GPIQ vs. HDV
GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. GPIQ is actively managed, while HDV is passively managed. Over the past year, GPIQ returned 21.40% vs 24.04% for HDV. Their 0.05 correlation means their historical movements had little consistent relationship. GPIQ charges 0.29%/yr vs 0.08%/yr for HDV.
Performance
GPIQ vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, GPIQ achieves a 10.98% return, which is significantly lower than HDV's 20.12% return.
GPIQ
- 1D
- -1.08%
- 1M
- -3.82%
- 6M
- 9.18%
- YTD
- 10.98%
- 1Y
- 21.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.03%
HDV
- 1D
- 1.23%
- 1M
- 4.76%
- 6M
- 13.60%
- YTD
- 20.12%
- 1Y
- 24.04%
- 3Y*
- 15.34%
- 5Y*
- 12.15%
- 10Y*
- 9.50%
- ALL TIME*
- 10.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $68.84M | $77.85M | $80.88M | |
| $163.75M | $142.23M | $95.79M |
GPIQ vs. HDV - 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% |
HDV iShares Core High Dividend ETF | 20.12% | 11.90% | 14.16% | 6.75% |
Correlation
The correlation between GPIQ and HDV is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.05 |
The correlation between GPIQ and HDV shifts across timeframes, from -0.17 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
GPIQ vs. HDV - Sectors Allocation Comparison
Sectors
GPIQ
HDV
Technology
Communication Services
Consumer Cyclical
Consumer Defensive
Industrials
Healthcare
Utilities
Basic Materials
Energy
Financial Services
Real Estate
-
Technology
GPIQ
HDV
Communication Services
GPIQ
HDV
Consumer Cyclical
GPIQ
HDV
Consumer Defensive
GPIQ
HDV
Industrials
GPIQ
HDV
Healthcare
GPIQ
HDV
Utilities
GPIQ
HDV
Basic Materials
GPIQ
HDV
Energy
GPIQ
HDV
Financial Services
GPIQ
HDV
Real Estate
GPIQ
HDV
-
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Return for Risk
GPIQ vs. HDV — Risk / Return Rank
GPIQ
HDV
GPIQ vs. HDV - 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 iShares Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 4.65 | -2.37 |
| Martin ratioReturn relative to average drawdown | 8.75 | 12.72 | -3.97 |
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Drawdowns
GPIQ vs. HDV - Drawdown Comparison
The maximum GPIQ drawdown since its inception was -21.06%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for GPIQ and HDV.
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Drawdown Indicators
| GPIQ | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -37.04% | +15.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -5.18% | -4.33% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -6.47% | 0.00% | -6.47% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -3.07% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 1.89% | +0.58% |
Volatility
GPIQ vs. HDV - Volatility Comparison
Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a higher volatility of 6.13% compared to iShares Core High Dividend ETF (HDV) at 4.88%. This indicates that GPIQ's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPIQ | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 4.88% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 13.56% | 8.55% | +5.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.22% | 10.74% | +5.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.97% | 12.93% | +5.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 15.77% | +2.20% |
GPIQ vs. HDV - Expense Ratio Comparison
GPIQ has a 0.29% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
GPIQ vs. HDV - Dividend Comparison
GPIQ's dividend yield for the trailing twelve months is around 10.18%, more than HDV's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 10.18% | 9.81% | 9.18% | 1.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDV iShares Core High Dividend ETF | 3.07% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Frequently Asked Questions
GPIQ and HDV have a correlation of -0.17, 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 HDV (4.88%). In terms of maximum drawdown, GPIQ dropped -21.06% vs HDV's -37.04%.
On 1-year performance, HDV leads with 24.04% vs 21.40% for GPIQ. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HDV has performed better with a 24.04% return vs 21.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.29% for GPIQ.
GPIQ has the higher dividend yield at 10.18%, compared with 3.07% for HDV.
GPIQ is categorized as Nasdaq-100, while HDV is Dividend. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.29% for GPIQ and 0.08% for HDV.
HDV currently has the higher Sharpe Ratio (2.24 vs 1.34), 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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