IAU vs. GPIQ
IAU (iShares Gold Trust) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - IAU is a Gold fund tracking the LBMA Gold Price, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. IAU is passively managed, while GPIQ is actively managed. Over the past year, IAU returned 21.17% vs 21.40% for GPIQ. Their 0.13 correlation means their historical movements had little consistent relationship. IAU charges 0.25%/yr vs 0.29%/yr for GPIQ.
Performance
IAU vs. GPIQ - Performance Comparison
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Returns By Period
In the year-to-date period, IAU achieves a -6.09% return, which is significantly lower than GPIQ's 10.98% return.
IAU
- 1D
- 0.11%
- 1M
- 0.69%
- 6M
- -18.72%
- YTD
- -6.09%
- 1Y
- 21.17%
- 3Y*
- 26.99%
- 5Y*
- 17.33%
- 10Y*
- 11.59%
- ALL TIME*
- 10.72%
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 | |
| $367.78M | $389.80M | $488.83M |
IAU vs. GPIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IAU iShares Gold Trust | -6.09% | 63.95% | 26.85% | 4.05% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 10.98% | 19.77% | 23.22% | 15.17% |
Correlation
The correlation between IAU and GPIQ is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.13 |
The correlation between IAU and GPIQ shifts across timeframes, from 0.13 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IAU vs. GPIQ — Risk / Return Rank
IAU
GPIQ
IAU vs. GPIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust (IAU) 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.
| IAU | GPIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.24 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 2.28 | -1.52 |
| Martin ratioReturn relative to average drawdown | 1.72 | 8.75 | -7.03 |
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Drawdowns
IAU vs. GPIQ - Drawdown Comparison
The maximum IAU drawdown since its inception was -45.14%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for IAU and GPIQ.
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Drawdown Indicators
| IAU | GPIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.14% | -21.06% | -24.08% |
Max Drawdown (1Y)Largest decline over 1 year | -26.36% | -9.51% | -16.85% |
Max Drawdown (3Y)Largest decline over 3 years | -26.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.36% | — | — |
Current DrawdownCurrent decline from peak | -24.95% | -6.47% | -18.48% |
Average DrawdownAverage peak-to-trough decline | -16.01% | -2.30% | -13.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 2.47% | +9.18% |
Volatility
IAU vs. GPIQ - Volatility Comparison
iShares Gold Trust (IAU) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) have volatilities of 6.07% and 6.13%, 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
| IAU | GPIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 6.13% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 23.78% | 13.56% | +10.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.88% | 16.22% | +11.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.39% | 17.97% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 17.97% | -1.91% |
IAU vs. GPIQ - Expense Ratio Comparison
IAU has a 0.25% expense ratio, which is lower than GPIQ's 0.29% expense ratio.
Dividends
IAU vs. GPIQ - Dividend Comparison
IAU has not paid dividends to shareholders, while GPIQ's dividend yield for the trailing twelve months is around 10.18%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 10.18% | 9.81% | 9.18% | 1.74% |
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IAU and GPIQ have a correlation of 0.28, 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 IAU (6.07%). In terms of maximum drawdown, IAU dropped -45.14% vs GPIQ's -21.06%.
On 1-year performance, GPIQ leads with 21.40% vs 21.17% for IAU. On fees, IAU is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GPIQ has performed better with a 21.40% return vs 21.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAU is cheaper with a 0.25% expense ratio, compared with 0.29% for GPIQ.
GPIQ has the higher dividend yield at 10.18%, compared with 0.00% for IAU.
IAU is categorized as Gold, while GPIQ is Nasdaq-100. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.25% for IAU and 0.29% for GPIQ.
GPIQ currently has the higher Sharpe Ratio (1.34 vs 0.72), 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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