FTQI vs. GPIQ
Compare and contrast key facts about First Trust Nasdaq BuyWrite Income ETF (FTQI) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ).
FTQI and GPIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTQI is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 6, 2014. GPIQ is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023.
Performance
FTQI vs. GPIQ - Performance Comparison
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FTQI vs. GPIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FTQI First Trust Nasdaq BuyWrite Income ETF | -0.38% | 12.68% | 18.30% | 10.75% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | -2.85% | 19.77% | 23.22% | 15.38% |
Returns By Period
In the year-to-date period, FTQI achieves a -0.38% return, which is significantly higher than GPIQ's -2.85% return.
FTQI
- 1D
- 1.00%
- 1M
- -0.70%
- YTD
- -0.38%
- 6M
- 3.73%
- 1Y
- 19.71%
- 3Y*
- 14.13%
- 5Y*
- 9.58%
- 10Y*
- 6.96%
GPIQ
- 1D
- 1.08%
- 1M
- -2.99%
- YTD
- -2.85%
- 6M
- 0.19%
- 1Y
- 23.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FTQI vs. GPIQ - Expense Ratio Comparison
FTQI has a 0.75% expense ratio, which is higher than GPIQ's 0.29% expense ratio.
Return for Risk
FTQI vs. GPIQ — Risk / Return Rank
FTQI
GPIQ
FTQI vs. GPIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq BuyWrite Income ETF (FTQI) 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.
| FTQI | GPIQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.17 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.80 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 2.04 | -0.31 |
Martin ratioReturn relative to average drawdown | 10.01 | 9.31 | +0.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTQI | GPIQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.17 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 1.31 | -0.85 |
Correlation
The correlation between FTQI and GPIQ is 0.90, 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
FTQI vs. GPIQ - Dividend Comparison
FTQI's dividend yield for the trailing twelve months is around 11.85%, more than GPIQ's 10.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTQI First Trust Nasdaq BuyWrite Income ETF | 11.85% | 11.46% | 11.66% | 11.49% | 9.85% | 3.05% | 3.27% | 2.95% | 3.27% | 2.74% | 3.02% | 3.54% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 10.75% | 9.81% | 9.18% | 1.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTQI vs. GPIQ - Drawdown Comparison
The maximum FTQI drawdown since its inception was -19.42%, smaller than the maximum GPIQ drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for FTQI and GPIQ.
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Drawdown Indicators
| FTQI | GPIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -21.06% | +1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -12.08% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -19.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.42% | — | — |
Current DrawdownCurrent decline from peak | -2.41% | -5.62% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -2.38% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.64% | -0.61% |
Volatility
FTQI vs. GPIQ - Volatility Comparison
The current volatility for First Trust Nasdaq BuyWrite Income ETF (FTQI) is 5.36%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 6.15%. This indicates that FTQI 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.
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Volatility by Period
| FTQI | GPIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 6.15% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 11.22% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 20.45% | -3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.83% | 17.74% | -2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 17.74% | -4.33% |