QQQH vs. GPIQ
Compare and contrast key facts about NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ).
QQQH and GPIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQH is managed by Neos. It was launched on Dec 19, 2019. 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: QQQH or GPIQ.
Correlation
The correlation between QQQH and GPIQ is 0.87, 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
QQQH vs. GPIQ - Performance Comparison
Key characteristics
QQQH:
0.13
GPIQ:
0.53
QQQH:
1.40
GPIQ:
0.90
QQQH:
1.57
GPIQ:
1.13
QQQH:
0.32
GPIQ:
0.57
QQQH:
3.20
GPIQ:
2.10
QQQH:
5.19%
GPIQ:
5.73%
QQQH:
123.90%
GPIQ:
22.57%
QQQH:
-52.73%
GPIQ:
-21.06%
QQQH:
-6.66%
GPIQ:
-10.34%
Returns By Period
In the year-to-date period, QQQH achieves a -3.09% return, which is significantly higher than GPIQ's -5.50% return.
QQQH
-3.09%
1.10%
-0.50%
15.43%
6.85%
N/A
GPIQ
-5.50%
1.10%
-2.97%
9.98%
N/A
N/A
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QQQH vs. GPIQ - Expense Ratio Comparison
QQQH has a 0.68% expense ratio, which is higher than GPIQ's 0.29% expense ratio.
Risk-Adjusted Performance
QQQH vs. GPIQ — Risk-Adjusted Performance Rank
QQQH
GPIQ
QQQH vs. GPIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) 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.
Dividends
QQQH vs. GPIQ - Dividend Comparison
QQQH's dividend yield for the trailing twelve months is around 8.59%, less than GPIQ's 11.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF | 8.59% | 7.52% | 7.17% | 9.05% | 7.77% | 7.48% | 0.65% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 11.10% | 9.18% | 1.74% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QQQH vs. GPIQ - Drawdown Comparison
The maximum QQQH drawdown since its inception was -52.73%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for QQQH and GPIQ. For additional features, visit the drawdowns tool.
Volatility
QQQH vs. GPIQ - Volatility Comparison
The current volatility for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) is 11.33%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 15.71%. This indicates that QQQH experiences smaller price fluctuations and is considered to be less risky than GPIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.