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GPIQ vs JEPQ

Goldman Sachs Nasdaq-100 Premium Income ETF

GPIQANasdaq

JPMorgan Nasdaq Equity Premium Income ETF

JEPQANasdaq

Overlap

70.4%by weight

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

GPIQ0.35%JEPQ0.35%

Avg volume · 30D

JEPQ 4.2×the volume

GPIQ1.5MJEPQ6.28M

GPIQ vs JEPQ Performance

Oct 16, 2025 – Oct 16, 2026

+18.6%GPIQ+15.7%JEPQ

Oct 16, 2025 to Oct 16, 2026. GPIQ +18.6%. JEPQ +15.7%. Use the arrow keys to read each point.−5%0%5%10%25%Oct 2025Apr 2026Oct 2026
Expense ratio
GPIQ 0.35%
JEPQ 0.35%
Fund size
GPIQ $6.38B
JEPQ $43.2B
1Y total return
GPIQ +18.6%, better
JEPQ +15.7%
Yield (12M)
GPIQ 10.38%
JEPQ 11.71%, better
Holdings
GPIQ 102
JEPQ 111
Avg volume (30D)
GPIQ 1.5M sh
JEPQ 6.28M sh, better
NAV per share
GPIQ $56.82
JEPQ $58.81
52W range

ETF.net Grade

GPIQ: Cost 87, Risk 54, Mission 100, Tradability 80, Holdings 74, Durability 78. JEPQ: Cost 87, Risk 67, Mission 94, Tradability 73, Holdings 45, Durability 92.
Pillar letters and Scores for GPIQ, JEPQ, with each pillar’s weight
PillarGPIQJEPQ
Cost30% weightA87A87
Mission25% weightA100HigherA94
Risk15% weightC54B67Higher
Tradability15% weightA80HigherA73
Holdings10% weightA74HigherC45
Durability5% weightA78A92Higher

Rank among Nasdaq-100 Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GPIQ and JEPQ are both graded against the same 31 Nasdaq-100 Option Income funds, so their Grades compare head to head.

Nasdaq-100 Option Income⁠

Category · 31 funds
See all 31 ›

GPIQ ranks 2nd and JEPQ 4th of 31 funds in the Nasdaq-100 Option Income Category.

  1. Rank 1AQQAInvesco QQQ Income Advantage ETFScore 83
  2. Rank 2AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 82
  3. Rank 2AQYLDGlobal X - Nasdaq 100 Covered Call ETFScore 82
  4. Rank 4AJEPQJPMorgan Nasdaq Equity Premium Income ETFScore 79
  5. Rank 4AQYLGGlobal X Nasdaq 100 Covered Call & Growth ETFScore 79

Our read on each fund

ETF.net Research

GPIQAGoldman Sachs Nasdaq-100 Premium Income ETF

JEPQAJPMorgan Nasdaq Equity Premium Income ETF

In short

GPIQ Goldman's Nasdaq-100 income build: own the index, sell calls dynamically rather than blanket the whole book, collect a monthly check. The fee lands well under what this corner of the market typically charges.

JEPQ Most Nasdaq income funds bolt call options onto the index and call it a day. JEPQ picks its own roughly 110 US large-cap stocks, then writes out-of-the-money Nasdaq-100 calls on top, aiming for monthly income with less volatility than the index itself.

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.

JEPQ The fund seeks current income while preserving potential for capital appreciation. It combines a data-science-driven portfolio of U.S. large-cap stocks with written out-of-the-money Nasdaq-100 Index call options and seeks lower volatility than the Nasdaq-100 Index.

Why people hold it

  • GPIQ Charges 0.35% a year against a 0.68% median for Nasdaq-100 option income funds. Undercuts QYLD's 0.60% and matches JEPQ.
  • Dynamic overwriting is the point: it sells calls on a portion of the portfolio and adjusts, seeking income while keeping prospects for capital appreciation.
  • Nasdaq-100 equity exposure across about 110 positions, paid out monthly, in a multi-billion-dollar fund that trades actively.
  • Among the strongest implementations in a crowded field of 27 Nasdaq-100 option income funds, and it does what its prospectus says it does.
  • JEPQ Charges 0.35% a year, roughly half the typical fee among Nasdaq options-income funds and well under QYLD's 0.60%.
  • Income is manufactured by writing out-of-the-money Nasdaq-100 calls and paid out monthly, rather than harvested from high-dividend stocks.jpmorgan.com
  • One of the largest and most heavily traded funds in the Nasdaq options-income group, which generally means tight spreads and easy entry and exit.
  • The calls are struck out of the money, so the mandate keeps room for capital appreciation in the stock sleeve alongside the payout.jpmorgan.com

Worth knowing

  • GPIQ Selling calls swaps upside for premium. When the Nasdaq runs hard, the written calls hold you back from the index's full move.
  • Monthly payouts move with option premiums and may include return of capital, so part of a distribution can be your own capital coming back.
  • Underneath the income wrapper sits concentrated large-cap tech. Premium income softens a drawdown, it does not buffer one.
  • JEPQ The overlay clips the top off big Nasdaq rallies: premium comes in, but stock gains above the call strikes go to the option buyer.jpmorgan.com
  • Monthly payouts float with option premiums, which move with market volatility. This is variable income, not a fixed coupon.
  • About 110 US large-cap holdings paired with a Nasdaq-100 overlay: concentrated, tech-leaning exposure rather than a broad-market portfolio.jpmorgan.com

Full GPIQ profile⁠

Full JEPQ profile⁠

GPIQ vs JEPQ Holdings

Overlap

70.4%by weight

Only GPIQ
30
of 102
In both
72
holdings
Only JEPQ
39
of 111

Holdings side by side

Top 10 holdings by combined weight
HoldingGPIQJEPQ
NVDANVIDIA Corporation8.11%7.24%
AAPLApple Inc.7.73%6.68%
MSFTMicrosoft Corporation6.19%5.49%
MUMicron Technology, Inc.4.49%4.31%
AMZNAmazon.com Inc4.18%3.85%
AMDAdvanced Micro Devices Inc.3.95%3.73%
GOOGAlphabet Inc.1.99%4.83%
METAMeta Platforms Inc-Class A3.43%3.06%
TSLATesla Inc.2.86%2.11%
AVGOBroadcom Inc.2.56%1.94%

All 108 GPIQ holdings⁠All 110 JEPQ holdings⁠

Sectors

GPIQJEPQSame weight

  • TechnologyGPIQ 60.7%JEPQ 61.0%
  • Communication, same for bothGPIQ 12.6%JEPQ 12.6%
  • Consumer DiscretionaryGPIQ 9.9%JEPQ 10.5%
  • Consumer StaplesGPIQ 5.5%JEPQ 5.2%
  • IndustrialsGPIQ 5.1%JEPQ 3.9%
  • Health CareGPIQ 3.8%JEPQ 4.2%
  • MaterialsGPIQ 0.9%JEPQ 0.8%
  • Utilities, same for bothGPIQ 0.9%JEPQ 0.9%
  • EnergyGPIQ 0.5%JEPQ 0.3%
  • FinancialsGPIQ 0.2%JEPQ 0.4%
  • Real EstateGPIQ —JEPQ 0.2%

GPIQ vs JEPQ Cost

Expense ratio

  • 0.35%GPIQ
  • 0.35%JEPQ
  • Middle half of Nasdaq-100 Option Income funds
  • Median 0.68%

GPIQ 3rd cheapest of 31 funds

JEPQ 3rd cheapest of 31 funds

$0$2,000$4,000$6,000$8,000Start10 years20 years30 years

Assumes $10,000 invested once and 7% growth a year before fees.

GPIQ vs JEPQ Dividends

Last 12 months to Oct 16, 2026
Yield (12M)
GPIQ 10.38%
JEPQ 11.71%, better
Payout (12M)
GPIQ $5.77
JEPQ $6.88
Last payment
GPIQ $0.51
JEPQ $0.57
Ex-dividend
GPIQ Oct 1, 2026
JEPQ Oct 1, 2026
Paid on
GPIQ Oct 7, 2026
JEPQ Oct 5, 2026
Frequency
GPIQ Monthly
JEPQ Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GPIQMonthly · 35 paymentsAll GPIQ payments⁠
One bar per payment. 35 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. Use the arrow keys to read each point.$0$0.5020232026YTD
JEPQMonthly · 45 paymentsAll JEPQ payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.44; Mar 1, 2023 $0.43; Apr 3, 2023 $0.45; May 1, 2023 $0.48; Jun 1, 2023 $0.36; Jul 3, 2023 $0.37; Aug 1, 2023 $0.37; Sep 1, 2023 $0.45; Oct 2, 2023 $0.42; Nov 1, 2023 $0.42; Dec 1, 2023 $0.42; Dec 28, 2023 $0.39; Feb 1, 2024 $0.34; Mar 1, 2024 $0.38; Apr 1, 2024 $0.43; May 1, 2024 $0.43; Jun 3, 2024 $0.45; Jul 1, 2024 $0.42; Aug 1, 2024 $0.43; Sep 3, 2024 $0.56; Oct 1, 2024 $0.55; Nov 1, 2024 $0.49; Dec 2, 2024 $0.51; Dec 31, 2024 $0.46; Feb 3, 2025 $0.45; Mar 3, 2025 $0.48; Apr 1, 2025 $0.54; May 1, 2025 $0.60; Jun 2, 2025 $0.62; Jul 1, 2025 $0.49; Aug 1, 2025 $0.44; Sep 2, 2025 $0.44; Oct 1, 2025 $0.45; Nov 3, 2025 $0.48; Dec 1, 2025 $0.55; Dec 31, 2025 $0.58; Feb 2, 2026 $0.47; Mar 2, 2026 $0.51; Apr 1, 2026 $0.56; May 1, 2026 $0.59; Jun 1, 2026 $0.56; Jul 1, 2026 $0.64; Aug 3, 2026 $0.70; Sep 1, 2026 $0.68; Oct 1, 2026 $0.57. Use the arrow keys to read each point.$0$0.5020232026YTD

GPIQ vs JEPQ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GPIQ 14.1%since Nov 2023JEPQ 11.2%
Return per unit of riskSharpe ratio, 3 years
GPIQ 1.43since Nov 2023JEPQ 1.43Same figure. Both funds show the same value, so neither comes out ahead.
Worst fallMax drawdown, 5 years
GPIQ −21.1%since Oct 2023JEPQ −20.1%since May 2022
Market sensitivityBeta, 3 years
GPIQ 1.16JEPQ 0.83

GPIQ and JEPQ in the news

All news⁠

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