GPIQ vs VOO
GPIQ vs VOO
Goldman Sachs Nasdaq-100 Premium Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. GPIQ delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GPIQ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $5.1B | $979.0B | |
| Dividend Yield | 9.56% | 1.09% | |
| Holdings | 107 | 509 | |
| YTD Return | +14.21% | +13.11% | |
| 1Y Return | +24.28% | +22.88% | |
| 3Y Return (annualized) | - | +21.08% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 14.3% | 14.1% | |
| Max Drawdown | -21.1% | -34.3% | |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 24, 2023 | Sep 7, 2010 |
GPIQ vs VOO Performance
Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) is a ETF from Goldman Sachs Asset Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year GPIQ returned +24.28% while VOO returned +22.88%. Year to date, GPIQ is up 14.21% versus a gain of 13.11% for VOO.
Risk: Volatility and Drawdowns
GPIQ has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 VOO 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 9.56% against 1.09% for VOO.
Holdings Overlap
GPIQ and VOO share 88 holdings out of 520 unique holdings combined, representing a 54.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in GPIQ | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 7.56% | 7.51% | 0.05% |
| AAPL | 7.37% | 6.59% | 0.78% |
| MSFT | 4.26% | 4.30% | 0.04% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
See all 10 holdings GPIQ shares with VOO 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 VOO?
GPIQ has an expense ratio of 0.29% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, GPIQ or VOO?
Over the past year GPIQ returned +24.28% vs +22.88% for VOO, so GPIQ leads on 1-year performance. Over the longest common window we track (3 years), GPIQ annualized +26.96% vs +13.54% for VOO. Past performance does not guarantee future results.
Which is riskier, GPIQ or VOO?
GPIQ has been the more volatile fund at 14.3% annualized versus 14.1% for VOO. Worst drawdown: GPIQ -21.1% vs VOO -34.3%.
Should I hold both GPIQ and VOO?
GPIQ and VOO 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 VOO?
GPIQ and VOO share 88 common holdings with a 54.4% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, GPIQ or VOO?
GPIQ yields 9.56% while VOO yields 1.09%, so GPIQ currently pays the higher dividend yield.
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