SEPI vs. GPIQ

Last updated Jun 24, 2026

SEPI (Shelton Equity Premium Income ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - SEPI is a Derivative Income fund actively managed by Shelton, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. SEPI charges 0.54%/yr vs 0.29%/yr for GPIQ.

Performance

SEPI vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shelton Equity Premium Income ETF (SEPI) 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, SEPI achieves a 9.44% return, which is significantly lower than GPIQ's 14.86% return.

SEPI

• 1D: -0.61%
• 1M: -0.08%
• YTD: 9.44%
• 6M: 9.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIQ

• 1D: -2.96%
• 1M: -0.00%
• YTD: 14.86%
• 6M: 13.78%
• 1Y: 32.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SEPI vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025
SEPI Shelton Equity Premium Income ETF	9.44%	6.25%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	14.86%	6.98%

Correlation

The correlation between SEPI and GPIQ is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 8, 2025	0.86

Return for Risk

SEPI vs. GPIQ — Risk / Return Rank

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

SEPI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GPIQ

GPIQ Risk / Return Rank: 69
GPIQ Sharpe Ratio Rank: 68
GPIQ Sortino Ratio Rank: 62
GPIQ Omega Ratio Rank: 68
GPIQ Calmar Ratio Rank: 70
GPIQ Martin Ratio Rank: 77

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.

SEPI vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shelton Equity Premium Income ETF (SEPI) 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.

	SEPI	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	—	2.12	—
Sortino ratio: Return per unit of downside risk	—	2.79	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	3.38	—
Martin ratio: Return relative to average drawdown	—	14.28	—

Drawdowns

SEPI vs. GPIQ - Drawdown Comparison

The maximum SEPI drawdown since its inception was -7.66%, smaller than the maximum GPIQ drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for SEPI and GPIQ.

Drawdown Indicators

	SEPI	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-7.66%	-21.06%	+13.40%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.51%	—
Current Drawdown Current decline from peak	-1.87%	-3.21%	+1.34%
Average Drawdown Average peak-to-trough decline	-1.45%	-2.27%	+0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.25%	—

Volatility

Volatility by Period

	SEPI	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.84%	15.17%	-2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.84%	17.88%	-5.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.84%	17.88%	-5.04%

SEPI vs. GPIQ - Expense Ratio Comparison

SEPI has a 0.54% expense ratio, which is higher than GPIQ's 0.29% expense ratio.

Dividends

SEPI vs. GPIQ - Dividend Comparison

SEPI's dividend yield for the trailing twelve months is around 4.75%, less than GPIQ's 9.60% yield.

Position	TTM	2025	2024	2023
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.60%	9.81%	9.18%	1.74%
SEPI Shelton Equity Premium Income ETF	4.75%	1.37%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SEPI and GPIQ in my portfolio?

SEPI and GPIQ have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SEPI or GPIQ?

On fees, GPIQ is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SEPI or GPIQ?

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.54% for SEPI.

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

GPIQ has the higher dividend yield at 9.60%, compared with 4.75% for SEPI.

What is the main difference between SEPI and GPIQ?

SEPI is categorized as Derivative Income, while GPIQ is Nasdaq-100. They also come from different issuers: Shelton and Goldman Sachs. Their fees differ too: 0.54% for SEPI and 0.29% for GPIQ.