GUSA vs. GPIQ

Last updated Apr 2, 2026

Compare and contrast key facts about Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ).

GUSA and GPIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GUSA is a passively managed fund by Goldman Sachs that tracks the performance of the Solactive GBS United States 1000 Index - Benchmark TR Gross. It was launched on Apr 5, 2022. GPIQ is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023.

Performance

GUSA vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). The values are adjusted to include any dividend payments, if applicable.

GUSA vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF	-3.63%	17.51%	24.46%	16.08%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	-2.85%	19.77%	23.22%	15.38%

Returns By Period

In the year-to-date period, GUSA achieves a -3.63% return, which is significantly lower than GPIQ's -2.85% return.

GUSA

• 1D: 0.80%
• 1M: -4.56%
• YTD: -3.63%
• 6M: -1.66%
• 1Y: 18.26%
• 3Y*: 18.37%
• 5Y*: —
• 10Y*: —

GPIQ

• 1D: 1.08%
• 1M: -2.99%
• YTD: -2.85%
• 6M: 0.19%
• 1Y: 23.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GUSA vs. GPIQ - Expense Ratio Comparison

GUSA has a 0.11% expense ratio, which is lower than GPIQ's 0.29% expense ratio.

GPIQ

Goldman Sachs Nasdaq-100 Core Premium Income ETF

GUSA

Goldman Sachs MarketBeta U.S. 1000 Equity ETF

Return for Risk

GUSA vs. GPIQ — Risk / Return Rank

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

GUSA

GUSA Risk / Return Rank: 56
GUSA Sharpe Ratio Rank: 53
GUSA Sortino Ratio Rank: 55
GUSA Omega Ratio Rank: 58
GUSA Calmar Ratio Rank: 51
GUSA Martin Ratio Rank: 64

GPIQ

GPIQ Risk / Return Rank: 72
GPIQ Sharpe Ratio Rank: 64
GPIQ Sortino Ratio Rank: 70
GPIQ Omega Ratio Rank: 71
GPIQ Calmar Ratio Rank: 75
GPIQ Martin Ratio Rank: 81

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.

GUSA vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) 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.

	GUSA	GPIQ	Difference
Sharpe ratio Return per unit of total volatility	1.01	1.17	-0.15
Sortino ratio Return per unit of downside risk	1.52	1.80	-0.28
Omega ratio Gain probability vs. loss probability	1.23	1.27	-0.04
Calmar ratio Return relative to maximum drawdown	1.47	2.04	-0.57
Martin ratio Return relative to average drawdown	7.11	9.31	-2.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GUSA vs. GPIQ - Sharpe Ratio Comparison

The current GUSA Sharpe Ratio is 1.01, which is comparable to the GPIQ Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of GUSA and GPIQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GUSA	GPIQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	1.17	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	1.31	-0.63

Correlation

The correlation between GUSA and GPIQ is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GUSA vs. GPIQ - Dividend Comparison

GUSA's dividend yield for the trailing twelve months is around 1.11%, less than GPIQ's 10.75% yield.

	TTM	2025	2024	2023	2022
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF	1.11%	0.99%	1.16%	1.36%	1.00%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	10.75%	9.81%	9.18%	1.74%	0.00%

Drawdowns

GUSA vs. GPIQ - Drawdown Comparison

The maximum GUSA drawdown since its inception was -19.61%, smaller than the maximum GPIQ drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for GUSA and GPIQ.

Drawdown Indicators

	GUSA	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-19.61%	-21.06%	+1.45%
Max Drawdown (1Y) Largest decline over 1 year	-12.79%	-12.08%	-0.71%
Current Drawdown Current decline from peak	-5.64%	-5.62%	-0.02%
Average Drawdown Average peak-to-trough decline	-4.54%	-2.38%	-2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	2.64%	-0.01%

Volatility

GUSA vs. GPIQ - Volatility Comparison

The current volatility for Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) is 5.44%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 6.15%. This indicates that GUSA 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

	GUSA	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.44%	6.15%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	9.85%	11.22%	-1.37%
Volatility (1Y) Calculated over the trailing 1-year period	18.14%	20.45%	-2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.46%	17.74%	-0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.46%	17.74%	-0.28%