GPIQ vs. IQQQ

Last updated Jun 9, 2026

GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both Nasdaq-100 funds. GPIQ is actively managed, while IQQQ is passively managed. Over the past year, GPIQ returned 33.04% vs 32.80% for IQQQ. With a 0.98 correlation, they move nearly in lockstep. GPIQ charges 0.29%/yr vs 0.55%/yr for IQQQ.

Performance

GPIQ vs. IQQQ - 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 ProShares Nasdaq-100 High Income ETF (IQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GPIQ having a 14.88% return and IQQQ slightly lower at 14.23%.

GPIQ

• 1D: 1.46%
• 1M: 0.97%
• YTD: 14.88%
• 6M: 14.06%
• 1Y: 33.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IQQQ

• 1D: 1.38%
• 1M: 0.79%
• YTD: 14.23%
• 6M: 12.90%
• 1Y: 32.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GPIQ vs. IQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	14.88%	19.77%	14.54%
IQQQ ProShares Nasdaq-100 High Income ETF	14.23%	17.11%	13.39%

Correlation

The correlation between GPIQ and IQQQ is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024	0.98

The correlation between GPIQ and IQQQ has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

GPIQ vs. IQQQ - Sectors Allocation Comparison

Sectors	GPIQ	IQQQ
Technology	53.8%	53.8%
Communication Services	15.8%	15.8%
Consumer Cyclical	12.3%	12.3%
Consumer Defensive	7.7%	7.7%
Healthcare	4.2%	4.2%
Industrials	2.9%	2.8%
Utilities	1.4%	1.4%
Basic Materials	1.1%	1.1%
Energy	0.6%	0.6%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

GPIQ vs. IQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GPIQ

GPIQ Risk / Return Rank: 79
GPIQ Sharpe Ratio Rank: 81
GPIQ Sortino Ratio Rank: 76
GPIQ Omega Ratio Rank: 80
GPIQ Calmar Ratio Rank: 75
GPIQ Martin Ratio Rank: 83

IQQQ

IQQQ Risk / Return Rank: 65
IQQQ Sharpe Ratio Rank: 69
IQQQ Sortino Ratio Rank: 63
IQQQ Omega Ratio Rank: 65
IQQQ Calmar Ratio Rank: 65
IQQQ Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GPIQ vs. IQQQ - 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 ProShares Nasdaq-100 High Income ETF (IQQQ). 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	IQQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.04	+0.32
Sortino ratio: Return per unit of downside risk	3.06	2.61	+0.45
Omega ratio: Gain probability vs. loss probability	1.43	1.35	+0.08
Calmar ratio: Return relative to maximum drawdown	3.49	2.96	+0.53
Martin ratio: Return relative to average drawdown	15.21	10.42	+4.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GPIQ vs. IQQQ - Sharpe Ratio Comparison

The current GPIQ Sharpe Ratio is 2.36, which is comparable to the IQQQ Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of GPIQ and IQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GPIQ	IQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	2.04	+0.32
Sharpe Ratio (All Time) Calculated using the full available price history	1.67	1.11	+0.57

Drawdowns

GPIQ vs. IQQQ - Drawdown Comparison

The maximum GPIQ drawdown since its inception was -21.06%, roughly equal to the maximum IQQQ drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for GPIQ and IQQQ.

Drawdown Indicators

	GPIQ	IQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-21.06%	-20.41%	-0.65%
Max Drawdown (1Y) Largest decline over 1 year	-9.51%	-11.13%	+1.62%
Current Drawdown Current decline from peak	-3.08%	-4.08%	+1.00%
Average Drawdown Average peak-to-trough decline	-2.27%	-3.64%	+1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	3.16%	-0.98%

Volatility

GPIQ vs. IQQQ - Volatility Comparison

The current volatility for Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) is 5.54%, while ProShares Nasdaq-100 High Income ETF (IQQQ) has a volatility of 6.44%. This indicates that GPIQ experiences smaller price fluctuations and is considered to be less risky than IQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPIQ	IQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.54%	6.44%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	11.32%	12.61%	-1.29%
Volatility (1Y) Calculated over the trailing 1-year period	14.07%	16.18%	-2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.63%	18.82%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.63%	18.82%	-1.19%

GPIQ vs. IQQQ - Expense Ratio Comparison

GPIQ has a 0.29% expense ratio, which is lower than IQQQ's 0.55% expense ratio.

Dividends

GPIQ vs. IQQQ - Dividend Comparison

GPIQ's dividend yield for the trailing twelve months is around 9.60%, more than IQQQ's 4.59% yield.

Position	TTM	2025	2024	2023
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.60%	9.81%	9.18%	1.74%
IQQQ ProShares Nasdaq-100 High Income ETF	4.59%	10.34%	7.27%	0.00%

Frequently Asked Questions

Can I hold both GPIQ and IQQQ in my portfolio?

With a correlation of 0.98, GPIQ and IQQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GPIQ or IQQQ?

IQQQ has higher volatility (6.44%) compared to GPIQ (5.54%). In terms of maximum drawdown, GPIQ dropped -21.06% vs IQQQ's -20.41%.

Which ETF is better, GPIQ or IQQQ?

On 1-year performance, GPIQ leads with 33.04% vs 32.80% for IQQQ. On fees, GPIQ is cheaper at 0.29% per year. On volatility, GPIQ has been the lower-risk option at 5.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GPIQ or IQQQ?

Over the 1-year period, GPIQ has performed better with a 33.04% return vs 32.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GPIQ or IQQQ?

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.55% for IQQQ.

Which ETF pays a higher dividend yield, GPIQ or IQQQ?

GPIQ has the higher dividend yield at 9.60%, compared with 4.59% for IQQQ.

What is the main difference between GPIQ and IQQQ?

They also come from different issuers: Goldman Sachs and ProShares. Their fees differ too: 0.29% for GPIQ and 0.55% for IQQQ.

Which has better risk-adjusted returns?

GPIQ currently has the higher Sharpe Ratio (2.36 vs 2.04), 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.