GPIQ vs. GVIP
Compare and contrast key facts about Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and Goldman Sachs Hedge Industry VIP ETF (GVIP).
GPIQ and GVIP 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. GVIP is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs Hedge Fund VIP Index. It was launched on Nov 1, 2016.
Performance
GPIQ vs. GVIP - Performance Comparison
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GPIQ vs. GVIP - 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% |
GVIP Goldman Sachs Hedge Industry VIP ETF | -5.92% | 25.27% | 29.82% | 17.48% |
Returns By Period
In the year-to-date period, GPIQ achieves a -3.90% return, which is significantly higher than GVIP's -5.92% return.
GPIQ
- 1D
- 3.19%
- 1M
- -3.94%
- YTD
- -3.90%
- 6M
- -0.56%
- 1Y
- 23.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GVIP
- 1D
- 4.35%
- 1M
- -6.82%
- YTD
- -5.92%
- 6M
- -4.60%
- 1Y
- 24.04%
- 3Y*
- 24.28%
- 5Y*
- 8.97%
- 10Y*
- —
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GPIQ vs. GVIP - Expense Ratio Comparison
GPIQ has a 0.29% expense ratio, which is lower than GVIP's 0.45% expense ratio.
Return for Risk
GPIQ vs. GVIP — Risk / Return Rank
GPIQ
GVIP
GPIQ vs. GVIP - 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 Hedge Industry VIP ETF (GVIP). 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 | GVIP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.04 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.77 | 1.55 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.76 | +0.16 |
Martin ratioReturn relative to average drawdown | 8.84 | 6.94 | +1.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GPIQ | GVIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.04 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.71 | +0.57 |
Correlation
The correlation between GPIQ and GVIP is 0.86, 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.
Dividends
GPIQ vs. GVIP - Dividend Comparison
GPIQ's dividend yield for the trailing twelve months is around 10.68%, more than GVIP's 0.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 10.68% | 9.81% | 9.18% | 1.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GVIP Goldman Sachs Hedge Industry VIP ETF | 0.36% | 0.34% | 0.29% | 0.77% | 0.02% | 0.00% | 0.12% | 0.77% | 0.44% | 0.45% | 0.08% |
Drawdowns
GPIQ vs. GVIP - Drawdown Comparison
The maximum GPIQ drawdown since its inception was -21.06%, smaller than the maximum GVIP drawdown of -37.09%. Use the drawdown chart below to compare losses from any high point for GPIQ and GVIP.
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Drawdown Indicators
| GPIQ | GVIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -37.09% | +16.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.08% | -13.67% | +1.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.09% | — |
Current DrawdownCurrent decline from peak | -6.63% | -9.91% | +3.28% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -7.71% | +5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 3.47% | -0.85% |
Volatility
GPIQ vs. GVIP - Volatility Comparison
The current volatility for Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) is 6.08%, while Goldman Sachs Hedge Industry VIP ETF (GVIP) has a volatility of 8.62%. This indicates that GPIQ experiences smaller price fluctuations and is considered to be less risky than GVIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPIQ | GVIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 8.62% | -2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.17% | 14.52% | -3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.42% | 23.32% | -2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.74% | 21.19% | -3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.74% | 21.68% | -3.94% |