PSEC vs. GPIQ
PSEC (Prospect Capital Corporation) 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, PSEC returned -16.54% vs 26.42% for GPIQ. At a 0.27 correlation, their price movements are largely independent.
Performance
PSEC vs. GPIQ - Performance Comparison
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Returns By Period
In the year-to-date period, PSEC achieves a -0.90% return, which is significantly lower than GPIQ's 14.10% return.
PSEC
- 1D
- 2.64%
- 1M
- 5.18%
- 6M
- -13.00%
- YTD
- -0.90%
- 1Y
- -16.54%
- 3Y*
- -17.23%
- 5Y*
- -11.34%
- 10Y*
- -0.53%
GPIQ
- 1D
- -1.49%
- 1M
- -2.44%
- 6M
- 12.67%
- YTD
- 14.10%
- 1Y
- 26.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PSEC vs. GPIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PSEC Prospect Capital Corporation | -0.90% | -28.86% | -18.16% | 10.12% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 14.10% | 19.77% | 23.22% | 15.17% |
Correlation
The correlation between PSEC and GPIQ is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.27 |
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Return for Risk
PSEC vs. GPIQ — Risk / Return Rank
PSEC
GPIQ
PSEC vs. GPIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Prospect Capital Corporation (PSEC) 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.
| PSEC | GPIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.30 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 2.79 | -3.40 |
| Martin ratioReturn relative to average drawdown | -1.02 | 11.26 | -12.28 |
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Drawdowns
PSEC vs. GPIQ - Drawdown Comparison
The maximum PSEC drawdown since its inception was -61.51%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for PSEC and GPIQ.
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Drawdown Indicators
| PSEC | GPIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.51% | -21.06% | -40.45% |
Max Drawdown (1Y)Largest decline over 1 year | -27.04% | -9.51% | -17.53% |
Max Drawdown (3Y)Largest decline over 3 years | -50.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -57.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.21% | — | — |
Current DrawdownCurrent decline from peak | -52.19% | -3.85% | -48.34% |
Average DrawdownAverage peak-to-trough decline | -15.80% | -2.28% | -13.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.29% | 2.35% | +13.94% |
Volatility
PSEC vs. GPIQ - Volatility Comparison
Prospect Capital Corporation (PSEC) has a higher volatility of 8.37% compared to Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) at 6.67%. This indicates that PSEC'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
| PSEC | GPIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.37% | 6.67% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 27.39% | 13.44% | +13.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.41% | 15.94% | +18.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.06% | 17.95% | +10.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.44% | 17.95% | +9.49% |
Dividends
PSEC vs. GPIQ - Dividend Comparison
PSEC's dividend yield for the trailing twelve months is around 22.32%, more than GPIQ's 9.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.90% | 9.81% | 9.18% | 1.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSEC Prospect Capital Corporation | 22.32% | 20.85% | 16.01% | 12.02% | 10.30% | 8.56% | 13.31% | 11.18% | 11.41% | 13.45% | 11.98% | 14.72% |
Frequently Asked Questions
PSEC and GPIQ have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSEC has higher volatility (8.37%) compared to GPIQ (6.67%). In terms of maximum drawdown, PSEC dropped -61.51% vs GPIQ's -21.06%.
GPIQ currently has the higher Sharpe Ratio (1.66 vs -0.48), 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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