VLUE vs. GPIQ

Last updated Jun 14, 2026

VLUE (iShares MSCI USA Value Factor ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - VLUE is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. VLUE is passively managed, while GPIQ is actively managed. Over the past year, VLUE returned 85.32% vs 34.42% for GPIQ. A 0.64 correlation means they provide meaningful diversification when combined. VLUE charges 0.15%/yr vs 0.29%/yr for GPIQ.

Performance

VLUE vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Value Factor ETF (VLUE) 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, VLUE achieves a 45.72% return, which is significantly higher than GPIQ's 15.73% return.

VLUE

• 1D: 0.40%
• 1M: 7.72%
• YTD: 45.72%
• 6M: 46.53%
• 1Y: 85.32%
• 3Y*: 31.47%
• 5Y*: 16.01%
• 10Y*: 15.38%

GPIQ

• 1D: 0.71%
• 1M: 0.64%
• YTD: 15.73%
• 6M: 16.33%
• 1Y: 34.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VLUE vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VLUE iShares MSCI USA Value Factor ETF	45.72%	32.67%	7.25%	17.10%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	15.73%	19.77%	23.22%	15.17%

Correlation

The correlation between VLUE 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 26, 2023	0.64

The correlation between VLUE and GPIQ has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.

VLUE vs. GPIQ - Sectors Allocation Comparison

Sectors	VLUE	GPIQ
Technology	40.0%	58.7%
Financial Services	10.5%	0.2%
Consumer Cyclical	10.4%	11.6%
Communication Services	9.5%	14.1%
Industrials	8.2%	2.6%
Healthcare	8.0%	3.6%
Consumer Defensive	4.4%	6.4%
Energy	3.6%	0.5%
Utilities	2.0%	1.3%
Real Estate	1.8%	0.1%
Basic Materials	1.4%	1.0%

Return for Risk

VLUE vs. GPIQ — Risk / Return Rank

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

VLUE

VLUE Risk / Return Rank: 97
VLUE Sharpe Ratio Rank: 98
VLUE Sortino Ratio Rank: 97
VLUE Omega Ratio Rank: 96
VLUE Calmar Ratio Rank: 97
VLUE Martin Ratio Rank: 97

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.

VLUE vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Value Factor ETF (VLUE) 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.

	VLUE	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	4.55	2.29	+2.26
Sortino ratio: Return per unit of downside risk	5.75	3.00	+2.74
Omega ratio: Gain probability vs. loss probability	1.77	1.42	+0.36
Calmar ratio: Return relative to maximum drawdown	9.25	3.50	+5.75
Martin ratio: Return relative to average drawdown	39.16	14.86	+24.30

VLUE vs. GPIQ - Sharpe Ratio Comparison

The current VLUE Sharpe Ratio is 4.55, which is higher than the GPIQ Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of VLUE 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

VLUE vs. GPIQ - Drawdown Comparison

The maximum VLUE drawdown since its inception was -39.47%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for VLUE and GPIQ.

Drawdown Indicators

	VLUE	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-39.47%	-21.06%	-18.41%
Max Drawdown (1Y) Largest decline over 1 year	-9.04%	-9.51%	+0.47%
Max Drawdown (3Y) Largest decline over 3 years	-17.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.47%	—	—
Current Drawdown Current decline from peak	-2.61%	-2.35%	-0.26%
Average Drawdown Average peak-to-trough decline	-6.01%	-2.28%	-3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	2.24%	-0.11%

Volatility

VLUE vs. GPIQ - Volatility Comparison

iShares MSCI USA Value Factor ETF (VLUE) has a higher volatility of 8.83% compared to Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) at 6.42%. This indicates that VLUE'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

	VLUE	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.83%	6.42%	+2.41%
Volatility (6M) Calculated over the trailing 6-month period	15.31%	11.92%	+3.39%
Volatility (1Y) Calculated over the trailing 1-year period	18.38%	14.53%	+3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.00%	17.72%	+0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	17.72%	+2.19%

VLUE vs. GPIQ - Expense Ratio Comparison

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

Dividends

VLUE vs. GPIQ - Dividend Comparison

VLUE's dividend yield for the trailing twelve months is around 1.43%, 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%
VLUE iShares MSCI USA Value Factor ETF	1.43%	2.11%	2.73%	2.66%	3.18%	2.22%	2.42%	2.61%	2.70%	2.14%	2.07%	2.39%

Frequently Asked Questions

Can I hold both VLUE and GPIQ in my portfolio?

VLUE 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, VLUE or GPIQ?

VLUE has higher volatility (8.83%) compared to GPIQ (6.42%). In terms of maximum drawdown, VLUE dropped -39.47% vs GPIQ's -21.06%.

Which ETF is better, VLUE or GPIQ?

On 1-year performance, VLUE leads with 85.32% vs 34.42% for GPIQ. On fees, VLUE is cheaper at 0.15% 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, VLUE or GPIQ?

Over the 1-year period, VLUE has performed better with a 85.32% return vs 34.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VLUE or GPIQ?

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

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

GPIQ has the higher dividend yield at 9.53%, compared with 1.43% for VLUE.

What is the main difference between VLUE and GPIQ?

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

Which has better risk-adjusted returns?

VLUE currently has the higher Sharpe Ratio (4.55 vs 2.29), 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.