Dividend comparison
GPIX vs GPIQ: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Goldman Sachs S&P 500 Premium Income ETF and Goldman Sachs Nasdaq-100 Premium Income ETF, side by side. Updated October 21, 2026.
- 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 8.20% for GPIX. That is about $208 more a year on $10,000. Both pay monthly.
- Performance. Over the last 3 years, GPIQ returned 599.0% versus 567.8% for GPIX, with dividends reinvested. $10,000 would have grown to $69,900 in GPIQ and $66,778 in GPIX.
- Risk. Their worst declines over the last 3 years were similar: -100.0% for GPIX and -100.0% for GPIQ from peak to trough.
- Diversification. GPIX holds 488 positions and GPIQ holds 107. The ten largest positions make up 39.4% of GPIX and 47.9% of GPIQ.
- Overlap. At least 47% of the two portfolios overlap by weight, across 35 shared holdings.
Bottom line: GPIX fits better if you care most about broader diversification. GPIQ fits better if you care most about more income today and stronger 3-year returns.
| Metric | GPIX Goldman Sachs S&P 500 Premium Income ETF | GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF |
|---|---|---|
| Dividend yield (TTM) | 8.20% | 10.27% |
| Dividend / share (TTM) | $4.59 | $5.77 |
| Payout frequency | Monthly | Monthly |
| Last dividend | $0.3970 on Oct 7, 2026 | $0.5088 on Oct 7, 2026 |
| Ex-dividend date | Oct 1, 2026 | Oct 1, 2026 |
| Price | $55.96 | $56.13 |
| Dividend growth streak | 1 year | 1 year |
| Beta | 0.84 | 1.16 |
| Max drawdown (5Y) | -100.0% | -100.0% |
| Market cap | $1.16B | $1.19B |
| Exchange | NASDAQ | NASDAQ |
| Expense ratio | 0.35% | 0.35% |
| Assets under management | $6.24B | $6.37B |
| Number of holdings | 488 | 107 |
| Top 10 concentration | 39.4% | 47.9% |
GPIX
$68.30/mo
$820 /yr at 8.20% yield
GPIQ
$85.60/mo
$1027 /yr at 10.27% yield
| Year | GPIX | GPIQ |
|---|---|---|
| 2025 | $4.2301 | $5.1860 |
| 2024 | $3.9993 | $4.8875 |
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 GPIX vs GPIQ actually do
The fund writes calls on a varying portion of the portfolio rather than a fixed slice, so the manager can lean into premium when volatility is rich and pull back when it is not. Because the underlying index is broader and less volatile than the Nasdaq-100, the premium collected is lower and the distribution is smaller than the technology-focused version. Like its sibling, it is priced far closer to a plain index fund than to a typical derivative-income product.
Suits an investor who wants most of the S&P 500 experience with a meaningfully larger cash payout and low fee drag. Not for someone who wants either an untouched index return or the largest distribution on the shelf.
Balanced income and growth
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
| Period | GPIX | GPIQ |
|---|---|---|
| 1 month | 0.43% | -1.32% |
| 3 months | 1.69% | 0.27% |
| Year to date | 6.75% | 7.10% |
| 1 year | 8.41% | 7.94% |
| 3 years | 567.78% | 599.00% |
| 5 years | — | — |
- GPIX
- GPIQ
Both series indexed to 100 on 2023-10-19 using the adjusted closing price series. Past performance does not guarantee future results.
- GPIX
- GPIQ
| Largest shared holdings | GPIX weight | GPIQ weight |
|---|---|---|
| NVDANVIDIA CORPORATION | 7.99% | 8.20% |
| AAPLAPPLE INC. | 7.55% | 7.84% |
| MSFTMICROSOFT CORPORATION | 5.99% | 6.23% |
| AMZNAMAZON.COM INC | 3.81% | 4.36% |
| GOOGLALPHABET INC. | 3.36% | 3.96% |
| AVGOBROADCOM INC. | 2.34% | 2.53% |
| MUMICRON TECHNOLOGY, INC. | 1.55% | 4.42% |
| METAMETA PLATFORMS INC-CLASS A | 1.54% | 3.34% |
| TSLATESLA INC. | 1.48% | 2.95% |
| AMDADVANCED MICRO DEVICES INC. | 1.33% | 3.82% |
GPIX488 holdings total
| Name | Weight |
|---|---|
| NVDANVIDIA CORPORATION | 7.99% |
| AAPLAPPLE INC. | 7.55% |
| MSFTMICROSOFT CORPORATION | 5.99% |
| AMZNAMAZON.COM INC | 3.81% |
| XLCSTATE STREET COMMUNICATION SERVICES SELECT SECTOR | 3.77% |
| GOOGLALPHABET INC. | 3.36% |
| AVGOBROADCOM INC. | 2.34% |
| MUMICRON TECHNOLOGY, INC. | 1.55% |
| METAMETA PLATFORMS INC-CLASS A | 1.54% |
| BRK-BBERKSHIRE HATHAWAY INC. | 1.51% |
GPIQ107 holdings total
Quick verdict
GPIX fits better if you care most about broader diversification. GPIQ fits better if you care most about more income today and stronger 3-year returns. Model the holding inside your real portfolio before deciding.
Frequently asked questions
Is GPIX or GPIQ better for dividend income?
What is the difference between GPIX and GPIQ?
Which is cheaper, GPIX or GPIQ?
Which has performed better, GPIX or GPIQ?
Which is riskier, GPIX or GPIQ?
How much do GPIX and GPIQ overlap?
How often do GPIX and GPIQ pay dividends?
How much income does $10,000 in GPIX vs GPIQ generate?
Can I hold both GPIX and GPIQ?
Where can I compare GPIX vs GPIQ with my full portfolio?
Related comparisons
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.