QQQM vs. GPIQ

Last updated Apr 3, 2026

Compare and contrast key facts about Invesco NASDAQ 100 ETF (QQQM) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ).

QQQM and GPIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. GPIQ is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023.

Performance

QQQM vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ 100 ETF (QQQM) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). The values are adjusted to include any dividend payments, if applicable.

QQQM vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QQQM Invesco NASDAQ 100 ETF	-4.64%	20.85%	25.68%	19.59%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	-2.68%	19.77%	23.22%	15.38%

Returns By Period

In the year-to-date period, QQQM achieves a -4.64% return, which is significantly lower than GPIQ's -2.68% return.

QQQM

• 1D: 0.12%
• 1M: -2.64%
• YTD: -4.64%
• 6M: -3.14%
• 1Y: 23.54%
• 3Y*: 23.07%
• 5Y*: 13.26%
• 10Y*: —

GPIQ

• 1D: 0.18%
• 1M: -1.87%
• YTD: -2.68%
• 6M: 0.11%
• 1Y: 23.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQM vs. GPIQ - Expense Ratio Comparison

QQQM has a 0.15% expense ratio, which is lower than GPIQ's 0.29% expense ratio.

GPIQ

Goldman Sachs Nasdaq-100 Core Premium Income ETF

QQQM

Invesco NASDAQ 100 ETF

Return for Risk

QQQM vs. GPIQ — Risk / Return Rank

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

QQQM

QQQM Risk / Return Rank: 60
QQQM Sharpe Ratio Rank: 55
QQQM Sortino Ratio Rank: 59
QQQM Omega Ratio Rank: 59
QQQM Calmar Ratio Rank: 66
QQQM Martin Ratio Rank: 61

GPIQ

GPIQ Risk / Return Rank: 67
GPIQ Sharpe Ratio Rank: 60
GPIQ Sortino Ratio Rank: 66
GPIQ Omega Ratio Rank: 68
GPIQ Calmar Ratio Rank: 67
GPIQ Martin Ratio Rank: 74

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.

QQQM vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) 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.

	QQQM	GPIQ	Difference
Sharpe ratio Return per unit of total volatility	1.05	1.14	-0.09
Sortino ratio Return per unit of downside risk	1.63	1.76	-0.13
Omega ratio Gain probability vs. loss probability	1.23	1.27	-0.03
Calmar ratio Return relative to maximum drawdown	1.95	1.98	-0.04
Martin ratio Return relative to average drawdown	7.03	8.98	-1.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQM vs. GPIQ - Sharpe Ratio Comparison

The current QQQM Sharpe Ratio is 1.05, which is comparable to the GPIQ Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of QQQM and GPIQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QQQM	GPIQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	1.14	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	1.31	-0.68

Correlation

The correlation between QQQM and GPIQ is 0.99, 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.

Dividends

QQQM vs. GPIQ - Dividend Comparison

QQQM's dividend yield for the trailing twelve months is around 0.53%, less than GPIQ's 10.73% yield.

	TTM	2025	2024	2023	2022	2021	2020
QQQM Invesco NASDAQ 100 ETF	0.53%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	10.73%	9.81%	9.18%	1.74%	0.00%	0.00%	0.00%

Drawdowns

QQQM vs. GPIQ - Drawdown Comparison

The maximum QQQM drawdown since its inception was -35.04%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for QQQM and GPIQ.

Drawdown Indicators

	QQQM	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-35.04%	-21.06%	-13.98%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-9.51%	-2.45%
Max Drawdown (5Y) Largest decline over 5 years	-35.04%	—	—
Current Drawdown Current decline from peak	-7.75%	-5.44%	-2.31%
Average Drawdown Average peak-to-trough decline	-8.47%	-2.38%	-6.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	2.66%	+0.82%

Volatility

QQQM vs. GPIQ - Volatility Comparison

Invesco NASDAQ 100 ETF (QQQM) has a higher volatility of 6.37% compared to Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) at 5.97%. This indicates that QQQM'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.

Volatility by Period

	QQQM	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.37%	5.97%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	12.78%	11.22%	+1.56%
Volatility (1Y) Calculated over the trailing 1-year period	22.43%	20.44%	+1.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.23%	17.72%	+4.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.26%	17.72%	+4.54%