Skip to content
etf.net

GPIQ vs YQQQ

Goldman Sachs Nasdaq-100 Premium Income ETF

GPIQANasdaq

YieldMax Short N100 Option Income Strategy ETF

YQQQFNasdaq

Overlap

0.0%by weight

Expense ratio

GPIQ −0.82pt a year

GPIQ0.29%YQQQ1.11%

Avg volume · 30D

GPIQ 37.0×the volume

GPIQ1.57MYQQQ42.6K

GPIQ vs YQQQ Performance

Oct 31, 2025 – Oct 30, 2026

+11.4%GPIQ+2.9%YQQQ

Oct 31, 2025 to Oct 30, 2026. GPIQ +11.4%. YQQQ +2.9%. Use the arrow keys to read each point.−5%15%20%Oct 2025Apr 2026Oct 2026
Expense ratio
GPIQ 0.29%, better
YQQQ 1.11%
Fund size
GPIQ $6.52B
YQQQ $15M
1Y total return
GPIQ +11.4%, better
YQQQ +2.9%
Yield (12M)
GPIQ 10.62%
YQQQ 28.49%, better
Holdings
GPIQ 102
YQQQ 11
Avg volume (30D)
GPIQ 1.57M sh, better
YQQQ 42.6K sh
NAV per share
GPIQ $56.04
YQQQ $9.81
52W range

ETF.net Grade

GPIQ: Cost 92, Risk 52, Mission 100, Tradability 73, Holdings 85, Durability 79. YQQQ: Cost 10, Risk 26, Mission 56, Tradability 41, Holdings not scored, Durability 42.
Pillar letters and Scores for GPIQ, YQQQ, with each pillar’s weight
PillarGPIQYQQQ
Cost30% weightA92HigherF10
Mission25% weightA100HigherB56
Risk15% weightC52HigherD26
Tradability15% weightA73HigherC41
Holdings10% weightA85Not scored
Durability5% weightA79HigherC42

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 YQQQ 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 YQQQ 29th 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 27DQDTYYieldMax Nasdaq 100 0DTE Covered Call Strategy ETFScore 33
  4. Rank 29FYQQQYieldMax Short N100 Option Income Strategy ETFScore 32
  5. Rank 30FTQQYGraniteShares YieldBOOST QQQ ETFScore 16

Our read on each fund

ETF.net Research

GPIQAGoldman Sachs Nasdaq-100 Premium Income ETF

YQQQFYieldMax Short N100 Option Income Strategy 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.

YQQQ Nearly every Nasdaq-100 income fund is long the index and sells calls. This one faces the other way: short exposure to the index, selling put spreads for weekly cash. Contrarian income, with capped upside.

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.

YQQQ The Fund seeks current income and, secondarily, inverse exposure to the Nasdaq 100 Index, with potential gains limited. It is actively managed and uses a synthetic covered-put/put-spread strategy rather than directly investing in the Index or its constituent companies.

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.
  • YQQQ The rare inverse take in a cohort of long-the-index call sellers. It targets -1x exposure to the Nasdaq-100 while writing put spreads, with no margin account or share borrow needed.yieldmaxetfs.com
  • Income comes from option premium rather than dividends, and the fund declares it weekly rather than quarterly.yieldmaxetfs.com
  • Standard 1940 Act ETF plumbing and active management: a 1099 at tax time, not a K-1, and a manager choosing the strikes rather than a fixed rulebook.yieldmaxetfs.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.
  • YQQQ Fees run 1.11% a year against a 0.68% median for Nasdaq-100 option income funds. Long-side peers such as JEPQ and GPIQ sit at 0.35%.
  • The put spread caps the payoff: a Nasdaq-100 drop helps only up to the spread's limit, and the fund's own documents state gains are limited.yieldmaxetfs.com
  • Payouts have included return of capital, so part of a distribution can be your own money coming back rather than strategy income.yieldmaxetfs.com

Full GPIQ profile⁠

Full YQQQ profile⁠

GPIQ vs YQQQ Holdings

How GPIQ and YQQQ differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of GPIQ and 0.0% of YQQQ.

Level by level

  • Asset classEquity, Alternatives0.0%
  • Holdings0 in both0.0%
  • Countryby domicile97.4%
  • Sector10 Sectors99.4%

Sector

Sector weights in GPIQ and YQQQ, widest gap first
SectorMore in GPIQMore in YQQQ
TechnologyGPIQ +0.6 points
Consumer StaplesYQQQ +0.2 points
UtilitiesYQQQ +0.1 points
Consumer DiscretionaryYQQQ +0.2 points
CommunicationYQQQ +0.1 points
FinancialsSame weight
IndustrialsSame weight
Health CareSame weight
MaterialsSame weight
EnergySame weight

Country, concentration and asset class

Country by domicile

Country weights in GPIQ and YQQQ, widest gap first
CountryMore in GPIQMore in YQQQ
United StatesYQQQ +2.6 points
CanadaGPIQ +1.1 points
NetherlandsGPIQ +0.7 points
Other countries (3)GPIQ +0.8 points

Concentration

Weight in the 10 largest Holdings

  • GPIQ46.4%
  • YQQQ101.9%

Securities held

  • GPIQ101
  • YQQQ10

Asset class

GPIQ
Equity
YQQQ
Alternatives

Holdings

  • Only in GPIQ101
  • In both0
  • Only in YQQQ10

Only in GPIQ

101 securities, 100% of GPIQ by weight

  • Apple Inc.7.99%
  • NVIDIA Corporation7.82%
  • Microsoft Corporation6.25%

Only in YQQQ

10 securities, 99.4% of YQQQ by weight

  • United States Treasury Bill 07/08/202750.67%
  • United States Treasury Note/Bond 2.375% 05/15/202716.06%
  • United States Treasury Note/Bond 3.375% 09/15/202712.42%

Weight gaps

GPIQ and YQQQ share no securities.

All 106 GPIQ holdings⁠All 14 YQQQ 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 YQQQ Cost

Overpaying YQQQ vs GPIQ

$14,497

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

  • GPIQ 0.29%

    $5,952

  • YQQQ 1.11%

    $20,449

$10,000
30 years

Cost over time

  • GPIQ 0.29%
  • YQQQ 1.11%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530YQQQ $20,449GPIQ $5,952

Year by year

YearGPIQYQQQOverpaying
10$527$1,948$1,421
20$2,044$7,285$5,241
30$5,952$20,449$14,497

Expense ratio

  • 0.29%GPIQ, cheaper
  • 1.11%YQQQ
  • Middle half of Nasdaq-100 Option Income funds
  • Median 0.71%

GPIQ 2nd cheapest of 30 funds

YQQQ 27th cheapest of 30 funds

GPIQ vs YQQQ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
GPIQ 10.62%
YQQQ 28.49%, better
Payout (12M)
GPIQ $5.77
YQQQ $2.79
Last payment
GPIQ $0.51
YQQQ $0.04
Ex-dividend
GPIQ Oct 1, 2026
YQQQ Oct 29, 2026
Paid on
GPIQ Oct 7, 2026
YQQQ Oct 30, 2026
Frequency
GPIQ Monthly
YQQQ Weekly

Distribution history

Per share, 2026, same scale for both

GPIQMonthly · 10 paymentsAll GPIQ payments⁠
One bar per payment. 10 payments in 2026 YTD. 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$0.502026YTD
YQQQWeekly · 44 paymentsAll YQQQ payments⁠
One bar per payment. 44 payments in 2026 YTD. Jan 2, 2026 $0.04; Jan 8, 2026 $0.05; Jan 15, 2026 $0.04; Jan 22, 2026 $0.04; Jan 29, 2026 $0.04; Feb 5, 2026 $0.04; Feb 12, 2026 $0.06; Feb 19, 2026 $0.07; Feb 26, 2026 $0.06; Mar 5, 2026 $0.07; Mar 12, 2026 $0.07; Mar 19, 2026 $0.07; Mar 26, 2026 $0.09; Apr 2, 2026 $0.11; Apr 9, 2026 $0.08; Apr 16, 2026 $0.06; Apr 23, 2026 $0.06; Apr 30, 2026 $0.05; May 7, 2026 $0.05; May 14, 2026 $0.04; May 21, 2026 $0.04; May 28, 2026 $0.04; Jun 4, 2026 $0.04; Jun 11, 2026 $0.04; Jun 18, 2026 $0.04; Jun 25, 2026 $0.05; Jul 2, 2026 $0.05; Jul 9, 2026 $0.05; Jul 16, 2026 $0.05; Jul 23, 2026 $0.07; Jul 30, 2026 $0.07; Aug 6, 2026 $0.06; Aug 13, 2026 $0.04; Aug 20, 2026 $0.04; Aug 27, 2026 $0.04; Sep 3, 2026 $0.04; Sep 10, 2026 $0.04; Sep 17, 2026 $0.04; Sep 24, 2026 $0.04; Oct 1, 2026 $0.04; Oct 8, 2026 $0.03; Oct 15, 2026 $0.04; Oct 22, 2026 $0.03; Oct 29, 2026 $0.04. Use the arrow keys to read each point.$0$0.502026YTD

GPIQ vs YQQQ 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%YQQQ 15.7%since Sep 2024
Return per unit of riskSharpe ratio, 3 years
GPIQ 1.21YQQQ −0.66since Sep 2024
Worst fallMax drawdown, 5 years
GPIQ −21.1%since Oct 2023YQQQ −29.2%since Aug 2024
Market sensitivityBeta, 5 years
GPIQ 1.16YQQQ −1.03

GPIQ and YQQQ in the news

All news⁠

Popular comparisons

  • GPIQAvsQQAA

    Goldman Sachs Nasdaq-100 Premium Income ETF · Invesco QQQ Income Advantage ETF

    Expense ratio
    0.29% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • YQQQFvsQQAA

    YieldMax Short N100 Option Income Strategy ETF · Invesco QQQ Income Advantage ETF

    Expense ratio
    1.11% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • GPIQAvsJEPQA

    Goldman Sachs Nasdaq-100 Premium Income ETF · JPMorgan Nasdaq Equity Premium Income ETF

    Expense ratio
    0.29% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • YQQQFvsJEPQA

    YieldMax Short N100 Option Income Strategy ETF · JPMorgan Nasdaq Equity Premium Income ETF

    Expense ratio
    1.11% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • GPIQAvsQYLDA

    Goldman Sachs Nasdaq-100 Premium Income ETF · Global X Nasdaq 100 Covered Call ETF

    Expense ratio
    0.29% · 0.60%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • YQQQFvsQYLDA

    YieldMax Short N100 Option Income Strategy ETF · Global X Nasdaq 100 Covered Call ETF

    Expense ratio
    1.11% · 0.60%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.