GPIQ vs. NVDA

Last updated Jun 9, 2026

GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) is Nasdaq-100 fund actively managed by Goldman Sachs, while NVDA (NVIDIA Corporation) is a stock. Over the past year, GPIQ returned 33.04% vs 47.43% for NVDA. A 0.70 correlation means they provide meaningful diversification when combined.

Performance

GPIQ vs. NVDA - 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 NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPIQ achieves a 14.88% return, which is significantly higher than NVDA's 12.01% return.

GPIQ

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

NVDA

• 1D: 1.73%
• 1M: -2.94%
• YTD: 12.01%
• 6M: 12.58%
• 1Y: 47.43%
• 3Y*: 75.35%
• 5Y*: 64.54%
• 10Y*: 68.47%

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

GPIQ vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	14.88%	19.77%	23.22%	15.17%
NVDA NVIDIA Corporation	12.01%	38.92%	171.25%	18.54%

Correlation

The correlation between GPIQ and NVDA is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.70

The correlation between GPIQ and NVDA has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.

Return for Risk

GPIQ vs. NVDA — 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

NVDA

NVDA Risk / Return Rank: 77
NVDA Sharpe Ratio Rank: 80
NVDA Sortino Ratio Rank: 75
NVDA Omega Ratio Rank: 73
NVDA Calmar Ratio Rank: 79
NVDA Martin Ratio Rank: 79

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. NVDA - 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 NVIDIA Corporation (NVDA). 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	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	2.36	1.37	+0.99
Sortino ratio: Return per unit of downside risk	3.06	1.94	+1.11
Omega ratio: Gain probability vs. loss probability	1.43	1.24	+0.20
Calmar ratio: Return relative to maximum drawdown	3.49	2.36	+1.13
Martin ratio: Return relative to average drawdown	15.21	5.73	+9.48
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. NVDA - Sharpe Ratio Comparison

The current GPIQ Sharpe Ratio is 2.36, which is higher than the NVDA Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of GPIQ and NVDA, 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	NVDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	1.37	+0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.25	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.67	0.63	+1.05

Drawdowns

GPIQ vs. NVDA - Drawdown Comparison

The maximum GPIQ drawdown since its inception was -21.06%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for GPIQ and NVDA.

Drawdown Indicators

	GPIQ	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-21.06%	-89.72%	+68.66%
Max Drawdown (1Y) Largest decline over 1 year	-9.51%	-20.21%	+10.70%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-66.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.34%	—
Current Drawdown Current decline from peak	-3.08%	-11.39%	+8.31%
Average Drawdown Average peak-to-trough decline	-2.27%	-36.20%	+33.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	8.30%	-6.12%

Volatility

GPIQ vs. NVDA - Volatility Comparison

The current volatility for Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) is 5.54%, while NVIDIA Corporation (NVDA) has a volatility of 13.14%. This indicates that GPIQ experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPIQ	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.54%	13.14%	-7.60%
Volatility (6M) Calculated over the trailing 6-month period	11.32%	26.37%	-15.05%
Volatility (1Y) Calculated over the trailing 1-year period	14.07%	34.81%	-20.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.63%	51.75%	-34.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.63%	49.85%	-32.22%

Dividends

GPIQ vs. NVDA - Dividend Comparison

GPIQ's dividend yield for the trailing twelve months is around 9.60%, more than NVDA's 0.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.60%	9.81%	9.18%	1.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%

Frequently Asked Questions

Can I hold both GPIQ and NVDA in my portfolio?

GPIQ and NVDA have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPIQ or NVDA?

NVDA has higher volatility (13.14%) compared to GPIQ (5.54%). In terms of maximum drawdown, GPIQ dropped -21.06% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

GPIQ currently has the higher Sharpe Ratio (2.36 vs 1.37), 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.