QQA vs. GPIQ
Compare and contrast key facts about Invesco QQQ Income Advantage ETF (QQA) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ).
QQA and GPIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQA is an actively managed fund by Invesco. It was launched on Jul 17, 2024. GPIQ is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQA or GPIQ.
Correlation
The correlation between QQA and GPIQ is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QQA vs. GPIQ - Performance Comparison
Key characteristics
QQA:
17.20%
GPIQ:
15.32%
QQA:
-8.41%
GPIQ:
-11.66%
QQA:
-0.29%
GPIQ:
-0.30%
Returns By Period
In the year-to-date period, QQA achieves a 4.37% return, which is significantly lower than GPIQ's 5.08% return.
QQA
4.37%
1.81%
13.61%
N/A
N/A
N/A
GPIQ
5.08%
2.51%
14.14%
24.80%
N/A
N/A
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QQA vs. GPIQ - Expense Ratio Comparison
Both QQA and GPIQ have an expense ratio of 0.29%.
Risk-Adjusted Performance
QQA vs. GPIQ — Risk-Adjusted Performance Rank
QQA
GPIQ
QQA vs. GPIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Income Advantage ETF (QQA) 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.
Not enough dataDividends
QQA vs. GPIQ - Dividend Comparison
QQA's dividend yield for the trailing twelve months is around 4.98%, less than GPIQ's 9.83% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
QQA Invesco QQQ Income Advantage ETF | 4.98% | 4.29% | 0.00% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.83% | 9.18% | 1.74% |
Drawdowns
QQA vs. GPIQ - Drawdown Comparison
The maximum QQA drawdown since its inception was -8.41%, smaller than the maximum GPIQ drawdown of -11.66%. Use the drawdown chart below to compare losses from any high point for QQA and GPIQ. For additional features, visit the drawdowns tool.
Volatility
QQA vs. GPIQ - Volatility Comparison
Invesco QQQ Income Advantage ETF (QQA) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) have volatilities of 4.00% and 3.87%, 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.