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GPIQ vs. GPIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

GPIQ vs. GPIX

Last updated May 17, 2025

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.

Correlation

The correlation between GPIQ and GPIX is 0.93, 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.

Performance

GPIQ vs. GPIX - 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 Goldman Sachs S&P 500 Core Premium Income ETF (GPIX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

GPIQ:

0.64

GPIX:

0.71

Sortino Ratio

GPIQ:

1.12

GPIX:

1.18

Omega Ratio

GPIQ:

1.16

GPIX:

1.18

Calmar Ratio

GPIQ:

0.75

GPIX:

0.79

Martin Ratio

GPIQ:

2.63

GPIX:

3.22

Ulcer Index

GPIQ:

5.97%

GPIX:

4.31%

Daily Std Dev

GPIQ:

22.72%

GPIX:

18.24%

Max Drawdown

GPIQ:

-21.06%

GPIX:

-17.50%

Current Drawdown

GPIQ:

-3.35%

GPIX:

-2.72%

Returns By Period

In the year-to-date period, GPIQ achieves a 1.87% return, which is significantly higher than GPIX's 1.33% return.

GPIQ

YTD

1.87%

1M

14.80%

6M

4.70%

1Y

14.36%

5Y*

N/A

10Y*

N/A

GPIX

YTD

1.33%

1M

11.50%

6M

1.99%

1Y

12.87%

5Y*

N/A

10Y*

N/A

*Annualized

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GPIQ vs. GPIX - Expense Ratio Comparison

Both GPIQ and GPIX have an expense ratio of 0.29%.

GPIQ
Goldman Sachs Nasdaq-100 Core Premium Income ETF
GPIX
Goldman Sachs S&P 500 Core Premium Income ETF

Risk-Adjusted Performance

GPIQ vs. GPIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GPIQ
The Risk-Adjusted Performance Rank of GPIQ is 6767
Overall Rank
The Sharpe Ratio Rank of GPIQ is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of GPIQ is 6666
Sortino Ratio Rank
The Omega Ratio Rank of GPIQ is 6969
Omega Ratio Rank
The Calmar Ratio Rank of GPIQ is 7070
Calmar Ratio Rank
The Martin Ratio Rank of GPIQ is 6666
Martin Ratio Rank
GPIX
The Risk-Adjusted Performance Rank of GPIX is 7272
Overall Rank
The Sharpe Ratio Rank of GPIX is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of GPIX is 7070
Sortino Ratio Rank
The Omega Ratio Rank of GPIX is 7676
Omega Ratio Rank
The Calmar Ratio Rank of GPIX is 7373
Calmar Ratio Rank
The Martin Ratio Rank of GPIX is 7474
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current GPIQ Sharpe Ratio is 0.64, which is comparable to the GPIX Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of GPIQ and GPIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

GPIQ vs. GPIX - Dividend Comparison

GPIQ's dividend yield for the trailing twelve months is around 10.39%, more than GPIX's 8.47% yield.

TTM20242023
GPIQ
Goldman Sachs Nasdaq-100 Core Premium Income ETF		10.39%9.18%1.74%
GPIX
Goldman Sachs S&P 500 Core Premium Income ETF		8.47%7.46%1.40%

Drawdowns

GPIQ vs. GPIX - Drawdown Comparison

The maximum GPIQ drawdown since its inception was -21.06%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for GPIQ and GPIX. For additional features, visit the drawdowns tool.

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Volatility

GPIQ vs. GPIX - Volatility Comparison

Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a higher volatility of 5.79% compared to Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) at 5.35%. 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.

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