GPIQ vs SCHD
Goldman Sachs Nasdaq-100 Premium Income ETF vs Schwab US Dividend Equity ETF
Which is better, GPIQ or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. GPIQ led over 3Y and the full window, SCHD over 1Y. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 47.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GPIQ | SCHD |
|---|---|---|
| Expense Ratio | 0.29% | 0.06%Best |
| AUM | $6.1B | $108.9B |
| Dividend Yield | 9.94% | 3.00% |
| Holdings | 216 | 206 |
| YTD Return | +20.03% | +20.89%Best |
| 1Y Return | +23.24% | +23.87%Best |
| 3Y Return (annualized) | +27.50%Best | +16.42% |
| 5Y Return (annualized) | - | +9.40% |
| Volatility (annualized) | 13.9% | 13.4%Best |
| Max Drawdown | -21.1% | -16.1%Best |
| $10,000 over 2.9 years | $20,229Best | $15,971 |
| Top 10 Weight | 47.6% | 41.8%Best |
| Fund Family | Goldman Sachs Asset Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Oct 24, 2023 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Oct 26, 2023 to Oct 2, 2026 (2.9 years).
GPIQ vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.9 years both funds cover.
GPIQ vs SCHD Performance
Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) is an ETF from Goldman Sachs Asset Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year GPIQ returned +23.24% while SCHD returned +23.87%. Year to date, GPIQ is up 20.03% versus a gain of 20.89% for SCHD.
Over three years, GPIQ compounded at +27.50% per year against +16.42% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GPIQ has been the more volatile fund, with annualized monthly volatility of 13.9% compared with 13.4% for SCHD. 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 -16.1% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.19. They move largely independently of each other.
Fees and Cost Over Time
GPIQ charges 0.29% per year while SCHD charges 0.06%. On a $10,000 position that is $29 vs $6 annually, a gap of $23 per year that compounds over a long holding period. On income, GPIQ currently yields 9.94% against 3.00% for SCHD.
Holdings Overlap
5.2% of GPIQ's money is in holdings SCHD also owns. 21.2% of SCHD's money is in holdings GPIQ also owns.
SCHD and GPIQ share little of their money.
8 positions in common, counted across the 103 positions we hold weights for in GPIQ and 99 in SCHD, against full books of 216 and 206.
What only one of them owns
Our book lists 90 positions for SCHD that do not appear in our book for GPIQ (78.7% of the fund), and 90 for GPIQ that do not appear in SCHD (93.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GPIQ | Weight in SCHD | Difference |
|---|---|---|---|
| AMGNAmgen Inc. | 0.92% | 4.24% | 3.32% |
| PEPPepsico Inc. | 0.82% | 3.63% | 2.81% |
| TXNTexas Instrument Inc | 0.95% | 3.31% | 2.36% |
| QCOMQualcomm Inc. | 0.88% | 2.76% | 1.88% |
| ADPAutomatic Data Processing, Inc. | 0.70% | 2.68% | 1.98% |
| CMCSAComcast Corp-class A Cmcsa | 0.44% | 2.25% | 1.81% |
| FASTFastenal Co. | 0.29% | 1.42% | 1.13% |
| PAYXPaychex, Inc. | 0.16% | 0.93% | 0.77% |
21.2% of SCHD is already inside GPIQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GPIQ or SCHD?
GPIQ has an expense ratio of 0.29% while SCHD charges 0.06%. SCHD is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, GPIQ or SCHD?
Over the past year GPIQ returned +23.24% vs +23.87% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GPIQ or SCHD?
GPIQ has been the more volatile fund at 13.9% annualized versus 13.4% for SCHD. Worst drawdown: GPIQ -21.1% vs SCHD -16.1%.
Should I hold both GPIQ and SCHD?
GPIQ and SCHD have a monthly-return correlation of 0.19, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GPIQ and SCHD?
21.2% of SCHD's money is in holdings GPIQ also owns. 21.2% of SCHD's is in holdings GPIQ also owns. They hold 8 positions in common, counted across the 103 positions we hold weights for in GPIQ and 99 in SCHD.
Which pays a higher dividend, GPIQ or SCHD?
GPIQ yields 9.94% while SCHD yields 3.00%, so GPIQ currently pays the higher dividend yield.
Is SCHD better than GPIQ?
SCHD has a lower expense ratio. GPIQ led over 3Y and the full window, SCHD over 1Y. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 47.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.