GPIQ vs. GSWO
GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and GSWO (Goldman Sachs ActiveBeta World Equity ETF) are both exchange-traded funds - GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs, while GSWO is a Global Equities fund tracking the Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net. GPIQ is actively managed, while GSWO is passively managed. Over the past year, GPIQ returned 21.40% vs 15.09% for GSWO. Their 0.71 correlation means they have sometimes moved together and sometimes differently. GPIQ charges 0.29%/yr vs 0.25%/yr for GSWO.
Performance
GPIQ vs. GSWO - Performance Comparison
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Returns By Period
In the year-to-date period, GPIQ achieves a 10.98% return, which is significantly higher than GSWO's 9.77% return.
GPIQ
- 1D
- -1.08%
- 1M
- -3.82%
- 6M
- 9.18%
- YTD
- 10.98%
- 1Y
- 21.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.03%
GSWO
- 1D
- 0.17%
- 1M
- 0.80%
- 6M
- 8.66%
- YTD
- 9.77%
- 1Y
- 15.09%
- 3Y*
- 16.39%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $68.84M | $77.85M | $80.88M | |
| $3.06M | $3.14M | $3.93M |
GPIQ vs. GSWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 10.98% | 19.77% | 23.22% | 15.17% |
GSWO Goldman Sachs ActiveBeta World Equity ETF | 9.77% | 18.97% | 15.29% | 11.73% |
Correlation
The correlation between GPIQ and GSWO is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.71 |
The correlation between GPIQ and GSWO has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
GPIQ vs. GSWO — Risk / Return Rank
GPIQ
GSWO
GPIQ vs. GSWO - 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 Goldman Sachs ActiveBeta World Equity ETF (GSWO). 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 | GSWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 1.72 | +0.56 |
| Martin ratioReturn relative to average drawdown | 8.75 | 7.82 | +0.93 |
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Drawdowns
GPIQ vs. GSWO - Drawdown Comparison
The maximum GPIQ drawdown since its inception was -21.06%, which is greater than GSWO's maximum drawdown of -17.77%. Use the drawdown chart below to compare losses from any high point for GPIQ and GSWO.
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Drawdown Indicators
| GPIQ | GSWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -17.77% | -3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -8.93% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.97% | — |
Current DrawdownCurrent decline from peak | -6.47% | -1.97% | -4.50% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -3.19% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 1.95% | +0.52% |
Volatility
GPIQ vs. GSWO - Volatility Comparison
Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a higher volatility of 6.13% compared to Goldman Sachs ActiveBeta World Equity ETF (GSWO) at 3.09%. This indicates that GPIQ's price experiences larger fluctuations and is considered to be riskier than GSWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPIQ | GSWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 3.09% | +3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 13.56% | 10.30% | +3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.22% | 11.66% | +4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.97% | 13.02% | +4.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 13.02% | +4.95% |
GPIQ vs. GSWO - Expense Ratio Comparison
GPIQ has a 0.29% expense ratio, which is higher than GSWO's 0.25% expense ratio.
Dividends
GPIQ vs. GSWO - Dividend Comparison
GPIQ's dividend yield for the trailing twelve months is around 10.18%, more than GSWO's 1.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 10.18% | 9.81% | 9.18% | 1.74% | 0.00% |
GSWO Goldman Sachs ActiveBeta World Equity ETF | 1.55% | 1.74% | 1.75% | 2.06% | 1.73% |
Frequently Asked Questions
GPIQ and GSWO have a correlation of 0.78, 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 GSWO (3.09%). In terms of maximum drawdown, GPIQ dropped -21.06% vs GSWO's -17.77%.
On 1-year performance, GPIQ leads with 21.40% vs 15.09% for GSWO. On fees, GSWO is cheaper at 0.25% per year. On volatility, GSWO has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GPIQ has performed better with a 21.40% return vs 15.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSWO is cheaper with a 0.25% expense ratio, compared with 0.29% for GPIQ.
GPIQ has the higher dividend yield at 10.18%, compared with 1.55% for GSWO.
GPIQ is categorized as Nasdaq-100, while GSWO is Global Equities. Their fees differ too: 0.29% for GPIQ and 0.25% for GSWO.
GPIQ currently has the higher Sharpe Ratio (1.34 vs 1.31), 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.
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