GPIQ vs. SPYD
Compare and contrast key facts about Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
GPIQ and SPYD 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. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GPIQ or SPYD.
Performance
GPIQ vs. SPYD - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with GPIQ having a 21.71% return and SPYD slightly higher at 22.20%.
GPIQ
21.71%
2.15%
10.52%
26.45%
N/A
N/A
SPYD
22.20%
1.64%
18.06%
35.66%
8.75%
N/A
Key characteristics
| GPIQ | SPYD | |
|---|---|---|
| Sharpe Ratio | 1.84 | 2.77 |
| Sortino Ratio | 2.47 | 3.83 |
| Omega Ratio | 1.35 | 1.50 |
| Calmar Ratio | 2.32 | 2.30 |
| Martin Ratio | 9.40 | 18.40 |
| Ulcer Index | 2.87% | 1.97% |
| Daily Std Dev | 14.64% | 13.05% |
| Max Drawdown | -11.66% | -46.42% |
| Current Drawdown | -1.13% | 0.00% |
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GPIQ vs. SPYD - Expense Ratio Comparison
GPIQ has a 0.29% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Correlation
The correlation between GPIQ and SPYD is 0.24, 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. SPYD - 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 SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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. SPYD - Dividend Comparison
GPIQ's dividend yield for the trailing twelve months is around 9.89%, more than SPYD's 3.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 3.99% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% |
Drawdowns
GPIQ vs. SPYD - Drawdown Comparison
The maximum GPIQ drawdown since its inception was -11.66%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for GPIQ and SPYD. For additional features, visit the drawdowns tool.
Volatility
GPIQ vs. SPYD - Volatility Comparison
Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a higher volatility of 4.43% compared to SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 3.38%. This indicates that GPIQ's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.