GTOP vs. GPIQ

Last updated Jun 4, 2026

GTOP (Goldman Sachs Technology Opportunities ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - GTOP is a Technology Equities fund actively managed by Goldman Sachs, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. Both are actively managed. With a 0.95 correlation, they move nearly in lockstep. GTOP charges 0.65%/yr vs 0.29%/yr for GPIQ.

Performance

GTOP vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Technology Opportunities ETF (GTOP) 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, GTOP achieves a 26.56% return, which is significantly higher than GPIQ's 18.30% return.

GTOP

• 1D: -1.04%
• 1M: 13.91%
• YTD: 26.56%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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)

GTOP vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025
GTOP Goldman Sachs Technology Opportunities ETF	26.56%	-1.21%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	18.30%	-0.71%

Correlation

The correlation between GTOP and GPIQ is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025	0.95

Return for Risk

GTOP vs. GPIQ — Risk / Return Rank

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

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.

GTOP vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Technology Opportunities ETF (GTOP) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GTOP	GPIQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.61	1.78	+0.83

Drawdowns

GTOP vs. GPIQ - Drawdown Comparison

The maximum GTOP drawdown since its inception was -14.47%, smaller than the maximum GPIQ drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for GTOP and GPIQ.

Drawdown Indicators

	GTOP	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-14.47%	-21.06%	+6.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.51%	—
Current Drawdown Current decline from peak	-1.04%	-0.19%	-0.85%
Average Drawdown Average peak-to-trough decline	-3.39%	-2.27%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.15%	—

Volatility

Volatility by Period

	GTOP	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.75%	13.40%	+9.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.75%	17.47%	+5.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.75%	17.47%	+5.28%

GTOP vs. GPIQ - Expense Ratio Comparison

GTOP has a 0.65% expense ratio, which is higher than GPIQ's 0.29% expense ratio.

Dividends

GTOP vs. GPIQ - Dividend Comparison

GTOP has not paid dividends to shareholders, while GPIQ's dividend yield for the trailing twelve months is around 9.32%.

Position	TTM	2025	2024	2023
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.32%	9.81%	9.18%	1.74%
GTOP Goldman Sachs Technology Opportunities ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GTOP and GPIQ in my portfolio?

With a correlation of 0.95, GTOP and GPIQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GTOP or GPIQ?

On fees, GPIQ is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GTOP or GPIQ?

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.65% for GTOP.

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

GPIQ has the higher dividend yield at 9.32%, compared with 0.00% for GTOP.

What is the main difference between GTOP and GPIQ?

GTOP is categorized as Technology Equities, while GPIQ is Nasdaq-100. Their fees differ too: 0.65% for GTOP and 0.29% for GPIQ.