SDEM vs. GPIQ

Last updated Jun 13, 2026

SDEM (Global X MSCI SuperDividend Emerging Markets ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - SDEM is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Top 50 Dividend, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. SDEM is passively managed, while GPIQ is actively managed. Over the past year, SDEM returned 28.12% vs 33.15% for GPIQ. At a 0.41 correlation, their price movements are largely independent. SDEM charges 0.67%/yr vs 0.29%/yr for GPIQ.

Performance

SDEM vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI SuperDividend Emerging Markets ETF (SDEM) 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, SDEM achieves a 11.17% return, which is significantly lower than GPIQ's 15.73% return.

SDEM

• 1D: 0.93%
• 1M: 0.85%
• YTD: 11.17%
• 6M: 12.41%
• 1Y: 28.12%
• 3Y*: 19.18%
• 5Y*: 4.51%
• 10Y*: 5.26%

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)

SDEM vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SDEM Global X MSCI SuperDividend Emerging Markets ETF	11.17%	32.01%	4.02%	12.60%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	15.73%	19.77%	23.22%	15.17%

Correlation

The correlation between SDEM and GPIQ is 0.53, 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	0.53
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.41

The correlation between SDEM and GPIQ shifts across timeframes, from 0.41 (all time) to 0.53 (1 year), reflecting how their relationship changes across market environments.

SDEM vs. GPIQ - Sectors Allocation Comparison

Sectors	SDEM	GPIQ
Financial Services	25.9%	0.2%
Industrials	11.5%	2.9%
Utilities	7.1%	1.4%
Communication Services	5.7%	15.8%
Consumer Defensive	5.5%	7.7%
Real Estate	5.2%	0.1%
Basic Materials	3.9%	1.1%
Consumer Cyclical	3.7%	12.3%
Energy	3.5%	0.6%
Technology	2.6%	53.8%
Healthcare	1.8%	4.2%

Return for Risk

SDEM vs. GPIQ — Risk / Return Rank

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

SDEM

SDEM Risk / Return Rank: 69
SDEM Sharpe Ratio Rank: 72
SDEM Sortino Ratio Rank: 72
SDEM Omega Ratio Rank: 67
SDEM Calmar Ratio Rank: 71
SDEM 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.

SDEM vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI SuperDividend Emerging Markets ETF (SDEM) 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.

	SDEM	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.29	-0.26
Sortino ratio: Return per unit of downside risk	2.83	3.00	-0.17
Omega ratio: Gain probability vs. loss probability	1.35	1.42	-0.07
Calmar ratio: Return relative to maximum drawdown	3.13	3.50	-0.37
Martin ratio: Return relative to average drawdown	10.28	14.86	-4.58

SDEM vs. GPIQ - Sharpe Ratio Comparison

The current SDEM Sharpe Ratio is 2.03, which is comparable to the GPIQ Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of SDEM 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

SDEM vs. GPIQ - Drawdown Comparison

The maximum SDEM drawdown since its inception was -47.38%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for SDEM and GPIQ.

Drawdown Indicators

	SDEM	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-47.38%	-21.06%	-26.32%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-9.51%	+0.48%
Max Drawdown (3Y) Largest decline over 3 years	-12.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.38%	—	—
Current Drawdown Current decline from peak	-3.49%	-2.35%	-1.14%
Average Drawdown Average peak-to-trough decline	-20.66%	-2.28%	-18.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	2.24%	+0.50%

Volatility

SDEM vs. GPIQ - Volatility Comparison

The current volatility for Global X MSCI SuperDividend Emerging Markets ETF (SDEM) is 4.90%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 6.42%. This indicates that SDEM 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

	SDEM	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	6.42%	-1.52%
Volatility (6M) Calculated over the trailing 6-month period	11.48%	11.92%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	13.91%	14.53%	-0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.47%	17.72%	-0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.22%	17.72%	+1.50%

SDEM vs. GPIQ - Expense Ratio Comparison

SDEM has a 0.67% expense ratio, which is higher than GPIQ's 0.29% expense ratio.

Dividends

SDEM vs. GPIQ - Dividend Comparison

SDEM's dividend yield for the trailing twelve months is around 4.99%, 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%
SDEM Global X MSCI SuperDividend Emerging Markets ETF	4.99%	5.27%	7.28%	7.50%	8.86%	8.14%	6.30%	6.47%	6.55%	5.01%	5.06%	6.14%

Frequently Asked Questions

Can I hold both SDEM and GPIQ in my portfolio?

SDEM and GPIQ have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDEM or GPIQ?

GPIQ has higher volatility (6.42%) compared to SDEM (4.90%). In terms of maximum drawdown, SDEM dropped -47.38% vs GPIQ's -21.06%.

Which ETF is better, SDEM or GPIQ?

On 1-year performance, GPIQ leads with 33.15% vs 28.12% for SDEM. On fees, GPIQ is cheaper at 0.29% per year. On volatility, SDEM has been the lower-risk option at 4.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDEM or GPIQ?

Over the 1-year period, GPIQ has performed better with a 33.15% return vs 28.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDEM or GPIQ?

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.67% for SDEM.

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

GPIQ has the higher dividend yield at 9.53%, compared with 4.99% for SDEM.

What is the main difference between SDEM and GPIQ?

SDEM is categorized as Emerging Markets Equities, while GPIQ is Nasdaq-100. They also come from different issuers: Global X and Goldman Sachs. Their fees differ too: 0.67% for SDEM and 0.29% for GPIQ.

Which has better risk-adjusted returns?

GPIQ currently has the higher Sharpe Ratio (2.29 vs 2.03), 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.