GIGL vs. GPIQ

Last updated Jul 17, 2026

GIGL (Goldman Sachs Corporate Bond ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - GIGL is a Corporate Bonds fund managed by Goldman Sachs, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. Over the past year, GIGL returned 4.60% vs 26.42% for GPIQ. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.29% expense ratio.

Performance

GIGL vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Corporate Bond ETF (GIGL) 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, GIGL achieves a 0.18% return, which is significantly lower than GPIQ's 14.10% return.

GIGL

• 1D: -0.04%
• 1M: -0.66%
• 6M: -0.21%
• YTD: 0.18%
• 1Y: 4.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIQ

• 1D: -1.49%
• 1M: -2.44%
• 6M: 12.67%
• YTD: 14.10%
• 1Y: 26.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GIGL vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025
GIGL Goldman Sachs Corporate Bond ETF	0.18%	3.76%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	14.10%	13.43%

Correlation

The correlation between GIGL and GPIQ is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.33

Return for Risk

GIGL vs. GPIQ — Risk / Return Rank

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

GIGL

GIGL Risk / Return Rank: 36
GIGL Sharpe Ratio Rank: 37
GIGL Sortino Ratio Rank: 36
GIGL Omega Ratio Rank: 35
GIGL Calmar Ratio Rank: 35
GIGL Martin Ratio Rank: 37

GPIQ

GPIQ Risk / Return Rank: 65
GPIQ Sharpe Ratio Rank: 62
GPIQ Sortino Ratio Rank: 59
GPIQ Omega Ratio Rank: 61
GPIQ Calmar Ratio Rank: 69
GPIQ Martin Ratio Rank: 76

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.

GIGL vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Corporate Bond ETF (GIGL) 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.

	GIGL	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	1.11	1.66	-0.55
Sortino ratio: Return per unit of downside risk	1.60	2.25	-0.65
Omega ratio: Gain probability vs. loss probability	1.19	1.30	-0.10
Calmar ratio: Return relative to maximum drawdown	1.48	2.79	-1.31
Martin ratio: Return relative to average drawdown	4.55	11.26	-6.72

GIGL vs. GPIQ - Sharpe Ratio Comparison

The current GIGL Sharpe Ratio is 1.11, which is lower than the GPIQ Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of GIGL 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

GIGL vs. GPIQ - Drawdown Comparison

The maximum GIGL drawdown since its inception was -3.13%, smaller than the maximum GPIQ drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for GIGL and GPIQ.

Drawdown Indicators

	GIGL	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-3.13%	-21.06%	+17.93%
Max Drawdown (1Y) Largest decline over 1 year	-3.13%	-9.51%	+6.38%
Current Drawdown Current decline from peak	-1.33%	-3.85%	+2.52%
Average Drawdown Average peak-to-trough decline	-0.74%	-2.28%	+1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	2.35%	-1.34%

Volatility

GIGL vs. GPIQ - Volatility Comparison

The current volatility for Goldman Sachs Corporate Bond ETF (GIGL) is 1.10%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 6.67%. This indicates that GIGL 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

	GIGL	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	6.67%	-5.57%
Volatility (6M) Calculated over the trailing 6-month period	3.33%	13.44%	-10.11%
Volatility (1Y) Calculated over the trailing 1-year period	4.16%	15.94%	-11.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.16%	17.95%	-13.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.16%	17.95%	-13.79%

GIGL vs. GPIQ - Expense Ratio Comparison

Both GIGL and GPIQ have an expense ratio of 0.29%.

Dividends

GIGL vs. GPIQ - Dividend Comparison

GIGL's dividend yield for the trailing twelve months is around 4.20%, less than GPIQ's 9.90% yield.

Position	TTM	2025	2024	2023
GIGL Goldman Sachs Corporate Bond ETF	4.20%	2.12%	0.00%	0.00%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.90%	9.81%	9.18%	1.74%

Frequently Asked Questions

Can I hold both GIGL and GPIQ in my portfolio?

GIGL and GPIQ have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GIGL or GPIQ?

GPIQ has higher volatility (6.67%) compared to GIGL (1.10%). In terms of maximum drawdown, GIGL dropped -3.13% vs GPIQ's -21.06%.

Which ETF is better, GIGL or GPIQ?

On 1-year performance, GPIQ leads with 26.42% vs 4.60% for GIGL. Both ETFs have the same 0.29% expense ratio. On volatility, GIGL has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GIGL or GPIQ?

Over the 1-year period, GPIQ has performed better with a 26.42% return vs 4.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GIGL or GPIQ?

GIGL and GPIQ have the same expense ratio: 0.29% per year.

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

GPIQ has the higher dividend yield at 9.90%, compared with 4.20% for GIGL.

What is the main difference between GIGL and GPIQ?

GIGL is categorized as Corporate Bonds, while GPIQ is Nasdaq-100.

Which has better risk-adjusted returns?

GPIQ currently has the higher Sharpe Ratio (1.66 vs 1.11), 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.