GUSE vs. GPIQ

Last updated Jul 14, 2026

GUSE (Goldman Sachs Enhanced U.S. Equity ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - GUSE is a Large Cap Blend Equities fund actively managed by Goldman Sachs, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. GUSE charges 0.30%/yr vs 0.29%/yr for GPIQ.

Performance

GUSE vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Enhanced U.S. Equity ETF (GUSE) 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, GUSE achieves a 11.48% return, which is significantly lower than GPIQ's 14.94% return.

GUSE

• 1D: -0.67%
• 1M: 1.58%
• 6M: 8.74%
• YTD: 11.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIQ

• 1D: -1.72%
• 1M: -0.68%
• 6M: 12.85%
• YTD: 14.94%
• 1Y: 27.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GUSE vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025
GUSE Goldman Sachs Enhanced U.S. Equity ETF	11.48%	2.38%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	14.94%	1.78%

Correlation

The correlation between GUSE and GPIQ is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.92

Return for Risk

GUSE vs. GPIQ — Risk / Return Rank

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

GUSE

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

GPIQ

GPIQ Risk / Return Rank: 71
GPIQ Sharpe Ratio Rank: 69
GPIQ Sortino Ratio Rank: 65
GPIQ Omega Ratio Rank: 67
GPIQ Calmar Ratio Rank: 73
GPIQ Martin Ratio Rank: 79

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.

GUSE vs. GPIQ - Risk-Adjusted Trends Comparison

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

	GUSE	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.77	—
Sortino ratio: Return per unit of downside risk	—	2.38	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.95	—
Martin ratio: Return relative to average drawdown	—	12.02	—

Drawdowns

GUSE vs. GPIQ - Drawdown Comparison

The maximum GUSE drawdown since its inception was -8.54%, smaller than the maximum GPIQ drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for GUSE and GPIQ.

Drawdown Indicators

	GUSE	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-8.54%	-21.06%	+12.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.51%	—
Current Drawdown Current decline from peak	-0.85%	-3.13%	+2.28%
Average Drawdown Average peak-to-trough decline	-1.42%	-2.27%	+0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.33%	—

Volatility

Volatility by Period

	GUSE	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.95%	15.86%	-1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.95%	17.95%	-4.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.95%	17.95%	-4.00%

GUSE vs. GPIQ - Expense Ratio Comparison

GUSE has a 0.30% expense ratio, which is higher than GPIQ's 0.29% expense ratio.

Dividends

GUSE vs. GPIQ - Dividend Comparison

GUSE's dividend yield for the trailing twelve months is around 0.65%, less than GPIQ's 9.83% yield.

Position	TTM	2025	2024	2023
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.83%	9.81%	9.18%	1.74%
GUSE Goldman Sachs Enhanced U.S. Equity ETF	0.65%	0.73%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GUSE and GPIQ in my portfolio?

With a correlation of 0.92, GUSE 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, GUSE 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, GUSE or GPIQ?

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.30% for GUSE.

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

GPIQ has the higher dividend yield at 9.83%, compared with 0.65% for GUSE.

What is the main difference between GUSE and GPIQ?

GUSE is categorized as Large Cap Blend Equities, while GPIQ is Nasdaq-100. Their fees differ too: 0.30% for GUSE and 0.29% for GPIQ.