GPIQ vs. VOO

Last updated Jun 20, 2026

GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs, while VOO is a S&P 500 fund tracking the S&P 500 Index. GPIQ is actively managed, while VOO is passively managed. Over the past year, GPIQ returned 36.95% vs 26.79% for VOO. Their correlation of 0.93 suggests significant overlap in exposure. GPIQ charges 0.29%/yr vs 0.03%/yr for VOO.

Performance

GPIQ vs. VOO - 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 Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPIQ achieves a 18.40% return, which is significantly higher than VOO's 10.07% return.

GPIQ

• 1D: 2.03%
• 1M: 3.69%
• YTD: 18.40%
• 6M: 18.25%
• 1Y: 36.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOO

• 1D: 0.98%
• 1M: 0.96%
• YTD: 10.07%
• 6M: 10.31%
• 1Y: 26.79%
• 3Y*: 20.91%
• 5Y*: 14.06%
• 10Y*: 15.55%

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

GPIQ vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	18.40%	19.77%	23.22%	15.17%
VOO Vanguard S&P 500 ETF	10.07%	17.82%	24.98%	14.31%

Correlation

The correlation between GPIQ and VOO is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.93

The correlation between GPIQ and VOO has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

GPIQ vs. VOO - Sectors Allocation Comparison

Sectors	GPIQ	VOO
Technology	58.7%	35.6%
Communication Services	14.1%	11.1%
Consumer Cyclical	11.6%	10.1%
Consumer Defensive	6.4%	4.9%
Healthcare	3.6%	8.5%
Industrials	2.6%	8.0%
Utilities	1.3%	2.8%
Basic Materials	1.0%	1.8%
Energy	0.5%	3.5%
Financial Services	0.2%	11.6%
Real Estate	0.1%	1.9%

Return for Risk

GPIQ vs. VOO — Risk / Return Rank

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

GPIQ

GPIQ Risk / Return Rank: 81
GPIQ Sharpe Ratio Rank: 83
GPIQ Sortino Ratio Rank: 79
GPIQ Omega Ratio Rank: 81
GPIQ Calmar Ratio Rank: 79
GPIQ Martin Ratio Rank: 84

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 68
VOO Omega Ratio Rank: 71
VOO Calmar Ratio Rank: 64
VOO Martin Ratio Rank: 76

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. VOO - 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 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.

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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.50	2.18	+0.32
Sortino ratio: Return per unit of downside risk	3.27	2.93	+0.34
Omega ratio: Gain probability vs. loss probability	1.45	1.39	+0.06
Calmar ratio: Return relative to maximum drawdown	3.90	3.02	+0.88
Martin ratio: Return relative to average drawdown	16.54	13.61	+2.92

GPIQ vs. VOO - Sharpe Ratio Comparison

The current GPIQ Sharpe Ratio is 2.50, which is comparable to the VOO Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of GPIQ and VOO, 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. VOO - Drawdown Comparison

The maximum GPIQ drawdown since its inception was -21.06%, 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.

Drawdown Indicators

	GPIQ	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-21.06%	-33.99%	+12.93%
Max Drawdown (1Y) Largest decline over 1 year	-9.51%	-8.90%	-0.61%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-0.22%	-1.45%	+1.23%
Average Drawdown Average peak-to-trough decline	-2.27%	-3.68%	+1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	1.97%	+0.27%

Volatility

GPIQ vs. VOO - Volatility Comparison

Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a higher volatility of 7.18% compared to Vanguard S&P 500 ETF (VOO) at 4.69%. 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.

Volatility by Period

	GPIQ	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.18%	4.69%	+2.49%
Volatility (6M) Calculated over the trailing 6-month period	12.32%	9.79%	+2.53%
Volatility (1Y) Calculated over the trailing 1-year period	14.86%	12.37%	+2.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.80%	16.90%	+0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.80%	18.05%	-0.25%

GPIQ vs. VOO - Expense Ratio Comparison

GPIQ has a 0.29% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

GPIQ vs. VOO - Dividend Comparison

GPIQ's dividend yield for the trailing twelve months is around 9.32%, more than VOO's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.32%	9.81%	9.18%	1.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.04%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both GPIQ and VOO in my portfolio?

With a correlation of 0.94, GPIQ and VOO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GPIQ or VOO?

GPIQ has higher volatility (7.18%) compared to VOO (4.69%). In terms of maximum drawdown, GPIQ dropped -21.06% vs VOO's -33.99%.

Which ETF is better, GPIQ or VOO?

On 1-year performance, GPIQ leads with 36.95% vs 26.79% for VOO. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GPIQ or VOO?

Over the 1-year period, GPIQ has performed better with a 36.95% return vs 26.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GPIQ or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.29% for GPIQ.

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

GPIQ has the higher dividend yield at 9.32%, compared with 1.04% for VOO.

What is the main difference between GPIQ and VOO?

GPIQ is categorized as Nasdaq-100, while VOO is S&P 500. They also come from different issuers: Goldman Sachs and Vanguard. Their fees differ too: 0.29% for GPIQ and 0.03% for VOO.

Which has better risk-adjusted returns?

GPIQ currently has the higher Sharpe Ratio (2.50 vs 2.18), 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.