Dividend comparison
GPIQ vs QQQ: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Goldman Sachs Nasdaq-100 Premium Income ETF and Invesco QQQ Trust, Series 1, side by side. Updated October 21, 2026.
- Fees. QQQ is cheaper at 0.18% a year versus 0.35% for GPIQ. On $10,000 that is $17 a year less in fees.
- Income. GPIQ pays more income, yielding 10.27% over the last twelve months versus 0.53% for QQQ. That is about $974 more a year on $10,000. GPIQ pays monthly, QQQ pays annual.
- Performance. Over the last 3 years, GPIQ returned 599.0% versus 105.6% for QQQ, with dividends reinvested. $10,000 would have grown to $69,900 in GPIQ and $20,561 in QQQ.
- Risk. GPIQ has been the bumpier ride. Its worst peak-to-trough decline over the last 3 years was -100.0%, against -35.1% for QQQ.
- Diversification. GPIQ holds 107 positions and QQQ holds 102. The ten largest positions make up 47.9% of GPIQ and 47.2% of QQQ.
- Overlap. 94% of the two portfolios overlap by weight, across 89 shared holdings. Owning both adds little diversification.
- Size. QQQ is the larger fund with $487.5 billion in assets, against $6.4 billion for GPIQ.
Bottom line: GPIQ fits better if you care most about more income today and stronger 3-year returns. QQQ fits better if you care most about lower fees and smaller drawdowns. With 94% overlap, most investors would hold one or the other rather than both.
| Metric | GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF | QQQ Invesco QQQ Trust, Series 1 |
|---|---|---|
| Dividend yield (TTM) | 10.27% | 0.53% |
| Dividend / share (TTM) | $5.77 | $3.79 |
| Payout frequency | Monthly | Annual |
| Last dividend | $0.5088 on Oct 7, 2026 | $0.7514 on Oct 8, 2026 |
| Ex-dividend date | Oct 1, 2026 | Dec 21, 2026 |
| Next payment | — | $0.7941 on Dec 28, 2026 |
| Dividend growth (CAGR) | — | 13.3% over 4 yrs |
| Price | $56.13 | $717.63 |
| Dividend growth streak | 1 year | — |
| Beta | 1.16 | 1.23 |
| Max drawdown (5Y) | -100.0% | -35.1% |
| Market cap | $1.19B | $479.05B |
| Exchange | NASDAQ | NASDAQ |
| Expense ratio | 0.35% | 0.18% |
| Assets under management | $6.37B | $487.46B |
| Number of holdings | 107 | 102 |
| Top 10 concentration | 47.9% | 47.2% |
GPIQ
$85.60/mo
$1027 /yr at 10.27% yield
QQQ
$4.40/mo
$53 /yr at 0.53% yield
| Year | GPIQ | QQQ |
|---|---|---|
| 2025 | $5.1860 | $2.7949 |
| 2024 | $4.8875 | $3.0623 |
| 2023 | — | $2.3200 |
| 2022 | — | $2.1351 |
| 2021 | — | $1.6968 |
Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.
What GPIQ vs QQQ actually do
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
The index is modified market-cap weighted and excludes financials by rule, which is why it lands so heavily in technology, communication services and consumer discretionary names. In December 2025 the fund converted from a unit investment trust to a conventional open-end fund and cut its fee, so it can now reinvest income and lend securities like its peers. It remains the most liquid Nasdaq-100 vehicle by a wide margin and the reference asset for a large share of the options-income products in this category.
Suits investors who want concentrated large-cap growth exposure and anyone who needs deep options liquidity. Dividends are incidental, so it does not answer an income mandate on its own.
Growth-tilted core, concentrated
| Period | GPIQ | QQQ |
|---|---|---|
| 1 month | -1.32% | -0.43% |
| 3 months | 0.27% | 3.10% |
| Year to date | 7.10% | 17.09% |
| 1 year | 7.94% | 17.78% |
| 3 years | 599.00% | 105.61% |
| 5 years | — | 96.98% |
- GPIQ
- QQQ
Both series indexed to 100 on 2023-10-19 using the adjusted closing price series. Past performance does not guarantee future results.
- GPIQ
- QQQ
| Largest shared holdings | GPIQ weight | QQQ weight |
|---|---|---|
| NVDANVIDIA CORPORATION | 8.20% | 8.17% |
| AAPLAPPLE INC. | 7.84% | 7.82% |
| MSFTMICROSOFT CORPORATION | 6.23% | 6.19% |
| MUMICRON TECHNOLOGY, INC. | 4.42% | 4.41% |
| AMZNAMAZON.COM INC | 4.36% | 4.42% |
| AMDADVANCED MICRO DEVICES INC. | 3.82% | 3.79% |
| METAMETA PLATFORMS INC-CLASS A | 3.34% | 3.28% |
| GOOGLALPHABET INC. | 3.96% | 3.15% |
| TSLATESLA INC. | 2.95% | 3.02% |
| SPCXSPACE EXPLORATION TECHNOLOGIES CORP. | 2.74% | 2.74% |
GPIQ107 holdings total
Quick verdict
GPIQ fits better if you care most about more income today and stronger 3-year returns. QQQ fits better if you care most about lower fees and smaller drawdowns. With 94% overlap, most investors would hold one or the other rather than both. Model the holding inside your real portfolio before deciding.
Frequently asked questions
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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.