GVLE vs. GPIQ

Last updated Jul 14, 2026

GVLE (Goldman Sachs Value Opportunities ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - GVLE is a Large Cap Value Equities fund actively managed by Goldman Sachs, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. GVLE charges 0.45%/yr vs 0.29%/yr for GPIQ.

Performance

GVLE vs. GPIQ - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with GVLE having a 15.42% return and GPIQ slightly lower at 14.94%.

GVLE

• 1D: -0.21%
• 1M: 1.91%
• 6M: 12.56%
• YTD: 15.42%
• 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)

GVLE vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025
GVLE Goldman Sachs Value Opportunities ETF	15.42%	4.29%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	14.94%	1.78%

Correlation

The correlation between GVLE and GPIQ is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.75

Return for Risk

GVLE vs. GPIQ — Risk / Return Rank

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

GVLE

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.

GVLE vs. GPIQ - Risk-Adjusted Trends Comparison

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

	GVLE	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

GVLE vs. GPIQ - Drawdown Comparison

The maximum GVLE drawdown since its inception was -7.88%, smaller than the maximum GPIQ drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for GVLE and GPIQ.

Drawdown Indicators

	GVLE	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-7.88%	-21.06%	+13.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.51%	—
Current Drawdown Current decline from peak	-0.70%	-3.13%	+2.43%
Average Drawdown Average peak-to-trough decline	-1.22%	-2.27%	+1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.33%	—

Volatility

Volatility by Period

	GVLE	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%

GVLE vs. GPIQ - Expense Ratio Comparison

GVLE has a 0.45% expense ratio, which is higher than GPIQ's 0.29% expense ratio.

Dividends

GVLE vs. GPIQ - Dividend Comparison

GVLE's dividend yield for the trailing twelve months is around 1.01%, 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%
GVLE Goldman Sachs Value Opportunities ETF	1.01%	1.16%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GVLE and GPIQ in my portfolio?

GVLE and GPIQ have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GVLE 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, GVLE or GPIQ?

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.45% for GVLE.

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

GPIQ has the higher dividend yield at 9.83%, compared with 1.01% for GVLE.

What is the main difference between GVLE and GPIQ?

GVLE is categorized as Large Cap Value Equities, while GPIQ is Nasdaq-100. Their fees differ too: 0.45% for GVLE and 0.29% for GPIQ.