GPIQ vs ROCQ

GPIQAGoldman Sachs Nasdaq-100 Premium Income ETF

ROCQBJPMorgan Nasdaq Equity Premium Yield 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.

ROCQ JPMorgan's newer Nasdaq income build: a data-driven basket of Nasdaq-listed stocks paired with sold call spreads, so upside is squeezed into a band rather than capped outright. Fee: 0.35% a year.

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.

ROCQ ROCQ seeks current yield alongside capital appreciation and total return by investing in NASDAQ-listed stocks and selling call option spreads. Its long-equity portfolio uses a proprietary data-science-driven allocation approach and seeks lower volatility than 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.

• ROCQ Fee runs 0.35%, about half the typical Nasdaq options-income fund. Level with JEPQ, GPIQ and QYLG, and well under QYLD.
• Sells call spreads rather than plain covered calls: premium collected is smaller, but the upside handed away stops at the upper strike instead of running on.
• The stock side is not the index. Roughly 100 Nasdaq-listed names chosen by a data-science model that aims for lower volatility than the Nasdaq-100 itself.
• Sits in the upper half of a crowded Nasdaq options-income cohort, mostly on price and risk profile.

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.

• ROCQ Launched in 2026, so the public record is short and risk readings lean on limited history.
• JPMorgan discloses that distributions can include return of capital, meaning part of a payout may be your own principal coming back.
• Trading is moderate rather than heavy for this category, so bid-ask spreads can sit wider than at the household-name Nasdaq income funds.

Full GPIQ profile⁠

Full ROCQ profile⁠