GPIQ vs QQQY: Grades, Fees and Holdings Compared

Goldman Sachs Nasdaq-100 Premium Income ETF

GPIQANasdaq

Defiance Nasdaq 100 Weekly Distribution ETF

QQQYCNasdaq

Overlap

0.0%by weight

Expense ratio

GPIQ −0.72pt a year

GPIQ0.29%QQQY1.01%

Avg volume · 30D

GPIQ 15.9×the volume

GPIQ1.57MQQQY99K

3Y return · a year

GPIQ +7.9pt

GPIQ+23.2%QQQY+15.3%

GPIQ vs QQQY Performance

Oct 31, 2025 – Oct 30, 2026

+11.4%GPIQ+11.1%QQQY

Expense ratio: GPIQ 0.29%, better; QQQY 1.01%
Fund size: GPIQ $6.52B; QQQY $179M
1Y total return: GPIQ +11.4%, better; QQQY +11.1%
Yield (12M): GPIQ 10.62%; QQQY 35.31%, better
Holdings: GPIQ 102; QQQY 4
Avg volume (30D): GPIQ 1.57M sh, better; QQQY 99K sh
NAV per share: GPIQ $56.04; QQQY $20.47
52W range

ETF.net Grade

Pillar letters and Scores for GPIQ, QQQY, with each pillar’s weight
Pillar	GPIQ	QQQY
Cost30% weight	A92Higher	F17
Mission25% weight	A100Higher	A70
Risk15% weight	C52Higher	C43
Tradability15% weight	A73Higher	B61
Holdings10% weight	A85	Not scored
Durability5% weight	A79Higher	C54

Rank among Nasdaq-100 Option Income funds

How we build Categories ›

Same Category. GPIQ and QQQY 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 QQQY 20th of 30 funds in the Nasdaq-100 Option Income Category.

Rank 1AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 83
Rank 2AQQAInvesco QQQ Income Advantage ETFScore 82
Rank 19CQXQSGI Enhanced Nasdaq 100 ETFScore 51
Rank 20CQQQYDefiance Nasdaq 100 Weekly Distribution ETFScore 45
Rank 21DCANQCalamos Nasdaq Equity & Income ETFScore 39

Our read on each fund

ETF.net Research

GPIQAGoldman Sachs Nasdaq-100 Premium Income ETF

QQQYCDefiance Nasdaq 100 Weekly Distribution 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.

QQQY The original 0DTE income fund. QQQY sells an in-the-money Nasdaq-100 put every trading day, holds Treasuries as collateral, and pays on a weekly schedule against a stated 30% annual distribution target.

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.

QQQY The Fund seeks current income and secondary exposure to the performance of 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.

QQQY Launched September 2023 as the first ETF built around daily-expiring (0DTE) index options for income.businesswire.com
The machinery is easy to picture: sell one in-the-money Nasdaq-100 put per trading day, hold Treasuries behind it, keep the premium.defianceetfs.com
The payout policy is written down, not improvised: a 30% annual distribution rate target, paid weekly.

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.

QQQY The 1.01% fee sits above most Nasdaq-100 income funds; covered-call peers JEPQ, GPIQ and QYLG charge 0.35%.
Distributions can include return of capital, which hands back part of your own investment and reduces the share price.defianceetfs.com
Put-writing takes the index's downside while gains stop at the premium collected. You hold Treasuries and options, not Nasdaq-100 shares.defianceetfs.com

Full GPIQ profile⁠

Full QQQY profile⁠

GPIQ vs QQQY Holdings

How GPIQ and QQQY differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of GPIQ and 0.0% of QQQY.

Level by level

Holdings0 in both0.0%
Countryby domicile97.4%
Sector10 Sectors97.6%
Asset classEquity100%

Sector

Sector weights in GPIQ and QQQY, widest gap first
Sector	More in GPIQMore in QQQY	GPIQ	QQQY
Industrials	GPIQ +2.2 points	5.1%	2.9%
Consumer Staples	QQQY +0.7 points	5.5%	6.2%
Consumer Discretionary	QQQY +0.8 points	9.9%	10.7%
Communication	QQQY +0.4 points	12.6%	13.0%
Health Care	GPIQ +0.2 points	3.8%	3.6%
Utilities	QQQY +0.2 points	0.9%	1.1%
Technology	QQQY +0.1 points	60.7%	60.8%
Materials	QQQY +0.1 points	0.9%	1.0%
Financials	Same weight	0.1%	0.2%
Energy	Same weight	0.5%	0.5%

Country, concentration and asset class

Country by domicile

Country weights in GPIQ and QQQY, widest gap first
Country	More in GPIQMore in QQQY	GPIQ	QQQY
United States	QQQY +2.6 points	97.4%	100.0%
Canada	GPIQ +1.1 points	1.1%	0.0%
Netherlands	GPIQ +0.7 points	0.7%	0.0%
Other countries (3)	GPIQ +0.8 points	0.8%	0.0%

Concentration

Weight in the 10 largest Holdings

GPIQ46.4%
QQQY100.9%

Securities held

GPIQ101
QQQY3

Asset class

GPIQ: Equity
QQQY: Equity

Holdings

Only in GPIQ101
In both0
Only in QQQY3

Only in GPIQ

101 securities, 100% of GPIQ by weight

Apple Inc.7.99%
NVIDIA Corporation7.82%
Microsoft Corporation6.25%
Micron Technology, Inc.4.41%
Amazon.com Inc4.05%
Advanced Micro Devices Inc.3.74%
Tesla Inc.3.23%
Alphabet Inc.3.16%
Meta Platforms Inc-Class A3.07%
Broadcom Inc.2.74%
Space Exploration Technologies Corp.2.65%
Walmart Inc2.36%
Palantir Technologies Inc.2.02%
Costco Wholesale Corporation2.00%
Intel Corporation1.89%
Applied Materials Inc1.79%
Cisco Systems, Inc.1.67%
Alphabet Inc.1.59%
Texas Instruments Inc.1.56%
Palo Alto Networks Inc.1.39%
Analog Devices Inc.1.32%
Crowdstrike Holdings, Inc.1.22%
Linde PLC1.06%
Amgen Inc.1.05%
Marvell Technology, Inc.1.01%
Lam Research Corporation0.96%
Qualcomm Inc0.94%
Shopify Inc.0.90%
Pepsico, Inc.0.90%
Gilead Sciences0.88%
Netflix, Inc.0.87%
Sandisk Corporation0.79%
T-Mobile Us, Inc.0.78%
American Electric Power Inc0.76%
Intuitive Surgical, Inc.0.72%
Kla Corp0.65%
Automatic Data Processing Inc0.64%
Starbucks Corp.0.59%
Vertex Pharmaceuticals Incorporated0.58%
Marriott International, Inc0.56%
Asml Holding N.v.-Adr0.56%
Seagate Technology Holdin PLC0.54%
Lumentum Holdings Inc.0.53%
Monolithic Power Systems, Inc.0.52%
Western Digital Corporation0.50%
Fortinet, Inc.0.50%
Teradyne Inc0.49%
Nxp Semiconductors N.v.0.48%
Microchip Technology Incorporated0.44%
Synopsys Inc.0.44%

Only in QQQY

3 securities, 100% of QQQY by weight

Ndx 12/18/2026 1000.34 C97.71%
First American Government Obligations Fund 12/01/20311.76%
Ndx 11/02/2026 28464.33 C0.72%

Weight gaps

GPIQ and QQQY share no securities.

All 106 GPIQ holdings⁠All 5 QQQY 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 QQQY Cost

Overpaying QQQY vs GPIQ

$12,898

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

GPIQ 0.29%
$5,952
QQQY 1.01%
$18,850

Amount$10,000

Years30 years

Cost over time

GPIQ 0.29%
QQQY 1.01%
Overpaying

Year by year

Year	GPIQ	QQQY	Overpaying
10	$527	$1,780	$1,253
20	$2,044	$6,686	$4,642
30	$5,952	$18,850	$12,898

Expense ratio

0.29%GPIQ, cheaper
1.01%QQQY

GPIQ0.29%QQQY1.01%

0.00%1.20%

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

GPIQ 2nd cheapest of 30 funds

QQQY 25th cheapest of 30 funds

GPIQ vs QQQY Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GPIQ 10.62%; QQQY 35.31%, better
Payout (12M): GPIQ $5.77; QQQY $7.22
Last payment: GPIQ $0.51; QQQY $0.12
Ex-dividend: GPIQ Oct 1, 2026; QQQY Oct 29, 2026
Paid on: GPIQ Oct 7, 2026; QQQY Oct 30, 2026
Frequency: GPIQ Monthly; QQQY Weekly

Distribution history

Per share, 2026, same scale for both

GPIQMonthly · 10 paymentsAll GPIQ payments⁠

QQQYWeekly · 43 paymentsAll QQQY payments⁠

GPIQ vs QQQY 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%, betterQQQY 15.7%
Return per unit of riskSharpe ratio, 3 years: GPIQ 1.21, betterQQQY 0.70
Worst fallMax drawdown, 5 years: GPIQ −21.1%since Oct 2023QQQY −18.9%since Sep 2023
Market sensitivityBeta, 5 years: GPIQ 1.16QQQY 0.99; Market = 1

GPIQ and QQQY in the news

All news⁠

ETF Filings
Defiance files AI index funds that may also buy private companies outside the index
Oct 30, 2026QQQY
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

Popular comparisons

GPIQAvsQQAA
Goldman Sachs Nasdaq-100 Premium Income ETF · Invesco QQQ Income Advantage ETF
Expense ratio
0.29% · 0.29%
Category
QQQYCvsQQAA
Defiance Nasdaq 100 Weekly Distribution ETF · Invesco QQQ Income Advantage ETF
Expense ratio
1.01% · 0.29%
Category
GPIQAvsJEPQA
Goldman Sachs Nasdaq-100 Premium Income ETF · JPMorgan Nasdaq Equity Premium Income ETF
Expense ratio
0.29% · 0.35%
Category
QQQYCvsJEPQA
Defiance Nasdaq 100 Weekly Distribution ETF · JPMorgan Nasdaq Equity Premium Income ETF
Expense ratio
1.01% · 0.35%
Category
GPIQAvsQYLDA
Goldman Sachs Nasdaq-100 Premium Income ETF · Global X Nasdaq 100 Covered Call ETF
Expense ratio
0.29% · 0.60%
Category
QQQYCvsQYLDA
Defiance Nasdaq 100 Weekly Distribution ETF · Global X Nasdaq 100 Covered Call ETF
Expense ratio
1.01% · 0.60%
Category