QQQL.TO vs. GPIQ
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 32.85% vs 25.54% for GPIQ. Their 0.60 correlation means they have sometimes moved together and sometimes differently. QQQL.TO charges 0.49%/yr vs 0.29%/yr for GPIQ.
Performance
QQQL.TO vs. GPIQ - Performance Comparison
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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 17.78% return, which is significantly higher than GPIQ's 14.25% return.
QQQL.TO
- 1D
- 1.29%
- 1M
- -6.36%
- 6M
- 17.49%
- YTD
- 17.78%
- 1Y
- 32.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.51%
GPIQ
- 1D
- 0.40%
- 1M
- -4.26%
- 6M
- 12.15%
- YTD
- 14.25%
- 1Y
- 25.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$121.82M | CA$115.13M | CA$116.20M | |
| CA$54.65K | CA$68.99K | CA$73.06K |
QQQL.TO vs. GPIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF | 17.78% | 16.12% | 21.98% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 14.25% | 14.31% | 16.13% |
Correlation
The correlation between QQQL.TO and GPIQ is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 27, 2024 | 0.60 |
The correlation between QQQL.TO and GPIQ has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.
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Return for Risk
QQQL.TO vs. GPIQ — Risk / Return Rank
QQQL.TO
GPIQ
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QQQL.TO | GPIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.47 | -0.21 |
| Martin ratioReturn relative to average drawdown | 5.56 | 8.45 | -2.88 |
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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 -20.90%. Use the drawdown chart below to compare losses from any high point for QQQL.TO and GPIQ.
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Drawdown Indicators
| QQQL.TO | GPIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.82% | -20.90% | -6.92% |
Max Drawdown (1Y)Largest decline over 1 year | -13.02% | -9.71% | -3.31% |
Current DrawdownCurrent decline from peak | -9.52% | -6.88% | -2.64% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -2.61% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 2.83% | +2.43% |
Volatility
QQQL.TO vs. GPIQ - Volatility Comparison
Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) has a higher volatility of 7.01% compared to Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) at 6.21%. 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.TO | GPIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 6.21% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 17.95% | 14.36% | +3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.60% | 16.92% | +5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.25% | 18.75% | +7.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.25% | 18.75% | +7.50% |
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 10.12%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.32% | 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 0.65, 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.
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