Dividend comparison

GPIQ vs ROCQ: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Goldman Sachs Nasdaq-100 Premium Income ETF and JPMorgan Nasdaq Equity Premium Yield ETF, side by side. Updated October 21, 2026.

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GPIQ vs ROCQ: key differences
The short answer, from the latest data on this page.
  • Fees. Both charge about 0.35% a year, so cost is not what separates them.
  • Income. GPIQ pays more income, yielding 10.27% over the last twelve months versus 6.22% for ROCQ. That is about $405 more a year on $10,000. GPIQ pays monthly, ROCQ pays quarterly.
  • Risk. GPIQ has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -100.0%, against -8.9% for ROCQ.
  • Diversification. GPIQ holds 107 positions and ROCQ holds 97. The ten largest positions make up 47.9% of GPIQ and 54.6% of ROCQ.
  • Overlap. 65% of the two portfolios overlap by weight, across 37 shared holdings.
  • Size. GPIQ is the larger fund with $6.4 billion in assets, against $745 million for ROCQ.

Bottom line: GPIQ fits better if you care most about more income today. ROCQ 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
ROCQ
JPMorgan Nasdaq Equity Premium Yield ETF
Dividend yield (TTM)10.27%6.22%
Dividend / share (TTM)$5.77$3.38
Payout frequencyMonthlyQuarterly
Last dividend$0.5088 on Oct 7, 2026$0.4912 on Oct 5, 2026
Ex-dividend dateOct 1, 2026Oct 1, 2026
Price$56.13$54.35
Dividend growth streak1 year—
Beta1.161.22
Max drawdown (5Y)-100.0%-8.9%
Market cap$1.19B$103.9M
ExchangeNASDAQNASDAQ
Expense ratio0.35%0.35%
Assets under management$6.37B$745.4M
Number of holdings10797
Top 10 concentration47.9%54.6%
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

ROCQ

$51.83/mo

$622 /yr at 6.22% yield

Dividend history
Total dividends paid per share in each calendar year. GPIQ pays monthly; ROCQ pays quarterly.
YearGPIQROCQ
2025$5.1860—
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 ROCQ 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 Apr 21, 2026 would now be worth $10,453 in GPIQ and $10,214 in ROCQ.
PeriodGPIQROCQ
1 month-1.32%-2.88%
3 months0.27%-1.04%
Year to date7.10%—
1 year7.94%—
3 years599.00%—
5 years——
  • GPIQ
  • ROCQ
981051122026105102

Both series indexed to 100 on 2026-04-21 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
  • ROCQ
0%15%30%46%61%Technology60.7%Communication Services12.6%Consumer Cyclical9.9%Consumer Defensive5.5%Industrials5.1%Healthcare3.8%Basic Materials0.9%Utilities0.9%Cash & Others0.5%Energy0.5%Other0.2%
GPIQ vs ROCQ holdings overlap
65% overlap by weight, with 37 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 weightROCQ weight
NVDANVIDIA CORPORATION8.20%8.95%
AAPLAPPLE INC.7.84%8.15%
MSFTMICROSOFT CORPORATION6.23%7.08%
MUMICRON TECHNOLOGY, INC.4.42%5.17%
AMZNAMAZON.COM INC4.36%4.94%
AMDADVANCED MICRO DEVICES INC.3.82%4.34%
METAMETA PLATFORMS INC-CLASS A3.34%3.64%
TSLATESLA INC.2.95%2.63%
AVGOBROADCOM INC.2.53%2.59%
WMTWALMART INC2.15%3.67%
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%

ROCQ97 holdings total

NameWeight
NVDANVIDIA CORP COMMON STOCK8.95%
AAPLAPPLE INC COMMON STOCK8.15%
MSFTMICROSOFT CORP COMMON7.08%
GOOGALPHABET INC-CL C -5.96%
MUMICRON TECHNOLOGY INC5.17%
AMZNAMAZON.COM INC COMMON4.94%
AMDADVANCED MICRO DEVICES4.34%
WMTWALMART INC COMMON STOCK3.67%
METAMETA PLATFORMS INC3.64%
LRCXLAM RESEARCH CORP COMMON2.65%

Quick verdict

GPIQ fits better if you care most about more income today. ROCQ 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 ROCQ better for dividend income?
It depends on your goals. GPIQ currently yields 10.27% Trailing Twelve Months (TTM) while ROCQ yields 6.22%. 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 ROCQ?
Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) is an ETF listed on NASDAQ. JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, GPIQ or ROCQ?
They cost about the same: GPIQ charges 0.35% a year and ROCQ charges 0.35%.
Which is riskier, GPIQ or ROCQ?
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 ROCQ as much as 8.9%. Their betas are 1.16 and 1.22.
How much do GPIQ and ROCQ overlap?
About 65% of the two portfolios overlap by weight, across 37 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do GPIQ and ROCQ pay dividends?
GPIQ pays monthly and ROCQ pays quarterly.
How much income does $10,000 in GPIQ vs ROCQ generate?
At current TTM yields, $10,000 in GPIQ would generate roughly $85.60 per month ($1027 annually). The same amount in ROCQ would produce about $51.83 per month ($622 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both GPIQ and ROCQ?
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 ROCQ with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how GPIQ and ROCQ 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.