GPIQ vs XQQI: Grades, Fees and Holdings Compared

Goldman Sachs Nasdaq-100 Premium Income ETF

GPIQANasdaq

NEOS Boosted Nasdaq-100 High Income ETF

XQQICNasdaq

Overlap

90.7%by weight

Expense ratio

GPIQ −0.69pt a year

GPIQ0.29%XQQI0.98%

Avg volume · 30D

GPIQ 5.1×the volume

GPIQ1.57MXQQI309K

GPIQ vs XQQI Performance

Jul 31, 2026 – Oct 30, 2026

+0.4%GPIQ+0.5%XQQI

Expense ratio: GPIQ 0.29%, better; XQQI 0.98%
Fund size: GPIQ $6.52B; XQQI $396M
1Y total return: GPIQ +11.4%; XQQI No data
Yield (12M): GPIQ 10.62%; XQQI No data
Holdings: GPIQ 102; XQQI 103
Avg volume (30D): GPIQ 1.57M sh, better; XQQI 309K sh
NAV per share: GPIQ $56.04; XQQI $45.29
52W range

ETF.net Grade

Pillar letters and Scores for GPIQ, XQQI, with each pillar’s weight
Pillar	GPIQ	XQQI
Cost30% weight	A92Higher	F22
Mission25% weight	A100Higher	A81
Risk15% weight	C52Higher	D27
Tradability15% weight	A73	A82Higher
Holdings10% weight	A85Higher	A78
Durability5% weight	A79Higher	C54

Rank among Nasdaq-100 Option Income funds

How we build Categories ›

Same Category. GPIQ and XQQI 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 XQQI 17th 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 15BSEPQSTF Tactical Growth & Income ETFScore 55
Rank 17CXQQINEOS Boosted Nasdaq-100 High Income ETFScore 53
Rank 18CCAIQCalamos Nasdaq Autocallable Income ETFScore 52

Our read on each fund

ETF.net Research

GPIQAGoldman Sachs Nasdaq-100 Premium Income ETF

XQQICNEOS Boosted Nasdaq-100 High 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.

XQQI Take the NEOS Nasdaq-100 covered-call recipe and turn the exposure dial to roughly 150% of notional. Same index-option income machinery as the plain version, with leverage amplifying both the premium collected and the drawdowns.

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.

XQQI The Fund seeks to boost performance by generating high monthly income in a tax-efficient manner, with potential for enhanced equity appreciation in rising markets.

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.

XQQI Mechanically simple boost: bought index calls plus sold index puts lift long exposure to about 150% of notional, and the NDX call overlay then writes premium on that larger base.neosfunds.com
Distributions are paid monthly, and the NDX index options it writes are Section 1256 contracts taxed at blended 60/40 rates, with opportunistic tax loss harvesting on top.neosfunds.com
The leverage is built from listed index options rather than a swap counterparty, inside a plain 1940 Act ETF wrapper with the usual prospectus and holdings disclosure.neosfunds.com neosfunds.com 2
It leans on an established franchise: NEOS built the boosted suite on the options framework already running in its largest Nasdaq-100, S&P 500 and bitcoin income funds.neosfunds.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.

XQQI At 0.98% a year it costs more than the typical Nasdaq-100 income fund, where the median is 0.68%, also the fee on the unlevered sibling QQQI.
Leverage cuts both ways: roughly 150% exposure magnifies Nasdaq-100 declines, while the sold calls hand back part of a strong rally.neosfunds.com neosfunds.com 2
It launched in 2026, so the record is short, and payouts have been classified as return of capital, which can reduce net asset value over time.neosfunds.com

Full GPIQ profile⁠

Full XQQI profile⁠

GPIQ vs XQQI Holdings

How GPIQ and XQQI differ

Overlap by weight

90.7%

Shared holdings make up 99.6% of XQQI and 97.4% of GPIQ.

Level by level

Holdings95 in both90.7%
Asset classEquity100%
Countryby domicile99.7%

Sector

No Sector split for XQQI.

Country, concentration and asset class

Country by domicile

Country weights in GPIQ and XQQI, widest gap first
Country	More in GPIQMore in XQQI	GPIQ	XQQI
United States	GPIQ +0.2 points	97.4%	97.2%
Canada	Same weight	1.1%	1.1%
Netherlands	XQQI +0.2 points	0.7%	0.9%
Brazil	XQQI +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%
XQQI48.8%

Securities held

GPIQ101
XQQI103

Asset class

GPIQ: Equity
XQQI: Equity

Holdings

Only in GPIQ6
In both95
Only in XQQI8

Only in GPIQ

6 securities, 2.9% of GPIQ by weight

Linde PLC1.06%
Shopify Inc.0.90%
Nxp Semiconductors N.v.0.48%
Thomson Reuters Corporation0.20%
Coca-Cola European Partners PLC0.19%
Ferrovial NV0.09%

Only in XQQI

8 securities, 6.1% of XQQI by weight

Cash & Other2.41%
Linde PLC1.16%
Shopify Inc0.91%
Ndx Us 01/15/27 C305000.72%
NXP Semiconductors NV0.31%
Coca-Cola Europacific Partners PLC0.24%
Thomson Reuters Corp0.19%
Ferrovial NV0.16%

Weight gaps

All 95 Holdings in both funds, largest gap first.

Holding weights in GPIQ and XQQI, widest gap first
Holding	More in GPIQMore in XQQI	GPIQ	XQQI
Space Exploration Technologies Corp.SPCX	GPIQ +1.69 points	2.65%	0.96%
Alphabet Inc.GOOG	XQQI +1.03 points	1.59%	2.62%
Apple Inc.AAPL	XQQI +0.60 points	7.99%	8.59%
NVIDIA CorporationNVDA	XQQI +0.57 points	7.82%	8.39%
Walmart IncWMT	XQQI +0.46 points	2.36%	2.82%
Lam Research CorporationLRCX	XQQI +0.44 points	0.96%	1.40%
American Electric Power IncAEP	GPIQ +0.44 points	0.76%	0.32%
Amazon.com IncAMZN	XQQI +0.37 points	4.05%	4.42%
Analog Devices Inc.ADI	GPIQ +0.37 points	1.32%	0.95%
Microsoft CorporationMSFT	XQQI +0.35 points	6.25%	6.60%
Netflix, Inc.NFLX	XQQI +0.35 points	0.87%	1.22%
Applied Materials IncAMAT	GPIQ +0.33 points	1.79%	1.46%
Alphabet Inc.GOOGL	GPIQ +0.34 points	3.16%	2.82%
Kla CorpKLAC	XQQI +0.32 points	0.65%	0.97%
Tesla Inc.TSLA	XQQI +0.32 points	3.23%	3.55%
Intel CorporationINTC	GPIQ +0.30 points	1.89%	1.59%
Cisco Systems, Inc.CSCO	XQQI +0.30 points	1.67%	1.97%
Teradyne IncTER	GPIQ +0.29 points	0.49%	0.20%
Texas Instruments Inc.TXN	GPIQ +0.27 points	1.56%	1.29%
Lumentum Holdings Inc.LITE	GPIQ +0.26 points	0.53%	0.27%
Micron Technology, Inc.MU	XQQI +0.25 points	4.41%	4.66%
Monolithic Power Systems, Inc.MPWR	GPIQ +0.24 points	0.52%	0.28%
Microchip Technology IncorporatedMCHP	GPIQ +0.23 points	0.44%	0.21%
Comcast CorporationCMCSA	XQQI +0.22 points	0.19%	0.41%
Booking Holdings Inc.BKNG	XQQI +0.18 points	0.39%	0.57%
Monster Beverage CorporationMNST	XQQI +0.17 points	0.28%	0.45%
Marvell Technology, Inc.MRVL	GPIQ +0.16 points	1.01%	0.85%
Xcel Energy Inc.XEL	XQQI +0.15 points	0.09%	0.24%
Asml Holding N.v.-AdrASML	XQQI +0.14 points	0.56%	0.70%
Seagate Technology Holdin PLCSTX	XQQI +0.14 points	0.54%	0.68%
Adobe IncADBE	XQQI +0.13 points	0.37%	0.50%
Exelon CorporationEXC	XQQI +0.14 points	0.05%	0.19%
Baker Hughes CoBKR	XQQI +0.13 points	0.14%	0.27%
Amgen Inc.AMGN	XQQI +0.13 points	1.05%	1.18%
Rocket Lab CorporationRKLB	GPIQ +0.13 points	0.28%	0.15%
Roper Technologies IncROP	GPIQ +0.12 points	0.27%	0.15%
Constellation Energy CorpCEG	XQQI +0.12 points	0.30%	0.42%
Paccar IncPCAR	XQQI +0.12 points	0.14%	0.26%
Strategy IncMSTR	GPIQ +0.10 points	0.25%	0.15%
Regeneron Pharmaceutical IncREGN	XQQI +0.11 points	0.34%	0.45%
Gilead SciencesGILD	XQQI +0.11 points	0.88%	0.99%
Costco Wholesale CorporationCOST	XQQI +0.11 points	2.00%	2.11%
Honeywell International IncHON	XQQI +0.11 points	0.20%	0.31%
Western Digital CorporationWDC	XQQI +0.10 points	0.50%	0.60%
Marriott International, IncMAR	GPIQ +0.10 points	0.56%	0.46%
Arm Holdings Plc-AdrARM	XQQI +0.10 points	0.33%	0.43%
Pdd Holdings Inc-AdrPDD	GPIQ +0.10 points	0.31%	0.21%
Qualcomm IncQCOM	GPIQ +0.10 points	0.94%	0.84%
Advanced Micro Devices Inc.AMD	XQQI +0.10 points	3.74%	3.84%
Fastenal CompanyFAST	GPIQ +0.10 points	0.34%	0.24%
Applovin CorporationAPP	XQQI +0.10 points	0.23%	0.33%
Airbnb Inc.ABNB	GPIQ +0.10 points	0.43%	0.33%
Broadcom Inc.AVGO	GPIQ +0.09 points	2.74%	2.65%
Moderna, Inc.MRNA	GPIQ +0.08 points	0.42%	0.34%
Csx CorporationCSX	XQQI +0.08 points	0.39%	0.47%
Vertex Pharmaceuticals IncorporatedVRTX	XQQI +0.09 points	0.58%	0.67%
Nebius Group NVNBIS	GPIQ +0.08 points	0.24%	0.16%
Doordash IncDASH	XQQI +0.08 points	0.28%	0.36%
Paychex, Inc.PAYX	XQQI +0.07 points	0.08%	0.15%
Autodesk, Inc.ADSK	XQQI +0.07 points	0.15%	0.22%
Coreweave, Inc.CRWV	GPIQ +0.07 points	0.19%	0.12%
Workday, Inc.WDAY	GPIQ +0.06 points	0.20%	0.14%
Take Two Interactive SoftwareTTWO	XQQI +0.06 points	0.08%	0.14%
Dexcom, Inc.DXCM	GPIQ +0.06 points	0.17%	0.11%
Mercadolibre, Inc.MELI	XQQI +0.05 points	0.33%	0.38%
Automatic Data Processing IncADP	GPIQ +0.05 points	0.64%	0.59%
Astera Labs, Inc.ALAB	XQQI +0.06 points	0.14%	0.20%
Old Dominion Freight Line, Inc.ODFL	GPIQ +0.05 points	0.22%	0.17%
Datadog, Inc.DDOG	GPIQ +0.05 points	0.43%	0.38%
Cintas CorporationCTAS	XQQI +0.05 points	0.39%	0.44%
PayPal Holdings, Inc.PYPL	GPIQ +0.05 points	0.28%	0.23%
Intuitive Surgical, Inc.ISRG	XQQI +0.04 points	0.72%	0.76%
Ge Healthcare Technologies Inc.GEHC	GPIQ +0.04 points	0.18%	0.14%
Meta Platforms Inc-Class AMETA	XQQI +0.03 points	3.07%	3.10%
Honeywell Aerospace Inc.HONA	XQQI +0.04 points	0.18%	0.22%
Sandisk CorporationSNDK	XQQI +0.03 points	0.79%	0.82%
Axon Enterprise, Inc.AXON	XQQI +0.03 points	0.11%	0.14%
Mondelez International, Inc.MDLZ	GPIQ +0.02 points	0.43%	0.41%
Copart, Inc.CPRT	GPIQ +0.03 points	0.15%	0.12%
Palantir Technologies Inc.PLTR	GPIQ +0.02 points	2.02%	2.00%
Idexx LaboratoriesIDXX	GPIQ +0.02 points	0.19%	0.17%
O'reilly Automotive, Inc.ORLY	GPIQ +0.02 points	0.38%	0.36%
Alnylam Pharmaceuticals Inc.ALNY	GPIQ +0.02 points	0.11%	0.09%
Ross Stores IncROST	GPIQ +0.02 points	0.38%	0.36%
Diamondback Energy IncFANG	XQQI +0.01 points	0.23%	0.24%
Pepsico, Inc.PEP	GPIQ +0.02 points	0.90%	0.88%
Palo Alto Networks Inc.PANW	XQQI +0.02 points	1.39%	1.41%
Starbucks Corp.SBUX	GPIQ +0.01 points	0.59%	0.58%
T-Mobile Us, Inc.TMUS	XQQI +0.01 points	0.78%	0.79%
Crowdstrike Holdings, Inc.CRWD	GPIQ +0.01 points	1.22%	1.21%
Synopsys Inc.SNPS	GPIQ +0.01 points	0.44%	0.43%
Intuit IncINTU	XQQI +0.01 points	0.39%	0.40%
Keurig Dr Pepper IncKDP	XQQI +0.01 points	0.19%	0.20%
Fortinet, Inc.FTNT	GPIQ +0.01 points	0.50%	0.49%
Cadence Design Systems IncCDNS	Same weight	0.44%	0.44%

All 106 GPIQ holdings⁠All XQQI 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 XQQI Cost

Overpaying XQQI vs GPIQ

$12,410

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

GPIQ 0.29%
$5,952
XQQI 0.98%
$18,362

Amount$10,000

Years30 years

Cost over time

GPIQ 0.29%
XQQI 0.98%
Overpaying

Year by year

Year	GPIQ	XQQI	Overpaying
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%XQQI

GPIQ0.29%XQQI0.98%

0.00%1.20%

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

GPIQ 2nd cheapest of 30 funds

XQQI 23rd cheapest of 30 funds

GPIQ vs XQQI Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GPIQ 10.62%; XQQI No data
Payout (12M): GPIQ $5.77; XQQI No data
Last payment: GPIQ $0.51; XQQI $0.88
Ex-dividend: GPIQ Oct 1, 2026; XQQI Oct 7, 2026
Paid on: GPIQ Oct 7, 2026; XQQI Oct 9, 2026
Frequency: GPIQ Monthly; XQQI Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GPIQMonthly · 35 paymentsAll GPIQ payments⁠

XQQIMonthly · 9 paymentsAll XQQI payments⁠

GPIQ vs XQQI 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%XQQI No data
Return per unit of riskSharpe ratio, 3 years: GPIQ 1.21XQQI No data
Worst fallMax drawdown, 5 years: GPIQ −21.1%since Oct 2023XQQI No data
Market sensitivityBeta, 5 years: GPIQ 1.16XQQI 1.46; Market = 1

GPIQ and XQQI 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

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GPIQ vs XQQI

In short

Stated mandate

Why people hold it