GPIQ vs. SCHD
Compare and contrast key facts about Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and Schwab US Dividend Equity ETF (SCHD).
GPIQ and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GPIQ or SCHD.
Performance
GPIQ vs. SCHD - Performance Comparison
Returns By Period
In the year-to-date period, GPIQ achieves a 21.71% return, which is significantly higher than SCHD's 17.35% return.
GPIQ
21.71%
2.15%
10.52%
26.45%
N/A
N/A
SCHD
17.35%
2.29%
13.68%
26.18%
12.87%
11.54%
Key characteristics
| GPIQ | SCHD | |
|---|---|---|
| Sharpe Ratio | 1.84 | 2.40 |
| Sortino Ratio | 2.47 | 3.44 |
| Omega Ratio | 1.35 | 1.42 |
| Calmar Ratio | 2.32 | 3.63 |
| Martin Ratio | 9.40 | 12.99 |
| Ulcer Index | 2.87% | 2.05% |
| Daily Std Dev | 14.64% | 11.09% |
| Max Drawdown | -11.66% | -33.37% |
| Current Drawdown | -1.13% | -0.62% |
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GPIQ vs. SCHD - Expense Ratio Comparison
GPIQ has a 0.29% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Correlation
The correlation between GPIQ and SCHD is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
GPIQ vs. SCHD - 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 Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
GPIQ's dividend yield for the trailing twelve months is around 9.89%, more than SCHD's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.89% | 1.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 3.37% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
GPIQ vs. SCHD - Drawdown Comparison
The maximum GPIQ drawdown since its inception was -11.66%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for GPIQ and SCHD. For additional features, visit the drawdowns tool.
Volatility
GPIQ vs. SCHD - Volatility Comparison
Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a higher volatility of 4.43% compared to Schwab US Dividend Equity ETF (SCHD) at 3.48%. This indicates that GPIQ's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.