QTUM vs. GPIX

Last updated Jun 16, 2026

QTUM (Defiance Quantum ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. QTUM is passively managed, while GPIX is actively managed. Over the past year, QTUM returned 94.08% vs 25.72% for GPIX. A 0.78 correlation means they provide meaningful diversification when combined. QTUM charges 0.40%/yr vs 0.29%/yr for GPIX.

Performance

QTUM vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Quantum ETF (QTUM) 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, QTUM achieves a 53.56% return, which is significantly higher than GPIX's 10.28% return.

QTUM

• 1D: 4.18%
• 1M: 17.45%
• YTD: 53.56%
• 6M: 53.19%
• 1Y: 94.08%
• 3Y*: 50.50%
• 5Y*: 29.16%
• 10Y*: —

GPIX

• 1D: 1.51%
• 1M: 2.08%
• YTD: 10.28%
• 6M: 10.95%
• 1Y: 25.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QTUM vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QTUM Defiance Quantum ETF	53.56%	36.65%	50.54%	21.65%
GPIX Goldman Sachs S&P 500 Premium Income ETF	10.28%	16.25%	21.77%	13.04%

Correlation

The correlation between QTUM and GPIX is 0.81, 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	0.81
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.78

The correlation between QTUM and GPIX has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.

QTUM vs. GPIX - Sectors Allocation Comparison

Sectors	QTUM	GPIX
Technology	83.6%	39.2%
Industrials	8.7%	7.7%
Communication Services	4.8%	10.7%
Consumer Cyclical	0.7%	10.1%
Healthcare	0.6%	8.3%
Financial Services	0.0%	10.9%
Basic Materials	-	1.7%
Consumer Defensive	-	4.4%
Energy	-	3.2%
Real Estate	-	1.8%
Utilities	-	2.2%

Return for Risk

QTUM vs. GPIX — Risk / Return Rank

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

QTUM

QTUM Risk / Return Rank: 92
QTUM Sharpe Ratio Rank: 95
QTUM Sortino Ratio Rank: 90
QTUM Omega Ratio Rank: 90
QTUM Calmar Ratio Rank: 94
QTUM Martin Ratio Rank: 93

GPIX

GPIX Risk / Return Rank: 83
GPIX Sharpe Ratio Rank: 84
GPIX Sortino Ratio Rank: 84
GPIX Omega Ratio Rank: 86
GPIX Calmar Ratio Rank: 73
GPIX Martin Ratio Rank: 86

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.

QTUM vs. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Quantum ETF (QTUM) 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.

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.

	QTUM	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	3.31	2.42	+0.89
Sortino ratio: Return per unit of downside risk	3.78	3.30	+0.49
Omega ratio: Gain probability vs. loss probability	1.51	1.46	+0.05
Calmar ratio: Return relative to maximum drawdown	6.20	3.35	+2.85
Martin ratio: Return relative to average drawdown	22.43	16.40	+6.02

QTUM vs. GPIX - Sharpe Ratio Comparison

The current QTUM Sharpe Ratio is 3.31, which is higher than the GPIX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of QTUM 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.

Drawdowns

QTUM vs. GPIX - Drawdown Comparison

The maximum QTUM drawdown since its inception was -38.45%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for QTUM and GPIX.

Drawdown Indicators

	QTUM	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.45%	-17.50%	-20.95%
Max Drawdown (1Y) Largest decline over 1 year	-15.26%	-7.71%	-7.55%
Max Drawdown (3Y) Largest decline over 3 years	-25.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.45%	—	—
Current Drawdown Current decline from peak	-0.42%	-0.14%	-0.28%
Average Drawdown Average peak-to-trough decline	-8.24%	-1.48%	-6.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	1.57%	+2.64%

Volatility

QTUM vs. GPIX - Volatility Comparison

Defiance Quantum ETF (QTUM) has a higher volatility of 14.65% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 4.00%. This indicates that QTUM'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

	QTUM	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.65%	4.00%	+10.65%
Volatility (6M) Calculated over the trailing 6-month period	23.48%	8.63%	+14.85%
Volatility (1Y) Calculated over the trailing 1-year period	28.64%	10.69%	+17.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.06%	13.88%	+13.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.43%	13.88%	+13.55%

QTUM vs. GPIX - Expense Ratio Comparison

QTUM has a 0.40% expense ratio, which is higher than GPIX's 0.29% expense ratio.

Dividends

QTUM vs. GPIX - Dividend Comparison

QTUM's dividend yield for the trailing twelve months is around 0.70%, less than GPIX's 7.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GPIX Goldman Sachs S&P 500 Premium Income ETF	7.97%	8.01%	7.45%	1.40%	0.00%	0.00%	0.00%	0.00%	0.00%
QTUM Defiance Quantum ETF	0.70%	1.01%	0.61%	0.81%	1.46%	0.48%	0.42%	0.61%	0.21%

Frequently Asked Questions

Can I hold both QTUM and GPIX in my portfolio?

QTUM and GPIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QTUM or GPIX?

QTUM has higher volatility (14.65%) compared to GPIX (4.00%). In terms of maximum drawdown, QTUM dropped -38.45% vs GPIX's -17.50%.

Which ETF is better, QTUM or GPIX?

On 1-year performance, QTUM leads with 94.08% vs 25.72% for GPIX. On fees, GPIX is cheaper at 0.29% per year. On volatility, GPIX has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTUM or GPIX?

Over the 1-year period, QTUM has performed better with a 94.08% return vs 25.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTUM or GPIX?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.40% for QTUM.

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

GPIX has the higher dividend yield at 7.97%, compared with 0.70% for QTUM.

What is the main difference between QTUM and GPIX?

QTUM is categorized as Technology Equities, while GPIX is Derivative Income. They also come from different issuers: Defiance and Goldman Sachs. Their fees differ too: 0.40% for QTUM and 0.29% for GPIX.

Which has better risk-adjusted returns?

QTUM currently has the higher Sharpe Ratio (3.31 vs 2.42), 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.