Dividend comparison

GPIX vs QDVO: 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 Amplify CWP Growth & Income ETF, side by side. Updated October 21, 2026.

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GPIX vs QDVO: key differences
The short answer, from the latest data on this page.
  • Fees. GPIX is cheaper at 0.35% a year versus 0.56% for QDVO. On $10,000 that is $21 a year less in fees.
  • Income. QDVO pays more income, yielding 10.69% over the last twelve months versus 8.20% for GPIX. That is about $249 more a year on $10,000. Both pay monthly.
  • Performance. Over the last 1 year, GPIX returned 8.4% versus 2.1% for QDVO, with dividends reinvested. $10,000 would have grown to $10,841 in GPIX and $10,208 in QDVO.
  • Risk. GPIX has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -100.0%, against -17.7% for QDVO.
  • Diversification. GPIX holds 488 positions and QDVO holds 45. The ten largest positions make up 39.4% of GPIX and 58.0% of QDVO.
  • Overlap. At least 48% of the two portfolios overlap by weight, across 30 shared holdings.
  • Size. GPIX is the larger fund with $6.2 billion in assets, against $763 million for QDVO.

Bottom line: GPIX fits better if you care most about lower fees, stronger 1-year returns and broader diversification. QDVO 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
QDVO
Amplify CWP Growth & Income ETF
Dividend yield (TTM)8.20%10.69%
Dividend / share (TTM)$4.59$3.15
Payout frequencyMonthlyMonthly
Last dividend$0.3970 on Oct 7, 2026$0.2787 on Sep 30, 2026
Ex-dividend dateOct 1, 2026Sep 29, 2026
Price$55.96$29.46
Dividend growth streak1 year—
Beta0.841.02
Max drawdown (5Y)-100.0%-17.7%
Market cap$1.16B$767.2M
ExchangeNASDAQAMEX
Expense ratio0.35%0.56%
Assets under management$6.24B$763.0M
Number of holdings48845
Top 10 concentration39.4%58.0%
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

QDVO

$89.08/mo

$1069 /yr at 10.69% yield

Dividend history
Total dividends paid per share in each calendar year. GPIX pays monthly; QDVO pays monthly.
YearGPIXQDVO
2025$4.2301$2.8784
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 QDVO 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 Aug 22, 2024 would now be worth $13,105 in GPIX and $13,520 in QDVO.
PeriodGPIXQDVO
1 month0.43%-1.41%
3 months1.69%-0.07%
Year to date6.75%1.52%
1 year8.41%2.08%
3 years567.78%—
5 years——
  • GPIX
  • QDVO
89117145202420252026131135

Both series indexed to 100 on 2024-08-22 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
  • QDVO
0%12%25%37%49%Technology38.8%49.2%Financial Services15.2%7.9%Communication Services6.5%13.5%Consumer Cyclical9.0%10.3%Healthcare9.5%8.0%Consumer Defensive4.6%7.0%Industrials7.3%3.4%Energy3.7%0.3%Basic Materials1.8%1.4%Utilities2.0%0.5%Other1.7%
GPIX vs QDVO holdings overlap
At least 48% overlap by weight, with 30 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 holdingsGPIX weightQDVO weight
NVDANVIDIA CORPORATION7.99%10.25%
AAPLAPPLE INC.7.55%9.59%
MSFTMICROSOFT CORPORATION5.99%6.61%
AMZNAMAZON.COM INC3.81%5.24%
GOOGLALPHABET INC.3.36%8.39%
AVGOBROADCOM INC.2.34%3.26%
MUMICRON TECHNOLOGY, INC.1.55%3.71%
METAMETA PLATFORMS INC-CLASS A1.54%3.95%
LLYELI LILLY & CO1.50%3.73%
TSLATESLA INC.1.48%3.05%
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%

QDVO45 holdings total

NameWeight
NVDANVIDIA Corp10.25%
AAPLApple Inc9.59%
GOOGLAlphabet Inc8.39%
MSFTMicrosoft Corp6.61%
AMZNAmazon.com Inc5.24%
METAMeta Platforms Inc3.95%
LLYEli Lilly & Co3.73%
MUMicron Technology Inc3.71%
AMDAdvanced Micro Devices Inc3.29%
AVGOBroadcom Inc3.26%

Quick verdict

GPIX fits better if you care most about lower fees, stronger 1-year returns and broader diversification. QDVO 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 QDVO better for dividend income?
It depends on your goals. GPIX currently yields 8.20% Trailing Twelve Months (TTM) while QDVO yields 10.69%. 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 QDVO?
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF listed on NASDAQ. Amplify CWP Growth & Income ETF (QDVO) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, GPIX or QDVO?
GPIX has the lower expense ratio. GPIX charges 0.35% a year and QDVO charges 0.56%, a difference of $21 a year on a $10,000 investment.
Which has performed better, GPIX or QDVO?
Over the last 1 year, GPIX has the higher total return with dividends reinvested: GPIX returned 8.4% and QDVO returned 2.1%. Past performance does not predict future returns.
Which is riskier, GPIX or QDVO?
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 QDVO as much as 17.7%. Their betas are 0.84 and 1.02.
How much do GPIX and QDVO overlap?
At least 48% of the two portfolios overlap by weight, across 30 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do GPIX and QDVO pay dividends?
Both pay monthly. The most recent payments were $0.3970 for GPIX and $0.2787 for QDVO.
How much income does $10,000 in GPIX vs QDVO generate?
At current TTM yields, $10,000 in GPIX would generate roughly $68.30 per month ($820 annually). The same amount in QDVO would produce about $89.08 per month ($1069 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both GPIX and QDVO?
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 QDVO with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how GPIX and QDVO 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.