GTIP vs. GPIQ
GTIP (Goldman Sachs Access Inflation Protected USD Bond ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - GTIP is a Inflation-Protected Bonds fund tracking the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. GTIP is passively managed, while GPIQ is actively managed. Over the past year, GTIP returned 5.10% vs 37.50% for GPIQ. At a 0.10 correlation, their price movements are largely independent. GTIP charges 0.12%/yr vs 0.29%/yr for GPIQ.
Performance
GTIP vs. GPIQ - Performance Comparison
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Returns By Period
In the year-to-date period, GTIP achieves a 1.70% return, which is significantly lower than GPIQ's 18.30% return.
GTIP
- 1D
- -0.08%
- 1M
- 0.04%
- YTD
- 1.70%
- 6M
- 1.11%
- 1Y
- 5.10%
- 3Y*
- 4.01%
- 5Y*
- 1.09%
- 10Y*
- —
GPIQ
- 1D
- -0.19%
- 1M
- 8.51%
- YTD
- 18.30%
- 6M
- 17.64%
- 1Y
- 37.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GTIP vs. GPIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 1.70% | 6.63% | 2.04% | 4.88% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 18.30% | 19.77% | 23.22% | 15.38% |
Correlation
The correlation between GTIP and GPIQ is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.10 |
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Return for Risk
GTIP vs. GPIQ — Risk / Return Rank
GTIP
GPIQ
GTIP vs. GPIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) 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.
| GTIP | GPIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.51 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 3.96 | -1.42 |
| Martin ratioReturn relative to average drawdown | 8.00 | 17.48 | -9.48 |
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
| GTIP | GPIQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 2.81 | -1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.78 | -1.23 |
Drawdowns
GTIP vs. GPIQ - Drawdown Comparison
The maximum GTIP drawdown since its inception was -14.31%, smaller than the maximum GPIQ drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for GTIP and GPIQ.
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Drawdown Indicators
| GTIP | GPIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -21.06% | +6.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -9.51% | +7.49% |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | -0.19% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -2.27% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 2.15% | -1.51% |
Volatility
GTIP vs. GPIQ - Volatility Comparison
The current volatility for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) is 0.97%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 3.39%. This indicates that GTIP 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.
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Volatility by Period
| GTIP | GPIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 3.39% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 10.44% | -8.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 13.40% | -10.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 17.47% | -11.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 17.47% | -11.46% |
GTIP vs. GPIQ - Expense Ratio Comparison
GTIP has a 0.12% expense ratio, which is lower than GPIQ's 0.29% expense ratio.
Dividends
GTIP vs. GPIQ - Dividend Comparison
GTIP's dividend yield for the trailing twelve months is around 4.69%, less than GPIQ's 9.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 4.69% | 4.58% | 3.52% | 2.77% | 6.47% | 3.82% | 1.04% | 2.34% | 0.66% |
Frequently Asked Questions
GTIP and GPIQ have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GPIQ has higher volatility (3.39%) compared to GTIP (0.97%). In terms of maximum drawdown, GTIP dropped -14.31% vs GPIQ's -21.06%.
On 1-year performance, GPIQ leads with 37.50% vs 5.10% for GTIP. On fees, GTIP is cheaper at 0.12% per year. On volatility, GTIP has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GPIQ has performed better with a 37.50% return vs 5.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GTIP is cheaper with a 0.12% expense ratio, compared with 0.29% for GPIQ.
GPIQ has the higher dividend yield at 9.32%, compared with 4.69% for GTIP.
GTIP is categorized as Inflation-Protected Bonds, while GPIQ is Nasdaq-100. Their fees differ too: 0.12% for GTIP and 0.29% for GPIQ.
GPIQ currently has the higher Sharpe Ratio (2.81 vs 1.53), 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.
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