XLK vs. GPIQ

Last updated Jun 13, 2026

XLK (State Street Technology Select Sector SPDR ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - XLK is a Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. XLK is passively managed, while GPIQ is actively managed. Over the past year, XLK returned 53.24% vs 33.15% for GPIQ. Their correlation of 0.94 suggests significant overlap in exposure. XLK charges 0.08%/yr vs 0.29%/yr for GPIQ.

Performance

XLK vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Technology Select Sector SPDR ETF (XLK) 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, XLK achieves a 28.52% return, which is significantly higher than GPIQ's 15.73% return.

XLK

• 1D: 0.87%
• 1M: 4.50%
• YTD: 28.52%
• 6M: 28.96%
• 1Y: 53.24%
• 3Y*: 30.28%
• 5Y*: 22.02%
• 10Y*: 25.19%

GPIQ

• 1D: 0.71%
• 1M: 1.26%
• YTD: 15.73%
• 6M: 16.33%
• 1Y: 33.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLK vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XLK State Street Technology Select Sector SPDR ETF	28.52%	24.61%	21.63%	18.12%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	15.73%	19.77%	23.22%	15.17%

Correlation

The correlation between XLK 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	0.94

The correlation between XLK and GPIQ has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

XLK vs. GPIQ - Sectors Allocation Comparison

Sectors	XLK	GPIQ
Technology	99.7%	53.8%
Energy	0.2%	0.6%
Industrials	0.1%	2.9%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Cyclical	-	12.3%
Consumer Defensive	-	7.7%
Financial Services	-	0.2%
Healthcare	-	4.2%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

XLK vs. GPIQ — Risk / Return Rank

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

XLK

XLK Risk / Return Rank: 76
XLK Sharpe Ratio Rank: 85
XLK Sortino Ratio Rank: 76
XLK Omega Ratio Rank: 78
XLK Calmar Ratio Rank: 75
XLK Martin Ratio Rank: 68

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.

XLK vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) 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.

	XLK	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.29	+0.08
Sortino ratio: Return per unit of downside risk	2.92	3.00	-0.09
Omega ratio: Gain probability vs. loss probability	1.39	1.42	-0.02
Calmar ratio: Return relative to maximum drawdown	3.36	3.50	-0.14
Martin ratio: Return relative to average drawdown	10.85	14.86	-4.01

XLK vs. GPIQ - Sharpe Ratio Comparison

The current XLK Sharpe Ratio is 2.37, which is comparable to the GPIQ Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of XLK 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

XLK vs. GPIQ - Drawdown Comparison

The maximum XLK drawdown since its inception was -82.05%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for XLK and GPIQ.

Drawdown Indicators

	XLK	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-82.05%	-21.06%	-60.99%
Max Drawdown (1Y) Largest decline over 1 year	-15.92%	-9.51%	-6.41%
Max Drawdown (3Y) Largest decline over 3 years	-25.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.56%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.56%	—	—
Current Drawdown Current decline from peak	-6.77%	-2.35%	-4.42%
Average Drawdown Average peak-to-trough decline	-34.93%	-2.28%	-32.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	2.24%	+2.68%

Volatility

XLK vs. GPIQ - Volatility Comparison

State Street Technology Select Sector SPDR ETF (XLK) has a higher volatility of 10.86% compared to Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) at 6.42%. This indicates that XLK'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

	XLK	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.86%	6.42%	+4.44%
Volatility (6M) Calculated over the trailing 6-month period	18.92%	11.92%	+7.00%
Volatility (1Y) Calculated over the trailing 1-year period	22.55%	14.53%	+8.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.18%	17.72%	+7.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.64%	17.72%	+6.92%

XLK vs. GPIQ - Expense Ratio Comparison

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

Dividends

XLK vs. GPIQ - Dividend Comparison

XLK's dividend yield for the trailing twelve months is around 0.41%, 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%
XLK State Street Technology Select Sector SPDR ETF	0.41%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%

Frequently Asked Questions

Can I hold both XLK and GPIQ in my portfolio?

With a correlation of 0.93, XLK 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, XLK or GPIQ?

XLK has higher volatility (10.86%) compared to GPIQ (6.42%). In terms of maximum drawdown, XLK dropped -82.05% vs GPIQ's -21.06%.

Which ETF is better, XLK or GPIQ?

On 1-year performance, XLK leads with 53.24% vs 33.15% for GPIQ. On fees, XLK is cheaper at 0.08% 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, XLK or GPIQ?

Over the 1-year period, XLK has performed better with a 53.24% return vs 33.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLK or GPIQ?

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

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

GPIQ has the higher dividend yield at 9.53%, compared with 0.41% for XLK.

What is the main difference between XLK and GPIQ?

XLK is categorized as Technology Equities, while GPIQ is Nasdaq-100. They also come from different issuers: State Street and Goldman Sachs. Their fees differ too: 0.08% for XLK and 0.29% for GPIQ.

Which has better risk-adjusted returns?

XLK currently has the higher Sharpe Ratio (2.37 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.