GSPAX vs. QQQ
Compare and contrast key facts about Goldman Sachs U.S. Equity Dividend and Premium Fund Class A (GSPAX) and Invesco QQQ ETF (QQQ).
GSPAX is an actively managed fund by Goldman Sachs. It was launched on Aug 31, 2010. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
GSPAX vs. QQQ - Performance Comparison
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GSPAX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSPAX Goldman Sachs U.S. Equity Dividend and Premium Fund Class A | -6.05% | 13.27% | 29.10% | 21.09% | -15.36% | 22.39% | 13.66% | 24.67% | -6.63% | 14.84% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
The year-to-date returns for both investments are quite close, with GSPAX having a -6.05% return and QQQ slightly higher at -5.93%. Over the past 10 years, GSPAX has underperformed QQQ with an annualized return of 11.04%, while QQQ has yielded a comparatively higher 18.85% annualized return.
GSPAX
- 1D
- -0.37%
- 1M
- -6.87%
- YTD
- -6.05%
- 6M
- -3.16%
- 1Y
- 10.90%
- 3Y*
- 15.89%
- 5Y*
- 10.21%
- 10Y*
- 11.04%
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
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GSPAX vs. QQQ - Expense Ratio Comparison
GSPAX has a 1.01% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
GSPAX vs. QQQ — Risk / Return Rank
GSPAX
QQQ
GSPAX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs U.S. Equity Dividend and Premium Fund Class A (GSPAX) and Invesco QQQ ETF (QQQ). 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.
| GSPAX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 1.05 | -0.34 |
Sortino ratioReturn per unit of downside risk | 1.12 | 1.63 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.71 | 1.88 | -1.16 |
Martin ratioReturn relative to average drawdown | 3.68 | 6.95 | -3.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GSPAX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 1.05 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.58 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.85 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.37 | +0.10 |
Correlation
The correlation between GSPAX and QQQ is 0.87, 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.
Dividends
GSPAX vs. QQQ - Dividend Comparison
GSPAX's dividend yield for the trailing twelve months is around 6.67%, more than QQQ's 0.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSPAX Goldman Sachs U.S. Equity Dividend and Premium Fund Class A | 6.67% | 6.05% | 12.41% | 6.14% | 6.12% | 5.67% | 6.81% | 6.47% | 7.50% | 5.73% | 5.25% | 5.86% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
GSPAX vs. QQQ - Drawdown Comparison
The maximum GSPAX drawdown since its inception was -52.07%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for GSPAX and QQQ.
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Drawdown Indicators
| GSPAX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -82.97% | +30.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.99% | -12.62% | +0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -22.39% | -35.12% | +12.73% |
Max Drawdown (10Y)Largest decline over 10 years | -32.71% | -35.12% | +2.41% |
Current DrawdownCurrent decline from peak | -7.92% | -8.98% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -32.99% | +26.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 3.41% | -0.97% |
Volatility
GSPAX vs. QQQ - Volatility Comparison
The current volatility for Goldman Sachs U.S. Equity Dividend and Premium Fund Class A (GSPAX) is 3.95%, while Invesco QQQ ETF (QQQ) has a volatility of 6.51%. This indicates that GSPAX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSPAX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 6.51% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 12.77% | -5.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.70% | 22.67% | -5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.96% | 22.39% | -6.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 22.25% | -5.39% |