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Launched · SEC filings

Goldman Sachs Nasdaq-100 Premium Income ETF

GPIQNasdaqGoldman SachsA

$53.11−1.18 (−2.17%)

At close: Nov 2, 2026, 4:00 PM ET

A84/ 100

Rank 1 of 31 in Nasdaq-100 Option Income

A84/100Rank 1 of 31inNasdaq-100 Option Income
Intraday session: down, 79 prints from 54.29 to 53.11. Range 53.08 to 54.38. Use the arrow keys to read each point.53.5053.7554.0010 AM12 PM2 PM4 PM
Expense ratio
0.29%*
Fund size
$6.36B
1Y total return
+9.9%
Yield · Last 12 months
11.74%
Holdings
102
Avg volume · 30D
1.57M sh
52W range
low $47.72high $59.83
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Apr 30, 2027. Without it: 0.35%.

The ETF.net GPIQ Grade

A

Score 84 out of 100

Category
Nasdaq-100 Option Income⁠
Rank
1 of 31
Six-pillar profile for GPIQ. Scores out of 100: Cost 92, Risk 56, Mission 100, Tradability 73, Holdings 85, Durability 79. Strongest: Mission (100). Weakest: Risk (56). Leans toward Mission.

Score 84 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A92 out of 100
    Rank 3 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 20

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B56 out of 100
    Rank 12 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A73 out of 100
    Rank 4 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A85 out of 100
    Rank 2 of 23

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A79 out of 100
    Rank 4 of 31

Our read on GPIQ

ETF.net Research

In short

AGoldman's take on the Nasdaq-100 income trade: it owns the index but sells calls on only 25% to 75% of the portfolio, reset monthly, so part of the upside stays uncapped. Fee is 0.29% net of a waiver through April 30, 2027.

Stated mandate

The Fund seeks current income while maintaining prospects for capital appreciation. It provides Nasdaq-100 equity exposure and dynamically sells call options while seeking participation in rising markets.

Why people hold it

  • The overwrite is a dial, not a switch: calls cover 25% to 75% of the equity portfolio, reset each month, leaving a slice of Nasdaq-100 upside uncapped by design.gsam.com
  • 0.29% net of a waiver through April 30, 2027 undercuts JEPQ at 0.35% and QYLD at 0.60%, and matches QQA, which is 0.29% net of a waiver through August 31, 2027.
  • Calls are written on index-level exposure, not individual names, and the stock sleeve tracks Nasdaq-100 weights. Pays monthly.sec.gov
  • A multi-billion-dollar, actively traded fund and one of the strongest implementations in a crowded Nasdaq-100 income group.

Worth knowing

  • Goldman's filing flags that a significant portion of distributions may be return of capital, which trims your cost basis rather than adding to it.sec.gov
  • Full exposure to Nasdaq-100 drawdowns stays; premium cushions the ride but does not offset a selloff, and gains on the overwritten slice are capped.sec.gov
  • Gross fee is 0.35%. If the waiver is not extended past April 30, 2027, the cost steps up to that level.

GPIQ Performance

Launched Oct 24, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
GPIQ$10,994
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. GPIQ $10,994. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GPIQ. Periods over one year show the average yearly return.
PeriodGPIQ
Year to date+10.6%
1 month−7.7%
3 months−0.9%
1 year+9.9%
3 yearsper year+21.4%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GPIQ
YearReturn barGPIQ
2026 YTD+10.6%
2025+19.8%
2024+23.2%
2023+15.4%

History from Oct 26, 2023

GPIQ in the news

GPIQ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
11.74%Last 12 months
Payout per share
$6.24Last 12 months
Upcoming payment
$0.47 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 36 payments from 2023 to 2026 YTD. Dec 4, 2023 $0.38; Dec 28, 2023 $0.39; Feb 2, 2024 $0.39; Mar 4, 2024 $0.40; Apr 2, 2024 $0.41; May 2, 2024 $0.39; Jun 4, 2024 $0.41; Jul 2, 2024 $0.42; Aug 2, 2024 $0.41; Sep 4, 2024 $0.41; Oct 2, 2024 $0.42; Nov 4, 2024 $0.41; Dec 3, 2024 $0.43; Jan 3, 2025 $0.43; Feb 3, 2025 $0.44; Mar 3, 2025 $0.41; Apr 1, 2025 $0.39; May 1, 2025 $0.39; Jun 2, 2025 $0.41; Jul 1, 2025 $0.43; Aug 1, 2025 $0.44; Sep 2, 2025 $0.44; Oct 1, 2025 $0.46; Nov 3, 2025 $0.47; Dec 1, 2025 $0.47; Jan 2, 2026 $0.46; Feb 2, 2026 $0.47; Mar 2, 2026 $0.45; Apr 1, 2026 $0.43; May 1, 2026 $0.48; Jun 1, 2026 $0.52; Jul 1, 2026 $0.52; Aug 3, 2026 $0.49; Sep 1, 2026 $0.50; Oct 1, 2026 $0.51; Nov 2, 2026 $0.47. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 6, 2026$0.47
Oct 1, 2026Oct 7, 2026$0.51
Sep 1, 2026Sep 8, 2026$0.50
Aug 3, 2026Aug 7, 2026$0.49
Jul 1, 2026Jul 8, 2026$0.52
Jun 1, 2026Jun 5, 2026$0.52
May 1, 2026May 7, 2026$0.48
Apr 1, 2026Apr 8, 2026$0.43
Mar 2, 2026Mar 6, 2026$0.45
Feb 2, 2026Feb 6, 2026$0.47
Jan 2, 2026Jan 8, 2026$0.46
Dec 1, 2025Dec 5, 2025$0.47

See all 36 payments⁠

$10,000 in GPIQ 3 years ago paid $3,831 in dividends.⁠

GPIQ Risk

Risk pillarB56 out of 100Rank 12 of 31 in Nasdaq-100 Option Income
How much the fund’s monthly returns vary, scaled to a year.
14.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.21
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−21.1%
36 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.16
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

GPIQ Cost

Compare GPIQ and EDGQ

Overpaying vs EDGQ, cheapest in Nasdaq-100 Option Income

$5,952

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GPIQ 0.29%

    $5,952

  • EDGQ 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • GPIQ 0.29%
  • EDGQ 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530GPIQ $5,952EDGQ $0

Year by year

YearGPIQEDGQOverpaying
10$527$0$527
20$2,044$0$2,044
30$5,952$0$5,952
How the 0.29% is worked out

Full fee 0.35%− waiver 0.06%= you pay 0.29%

The waiver ends Apr 30, 2027. After that the fee is 0.35% unless Goldman Sachs renews it. Source: prospectus, Apr 2026.

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