GPIQ vs. QQQM
Compare and contrast key facts about Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and Invesco NASDAQ 100 ETF (QQQM).
GPIQ and QQQM 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. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GPIQ or QQQM.
Performance
GPIQ vs. QQQM - Performance Comparison
Returns By Period
In the year-to-date period, GPIQ achieves a 21.71% return, which is significantly lower than QQQM's 23.97% return.
GPIQ
21.71%
2.15%
10.52%
26.45%
N/A
N/A
QQQM
23.97%
1.85%
11.69%
30.48%
N/A
N/A
Key characteristics
| GPIQ | QQQM | |
|---|---|---|
| Sharpe Ratio | 1.84 | 1.79 |
| Sortino Ratio | 2.47 | 2.39 |
| Omega Ratio | 1.35 | 1.32 |
| Calmar Ratio | 2.32 | 2.29 |
| Martin Ratio | 9.40 | 8.32 |
| Ulcer Index | 2.87% | 3.73% |
| Daily Std Dev | 14.64% | 17.34% |
| Max Drawdown | -11.66% | -35.05% |
| Current Drawdown | -1.13% | -1.77% |
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GPIQ vs. QQQM - Expense Ratio Comparison
GPIQ has a 0.29% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Correlation
The correlation between GPIQ and QQQM is 0.98, 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. QQQM - 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 Invesco NASDAQ 100 ETF (QQQM). 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.
Dividends
GPIQ vs. QQQM - Dividend Comparison
GPIQ's dividend yield for the trailing twelve months is around 9.89%, more than QQQM's 0.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.89% | 1.74% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.65% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
GPIQ vs. QQQM - Drawdown Comparison
The maximum GPIQ drawdown since its inception was -11.66%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for GPIQ and QQQM. For additional features, visit the drawdowns tool.
Volatility
GPIQ vs. QQQM - Volatility Comparison
The current volatility for Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) is 4.43%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 5.40%. This indicates that GPIQ experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.