Dividend comparison

GPIQ vs ROCY: 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 Equity Premium Yield ETF, side by side. Updated October 21, 2026.

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GPIQ vs ROCY: 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 3.85% for ROCY. That is about $643 more a year on $10,000. GPIQ pays monthly, ROCY pays quarterly.
  • Risk. GPIQ has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -100.0%, against -3.5% for ROCY.
  • Diversification. ROCY holds 114 positions and GPIQ holds 107. The ten largest positions make up 47.9% of GPIQ and 42.8% of ROCY.
  • Overlap. 47% of the two portfolios overlap by weight, across 28 shared holdings.
  • Size. GPIQ is the larger fund with $6.4 billion in assets, against $836 million for ROCY.

Bottom line: GPIQ fits better if you care most about more income today. ROCY 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
ROCY
JPMorgan Equity Premium Yield ETF
Dividend yield (TTM)10.27%3.85%
Dividend / share (TTM)$5.77$2.12
Payout frequencyMonthlyQuarterly
Last dividend$0.5088 on Oct 7, 2026$0.3054 on Oct 5, 2026
Ex-dividend dateOct 1, 2026Oct 1, 2026
Price$56.13$55.15
Dividend growth streak1 year—
Beta1.160.69
Max drawdown (5Y)-100.0%-3.5%
Market cap$1.19B$109.1M
ExchangeNASDAQNASDAQ
Expense ratio0.35%0.35%
Assets under management$6.37B$835.9M
Number of holdings107114
Top 10 concentration47.9%42.8%
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

ROCY

$32.05/mo

$385 /yr at 3.85% yield

Dividend history
Total dividends paid per share in each calendar year. GPIQ pays monthly; ROCY pays quarterly.
YearGPIQROCY
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 ROCY 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 $10,499 in ROCY.
PeriodGPIQROCY
1 month-1.32%0.60%
3 months0.27%1.81%
Year to date7.10%—
1 year7.94%—
3 years599.00%—
5 years——
  • GPIQ
  • ROCY
991051122026105105

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
  • ROCY
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 ROCY holdings overlap
47% overlap by weight, with 28 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 weightROCY weight
NVDANVIDIA CORPORATION8.20%8.46%
AAPLAPPLE INC.7.84%7.54%
MSFTMICROSOFT CORPORATION6.23%6.68%
AMZNAMAZON.COM INC4.36%4.11%
GOOGLALPHABET INC.3.96%4.80%
METAMETA PLATFORMS INC-CLASS A3.34%2.89%
MUMICRON TECHNOLOGY, INC.4.42%2.16%
AVGOBROADCOM INC.2.53%2.14%
AMDADVANCED MICRO DEVICES INC.3.82%1.45%
TSLATESLA INC.2.95%1.23%
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%

ROCY114 holdings total

NameWeight
NVDANVIDIA CORP COMMON STOCK8.46%
AAPLAPPLE INC COMMON STOCK7.54%
MSFTMICROSOFT CORP COMMON6.68%
GOOGLALPHABET INC-CL A -4.80%
AMZNAMAZON.COM INC COMMON4.11%
METAMETA PLATFORMS INC2.89%
MUMICRON TECHNOLOGY INC2.16%
AVGOBROADCOM INC COMMON2.14%
XOMEXXONMOBIL HOLDINGS CORP2.02%
WFCWELLS FARGO & CO COMMON1.97%

Quick verdict

GPIQ fits better if you care most about more income today. ROCY 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 ROCY better for dividend income?
It depends on your goals. GPIQ currently yields 10.27% Trailing Twelve Months (TTM) while ROCY yields 3.85%. 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 ROCY?
Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) is an ETF listed on NASDAQ. JPMorgan Equity Premium Yield ETF (ROCY) 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 ROCY?
They cost about the same: GPIQ charges 0.35% a year and ROCY charges 0.35%.
Which is riskier, GPIQ or ROCY?
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 ROCY as much as 3.5%. Their betas are 1.16 and 0.69.
How much do GPIQ and ROCY overlap?
About 47% of the two portfolios overlap by weight, across 28 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do GPIQ and ROCY pay dividends?
GPIQ pays monthly and ROCY pays quarterly.
How much income does $10,000 in GPIQ vs ROCY generate?
At current TTM yields, $10,000 in GPIQ would generate roughly $85.60 per month ($1027 annually). The same amount in ROCY would produce about $32.05 per month ($385 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both GPIQ and ROCY?
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 ROCY with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how GPIQ and ROCY 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.