GPIQ vs. VLUE

Last updated Jul 26, 2026

GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and VLUE (iShares MSCI USA Value Factor ETF) are both exchange-traded funds - GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs, while VLUE is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index. GPIQ is actively managed, while VLUE is passively managed. Over the past year, GPIQ returned 21.40% vs 71.63% for VLUE. Their 0.65 correlation means they have sometimes moved together and sometimes differently. GPIQ charges 0.29%/yr vs 0.15%/yr for VLUE.

Performance

GPIQ vs. VLUE - 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 iShares MSCI USA Value Factor ETF (VLUE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPIQ achieves a 10.98% return, which is significantly lower than VLUE's 43.48% return.

GPIQ

• 1D: -1.08%
• 1M: -3.82%
• 6M: 9.18%
• YTD: 10.98%
• 1Y: 21.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.03%

VLUE

• 1D: -0.49%
• 1M: -4.86%
• 6M: 35.25%
• YTD: 43.48%
• 1Y: 71.63%
• 3Y*: 29.42%
• 5Y*: 16.55%
• 10Y*: 14.56%
• ALL TIME*: 13.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	$68.84M	$77.85M	$80.88M
VLUE iShares MSCI USA Value Factor ETF	$165.60M	$255.80M	$278.61M

GPIQ vs. VLUE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	10.98%	19.77%	23.22%	15.17%
VLUE iShares MSCI USA Value Factor ETF	43.48%	32.67%	7.25%	17.10%

Correlation

The correlation between GPIQ and VLUE is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.65

The correlation between GPIQ and VLUE shifts across timeframes, from 0.65 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.

GPIQ vs. VLUE - Sectors Allocation Comparison

Sectors	GPIQ	VLUE
Technology	60.6%	43.1%
Communication Services	12.2%	8.7%
Consumer Cyclical	10.6%	9.9%
Consumer Defensive	6.2%	4.2%
Industrials	4.0%	7.9%
Healthcare	3.7%	7.8%
Utilities	1.3%	2.0%
Basic Materials	1.1%	1.2%
Energy	0.5%	2.8%
Financial Services	0.2%	10.6%
Real Estate	0.1%	1.8%

Return for Risk

GPIQ vs. VLUE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GPIQ

GPIQ Risk / Return Rank: 60
GPIQ Sharpe Ratio Rank: 57
GPIQ Sortino Ratio Rank: 53
GPIQ Omega Ratio Rank: 55
GPIQ Calmar Ratio Rank: 65
GPIQ Martin Ratio Rank: 71

VLUE

VLUE Risk / Return Rank: 97
VLUE Sharpe Ratio Rank: 97
VLUE Sortino Ratio Rank: 97
VLUE Omega Ratio Rank: 96
VLUE Calmar Ratio Rank: 97
VLUE Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GPIQ vs. VLUE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and iShares MSCI USA Value Factor ETF (VLUE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GPIQ	VLUE	Difference
Sharpe ratio: Return per unit of total volatility	1.34	3.60	-2.26
Sortino ratio: Return per unit of downside risk	1.85	4.66	-2.80
Omega ratio: Gain probability vs. loss probability	1.24	1.61	-0.37
Calmar ratio: Return relative to maximum drawdown	2.28	7.98	-5.70
Martin ratio: Return relative to average drawdown	8.75	27.87	-19.12

GPIQ vs. VLUE - Sharpe Ratio Comparison

The current GPIQ Sharpe Ratio is 1.34, which is lower than the VLUE Sharpe Ratio of 3.60. The chart below compares the historical Sharpe Ratios of GPIQ and VLUE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GPIQ vs. VLUE - Drawdown Comparison

The maximum GPIQ drawdown since its inception was -21.06%, smaller than the maximum VLUE drawdown of -39.47%. Use the drawdown chart below to compare losses from any high point for GPIQ and VLUE.

Drawdown Indicators

	GPIQ	VLUE	Difference
Max Drawdown Largest peak-to-trough decline	-21.06%	-39.47%	+18.41%
Max Drawdown (1Y) Largest decline over 1 year	-9.51%	-9.04%	-0.47%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.89%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.47%	—
Current Drawdown Current decline from peak	-6.47%	-4.86%	-1.61%
Average Drawdown Average peak-to-trough decline	-2.30%	-5.99%	+3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	2.58%	-0.11%

Volatility

GPIQ vs. VLUE - Volatility Comparison

The current volatility for Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) is 6.13%, while iShares MSCI USA Value Factor ETF (VLUE) has a volatility of 7.20%. This indicates that GPIQ experiences smaller price fluctuations and is considered to be less risky than VLUE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPIQ	VLUE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	7.20%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	13.56%	17.11%	-3.55%
Volatility (1Y) Calculated over the trailing 1-year period	16.22%	20.08%	-3.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.97%	18.29%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.97%	20.00%	-2.03%

GPIQ vs. VLUE - Expense Ratio Comparison

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

Dividends

GPIQ vs. VLUE - Dividend Comparison

GPIQ's dividend yield for the trailing twelve months is around 10.18%, more than VLUE's 1.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	10.18%	9.81%	9.18%	1.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VLUE iShares MSCI USA Value Factor ETF	1.44%	2.11%	2.73%	2.66%	3.18%	2.22%	2.42%	2.61%	2.70%	2.14%	2.07%	2.39%

Frequently Asked Questions

Can I hold both GPIQ and VLUE in my portfolio?

GPIQ and VLUE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPIQ or VLUE?

VLUE has higher volatility (7.20%) compared to GPIQ (6.13%). In terms of maximum drawdown, GPIQ dropped -21.06% vs VLUE's -39.47%.

Which ETF is better, GPIQ or VLUE?

On 1-year performance, VLUE leads with 71.63% vs 21.40% for GPIQ. On fees, VLUE is cheaper at 0.15% per year. On volatility, GPIQ has been the lower-risk option at 6.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GPIQ or VLUE?

Over the 1-year period, VLUE has performed better with a 71.63% return vs 21.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GPIQ or VLUE?

VLUE is cheaper with a 0.15% expense ratio, compared with 0.29% for GPIQ.

Which ETF pays a higher dividend yield, GPIQ or VLUE?

GPIQ has the higher dividend yield at 10.18%, compared with 1.44% for VLUE.

What is the main difference between GPIQ and VLUE?

GPIQ is categorized as Nasdaq-100, while VLUE is Large Cap Value Equities. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.29% for GPIQ and 0.15% for VLUE.

Which has better risk-adjusted returns?

VLUE currently has the higher Sharpe Ratio (3.60 vs 1.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.