GPIQ vs QYLG: Grades, Fees and Holdings Compared

Goldman Sachs Nasdaq-100 Premium Income ETF

GPIQANasdaq

Global X Nasdaq 100 Covered Call & Growth ETF

QYLGANasdaq

Overlap

91.2%by weight

Expense ratio

GPIQ −0.06pt a year

GPIQ0.29%QYLG0.35%

Avg volume · 30D

GPIQ 31.5×the volume

GPIQ1.66MQYLG52.6K

3Y return · a year

GPIQ +1.8pt

GPIQ+20.8%QYLG+19.0%

GPIQ vs QYLG Performance

Nov 7, 2025 – Nov 9, 2026

+12.2%GPIQ+13.6%QYLG

Expense ratio: GPIQ 0.29%, better; QYLG 0.35%
Fund size: GPIQ $6.2B; QYLG $177M
1Y total return: GPIQ +12.2%; QYLG +13.6%, better
Yield (12M): GPIQ 10.89%; QYLG 17.65%, better
Holdings: GPIQ 102; QYLG 103
Avg volume (30D): GPIQ 1.66M sh, better; QYLG 52.6K sh
NAV per share: GPIQ $51.24; QYLG $27.46
52W range

ETF.net Grade

Pillar letters and Scores for GPIQ, QYLG, with each pillar’s weight
Pillar	GPIQ	QYLG
Cost30% weight	A92Higher	A82
Mission25% weight	A100Higher	A96
Risk15% weight	C51	B66Higher
Tradability15% weight	B62Higher	C51
Holdings10% weight	A73	A73
Durability5% weight	A79Higher	B67

Rank among Nasdaq-100 Option Income funds

How we build Categories ›

Same Category. GPIQ and QYLG 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 2nd and QYLG 5th of 30 funds in the Nasdaq-100 Option Income Category.

Rank 1AQQAInvesco QQQ Income Advantage ETFScore 82
Rank 2AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 80
Rank 2AQYLDGlobal X Nasdaq 100 Covered Call ETFScore 80
Rank 4AJEPQJPMorgan Nasdaq Equity Premium Income ETFScore 79
Rank 5AQYLGGlobal X Nasdaq 100 Covered Call & Growth ETFScore 76
Rank 6AQQQINEOS Nasdaq-100 High Income ETFScore 73

Our read on each fund

ETF.net Research

GPIQAGoldman Sachs Nasdaq-100 Premium Income ETF

QYLGAGlobal X Nasdaq 100 Covered Call & Growth 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.

QYLG Covered calls, but only on half the book. QYLG owns the Nasdaq-100 and sells at-the-money calls on roughly 50% of the portfolio, trading away half the index's upside for monthly option income instead of all of it.

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.

QYLG QYLG combines exposure to Nasdaq-100 stocks with a covered-call program on approximately half of the portfolio. The strategy is intended to provide income while retaining some upside participation.

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.

QYLG Calls cover about half the portfolio, so the unwritten half keeps full participation in Nasdaq-100 moves instead of getting capped every month.globalxetfs.com
A 0.35% expense ratio undercuts most Nasdaq-100 option-income funds, including Global X's own full-overwrite sibling QYLD.
Rules-based, not discretionary: it follows the Cboe Nasdaq-100 Half BuyWrite V2 Index, and its delivery of that stated mandate sits in the top quartile of its peer group.globalxetfs.com
Distributions run monthly, a cadence the fund has kept since its 2020 launch.globalxetfs.com

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.

QYLG Half the overwrite, roughly half the premium: by design this generates less income than a full covered-call fund like QYLD writing on the whole portfolio.globalxetfs.com
The written half uses at-the-money calls, so that slice's gains stop at the strike in a hot month. Premium collected rises and falls with volatility.globalxetfs.com
Assets and daily volume are modest next to the category's heavyweights, so bid-ask spreads matter more on larger orders.

Full GPIQ profile⁠

Full QYLG profile⁠

GPIQ vs QYLG Holdings

How GPIQ and QYLG differ

Overlap by weight

91.2%

Shared holdings make up 97.0% of QYLG and 97.0% of GPIQ.

About this figure: GPIQ earns income from options, which aren’t counted.

QYLG earns income from options, which aren’t counted.

Level by level

Holdings95 in both91.2%
Sector10 Sectors98.9%
Asset classStocks100%
Countryby domicile99.7%

Sector

Sector weights in GPIQ and QYLG, widest gap first
Sector	Gap	GPIQ	QYLG
Communication	QYLG +0.9 points	11.2%	12.1%
Technology	GPIQ +0.8 points	55.7%	54.9%
Energy	QYLG +0.1 points	0.4%	0.5%
Consumer Discretionary	GPIQ +0.1 points	11.9%	11.8%
Industrials	Same weight	5.3%	5.3%
Financials	GPIQ +0.1 points	0.3%	0.2%
Consumer Staples	Same weight	7.5%	7.5%
Utilities	GPIQ +0.1 points	1.3%	1.2%
Health Care	GPIQ +0.1 points	5.3%	5.2%
Materials	Same weight	1.2%	1.1%

Country, concentration and asset class

Country by domicile

Country weights in GPIQ and QYLG, widest gap first
Country	Gap	GPIQ	QYLG
United States	GPIQ +0.2 points	97.5%	97.3%
Canada	GPIQ +0.1 points	1.1%	1.0%
Netherlands	QYLG +0.2 points	0.6%	0.8%
Brazil	QYLG +0.1 points	0.3%	0.4%
China	Same weight	0.3%	0.3%
United Kingdom	Same weight	0.2%	0.2%

Concentration

Weight in the 10 largest Holdings

GPIQ47.2%
QYLG47.0%

Securities held

GPIQ101
QYLG102

Asset class

GPIQ: Stocks
QYLG: Stocks

Holdings

Only in GPIQ6
In both95
Only in QYLG7

Only in GPIQ

6 securities, 3.0% of GPIQ by weight

Linde PLC1.14%
Shopify Inc.0.89%
Nxp Semiconductors N.v.0.47%
Coca-Cola European Partners PLC0.21%
Thomson Reuters Corporation0.21%
Ferrovial NV0.11%

Only in QYLG

7 securities, 2.9% of QYLG by weight

Linde PLC1.12%
Shopify Inc - Class A0.85%
Nxp Semiconductors NV0.30%
Coca-Cola Europacific Partners PLC0.24%
Ferrovial NV0.20%
Thomson Reuters Corp0.19%
Other Payable & Receivables<0.01%

Weight gaps

All 95 Holdings in both funds, largest gap first.

Holding weights in GPIQ and QYLG, widest gap first
Holding	Gap	GPIQ	QYLG
Alphabet Inc.GOOG	QYLG +1.00 points	1.69%	2.69%
Alphabet Inc.GOOGL	GPIQ +0.60 points	3.46%	2.86%
American Electric Power IncAEP	GPIQ +0.46 points	0.78%	0.32%
Lam Research CorporationLRCX	QYLG +0.35 points	0.84%	1.19%
Analog Devices Inc.ADI	GPIQ +0.34 points	1.17%	0.83%
Intel CorporationINTC	QYLG +0.29 points	1.11%	1.40%
Applied Materials IncAMAT	GPIQ +0.29 points	1.53%	1.24%
Monolithic Power Systems, Inc.MPWR	GPIQ +0.27 points	0.55%	0.28%
Teradyne IncTER	GPIQ +0.27 points	0.43%	0.16%
Texas Instruments Inc.TXN	GPIQ +0.26 points	1.46%	1.20%
T-Mobile Us, Inc.TMUS	QYLG +0.23 points	0.59%	0.82%
Netflix, Inc.NFLX	QYLG +0.23 points	1.02%	1.25%
Advanced Micro Devices Inc.AMD	QYLG +0.22 points	3.24%	3.46%
Meta Platforms Inc-Class AMETA	GPIQ +0.22 points	3.33%	3.11%
Kla CorpKLAC	QYLG +0.21 points	0.64%	0.85%
NVIDIA CorporationNVDA	QYLG +0.21 points	7.49%	7.70%
Asml Holding N.v.-AdrASML	QYLG +0.20 points	0.42%	0.62%
Micron Technology, Inc.MU	QYLG +0.19 points	3.49%	3.68%
Microchip Technology IncorporatedMCHP	GPIQ +0.19 points	0.34%	0.15%
Broadcom Inc.AVGO	GPIQ +0.19 points	2.58%	2.39%
Cisco Systems, Inc.CSCO	QYLG +0.19 points	1.56%	1.75%
Exelon CorporationEXC	QYLG +0.17 points	0.05%	0.22%
Marvell Technology, Inc.MRVL	GPIQ +0.16 points	0.74%	0.58%
Automatic Data Processing IncADP	GPIQ +0.15 points	0.72%	0.57%
Mercadolibre, Inc.MELI	QYLG +0.14 points	0.22%	0.36%
Astera Labs, Inc.ALAB	QYLG +0.14 points	<0.01%	0.15%
Apple Inc.AAPL	GPIQ +0.14 points	8.69%	8.55%
Lumentum Holdings Inc.LITE	GPIQ +0.14 points	0.36%	0.22%
Airbnb Inc.ABNB	GPIQ +0.13 points	0.51%	0.38%
Comcast CorporationCMCSA	QYLG +0.14 points	0.27%	0.41%
Seagate Technology Holdin PLCSTX	QYLG +0.13 points	0.36%	0.49%
Western Digital CorporationWDC	QYLG +0.13 points	0.32%	0.45%
Honeywell International IncHON	GPIQ +0.12 points	0.45%	0.33%
Rocket Lab CorporationRKLB	GPIQ +0.12 points	0.27%	0.15%
Arm Holdings Plc-AdrARM	QYLG +0.12 points	0.24%	0.36%
Paccar IncPCAR	QYLG +0.13 points	0.13%	0.26%
Booking Holdings Inc.BKNG	QYLG +0.12 points	0.45%	0.57%
Sandisk CorporationSNDK	QYLG +0.11 points	0.47%	0.58%
Marriott International, IncMAR	GPIQ +0.11 points	0.62%	0.51%
Qualcomm IncQCOM	GPIQ +0.11 points	0.93%	0.82%
Paychex, Inc.PAYX	QYLG +0.10 points	0.10%	0.20%
Baker Hughes CoBKR	QYLG +0.11 points	0.12%	0.23%
Palantir Technologies Inc.PLTR	GPIQ +0.10 points	1.84%	1.74%
Constellation Energy CorpCEG	QYLG +0.10 points	0.32%	0.42%
Applovin CorporationAPP	QYLG +0.09 points	0.47%	0.56%
Tesla Inc.TSLA	QYLG +0.09 points	3.13%	3.22%
Alnylam Pharmaceuticals Inc.ALNY	QYLG +0.09 points	<0.01%	0.10%
PayPal Holdings, Inc.PYPL	GPIQ +0.09 points	0.33%	0.24%
Mondelez International, Inc.MDLZ	GPIQ +0.08 points	0.48%	0.40%
Roper Technologies IncROP	GPIQ +0.09 points	0.31%	0.22%
Adobe IncADBE	QYLG +0.08 points	0.37%	0.45%
Fastenal CompanyFAST	GPIQ +0.07 points	0.36%	0.29%
Coreweave, Inc.CRWV	GPIQ +0.08 points	0.18%	0.10%
Take Two Interactive SoftwareTTWO	QYLG +0.07 points	0.12%	0.19%
Microsoft CorporationMSFT	GPIQ +0.07 points	6.81%	6.74%
Pdd Holdings Inc-AdrPDD	GPIQ +0.07 points	0.33%	0.26%
Pepsico, Inc.PEP	QYLG +0.06 points	0.85%	0.91%
Nebius Group NVNBIS	GPIQ +0.07 points	0.21%	0.14%
Crowdstrike Holdings, Inc.CRWD	GPIQ +0.06 points	1.11%	1.05%
Old Dominion Freight Line, Inc.ODFL	GPIQ +0.05 points	0.22%	0.17%
Strategy IncMSTR	GPIQ +0.06 points	0.28%	0.22%
Intuit IncINTU	QYLG +0.05 points	0.39%	0.44%
Palo Alto Networks Inc.PANW	GPIQ +0.05 points	1.26%	1.21%
Starbucks Corp.SBUX	GPIQ +0.05 points	0.62%	0.57%
Amazon.com IncAMZN	QYLG +0.06 points	4.73%	4.79%
Ross Stores IncROST	GPIQ +0.05 points	0.40%	0.35%
Copart, Inc.CPRT	QYLG +0.04 points	0.10%	0.14%
O'reilly Automotive, Inc.ORLY	GPIQ +0.05 points	0.39%	0.34%
Datadog, Inc.DDOG	GPIQ +0.04 points	0.32%	0.28%
Doordash IncDASH	QYLG +0.04 points	0.30%	0.34%
Cadence Design Systems IncCDNS	GPIQ +0.04 points	0.46%	0.42%
Honeywell Aerospace Inc.HONA	QYLG +0.04 points	0.19%	0.23%
Dexcom, Inc.DXCM	GPIQ +0.04 points	0.18%	0.14%
Synopsys Inc.SNPS	GPIQ +0.04 points	0.45%	0.41%
Moderna, Inc.MRNA	GPIQ +0.04 points	0.52%	0.48%
Fortinet, Inc.FTNT	GPIQ +0.04 points	0.45%	0.41%
Intuitive Surgical, Inc.ISRG	GPIQ +0.03 points	0.79%	0.76%
Autodesk, Inc.ADSK	QYLG +0.03 points	0.22%	0.25%
Ge Healthcare Technologies Inc.GEHC	GPIQ +0.03 points	0.20%	0.17%
Workday, Inc.WDAY	GPIQ +0.03 points	0.21%	0.18%
Axon Enterprise, Inc.AXON	QYLG +0.03 points	0.09%	0.12%
Monster Beverage CorporationMNST	GPIQ +0.03 points	0.45%	0.42%
Costco Wholesale CorporationCOST	GPIQ +0.03 points	2.24%	2.21%
Diamondback Energy IncFANG	GPIQ +0.03 points	0.26%	0.23%
Walmart IncWMT	QYLG +0.01 points	2.87%	2.88%
Gilead SciencesGILD	QYLG +0.02 points	0.96%	0.98%
Space Exploration Technologies Corp.SPCX	GPIQ +0.02 points	2.74%	2.72%
Csx CorporationCSX	QYLG +0.02 points	0.41%	0.43%
Vertex Pharmaceuticals IncorporatedVRTX	QYLG +0.02 points	0.63%	0.65%
Cintas CorporationCTAS	GPIQ +0.01 points	0.42%	0.41%
Amgen Inc.AMGN	GPIQ +0.01 points	1.18%	1.17%
Regeneron Pharmaceutical IncREGN	GPIQ +0.01 points	0.44%	0.43%
Keurig Dr Pepper IncKDP	GPIQ +0.01 points	0.24%	0.23%
Idexx LaboratoriesIDXX	Same weight	0.25%	0.25%
Xcel Energy Inc.XEL	Same weight	0.23%	0.23%

All 104 GPIQ holdings⁠All 102 QYLG 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 QYLG Cost

Overpaying QYLG vs GPIQ

$1,174

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

GPIQ 0.29%
$5,952
QYLG 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

GPIQ 0.29%
QYLG 0.35%
Overpaying

Year by year

Year	GPIQ	QYLG	Overpaying
10	$527	$634	$107
20	$2,044	$2,454	$410
30	$5,952	$7,126	$1,174

Expense ratio

0.29%GPIQ, cheaper
0.35%QYLG

GPIQ0.29%QYLG0.35%

0.00%1.20%

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

GPIQ 2nd cheapest of 30 funds

QYLG 4th cheapest of 30 funds

GPIQ vs QYLG Dividends

Last 12 months to Nov 9, 2026

Yield (12M): GPIQ 10.89%; QYLG 17.65%, better
Payout (12M): GPIQ $5.76; QYLG $5.02
Last payment: GPIQ $0.47; QYLG $0.17
Ex-dividend: GPIQ Nov 2, 2026; QYLG Oct 19, 2026
Paid on: GPIQ Nov 6, 2026; QYLG Oct 22, 2026
Frequency: GPIQ Monthly; QYLG Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GPIQMonthly · 36 paymentsAll GPIQ payments⁠

QYLGMonthly · 47 paymentsAll QYLG payments⁠

GPIQ vs QYLG 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%QYLG 12.4%, better
Return per unit of riskSharpe ratio, 3 years: GPIQ 1.21QYLG 1.27, better
Worst fallMax drawdown, 5 years: GPIQ −21.1%since Oct 2023QYLG −30.0%
Market sensitivityBeta, 5 years: GPIQ 1.16QYLG 0.94; Market = 1

GPIQ and QYLG in the news

All news⁠

Category Review
The four largest Nasdaq-100 income funds trailed the stocks by 0.9 to 5.8 percentage points
Updated Oct 2, 2026GPIQQYLG
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

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