GPIQ and IQQQ are both covered call ETFs tracking the same benchmark, but with different approaches. GPIQ offers ~9.8% yield with a focus on sophisticated investor seeking the best structured nasdaq covered call, while IQQQ provides ~9.1% yield targeting income investors seeking nasdaq-100 exposure with daily covered call overlay and tax efficiency. 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
6.8
Overall Score
ProShares Nasdaq-100 High Income ETF
5.9
Overall Score
| Criteria | GPIQ | IQQQ |
|---|---|---|
| Overall Score | 6.8 5.9 | |
| Total Return (25%) | 8.5 8.2 | |
| Downside Protection (25%) | 4.4 0.8 | |
| Upside Participation (25%) | 8.5 8.9 | |
| Consistency (15%) | 4.7 5.6 | |
| Expense Ratio (5%) | 8.9 5.6 | |
| Liquidity (5%) | 5.3 5.4 |
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 | Jan 1, 2022 |
| Issuer | Goldman Sachs | ProShares |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 2/5 stars | 3/5 stars |
Structurally superior to JEPQ — Goldman built this product well
Investor Profile:
Sophisticated investor seeking the best structured Nasdaq covered call
Solid but faces stiff competition from QQQI. Tax efficiency is its main differentiator.
Investor Profile:
Income investors seeking Nasdaq-100 exposure with daily covered call overlay and tax efficiency
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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