Dividend comparison
QQQI vs GPIX: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for NEOS Nasdaq-100 High Income ETF and Goldman Sachs S&P 500 Premium Income ETF, side by side. Updated October 21, 2026.
- Fees. GPIX is cheaper at 0.35% a year versus 0.68% for QQQI. On $10,000 that is $33 a year less in fees.
- Income. QQQI pays more income, yielding 14.11% over the last twelve months versus 8.20% for GPIX. That is about $591 more a year on $10,000. Both pay monthly.
- Performance. Over the last 1 year, GPIX returned 8.4% versus 0.7% for QQQI, with dividends reinvested. $10,000 would have grown to $10,841 in GPIX and $10,069 in QQQI.
- Risk. GPIX has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -100.0%, against -20.0% for QQQI.
- Diversification. GPIX holds 488 positions and QQQI holds 10. The ten largest positions make up 47.0% of QQQI and 39.4% of GPIX.
- Overlap. At least 47% of the two portfolios overlap by weight, across 34 shared holdings.
- Size. QQQI is the larger fund with $15.1 billion in assets, against $6.2 billion for GPIX.
Bottom line: QQQI fits better if you care most about more income today and smaller drawdowns. GPIX fits better if you care most about lower fees, stronger 1-year returns and broader diversification.
| Metric | QQQI NEOS Nasdaq-100 High Income ETF | GPIX Goldman Sachs S&P 500 Premium Income ETF |
|---|---|---|
| Dividend yield (TTM) | 14.11% | 8.20% |
| Dividend / share (TTM) | $7.64 | $4.59 |
| Payout frequency | Monthly | Monthly |
| Last dividend | $0.6339 on Sep 18, 2026 | $0.3970 on Oct 7, 2026 |
| Ex-dividend date | Sep 16, 2026 | Oct 1, 2026 |
| Price | $54.16 | $55.96 |
| Dividend growth streak | — | 1 year |
| Beta | 0.93 | 0.84 |
| Max drawdown (5Y) | -20.0% | -100.0% |
| Market cap | $14.89B | $1.16B |
| Exchange | NASDAQ | NASDAQ |
| Expense ratio | 0.68% | 0.35% |
| Assets under management | $15.08B | $6.24B |
| Number of holdings | 10 | 488 |
| Top 10 concentration | 47.0% | 39.4% |
QQQI
$117.57/mo
$1411 /yr at 14.11% yield
GPIX
$68.30/mo
$820 /yr at 8.20% yield
| Year | QQQI | GPIX |
|---|---|---|
| 2025 | $7.4435 | $4.2301 |
| 2024 | — | $3.9993 |
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 QQQI vs GPIX actually do
It owns Nasdaq-100 constituents and applies the same call strategy of sold and purchased index options, sized actively rather than as a fixed full overwrite. Nasdaq-100 volatility is structurally higher, so the option premium collected is larger and the monthly distribution is bigger than the S&P 500 version. NDX options are also section 1256 contracts, so the same 60/40 tax treatment and loss-harvesting mechanics apply.
Suits someone who wants technology-heavy exposure converted into monthly cash with attention paid to tax character. A poor fit if you are holding the Nasdaq-100 specifically to compound growth, because the call overlay gives away the tail of exactly the rallies that index is bought for.
Aggressive tax-aware income
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
| Period | QQQI | GPIX |
|---|---|---|
| 1 month | -0.42% | 0.43% |
| 3 months | -0.09% | 1.69% |
| Year to date | 0.56% | 6.75% |
| 1 year | 0.69% | 8.41% |
| 3 years | — | 567.78% |
| 5 years | — | — |
- QQQI
- GPIX
Both series indexed to 100 on 2024-01-30 using the adjusted closing price series. Past performance does not guarantee future results.
- QQQI
- GPIX
| Largest shared holdings | QQQI weight | GPIX weight |
|---|---|---|
| NVDANVIDIA Corp | 8.20% | 7.99% |
| AAPLApple Inc | 7.81% | 7.55% |
| MSFTMicrosoft Corp | 6.11% | 5.99% |
| AMZNAmazon.com Inc | 4.47% | 3.81% |
| GOOGLAlphabet Inc | 3.13% | 3.36% |
| AVGOBroadcom Inc | 2.51% | 2.34% |
| MUMicron Technology Inc | 4.40% | 1.55% |
| METAMeta Platforms Inc | 3.25% | 1.54% |
| TSLATesla Inc | 2.96% | 1.48% |
| AMDAdvanced Micro Devices Inc | 3.81% | 1.33% |
QQQI10 holdings total
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% |
Quick verdict
QQQI fits better if you care most about more income today and smaller drawdowns. GPIX fits better if you care most about lower fees, stronger 1-year returns and broader diversification. Model the holding inside your real portfolio before deciding.
Frequently asked questions
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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.