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

Key characteristics


GPIQQQQM
YTD Return23.10%26.13%
1Y Return30.90%36.89%
Sharpe Ratio2.262.29
Sortino Ratio3.003.00
Omega Ratio1.431.41
Calmar Ratio2.852.94
Martin Ratio11.6210.75
Ulcer Index2.86%3.71%
Daily Std Dev14.64%17.31%
Max Drawdown-11.66%-35.05%
Current Drawdown0.00%-0.06%

Correlation

-0.50.00.51.01.0

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.

Performance

GPIQ vs. QQQM - Performance Comparison

In the year-to-date period, GPIQ achieves a 23.10% return, which is significantly lower than QQQM's 26.13% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
13.47%
15.62%
GPIQ
QQQM

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


GPIQ vs. QQQM - Expense Ratio Comparison

GPIQ has a 0.29% expense ratio, which is higher than QQQM's 0.15% expense ratio.


GPIQ
Goldman Sachs Nasdaq-100 Core Premium Income ETF
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%
Expense ratio chart for QQQM: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

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.


GPIQ
Sharpe ratio
The chart of Sharpe ratio for GPIQ, currently valued at 2.26, compared to the broader market-2.000.002.004.006.002.26
Sortino ratio
The chart of Sortino ratio for GPIQ, currently valued at 3.00, compared to the broader market0.005.0010.003.00
Omega ratio
The chart of Omega ratio for GPIQ, currently valued at 1.43, compared to the broader market1.001.502.002.503.001.43
Calmar ratio
The chart of Calmar ratio for GPIQ, currently valued at 2.85, compared to the broader market0.005.0010.0015.002.85
Martin ratio
The chart of Martin ratio for GPIQ, currently valued at 11.62, compared to the broader market0.0020.0040.0060.0080.00100.00120.0011.62
QQQM
Sharpe ratio
The chart of Sharpe ratio for QQQM, currently valued at 2.29, compared to the broader market-2.000.002.004.006.002.29
Sortino ratio
The chart of Sortino ratio for QQQM, currently valued at 3.00, compared to the broader market0.005.0010.003.00
Omega ratio
The chart of Omega ratio for QQQM, currently valued at 1.41, compared to the broader market1.001.502.002.503.001.41
Calmar ratio
The chart of Calmar ratio for QQQM, currently valued at 2.94, compared to the broader market0.005.0010.0015.002.94
Martin ratio
The chart of Martin ratio for QQQM, currently valued at 10.75, compared to the broader market0.0020.0040.0060.0080.00100.00120.0010.75

GPIQ vs. QQQM - Sharpe Ratio Comparison

The current GPIQ Sharpe Ratio is 2.26, which is comparable to the QQQM Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of GPIQ and QQQM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.002.202.402.60Wed 30Thu 31NovemberSat 02Nov 03Mon 04Tue 05Wed 06Thu 07Fri 08Sat 09Nov 10Mon 11
2.26
2.29
GPIQ
QQQM

Dividends

GPIQ vs. QQQM - Dividend Comparison

GPIQ's dividend yield for the trailing twelve months is around 9.78%, more than QQQM's 0.64% yield.


TTM2023202220212020
GPIQ
Goldman Sachs Nasdaq-100 Core Premium Income ETF
9.78%1.74%0.00%0.00%0.00%
QQQM
Invesco NASDAQ 100 ETF
0.64%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.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.06%
GPIQ
QQQM

Volatility

GPIQ vs. QQQM - Volatility Comparison

The current volatility for Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) is 4.23%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 5.16%. 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.


2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
4.23%
5.16%
GPIQ
QQQM