QUS vs. GPIQ

Last updated Jun 4, 2026

QUS (SPDR MSCI USA StrategicFactors ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - QUS is a Large Cap Growth Equities fund tracking the MSCI USA Factor Mix A-Series Capped (USD), while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. QUS is passively managed, while GPIQ is actively managed. Over the past year, QUS returned 17.65% vs 37.50% for GPIQ. A 0.75 correlation means they provide meaningful diversification when combined. QUS charges 0.15%/yr vs 0.29%/yr for GPIQ.

Performance

QUS vs. GPIQ - Performance Comparison

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

Returns By Period

In the year-to-date period, QUS achieves a 6.67% return, which is significantly lower than GPIQ's 18.30% return.

QUS

• 1D: -0.43%
• 1M: 2.68%
• YTD: 6.67%
• 6M: 6.93%
• 1Y: 17.65%
• 3Y*: 17.53%
• 5Y*: 11.08%
• 10Y*: 13.67%

GPIQ

• 1D: -0.19%
• 1M: 8.51%
• YTD: 18.30%
• 6M: 17.64%
• 1Y: 37.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QUS vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QUS SPDR MSCI USA StrategicFactors ETF	6.67%	14.13%	18.99%	13.41%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	18.30%	19.77%	23.22%	15.38%

Correlation

The correlation between QUS and GPIQ is 0.72, 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	0.72
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023	0.75

The correlation between QUS and GPIQ has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.

QUS vs. GPIQ - Sectors Allocation Comparison

Sectors	QUS	GPIQ
Technology	26.3%	53.8%
Financial Services	14.6%	0.2%
Healthcare	13.4%	4.2%
Communication Services	10.2%	15.8%
Consumer Defensive	9.2%	7.7%
Industrials	8.6%	2.9%
Consumer Cyclical	5.8%	12.3%
Energy	4.6%	0.6%
Utilities	3.6%	1.4%
Basic Materials	2.3%	1.1%
Real Estate	1.4%	0.1%

Return for Risk

QUS vs. GPIQ — Risk / Return Rank

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

QUS

QUS Risk / Return Rank: 57
QUS Sharpe Ratio Rank: 56
QUS Sortino Ratio Rank: 58
QUS Omega Ratio Rank: 55
QUS Calmar Ratio Rank: 52
QUS Martin Ratio Rank: 63

GPIQ

GPIQ Risk / Return Rank: 81
GPIQ Sharpe Ratio Rank: 84
GPIQ Sortino Ratio Rank: 81
GPIQ Omega Ratio Rank: 82
GPIQ Calmar Ratio Rank: 77
GPIQ Martin Ratio Rank: 83

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.

QUS vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI USA StrategicFactors ETF (QUS) 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.

	QUS	GPIQ	Difference
Sharpe ratio Return per unit of total volatility	1.95	2.81	-0.86
Sortino ratio Return per unit of downside risk	2.81	3.71	-0.91
Omega ratio Gain probability vs. loss probability	1.35	1.51	-0.16
Calmar ratio Return relative to maximum drawdown	2.59	3.96	-1.37
Martin ratio Return relative to average drawdown	11.54	17.48	-5.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QUS vs. GPIQ - Sharpe Ratio Comparison

The current QUS Sharpe Ratio is 1.95, which is lower than the GPIQ Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of QUS 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.

Sharpe Ratios by Period

	QUS	GPIQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	2.81	-0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	1.78	-1.01

Drawdowns

QUS vs. GPIQ - Drawdown Comparison

The maximum QUS drawdown since its inception was -33.78%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for QUS and GPIQ.

Drawdown Indicators

	QUS	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-33.78%	-21.06%	-12.72%
Max Drawdown (1Y) Largest decline over 1 year	-6.85%	-9.51%	+2.66%
Max Drawdown (3Y) Largest decline over 3 years	-13.94%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.78%	—	—
Current Drawdown Current decline from peak	-0.50%	-0.19%	-0.31%
Average Drawdown Average peak-to-trough decline	-3.70%	-2.27%	-1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	2.15%	-0.62%

Volatility

QUS vs. GPIQ - Volatility Comparison

The current volatility for SPDR MSCI USA StrategicFactors ETF (QUS) is 1.78%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 3.39%. This indicates that QUS experiences smaller price fluctuations and is considered to be less risky than GPIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QUS	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.78%	3.39%	-1.61%
Volatility (6M) Calculated over the trailing 6-month period	6.66%	10.44%	-3.78%
Volatility (1Y) Calculated over the trailing 1-year period	9.09%	13.40%	-4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.33%	17.47%	-3.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.42%	17.47%	-1.05%

QUS vs. GPIQ - Expense Ratio Comparison

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

Dividends

QUS vs. GPIQ - Dividend Comparison

QUS's dividend yield for the trailing twelve months is around 1.31%, less than GPIQ's 9.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.32%	9.81%	9.18%	1.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QUS SPDR MSCI USA StrategicFactors ETF	1.31%	1.38%	1.49%	1.57%	1.68%	1.27%	1.73%	1.81%	2.12%	1.86%	2.07%	1.48%

Frequently Asked Questions

Can I hold both QUS and GPIQ in my portfolio?

QUS and GPIQ have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QUS or GPIQ?

GPIQ has higher volatility (3.39%) compared to QUS (1.78%). In terms of maximum drawdown, QUS dropped -33.78% vs GPIQ's -21.06%.

Which ETF is better, QUS or GPIQ?

On 1-year performance, GPIQ leads with 37.50% vs 17.65% for QUS. On fees, QUS is cheaper at 0.15% per year. On volatility, QUS has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QUS or GPIQ?

Over the 1-year period, GPIQ has performed better with a 37.50% return vs 17.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QUS or GPIQ?

QUS is cheaper with a 0.15% expense ratio, compared with 0.29% for GPIQ.

Which ETF pays a higher dividend yield, QUS or GPIQ?

GPIQ has the higher dividend yield at 9.32%, compared with 1.31% for QUS.

What is the main difference between QUS and GPIQ?

QUS is categorized as Large Cap Growth Equities, while GPIQ is Nasdaq-100. They also come from different issuers: State Street and Goldman Sachs. Their fees differ too: 0.15% for QUS and 0.29% for GPIQ.

Which has better risk-adjusted returns?

GPIQ currently has the higher Sharpe Ratio (2.81 vs 1.95), 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.