QID vs. GPIQ
QID (ProShares UltraShort QQQ) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - QID is a Leveraged Equities fund tracking the NASDAQ-100 Index (-200%), while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. QID is passively managed, while GPIQ is actively managed. Over the past year, QID returned -35.07% vs 24.16% for GPIQ. Their -0.99 correlation means they have often moved in opposite directions in the past. QID charges 0.95%/yr vs 0.29%/yr for GPIQ.
Performance
QID vs. GPIQ - Performance Comparison
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Returns By Period
In the year-to-date period, QID achieves a -21.02% return, which is significantly lower than GPIQ's 11.67% return.
QID
- 1D
- -1.22%
- 1M
- 6.86%
- 6M
- -19.38%
- YTD
- -21.02%
- 1Y
- -35.07%
- 3Y*
- -33.07%
- 5Y*
- -27.97%
- 10Y*
- -37.32%
- ALL TIME*
- -34.54%
GPIQ
- 1D
- 0.58%
- 1M
- -2.85%
- 6M
- 9.86%
- YTD
- 11.67%
- 1Y
- 24.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $86.57M | $81.60M | $83.20M | |
| $255.66M | $222.38M | $304.58M |
QID vs. GPIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QID ProShares UltraShort QQQ | -21.02% | -34.97% | -34.06% | -26.22% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 11.67% | 19.77% | 23.22% | 15.17% |
Correlation
The correlation between QID and GPIQ is -1.00, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -1.00 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | -0.99 |
The correlation between QID and GPIQ has been stable across timeframes, ranging from -1.00 to -0.99 - a consistent structural relationship.
QID vs. GPIQ - Sectors Allocation Comparison
Sectors
QID
GPIQ
Financial Services
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Energy
-
Healthcare
-
Industrials
-
Real Estate
-
Technology
-
Utilities
-
Financial Services
QID
GPIQ
Basic Materials
QID
-
GPIQ
Communication Services
QID
-
GPIQ
Consumer Cyclical
QID
-
GPIQ
Consumer Defensive
QID
-
GPIQ
Energy
QID
-
GPIQ
Healthcare
QID
-
GPIQ
Industrials
QID
-
GPIQ
Real Estate
QID
-
GPIQ
Technology
QID
-
GPIQ
Utilities
QID
-
GPIQ
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Return for Risk
QID vs. GPIQ — Risk / Return Rank
QID
GPIQ
QID vs. GPIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) 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.
| QID | GPIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -3.03 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.24 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 2.35 | -3.08 |
| Martin ratioReturn relative to average drawdown | -1.34 | 8.33 | -9.67 |
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Drawdowns
QID vs. GPIQ - Drawdown Comparison
The maximum QID drawdown since its inception was -99.99%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for QID and GPIQ.
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Drawdown Indicators
| QID | GPIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -21.06% | -78.93% |
Max Drawdown (1Y)Largest decline over 1 year | -44.65% | -9.51% | -35.14% |
Max Drawdown (3Y)Largest decline over 3 years | -79.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -88.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.21% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -5.90% | -94.09% |
Average DrawdownAverage peak-to-trough decline | -87.09% | -2.33% | -84.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.20% | 2.68% | +21.52% |
Volatility
QID vs. GPIQ - Volatility Comparison
ProShares UltraShort QQQ (QID) has a higher volatility of 13.93% compared to Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) at 6.39%. This indicates that QID'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
| QID | GPIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.93% | 6.39% | +7.54% |
Volatility (6M)Calculated over the trailing 6-month period | 32.16% | 14.09% | +18.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.79% | 16.69% | +22.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.80% | 18.06% | +27.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.96% | 18.06% | +26.90% |
QID vs. GPIQ - Expense Ratio Comparison
QID has a 0.95% expense ratio, which is higher than GPIQ's 0.29% expense ratio.
Dividends
QID vs. GPIQ - Dividend Comparison
QID's dividend yield for the trailing twelve months is around 7.46%, less than GPIQ's 10.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.32% | 9.81% | 9.18% | 1.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QID ProShares UltraShort QQQ | 7.46% | 6.25% | 7.99% | 5.63% | 0.15% | 0.00% | 0.92% | 2.54% | 1.38% | 0.08% |
Frequently Asked Questions
QID and GPIQ have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QID has higher volatility (13.93%) compared to GPIQ (6.39%). In terms of maximum drawdown, QID dropped -99.99% vs GPIQ's -21.06%.
On 1-year performance, GPIQ leads with 24.16% vs -35.07% for QID. On fees, GPIQ is cheaper at 0.29% per year. On volatility, GPIQ has been the lower-risk option at 6.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GPIQ has performed better with a 24.16% return vs -35.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GPIQ is cheaper with a 0.29% expense ratio, compared with 0.95% for QID.
GPIQ has the higher dividend yield at 9.32%, compared with 7.46% for QID.
QID is categorized as Leveraged Equities, while GPIQ is Nasdaq-100. They also come from different issuers: ProShares and Goldman Sachs. Their fees differ too: 0.95% for QID and 0.29% for GPIQ.
GPIQ currently has the higher Sharpe Ratio (1.34 vs -0.84), 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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