Dividend comparison

GPIQ vs TDAQ: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Goldman Sachs Nasdaq-100 Premium Income ETF and TappAlpha Innovation 100 Growth & Daily Income ETF, side by side. Updated October 21, 2026.

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GPIQ vs TDAQ: key differences
The short answer, from the latest data on this page.
  • Fees. GPIQ is cheaper at 0.35% a year versus 0.68% for TDAQ. On $10,000 that is $33 a year less in fees.
  • Income. TDAQ pays more income, yielding 17.25% over the last twelve months versus 10.27% for GPIQ. That is about $698 more a year on $10,000. Both pay monthly.
  • Performance. Over the last 1 year, GPIQ returned 7.9% versus 0.5% for TDAQ, with dividends reinvested. $10,000 would have grown to $10,794 in GPIQ and $10,050 in TDAQ.
  • Risk. GPIQ has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -100.0%, against -16.0% for TDAQ.
  • Diversification. GPIQ holds 107 positions and TDAQ holds 104. The ten largest positions make up 47.9% of GPIQ and 143.6% of TDAQ.
  • Overlap. 93% of the two portfolios overlap by weight, across 89 shared holdings. Owning both adds little diversification.
  • Size. GPIQ is the larger fund with $6.4 billion in assets, against $452 million for TDAQ.

Bottom line: GPIQ fits better if you care most about lower fees and stronger 1-year returns. TDAQ fits better if you care most about more income today and smaller drawdowns. With 93% overlap, most investors would hold one or the other rather than both.

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
TDAQ
TappAlpha Innovation 100 Growth & Daily Income ETF
Dividend yield (TTM)10.27%17.25%
Dividend / share (TTM)$5.77$4.50
Payout frequencyMonthlyMonthly
Last dividend$0.5088 on Oct 7, 2026$0.3825 on Oct 21, 2026
Ex-dividend dateOct 1, 2026Sep 15, 2026
Price$56.13$26.11
Dividend growth streak1 year—
Beta1.161.41
Max drawdown (5Y)-100.0%-16.0%
Market cap$1.19B$10.3M
ExchangeNASDAQCBOE
Expense ratio0.35%0.68%
Assets under management$6.37B$452.3M
Number of holdings107104
Top 10 concentration47.9%143.6%
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

TDAQ

$143.77/mo

$1725 /yr at 17.25% yield

Dividend history
Total dividends paid per share in each calendar year. GPIQ pays monthly; TDAQ pays monthly.
YearGPIQTDAQ
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 TDAQ 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 Sep 4, 2025 would now be worth $11,378 in GPIQ and $10,754 in TDAQ.
PeriodGPIQTDAQ
1 month-1.32%-2.50%
3 months0.27%-1.21%
Year to date7.10%0.15%
1 year7.94%0.50%
3 years599.00%—
5 years——
  • GPIQ
  • TDAQ
9210712320252026114108

Both series indexed to 100 on 2025-09-04 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
  • TDAQ
0%15%30%46%61%Technology60.7%60.1%Communication Services12.6%12.7%Consumer Cyclical9.9%10.1%Consumer Defensive5.5%5.7%Industrials5.1%5.1%Healthcare3.8%3.8%Utilities0.9%1.0%Basic Materials0.9%0.9%Energy0.5%0.5%Cash & Others0.5%0.0%Other0.2%0.3%
GPIQ vs TDAQ holdings overlap
93% overlap by weight, with 89 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 weightTDAQ weight
NVDANVIDIA CORPORATION8.20%8.13%
AAPLAPPLE INC.7.84%7.90%
MSFTMICROSOFT CORPORATION6.23%6.19%
MUMICRON TECHNOLOGY, INC.4.42%4.32%
AMZNAMAZON.COM INC4.36%4.24%
AMDADVANCED MICRO DEVICES INC.3.82%3.75%
METAMETA PLATFORMS INC-CLASS A3.34%3.32%
GOOGLALPHABET INC.3.96%3.15%
TSLATESLA INC.2.95%2.93%
SPCXSPACE EXPLORATION TECHNOLOGIES CORP.2.74%2.73%
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%

TDAQ104 holdings total

NameWeight
QQQMInvesco Nasdaq 100 ETF99.66%
NVDANVIDIA Corp8.13%
AAPLApple Inc7.90%
MSFTMicrosoft Corp6.19%
MUMicron Technology Inc4.32%
AMZNAmazon.com Inc4.24%
AMDAdvanced Micro Devices Inc3.75%
METAMeta Platforms Inc3.32%
GOOGLAlphabet Inc3.15%
GOOGAlphabet Inc2.94%

Quick verdict

GPIQ fits better if you care most about lower fees and stronger 1-year returns. TDAQ fits better if you care most about more income today and smaller drawdowns. With 93% overlap, most investors would hold one or the other rather than both. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is GPIQ or TDAQ better for dividend income?
It depends on your goals. GPIQ currently yields 10.27% Trailing Twelve Months (TTM) while TDAQ yields 17.25%. 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 TDAQ?
Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) is an ETF listed on NASDAQ. TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) is an ETF listed on CBOE. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, GPIQ or TDAQ?
GPIQ has the lower expense ratio. GPIQ charges 0.35% a year and TDAQ charges 0.68%, a difference of $33 a year on a $10,000 investment.
Which has performed better, GPIQ or TDAQ?
Over the last 1 year, GPIQ has the higher total return with dividends reinvested: GPIQ returned 7.9% and TDAQ returned 0.5%. Past performance does not predict future returns.
Which is riskier, GPIQ or TDAQ?
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 TDAQ as much as 16.0%. Their betas are 1.16 and 1.41.
How much do GPIQ and TDAQ overlap?
About 93% of the two portfolios overlap by weight, across 89 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both adds little diversification.
How often do GPIQ and TDAQ pay dividends?
Both pay monthly. The most recent payments were $0.5088 for GPIQ and $0.3825 for TDAQ.
How much income does $10,000 in GPIQ vs TDAQ generate?
At current TTM yields, $10,000 in GPIQ would generate roughly $85.60 per month ($1027 annually). The same amount in TDAQ would produce about $143.77 per month ($1725 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both GPIQ and TDAQ?
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 TDAQ with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how GPIQ and TDAQ 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.