GPIQ vs TDAQ: Grades, Fees and Holdings Compared

Goldman Sachs Nasdaq-100 Premium Income ETF

GPIQANasdaq

TappAlpha Innovation 100 Growth & Daily Income ETF

TDAQBCboe

Overlap

91.0%by weight

Expense ratio

GPIQ −0.39pt a year

GPIQ0.29%TDAQ0.68%

Avg volume · 30D

GPIQ 3.3×the volume

GPIQ1.57MTDAQ479K

GPIQ vs TDAQ Performance

Oct 31, 2025 – Nov 2, 2026

+9.9%GPIQ+8.8%TDAQ

Expense ratio: GPIQ 0.29%, better; TDAQ 0.68%
Fund size: GPIQ $6.36B; TDAQ $473M
1Y total return: GPIQ +9.9%, better; TDAQ +8.8%
Yield (12M): GPIQ 11.74%; TDAQ 18.12%, better
Holdings: GPIQ 102; TDAQ 104
Avg volume (30D): GPIQ 1.57M sh, better; TDAQ 479K sh
NAV per share: GPIQ $54.25; TDAQ $25.18
52W range

ETF.net Grade

Pillar letters and Scores for GPIQ, TDAQ, with each pillar’s weight
Pillar	GPIQ	TDAQ
Cost30% weight	A92Higher	C53
Mission25% weight	A100Higher	A97
Risk15% weight	B56Higher	C40
Tradability15% weight	A73Higher	B69
Holdings10% weight	A85Higher	A78
Durability5% weight	A79Higher	C50

Rank among Nasdaq-100 Option Income funds

How we build Categories ›

Same Category. GPIQ and TDAQ 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 TDAQ 10th of 30 funds in the Nasdaq-100 Option Income Category.

Rank 1AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 84
Rank 2AQQAInvesco QQQ Income Advantage ETFScore 82
Rank 10BQRMIGlobal X Nasdaq 100 Risk Managed Income ETFScore 66
Rank 10BTDAQTappAlpha Innovation 100 Growth & Daily Income ETFScore 66
Rank 13BEDGQGlobal X Nasdaq-100 Income Edge ETFScore 61

Our read on each fund

ETF.net Research

GPIQAGoldman Sachs Nasdaq-100 Premium Income ETF

TDAQBTappAlpha Innovation 100 Growth & Daily Income 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.

TDAQ TDAQ resets daily: it holds the Nasdaq-100 through an index ETF and sells out-of-the-money calls that generally expire the same day, turning part of the index's upside into monthly income.

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.

TDAQ The actively managed ETF seeks current income and capital appreciation through a long QQQ position combined with short call options. It sells out-of-the-money calls each day, generally with zero days to expiration.

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.

TDAQ Each short call generally expires the same day, so the cap resets every morning; the prospectus says daily options track the underlying more closely than longer-dated overwrites.sec.gov
Premium comes in every session and goes out monthly. Strikes are set by an active manager each day rather than locked into one monthly expiry.
Does what it says on the tin: long Nasdaq-100 exposure plus daily out-of-the-money calls, and it sits in the upper half of its Nasdaq-100 income peer group.

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.

TDAQ At 0.68% with no waiver, the fee sits near the category median; cheaper builds exist, like GPIQ at 0.29% net of a waiver through April 30, 2027, and JEPQ at 0.35%.
Selling calls hands over gains above the strike. Daily resets shorten how long that cap binds, but the income still comes out of upside.sec.gov
A September 2025 launch means a short track record, and premiums (so the monthly payout) rise and fall with volatility on a concentrated, tech-heavy index.

Full GPIQ profile⁠

Full TDAQ profile⁠

GPIQ vs TDAQ Holdings

How GPIQ and TDAQ differ

Overlap by weight

91.0%

Shared holdings make up 96.9% of TDAQ and 96.5% of GPIQ.

Level by level

Holdings95 in both91.0%
Sector10 Sectors96.3%
Asset classEquity100%
Countryby domicile99.7%

Sector

Sector weights in GPIQ and TDAQ, widest gap first
Sector	More in GPIQMore in TDAQ	GPIQ	TDAQ
Technology	GPIQ +3.1 points	60.7%	57.6%
Consumer Staples	TDAQ +1.1 points	5.5%	6.6%
Consumer Discretionary	TDAQ +1.0 points	9.9%	10.9%
Health Care	TDAQ +0.7 points	3.8%	4.5%
Communication	GPIQ +0.6 points	12.6%	12.0%
Industrials	TDAQ +0.4 points	5.1%	5.5%
Utilities	TDAQ +0.2 points	0.9%	1.1%
Materials	TDAQ +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 TDAQ, widest gap first
Country	More in GPIQMore in TDAQ	GPIQ	TDAQ
United States	GPIQ +0.1 points	97.4%	97.3%
Canada	Same weight	1.1%	1.1%
Netherlands	TDAQ +0.2 points	0.7%	0.9%
Brazil	TDAQ +0.1 points	0.3%	0.4%
China	GPIQ +0.1 points	0.3%	0.2%
United Kingdom	Same weight	0.2%	0.2%

Concentration

Weight in the 10 largest Holdings

GPIQ46.4%
TDAQ46.4%

Securities held

GPIQ101
TDAQ103

Asset class

GPIQ: Equity
TDAQ: Equity

Holdings

Only in GPIQ6
In both95
Only in TDAQ8

Only in GPIQ

6 securities, 2.9% of GPIQ by weight

Linde PLC1.10%
Shopify Inc.0.87%
Nxp Semiconductors N.v.0.48%
Thomson Reuters Corporation0.21%
Coca-Cola European Partners PLC0.20%
Ferrovial NV0.09%

Only in TDAQ

8 securities, 3.1% of TDAQ by weight

Linde PLC1.09%
Shopify Inc0.86%
NXP Semiconductors NV0.29%
Coca-Cola Europacific Partners PLC0.23%
Thomson Reuters Corp0.21%
First American Government Obligations Fund 12/01/20310.20%
Ferrovial NV0.19%
NASDAQ-1 Cll Opt 11/26 28940<0.01%

Weight gaps

All 95 Holdings in both funds, largest gap first.

Holding weights in GPIQ and TDAQ, widest gap first
Holding	More in GPIQMore in TDAQ	GPIQ	TDAQ
Alphabet Inc.GOOG	TDAQ +0.93 points	1.60%	2.53%
American Electric Power IncAEP	GPIQ +0.46 points	0.78%	0.32%
Alphabet Inc.GOOGL	GPIQ +0.45 points	3.15%	2.70%
Netflix, Inc.NFLX	TDAQ +0.41 points	0.77%	1.18%
Analog Devices Inc.ADI	GPIQ +0.40 points	1.30%	0.90%
Applied Materials IncAMAT	GPIQ +0.34 points	1.69%	1.35%
Lam Research CorporationLRCX	TDAQ +0.34 points	0.95%	1.29%
Walmart IncWMT	TDAQ +0.30 points	2.52%	2.82%
Texas Instruments Inc.TXN	GPIQ +0.28 points	1.53%	1.25%
Teradyne IncTER	GPIQ +0.27 points	0.46%	0.19%
Kla CorpKLAC	TDAQ +0.26 points	0.65%	0.91%
Monolithic Power Systems, Inc.MPWR	GPIQ +0.25 points	0.54%	0.29%
Marvell Technology, Inc.MRVL	GPIQ +0.25 points	0.93%	0.68%
Microchip Technology IncorporatedMCHP	GPIQ +0.24 points	0.43%	0.19%
NVIDIA CorporationNVDA	TDAQ +0.23 points	7.78%	8.01%
Amazon.com IncAMZN	TDAQ +0.22 points	4.14%	4.36%
Lumentum Holdings Inc.LITE	GPIQ +0.21 points	0.49%	0.28%
Booking Holdings Inc.BKNG	TDAQ +0.18 points	0.34%	0.52%
Exelon CorporationEXC	TDAQ +0.17 points	0.05%	0.22%
Comcast CorporationCMCSA	TDAQ +0.17 points	0.22%	0.39%
Tesla Inc.TSLA	TDAQ +0.17 points	3.32%	3.49%
Automatic Data Processing IncADP	GPIQ +0.14 points	0.67%	0.53%
Xcel Energy Inc.XEL	TDAQ +0.14 points	0.09%	0.23%
Monster Beverage CorporationMNST	TDAQ +0.14 points	0.29%	0.43%
Cisco Systems, Inc.CSCO	TDAQ +0.13 points	1.68%	1.81%
Microsoft CorporationMSFT	GPIQ +0.13 points	6.33%	6.20%
Broadcom Inc.AVGO	GPIQ +0.13 points	2.65%	2.52%
Mercadolibre, Inc.MELI	TDAQ +0.12 points	0.28%	0.40%
Rocket Lab CorporationRKLB	GPIQ +0.12 points	0.26%	0.14%
Honeywell International IncHON	TDAQ +0.13 points	0.20%	0.33%
Space Exploration Technologies Corp.SPCX	TDAQ +0.13 points	2.53%	2.66%
Paccar IncPCAR	TDAQ +0.12 points	0.13%	0.25%
Asml Holding N.v.-AdrASML	TDAQ +0.12 points	0.53%	0.65%
Meta Platforms Inc-Class AMETA	GPIQ +0.11 points	3.08%	2.97%
Airbnb Inc.ABNB	GPIQ +0.10 points	0.43%	0.33%
Paychex, Inc.PAYX	TDAQ +0.10 points	0.09%	0.19%
Applovin CorporationAPP	TDAQ +0.10 points	0.21%	0.31%
Take Two Interactive SoftwareTTWO	TDAQ +0.09 points	0.07%	0.16%
Baker Hughes CoBKR	TDAQ +0.09 points	0.15%	0.24%
Constellation Energy CorpCEG	TDAQ +0.09 points	0.32%	0.41%
Seagate Technology Holdin PLCSTX	TDAQ +0.09 points	0.53%	0.62%
Marriott International, IncMAR	GPIQ +0.08 points	0.57%	0.49%
Mondelez International, Inc.MDLZ	GPIQ +0.08 points	0.46%	0.38%
Fortinet, Inc.FTNT	GPIQ +0.08 points	0.50%	0.42%
Qualcomm IncQCOM	GPIQ +0.08 points	0.86%	0.78%
Arm Holdings Plc-AdrARM	TDAQ +0.08 points	0.31%	0.39%
Roper Technologies IncROP	GPIQ +0.08 points	0.29%	0.21%
Adobe IncADBE	TDAQ +0.08 points	0.37%	0.45%
Pdd Holdings Inc-AdrPDD	GPIQ +0.08 points	0.32%	0.24%
Fastenal CompanyFAST	GPIQ +0.07 points	0.34%	0.27%
Doordash IncDASH	TDAQ +0.07 points	0.29%	0.36%
Autodesk, Inc.ADSK	TDAQ +0.07 points	0.17%	0.24%
Coreweave, Inc.CRWV	GPIQ +0.07 points	0.17%	0.10%
Pepsico, Inc.PEP	GPIQ +0.07 points	0.94%	0.87%
Nebius Group NVNBIS	GPIQ +0.07 points	0.22%	0.15%
Crowdstrike Holdings, Inc.CRWD	GPIQ +0.06 points	1.19%	1.13%
Palantir Technologies Inc.PLTR	GPIQ +0.07 points	1.93%	1.86%
T-Mobile Us, Inc.TMUS	GPIQ +0.07 points	0.85%	0.78%
Palo Alto Networks Inc.PANW	GPIQ +0.07 points	1.37%	1.30%
Western Digital CorporationWDC	TDAQ +0.06 points	0.49%	0.55%
Old Dominion Freight Line, Inc.ODFL	GPIQ +0.07 points	0.23%	0.16%
Datadog, Inc.DDOG	GPIQ +0.06 points	0.39%	0.33%
O'reilly Automotive, Inc.ORLY	GPIQ +0.05 points	0.38%	0.33%
Idexx LaboratoriesIDXX	TDAQ +0.05 points	0.19%	0.24%
Starbucks Corp.SBUX	GPIQ +0.05 points	0.59%	0.54%
PayPal Holdings, Inc.PYPL	GPIQ +0.05 points	0.28%	0.23%
Astera Labs, Inc.ALAB	TDAQ +0.05 points	0.13%	0.18%
Honeywell Aerospace Inc.HONA	TDAQ +0.05 points	0.18%	0.23%
Sandisk CorporationSNDK	TDAQ +0.05 points	0.67%	0.72%
Csx CorporationCSX	TDAQ +0.05 points	0.39%	0.44%
Regeneron Pharmaceutical IncREGN	TDAQ +0.04 points	0.39%	0.43%
Axon Enterprise, Inc.AXON	TDAQ +0.05 points	0.11%	0.16%
Ross Stores IncROST	GPIQ +0.04 points	0.38%	0.34%
Amgen Inc.AMGN	TDAQ +0.03 points	1.11%	1.14%
Workday, Inc.WDAY	GPIQ +0.04 points	0.21%	0.17%
Intel CorporationINTC	TDAQ +0.04 points	1.39%	1.43%
Dexcom, Inc.DXCM	GPIQ +0.03 points	0.18%	0.15%
Gilead SciencesGILD	TDAQ +0.03 points	0.93%	0.96%
Micron Technology, Inc.MU	GPIQ +0.02 points	4.30%	4.28%
Intuit IncINTU	TDAQ +0.03 points	0.41%	0.44%
Copart, Inc.CPRT	GPIQ +0.02 points	0.15%	0.13%
Synopsys Inc.SNPS	GPIQ +0.03 points	0.43%	0.40%
Strategy IncMSTR	GPIQ +0.03 points	0.24%	0.21%
Keurig Dr Pepper IncKDP	TDAQ +0.02 points	0.20%	0.22%
Moderna, Inc.MRNA	GPIQ +0.03 points	0.43%	0.40%
Vertex Pharmaceuticals IncorporatedVRTX	TDAQ +0.02 points	0.62%	0.64%
Costco Wholesale CorporationCOST	TDAQ +0.02 points	2.08%	2.10%
Apple Inc.AAPL	GPIQ +0.02 points	8.15%	8.13%
Diamondback Energy IncFANG	TDAQ +0.02 points	0.24%	0.26%
Cintas CorporationCTAS	TDAQ +0.02 points	0.40%	0.41%
Cadence Design Systems IncCDNS	GPIQ +0.01 points	0.43%	0.42%
Ge Healthcare Technologies Inc.GEHC	GPIQ +0.01 points	0.18%	0.17%
Alnylam Pharmaceuticals Inc.ALNY	GPIQ +0.01 points	0.11%	0.10%
Advanced Micro Devices Inc.AMD	GPIQ +0.01 points	3.47%	3.46%
Intuitive Surgical, Inc.ISRG	GPIQ +0.01 points	0.71%	0.70%

All 105 GPIQ holdings⁠All 105 TDAQ 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 TDAQ Cost

Overpaying TDAQ vs GPIQ

$7,300

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

GPIQ 0.29%
$5,952
TDAQ 0.68%
$13,252

Amount$10,000

Years30 years

Cost over time

GPIQ 0.29%
TDAQ 0.68%
Overpaying

Year by year

Year	GPIQ	TDAQ	Overpaying
10	$527	$1,215	$688
20	$2,044	$4,633	$2,589
30	$5,952	$13,252	$7,300

Expense ratio

0.29%GPIQ, cheaper
0.68%TDAQ

GPIQ0.29%TDAQ0.68%

0.00%1.20%

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

GPIQ 2nd cheapest of 30 funds

TDAQ 13th cheapest of 30 funds

GPIQ vs TDAQ Dividends

Last 12 months to Nov 2, 2026

Yield (12M): GPIQ 11.74%; TDAQ 18.12%, better
Payout (12M): GPIQ $6.24; TDAQ $4.51
Last payment: GPIQ $0.47; TDAQ $0.38
Ex-dividend: GPIQ Nov 2, 2026; TDAQ Oct 20, 2026
Paid on: GPIQ Pays Nov 6, 2026; TDAQ Oct 21, 2026
Frequency: GPIQ Monthly; TDAQ Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GPIQMonthly · 36 paymentsAll GPIQ payments⁠

TDAQMonthly · 13 paymentsAll TDAQ payments⁠

GPIQ vs TDAQ 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%TDAQ 21.5%since Oct 2025
Return per unit of riskSharpe ratio, 3 years: GPIQ 1.21TDAQ 0.53since Oct 2025
Worst fallMax drawdown, 5 years: GPIQ −21.1%since Oct 2023TDAQ −11.7%since Sep 2025
Market sensitivityBeta, 5 years: GPIQ 1.16TDAQ 1.47; Market = 1

GPIQ and TDAQ in the news

All news⁠

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
TDAQBvsQQAA
TappAlpha Innovation 100 Growth & Daily Income ETF · Invesco QQQ Income Advantage ETF
Expense ratio
0.68% · 0.29%
Category
GPIQAvsJEPQA
Goldman Sachs Nasdaq-100 Premium Income ETF · JPMorgan Nasdaq Equity Premium Income ETF
Expense ratio
0.29% · 0.35%
Category
TDAQBvsJEPQA
TappAlpha Innovation 100 Growth & Daily Income ETF · JPMorgan Nasdaq Equity Premium Income ETF
Expense ratio
0.68% · 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
TDAQBvsQYLDA
TappAlpha Innovation 100 Growth & Daily Income ETF · Global X Nasdaq 100 Covered Call ETF
Expense ratio
0.68% · 0.60%
Category