GPIQ vs. QEW

Last updated Jun 24, 2026

GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and QEW (Invesco QQQ Equal Weight ETF) are both Nasdaq-100 funds. GPIQ is actively managed, while QEW is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. GPIQ charges 0.29%/yr vs 0.25%/yr for QEW.

Performance

GPIQ vs. QEW - 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 Invesco QQQ Equal Weight ETF (QEW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GPIQ

• 1D: -2.96%
• 1M: -0.00%
• YTD: 14.86%
• 6M: 13.78%
• 1Y: 32.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QEW

• 1D: -2.01%
• 1M: 1.99%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GPIQ vs. QEW - Yearly Performance Comparison

	2026 (YTD)
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	15.05%
QEW Invesco QQQ Equal Weight ETF	17.75%

Correlation

The correlation between GPIQ and QEW is 0.92, 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 Mar 18, 2026	0.92

Return for Risk

GPIQ vs. QEW — Risk / Return Rank

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

GPIQ

GPIQ Risk / Return Rank: 69
GPIQ Sharpe Ratio Rank: 68
GPIQ Sortino Ratio Rank: 62
GPIQ Omega Ratio Rank: 68
GPIQ Calmar Ratio Rank: 70
GPIQ Martin Ratio Rank: 77

QEW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. QEW - 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 Invesco QQQ Equal Weight ETF (QEW). 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	QEW	Difference
Sharpe ratio: Return per unit of total volatility	2.12	—	—
Sortino ratio: Return per unit of downside risk	2.79	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	3.38	—	—
Martin ratio: Return relative to average drawdown	14.28	—	—

Drawdowns

GPIQ vs. QEW - Drawdown Comparison

The maximum GPIQ drawdown since its inception was -21.06%, which is greater than QEW's maximum drawdown of -5.87%. Use the drawdown chart below to compare losses from any high point for GPIQ and QEW.

Drawdown Indicators

	GPIQ	QEW	Difference
Max Drawdown Largest peak-to-trough decline	-21.06%	-5.87%	-15.19%
Max Drawdown (1Y) Largest decline over 1 year	-9.51%	—	—
Current Drawdown Current decline from peak	-3.21%	-3.04%	-0.17%
Average Drawdown Average peak-to-trough decline	-2.27%	-1.11%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	—	—

Volatility

Volatility by Period

	GPIQ	QEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.17%	20.39%	-5.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.88%	20.39%	-2.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.88%	20.39%	-2.51%

GPIQ vs. QEW - Expense Ratio Comparison

GPIQ has a 0.29% expense ratio, which is higher than QEW's 0.25% expense ratio.

Dividends

GPIQ vs. QEW - Dividend Comparison

GPIQ's dividend yield for the trailing twelve months is around 9.60%, more than QEW's 0.11% yield.

Position	TTM	2025	2024	2023
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.60%	9.81%	9.18%	1.74%
QEW Invesco QQQ Equal Weight ETF	0.11%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GPIQ and QEW in my portfolio?

With a correlation of 0.92, GPIQ and QEW 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 ETF is better, GPIQ or QEW?

On fees, QEW is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GPIQ or QEW?

QEW is cheaper with a 0.25% expense ratio, compared with 0.29% for GPIQ.

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

GPIQ has the higher dividend yield at 9.60%, compared with 0.11% for QEW.

What is the main difference between GPIQ and QEW?

They also come from different issuers: Goldman Sachs and Invesco. Their fees differ too: 0.29% for GPIQ and 0.25% for QEW.