SCHF vs. GPIQ

Last updated Jun 13, 2026

SCHF (Schwab International Equity ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - SCHF is a Foreign Large Cap Equities fund tracking the FTSE Developed ex U.S. Index, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. SCHF is passively managed, while GPIQ is actively managed. Over the past year, SCHF returned 30.20% vs 33.15% for GPIQ. A 0.65 correlation means they provide meaningful diversification when combined. SCHF charges 0.06%/yr vs 0.29%/yr for GPIQ.

Performance

SCHF vs. GPIQ - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with SCHF having a 15.39% return and GPIQ slightly higher at 15.73%.

SCHF

• 1D: 0.29%
• 1M: 1.57%
• YTD: 15.39%
• 6M: 17.24%
• 1Y: 30.20%
• 3Y*: 19.18%
• 5Y*: 9.76%
• 10Y*: 10.82%

GPIQ

• 1D: 0.71%
• 1M: 1.26%
• YTD: 15.73%
• 6M: 16.33%
• 1Y: 33.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCHF vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SCHF Schwab International Equity ETF	15.39%	34.55%	3.28%	15.20%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	15.73%	19.77%	23.22%	15.17%

Correlation

The correlation between SCHF and GPIQ is 0.73, 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	0.73
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.65

The correlation between SCHF and GPIQ has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.

SCHF vs. GPIQ - Sectors Allocation Comparison

Sectors	SCHF	GPIQ
Financial Services	24.0%	0.2%
Technology	21.4%	53.8%
Industrials	8.9%	2.9%
Healthcare	7.3%	4.2%
Basic Materials	5.8%	1.1%
Energy	5.5%	0.6%
Consumer Defensive	4.5%	7.7%
Consumer Cyclical	4.4%	12.3%
Communication Services	1.8%	15.8%
Utilities	1.0%	1.4%
Real Estate	0.2%	0.1%

Return for Risk

SCHF vs. GPIQ — Risk / Return Rank

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

SCHF

SCHF Risk / Return Rank: 63
SCHF Sharpe Ratio Rank: 64
SCHF Sortino Ratio Rank: 62
SCHF Omega Ratio Rank: 63
SCHF Calmar Ratio Rank: 61
SCHF Martin Ratio Rank: 64

GPIQ

GPIQ Risk / Return Rank: 81
GPIQ Sharpe Ratio Rank: 83
GPIQ Sortino Ratio Rank: 78
GPIQ Omega Ratio Rank: 81
GPIQ Calmar Ratio Rank: 78
GPIQ Martin Ratio Rank: 84

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.

SCHF vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Equity ETF (SCHF) 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.

	SCHF	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.29	-0.47
Sortino ratio: Return per unit of downside risk	2.52	3.00	-0.49
Omega ratio: Gain probability vs. loss probability	1.33	1.42	-0.09
Calmar ratio: Return relative to maximum drawdown	2.64	3.50	-0.86
Martin ratio: Return relative to average drawdown	10.14	14.86	-4.72

SCHF vs. GPIQ - Sharpe Ratio Comparison

The current SCHF Sharpe Ratio is 1.82, which is comparable to the GPIQ Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of SCHF 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.

Drawdowns

SCHF vs. GPIQ - Drawdown Comparison

The maximum SCHF drawdown since its inception was -34.87%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for SCHF and GPIQ.

Drawdown Indicators

	SCHF	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-34.87%	-21.06%	-13.81%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-9.51%	-1.97%
Max Drawdown (3Y) Largest decline over 3 years	-13.41%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.87%	—	—
Current Drawdown Current decline from peak	-1.00%	-2.35%	+1.35%
Average Drawdown Average peak-to-trough decline	-7.37%	-2.28%	-5.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	2.24%	+0.75%

Volatility

SCHF vs. GPIQ - Volatility Comparison

Schwab International Equity ETF (SCHF) has a higher volatility of 6.91% compared to Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) at 6.42%. This indicates that SCHF'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

	SCHF	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.91%	6.42%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	14.42%	11.92%	+2.50%
Volatility (1Y) Calculated over the trailing 1-year period	16.67%	14.53%	+2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.56%	17.72%	-1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.24%	17.72%	-0.48%

SCHF vs. GPIQ - Expense Ratio Comparison

SCHF has a 0.06% expense ratio, which is lower than GPIQ's 0.29% expense ratio.

Dividends

SCHF vs. GPIQ - Dividend Comparison

SCHF's dividend yield for the trailing twelve months is around 2.96%, less than GPIQ's 9.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.53%	9.81%	9.18%	1.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHF Schwab International Equity ETF	2.96%	3.42%	3.26%	2.97%	2.80%	3.19%	2.08%	2.95%	3.06%	2.35%	2.58%	2.26%

Frequently Asked Questions

Can I hold both SCHF and GPIQ in my portfolio?

SCHF and GPIQ have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHF or GPIQ?

SCHF has higher volatility (6.91%) compared to GPIQ (6.42%). In terms of maximum drawdown, SCHF dropped -34.87% vs GPIQ's -21.06%.

Which ETF is better, SCHF or GPIQ?

On 1-year performance, GPIQ leads with 33.15% vs 30.20% for SCHF. On fees, SCHF is cheaper at 0.06% per year. On volatility, GPIQ has been the lower-risk option at 6.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHF or GPIQ?

Over the 1-year period, GPIQ has performed better with a 33.15% return vs 30.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHF or GPIQ?

SCHF is cheaper with a 0.06% expense ratio, compared with 0.29% for GPIQ.

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

GPIQ has the higher dividend yield at 9.53%, compared with 2.96% for SCHF.

What is the main difference between SCHF and GPIQ?

SCHF is categorized as Foreign Large Cap Equities, while GPIQ is Nasdaq-100. They also come from different issuers: Charles Schwab and Goldman Sachs. Their fees differ too: 0.06% for SCHF and 0.29% for GPIQ.

Which has better risk-adjusted returns?

GPIQ currently has the higher Sharpe Ratio (2.29 vs 1.82), 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.