Dividend comparison

GPIX vs QDTE: 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 Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF, side by side. Updated October 21, 2026.

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GPIX vs QDTE: key differences
The short answer, from the latest data on this page.
  • Fees. GPIX is cheaper at 0.35% a year versus 0.96% for QDTE. On $10,000 that is $61 a year less in fees.
  • Income. QDTE pays more income, yielding 44.45% over the last twelve months versus 8.20% for GPIX. That is about $3,625 more a year on $10,000. GPIX pays monthly, QDTE pays weekly.
  • Performance. Over the last 1 year, GPIX returned 8.4% versus -18.7% for QDTE, with dividends reinvested. $10,000 would have grown to $10,841 in GPIX and $8,130 in QDTE.
  • Risk. GPIX has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -100.0%, against -24.3% for QDTE.
  • Diversification. GPIX holds 488 positions and QDTE holds 6. The ten largest positions make up 39.4% of GPIX and 191.0% of QDTE.
  • Size. GPIX is the larger fund with $6.2 billion in assets, against $913 million for QDTE.

Bottom line: GPIX fits better if you care most about lower fees, stronger 1-year returns and broader diversification. QDTE 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.
MetricGPIX
Goldman Sachs S&P 500 Premium Income ETF
QDTE
Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF
Dividend yield (TTM)8.20%44.45%
Dividend / share (TTM)$4.59$12.50
Payout frequencyMonthlyWeekly
Last dividend$0.3970 on Oct 7, 2026$0.1292 on Oct 16, 2026
Ex-dividend dateOct 1, 2026Oct 15, 2026
Price$55.96$28.13
Dividend growth streak1 year—
Beta0.841.25
Max drawdown (5Y)-100.0%-24.3%
Market cap$1.16B$902.1M
ExchangeNASDAQCBOE
Expense ratio0.35%0.96%
Assets under management$6.24B$912.7M
Number of holdings4886
Top 10 concentration39.4%191.0%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

GPIX

$68.30/mo

$820 /yr at 8.20% yield

QDTE

$370.39/mo

$4445 /yr at 44.45% yield

Dividend history
Total dividends paid per share in each calendar year. GPIX pays monthly; QDTE pays weekly.
YearGPIXQDTE
2025$4.2301$13.5402
2024$3.9993—
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 GPIX vs QDTE actually do

GPIX
The S&P 500 sibling of Goldman Sachs's premium income range, holding large-cap US equity with a dynamic call-writing overlay.

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

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Mar 7, 2024 would now be worth $14,046 in GPIX and $10,899 in QDTE.
PeriodGPIXQDTE
1 month0.43%-2.33%
3 months1.69%-3.43%
Year to date6.75%-8.79%
1 year8.41%-18.70%
3 years567.78%—
5 years——
  • GPIX
  • QDTE
91118146202420252026140109

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.
  • GPIX
  • QDTE
0%24%47%71%95%Cash & Others94.7%Technology38.8%Financial Services15.2%5.3%Healthcare9.5%Consumer Cyclical9.0%Industrials7.3%Communication Services6.5%Consumer Defensive4.6%Energy3.7%Utilities2.0%Other3.5%
GPIX vs QDTE holdings overlap
At least 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.

GPIX488 holdings total

NameWeight
NVDANVIDIA CORPORATION7.99%
AAPLAPPLE INC.7.55%
MSFTMICROSOFT CORPORATION5.99%
AMZNAMAZON.COM INC3.81%
XLCSTATE STREET COMMUNICATION SERVICES SELECT SECTOR3.77%
GOOGLALPHABET INC.3.36%
AVGOBROADCOM INC.2.34%
MUMICRON TECHNOLOGY, INC.1.55%
METAMETA PLATFORMS INC-CLASS A1.54%
BRK-BBERKSHIRE HATHAWAY INC.1.51%

QDTE6 holdings total

NameWeight
4QQQ 271119C00070110QQQ 11/19/2027 70.11 C73.39%
4NDX 270319C02510150NDX 03/19/2027 2510.15 C25.86%
4NDX 261218C024501004NDX US 12/18/26 C2450.1 FLX25.04%
4NDX 270611C03059420NDX 06/11/2027 3059.42 C22.05%
4NDX 260918C022500004NDX US 09/18/26 C2250 FLX18.15%
4QQQ 270917C00070690QQQ 09/17/2027 70.69 C17.65%
WEEKRoundhill Weekly T-Bill ETF5.25%
FGXXXFirst American Government Obligations Fund 12/01/20313.59%

Quick verdict

GPIX fits better if you care most about lower fees, stronger 1-year returns and broader diversification. QDTE 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 GPIX or QDTE better for dividend income?
It depends on your goals. GPIX currently yields 8.20% Trailing Twelve Months (TTM) while QDTE yields 44.45%. 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 GPIX and QDTE?
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF listed on NASDAQ. Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF (QDTE) 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, GPIX or QDTE?
GPIX has the lower expense ratio. GPIX charges 0.35% a year and QDTE charges 0.96%, a difference of $61 a year on a $10,000 investment.
Which has performed better, GPIX or QDTE?
Over the last 1 year, GPIX has the higher total return with dividends reinvested: GPIX returned 8.4% and QDTE returned -18.7%. Past performance does not predict future returns.
Which is riskier, GPIX or QDTE?
Measured by the worst peak-to-trough decline over the last five years, GPIX has been riskier: GPIX fell as much as 100.0% and QDTE as much as 24.3%. Their betas are 0.84 and 1.25.
How often do GPIX and QDTE pay dividends?
GPIX pays monthly and QDTE pays weekly.
How much income does $10,000 in GPIX vs QDTE generate?
At current TTM yields, $10,000 in GPIX would generate roughly $68.30 per month ($820 annually). The same amount in QDTE would produce about $370.39 per month ($4445 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both GPIX and QDTE?
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 GPIX vs QDTE with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how GPIX and QDTE 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.