TDAX vs. GPIQ

Last updated Jun 24, 2026

TDAX (TDAQ Lift ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - TDAX is a Leveraged Equities fund actively managed by TappAlpha, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. Both are actively managed. With a 0.96 correlation, they move nearly in lockstep. TDAX charges 0.98%/yr vs 0.29%/yr for GPIQ.

Performance

TDAX vs. GPIQ - Performance Comparison

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

Returns By Period

TDAX

• 1D: -4.29%
• 1M: -2.95%
• YTD: —
• 6M: —
• 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)

TDAX vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)
TDAX TDAQ Lift ETF	13.76%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	13.40%

Correlation

The correlation between TDAX and GPIQ is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026	0.96

Return for Risk

TDAX vs. GPIQ — Risk / Return Rank

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

TDAX

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.

TDAX vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TDAQ Lift ETF (TDAX) 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.

	TDAX	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

TDAX vs. GPIQ - Drawdown Comparison

The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum GPIQ drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for TDAX and GPIQ.

Drawdown Indicators

	TDAX	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-14.69%	-21.06%	+6.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.51%	—
Current Drawdown Current decline from peak	-6.56%	-3.21%	-3.35%
Average Drawdown Average peak-to-trough decline	-3.75%	-2.27%	-1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.25%	—

Volatility

Volatility by Period

	TDAX	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	27.01%	15.17%	+11.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.01%	17.88%	+9.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.01%	17.88%	+9.13%

TDAX vs. GPIQ - Expense Ratio Comparison

TDAX has a 0.98% expense ratio, which is higher than GPIQ's 0.29% expense ratio.

Dividends

TDAX vs. GPIQ - Dividend Comparison

TDAX's dividend yield for the trailing twelve months is around 8.91%, 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%
TDAX TDAQ Lift ETF	8.91%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDAX and GPIQ in my portfolio?

With a correlation of 0.96, TDAX and GPIQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, TDAX 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, TDAX or GPIQ?

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.98% for TDAX.

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

GPIQ has the higher dividend yield at 9.60%, compared with 8.91% for TDAX.

What is the main difference between TDAX and GPIQ?

TDAX is categorized as Leveraged Equities, while GPIQ is Nasdaq-100. They also come from different issuers: TappAlpha and Goldman Sachs. Their fees differ too: 0.98% for TDAX and 0.29% for GPIQ.