IVV vs. GPIQ

Last updated Jul 26, 2026

IVV (iShares Core S&P 500 ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - IVV is a S&P 500 fund tracking the S&P 500 Index, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. IVV is passively managed, while GPIQ is actively managed. Over the past year, IVV returned 17.37% vs 21.40% for GPIQ. Their correlation of 0.92 means they have usually moved in the same direction. IVV charges 0.03%/yr vs 0.29%/yr for GPIQ.

Performance

IVV vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P 500 ETF (IVV) 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, IVV achieves a 8.96% return, which is significantly lower than GPIQ's 10.98% return.

IVV

• 1D: 0.10%
• 1M: 0.80%
• 6M: 7.81%
• YTD: 8.96%
• 1Y: 17.37%
• 3Y*: 19.07%
• 5Y*: 12.51%
• 10Y*: 14.93%
• ALL TIME*: 8.41%

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
IVV iShares Core S&P 500 ETF	$3.37B	$4.55B	$5.92B

IVV vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IVV iShares Core S&P 500 ETF	8.96%	17.85%	24.93%	14.31%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	10.98%	19.77%	23.22%	15.17%

Correlation

The correlation between IVV and GPIQ is 0.93, 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.	0.93
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.92

The correlation between IVV and GPIQ has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

IVV vs. GPIQ - Sectors Allocation Comparison

Sectors	IVV	GPIQ
Technology	38.4%	60.6%
Financial Services	12.0%	0.2%
Communication Services	9.8%	12.2%
Consumer Cyclical	9.2%	10.6%
Healthcare	8.9%	3.7%
Industrials	8.0%	4.0%
Consumer Defensive	4.5%	6.2%
Energy	3.3%	0.5%
Utilities	2.2%	1.3%
Real Estate	1.9%	0.1%
Basic Materials	1.7%	1.1%

Return for Risk

IVV vs. GPIQ — Risk / Return Rank

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

IVV

IVV Risk / Return Rank: 61
IVV Sharpe Ratio Rank: 61
IVV Sortino Ratio Rank: 58
IVV Omega Ratio Rank: 59
IVV Calmar Ratio Rank: 58
IVV Martin Ratio Rank: 70

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.

IVV vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) 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.

	IVV	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.34	+0.07
Sortino ratio: Return per unit of downside risk	1.98	1.85	+0.12
Omega ratio: Gain probability vs. loss probability	1.25	1.24	+0.01
Calmar ratio: Return relative to maximum drawdown	2.01	2.28	-0.27
Martin ratio: Return relative to average drawdown	8.66	8.75	-0.09

IVV vs. GPIQ - Sharpe Ratio Comparison

The current IVV Sharpe Ratio is 1.41, which is comparable to the GPIQ Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of IVV 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

IVV vs. GPIQ - Drawdown Comparison

The maximum IVV drawdown since its inception was -55.25%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for IVV and GPIQ.

Drawdown Indicators

	IVV	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-55.25%	-21.06%	-34.19%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-9.51%	+0.62%
Max Drawdown (3Y) Largest decline over 3 years	-18.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.53%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.90%	—	—
Current Drawdown Current decline from peak	-2.45%	-6.47%	+4.02%
Average Drawdown Average peak-to-trough decline	-10.73%	-2.30%	-8.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	2.47%	-0.41%

Volatility

IVV vs. GPIQ - Volatility Comparison

The current volatility for iShares Core S&P 500 ETF (IVV) is 3.42%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 6.13%. This indicates that IVV 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

	IVV	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	6.13%	-2.71%
Volatility (6M) Calculated over the trailing 6-month period	9.93%	13.56%	-3.63%
Volatility (1Y) Calculated over the trailing 1-year period	12.69%	16.22%	-3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	17.97%	-0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.05%	17.97%	+0.08%

IVV vs. GPIQ - Expense Ratio Comparison

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

Dividends

IVV vs. GPIQ - Dividend Comparison

IVV's dividend yield for the trailing twelve months is around 1.10%, 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%
IVV iShares Core S&P 500 ETF	1.10%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%

Frequently Asked Questions

Can I hold both IVV and GPIQ in my portfolio?

With a correlation of 0.93, IVV 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, IVV or GPIQ?

GPIQ has higher volatility (6.13%) compared to IVV (3.42%). In terms of maximum drawdown, IVV dropped -55.25% vs GPIQ's -21.06%.

Which ETF is better, IVV or GPIQ?

On 1-year performance, GPIQ leads with 21.40% vs 17.37% for IVV. On fees, IVV is cheaper at 0.03% per year. On volatility, IVV has been the lower-risk option at 3.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVV or GPIQ?

Over the 1-year period, GPIQ has performed better with a 21.40% return vs 17.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVV or GPIQ?

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

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

GPIQ has the higher dividend yield at 10.18%, compared with 1.10% for IVV.

What is the main difference between IVV and GPIQ?

IVV is categorized as S&P 500, while GPIQ is Nasdaq-100. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.03% for IVV and 0.29% for GPIQ.

Which has better risk-adjusted returns?

IVV currently has the higher Sharpe Ratio (1.41 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.