XLP vs. GPIQ

Last updated Jun 9, 2026

XLP (State Street Consumer Staples Select Sector SPDR ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - XLP is a Consumer Staples Equities fund tracking the Consumer Staples Select Sector Index, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. XLP is passively managed, while GPIQ is actively managed. Over the past year, XLP returned 4.50% vs 33.04% for GPIQ. At a 0.07 correlation, their price movements are largely independent. XLP charges 0.08%/yr vs 0.29%/yr for GPIQ.

Performance

XLP vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Consumer Staples Select Sector SPDR ETF (XLP) 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, XLP achieves a 7.54% return, which is significantly lower than GPIQ's 14.88% return.

XLP

• 1D: -0.44%
• 1M: -1.32%
• YTD: 7.54%
• 6M: 8.22%
• 1Y: 4.50%
• 3Y*: 7.23%
• 5Y*: 6.10%
• 10Y*: 7.21%

GPIQ

• 1D: 1.46%
• 1M: 0.97%
• YTD: 14.88%
• 6M: 14.06%
• 1Y: 33.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLP vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XLP State Street Consumer Staples Select Sector SPDR ETF	7.54%	1.52%	12.20%	6.82%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	14.88%	19.77%	23.22%	15.17%

Correlation

The correlation between XLP and GPIQ is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.07

The correlation between XLP and GPIQ shifts across timeframes, from -0.08 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

XLP vs. GPIQ - Sectors Allocation Comparison

Sectors	XLP	GPIQ
Consumer Defensive	99.0%	7.7%
Consumer Cyclical	1.0%	12.3%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Industrials	-	2.9%
Real Estate	-	0.1%
Technology	-	53.8%
Utilities	-	1.4%

Return for Risk

XLP vs. GPIQ — Risk / Return Rank

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

XLP

XLP Risk / Return Rank: 15
XLP Sharpe Ratio Rank: 15
XLP Sortino Ratio Rank: 15
XLP Omega Ratio Rank: 14
XLP Calmar Ratio Rank: 15
XLP Martin Ratio Rank: 14

GPIQ

GPIQ Risk / Return Rank: 79
GPIQ Sharpe Ratio Rank: 81
GPIQ Sortino Ratio Rank: 76
GPIQ Omega Ratio Rank: 80
GPIQ Calmar Ratio Rank: 75
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.

XLP vs. GPIQ - Risk-Adjusted Trends Comparison

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

	XLP	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	0.36	2.36	-2.01
Sortino ratio: Return per unit of downside risk	0.60	3.06	-2.46
Omega ratio: Gain probability vs. loss probability	1.07	1.43	-0.36
Calmar ratio: Return relative to maximum drawdown	0.47	3.49	-3.02
Martin ratio: Return relative to average drawdown	0.91	15.21	-14.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLP vs. GPIQ - Sharpe Ratio Comparison

The current XLP Sharpe Ratio is 0.36, which is lower than the GPIQ Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of XLP 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.

Sharpe Ratios by Period

	XLP	GPIQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	2.36	-2.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	1.67	-1.24

Drawdowns

XLP vs. GPIQ - Drawdown Comparison

The maximum XLP drawdown since its inception was -35.90%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for XLP and GPIQ.

Drawdown Indicators

	XLP	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-35.90%	-21.06%	-14.84%
Max Drawdown (1Y) Largest decline over 1 year	-9.69%	-9.51%	-0.18%
Max Drawdown (3Y) Largest decline over 3 years	-12.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.51%	—	—
Current Drawdown Current decline from peak	-7.19%	-3.08%	-4.11%
Average Drawdown Average peak-to-trough decline	-7.06%	-2.27%	-4.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.97%	2.18%	+2.79%

Volatility

XLP vs. GPIQ - Volatility Comparison

The current volatility for State Street Consumer Staples Select Sector SPDR ETF (XLP) is 4.30%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 5.54%. This indicates that XLP 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

	XLP	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	5.54%	-1.24%
Volatility (6M) Calculated over the trailing 6-month period	9.97%	11.32%	-1.35%
Volatility (1Y) Calculated over the trailing 1-year period	12.75%	14.07%	-1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.31%	17.63%	-4.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.74%	17.63%	-2.89%

XLP vs. GPIQ - Expense Ratio Comparison

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

Dividends

XLP vs. GPIQ - Dividend Comparison

XLP's dividend yield for the trailing twelve months is around 2.62%, less than GPIQ's 9.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.60%	9.81%	9.18%	1.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLP State Street Consumer Staples Select Sector SPDR ETF	2.62%	2.75%	2.77%	2.63%	2.47%	2.28%	2.50%	2.57%	3.04%	2.62%	2.53%	2.52%

Frequently Asked Questions

Can I hold both XLP and GPIQ in my portfolio?

XLP and GPIQ have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLP or GPIQ?

GPIQ has higher volatility (5.54%) compared to XLP (4.30%). In terms of maximum drawdown, XLP dropped -35.90% vs GPIQ's -21.06%.

Which ETF is better, XLP or GPIQ?

On 1-year performance, GPIQ leads with 33.04% vs 4.50% for XLP. On fees, XLP is cheaper at 0.08% per year. On volatility, XLP has been the lower-risk option at 4.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLP or GPIQ?

Over the 1-year period, GPIQ has performed better with a 33.04% return vs 4.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLP or GPIQ?

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

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

GPIQ has the higher dividend yield at 9.60%, compared with 2.62% for XLP.

What is the main difference between XLP and GPIQ?

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

Which has better risk-adjusted returns?

GPIQ currently has the higher Sharpe Ratio (2.36 vs 0.36), 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.