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GPIQ vs QQA

Goldman Sachs Nasdaq-100 Premium Income ETF

GPIQANasdaq

Invesco QQQ Income Advantage ETF

QQAANasdaq

Overlap

72.8%by weight

Expense ratio

QQA −0.02pt a year

GPIQ0.35%QQA0.33%

Avg volume · 30D

GPIQ 12.7×the volume

GPIQ1.5MQQA118K

GPIQ vs QQA Performance

Oct 16, 2025 – Oct 16, 2026

+18.6%GPIQ+16.4%QQA

Oct 16, 2025 to Oct 16, 2026. GPIQ +18.6%. QQA +16.4%. Use the arrow keys to read each point.−5%0%5%10%25%Oct 2025Apr 2026Oct 2026
Expense ratio
GPIQ 0.35%
QQA 0.33%, better
Fund size
GPIQ $6.38B
QQA $921M
1Y total return
GPIQ +18.6%, better
QQA +16.4%
Yield (12M)
GPIQ 10.38%, better
QQA 10.13%
Holdings
GPIQ 102
QQA 120
Avg volume (30D)
GPIQ 1.5M sh, better
QQA 118K sh
NAV per share
GPIQ $56.82
QQA $56.42
52W range

ETF.net Grade

GPIQ: Cost 87, Risk 54, Mission 100, Tradability 80, Holdings 74, Durability 78. QQA: Cost 97, Risk 70, Mission 97, Tradability 62, Holdings 65, Durability 73.
Pillar letters and Scores for GPIQ, QQA, with each pillar’s weight
PillarGPIQQQA
Cost30% weightA87A97Higher
Mission25% weightA100HigherA97
Risk15% weightC54A70Higher
Tradability15% weightA80HigherB62
Holdings10% weightA74HigherB65
Durability5% weightA78HigherA73

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 QQA 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 ›

QQA ranks 1st and GPIQ 2nd 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

Our read on each fund

ETF.net Research

GPIQAGoldman Sachs Nasdaq-100 Premium Income ETF

QQAAInvesco QQQ Income Advantage 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.

QQA Nasdaq-100 exposure with an options-income overlay, actively run, no leverage, paid monthly. The hook is price: 0.33% is less than half the going rate in the Nasdaq covered-call aisle.

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.

QQA Actively managed QQA combines Nasdaq-100 equity exposure with an options-income overlay. It seeks consistent monthly income, long-term capital growth, and lower volatility without leverage.

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.
  • QQA At 0.33%, it charges less than half the typical fee in its Nasdaq-100 options-income group, and undercuts heavyweights like JEPQ, GPIQ and QYLD.
  • Actively managed rather than rules-locked, with stated aims of consistent monthly income, long-term capital growth and lower volatility.invesco.com
  • No leverage in the structure. The income comes from writing options against a portfolio of about 120 Nasdaq-100 names, and it pays monthly.
  • One of the strongest implementations in the Nasdaq-100 income crowd on our review, mostly because it does the same job as pricier rivals for less.

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.
  • QQA The overlay is the trade-off: selling calls funds the monthly check and gives up some of the upside when the Nasdaq runs hard.
  • Launched in 2024, so the track record covers a short stretch of market weather compared with older funds in the group.
  • Payouts are monthly but not fixed: no target yield is declared, and option premiums move with volatility. The equity side stays mega-cap tech heavy.

Full GPIQ profile⁠

Full QQA profile⁠

GPIQ vs QQA Holdings

Overlap

72.8%by weight

Only GPIQ
7
of 102
In both
95
holdings
Only QQA
25
of 120

Holdings side by side

Top 10 holdings by combined weight
HoldingGPIQQQA
Invesco Premier US Government Money PortfolioInvesco Premier US Government Money PortfolioNot held19.91%
NVDANVIDIA Corporation8.11%6.09%
AAPLApple Inc.7.73%5.81%
MSFTMicrosoft Corporation6.19%4.66%
MUMicron Technology, Inc.4.49%3.38%
AMZNAmazon.com Inc4.18%3.20%
AMDAdvanced Micro Devices Inc.3.95%2.95%
GOOGLAlphabet Inc.3.98%2.39%
METAMeta Platforms Inc-Class A3.43%2.55%
TSLATesla Inc.2.86%2.22%

All 108 GPIQ holdings⁠All 119 QQA holdings⁠

Sectors

GPIQQQASame weight

  • TechnologyGPIQ 60.7%QQA 60.1%
  • CommunicationGPIQ 12.6%QQA 12.3%
  • Consumer DiscretionaryGPIQ 9.9%QQA 10.3%
  • Consumer StaplesGPIQ 5.5%QQA 5.8%
  • IndustrialsGPIQ 5.1%QQA 5.3%
  • Health CareGPIQ 3.8%QQA 3.7%
  • Materials, same for bothGPIQ 0.9%QQA 0.9%
  • UtilitiesGPIQ 0.9%QQA 1.1%
  • Energy, same for bothGPIQ 0.5%QQA 0.5%
  • Financials, same for bothGPIQ 0.2%QQA 0.2%

GPIQ vs QQA Cost

Expense ratio

  • 0.35%GPIQ
  • 0.33%QQA, cheaper
  • Middle half of Nasdaq-100 Option Income funds
  • Median 0.68%

QQA 2nd cheapest of 31 funds

GPIQ 3rd cheapest of 31 funds

$389less in fees with QQA over 30 years, on $10,000 invested

$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 QQA Dividends

Last 12 months to Oct 16, 2026
Yield (12M)
GPIQ 10.38%, better
QQA 10.13%
Payout (12M)
GPIQ $5.77
QQA $5.60
Last payment
GPIQ $0.51
QQA $0.49
Ex-dividend
GPIQ Oct 1, 2026
QQA Sep 21, 2026
Paid on
GPIQ Oct 7, 2026
QQA Sep 25, 2026
Frequency
GPIQ Monthly
QQA 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
QQAMonthly · 26 paymentsAll QQA payments⁠
One bar per payment. 26 payments from 2023 to 2026 YTD. Aug 19, 2024 $0.41; Sep 23, 2024 $0.42; Oct 21, 2024 $0.42; Nov 18, 2024 $0.46; Dec 23, 2024 $0.44; Jan 21, 2025 $0.44; Feb 24, 2025 $0.44; Mar 24, 2025 $0.40; Apr 21, 2025 $0.38; May 19, 2025 $0.42; Jun 23, 2025 $0.42; Jul 21, 2025 $0.44; Aug 18, 2025 $0.44; Sep 22, 2025 $0.45; Oct 20, 2025 $0.45; Nov 24, 2025 $0.44; Dec 22, 2025 $0.46; Jan 20, 2026 $0.46; Feb 23, 2026 $0.45; Mar 23, 2026 $0.43; Apr 20, 2026 $0.46; May 18, 2026 $0.49; Jun 22, 2026 $0.50; Jul 20, 2026 $0.48; Aug 24, 2026 $0.48; Sep 21, 2026 $0.49. Use the arrow keys to read each point.$0$0.5020232026YTD

GPIQ vs QQA 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 2023QQA 12.5%since Aug 2024
Return per unit of riskSharpe ratio, 3 years
GPIQ 1.43since Nov 2023QQA 1.21since Aug 2024
Worst fallMax drawdown, 5 years
GPIQ −21.1%since Oct 2023QQA −19.7%since Jul 2024
Market sensitivityBeta, 3 years
GPIQ 1.16QQA 0.92

GPIQ and QQA in the news

All news⁠

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