GPIQ vs QQQ
Goldman Sachs Nasdaq-100 Premium Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. GPIQ offers more diversification with 109 holdings.
Side-by-Side Comparison
| Metric | GPIQ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.18% | |
| AUM | $5.5B | $496.3B | |
| Dividend Yield | 9.90% | 0.44% | |
| Holdings | 109 | 108 | |
| YTD Return | +14.22% | +15.47% | |
| 1Y Return | +23.33% | +24.44% | |
| 3Y Return (annualized) | - | +25.47% | |
| 5Y Return (annualized) | - | +14.22% | |
| Volatility (annualized) | 14.3% | 30.6% | |
| Max Drawdown | -21.1% | -83.0% | |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 24, 2023 | Mar 10, 1999 |
GPIQ vs QQQ Performance
Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) is a ETF from Goldman Sachs Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GPIQ returned +23.33% while QQQ returned +24.44%. Year to date, GPIQ is up 14.22% versus a gain of 15.47% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. 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 1.00. 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 QQQ charges 0.18%. On a $10,000 position that is $29 vs $18 annually, a gap of $11 per year that compounds over a long holding period. On income, GPIQ currently yields 9.90% against 0.44% for QQQ.
Holdings Overlap
GPIQ and QQQ share 102 holdings out of 103 unique holdings combined, representing a 92.3% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, GPIQ or QQQ?
GPIQ has an expense ratio of 0.29% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, GPIQ or QQQ?
Over the past year GPIQ returned +23.33% vs +24.44% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), GPIQ annualized +26.44% vs +12.99% for QQQ. Past performance does not guarantee future results.
Which is riskier, GPIQ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.3% for GPIQ. Worst drawdown: GPIQ -21.1% vs QQQ -83.0%.
Should I hold both GPIQ and QQQ?
GPIQ and QQQ have a monthly-return correlation of 1.00, 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 QQQ?
GPIQ and QQQ share 102 common holdings with a 92.3% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, GPIQ or QQQ?
GPIQ yields 9.90% while QQQ yields 0.44%, so GPIQ currently pays the higher dividend yield.
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