QB vs. GPIQ

Last updated Jun 24, 2026

QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - QB is a Defined Outcome fund tracking the Nasdaq-100, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. QB is passively managed, while GPIQ is actively managed. Their correlation of 0.81 suggests significant overlap in exposure. QB charges 0.58%/yr vs 0.29%/yr for GPIQ.

Performance

QB vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) 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, QB achieves a 9.56% return, which is significantly lower than GPIQ's 14.86% return.

QB

• 1D: -1.22%
• 1M: -0.18%
• YTD: 9.56%
• 6M: 9.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIQ

• 1D: -2.96%
• 1M: -0.00%
• YTD: 14.86%
• 6M: 13.78%
• 1Y: 32.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QB vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	9.56%	6.10%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	14.86%	13.43%

Correlation

The correlation between QB and GPIQ is 0.81, 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 Jun 26, 2025	0.81

QB vs. GPIQ - Sectors Allocation Comparison

Sectors	QB	GPIQ
Technology	49.9%	58.7%
Communication Services	16.4%	14.1%
Consumer Cyclical	12.5%	11.6%
Consumer Defensive	8.6%	6.4%
Healthcare	5.3%	3.6%
Industrials	3.7%	2.6%
Utilities	1.6%	1.3%
Basic Materials	1.3%	1.0%
Energy	0.6%	0.5%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

QB vs. GPIQ — Risk / Return Rank

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

QB

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

GPIQ

GPIQ Risk / Return Rank: 69
GPIQ Sharpe Ratio Rank: 68
GPIQ Sortino Ratio Rank: 62
GPIQ Omega Ratio Rank: 68
GPIQ Calmar Ratio Rank: 70
GPIQ Martin Ratio Rank: 77

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.

QB vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) 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.

	QB	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	—	2.12	—
Sortino ratio: Return per unit of downside risk	—	2.79	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	3.38	—
Martin ratio: Return relative to average drawdown	—	14.28	—

Drawdowns

QB vs. GPIQ - Drawdown Comparison

The maximum QB drawdown since its inception was -3.47%, smaller than the maximum GPIQ drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for QB and GPIQ.

Drawdown Indicators

	QB	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-3.47%	-21.06%	+17.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.51%	—
Current Drawdown Current decline from peak	-1.51%	-3.21%	+1.70%
Average Drawdown Average peak-to-trough decline	-0.41%	-2.27%	+1.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.25%	—

Volatility

Volatility by Period

	QB	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.85%	15.17%	-8.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.85%	17.88%	-11.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.85%	17.88%	-11.03%

QB vs. GPIQ - Expense Ratio Comparison

QB has a 0.58% expense ratio, which is higher than GPIQ's 0.29% expense ratio.

Dividends

QB vs. GPIQ - Dividend Comparison

QB's dividend yield for the trailing twelve months is around 0.63%, less than GPIQ's 9.60% yield.

Position	TTM	2025	2024	2023
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.60%	9.81%	9.18%	1.74%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.63%	0.48%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QB and GPIQ in my portfolio?

QB and GPIQ have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QB or GPIQ?

On fees, GPIQ 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, QB or GPIQ?

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.58% for QB.

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

GPIQ has the higher dividend yield at 9.60%, compared with 0.63% for QB.

What is the main difference between QB and GPIQ?

QB is categorized as Defined Outcome, while GPIQ is Nasdaq-100. They also come from different issuers: ProShares and Goldman Sachs. Their fees differ too: 0.58% for QB and 0.29% for GPIQ.