NA vs. GPIQ
NA (Nano Labs Ltd (NA)) is a stock, while GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) is Nasdaq-100 fund actively managed by Goldman Sachs. Over the past year, NA returned -76.58% vs 27.94% for GPIQ. At a 0.09 correlation, their price movements are largely independent.
Performance
NA vs. GPIQ - Performance Comparison
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Returns By Period
In the year-to-date period, NA achieves a -42.54% return, which is significantly lower than GPIQ's 14.94% return.
NA
- 1D
- -8.59%
- 1M
- 2.84%
- 6M
- -47.54%
- YTD
- -42.54%
- 1Y
- -76.58%
- 3Y*
- -52.48%
- 5Y*
- —
- 10Y*
- —
GPIQ
- 1D
- -1.72%
- 1M
- -0.68%
- 6M
- 12.85%
- YTD
- 14.94%
- 1Y
- 27.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NA vs. GPIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NA Nano Labs Ltd (NA) | -42.54% | -64.81% | -50.55% | 25.70% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 14.94% | 19.77% | 23.22% | 15.17% |
Correlation
The correlation between NA and GPIQ is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.09 |
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Return for Risk
NA vs. GPIQ — Risk / Return Rank
NA
GPIQ
NA vs. GPIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nano Labs Ltd (NA) (NA) 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.
| NA | GPIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.56 | ||
| Sortino ratioReturn per unit of downside risk | -3.76 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.32 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 2.95 | -3.89 |
| Martin ratioReturn relative to average drawdown | -1.28 | 12.02 | -13.30 |
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Drawdowns
NA vs. GPIQ - Drawdown Comparison
The maximum NA drawdown since its inception was -98.67%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for NA and GPIQ.
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Drawdown Indicators
| NA | GPIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.67% | -21.06% | -77.61% |
Max Drawdown (1Y)Largest decline over 1 year | -81.95% | -9.51% | -72.44% |
Max Drawdown (3Y)Largest decline over 3 years | -92.70% | — | — |
Current DrawdownCurrent decline from peak | -98.50% | -3.13% | -95.37% |
Average DrawdownAverage peak-to-trough decline | -90.30% | -2.27% | -88.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.69% | 2.33% | +57.36% |
Volatility
NA vs. GPIQ - Volatility Comparison
Nano Labs Ltd (NA) (NA) has a higher volatility of 27.72% compared to Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) at 7.59%. This indicates that NA's price experiences larger fluctuations and is considered to be riskier than GPIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NA | GPIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.72% | 7.59% | +20.13% |
Volatility (6M)Calculated over the trailing 6-month period | 69.06% | 13.33% | +55.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.44% | 15.86% | +81.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 167.88% | 17.95% | +149.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 167.88% | 17.95% | +149.93% |
Dividends
NA vs. GPIQ - Dividend Comparison
NA has not paid dividends to shareholders, while GPIQ's dividend yield for the trailing twelve months is around 9.83%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.83% | 9.81% | 9.18% | 1.74% |
NA Nano Labs Ltd (NA) | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NA and GPIQ have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NA has higher volatility (27.72%) compared to GPIQ (7.59%). In terms of maximum drawdown, NA dropped -98.67% vs GPIQ's -21.06%.
GPIQ currently has the higher Sharpe Ratio (1.77 vs -0.79), 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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