GPIX vs QQQ
GPIX vs QQQ
Goldman Sachs S&P 500 Premium Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. GPIX offers more diversification with 493 holdings.
Side-by-Side Comparison
| Metric | GPIX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.18% | |
| AUM | $4.9B | $455.8B | |
| Dividend Yield | 8.15% | 0.41% | |
| Holdings | 496 | 108 | |
| YTD Return | +11.70% | +18.34% | |
| 1Y Return | +21.35% | +28.94% | |
| 3Y Return (annualized) | - | +25.28% | |
| 5Y Return (annualized) | - | +15.22% | |
| Volatility (annualized) | 10.7% | 30.6% | |
| Max Drawdown | -17.5% | -83.0% | |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 24, 2023 | Mar 10, 1999 |
GPIX vs QQQ Performance
Goldman Sachs S&P 500 Premium Income ETF (GPIX) 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 GPIX returned +21.35% while QQQ returned +28.94%. Year to date, GPIX is up 11.70% versus a gain of 18.34% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -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 0.89. They usually move together, but the gap leaves some room for diversification.
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 8.15% against 0.41% for QQQ.
Holdings Overlap
GPIX and QQQ share 85 holdings out of 511 unique holdings combined, representing a 51.5% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in GPIX | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 7.26% | 7.88% | 0.62% |
| AAPL | 6.98% | 7.46% | 0.48% |
| MSFT | 4.10% | 4.65% | 0.55% |
| GOOGL | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
See all 10 holdings GPIX shares with QQQ 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, GPIX or QQQ?
GPIX 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, GPIX or QQQ?
Over the past year GPIX returned +21.35% vs +28.94% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), GPIX annualized +24.49% vs +13.12% for QQQ. Past performance does not guarantee future results.
Which is riskier, GPIX or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 10.7% for GPIX. Worst drawdown: GPIX -17.5% vs QQQ -83.0%.
Should I hold both GPIX and QQQ?
GPIX and QQQ have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GPIX and QQQ?
GPIX and QQQ share 85 common holdings with a 51.5% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, GPIX or QQQ?
GPIX yields 8.15% while QQQ yields 0.41%, so GPIX currently pays the higher dividend yield.
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