GSSC vs. GPIQ

Last updated Aug 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 36.16% vs 25.84% for GPIQ. Their 0.64 correlation means they have sometimes moved together and sometimes differently. 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 20.74% return, which is significantly higher than GPIQ's 13.18% return.

GSSC

• 1D: 1.91%
• 1M: 0.62%
• 6M: 14.82%
• YTD: 20.74%
• 1Y: 36.16%
• 3Y*: 16.16%
• 5Y*: 9.16%
• 10Y*: —
• ALL TIME*: 10.74%

GPIQ

• 1D: 1.36%
• 1M: -1.54%
• 6M: 10.62%
• YTD: 13.18%
• 1Y: 25.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	$89.39M	$82.61M	$83.97M
GSSC Goldman Sachs ActiveBeta US Small Cap Equity ETF	$4.32M	$3.92M	$3.01M

GSSC vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GSSC Goldman Sachs ActiveBeta US Small Cap Equity ETF	20.74%	10.76%	11.14%	21.45%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	13.18%	19.77%	23.22%	15.17%

Correlation

The correlation between GSSC and GPIQ is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.64

The correlation between GSSC and GPIQ has been stable across timeframes, ranging from 0.64 to 0.67 - a consistent structural relationship.

GSSC vs. GPIQ - Sectors Allocation Comparison

Sectors	GSSC	GPIQ
Healthcare	21.1%	3.7%
Financial Services	17.0%	0.2%
Technology	15.6%	60.7%
Industrials	13.2%	4.2%
Consumer Cyclical	10.4%	10.1%
Real Estate	5.2%	0.1%
Energy	5.1%	0.5%
Consumer Defensive	4.0%	6.4%
Basic Materials	3.7%	1.1%
Communication Services	2.6%	11.8%
Utilities	2.2%	1.4%

Return for Risk

GSSC vs. GPIQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GSSC

GSSC Risk / Return Rank: 81
GSSC Sharpe Ratio Rank: 81
GSSC Sortino Ratio Rank: 82
GSSC Omega Ratio Rank: 76
GSSC Calmar Ratio Rank: 85
GSSC Martin Ratio Rank: 82

GPIQ

GPIQ Risk / Return Rank: 69
GPIQ Sharpe Ratio Rank: 66
GPIQ Sortino Ratio Rank: 64
GPIQ Omega Ratio Rank: 64
GPIQ Calmar Ratio Rank: 76
GPIQ Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	GSSC	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.56	+0.41
Sortino ratio: Return per unit of downside risk	2.81	2.15	+0.66
Omega ratio: Gain probability vs. loss probability	1.33	1.28	+0.06
Calmar ratio: Return relative to maximum drawdown	3.44	2.73	+0.71
Martin ratio: Return relative to average drawdown	11.64	9.62	+2.02

GSSC vs. GPIQ - Sharpe Ratio Comparison

The current GSSC Sharpe Ratio is 1.97, which is comparable to the GPIQ Sharpe Ratio of 1.56. 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.

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	-0.45%	-4.62%	+4.17%
Average Drawdown Average peak-to-trough decline	-8.88%	-2.34%	-6.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	2.69%	+0.42%

Volatility

GSSC vs. GPIQ - Volatility Comparison

The current volatility for Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) is 4.21%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 6.41%. This indicates that GSSC experiences smaller price fluctuations and is considered to be less risky 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	4.21%	6.41%	-2.20%
Volatility (6M) Calculated over the trailing 6-month period	13.26%	14.11%	-0.85%
Volatility (1Y) Calculated over the trailing 1-year period	18.47%	16.68%	+1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.18%	18.06%	+3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.91%	18.06%	+4.85%

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 1.03%, less than GPIQ's 10.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	10.15%	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	1.03%	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 0.67, 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?

GPIQ has higher volatility (6.41%) compared to GSSC (4.21%). 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, GSSC leads with 36.16% vs 25.84% for GPIQ. On fees, GSSC is cheaper at 0.20% per year. On volatility, GSSC has been the lower-risk option at 4.21%. 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, GSSC has performed better with a 36.16% return vs 25.84%. 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 10.15%, compared with 1.03% 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?

GSSC currently has the higher Sharpe Ratio (1.97 vs 1.56), 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.