XDIV vs. GPIQ

Last updated Aug 2, 2026

XDIV (Roundhill S&P 500 No Dividend Target ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - XDIV is a S&P 500 fund actively managed by Roundhill, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. Both are actively managed. Over the past year, XDIV returned 21.62% vs 24.16% for GPIQ. Their correlation of 0.91 means they have usually moved in the same direction. XDIV charges 0.08%/yr vs 0.29%/yr for GPIQ.

Performance

XDIV vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill S&P 500 No Dividend Target ETF (XDIV) 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, XDIV achieves a 9.87% return, which is significantly lower than GPIQ's 11.67% return.

XDIV

• 1D: 0.84%
• 1M: 0.16%
• 6M: 8.62%
• YTD: 9.87%
• 1Y: 21.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.71%

GPIQ

• 1D: 0.58%
• 1M: -2.85%
• 6M: 9.86%
• YTD: 11.67%
• 1Y: 24.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	$86.57M	$81.60M	$83.20M
XDIV Roundhill S&P 500 No Dividend Target ETF	$776.99K	$488.30K	$530.83K

XDIV vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	9.87%	10.07%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	11.67%	11.06%

Correlation

The correlation between XDIV and GPIQ is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.91

The correlation between XDIV and GPIQ has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

XDIV vs. GPIQ - Sectors Allocation Comparison

Sectors	XDIV	GPIQ
Technology	38.5%	60.7%
Financial Services	11.6%	0.2%
Communication Services	9.9%	11.8%
Consumer Cyclical	9.5%	10.1%
Healthcare	8.9%	3.7%
Industrials	8.4%	4.2%
Consumer Defensive	4.5%	6.4%
Energy	3.0%	0.5%
Utilities	2.2%	1.4%
Real Estate	1.8%	0.1%
Basic Materials	1.7%	1.1%

Return for Risk

XDIV vs. GPIQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XDIV

XDIV Risk / Return Rank: 67
XDIV Sharpe Ratio Rank: 68
XDIV Sortino Ratio Rank: 66
XDIV Omega Ratio Rank: 66
XDIV Calmar Ratio Rank: 62
XDIV Martin Ratio Rank: 76

GPIQ

GPIQ Risk / Return Rank: 60
GPIQ Sharpe Ratio Rank: 57
GPIQ Sortino Ratio Rank: 54
GPIQ Omega Ratio Rank: 55
GPIQ Calmar Ratio Rank: 68
GPIQ Martin Ratio Rank: 68

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XDIV vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 No Dividend Target ETF (XDIV) 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.

	XDIV	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.34	+0.20
Sortino ratio: Return per unit of downside risk	2.16	1.87	+0.28
Omega ratio: Gain probability vs. loss probability	1.28	1.24	+0.04
Calmar ratio: Return relative to maximum drawdown	2.18	2.35	-0.17
Martin ratio: Return relative to average drawdown	9.38	8.33	+1.05

XDIV vs. GPIQ - Sharpe Ratio Comparison

The current XDIV Sharpe Ratio is 1.54, which is comparable to the GPIQ Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of XDIV 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

XDIV vs. GPIQ - Drawdown Comparison

The maximum XDIV drawdown since its inception was -9.16%, smaller than the maximum GPIQ drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for XDIV and GPIQ.

Drawdown Indicators

	XDIV	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-21.06%	+11.90%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-9.51%	+0.35%
Current Drawdown Current decline from peak	-1.35%	-5.90%	+4.55%
Average Drawdown Average peak-to-trough decline	-1.31%	-2.33%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	2.68%	-0.56%

Volatility

XDIV vs. GPIQ - Volatility Comparison

The current volatility for Roundhill S&P 500 No Dividend Target ETF (XDIV) is 3.29%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 6.39%. This indicates that XDIV 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

	XDIV	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	6.39%	-3.10%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	14.09%	-3.85%
Volatility (1Y) Calculated over the trailing 1-year period	12.97%	16.69%	-3.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.66%	18.06%	-5.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.66%	18.06%	-5.40%

XDIV vs. GPIQ - Expense Ratio Comparison

XDIV has a 0.08% expense ratio, which is lower than GPIQ's 0.29% expense ratio.

Dividends

XDIV vs. GPIQ - Dividend Comparison

XDIV has not paid dividends to shareholders, while GPIQ's dividend yield for the trailing twelve months is around 10.12%.

Position	TTM	2025	2024	2023
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.32%	9.81%	9.18%	1.74%
XDIV Roundhill S&P 500 No Dividend Target ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDIV and GPIQ in my portfolio?

With a correlation of 0.91, XDIV 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, XDIV or GPIQ?

GPIQ has higher volatility (6.39%) compared to XDIV (3.29%). In terms of maximum drawdown, XDIV dropped -9.16% vs GPIQ's -21.06%.

Which ETF is better, XDIV or GPIQ?

On 1-year performance, GPIQ leads with 24.16% vs 21.62% for XDIV. On fees, XDIV is cheaper at 0.08% per year. On volatility, XDIV has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDIV or GPIQ?

Over the 1-year period, GPIQ has performed better with a 24.16% return vs 21.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDIV or GPIQ?

XDIV is cheaper with a 0.08% expense ratio, compared with 0.29% for GPIQ.

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

GPIQ has the higher dividend yield at 9.32%, compared with 0.00% for XDIV.

What is the main difference between XDIV and GPIQ?

XDIV is categorized as S&P 500, while GPIQ is Nasdaq-100. They also come from different issuers: Roundhill and Goldman Sachs. Their fees differ too: 0.08% for XDIV and 0.29% for GPIQ.

Which has better risk-adjusted returns?

XDIV currently has the higher Sharpe Ratio (1.54 vs 1.34), 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.