QQQI vs. GPIX

Last updated Jun 9, 2026

QQQI (NEOS Nasdaq-100 High Income ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - QQQI is a Nasdaq-100 fund actively managed by Neos, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. Both are actively managed. Over the past year, QQQI returned 25.86% vs 22.98% for GPIX. Their correlation of 0.92 suggests significant overlap in exposure. QQQI charges 0.68%/yr vs 0.29%/yr for GPIX.

Performance

QQQI vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Nasdaq-100 High Income ETF (QQQI) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQI achieves a 9.93% return, which is significantly higher than GPIX's 8.17% return.

QQQI

• 1D: 1.27%
• 1M: -0.05%
• YTD: 9.93%
• 6M: 9.25%
• 1Y: 25.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIX

• 1D: 0.29%
• 1M: 0.38%
• YTD: 8.17%
• 6M: 8.56%
• 1Y: 22.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQI vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	9.93%	18.62%	19.83%
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.17%	16.25%	18.43%

Correlation

The correlation between QQQI and GPIX is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024	0.92

The correlation between QQQI and GPIX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

QQQI vs. GPIX - Sectors Allocation Comparison

Sectors	QQQI	GPIX
Technology	53.3%	35.5%
Communication Services	15.7%	11.5%
Consumer Cyclical	12.1%	10.1%
Consumer Defensive	7.7%	4.9%
Healthcare	4.3%	8.4%
Industrials	3.3%	8.4%
Utilities	1.5%	2.4%
Basic Materials	1.2%	1.8%
Energy	0.7%	3.5%
Financial Services	0.3%	11.6%
Real Estate	0.1%	2.0%

Return for Risk

QQQI vs. GPIX — Risk / Return Rank

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

QQQI

QQQI Risk / Return Rank: 64
QQQI Sharpe Ratio Rank: 63
QQQI Sortino Ratio Rank: 58
QQQI Omega Ratio Rank: 66
QQQI Calmar Ratio Rank: 60
QQQI Martin Ratio Rank: 71

GPIX

GPIX Risk / Return Rank: 76
GPIX Sharpe Ratio Rank: 76
GPIX Sortino Ratio Rank: 75
GPIX Omega Ratio Rank: 79
GPIX Calmar Ratio Rank: 66
GPIX Martin Ratio Rank: 82

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.

QQQI vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). 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.

	QQQI	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.22	-0.32
Sortino ratio: Return per unit of downside risk	2.48	3.03	-0.54
Omega ratio: Gain probability vs. loss probability	1.36	1.42	-0.07
Calmar ratio: Return relative to maximum drawdown	2.70	2.99	-0.29
Martin ratio: Return relative to average drawdown	11.98	14.96	-2.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQI vs. GPIX - Sharpe Ratio Comparison

The current QQQI Sharpe Ratio is 1.91, which is comparable to the GPIX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of QQQI and GPIX, 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

	QQQI	GPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	2.22	-0.32
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	1.71	-0.50

Drawdowns

QQQI vs. GPIX - Drawdown Comparison

The maximum QQQI drawdown since its inception was -20.00%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for QQQI and GPIX.

Drawdown Indicators

	QQQI	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-20.00%	-17.50%	-2.50%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-7.71%	-1.90%
Current Drawdown Current decline from peak	-3.26%	-2.06%	-1.20%
Average Drawdown Average peak-to-trough decline	-2.20%	-1.48%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	1.54%	+0.62%

Volatility

QQQI vs. GPIX - Volatility Comparison

NEOS Nasdaq-100 High Income ETF (QQQI) has a higher volatility of 5.07% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 3.07%. This indicates that QQQI's price experiences larger fluctuations and is considered to be riskier than GPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQI	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	3.07%	+2.00%
Volatility (6M) Calculated over the trailing 6-month period	10.75%	8.22%	+2.53%
Volatility (1Y) Calculated over the trailing 1-year period	13.65%	10.40%	+3.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.25%	13.84%	+3.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	13.84%	+3.41%

QQQI vs. GPIX - Expense Ratio Comparison

QQQI has a 0.68% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

QQQI vs. GPIX - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 13.61%, more than GPIX's 8.13% yield.

Position	TTM	2025	2024	2023
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.13%	8.01%	7.45%	1.40%
QQQI NEOS Nasdaq-100 High Income ETF	13.61%	13.82%	12.85%	0.00%

Frequently Asked Questions

Can I hold both QQQI and GPIX in my portfolio?

With a correlation of 0.94, QQQI and GPIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QQQI or GPIX?

QQQI has higher volatility (5.07%) compared to GPIX (3.07%). In terms of maximum drawdown, QQQI dropped -20.00% vs GPIX's -17.50%.

Which ETF is better, QQQI or GPIX?

On 1-year performance, QQQI leads with 25.86% vs 22.98% for GPIX. On fees, GPIX is cheaper at 0.29% per year. On volatility, GPIX has been the lower-risk option at 3.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQI or GPIX?

Over the 1-year period, QQQI has performed better with a 25.86% return vs 22.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQI or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.68% for QQQI.

Which ETF pays a higher dividend yield, QQQI or GPIX?

QQQI has the higher dividend yield at 13.61%, compared with 8.13% for GPIX.

What is the main difference between QQQI and GPIX?

QQQI is categorized as Nasdaq-100, while GPIX is Derivative Income. They also come from different issuers: Neos and Goldman Sachs. Their fees differ too: 0.68% for QQQI and 0.29% for GPIX.

Which has better risk-adjusted returns?

GPIX currently has the higher Sharpe Ratio (2.22 vs 1.91), 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.