HDV vs. GPIQ
HDV (iShares Core High Dividend ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. HDV is passively managed, while GPIQ is actively managed. Over the past year, HDV returned 24.04% vs 21.40% for GPIQ. Their 0.05 correlation means their historical movements had little consistent relationship. HDV charges 0.08%/yr vs 0.29%/yr for GPIQ.
Performance
HDV vs. GPIQ - Performance Comparison
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Returns By Period
In the year-to-date period, HDV achieves a 20.12% return, which is significantly higher than GPIQ's 10.98% return.
HDV
- 1D
- 1.23%
- 1M
- 4.76%
- 6M
- 13.60%
- YTD
- 20.12%
- 1Y
- 24.04%
- 3Y*
- 15.34%
- 5Y*
- 12.15%
- 10Y*
- 9.50%
- ALL TIME*
- 10.85%
GPIQ
- 1D
- -1.08%
- 1M
- -3.82%
- 6M
- 9.18%
- YTD
- 10.98%
- 1Y
- 21.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $68.84M | $77.85M | $80.88M | |
| $163.75M | $142.23M | $95.79M |
HDV vs. GPIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 20.12% | 11.90% | 14.16% | 6.75% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 10.98% | 19.77% | 23.22% | 15.17% |
Correlation
The correlation between HDV and GPIQ is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.05 |
The correlation between HDV and GPIQ shifts across timeframes, from -0.17 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
HDV vs. GPIQ - Sectors Allocation Comparison
Sectors
HDV
GPIQ
Consumer Defensive
Healthcare
Energy
Consumer Cyclical
Utilities
Communication Services
Financial Services
Industrials
Technology
Basic Materials
Real Estate
-
Consumer Defensive
HDV
GPIQ
Healthcare
HDV
GPIQ
Energy
HDV
GPIQ
Consumer Cyclical
HDV
GPIQ
Utilities
HDV
GPIQ
Communication Services
HDV
GPIQ
Financial Services
HDV
GPIQ
Industrials
HDV
GPIQ
Technology
HDV
GPIQ
Basic Materials
HDV
GPIQ
Real Estate
HDV
-
GPIQ
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Return for Risk
HDV vs. GPIQ — Risk / Return Rank
HDV
GPIQ
HDV vs. GPIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) 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.
| HDV | GPIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.24 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 2.28 | +2.37 |
| Martin ratioReturn relative to average drawdown | 12.72 | 8.75 | +3.97 |
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Drawdowns
HDV vs. GPIQ - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for HDV and GPIQ.
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Drawdown Indicators
| HDV | GPIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -21.06% | -15.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -9.51% | +4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -6.47% | +6.47% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -2.30% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.47% | -0.58% |
Volatility
HDV vs. GPIQ - Volatility Comparison
The current volatility for iShares Core High Dividend ETF (HDV) is 4.88%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 6.13%. This indicates that HDV 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.
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Volatility by Period
| HDV | GPIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 6.13% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 13.56% | -5.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.74% | 16.22% | -5.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.93% | 17.97% | -5.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 17.97% | -2.20% |
HDV vs. GPIQ - Expense Ratio Comparison
HDV has a 0.08% expense ratio, which is lower than GPIQ's 0.29% expense ratio.
Dividends
HDV vs. GPIQ - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 3.07%, less than GPIQ's 10.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 10.18% | 9.81% | 9.18% | 1.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDV iShares Core High Dividend ETF | 3.07% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Frequently Asked Questions
HDV and GPIQ have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GPIQ has higher volatility (6.13%) compared to HDV (4.88%). In terms of maximum drawdown, HDV dropped -37.04% vs GPIQ's -21.06%.
On 1-year performance, HDV leads with 24.04% vs 21.40% for GPIQ. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HDV has performed better with a 24.04% return vs 21.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.29% for GPIQ.
GPIQ has the higher dividend yield at 10.18%, compared with 3.07% for HDV.
HDV is categorized as Dividend, while GPIQ is Nasdaq-100. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.08% for HDV and 0.29% for GPIQ.
HDV currently has the higher Sharpe Ratio (2.24 vs 1.34), 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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