GPIQ vs IVV
Goldman Sachs Nasdaq-100 Premium Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. GPIQ delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | GPIQ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $5.5B | $907.0B | |
| Dividend Yield | 9.90% | 1.10% | |
| Holdings | 109 | 508 | |
| YTD Return | +17.21% | +14.29% | |
| 1Y Return | +25.39% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 14.3% | 15.1% | |
| Max Drawdown | -21.1% | -56.5% | |
| Fund Family | Goldman Sachs Asset Management | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 24, 2023 | May 15, 2000 |
GPIQ vs IVV Performance
Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) is a ETF from Goldman Sachs Asset Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GPIQ returned +25.39% while IVV returned +21.79%. Year to date, GPIQ is up 17.21% versus a gain of 14.29% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.3% for GPIQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -21.1% for GPIQ and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GPIQ charges 0.29% per year while IVV charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, GPIQ currently yields 9.90% against 1.10% for IVV.
Holdings Overlap
GPIQ and IVV share 87 holdings out of 521 unique holdings combined, representing a 52.9% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, GPIQ or IVV?
GPIQ has an expense ratio of 0.29% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, GPIQ or IVV?
Over the past year GPIQ returned +25.39% vs +21.79% for IVV, so GPIQ leads on 1-year performance. Over the longest common window we track (3 years), GPIQ annualized +27.90% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, GPIQ or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.3% for GPIQ. Worst drawdown: GPIQ -21.1% vs IVV -56.5%.
Should I hold both GPIQ and IVV?
GPIQ and IVV have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between GPIQ and IVV?
GPIQ and IVV share 87 common holdings with a 52.9% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, GPIQ or IVV?
GPIQ yields 9.90% while IVV yields 1.10%, so GPIQ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.