GPIQ vs. ECAT

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and BlackRock ESG Capital Allocation Term Trust (ECAT).

GPIQ is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023. ECAT is managed by BlackRock. It was launched on Sep 28, 2021.

Performance

GPIQ vs. ECAT - 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 BlackRock ESG Capital Allocation Term Trust (ECAT). The values are adjusted to include any dividend payments, if applicable.

GPIQ vs. ECAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	-3.90%	19.77%	23.22%	15.38%
ECAT BlackRock ESG Capital Allocation Term Trust	-6.71%	16.64%	19.96%	16.09%

Returns By Period

In the year-to-date period, GPIQ achieves a -3.90% return, which is significantly higher than ECAT's -6.71% return.

GPIQ

• 1D: 3.19%
• 1M: -3.94%
• YTD: -3.90%
• 6M: -0.56%
• 1Y: 23.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ECAT

• 1D: 1.49%
• 1M: -8.56%
• YTD: -6.71%
• 6M: -7.80%
• 1Y: 7.03%
• 3Y*: 13.21%
• 5Y*: —
• 10Y*: —

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

GPIQ vs. ECAT - Expense Ratio Comparison

GPIQ has a 0.29% expense ratio, which is lower than ECAT's 1.38% expense ratio.

ECAT

BlackRock ESG Capital Allocation Term Trust

GPIQ

Goldman Sachs Nasdaq-100 Core Premium Income ETF

Return for Risk

GPIQ vs. ECAT — Risk / Return Rank

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

GPIQ

GPIQ Risk / Return Rank: 76
GPIQ Sharpe Ratio Rank: 69
GPIQ Sortino Ratio Rank: 74
GPIQ Omega Ratio Rank: 75
GPIQ Calmar Ratio Rank: 77
GPIQ Martin Ratio Rank: 84

ECAT

ECAT Risk / Return Rank: 16
ECAT Sharpe Ratio Rank: 17
ECAT Sortino Ratio Rank: 16
ECAT Omega Ratio Rank: 16
ECAT Calmar Ratio Rank: 16
ECAT Martin Ratio Rank: 17

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. ECAT - 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 BlackRock ESG Capital Allocation Term Trust (ECAT). 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	ECAT	Difference
Sharpe ratio Return per unit of total volatility	1.14	0.42	+0.73
Sortino ratio Return per unit of downside risk	1.77	0.68	+1.09
Omega ratio Gain probability vs. loss probability	1.27	1.09	+0.17
Calmar ratio Return relative to maximum drawdown	1.92	0.47	+1.45
Martin ratio Return relative to average drawdown	8.84	1.75	+7.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GPIQ vs. ECAT - Sharpe Ratio Comparison

The current GPIQ Sharpe Ratio is 1.14, which is higher than the ECAT Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of GPIQ and ECAT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GPIQ	ECAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	0.42	+0.73
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	0.32	+0.96

Correlation

The correlation between GPIQ and ECAT is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GPIQ vs. ECAT - Dividend Comparison

GPIQ's dividend yield for the trailing twelve months is around 10.68%, less than ECAT's 25.39% yield.

	TTM	2025	2024	2023	2022	2021
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	10.68%	9.81%	9.18%	1.74%	0.00%	0.00%
ECAT BlackRock ESG Capital Allocation Term Trust	25.39%	23.00%	17.44%	9.14%	8.94%	0.54%

Drawdowns

GPIQ vs. ECAT - Drawdown Comparison

The maximum GPIQ drawdown since its inception was -21.06%, smaller than the maximum ECAT drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for GPIQ and ECAT.

Drawdown Indicators

	GPIQ	ECAT	Difference
Max Drawdown Largest peak-to-trough decline	-21.06%	-32.23%	+11.17%
Max Drawdown (1Y) Largest decline over 1 year	-12.08%	-12.90%	+0.82%
Current Drawdown Current decline from peak	-6.63%	-10.48%	+3.85%
Average Drawdown Average peak-to-trough decline	-2.37%	-9.41%	+7.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	3.49%	-0.87%

Volatility

GPIQ vs. ECAT - Volatility Comparison

Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and BlackRock ESG Capital Allocation Term Trust (ECAT) have volatilities of 6.08% and 5.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPIQ	ECAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	5.97%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	11.17%	10.34%	+0.83%
Volatility (1Y) Calculated over the trailing 1-year period	20.42%	16.97%	+3.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.74%	16.95%	+0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.74%	16.95%	+0.79%