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GPIQ vs QXQ

Goldman Sachs Nasdaq-100 Premium Income ETF

GPIQANasdaq

SGI Enhanced Nasdaq 100 ETF

QXQCNasdaq

Overlap

Expense ratio

GPIQ −0.69pt a year

GPIQ0.29%QXQ0.98%

Avg volume · 30D

GPIQ 130.7×the volume

GPIQ1.57MQXQ12K

GPIQ vs QXQ Performance

Oct 31, 2025 – Oct 30, 2026

+11.4%GPIQ+11.1%QXQ

Oct 31, 2025 to Oct 30, 2026. GPIQ +11.4%. QXQ +11.1%. Use the arrow keys to read each point.−10%−5%0%20%Oct 2025Apr 2026Oct 2026
Expense ratio
GPIQ 0.29%, better
QXQ 0.98%
Fund size
GPIQ $6.52B
QXQ $82M
1Y total return
GPIQ +11.4%, better
QXQ +11.1%
Yield (12M)
GPIQ 10.62%
QXQ 15.81%, better
Holdings
GPIQ 102
QXQ 10
Avg volume (30D)
GPIQ 1.57M sh, better
QXQ 12K sh
NAV per share
GPIQ $56.04
QXQ $30.76
52W range

ETF.net Grade

GPIQ: Cost 92, Risk 52, Mission 100, Tradability 73, Holdings 85, Durability 79. QXQ: Cost 22, Risk 39, Mission 100, Tradability 44, Holdings not scored, Durability 49.
Pillar letters and Scores for GPIQ, QXQ, with each pillar’s weight
PillarGPIQQXQ
Cost30% weightA92HigherF22
Mission25% weightA100A100
Risk15% weightC52HigherD39
Tradability15% weightA73HigherC44
Holdings10% weightA85Not scored
Durability5% weightA79HigherC49

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 QXQ 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 QXQ 19th of 30 funds in the Nasdaq-100 Option Income Category.

  1. Rank 1AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 83
  2. Rank 2AQQAInvesco QQQ Income Advantage ETFScore 82
  3. Rank 18CCAIQCalamos Nasdaq Autocallable Income ETFScore 52
  4. Rank 19CQXQSGI Enhanced Nasdaq 100 ETFScore 51
  5. Rank 20CQQQYDefiance Nasdaq 100 Weekly Distribution ETFScore 45

Our read on each fund

ETF.net Research

GPIQAGoldman Sachs Nasdaq-100 Premium Income ETF

QXQCSGI Enhanced Nasdaq 100 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.

QXQ A boutique, actively managed take on Nasdaq-100 income: a manager decides which options to write instead of following a covered-call rulebook, and income lands quarterly. The discretion comes at the pricier end of the category.

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.

QXQ The Fund seeks capital appreciation and current income. It is actively managed, invests at least 80% of its net assets in Nasdaq-100-related equity or index-replication instruments, and uses options strategies to generate income.

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.
  • QXQ Actively managed rather than rules-based. The manager chooses the options, with at least 80% of net assets in Nasdaq-100 equity or index-replication instruments.
  • Dual mandate stated plainly in the filings: capital appreciation plus current income. The options overlay supplements the Nasdaq-100 exposure rather than replacing it.
  • Does what the label says. The portfolio and the options program line up closely with the Nasdaq-100 income mandate in its own documents.

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.
  • QXQ At 0.98% a year, it sits above the roughly 0.68% median for Nasdaq-100 income funds, and well above peers like JEPQ, GPIQ and QQA near 0.35%.
  • A small fund that trades thinly, so getting in and out can cost more than it does in the category's household names.
  • Launched in 2024, so the live record is short, and income arrives quarterly rather than monthly. It currently sits in the lower half of its peer group.

Full GPIQ profile⁠

Full QXQ profile⁠

GPIQ vs QXQ 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 QXQ Cost

Overpaying QXQ vs GPIQ

$12,410

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

  • GPIQ 0.29%

    $5,952

  • QXQ 0.98%

    $18,362

$10,000
30 years

Cost over time

  • GPIQ 0.29%
  • QXQ 0.98%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QXQ $18,362GPIQ $5,952

Year by year

YearGPIQQXQOverpaying
10$527$1,729$1,202
20$2,044$6,504$4,460
30$5,952$18,362$12,410

Expense ratio

  • 0.29%GPIQ, cheaper
  • 0.98%QXQ
  • Middle half of Nasdaq-100 Option Income funds
  • Median 0.71%

GPIQ 2nd cheapest of 30 funds

QXQ 23rd cheapest of 30 funds

GPIQ vs QXQ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
GPIQ 10.62%
QXQ 15.81%, better
Payout (12M)
GPIQ $5.77
QXQ $4.87
Last payment
GPIQ $0.51
QXQ $0.08
Ex-dividend
GPIQ Oct 1, 2026
QXQ Sep 28, 2026
Paid on
GPIQ Oct 7, 2026
QXQ Sep 29, 2026
Frequency
GPIQ Monthly
QXQ Quarterly

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$520232026YTD
QXQQuarterly · 9 paymentsAll QXQ payments⁠
One bar per payment. 9 payments from 2023 to 2026 YTD. Oct 1, 2024 $0.05; Dec 30, 2024 $0.48; Mar 27, 2025 $0.15; Jun 26, 2025 $0.09; Sep 26, 2025 $0.11; Dec 23, 2025 $4.65; Mar 30, 2026 $0.06; Jun 29, 2026 $0.08; Sep 28, 2026 $0.08. Use the arrow keys to read each point.$0$520232026YTD

GPIQ vs QXQ 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%QXQ 18.3%since Jul 2024
Return per unit of riskSharpe ratio, 3 years
GPIQ 1.21QXQ 0.78since Jul 2024
Worst fallMax drawdown, 5 years
GPIQ −21.1%since Oct 2023QXQ −22.5%since Jun 2024
Market sensitivityBeta, 5 years
GPIQ 1.16QXQ 1.45

GPIQ and QXQ in the news

All news⁠

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