GPIQ vs SCHD
GPIQ vs SCHD
Goldman Sachs Nasdaq-100 Premium Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. GPIQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | GPIQ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.06% | |
| AUM | $5.1B | $103.7B | |
| Dividend Yield | 9.56% | 3.31% | |
| Holdings | 107 | 104 | |
| YTD Return | +14.61% | +23.31% | |
| 1Y Return | +25.92% | +30.42% | |
| 3Y Return (annualized) | - | +14.66% | |
| 5Y Return (annualized) | - | +9.59% | |
| Volatility (annualized) | 14.3% | 13.6% | |
| Max Drawdown | -21.1% | -33.4% | |
| Fund Family | Goldman Sachs Asset Management | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Oct 24, 2023 | Oct 20, 2011 |
GPIQ vs SCHD Performance
Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) is a ETF from Goldman Sachs Asset Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year GPIQ returned +25.92% while SCHD returned +30.42%. Year to date, GPIQ is up 14.61% versus a gain of 23.31% for SCHD.
Risk: Volatility and Drawdowns
GPIQ has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 13.6% 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 -33.4% for SCHD. 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 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
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 9.56% against 3.31% for SCHD.
Holdings Overlap
GPIQ and SCHD share 8 holdings out of 195 unique holdings combined, representing a 5.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GPIQ | Weight in SCHD | Difference |
|---|---|---|---|
| AMGN | 0.86% | 4.25% | 3.39% |
| TXN | 1.25% | 3.70% | 2.45% |
| PEP | 0.92% | 3.72% | 2.80% |
| QCOM | Pro | Pro | Pro |
| ADP | Pro | Pro | Pro |
| CMCSA | Pro | Pro | Pro |
| FAST | Pro | Pro | Pro |
| PAYX | Pro | Pro | Pro |
See all 8 holdings GPIQ shares with SCHD Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
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. On a $10,000 investment, that is $23 per year of difference.
Which performed better, GPIQ or SCHD?
Over the past year GPIQ returned +25.92% vs +30.42% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), GPIQ annualized +27.15% vs +11.34% for SCHD. Past performance does not guarantee future results.
Which is riskier, GPIQ or SCHD?
GPIQ has been the more volatile fund at 14.3% annualized versus 13.6% for SCHD. Worst drawdown: GPIQ -21.1% vs SCHD -33.4%.
Should I hold both GPIQ and SCHD?
GPIQ and SCHD have a monthly-return correlation of 0.20, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GPIQ and SCHD?
GPIQ and SCHD share 8 common holdings with a 5.5% weight overlap. Combined, they hold 195 unique securities.
Which pays a higher dividend, GPIQ or SCHD?
GPIQ yields 9.56% while SCHD yields 3.31%, so GPIQ currently pays the higher dividend yield.
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