GPIQ vs. BALQ
GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. Both are actively managed. With a 0.99 correlation, they move nearly in lockstep. GPIQ charges 0.29%/yr vs 0.35%/yr for BALQ.
Performance
GPIQ vs. BALQ - Performance Comparison
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Returns By Period
In the year-to-date period, GPIQ achieves a 18.30% return, which is significantly lower than BALQ's 22.89% return.
GPIQ
- 1D
- -0.19%
- 1M
- 8.51%
- YTD
- 18.30%
- 6M
- 17.64%
- 1Y
- 37.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BALQ
- 1D
- -0.21%
- 1M
- 11.15%
- YTD
- 22.89%
- 6M
- 22.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GPIQ vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 18.30% | -0.56% |
BALQ iShares Nasdaq Premium Income Active ETF | 22.89% | -0.49% |
Correlation
The correlation between GPIQ and BALQ is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025 | 0.99 |
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Return for Risk
GPIQ vs. BALQ — Risk / Return Rank
GPIQ
BALQ
GPIQ vs. BALQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and iShares Nasdaq Premium Income Active ETF (BALQ). 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.
| GPIQ | BALQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.51 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | — | — |
| Martin ratioReturn relative to average drawdown | 17.48 | — | — |
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
| GPIQ | BALQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.78 | 2.81 | -1.03 |
Drawdowns
GPIQ vs. BALQ - Drawdown Comparison
The maximum GPIQ drawdown since its inception was -21.06%, which is greater than BALQ's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for GPIQ and BALQ.
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Drawdown Indicators
| GPIQ | BALQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -11.79% | -9.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.21% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -2.37% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | — | — |
Volatility
GPIQ vs. BALQ - Volatility Comparison
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Volatility by Period
| GPIQ | BALQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.44% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 18.03% | -4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 18.03% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 18.03% | -0.56% |
GPIQ vs. BALQ - Expense Ratio Comparison
GPIQ has a 0.29% expense ratio, which is lower than BALQ's 0.35% expense ratio.
Dividends
GPIQ vs. BALQ - Dividend Comparison
GPIQ's dividend yield for the trailing twelve months is around 9.32%, more than BALQ's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.59% | 0.95% | 0.00% | 0.00% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.32% | 9.81% | 9.18% | 1.74% |
Frequently Asked Questions
With a correlation of 0.99, GPIQ and BALQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
GPIQ is cheaper with a 0.29% expense ratio, compared with 0.35% for BALQ.
GPIQ has the higher dividend yield at 9.32%, compared with 4.59% for BALQ.
They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.29% for GPIQ and 0.35% for BALQ.
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