio Rank: 85
DGRO Martin Ratio Rank: 87

GPIQ

GPIQ Risk / Return Rank: 60
GPIQ Sharpe Ratio Rank: 57
GPIQ Sortino Ratio Rank: 53
GPIQ Omega Ratio Rank: 55
GPIQ Calmar Ratio Rank: 65
GPIQ Martin Ratio Rank: 71

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.

DGRO vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) 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.

	DGRO	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	2.25	1.34	+0.91
Sortino ratio: Return per unit of downside risk	3.28	1.85	+1.43
Omega ratio: Gain probability vs. loss probability	1.41	1.24	+0.17
Calmar ratio: Return relative to maximum drawdown	3.30	2.28	+1.02
Martin ratio: Return relative to average drawdown	12.72	8.75	+3.97

DGRO vs. GPIQ - Sharpe Ratio Comparison

The current DGRO Sharpe Ratio is 2.25, which is higher than the GPIQ Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of DGRO and GPIQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DGRO vs. GPIQ - Drawdown Comparison

The maximum DGRO drawdown since its inception was -35.10%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for DGRO and GPIQ.

Drawdown Indicators

	DGRO	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-35.10%	-21.06%	-14.04%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-9.51%	+3.04%
Max Drawdown (3Y) Largest decline over 3 years	-14.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.31%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.10%	—	—
Current Drawdown Current decline from peak	0.00%	-6.47%	+6.47%
Average Drawdown Average peak-to-trough decline	-3.41%	-2.30%	-1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	2.47%	-0.79%

Volatility

DGRO vs. GPIQ - Volatility Comparison

The current volatility for iShares Core Dividend Growth ETF (DGRO) is 2.81%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 6.13%. This indicates that DGRO 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

	DGRO	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	6.13%	-3.32%
Volatility (6M) Calculated over the trailing 6-month period	6.96%	13.56%	-6.60%
Volatility (1Y) Calculated over the trailing 1-year period	9.52%	16.22%	-6.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.78%	17.97%	-4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.57%	17.97%	-1.40%

DGRO vs. GPIQ - Expense Ratio Comparison

DGRO has a 0.08% expense ratio, which is lower than GPIQ's 0.29% expense ratio.

Dividends

DGRO vs. GPIQ - Dividend Comparison

DGRO's dividend yield for the trailing twelve months is around 1.90%, less than GPIQ's 10.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.90%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	10.18%	9.81%	9.18%	1.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DGRO and GPIQ in my portfolio?

DGRO and GPIQ have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGRO or GPIQ?

GPIQ has higher volatility (6.13%) compared to DGRO (2.81%). In terms of maximum drawdown, DGRO dropped -35.10% vs GPIQ's -21.06%.

Which ETF is better, DGRO or GPIQ?

On 1-year performance, GPIQ leads with 21.40% vs 20.83% for DGRO. On fees, DGRO is cheaper at 0.08% per year. On volatility, DGRO has been the lower-risk option at 2.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGRO or GPIQ?

Over the 1-year period, GPIQ has performed better with a 21.40% return vs 20.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGRO or GPIQ?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.29% for GPIQ.

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

GPIQ has the higher dividend yield at 10.18%, compared with 1.90% for DGRO.

What is the main difference between DGRO and GPIQ?

DGRO is categorized as Large Cap Growth Equities, while GPIQ is Nasdaq-100. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.08% for DGRO and 0.29% for GPIQ.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.25 vs 1.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.