Dividend comparison

GPIQ vs DIVO: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Goldman Sachs Nasdaq-100 Premium Income ETF and Amplify CWP Enhanced Dividend Income ETF, side by side. Updated October 21, 2026.

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GPIQ vs DIVO: key differences
The short answer, from the latest data on this page.
  • Fees. GPIQ is cheaper at 0.35% a year versus 0.56% for DIVO. On $10,000 that is $21 a year less in fees.
  • Income. GPIQ pays more income, yielding 10.27% over the last twelve months versus 6.28% for DIVO. That is about $399 more a year on $10,000. GPIQ pays monthly, DIVO pays quarterly.
  • Performance. Over the last 3 years, GPIQ returned 599.0% versus 54.5% for DIVO, with dividends reinvested. $10,000 would have grown to $69,900 in GPIQ and $15,445 in DIVO.
  • Risk. GPIQ has been the bumpier ride. Its worst peak-to-trough decline over the last 3 years was -100.0%, against -13.7% for DIVO.
  • Diversification. GPIQ holds 107 positions and DIVO holds 30.

Bottom line: GPIQ fits better if you care most about lower fees, more income today, stronger 3-year returns and broader diversification. DIVO fits better if you care most about smaller drawdowns.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricGPIQ
Goldman Sachs Nasdaq-100 Premium Income ETF
DIVO
Amplify CWP Enhanced Dividend Income ETF
Dividend yield (TTM)10.27%6.28%
Dividend / share (TTM)$5.77$3.02
Payout frequencyMonthlyQuarterly
Last dividend$0.5088 on Oct 7, 2026$0.1890 on Sep 30, 2026
Ex-dividend dateOct 1, 2026Sep 29, 2026
Dividend growth (CAGR)—11.9% over 4 yrs
Price$56.13$48.02
Dividend growth streak1 year3 years
Beta1.160.56
Max drawdown (5Y)-100.0%-13.7%
Market cap$1.19B$8.01B
ExchangeNASDAQAMEX
Expense ratio0.35%0.56%
Assets under management$6.37B$7.99B
Number of holdings10730
Top 10 concentration47.9%—
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

GPIQ

$85.60/mo

$1027 /yr at 10.27% yield

DIVO

$52.35/mo

$628 /yr at 6.28% yield

Dividend history
Total dividends paid per share in each calendar year. GPIQ pays monthly; DIVO pays quarterly.
YearGPIQDIVO
2025$5.1860$2.8660
2024$4.8875$1.9013
2023—$1.7085
2022—$1.7074
2021—$1.8280
Strategy: Options income
These funds own equities and sell call options against them, converting a share of future price appreciation into cash paid out now. How much upside is surrendered depends on the design: writing at the money on the whole portfolio pays the most and keeps the least, while writing on a partial slice or using purchased offsets keeps more of a rally. Distributions come mainly from option premium rather than from company dividends, so the headline yield is not comparable to a dividend fund's.

Payouts are variable rather than contractual, are often taxed as ordinary income, and a fund that pays out more than the strategy earns will see its net asset value drift down over time.

What GPIQ vs DIVO actually do

GPIQ
Goldman Sachs's actively managed Nasdaq-100 income ETF, pairing the index with a variable call overlay.

Rather than overwriting the whole portfolio every month, the manager sells calls against roughly 25% to 75% of the equity exposure and adjusts that share with market conditions. Leaving part of the book uncovered is the deliberate design choice: it produces a smaller distribution than a full overwrite but keeps more of a rally. Fees sit well below most options-income peers, which matters over time in a category where the overlay already caps returns.

Suits an investor who wants Nasdaq-100 income but is not willing to give up the whole upside to get the highest headline yield. Less suitable for someone comparing purely on distribution rate, since a partial overwrite by design pays less than a full one.

Balanced income and growth

DIVO
An actively managed ETF holding a concentrated set of blue-chip dividend payers with calls written selectively on individual positions.

The manager runs a hand-picked book of roughly 20 to 30 large-cap dividend stocks rather than tracking an index. Instead of keeping every position covered, calls are written tactically on single names, typically when a holding has run up or its implied volatility is elevated. That preserves far more upside than a blanket index overwrite, but it makes option income lumpy and puts the outcome on manager judgment rather than a published rule.

Suits an investor who wants dividend income lifted by option premium without surrendering most of the appreciation. Less suitable for anyone who wants a fully rules-based product, the lowest fee, or the highest available distribution rate.

Moderate income with growth

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 19, 2023 would now be worth $69,900 in GPIQ and $15,308 in DIVO.
PeriodGPIQDIVO
1 month-1.32%1.37%
3 months0.27%3.58%
Year to date7.10%7.91%
1 year7.94%8.28%
3 years599.00%54.45%
5 years—59.59%
  • GPIQ
  • DIVO
464187912023202420252026699153

Both series indexed to 100 on 2023-10-19 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • GPIQ
  • DIVO
0%15%30%46%61%Technology60.7%17.9%Financial Services0.1%24.1%Industrials5.1%12.7%Communication Services12.6%4.7%Consumer Cyclical9.9%6.9%Healthcare3.8%12.1%Consumer Defensive5.5%6.3%Energy0.5%7.4%Basic Materials0.9%5.8%Utilities0.9%2.0%Other0.6%0.0%
Top 10 holdings
Largest positions by portfolio weight.

GPIQ107 holdings total

NameWeight
NVDANVIDIA CORPORATION8.20%
AAPLAPPLE INC.7.84%
MSFTMICROSOFT CORPORATION6.23%
MUMICRON TECHNOLOGY, INC.4.42%
AMZNAMAZON.COM INC4.36%
GOOGLALPHABET INC.3.96%
AMDADVANCED MICRO DEVICES INC.3.82%
METAMETA PLATFORMS INC-CLASS A3.34%
TSLATESLA INC.2.95%
SPCXSPACE EXPLORATION TECHNOLOGIES CORP.2.74%

Quick verdict

GPIQ fits better if you care most about lower fees, more income today, stronger 3-year returns and broader diversification. DIVO fits better if you care most about smaller drawdowns. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is GPIQ or DIVO better for dividend income?
It depends on your goals. GPIQ currently yields 10.27% Trailing Twelve Months (TTM) while DIVO yields 6.28%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between GPIQ and DIVO?
Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) is an ETF listed on NASDAQ. Amplify CWP Enhanced Dividend Income ETF (DIVO) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, GPIQ or DIVO?
GPIQ has the lower expense ratio. GPIQ charges 0.35% a year and DIVO charges 0.56%, a difference of $21 a year on a $10,000 investment.
Which has performed better, GPIQ or DIVO?
Over the last 3 years, GPIQ has the higher total return with dividends reinvested: GPIQ returned 599.0% and DIVO returned 54.5%. Past performance does not predict future returns.
Which is riskier, GPIQ or DIVO?
Measured by the worst peak-to-trough decline over the last five years, GPIQ has been riskier: GPIQ fell as much as 100.0% and DIVO as much as 13.7%. Their betas are 1.16 and 0.56.
How often do GPIQ and DIVO pay dividends?
GPIQ pays monthly and DIVO pays quarterly.
How much income does $10,000 in GPIQ vs DIVO generate?
At current TTM yields, $10,000 in GPIQ would generate roughly $85.60 per month ($1027 annually). The same amount in DIVO would produce about $52.35 per month ($628 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both GPIQ and DIVO?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare GPIQ vs DIVO with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how GPIQ and DIVO fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.