Dividend comparison

GPIQ vs XDTE: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Goldman Sachs Nasdaq-100 Premium Income ETF and Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF, side by side. Updated October 21, 2026.

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GPIQ vs XDTE: key differences
The short answer, from the latest data on this page.
  • Fees. GPIQ is cheaper at 0.35% a year versus 0.97% for XDTE. On $10,000 that is $62 a year less in fees.
  • Income. XDTE pays more income, yielding 30.05% over the last twelve months versus 10.27% for GPIQ. That is about $1,978 more a year on $10,000. GPIQ pays monthly, XDTE pays weekly.
  • Performance. Over the last 1 year, GPIQ returned 7.9% versus -11.3% for XDTE, with dividends reinvested. $10,000 would have grown to $10,794 in GPIQ and $8,872 in XDTE.
  • Risk. GPIQ has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -100.0%, against -19.1% for XDTE.
  • Diversification. GPIQ holds 107 positions and XDTE holds 6. The ten largest positions make up 47.9% of GPIQ and 192.2% of XDTE.
  • Overlap. GPIQ and XDTE share no holdings, so they behave as separate building blocks.
  • Size. GPIQ is the larger fund with $6.4 billion in assets, against $324 million for XDTE.

Bottom line: GPIQ fits better if you care most about lower fees, stronger 1-year returns and broader diversification. XDTE 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
XDTE
Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF
Dividend yield (TTM)10.27%30.05%
Dividend / share (TTM)$5.77$11.46
Payout frequencyMonthlyWeekly
Last dividend$0.5088 on Oct 7, 2026$0.1440 on Oct 16, 2026
Ex-dividend dateOct 1, 2026Oct 15, 2026
Price$56.13$38.14
Dividend growth streak1 year—
Beta1.160.92
Max drawdown (5Y)-100.0%-19.1%
Market cap$1.19B$322.3M
ExchangeNASDAQCBOE
Expense ratio0.35%0.97%
Assets under management$6.37B$324.2M
Number of holdings1076
Top 10 concentration47.9%192.2%
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

XDTE

$250.41/mo

$3005 /yr at 30.05% yield

Dividend history
Total dividends paid per share in each calendar year. GPIQ pays monthly; XDTE pays weekly.
YearGPIQXDTE
2025$5.1860$13.4830
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 XDTE 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 Mar 7, 2024 would now be worth $14,579 in GPIQ and $11,281 in XDTE.
PeriodGPIQXDTE
1 month-1.32%-0.57%
3 months0.27%-0.88%
Year to date7.10%-3.86%
1 year7.94%-11.28%
3 years599.00%—
5 years——
  • GPIQ
  • XDTE
92126159202420252026146113

Both series indexed to 100 on 2024-03-07 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
  • XDTE
0%15%30%46%61%Technology60.7%39.0%Communication Services12.6%10.6%Consumer Cyclical9.9%9.9%Industrials5.1%7.8%Healthcare3.8%8.3%Financial Services0.1%11.1%Consumer Defensive5.5%4.5%Energy0.5%3.1%Utilities0.9%2.1%Basic Materials0.9%1.7%Other0.6%1.8%
GPIQ vs XDTE holdings overlap
0% overlap by weight, with 0 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
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%

XDTE6 holdings total

NameWeight
4SPY 271119C00077430SPY 11/19/2027 77.43 C89.76%
4SPX 270319C00678800SPX 03/19/2027 678.8 C67.92%
4SPX 270611C00678800SPX 06/11/2027 678.8 C24.55%
WEEKRoundhill Weekly T-Bill ETF7.48%
FGXXXFirst American Government Obligations Fund 12/01/20312.52%

Quick verdict

GPIQ fits better if you care most about lower fees, stronger 1-year returns and broader diversification. XDTE 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 XDTE better for dividend income?
It depends on your goals. GPIQ currently yields 10.27% Trailing Twelve Months (TTM) while XDTE yields 30.05%. 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 XDTE?
Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) is an ETF listed on NASDAQ. Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF (XDTE) 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 XDTE?
GPIQ has the lower expense ratio. GPIQ charges 0.35% a year and XDTE charges 0.97%, a difference of $62 a year on a $10,000 investment.
Which has performed better, GPIQ or XDTE?
Over the last 1 year, GPIQ has the higher total return with dividends reinvested: GPIQ returned 7.9% and XDTE returned -11.3%. Past performance does not predict future returns.
Which is riskier, GPIQ or XDTE?
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 XDTE as much as 19.1%. Their betas are 1.16 and 0.92.
How often do GPIQ and XDTE pay dividends?
GPIQ pays monthly and XDTE pays weekly.
How much income does $10,000 in GPIQ vs XDTE generate?
At current TTM yields, $10,000 in GPIQ would generate roughly $85.60 per month ($1027 annually). The same amount in XDTE would produce about $250.41 per month ($3005 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both GPIQ and XDTE?
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 XDTE with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how GPIQ and XDTE 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.