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. Their 0.99 correlation means they have historically moved very closely together. 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 13.18% return, which is significantly lower than BALQ's 18.43% return.
GPIQ
- 1D
- 1.36%
- 1M
- -1.54%
- 6M
- 10.62%
- YTD
- 13.18%
- 1Y
- 25.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.64%
BALQ
- 1D
- 1.88%
- 1M
- 0.07%
- 6M
- 14.80%
- YTD
- 18.43%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $313.33K | $255.38K | $181.78K | |
| $89.39M | $82.61M | $83.97M |
GPIQ vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 13.18% | -0.36% |
BALQ iShares Nasdaq Premium Income Active ETF | 18.43% | 0.04% |
Correlation
The correlation between GPIQ and BALQ is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025 | 0.99 |
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Return for Risk
GPIQ vs. BALQ — Risk / Return Rank
GPIQ
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| GPIQ | BALQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | — | — |
| Martin ratioReturn relative to average drawdown | 9.62 | — | — |
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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 | -4.62% | -3.83% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -2.73% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | — | — |
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 | 6.41% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.68% | 21.56% | -4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.06% | 21.56% | -3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 21.56% | -3.50% |
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 10.15%, more than BALQ's 7.05% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 7.05% | 0.95% | 0.00% | 0.00% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 10.15% | 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 10.15%, compared with 7.05% 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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