GUG vs. GPIQ
GUG (Guggenheim Active Allocation Fund) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both funds - GUG is a Tactical Allocation fund actively managed by Guggenheim, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. Both are actively managed. Over the past year, GUG returned 13.63% vs 37.50% for GPIQ. At a 0.29 correlation, their price movements are largely independent. GUG charges 3.86%/yr vs 0.29%/yr for GPIQ.
Performance
GUG vs. GPIQ - Performance Comparison
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Returns By Period
In the year-to-date period, GUG achieves a 7.15% return, which is significantly lower than GPIQ's 18.30% return.
GUG
- 1D
- -1.37%
- 1M
- -0.00%
- YTD
- 7.15%
- 6M
- 7.28%
- 1Y
- 13.63%
- 3Y*
- 14.85%
- 5Y*
- —
- 10Y*
- —
GPIQ
- 1D
- -0.19%
- 1M
- 8.51%
- YTD
- 18.30%
- 6M
- 17.64%
- 1Y
- 37.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUG vs. GPIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GUG Guggenheim Active Allocation Fund | 7.15% | 13.12% | 11.46% | 16.16% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 18.30% | 19.77% | 23.22% | 15.38% |
Correlation
The correlation between GUG and GPIQ is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.29 |
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Return for Risk
GUG vs. GPIQ — Risk / Return Rank
GUG
GPIQ
GUG vs. GPIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Active Allocation Fund (GUG) 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.
| GUG | GPIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.51 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 3.96 | -2.20 |
| Martin ratioReturn relative to average drawdown | 5.19 | 17.48 | -12.29 |
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
| GUG | GPIQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 2.81 | -1.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 1.78 | -1.55 |
Drawdowns
GUG vs. GPIQ - Drawdown Comparison
The maximum GUG drawdown since its inception was -32.78%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for GUG and GPIQ.
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Drawdown Indicators
| GUG | GPIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.78% | -21.06% | -11.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -9.51% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -12.10% | — | — |
Current DrawdownCurrent decline from peak | -3.00% | -0.19% | -2.81% |
Average DrawdownAverage peak-to-trough decline | -11.62% | -2.27% | -9.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.15% | +0.48% |
Volatility
GUG vs. GPIQ - Volatility Comparison
Guggenheim Active Allocation Fund (GUG) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) have volatilities of 3.32% and 3.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GUG | GPIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 3.39% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.05% | 10.44% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.30% | 13.40% | -2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 17.47% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.52% | 17.47% | +0.05% |
GUG vs. GPIQ - Expense Ratio Comparison
GUG has a 3.86% expense ratio, which is higher than GPIQ's 0.29% expense ratio.
Dividends
GUG vs. GPIQ - Dividend Comparison
GUG's dividend yield for the trailing twelve months is around 9.01%, less than GPIQ's 9.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.32% | 9.81% | 9.18% | 1.74% | 0.00% |
GUG Guggenheim Active Allocation Fund | 9.01% | 9.30% | 9.58% | 9.72% | 9.71% |
Frequently Asked Questions
GUG and GPIQ have a correlation of 0.25, 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 GUG (3.32%). In terms of maximum drawdown, GUG dropped -32.78% vs GPIQ's -21.06%.
GPIQ currently has the higher Sharpe Ratio (2.81 vs 1.21), 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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