GSIE vs. GPIQ

Last updated Jun 4, 2026

GSIE (Goldman Sachs ActiveBeta International Equity ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - GSIE is a Foreign Large Cap Equities fund tracking the Goldman Sachs ActiveBeta International Equity Index, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. GSIE is passively managed, while GPIQ is actively managed. Over the past year, GSIE returned 19.35% vs 37.50% for GPIQ. A 0.61 correlation means they provide meaningful diversification when combined. GSIE charges 0.25%/yr vs 0.29%/yr for GPIQ.

Performance

GSIE vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs ActiveBeta International Equity ETF (GSIE) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSIE achieves a 6.51% return, which is significantly lower than GPIQ's 18.30% return.

GSIE

• 1D: -0.83%
• 1M: 2.22%
• YTD: 6.51%
• 6M: 9.50%
• 1Y: 19.35%
• 3Y*: 16.74%
• 5Y*: 8.04%
• 10Y*: 9.08%

GPIQ

• 1D: -0.19%
• 1M: 8.51%
• YTD: 18.30%
• 6M: 17.64%
• 1Y: 37.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSIE vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GSIE Goldman Sachs ActiveBeta International Equity ETF	6.51%	32.53%	5.23%	14.36%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	18.30%	19.77%	23.22%	15.38%

Correlation

The correlation between GSIE and GPIQ is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023	0.61

The correlation between GSIE and GPIQ has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

GSIE vs. GPIQ - Sectors Allocation Comparison

Sectors	GSIE	GPIQ
Financial Services	27.1%	0.2%
Industrials	18.0%	2.9%
Technology	9.5%	53.8%
Healthcare	9.1%	4.2%
Consumer Cyclical	9.1%	12.3%
Consumer Defensive	7.2%	7.7%
Basic Materials	5.8%	1.1%
Energy	4.4%	0.6%
Communication Services	3.8%	15.8%
Utilities	3.2%	1.4%
Real Estate	1.2%	0.1%

Return for Risk

GSIE vs. GPIQ — Risk / Return Rank

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

GSIE

GSIE Risk / Return Rank: 38
GSIE Sharpe Ratio Rank: 38
GSIE Sortino Ratio Rank: 38
GSIE Omega Ratio Rank: 37
GSIE Calmar Ratio Rank: 36
GSIE Martin Ratio Rank: 42

GPIQ

GPIQ Risk / Return Rank: 81
GPIQ Sharpe Ratio Rank: 84
GPIQ Sortino Ratio Rank: 81
GPIQ Omega Ratio Rank: 82
GPIQ Calmar Ratio Rank: 77
GPIQ Martin Ratio Rank: 83

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.

GSIE vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta International Equity ETF (GSIE) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). 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.

	GSIE	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	1.38	2.81	-1.44
Sortino ratio: Return per unit of downside risk	1.99	3.71	-1.73
Omega ratio: Gain probability vs. loss probability	1.25	1.51	-0.26
Calmar ratio: Return relative to maximum drawdown	1.81	3.96	-2.15
Martin ratio: Return relative to average drawdown	6.87	17.48	-10.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSIE vs. GPIQ - Sharpe Ratio Comparison

The current GSIE Sharpe Ratio is 1.38, which is lower than the GPIQ Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of GSIE and GPIQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GSIE	GPIQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	2.81	-1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	1.78	-1.27

Drawdowns

GSIE vs. GPIQ - Drawdown Comparison

The maximum GSIE drawdown since its inception was -34.63%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for GSIE and GPIQ.

Drawdown Indicators

	GSIE	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-34.63%	-21.06%	-13.57%
Max Drawdown (1Y) Largest decline over 1 year	-10.76%	-9.51%	-1.25%
Max Drawdown (3Y) Largest decline over 3 years	-13.07%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.97%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.63%	—	—
Current Drawdown Current decline from peak	-2.19%	-0.19%	-2.00%
Average Drawdown Average peak-to-trough decline	-6.06%	-2.27%	-3.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	2.15%	+0.67%

Volatility

GSIE vs. GPIQ - Volatility Comparison

Goldman Sachs ActiveBeta International Equity ETF (GSIE) has a higher volatility of 4.38% compared to Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) at 3.39%. This indicates that GSIE's price experiences larger fluctuations and is considered to be riskier than GPIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSIE	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	3.39%	+0.99%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	10.44%	+1.16%
Volatility (1Y) Calculated over the trailing 1-year period	14.15%	13.40%	+0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.04%	17.47%	-1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.75%	17.47%	-0.72%

GSIE vs. GPIQ - Expense Ratio Comparison

GSIE has a 0.25% expense ratio, which is lower than GPIQ's 0.29% expense ratio.

Dividends

GSIE vs. GPIQ - Dividend Comparison

GSIE's dividend yield for the trailing twelve months is around 2.52%, less than GPIQ's 9.32% 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%
GSIE Goldman Sachs ActiveBeta International Equity ETF	2.52%	2.65%	3.11%	2.87%	3.01%	2.40%	1.60%	2.80%	2.68%	2.31%	2.15%	0.13%

Frequently Asked Questions

Can I hold both GSIE and GPIQ in my portfolio?

GSIE and GPIQ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSIE or GPIQ?

GSIE has higher volatility (4.38%) compared to GPIQ (3.39%). In terms of maximum drawdown, GSIE dropped -34.63% vs GPIQ's -21.06%.

Which ETF is better, GSIE or GPIQ?

On 1-year performance, GPIQ leads with 37.50% vs 19.35% for GSIE. On fees, GSIE is cheaper at 0.25% per year. On volatility, GPIQ has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSIE or GPIQ?

Over the 1-year period, GPIQ has performed better with a 37.50% return vs 19.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSIE or GPIQ?

GSIE is cheaper with a 0.25% expense ratio, compared with 0.29% for GPIQ.

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

GPIQ has the higher dividend yield at 9.32%, compared with 2.52% for GSIE.

What is the main difference between GSIE and GPIQ?

GSIE is categorized as Foreign Large Cap Equities, while GPIQ is Nasdaq-100. Their fees differ too: 0.25% for GSIE and 0.29% for GPIQ.

Which has better risk-adjusted returns?

GPIQ currently has the higher Sharpe Ratio (2.81 vs 1.38), 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.