GPIQ and IQQQ are both covered call ETFs tracking the same benchmark, but with different approaches. GPIQ offers a 9.94% yield, while IQQQ provides a 5.80% yield. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.
Compare covered call ETFs with the same benchmark side by side
Goldman Sachs Nasdaq-100 Premium Income ETF
7.57
Overall Score
ProShares Nasdaq-100 High Income ETF
5.70
Overall Score
| Criteria | GPIQ | IQQQ |
|---|---|---|
| Overall Score | 7.57 5.70 | |
| Total Return (25%) | 8.57 7.62 | |
| Downside Protection (25%) | 4.55 0.77 | |
| Upside Participation (25%) | 8.51 8.65 | |
| Consistency (15%) | 9.70 5.93 | |
| Expense Ratio (5%) | 8.88 5.62 | |
| Liquidity (5%) | 5.27 5.39 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | GPIQ | IQQQ |
|---|---|---|
| Expense Ratio | 0.290% | 0.550% |
| Inception Date | Oct 24, 2023 | Mar 1, 2024 |
| Issuer | Goldman Sachs | ProShares |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 2/5 stars | 3/5 stars |
Keeps 85% of Nasdaq-100 upside for a 9.9% yield at 0.29%, with a yield 1.2 to 3.8 points below JEPQ and QQQI.
Investor Profile:
GPIQ is an actively managed Goldman Sachs fund that holds 108 large-cap stocks, mainly from the Nasdaq-100. It sells call options on a variable share of the portfolio, between 25% and 75%, which leaves part of the position free to follow the index. It pays monthly and charges 0.29%.
Keeps 86% of Nasdaq-100 upside but also 96% of the downside, for a 5.8% yield, the lowest among Nasdaq income funds.
Investor Profile:
IQQQ tracks the Nasdaq-100 Daily Covered Call Index, which sells one-day call options every day on 100% of net assets. The fund does not trade options itself: it gains the exposure through swaps with Goldman Sachs International (72%) and BNP Paribas (28%). It holds Nasdaq-100 stocks, futures and a money market ETF, 108 positions in total. ProShares distributes monthly with a stated 6% annualized minimum yield.
Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.
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