GSSC vs. GPIQ

Last updated Jun 4, 2026

GSSC (Goldman Sachs ActiveBeta US Small Cap Equity ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - GSSC is a Small Cap Growth Equities fund tracking the Goldman Sachs ActiveBeta U.S. Small Cap Equity Index, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. GSSC is passively managed, while GPIQ is actively managed. Over the past year, GSSC returned 30.39% vs 37.50% for GPIQ. A 0.64 correlation means they provide meaningful diversification when combined. GSSC charges 0.20%/yr vs 0.29%/yr for GPIQ.

Performance

GSSC vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) 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, GSSC achieves a 13.55% return, which is significantly lower than GPIQ's 18.30% return.

GSSC

• 1D: -1.21%
• 1M: 3.24%
• YTD: 13.55%
• 6M: 13.10%
• 1Y: 30.39%
• 3Y*: 16.72%
• 5Y*: 7.20%
• 10Y*: —

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)

GSSC vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GSSC Goldman Sachs ActiveBeta US Small Cap Equity ETF	13.55%	10.76%	11.14%	21.19%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	18.30%	19.77%	23.22%	15.38%

Correlation

The correlation between GSSC and GPIQ is 0.68, 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	0.68
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023	0.64

The correlation between GSSC and GPIQ has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.

GSSC vs. GPIQ - Sectors Allocation Comparison

Sectors	GSSC	GPIQ
Industrials	17.7%	2.9%
Financial Services	16.9%	0.2%
Healthcare	16.8%	4.2%
Technology	16.1%	53.8%
Consumer Cyclical	10.6%	12.3%
Energy	4.8%	0.6%
Real Estate	4.3%	0.1%
Consumer Defensive	4.0%	7.7%
Basic Materials	3.9%	1.1%
Communication Services	2.7%	15.8%
Utilities	2.2%	1.4%

Return for Risk

GSSC vs. GPIQ — Risk / Return Rank

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

GSSC

GSSC Risk / Return Rank: 51
GSSC Sharpe Ratio Rank: 47
GSSC Sortino Ratio Rank: 48
GSSC Omega Ratio Rank: 44
GSSC Calmar Ratio Rank: 59
GSSC Martin Ratio Rank: 56

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.

GSSC vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) 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.

	GSSC	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	1.65	2.81	-1.17
Sortino ratio: Return per unit of downside risk	2.37	3.71	-1.35
Omega ratio: Gain probability vs. loss probability	1.28	1.51	-0.22
Calmar ratio: Return relative to maximum drawdown	2.89	3.96	-1.07
Martin ratio: Return relative to average drawdown	9.64	17.48	-7.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSSC vs. GPIQ - Sharpe Ratio Comparison

The current GSSC Sharpe Ratio is 1.65, which is lower than the GPIQ Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of GSSC 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

	GSSC	GPIQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	2.81	-1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	1.78	-1.34

Drawdowns

GSSC vs. GPIQ - Drawdown Comparison

The maximum GSSC drawdown since its inception was -41.38%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for GSSC and GPIQ.

Drawdown Indicators

	GSSC	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-41.38%	-21.06%	-20.32%
Max Drawdown (1Y) Largest decline over 1 year	-10.56%	-9.51%	-1.05%
Max Drawdown (3Y) Largest decline over 3 years	-26.05%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.81%	—	—
Current Drawdown Current decline from peak	-1.21%	-0.19%	-1.02%
Average Drawdown Average peak-to-trough decline	-9.02%	-2.27%	-6.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	2.15%	+1.01%

Volatility

GSSC vs. GPIQ - Volatility Comparison

Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) has a higher volatility of 5.31% compared to Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) at 3.39%. This indicates that GSSC'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

	GSSC	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.31%	3.39%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	12.82%	10.44%	+2.38%
Volatility (1Y) Calculated over the trailing 1-year period	18.58%	13.40%	+5.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.26%	17.47%	+3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.02%	17.47%	+5.55%

GSSC vs. GPIQ - Expense Ratio Comparison

GSSC has a 0.20% expense ratio, which is lower than GPIQ's 0.29% expense ratio.

Dividends

GSSC vs. GPIQ - Dividend Comparison

GSSC's dividend yield for the trailing twelve months is around 1.07%, less than GPIQ's 9.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
GSSC Goldman Sachs ActiveBeta US Small Cap Equity ETF	1.07%	1.17%	1.42%	1.33%	1.31%	1.00%	0.94%	1.24%	1.21%	0.73%

Frequently Asked Questions

Can I hold both GSSC and GPIQ in my portfolio?

GSSC and GPIQ have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSSC or GPIQ?

GSSC has higher volatility (5.31%) compared to GPIQ (3.39%). In terms of maximum drawdown, GSSC dropped -41.38% vs GPIQ's -21.06%.

Which ETF is better, GSSC or GPIQ?

On 1-year performance, GPIQ leads with 37.50% vs 30.39% for GSSC. On fees, GSSC is cheaper at 0.20% 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, GSSC or GPIQ?

Over the 1-year period, GPIQ has performed better with a 37.50% return vs 30.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSSC or GPIQ?

GSSC is cheaper with a 0.20% expense ratio, compared with 0.29% for GPIQ.

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

GPIQ has the higher dividend yield at 9.32%, compared with 1.07% for GSSC.

What is the main difference between GSSC and GPIQ?

GSSC is categorized as Small Cap Growth Equities, while GPIQ is Nasdaq-100. Their fees differ too: 0.20% for GSSC and 0.29% for GPIQ.

Which has better risk-adjusted returns?

GPIQ currently has the higher Sharpe Ratio (2.81 vs 1.65), 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.