GPIQ vs IQQQ: Grades, Fees and Holdings Compared

Goldman Sachs Nasdaq-100 Premium Income ETF

GPIQANasdaq

ProShares Nasdaq-100 High Income ETF

IQQQBNasdaq

Overlap

81.3%by weight

Expense ratio

GPIQ −0.26pt a year

GPIQ0.29%IQQQ0.55%

Avg volume · 30D

GPIQ 33.0×the volume

GPIQ1.57MIQQQ47.7K

GPIQ vs IQQQ Performance

Oct 31, 2025 – Nov 2, 2026

+9.9%GPIQ+3.6%IQQQ

Expense ratio: GPIQ 0.29%, better; IQQQ 0.55%
Fund size: GPIQ $6.36B; IQQQ $377M
1Y total return: GPIQ +9.9%, better; IQQQ +3.6%
Yield (12M): GPIQ 11.74%, better; IQQQ 7.18%
Holdings: GPIQ 102; IQQQ 102
Avg volume (30D): GPIQ 1.57M sh, better; IQQQ 47.7K sh
NAV per share: GPIQ $54.25; IQQQ $45.53
52W range

ETF.net Grade

Pillar letters and Scores for GPIQ, IQQQ, with each pillar’s weight
Pillar	GPIQ	IQQQ
Cost30% weight	A92Higher	A70
Mission25% weight	A100Higher	A89
Risk15% weight	B56Higher	D32
Tradability15% weight	A73	A73
Holdings10% weight	A85Higher	C45
Durability5% weight	A79Higher	B65

Rank among Nasdaq-100 Option Income funds

How we build Categories ›

Same Category. GPIQ and IQQQ are both graded against the same 30 Nasdaq-100 Option Income funds, so their Grades compare head to head.

Nasdaq-100 Option Income⁠

Category · 30 funds

See all 30 ›

GPIQ ranks 1st and IQQQ 10th of 30 funds in the Nasdaq-100 Option Income Category.

Rank 1AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 84
Rank 2AQQAInvesco QQQ Income Advantage ETFScore 82
Rank 9BROCQJPMorgan Nasdaq Equity Premium Yield ETFScore 69
Rank 10BIQQQProShares Nasdaq-100 High Income ETFScore 66
Rank 10BQRMIGlobal X Nasdaq 100 Risk Managed Income ETFScore 66

Our read on each fund

ETF.net Research

GPIQAGoldman Sachs Nasdaq-100 Premium Income ETF

IQQQBProShares Nasdaq-100 High Income ETF

In short

GPIQ Goldman'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.

IQQQ ProShares runs the covered-call playbook on a daily clock: IQQQ sells calls on the Nasdaq-100 that expire every session, then pays out monthly with a stated floor of 6% annualized income. Big-tech exposure with a rent check attached.

Stated mandate

GPIQ 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.

IQQQ IQQQ seeks high income through a daily covered-call strategy while pursuing long-term total returns consistent with the Nasdaq-100 Index.

Why people hold it

GPIQ 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.

IQQQ Sells Nasdaq-100 calls that expire daily rather than monthly, so premium is harvested every session and the option positions reset constantly.proshares.com
ProShares states a target of at least 6% annualized income, paid monthly. Most peers just pay what the options market gives them that month.proshares.com
0.55% a year undercuts the median fee in its Nasdaq-100 income cohort, and it sits in the upper half of that 27-fund group on our review.
Holds roughly 100 stocks and keeps chasing Nasdaq-100 total return alongside the income, so it stays a growth-index fund with a yield overlay, not a bond substitute.

Worth knowing

GPIQ 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.

IQQQ Written calls hand away part of a strong Nasdaq rally. The income is paid for with upside.proshares.com
ProShares discloses that distributions can include return of capital, meaning some of a payout may be your own money coming back.proshares.com
Launched in 2024, so the record is short, and cheaper Nasdaq-100 income rivals exist: QQA at 0.33%, GPIQ and JEPQ at 0.35%.

Full GPIQ profile⁠

Full IQQQ profile⁠

GPIQ vs IQQQ Holdings

How GPIQ and IQQQ differ

Overlap by weight

81.3%

Shared holdings make up 96.5% of GPIQ and 83.7% of IQQQ.

Level by level

Holdings95 in both81.3%
Sector10 Sectors85.4%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in GPIQ and IQQQ, widest gap first
Sector	More in GPIQMore in IQQQ	GPIQ	IQQQ
Financials	IQQQ +14.5 points	0.1%	14.7%
Technology	GPIQ +10.3 points	60.7%	50.4%
Communication	GPIQ +3.1 points	12.6%	9.5%
Consumer Discretionary	GPIQ +0.9 points	9.9%	9.0%
Industrials	GPIQ +0.2 points	5.1%	4.9%
Materials	Same weight	0.9%	0.9%
Utilities	Same weight	0.9%	0.9%
Consumer Staples	Same weight	5.5%	5.5%
Energy	GPIQ +0.1 points	0.5%	0.4%
Health Care	Same weight	3.8%	3.8%

Country, concentration and asset class

Country by domicile

Country weights in GPIQ and IQQQ, widest gap first
Country	More in GPIQMore in IQQQ	GPIQ	IQQQ
United States	GPIQ +0.1 points	97.4%	97.3%
Canada	Same weight	1.1%	1.1%
Netherlands	IQQQ +0.1 points	0.7%	0.8%
Brazil	IQQQ +0.1 points	0.3%	0.4%
China	GPIQ +0.1 points	0.3%	0.2%
United Kingdom	Same weight	0.2%	0.2%

Concentration

Weight in the 10 largest Holdings

GPIQ46.4%
IQQQ53.0%

Securities held

GPIQ101
IQQQ102

Asset class

GPIQ: Equity
IQQQ: Equity

Holdings

Only in GPIQ6
In both95
Only in IQQQ7

Only in GPIQ

6 securities, 2.9% of GPIQ by weight

Linde PLC1.10%
Shopify Inc.0.87%
Nxp Semiconductors N.v.0.48%
Thomson Reuters Corporation0.21%
Coca-Cola European Partners PLC0.20%
Ferrovial NV0.09%

Only in IQQQ

7 securities, 17.5% of IQQQ by weight

Proshares Genius Mny Mkt Etf15.12%
Linde PLC0.92%
Shopify Inc - Class A0.74%
Nxp Semiconductors NV0.25%
Coca-Cola Europacific Partne0.19%
Thomson Reuters Corp0.17%
Ferrovial NV0.16%

Weight gaps

All 95 Holdings in both funds, largest gap first.

Holding weights in GPIQ and IQQQ, widest gap first
Holding	More in GPIQMore in IQQQ	GPIQ	IQQQ
Apple Inc.AAPL	GPIQ +1.10 points	8.15%	7.05%
Microsoft CorporationMSFT	GPIQ +0.90 points	6.33%	5.43%
NVIDIA CorporationNVDA	GPIQ +0.87 points	7.78%	6.91%
Alphabet Inc.GOOGL	GPIQ +0.85 points	3.15%	2.30%
Alphabet Inc.GOOG	IQQQ +0.55 points	1.60%	2.15%
Meta Platforms Inc-Class AMETA	GPIQ +0.52 points	3.08%	2.56%
Analog Devices Inc.ADI	GPIQ +0.52 points	1.30%	0.78%
Amazon.com IncAMZN	GPIQ +0.51 points	4.14%	3.63%
American Electric Power IncAEP	GPIQ +0.51 points	0.78%	0.27%
Applied Materials IncAMAT	GPIQ +0.49 points	1.69%	1.20%
Broadcom Inc.AVGO	GPIQ +0.48 points	2.65%	2.17%
Texas Instruments Inc.TXN	GPIQ +0.47 points	1.53%	1.06%
Micron Technology, Inc.MU	GPIQ +0.44 points	4.30%	3.86%
Tesla Inc.TSLA	GPIQ +0.38 points	3.32%	2.94%
Costco Wholesale CorporationCOST	GPIQ +0.34 points	2.08%	1.74%
Monolithic Power Systems, Inc.MPWR	GPIQ +0.31 points	0.54%	0.23%
Space Exploration Technologies Corp.SPCX	GPIQ +0.30 points	2.53%	2.23%
Teradyne IncTER	GPIQ +0.29 points	0.46%	0.17%
Palantir Technologies Inc.PLTR	GPIQ +0.29 points	1.93%	1.64%
Advanced Micro Devices Inc.AMD	GPIQ +0.28 points	3.47%	3.19%
Microchip Technology IncorporatedMCHP	GPIQ +0.27 points	0.43%	0.16%
Marvell Technology, Inc.MRVL	GPIQ +0.26 points	0.93%	0.67%
Netflix, Inc.NFLX	IQQQ +0.23 points	0.77%	1.00%
Automatic Data Processing IncADP	GPIQ +0.22 points	0.67%	0.45%
Palo Alto Networks Inc.PANW	GPIQ +0.22 points	1.37%	1.15%
Pepsico, Inc.PEP	GPIQ +0.22 points	0.94%	0.72%
Lam Research CorporationLRCX	IQQQ +0.21 points	0.95%	1.16%
Walmart IncWMT	GPIQ +0.20 points	2.52%	2.32%
Crowdstrike Holdings, Inc.CRWD	GPIQ +0.20 points	1.19%	0.99%
Lumentum Holdings Inc.LITE	GPIQ +0.20 points	0.49%	0.29%
T-Mobile Us, Inc.TMUS	GPIQ +0.20 points	0.85%	0.65%
Qualcomm IncQCOM	GPIQ +0.19 points	0.86%	0.67%
Marriott International, IncMAR	GPIQ +0.17 points	0.57%	0.40%
Airbnb Inc.ABNB	GPIQ +0.16 points	0.43%	0.27%
Kla CorpKLAC	IQQQ +0.15 points	0.65%	0.80%
Mondelez International, Inc.MDLZ	GPIQ +0.14 points	0.46%	0.32%
Rocket Lab CorporationRKLB	GPIQ +0.13 points	0.26%	0.13%
Starbucks Corp.SBUX	GPIQ +0.13 points	0.59%	0.46%
Amgen Inc.AMGN	GPIQ +0.14 points	1.11%	0.97%
Exelon CorporationEXC	IQQQ +0.13 points	0.05%	0.18%
Intuitive Surgical, Inc.ISRG	GPIQ +0.12 points	0.71%	0.59%
Gilead SciencesGILD	GPIQ +0.11 points	0.93%	0.82%
Fastenal CompanyFAST	GPIQ +0.11 points	0.34%	0.23%
Pdd Holdings Inc-AdrPDD	GPIQ +0.12 points	0.32%	0.20%
Fortinet, Inc.FTNT	GPIQ +0.11 points	0.50%	0.39%
Roper Technologies IncROP	GPIQ +0.11 points	0.29%	0.18%
O'reilly Automotive, Inc.ORLY	GPIQ +0.10 points	0.38%	0.28%
Xcel Energy Inc.XEL	IQQQ +0.10 points	0.09%	0.19%
Comcast CorporationCMCSA	IQQQ +0.10 points	0.22%	0.32%
Ross Stores IncROST	GPIQ +0.10 points	0.38%	0.28%
PayPal Holdings, Inc.PYPL	GPIQ +0.09 points	0.28%	0.19%
Old Dominion Freight Line, Inc.ODFL	GPIQ +0.09 points	0.23%	0.14%
Moderna, Inc.MRNA	GPIQ +0.09 points	0.43%	0.34%
Cisco Systems, Inc.CSCO	GPIQ +0.09 points	1.68%	1.59%
Booking Holdings Inc.BKNG	IQQQ +0.09 points	0.34%	0.43%
Datadog, Inc.DDOG	GPIQ +0.09 points	0.39%	0.30%
Synopsys Inc.SNPS	GPIQ +0.08 points	0.43%	0.35%
Cadence Design Systems IncCDNS	GPIQ +0.08 points	0.43%	0.35%
Paccar IncPCAR	IQQQ +0.08 points	0.13%	0.21%
Coreweave, Inc.CRWV	GPIQ +0.07 points	0.17%	0.10%
Nebius Group NVNBIS	GPIQ +0.08 points	0.22%	0.14%
Vertex Pharmaceuticals IncorporatedVRTX	GPIQ +0.07 points	0.62%	0.55%
Paychex, Inc.PAYX	IQQQ +0.06 points	0.09%	0.15%
Monster Beverage CorporationMNST	IQQQ +0.07 points	0.29%	0.36%
Honeywell International IncHON	IQQQ +0.07 points	0.20%	0.27%
Baker Hughes CoBKR	IQQQ +0.06 points	0.15%	0.21%
Take Two Interactive SoftwareTTWO	IQQQ +0.07 points	0.07%	0.14%
Cintas CorporationCTAS	GPIQ +0.06 points	0.40%	0.34%
Dexcom, Inc.DXCM	GPIQ +0.06 points	0.18%	0.12%
Intel CorporationINTC	GPIQ +0.05 points	1.39%	1.34%
Workday, Inc.WDAY	GPIQ +0.06 points	0.21%	0.15%
Strategy IncMSTR	GPIQ +0.06 points	0.24%	0.18%
Applovin CorporationAPP	IQQQ +0.06 points	0.21%	0.27%
Intuit IncINTU	GPIQ +0.05 points	0.41%	0.36%
Copart, Inc.CPRT	GPIQ +0.04 points	0.15%	0.11%
Ge Healthcare Technologies Inc.GEHC	GPIQ +0.05 points	0.18%	0.13%
Astera Labs, Inc.ALAB	IQQQ +0.04 points	0.13%	0.17%
Mercadolibre, Inc.MELI	IQQQ +0.04 points	0.28%	0.32%
Asml Holding N.v.-AdrASML	IQQQ +0.04 points	0.53%	0.57%
Arm Holdings Plc-AdrARM	IQQQ +0.04 points	0.31%	0.35%
Constellation Energy CorpCEG	IQQQ +0.04 points	0.32%	0.36%
Seagate Technology Holdin PLCSTX	IQQQ +0.04 points	0.53%	0.57%
Autodesk, Inc.ADSK	IQQQ +0.03 points	0.17%	0.20%
Regeneron Pharmaceutical IncREGN	GPIQ +0.03 points	0.39%	0.36%
Alnylam Pharmaceuticals Inc.ALNY	GPIQ +0.02 points	0.11%	0.09%
Sandisk CorporationSNDK	GPIQ +0.02 points	0.67%	0.65%
Csx CorporationCSX	GPIQ +0.02 points	0.39%	0.37%
Axon Enterprise, Inc.AXON	IQQQ +0.02 points	0.11%	0.13%
Idexx LaboratoriesIDXX	GPIQ +0.02 points	0.19%	0.17%
Western Digital CorporationWDC	IQQQ +0.02 points	0.49%	0.51%
Diamondback Energy IncFANG	GPIQ +0.01 points	0.24%	0.23%
Adobe IncADBE	IQQQ +0.01 points	0.37%	0.38%
Keurig Dr Pepper IncKDP	GPIQ +0.01 points	0.20%	0.19%
Honeywell Aerospace Inc.HONA	IQQQ +0.01 points	0.18%	0.19%
Doordash IncDASH	GPIQ +0.01 points	0.29%	0.28%

All 105 GPIQ holdings⁠All 107 IQQQ holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GPIQ vs IQQQ Cost

Overpaying IQQQ vs GPIQ

$4,952

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

GPIQ 0.29%
$5,952
IQQQ 0.55%
$10,904

Amount$10,000

Years30 years

Cost over time

GPIQ 0.29%
IQQQ 0.55%
Overpaying

Year by year

Year	GPIQ	IQQQ	Overpaying
10	$527	$988	$461
20	$2,044	$3,790	$1,746
30	$5,952	$10,904	$4,952

Expense ratio

0.29%GPIQ, cheaper
0.55%IQQQ

GPIQ0.29%IQQQ0.55%

0.00%1.20%

Middle half of Nasdaq-100 Option Income funds
Median 0.71%

GPIQ 2nd cheapest of 30 funds

IQQQ 9th cheapest of 30 funds

GPIQ vs IQQQ Dividends

Last 12 months to Nov 2, 2026

Yield (12M): GPIQ 11.74%, better; IQQQ 7.18%
Payout (12M): GPIQ $6.24; IQQQ $3.21
Last payment: GPIQ $0.47; IQQQ $0.23
Ex-dividend: GPIQ Nov 2, 2026; IQQQ Nov 2, 2026
Paid on: GPIQ Pays Nov 6, 2026; IQQQ Pays Nov 6, 2026
Frequency: GPIQ Monthly; IQQQ Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GPIQMonthly · 36 paymentsAll GPIQ payments⁠

IQQQMonthly · 31 paymentsAll IQQQ payments⁠

GPIQ vs IQQQ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GPIQ 14.5%IQQQ 16.7%since Apr 2024
Return per unit of riskSharpe ratio, 3 years: GPIQ 1.21IQQQ 0.65since Apr 2024
Worst fallMax drawdown, 5 years: GPIQ −21.1%since Oct 2023IQQQ −20.4%since Mar 2024
Market sensitivityBeta, 5 years: GPIQ 1.16IQQQ 1.16; Market = 1

GPIQ and IQQQ in the news

All news⁠

ETF Filings
Franklin Templeton files two PayDay ETFs that would pay every two weeks
Oct 16, 2026GPIQ
ETF Filings
Motley Fool files five Fool 100 ETFs, three for options income
Oct 9, 2026GPIQ
Category Review
The four largest Nasdaq-100 income funds trailed the stocks by 0.9 to 5.8 percentage points
Updated Oct 2, 2026GPIQ

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GPIQ vs IQQQ

In short

Stated mandate

Why people hold it