GPIX vs QQQ
Goldman Sachs S&P 500 Premium Income ETF vs Invesco QQQ Trust, Series 1
Which is better, GPIX or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. GPIX is less concentrated, with 35.7% of the fund in its ten largest positions against 46.5%.
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 | GPIX | QQQ |
|---|---|---|
| Expense Ratio | 0.29% | 0.18%Best |
| AUM | $5.6B | $486.1B |
| Dividend Yield | 8.17% | 0.44% |
| Holdings | 501 | 107 |
| YTD Return | +12.91% | +17.54%Best |
| 1Y Return | +19.54% | +25.59%Best |
| 3Y Return (annualized) | - | +24.63% |
| 5Y Return (annualized) | - | +14.18% |
| Volatility (annualized) | 10.7%Best | 17.4% |
| Max Drawdown | -17.5%Best | -22.8% |
| $10,000 over 2.9 years | $18,730 | $21,492Best |
| Top 10 Weight | 35.7%Best | 46.5% |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Oct 24, 2023 | Mar 10, 1999 |
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 Sep 4, 2026 (2.9 years).
GPIX vs QQQ 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.
GPIX vs QQQ Performance
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF from Goldman Sachs Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GPIX returned +19.54% while QQQ returned +25.59%. Year to date, GPIX is up 12.91% versus a gain of 17.54% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 10.7% for GPIX. 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 -17.5% for GPIX and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GPIX 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, GPIX currently yields 8.17% against 0.44% for QQQ.
Holdings Overlap
52.4% of GPIX's money is in holdings QQQ also owns. 93.5% of QQQ's money is in holdings GPIX also owns.
Most of QQQ is already inside GPIX. Owning both mostly buys the same companies twice.
85 positions in common, counted across the 490 positions we hold weights for in GPIX and 102 in QQQ, against full books of 501 and 107.
What only one of them owns
Our book lists 11 positions for QQQ that do not appear in our book for GPIX (4.0% of the fund), and 384 for GPIX that do not appear in QQQ (47.9%).
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 GPIX | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.70% | 8.44% | 0.74% |
| AAPLApple, Inc | 6.45% | 7.27% | 0.82% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.72% | 5.76% | 1.04% |
| AMZNAmazon.Com Inc | 3.85% | 4.67% | 0.82% |
| GOOGLAlphabet Inc.Class A | 3.64% | 3.36% | 0.28% |
| AVGOBroadcom Inc | 2.97% | 3.16% | 0.19% |
| MUMicron Technology, Inc. | 1.52% | 4.43% | 2.91% |
| AMDAdvanced Micro Devices Inc | 1.21% | 3.45% | 2.24% |
| METAMeta Platform Inc | 1.82% | 2.78% | 0.96% |
| GOOGAlphabet Inc. C | 1.24% | 3.13% | 1.89% |
93.5% of QQQ is already inside GPIX.
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, GPIX or QQQ?
GPIX has an expense ratio of 0.29% while QQQ charges 0.18%. QQQ is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, GPIX or QQQ?
Over the past year GPIX returned +19.54% vs +25.59% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GPIX or QQQ?
QQQ has been the more volatile fund at 17.4% annualized versus 10.7% for GPIX. Worst drawdown: GPIX -17.5% vs QQQ -22.8%.
Should I hold both GPIX and QQQ?
GPIX and QQQ have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between GPIX and QQQ?
93.5% of QQQ's money is in holdings GPIX also owns. 93.5% of QQQ's is in holdings GPIX also owns. They hold 85 positions in common, counted across the 490 positions we hold weights for in GPIX and 102 in QQQ.
Which pays a higher dividend, GPIX or QQQ?
GPIX yields 8.17% while QQQ yields 0.44%, so GPIX currently pays the higher dividend yield.
Is QQQ better than GPIX?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. GPIX is less concentrated, with 35.7% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.