GPIQ vs. QQQI
Compare and contrast key facts about Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and NEOS Nasdaq 100 High Income ETF (QQQI).
GPIQ and QQQI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GPIQ is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023. QQQI is an actively managed fund by Neos Investments. It was launched on Jan 30, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GPIQ or QQQI.
Key characteristics
| GPIQ | QQQI | |
|---|---|---|
| Daily Std Dev | 14.62% | 14.61% |
| Max Drawdown | -11.66% | -10.67% |
| Current Drawdown | -0.12% | -0.06% |
Correlation
The correlation between GPIQ and QQQI is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GPIQ vs. QQQI - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GPIQ vs. QQQI - Expense Ratio Comparison
GPIQ has a 0.29% expense ratio, which is lower than QQQI's 0.68% expense ratio.
Risk-Adjusted Performance
GPIQ vs. QQQI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and NEOS Nasdaq 100 High Income ETF (QQQI). 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.
Not enough dataDividends
GPIQ vs. QQQI - Dividend Comparison
GPIQ's dividend yield for the trailing twelve months is around 9.79%, less than QQQI's 10.38% yield.
| TTM | 2023 | |
|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.79% | 1.74% |
QQQI NEOS Nasdaq 100 High Income ETF | 10.38% | 0.00% |
Drawdowns
GPIQ vs. QQQI - Drawdown Comparison
The maximum GPIQ drawdown since its inception was -11.66%, which is greater than QQQI's maximum drawdown of -10.67%. Use the drawdown chart below to compare losses from any high point for GPIQ and QQQI. For additional features, visit the drawdowns tool.
Volatility
GPIQ vs. QQQI - Volatility Comparison
Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a higher volatility of 4.21% compared to NEOS Nasdaq 100 High Income ETF (QQQI) at 3.62%. This indicates that GPIQ's price experiences larger fluctuations and is considered to be riskier than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.