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GPIQ vs. DVY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GPIQ vs. DVY

Last updated Jul 26, 2026
Documentation

GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and DVY (iShares Select Dividend ETF) are both exchange-traded funds - GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs, while DVY is a Large Cap Value Equities fund tracking the Dow Jones U.S. Select Dividend Index. GPIQ is actively managed, while DVY is passively managed. Over the past year, GPIQ returned 21.40% vs 22.32% for DVY. Their 0.25 correlation means their historical movements had little consistent relationship. GPIQ charges 0.29%/yr vs 0.39%/yr for DVY.

Performance

GPIQ vs. DVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and iShares Select Dividend ETF (DVY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GPIQ achieves a 10.98% return, which is significantly lower than DVY's 17.29% return.

GPIQ

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

DVY

1D
1.31%
1M
3.82%
6M
11.93%
YTD
17.29%
1Y
22.32%
3Y*
15.86%
5Y*
11.17%
10Y*
10.35%
ALL TIME*
9.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DVY

iShares Select Dividend ETF
$86.69M$71.80M$68.36M

GPIQ

Goldman Sachs Nasdaq-100 Core Premium Income ETF
$68.84M$77.85M$80.88M

GPIQ vs. DVY - Yearly Performance Comparison

2026 (YTD)202520242023
GPIQ
Goldman Sachs Nasdaq-100 Core Premium Income ETF		10.98%19.77%23.22%15.17%
DVY
iShares Select Dividend ETF		17.29%11.60%16.24%13.32%

Correlation

The correlation between GPIQ and DVY is 0.11, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.11

Correlation (All Time)
Calculated using the full available price history since Oct 26, 2023

0.25

The correlation between GPIQ and DVY shifts across timeframes, from 0.11 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

GPIQ vs. DVY - Sectors Allocation Comparison

Sectors
GPIQ
DVY

Technology

60.6%
3.7%

Communication Services

12.2%
5.2%

Consumer Cyclical

10.6%
10.1%

Consumer Defensive

6.2%
13.5%

Industrials

4.0%
2.1%

Healthcare

3.7%
5.2%

Utilities

1.3%
24.2%

Basic Materials

1.1%
1.8%

Energy

0.5%
8.2%

Financial Services

0.2%
26.1%

Real Estate

0.1%

-

Technology

GPIQ
60.6%
DVY
3.7%

Communication Services

GPIQ
12.2%
DVY
5.2%

Consumer Cyclical

GPIQ
10.6%
DVY
10.1%

Consumer Defensive

GPIQ
6.2%
DVY
13.5%

Industrials

GPIQ
4.0%
DVY
2.1%

Healthcare

GPIQ
3.7%
DVY
5.2%

Utilities

GPIQ
1.3%
DVY
24.2%

Basic Materials

GPIQ
1.1%
DVY
1.8%

Energy

GPIQ
0.5%
DVY
8.2%

Financial Services

GPIQ
0.2%
DVY
26.1%

Real Estate

GPIQ
0.1%
DVY

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Goldman Sachs Nasdaq-100 Core Premium Income ETF

iShares Select Dividend ETF

Often compared with GPIQ:
GPIQ vs. QQQIGPIQ vs. JEPQGPIQ vs. GPIXGPIQ vs. QDVOGPIQ vs. JEPIGPIQ vs. SCHDGPIQ vs. QQQM
Often compared with DVY:
DVY vs. SCHDDVY vs. HDVDVY vs. VYMDVY vs. DGRODVY vs. VIGDVY vs. SPYDDVY vs. VOO

Return for Risk

GPIQ vs. DVY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GPIQ
GPIQ Risk / Return Rank: 6060
Overall Rank
GPIQ Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
GPIQ Sortino Ratio Rank: 5353
Sortino Ratio Rank
GPIQ Omega Ratio Rank: 5555
Omega Ratio Rank
GPIQ Calmar Ratio Rank: 6565
Calmar Ratio Rank
GPIQ Martin Ratio Rank: 7171
Martin Ratio Rank
DVY
DVY Risk / Return Rank: 8686
Overall Rank
DVY Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
DVY Sortino Ratio Rank: 8989
Sortino Ratio Rank
DVY Omega Ratio Rank: 8282
Omega Ratio Rank
DVY Calmar Ratio Rank: 8585
Calmar Ratio Rank
DVY Martin Ratio Rank: 8585
Martin Ratio Rank
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.

GPIQ vs. DVY - 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 Select Dividend ETF (DVY). 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.

GPIQDVYDifference
Sharpe ratioReturn per unit of total volatility
1.34
2.06

-0.72

Sortino ratioReturn per unit of downside risk
1.85
3.04

-1.19

Omega ratioGain probability vs. loss probability

1.24

1.35

-0.11

Calmar ratioReturn relative to maximum drawdown

2.28

3.35

-1.07

Martin ratioReturn relative to average drawdown

8.75

11.83

-3.08

GPIQ vs. DVY - Sharpe Ratio Comparison

The current GPIQ Sharpe Ratio is 1.34, which is lower than the DVY Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of GPIQ and DVY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

GPIQ vs. DVY - Drawdown Comparison

The maximum GPIQ drawdown since its inception was -21.06%, smaller than the maximum DVY drawdown of -62.59%. Use the drawdown chart below to compare losses from any high point for GPIQ and DVY.

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Drawdown Indicators

GPIQDVYDifference

Max Drawdown

Largest peak-to-trough decline

-21.06%

-62.59%

+41.53%

Max Drawdown (1Y)

Largest decline over 1 year

-9.51%

-6.89%

-2.62%

Max Drawdown (3Y)

Largest decline over 3 years

—

-16.00%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.54%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.59%

—

Current Drawdown

Current decline from peak

-6.47%

0.00%

-6.47%

Average Drawdown

Average peak-to-trough decline

-2.30%

-8.74%

+6.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.47%

1.94%

+0.53%

Volatility

GPIQ vs. DVY - Volatility Comparison

Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a higher volatility of 6.13% compared to iShares Select Dividend ETF (DVY) at 3.69%. This indicates that GPIQ's price experiences larger fluctuations and is considered to be riskier than DVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GPIQDVYDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.13%

3.69%

+2.44%

Volatility (6M)

Calculated over the trailing 6-month period

13.56%

7.72%

+5.84%

Volatility (1Y)

Calculated over the trailing 1-year period

16.22%

11.22%

+5.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.97%

15.10%

+2.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.97%

18.01%

-0.04%

GPIQ vs. DVY - Expense Ratio Comparison

GPIQ has a 0.29% expense ratio, which is lower than DVY's 0.39% expense ratio.

Dividends

GPIQ vs. DVY - Dividend Comparison

GPIQ's dividend yield for the trailing twelve months is around 10.18%, more than DVY's 3.23% yield.

PositionTTM20252024202320222021202020192018201720162015
DVY
iShares Select Dividend ETF		3.23%3.65%3.65%3.82%3.43%3.12%3.66%3.41%3.58%3.00%3.04%3.45%
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

GPIQ and DVY have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GPIQ has higher volatility (6.13%) compared to DVY (3.69%). In terms of maximum drawdown, GPIQ dropped -21.06% vs DVY's -62.59%.

On 1-year performance, DVY leads with 22.32% vs 21.40% for GPIQ. On fees, GPIQ is cheaper at 0.29% per year. On volatility, DVY has been the lower-risk option at 3.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, DVY has performed better with a 22.32% return vs 21.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.39% for DVY.

GPIQ has the higher dividend yield at 10.18%, compared with 3.23% for DVY.

GPIQ is categorized as Nasdaq-100, while DVY is Large Cap Value Equities. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.29% for GPIQ and 0.39% for DVY.

DVY currently has the higher Sharpe Ratio (2.06 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.

Portfolio Optimizer

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