Dividend comparison

GPIQ vs QDVO: 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 Growth & Income ETF, side by side. Updated October 21, 2026.

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GPIQ vs QDVO: 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 QDVO. On $10,000 that is $21 a year less in fees.
  • Income. QDVO pays more income, yielding 10.69% over the last twelve months versus 10.27% for GPIQ. That is about $42 more a year on $10,000. Both pay monthly.
  • Performance. Over the last 1 year, GPIQ returned 7.9% versus 2.1% for QDVO, with dividends reinvested. $10,000 would have grown to $10,794 in GPIQ and $10,208 in QDVO.
  • Risk. GPIQ has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -100.0%, against -17.7% for QDVO.
  • Diversification. GPIQ holds 107 positions and QDVO holds 45. The ten largest positions make up 47.9% of GPIQ and 58.0% of QDVO.
  • Overlap. 62% of the two portfolios overlap by weight, across 25 shared holdings.
  • Size. GPIQ is the larger fund with $6.4 billion in assets, against $763 million for QDVO.

Bottom line: GPIQ fits better if you care most about lower fees, stronger 1-year returns and broader diversification. QDVO fits better if you care most about more income today and 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
QDVO
Amplify CWP Growth & Income ETF
Dividend yield (TTM)10.27%10.69%
Dividend / share (TTM)$5.77$3.15
Payout frequencyMonthlyMonthly
Last dividend$0.5088 on Oct 7, 2026$0.2787 on Sep 30, 2026
Ex-dividend dateOct 1, 2026Sep 29, 2026
Price$56.13$29.46
Dividend growth streak1 year—
Beta1.161.02
Max drawdown (5Y)-100.0%-17.7%
Market cap$1.19B$767.2M
ExchangeNASDAQAMEX
Expense ratio0.35%0.56%
Assets under management$6.37B$763.0M
Number of holdings10745
Top 10 concentration47.9%58.0%
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

QDVO

$89.08/mo

$1069 /yr at 10.69% yield

Dividend history
Total dividends paid per share in each calendar year. GPIQ pays monthly; QDVO pays monthly.
YearGPIQQDVO
2025$5.1860$2.8784
2024$4.8875—
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 QDVO 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

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Aug 22, 2024 would now be worth $13,818 in GPIQ and $13,520 in QDVO.
PeriodGPIQQDVO
1 month-1.32%-1.41%
3 months0.27%-0.07%
Year to date7.10%1.52%
1 year7.94%2.08%
3 years599.00%—
5 years——
  • GPIQ
  • QDVO
88119151202420252026138135

Both series indexed to 100 on 2024-08-22 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
  • QDVO
0%15%30%46%61%Technology60.7%49.2%Communication Services12.6%13.5%Consumer Cyclical9.9%10.3%Consumer Defensive5.5%7.0%Healthcare3.8%8.0%Industrials5.1%3.4%Financial Services0.1%7.9%Basic Materials0.9%1.4%Utilities0.9%0.5%Energy0.5%0.3%Other0.6%
GPIQ vs QDVO holdings overlap
62% overlap by weight, with 25 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Largest shared holdingsGPIQ weightQDVO weight
NVDANVIDIA CORPORATION8.20%10.25%
AAPLAPPLE INC.7.84%9.59%
MSFTMICROSOFT CORPORATION6.23%6.61%
AMZNAMAZON.COM INC4.36%5.24%
GOOGLALPHABET INC.3.96%8.39%
MUMICRON TECHNOLOGY, INC.4.42%3.71%
METAMETA PLATFORMS INC-CLASS A3.34%3.95%
AMDADVANCED MICRO DEVICES INC.3.82%3.29%
TSLATESLA INC.2.95%3.05%
AVGOBROADCOM INC.2.53%3.26%
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%

QDVO45 holdings total

NameWeight
NVDANVIDIA Corp10.25%
AAPLApple Inc9.59%
GOOGLAlphabet Inc8.39%
MSFTMicrosoft Corp6.61%
AMZNAmazon.com Inc5.24%
METAMeta Platforms Inc3.95%
LLYEli Lilly & Co3.73%
MUMicron Technology Inc3.71%
AMDAdvanced Micro Devices Inc3.29%
AVGOBroadcom Inc3.26%

Quick verdict

GPIQ fits better if you care most about lower fees, stronger 1-year returns and broader diversification. QDVO fits better if you care most about more income today and smaller drawdowns. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is GPIQ or QDVO better for dividend income?
It depends on your goals. GPIQ currently yields 10.27% Trailing Twelve Months (TTM) while QDVO yields 10.69%. 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 QDVO?
Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) is an ETF listed on NASDAQ. Amplify CWP Growth & Income ETF (QDVO) 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 QDVO?
GPIQ has the lower expense ratio. GPIQ charges 0.35% a year and QDVO charges 0.56%, a difference of $21 a year on a $10,000 investment.
Which has performed better, GPIQ or QDVO?
Over the last 1 year, GPIQ has the higher total return with dividends reinvested: GPIQ returned 7.9% and QDVO returned 2.1%. Past performance does not predict future returns.
Which is riskier, GPIQ or QDVO?
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 QDVO as much as 17.7%. Their betas are 1.16 and 1.02.
How much do GPIQ and QDVO overlap?
About 62% of the two portfolios overlap by weight, across 25 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do GPIQ and QDVO pay dividends?
Both pay monthly. The most recent payments were $0.5088 for GPIQ and $0.2787 for QDVO.
How much income does $10,000 in GPIQ vs QDVO generate?
At current TTM yields, $10,000 in GPIQ would generate roughly $85.60 per month ($1027 annually). The same amount in QDVO would produce about $89.08 per month ($1069 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both GPIQ and QDVO?
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 QDVO with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how GPIQ and QDVO 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.