VOO vs. GPIQ

Last updated Jul 21, 2026

VOO (Vanguard S&P 500 ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - VOO is a S&P 500 fund tracking the S&P 500 Index, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. VOO is passively managed, while GPIQ is actively managed. Over the past year, VOO returned 19.65% vs 24.18% for GPIQ. Their correlation of 0.93 suggests significant overlap in exposure. VOO charges 0.03%/yr vs 0.29%/yr for GPIQ.

Performance

VOO vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 ETF (VOO) 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, VOO achieves a 9.44% return, which is significantly lower than GPIQ's 12.69% return.

VOO

• 1D: -0.14%
• 1M: -0.57%
• 6M: 7.90%
• YTD: 9.44%
• 1Y: 19.65%
• 3Y*: 19.52%
• 5Y*: 12.88%
• 10Y*: 14.98%
• ALL TIME*: 14.77%

GPIQ

• 1D: 0.09%
• 1M: -4.82%
• 6M: 11.30%
• YTD: 12.69%
• 1Y: 24.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.86%

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

VOO vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VOO Vanguard S&P 500 ETF	9.44%	17.82%	24.98%	14.31%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	12.69%	19.77%	23.22%	15.17%

Correlation

The correlation between VOO and GPIQ is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.93

The correlation between VOO and GPIQ has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

VOO vs. GPIQ - Sectors Allocation Comparison

Sectors	VOO	GPIQ
Technology	38.6%	60.4%
Financial Services	11.4%	0.1%
Communication Services	9.9%	12.5%
Consumer Cyclical	9.5%	10.5%
Healthcare	8.9%	3.6%
Industrials	8.5%	4.1%
Consumer Defensive	4.5%	6.2%
Energy	3.0%	0.4%
Utilities	2.2%	1.3%
Real Estate	1.8%	0.1%
Basic Materials	1.7%	1.1%

Return for Risk

VOO vs. GPIQ — Risk / Return Rank

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

VOO

VOO Risk / Return Rank: 64
VOO Sharpe Ratio Rank: 64
VOO Sortino Ratio Rank: 62
VOO Omega Ratio Rank: 63
VOO Calmar Ratio Rank: 59
VOO Martin Ratio Rank: 72

GPIQ

GPIQ Risk / Return Rank: 64
GPIQ Sharpe Ratio Rank: 61
GPIQ Sortino Ratio Rank: 57
GPIQ Omega Ratio Rank: 59
GPIQ Calmar Ratio Rank: 69
GPIQ Martin Ratio Rank: 75

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.

VOO vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) 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.

	VOO	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.52	+0.05
Sortino ratio: Return per unit of downside risk	2.19	2.07	+0.11
Omega ratio: Gain probability vs. loss probability	1.28	1.27	+0.01
Calmar ratio: Return relative to maximum drawdown	2.22	2.55	-0.34
Martin ratio: Return relative to average drawdown	9.63	10.12	-0.49

VOO vs. GPIQ - Sharpe Ratio Comparison

The current VOO Sharpe Ratio is 1.57, which is comparable to the GPIQ Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of VOO 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

VOO vs. GPIQ - Drawdown Comparison

The maximum VOO drawdown since its inception was -33.99%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for VOO and GPIQ.

Drawdown Indicators

	VOO	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-33.99%	-21.06%	-12.93%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-9.51%	+0.61%
Max Drawdown (3Y) Largest decline over 3 years	-18.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.52%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.99%	—	—
Current Drawdown Current decline from peak	-2.01%	-5.03%	+3.02%
Average Drawdown Average peak-to-trough decline	-3.67%	-2.28%	-1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	2.39%	-0.35%

Volatility

VOO vs. GPIQ - Volatility Comparison

The current volatility for Vanguard S&P 500 ETF (VOO) is 3.36%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 6.63%. This indicates that VOO 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

	VOO	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	6.63%	-3.27%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	13.49%	-3.47%
Volatility (1Y) Calculated over the trailing 1-year period	12.58%	16.03%	-3.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	17.95%	-1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.00%	17.95%	+0.05%

VOO vs. GPIQ - Expense Ratio Comparison

VOO has a 0.03% expense ratio, which is lower than GPIQ's 0.29% expense ratio.

Dividends

VOO vs. GPIQ - Dividend Comparison

VOO's dividend yield for the trailing twelve months is around 1.08%, less than GPIQ's 10.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	10.02%	9.81%	9.18%	1.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.08%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both VOO and GPIQ in my portfolio?

With a correlation of 0.93, VOO 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 is riskier, VOO or GPIQ?

GPIQ has higher volatility (6.63%) compared to VOO (3.36%). In terms of maximum drawdown, VOO dropped -33.99% vs GPIQ's -21.06%.

Which ETF is better, VOO or GPIQ?

On 1-year performance, GPIQ leads with 24.18% vs 19.65% for VOO. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOO or GPIQ?

Over the 1-year period, GPIQ has performed better with a 24.18% return vs 19.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOO or GPIQ?

VOO is cheaper with a 0.03% expense ratio, compared with 0.29% for GPIQ.

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

GPIQ has the higher dividend yield at 10.02%, compared with 1.08% for VOO.

What is the main difference between VOO and GPIQ?

VOO is categorized as S&P 500, while GPIQ is Nasdaq-100. They also come from different issuers: Vanguard and Goldman Sachs. Their fees differ too: 0.03% for VOO and 0.29% for GPIQ.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.57 vs 1.52), 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.