GPIQ vs. VOO
Compare and contrast key facts about Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and Vanguard S&P 500 ETF (VOO).
GPIQ and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GPIQ or VOO.
Key characteristics
| GPIQ | VOO | |
|---|---|---|
| YTD Return | 23.10% | 27.26% |
| 1Y Return | 30.90% | 37.86% |
| Sharpe Ratio | 2.26 | 3.25 |
| Sortino Ratio | 3.00 | 4.31 |
| Omega Ratio | 1.43 | 1.61 |
| Calmar Ratio | 2.85 | 4.74 |
| Martin Ratio | 11.62 | 21.63 |
| Ulcer Index | 2.86% | 1.85% |
| Daily Std Dev | 14.64% | 12.25% |
| Max Drawdown | -11.66% | -33.99% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between GPIQ and VOO is 0.90, 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. VOO - Performance Comparison
In the year-to-date period, GPIQ achieves a 23.10% return, which is significantly lower than VOO's 27.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GPIQ vs. VOO - Expense Ratio Comparison
GPIQ has a 0.29% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
GPIQ vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
GPIQ's dividend yield for the trailing twelve months is around 9.78%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.78% | 1.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
GPIQ vs. VOO - Drawdown Comparison
The maximum GPIQ drawdown since its inception was -11.66%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GPIQ and VOO. For additional features, visit the drawdowns tool.
Volatility
GPIQ vs. VOO - Volatility Comparison
Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a higher volatility of 4.23% compared to Vanguard S&P 500 ETF (VOO) at 3.92%. This indicates that GPIQ's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.