KIQQ vs. GPIX

Last updated Jun 6, 2026

KIQQ (KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. KIQQ charges 0.79%/yr vs 0.29%/yr for GPIX.

Performance

KIQQ vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF (KIQQ) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KIQQ

• 1D: -3.57%
• 1M: 0.99%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIX

• 1D: -2.17%
• 1M: 0.58%
• YTD: 7.85%
• 6M: 8.03%
• 1Y: 23.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KIQQ vs. GPIX - Yearly Performance Comparison

	2026 (YTD)
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF	6.53%
GPIX Goldman Sachs S&P 500 Premium Income ETF	6.82%

Correlation

The correlation between KIQQ and GPIX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026	0.89

Return for Risk

KIQQ vs. GPIX — Risk / Return Rank

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

GPIX

GPIX Risk / Return Rank: 72
GPIX Sharpe Ratio Rank: 72
GPIX Sortino Ratio Rank: 70
GPIX Omega Ratio Rank: 75
GPIX Calmar Ratio Rank: 63
GPIX Martin Ratio Rank: 80

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.

KIQQ vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF (KIQQ) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	KIQQ	GPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	1.71	-0.55

Drawdowns

KIQQ vs. GPIX - Drawdown Comparison

The maximum KIQQ drawdown since its inception was -8.89%, smaller than the maximum GPIX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for KIQQ and GPIX.

Drawdown Indicators

	KIQQ	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-8.89%	-17.50%	+8.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.71%	—
Current Drawdown Current decline from peak	-4.01%	-2.34%	-1.67%
Average Drawdown Average peak-to-trough decline	-2.44%	-1.48%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.53%	—

Volatility

Volatility by Period

	KIQQ	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	10.42%	+4.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.55%	13.85%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.55%	13.85%	+0.70%

KIQQ vs. GPIX - Expense Ratio Comparison

KIQQ has a 0.79% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

KIQQ vs. GPIX - Dividend Comparison

KIQQ's dividend yield for the trailing twelve months is around 3.66%, less than GPIX's 8.15% yield.

Position	TTM	2025	2024	2023
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.15%	8.01%	7.45%	1.40%
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF	3.66%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KIQQ and GPIX in my portfolio?

KIQQ and GPIX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KIQQ or GPIX?

On fees, GPIX 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, KIQQ or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.79% for KIQQ.

Which ETF pays a higher dividend yield, KIQQ or GPIX?

GPIX has the higher dividend yield at 8.15%, compared with 3.66% for KIQQ.

What is the main difference between KIQQ and GPIX?

They also come from different issuers: KraneShares and Goldman Sachs. Their fees differ too: 0.79% for KIQQ and 0.29% for GPIX.