LRGF vs. GPIQ

Last updated Jul 26, 2026

LRGF (iShares MSCI USA Multifactor ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - LRGF is a Large Cap Blend Equities fund tracking the MSCI USA Diversified Multi-Factor, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. LRGF is passively managed, while GPIQ is actively managed. Over the past year, LRGF returned 15.34% vs 21.40% for GPIQ. Their correlation of 0.91 means they have usually moved in the same direction. LRGF charges 0.20%/yr vs 0.29%/yr for GPIQ.

Performance

LRGF vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Multifactor ETF (LRGF) 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, LRGF achieves a 8.94% return, which is significantly lower than GPIQ's 10.98% return.

LRGF

• 1D: 0.09%
• 1M: 1.20%
• 6M: 8.82%
• YTD: 8.94%
• 1Y: 15.34%
• 3Y*: 19.41%
• 5Y*: 13.20%
• 10Y*: 13.48%
• ALL TIME*: 12.23%

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
LRGF iShares MSCI USA Multifactor ETF	$11.35M	$13.93M	$11.55M

LRGF vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LRGF iShares MSCI USA Multifactor ETF	8.94%	16.48%	26.59%	14.98%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	10.98%	19.77%	23.22%	15.17%

Correlation

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

LRGF vs. GPIQ - Sectors Allocation Comparison

Sectors	LRGF	GPIQ
Technology	37.3%	60.6%
Financial Services	11.7%	0.2%
Consumer Cyclical	10.5%	10.6%
Communication Services	10.0%	12.2%
Healthcare	9.4%	3.7%
Industrials	8.3%	4.0%
Consumer Defensive	4.9%	6.2%
Energy	3.1%	0.5%
Utilities	2.0%	1.3%
Basic Materials	1.8%	1.1%
Real Estate	1.1%	0.1%

Return for Risk

LRGF vs. GPIQ — Risk / Return Rank

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

LRGF

LRGF Risk / Return Rank: 52
LRGF Sharpe Ratio Rank: 52
LRGF Sortino Ratio Rank: 51
LRGF Omega Ratio Rank: 50
LRGF Calmar Ratio Rank: 51
LRGF Martin Ratio Rank: 59

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.

LRGF vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Multifactor ETF (LRGF) 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.

	LRGF	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.34	-0.09
Sortino ratio: Return per unit of downside risk	1.77	1.85	-0.08
Omega ratio: Gain probability vs. loss probability	1.22	1.24	-0.02
Calmar ratio: Return relative to maximum drawdown	1.78	2.28	-0.50
Martin ratio: Return relative to average drawdown	6.95	8.75	-1.80

LRGF vs. GPIQ - Sharpe Ratio Comparison

The current LRGF Sharpe Ratio is 1.25, which is comparable to the GPIQ Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of LRGF 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

LRGF vs. GPIQ - Drawdown Comparison

The maximum LRGF drawdown since its inception was -36.03%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for LRGF and GPIQ.

Drawdown Indicators

	LRGF	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-36.03%	-21.06%	-14.97%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-9.51%	+0.59%
Max Drawdown (3Y) Largest decline over 3 years	-19.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.03%	—	—
Current Drawdown Current decline from peak	-2.11%	-6.47%	+4.36%
Average Drawdown Average peak-to-trough decline	-4.51%	-2.30%	-2.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	2.47%	-0.19%

Volatility

LRGF vs. GPIQ - Volatility Comparison

The current volatility for iShares MSCI USA Multifactor ETF (LRGF) is 2.90%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 6.13%. This indicates that LRGF 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

	LRGF	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	6.13%	-3.23%
Volatility (6M) Calculated over the trailing 6-month period	9.83%	13.56%	-3.73%
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	17.07%	17.97%	-0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.28%	17.97%	+0.31%

LRGF vs. GPIQ - Expense Ratio Comparison

LRGF has a 0.20% expense ratio, which is lower than GPIQ's 0.29% expense ratio.

Dividends

LRGF vs. GPIQ - Dividend Comparison

LRGF's dividend yield for the trailing twelve months is around 1.09%, 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%
LRGF iShares MSCI USA Multifactor ETF	1.09%	1.16%	1.23%	1.49%	1.78%	1.05%	1.35%	1.76%	3.27%	1.68%	1.56%	0.83%

Frequently Asked Questions

Can I hold both LRGF and GPIQ in my portfolio?

With a correlation of 0.92, LRGF 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, LRGF or GPIQ?

GPIQ has higher volatility (6.13%) compared to LRGF (2.90%). In terms of maximum drawdown, LRGF dropped -36.03% vs GPIQ's -21.06%.

Which ETF is better, LRGF or GPIQ?

On 1-year performance, GPIQ leads with 21.40% vs 15.34% for LRGF. On fees, LRGF is cheaper at 0.20% per year. On volatility, LRGF has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LRGF or GPIQ?

Over the 1-year period, GPIQ has performed better with a 21.40% return vs 15.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LRGF or GPIQ?

LRGF is cheaper with a 0.20% expense ratio, compared with 0.29% for GPIQ.

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

GPIQ has the higher dividend yield at 10.18%, compared with 1.09% for LRGF.

What is the main difference between LRGF and GPIQ?

LRGF 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: 0.20% for LRGF and 0.29% for GPIQ.

Which has better risk-adjusted returns?

GPIQ currently has the higher Sharpe Ratio (1.34 vs 1.25), 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.