Dividend comparison
GPIX vs JEPQ: Which Is Better for Income?
Side-by-side yield, projected income, and dividend fundamentals for Goldman Sachs S&P 500 Premium Income ETF and JPMorgan Nasdaq Equity Premium Income ETF. Updated July 26, 2026.
| Metric | GPIX Goldman Sachs S&P 500 Premium Income ETF | JEPQ JPMorgan Nasdaq Equity Premium Income ETF |
|---|---|---|
| Dividend yield (TTM) | — | — |
| Dividend / share (TTM) | — | — |
| Price | $54.78 | $57.96 |
| Payout ratio (TTM) | — | — |
| Dividend growth streak | 1 year | 2 years |
| Beta | 0.85 | 0.77 |
| Market cap | $1.16B | $40.35B |
| Exchange | NASDAQ | NASDAQ |
| Expense ratio | 0.35% | 0.35% |
| Assets under management | $4.86B | $39.16B |
| Number of holdings | 507 | 110 |
| Top 10 concentration | 36.3% | 41.8% |
GPIX
—/mo
Yield data unavailable
JEPQ
—/mo
Yield data unavailable
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 JEPQ 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
The equity sleeve stays close to the Nasdaq-100 while applying JPMorgan's own research overlay, and equity-linked notes supply the short call exposure on the index. Because Nasdaq-100 options carry higher implied volatility than S&P 500 options, the fund collects more premium and pays a bigger monthly distribution than its S&P 500 sibling. The trade is symmetrical: the underlying portfolio is more volatile, so drawdowns are deeper and the capped upside costs more in a technology-led melt-up.
Suits an income investor who wants exposure to large-cap technology but would rather be paid monthly than wait for capital gains. Not a fit for anyone who wants full participation in Nasdaq rallies or who cannot tolerate a growth-heavy, concentrated portfolio underneath the options.
Aggressive equity income
| Period | GPIX | JEPQ |
|---|---|---|
| 1 month | 0.33% | -2.90% |
| 3 months | 1.76% | -1.75% |
| Year to date | 4.50% | -0.28% |
| 1 year | 12.16% | 9.79% |
| 3 years | — | 53.17% |
| 5 years | — | — |
- GPIX
- JEPQ
Both series indexed to 100 on 2023-10-19 using the adjusted closing price series. Past performance does not guarantee future results.
- GPIX
- JEPQ
GPIX507 holdings total
JEPQ110 holdings total
| Name | Weight |
|---|---|
| NVDANVIDIA CORP COMMON STOCK | 7.11% |
| AAPLAPPLE INC COMMON STOCK | 6.61% |
| MUMICRON TECHNOLOGY INC | 4.88% |
| GOOGALPHABET INC-CL C - | 4.66% |
| MSFTMICROSOFT CORP COMMON | 4.09% |
| AMZNAMAZON.COM INC COMMON | 3.69% |
| AMDADVANCED MICRO DEVICES | 3.66% |
| METAMETA PLATFORMS INC | 2.61% |
| AVGOBROADCOM INC COMMON | 2.28% |
| LRCXLAM RESEARCH CORP COMMON | 2.18% |
Quick verdict
Compare the metrics above, then add both tickers to a Dividend Wealth portfolio to see combined income forecasts and diversification impact.
Frequently asked questions
Is GPIX or JEPQ better for dividend income?
What is the difference between GPIX and JEPQ?
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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.