XDIV vs. GPIQ

Last updated Jun 4, 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. Their correlation of 0.93 suggests significant overlap in exposure. XDIV charges 0.09%/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 10.63% return, which is significantly lower than GPIQ's 18.30% return.

XDIV

• 1D: -0.67%
• 1M: 5.14%
• YTD: 10.63%
• 6M: 10.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIQ

• 1D: -0.19%
• 1M: 8.51%
• YTD: 18.30%
• 6M: 17.64%
• 1Y: 37.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XDIV vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	10.63%	9.90%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	18.30%	11.17%

Correlation

The correlation between XDIV 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 (All Time) Calculated using the full available price history since Jul 11, 2025	0.93

XDIV vs. GPIQ - Sectors Allocation Comparison

Sectors	XDIV	GPIQ
Technology	36.2%	53.8%
Financial Services	11.9%	0.2%
Communication Services	10.9%	15.8%
Consumer Cyclical	10.1%	12.3%
Healthcare	8.4%	4.2%
Industrials	8.1%	2.9%
Consumer Defensive	4.9%	7.7%
Energy	3.5%	0.6%
Utilities	2.3%	1.4%
Real Estate	1.9%	0.1%
Basic Materials	1.8%	1.1%

Return for Risk

XDIV vs. GPIQ — Risk / Return Rank

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

GPIQ

GPIQ Risk / Return Rank: 81
GPIQ Sharpe Ratio Rank: 84
GPIQ Sortino Ratio Rank: 81
GPIQ Omega Ratio Rank: 82
GPIQ Calmar Ratio Rank: 77
GPIQ Martin Ratio Rank: 83

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.

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.

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

Sharpe Ratios by Period

	XDIV	GPIQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	1.78	+0.20

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	—	-9.51%	—
Current Drawdown Current decline from peak	-0.67%	-0.19%	-0.48%
Average Drawdown Average peak-to-trough decline	-1.20%	-2.27%	+1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.15%	—

Volatility

Volatility by Period

	XDIV	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	13.40%	-1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.31%	17.47%	-5.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.31%	17.47%	-5.16%

XDIV vs. GPIQ - Expense Ratio Comparison

XDIV has a 0.09% 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 9.32%.

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 0.93, 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 ETF is better, XDIV or GPIQ?

On fees, XDIV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDIV or GPIQ?

XDIV is cheaper with a 0.09% 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: 0.09% for XDIV and 0.29% for GPIQ.