Dividend comparison
JEPQ vs GPIQ: Which Is Better for Income?
Side-by-side yield, projected income, and dividend fundamentals for JPMorgan Nasdaq Equity Premium Income ETF and Goldman Sachs Nasdaq-100 Premium Income ETF. Updated July 26, 2026.
| Metric | JEPQ JPMorgan Nasdaq Equity Premium Income ETF | GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF |
|---|---|---|
| Dividend yield (TTM) | — | — |
| Dividend / share (TTM) | — | — |
| Price | $57.96 | $55.18 |
| Payout ratio (TTM) | — | — |
| Dividend growth streak | 2 years | 1 year |
| Beta | 0.77 | 1.03 |
| Market cap | $40.35B | $1.24B |
| Exchange | NASDAQ | NASDAQ |
| Expense ratio | 0.35% | 0.35% |
| Assets under management | $39.16B | $4.99B |
| Number of holdings | 110 | 106 |
| Top 10 concentration | 41.8% | 45.6% |
JEPQ
—/mo
Yield data unavailable
GPIQ
—/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 JEPQ vs GPIQ actually do
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
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 | JEPQ | GPIQ |
|---|---|---|
| 1 month | -2.90% | -3.93% |
| 3 months | -1.75% | 0.27% |
| Year to date | -0.28% | 5.29% |
| 1 year | 9.79% | 14.39% |
| 3 years | 53.17% | — |
| 5 years | — | — |
- JEPQ
- GPIQ
Both series indexed to 100 on 2023-10-19 using the adjusted closing price series. Past performance does not guarantee future results.
- JEPQ
- GPIQ
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 JEPQ or GPIQ better for dividend income?
What is the difference between JEPQ and GPIQ?
Can I hold both JEPQ and GPIQ?
Where can I compare JEPQ 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.