ITOT vs. GPIQ

Last updated Jul 26, 2026

ITOT (iShares Core S&P Total U.S. Stock Market ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - ITOT is a Large Cap Blend Equities fund tracking the S&P Total Market Index, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. ITOT is passively managed, while GPIQ is actively managed. Over the past year, ITOT returned 17.56% vs 21.40% for GPIQ. Their correlation of 0.91 means they have usually moved in the same direction. ITOT charges 0.03%/yr vs 0.29%/yr for GPIQ.

Performance

ITOT vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Total U.S. Stock Market ETF (ITOT) 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, ITOT achieves a 9.48% return, which is significantly lower than GPIQ's 10.98% return.

ITOT

• 1D: 0.07%
• 1M: 0.48%
• 6M: 7.83%
• YTD: 9.48%
• 1Y: 17.56%
• 3Y*: 18.70%
• 5Y*: 11.47%
• 10Y*: 14.42%
• ALL TIME*: 10.52%

GPIQ

• 1D: -1.08%
• 1M: -3.82%
• 6M: 9.18%
• YTD: 10.98%
• 1Y: 21.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	$68.84M	$77.85M	$80.88M
ITOT iShares Core S&P Total U.S. Stock Market ETF	$228.53M	$259.55M	$322.53M

ITOT vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ITOT iShares Core S&P Total U.S. Stock Market ETF	9.48%	17.00%	23.80%	15.60%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	10.98%	19.77%	23.22%	15.17%

Correlation

The correlation between ITOT and GPIQ is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.91

The correlation between ITOT and GPIQ has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

ITOT vs. GPIQ - Sectors Allocation Comparison

Sectors	ITOT	GPIQ
Technology	36.4%	60.6%
Financial Services	11.9%	0.2%
Industrials	9.9%	4.0%
Healthcare	9.5%	3.7%
Consumer Cyclical	9.5%	10.6%
Communication Services	9.1%	12.2%
Consumer Defensive	4.3%	6.2%
Energy	3.1%	0.5%
Real Estate	2.3%	0.1%
Utilities	2.2%	1.3%
Basic Materials	1.9%	1.1%

Return for Risk

ITOT vs. GPIQ — Risk / Return Rank

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

ITOT

ITOT Risk / Return Rank: 61
ITOT Sharpe Ratio Rank: 60
ITOT Sortino Ratio Rank: 58
ITOT Omega Ratio Rank: 58
ITOT Calmar Ratio Rank: 58
ITOT Martin Ratio Rank: 71

GPIQ

GPIQ Risk / Return Rank: 60
GPIQ Sharpe Ratio Rank: 57
GPIQ Sortino Ratio Rank: 53
GPIQ Omega Ratio Rank: 55
GPIQ Calmar Ratio Rank: 65
GPIQ Martin Ratio Rank: 71

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.

ITOT vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Total U.S. Stock Market ETF (ITOT) 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.

	ITOT	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.34	+0.06
Sortino ratio: Return per unit of downside risk	1.97	1.85	+0.11
Omega ratio: Gain probability vs. loss probability	1.25	1.24	+0.01
Calmar ratio: Return relative to maximum drawdown	2.04	2.28	-0.24
Martin ratio: Return relative to average drawdown	8.79	8.75	+0.04

ITOT vs. GPIQ - Sharpe Ratio Comparison

The current ITOT Sharpe Ratio is 1.40, which is comparable to the GPIQ Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of ITOT and GPIQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ITOT vs. GPIQ - Drawdown Comparison

The maximum ITOT drawdown since its inception was -55.20%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for ITOT and GPIQ.

Drawdown Indicators

	ITOT	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-55.20%	-21.06%	-34.14%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-9.51%	+0.61%
Max Drawdown (3Y) Largest decline over 3 years	-19.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.36%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.00%	—	—
Current Drawdown Current decline from peak	-2.31%	-6.47%	+4.16%
Average Drawdown Average peak-to-trough decline	-6.94%	-2.30%	-4.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	2.47%	-0.41%

Volatility

ITOT vs. GPIQ - Volatility Comparison

The current volatility for iShares Core S&P Total U.S. Stock Market ETF (ITOT) is 3.06%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 6.13%. This indicates that ITOT 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

	ITOT	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	6.13%	-3.07%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	13.56%	-3.54%
Volatility (1Y) Calculated over the trailing 1-year period	12.94%	16.22%	-3.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	17.97%	-0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.25%	17.97%	+0.28%

ITOT vs. GPIQ - Expense Ratio Comparison

ITOT has a 0.03% expense ratio, which is lower than GPIQ's 0.29% expense ratio.

Dividends

ITOT vs. GPIQ - Dividend Comparison

ITOT's dividend yield for the trailing twelve months is around 1.02%, 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%
ITOT iShares Core S&P Total U.S. Stock Market ETF	1.02%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%

Frequently Asked Questions

Can I hold both ITOT and GPIQ in my portfolio?

With a correlation of 0.92, ITOT 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 is riskier, ITOT or GPIQ?

GPIQ has higher volatility (6.13%) compared to ITOT (3.06%). In terms of maximum drawdown, ITOT dropped -55.20% vs GPIQ's -21.06%.

Which ETF is better, ITOT or GPIQ?

On 1-year performance, GPIQ leads with 21.40% vs 17.56% for ITOT. On fees, ITOT is cheaper at 0.03% per year. On volatility, ITOT has been the lower-risk option at 3.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ITOT or GPIQ?

Over the 1-year period, GPIQ has performed better with a 21.40% return vs 17.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITOT or GPIQ?

ITOT is cheaper with a 0.03% expense ratio, compared with 0.29% for GPIQ.

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

GPIQ has the higher dividend yield at 10.18%, compared with 1.02% for ITOT.

What is the main difference between ITOT and GPIQ?

ITOT is categorized as Large Cap Blend Equities, while GPIQ is Nasdaq-100. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.03% for ITOT and 0.29% for GPIQ.

Which has better risk-adjusted returns?

ITOT currently has the higher Sharpe Ratio (1.40 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.