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QQQL.TO vs. GPIQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQL.TO vs. GPIQ

Last updated Jun 3, 2026

QQQL.TO (Global X Enhanced Nasdaq-100 Index ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both Nasdaq-100 funds. QQQL.TO is passively managed, while GPIQ is actively managed. Over the past year, QQQL.TO returned 56.27% vs 39.91% for GPIQ. A 0.55 correlation means they provide meaningful diversification when combined. QQQL.TO charges 0.49%/yr vs 0.29%/yr for GPIQ.

Performance

QQQL.TO vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

QQQL.TO is traded in CAD, while GPIQ is traded in USD. To make them comparable, the GPIQ values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QQQL.TO achieves a 27.90% return, which is significantly higher than GPIQ's 19.55% return.

QQQL.TO

1D
0.19%
1M
15.99%
YTD
27.90%
6M
24.31%
1Y
56.27%
3Y*
—
5Y*
—
10Y*
—

GPIQ

1D
0.39%
1M
10.62%
YTD
19.55%
6M
17.04%
1Y
39.91%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQL.TO vs. GPIQ - Yearly Performance Comparison

2026 (YTD)20252024
QQQL.TO
Global X Enhanced Nasdaq-100 Index ETF		27.90%16.16%24.06%
GPIQ
Goldman Sachs Nasdaq-100 Core Premium Income ETF		19.55%14.28%17.30%

Correlation

The correlation between QQQL.TO and GPIQ is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.52

Correlation (All Time)
Calculated using the full available price history since May 23, 2024

0.55

The correlation between QQQL.TO and GPIQ has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Enhanced Nasdaq-100 Index ETF

Goldman Sachs Nasdaq-100 Core Premium Income ETF

Often compared with QQQL.TO:
QQQL.TO vs. OOQBQQQL.TO vs. QQQMQQQL.TO vs. SMHQQQL.TO vs. QQCL.TOQQQL.TO vs. HHIS.TOQQQL.TO vs. USSL.TOQQQL.TO vs. QQC.TO
Often compared with GPIQ:
GPIQ vs. QQQIGPIQ vs. JEPQGPIQ vs. GPIXGPIQ vs. QDVOGPIQ vs. JEPIGPIQ vs. SCHDGPIQ vs. QQQM

Return for Risk

QQQL.TO vs. GPIQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQL.TO
QQQL.TO Risk / Return Rank: 8383
Overall Rank
QQQL.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
QQQL.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
QQQL.TO Omega Ratio Rank: 9494
Omega Ratio Rank
QQQL.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
QQQL.TO Martin Ratio Rank: 6363
Martin Ratio Rank
GPIQ
GPIQ Risk / Return Rank: 8484
Overall Rank
GPIQ Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
GPIQ Sortino Ratio Rank: 8484
Sortino Ratio Rank
GPIQ Omega Ratio Rank: 8484
Omega Ratio Rank
GPIQ Calmar Ratio Rank: 8080
Calmar Ratio Rank
GPIQ Martin Ratio Rank: 8686
Martin Ratio Rank
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.

QQQL.TO vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) 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.

QQQL.TOGPIQDifference

Sharpe ratio

Return per unit of total volatility

2.99

3.03

-0.04

Sortino ratio

Return per unit of downside risk

3.96

3.97

-0.01

Omega ratio

Gain probability vs. loss probability

1.69

1.56

+0.13

Calmar ratio

Return relative to maximum drawdown

4.41

4.64

-0.23

Martin ratio

Return relative to average drawdown

11.65

16.57

-4.93

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQL.TO vs. GPIQ - Sharpe Ratio Comparison

The current QQQL.TO Sharpe Ratio is 2.99, which is comparable to the GPIQ Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of QQQL.TO 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.

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Sharpe Ratios by Period

QQQL.TOGPIQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.99

3.03

-0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

1.37

1.84

-0.47

Drawdowns

QQQL.TO vs. GPIQ - Drawdown Comparison

The maximum QQQL.TO drawdown since its inception was -27.82%, which is greater than GPIQ's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for QQQL.TO and GPIQ.

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Drawdown Indicators

QQQL.TOGPIQDifference

Max Drawdown

Largest peak-to-trough decline

-27.82%

-20.87%

-6.95%

Max Drawdown (1Y)

Largest decline over 1 year

-12.69%

-8.65%

-4.04%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.89%

-2.63%

-2.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.80%

2.41%

+2.39%

Volatility

QQQL.TO vs. GPIQ - Volatility Comparison

Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) has a higher volatility of 5.63% compared to Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) at 3.27%. This indicates that QQQL.TO'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

QQQL.TOGPIQDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.63%

3.27%

+2.36%

Volatility (6M)

Calculated over the trailing 6-month period

13.85%

10.23%

+3.62%

Volatility (1Y)

Calculated over the trailing 1-year period

18.89%

13.23%

+5.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.74%

17.02%

+8.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.74%

17.02%

+8.72%

QQQL.TO vs. GPIQ - Expense Ratio Comparison

QQQL.TO has a 0.49% expense ratio, which is higher than GPIQ's 0.29% expense ratio.

Dividends

QQQL.TO vs. GPIQ - Dividend Comparison

QQQL.TO has not paid dividends to shareholders, while GPIQ's dividend yield for the trailing twelve months is around 9.31%.

PositionTTM202520242023
GPIQ
Goldman Sachs Nasdaq-100 Core Premium Income ETF		9.31%9.81%9.18%1.74%
QQQL.TO
Global X Enhanced Nasdaq-100 Index ETF		0.00%0.00%0.00%0.00%

Frequently Asked Questions

QQQL.TO and GPIQ have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, GPIQ is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.49% for QQQL.TO.

They also come from different issuers: Global X and Goldman Sachs. Their fees differ too: 0.49% for QQQL.TO and 0.29% for GPIQ.

Portfolio Optimizer

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