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GPIQ vs. QQQI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

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

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
9.92%
8.94%
GPIQ
QQQI

Returns By Period


GPIQ

YTD

21.26%

1M

1.88%

6M

9.92%

1Y

26.52%

5Y (annualized)

N/A

10Y (annualized)

N/A

QQQI

YTD

N/A

1M

0.64%

6M

8.95%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


GPIQQQQI
Daily Std Dev14.66%14.59%
Max Drawdown-11.66%-10.67%
Current Drawdown-1.50%-2.19%

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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.


QQQI
NEOS Nasdaq 100 High Income ETF
Expense ratio chart for QQQI: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%
Expense ratio chart for GPIQ: current value at 0.29% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.29%

Correlation

-0.50.00.51.00.9

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.

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.


Sharpe ratio
The chart of Sharpe ratio for GPIQ, currently valued at 1.75, compared to the broader market0.002.004.001.75
The chart of Sortino ratio for GPIQ, currently valued at 2.36, compared to the broader market-2.000.002.004.006.008.0010.0012.002.36
The chart of Omega ratio for GPIQ, currently valued at 1.33, compared to the broader market0.501.001.502.002.503.001.33
The chart of Calmar ratio for GPIQ, currently valued at 2.20, compared to the broader market0.005.0010.0015.002.20
The chart of Martin ratio for GPIQ, currently valued at 8.92, compared to the broader market0.0020.0040.0060.0080.00100.008.92
GPIQ
QQQI

Chart placeholderNot enough data

Dividends

GPIQ vs. QQQI - Dividend Comparison

GPIQ's dividend yield for the trailing twelve months is around 9.93%, less than QQQI's 10.61% yield.


TTM2023
GPIQ
Goldman Sachs Nasdaq-100 Core Premium Income ETF
9.93%1.74%
QQQI
NEOS Nasdaq 100 High Income ETF
10.61%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.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.50%
-2.19%
GPIQ
QQQI

Volatility

GPIQ vs. QQQI - Volatility Comparison

Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a higher volatility of 4.63% compared to NEOS Nasdaq 100 High Income ETF (QQQI) at 4.10%. 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.


2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
4.63%
4.10%
GPIQ
QQQI