QNXT vs. GPIQ

Last updated Jun 4, 2026

QNXT (iShares Nasdaq-100 ex Top 30 ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both Nasdaq-100 funds. QNXT is passively managed, while GPIQ is actively managed. Over the past year, QNXT returned 25.34% vs 37.50% for GPIQ. Their correlation of 0.84 suggests significant overlap in exposure. QNXT charges 0.20%/yr vs 0.29%/yr for GPIQ.

Performance

QNXT vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq-100 ex Top 30 ETF (QNXT) 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, QNXT achieves a 15.67% return, which is significantly lower than GPIQ's 18.30% return.

QNXT

• 1D: -0.61%
• 1M: 9.65%
• YTD: 15.67%
• 6M: 13.13%
• 1Y: 25.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIQ

• 1D: -0.19%
• 1M: 8.51%
• YTD: 18.30%
• 6M: 17.64%
• 1Y: 37.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QNXT vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QNXT iShares Nasdaq-100 ex Top 30 ETF	15.67%	14.97%	-2.52%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	18.30%	19.77%	3.98%

Correlation

The correlation between QNXT 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 (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Oct 25, 2024	0.84

The correlation between QNXT and GPIQ has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

QNXT vs. GPIQ - Sectors Allocation Comparison

Sectors	QNXT	GPIQ
Technology	40.3%	53.8%
Consumer Cyclical	17.0%	12.3%
Industrials	10.6%	2.9%
Communication Services	8.8%	15.8%
Healthcare	7.5%	4.2%
Utilities	6.1%	1.4%
Consumer Defensive	5.7%	7.7%
Energy	2.7%	0.6%
Financial Services	1.0%	0.2%
Real Estate	0.3%	0.1%
Basic Materials	-	1.1%

Return for Risk

QNXT vs. GPIQ — Risk / Return Rank

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

QNXT

QNXT Risk / Return Rank: 49
QNXT Sharpe Ratio Rank: 50
QNXT Sortino Ratio Rank: 49
QNXT Omega Ratio Rank: 47
QNXT Calmar Ratio Rank: 52
QNXT Martin Ratio Rank: 49

GPIQ

GPIQ Risk / Return Rank: 81
GPIQ Sharpe Ratio Rank: 84
GPIQ Sortino Ratio Rank: 81
GPIQ Omega Ratio Rank: 82
GPIQ Calmar Ratio Rank: 77
GPIQ Martin Ratio Rank: 83

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.

QNXT vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq-100 ex Top 30 ETF (QNXT) 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.

	QNXT	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	1.70	2.81	-1.12
Sortino ratio: Return per unit of downside risk	2.37	3.71	-1.34
Omega ratio: Gain probability vs. loss probability	1.29	1.51	-0.21
Calmar ratio: Return relative to maximum drawdown	2.50	3.96	-1.45
Martin ratio: Return relative to average drawdown	8.17	17.48	-9.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QNXT vs. GPIQ - Sharpe Ratio Comparison

The current QNXT Sharpe Ratio is 1.70, which is lower than the GPIQ Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of QNXT 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.

Sharpe Ratios by Period

	QNXT	GPIQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	2.81	-1.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	1.78	-0.89

Drawdowns

QNXT vs. GPIQ - Drawdown Comparison

The maximum QNXT drawdown since its inception was -22.25%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for QNXT and GPIQ.

Drawdown Indicators

	QNXT	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-22.25%	-21.06%	-1.19%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	-9.51%	-0.65%
Current Drawdown Current decline from peak	-0.61%	-0.19%	-0.42%
Average Drawdown Average peak-to-trough decline	-3.79%	-2.27%	-1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	2.15%	+0.96%

Volatility

QNXT vs. GPIQ - Volatility Comparison

iShares Nasdaq-100 ex Top 30 ETF (QNXT) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) have volatilities of 3.52% and 3.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QNXT	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	3.39%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	10.92%	10.44%	+0.48%
Volatility (1Y) Calculated over the trailing 1-year period	15.05%	13.40%	+1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	17.47%	+2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	17.47%	+2.26%

QNXT vs. GPIQ - Expense Ratio Comparison

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

Dividends

QNXT vs. GPIQ - Dividend Comparison

QNXT's dividend yield for the trailing twelve months is around 0.60%, less than GPIQ's 9.32% yield.

Position	TTM	2025	2024	2023
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.32%	9.81%	9.18%	1.74%
QNXT iShares Nasdaq-100 ex Top 30 ETF	0.60%	0.64%	0.22%	0.00%

Frequently Asked Questions

Can I hold both QNXT and GPIQ in my portfolio?

QNXT 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 is riskier, QNXT or GPIQ?

QNXT has higher volatility (3.52%) compared to GPIQ (3.39%). In terms of maximum drawdown, QNXT dropped -22.25% vs GPIQ's -21.06%.

Which ETF is better, QNXT or GPIQ?

On 1-year performance, GPIQ leads with 37.50% vs 25.34% for QNXT. On fees, QNXT is cheaper at 0.20% per year. On volatility, GPIQ has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QNXT or GPIQ?

Over the 1-year period, GPIQ has performed better with a 37.50% return vs 25.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QNXT or GPIQ?

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

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

GPIQ has the higher dividend yield at 9.32%, compared with 0.60% for QNXT.

What is the main difference between QNXT and GPIQ?

They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.20% for QNXT and 0.29% for GPIQ.

Which has better risk-adjusted returns?

GPIQ currently has the higher Sharpe Ratio (2.81 vs 1.70), 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.