GPIQ vs. QB

Last updated Jun 4, 2026

GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs, while QB is a Defined Outcome fund tracking the Nasdaq-100. GPIQ is actively managed, while QB is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. GPIQ charges 0.29%/yr vs 0.58%/yr for QB.

Performance

GPIQ vs. QB - 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 Dynamic Daily Buffer ETF (QB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPIQ achieves a 18.30% return, which is significantly higher than QB's 10.47% return.

GPIQ

• 1D: -0.19%
• 1M: 8.51%
• YTD: 18.30%
• 6M: 17.64%
• 1Y: 37.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QB

• 1D: -0.19%
• 1M: 2.95%
• YTD: 10.47%
• 6M: 9.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GPIQ vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	18.30%	12.65%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	10.47%	5.77%

Correlation

The correlation between GPIQ and QB is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.81

GPIQ vs. QB - Sectors Allocation Comparison

Sectors	GPIQ	QB
Technology	53.8%	49.9%
Communication Services	15.8%	16.4%
Consumer Cyclical	12.3%	12.5%
Consumer Defensive	7.7%	8.6%
Healthcare	4.2%	5.3%
Industrials	2.9%	3.7%
Utilities	1.4%	1.6%
Basic Materials	1.1%	1.3%
Energy	0.6%	0.6%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

GPIQ vs. QB — Risk / Return Rank

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

GPIQ

GPIQ Risk / Return Rank: 81
GPIQ Sharpe Ratio Rank: 84
GPIQ Sortino Ratio Rank: 81
GPIQ Omega Ratio Rank: 82
GPIQ Calmar Ratio Rank: 77
GPIQ Martin Ratio Rank: 83

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. QB - 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 Dynamic Daily Buffer ETF (QB). 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	QB	Difference
Sharpe ratio: Return per unit of total volatility	2.81	—	—
Sortino ratio: Return per unit of downside risk	3.71	—	—
Omega ratio: Gain probability vs. loss probability	1.51	—	—
Calmar ratio: Return relative to maximum drawdown	3.96	—	—
Martin ratio: Return relative to average drawdown	17.48	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GPIQ	QB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	3.17	-1.38

Drawdowns

GPIQ vs. QB - Drawdown Comparison

The maximum GPIQ drawdown since its inception was -21.06%, which is greater than QB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for GPIQ and QB.

Drawdown Indicators

	GPIQ	QB	Difference
Max Drawdown Largest peak-to-trough decline	-21.06%	-1.83%	-19.23%
Max Drawdown (1Y) Largest decline over 1 year	-9.51%	—	—
Current Drawdown Current decline from peak	-0.19%	-0.30%	+0.11%
Average Drawdown Average peak-to-trough decline	-2.27%	-0.34%	-1.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	—	—

Volatility

Volatility by Period

	GPIQ	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.40%	5.75%	+7.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.47%	5.75%	+11.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.47%	5.75%	+11.72%

GPIQ vs. QB - Expense Ratio Comparison

GPIQ has a 0.29% expense ratio, which is lower than QB's 0.58% expense ratio.

Dividends

GPIQ vs. QB - Dividend Comparison

GPIQ's dividend yield for the trailing twelve months is around 9.32%, more than QB's 0.62% yield.

Position	TTM	2025	2024	2023
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.32%	9.81%	9.18%	1.74%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.62%	0.48%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GPIQ and QB in my portfolio?

GPIQ and QB have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GPIQ or QB?

On fees, GPIQ is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GPIQ or QB?

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.58% for QB.

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

GPIQ has the higher dividend yield at 9.32%, compared with 0.62% for QB.

What is the main difference between GPIQ and QB?

GPIQ is categorized as Nasdaq-100, while QB is Defined Outcome. They also come from different issuers: Goldman Sachs and ProShares. Their fees differ too: 0.29% for GPIQ and 0.58% for QB.