GPIQ vs. GPIX
Compare and contrast key facts about Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and Goldman Sachs S&P 500 Core Premium Income ETF (GPIX).
GPIQ and GPIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GPIQ is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023. GPIX is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GPIQ or GPIX.
Performance
GPIQ vs. GPIX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with GPIQ having a 21.71% return and GPIX slightly higher at 22.35%.
GPIQ
21.71%
2.15%
10.52%
26.45%
N/A
N/A
GPIX
22.35%
1.89%
12.36%
27.91%
N/A
N/A
Key characteristics
| GPIQ | GPIX | |
|---|---|---|
| Sharpe Ratio | 1.84 | 2.72 |
| Sortino Ratio | 2.47 | 3.65 |
| Omega Ratio | 1.35 | 1.54 |
| Calmar Ratio | 2.32 | 4.07 |
| Martin Ratio | 9.40 | 19.15 |
| Ulcer Index | 2.87% | 1.48% |
| Daily Std Dev | 14.64% | 10.41% |
| Max Drawdown | -11.66% | -6.97% |
| Current Drawdown | -1.13% | -0.56% |
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GPIQ vs. GPIX - Expense Ratio Comparison
Both GPIQ and GPIX have an expense ratio of 0.29%.
Correlation
The correlation between GPIQ and GPIX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
GPIQ vs. GPIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and Goldman Sachs S&P 500 Core Premium Income ETF (GPIX). 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.
Dividends
GPIQ vs. GPIX - Dividend Comparison
GPIQ's dividend yield for the trailing twelve months is around 9.89%, more than GPIX's 7.88% yield.
| TTM | 2023 | |
|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.89% | 1.74% |
GPIX Goldman Sachs S&P 500 Core Premium Income ETF | 7.88% | 1.40% |
Drawdowns
GPIQ vs. GPIX - Drawdown Comparison
The maximum GPIQ drawdown since its inception was -11.66%, which is greater than GPIX's maximum drawdown of -6.97%. Use the drawdown chart below to compare losses from any high point for GPIQ and GPIX. For additional features, visit the drawdowns tool.
Volatility
GPIQ vs. GPIX - Volatility Comparison
Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a higher volatility of 4.43% compared to Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) at 3.32%. This indicates that GPIQ's price experiences larger fluctuations and is considered to be riskier than GPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.