GPIQ vs JEPQ: Which Covered Call ETF Is Better?

GPIQ and JEPQ 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 JEPQ provides ~10.5% yield targeting investor seeking tech exposure with income, moderate volatility tolerance. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.

Compare ETFs

Compare covered call ETFs with the same benchmark side by side

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Step 2: Select ETFs to Compare

GPIQ

Goldman Sachs Nasdaq-100 Premium Income ETF

NasdaqInception: Oct 24, 2023

6.8

Overall Score

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

NasdaqInception: May 3, 2022

6.5

Overall Score

CriteriaGPIQJEPQ
Overall Score
6.8
6.5
Total Return (25%)
8.5
6.4
Downside Protection (25%)
4.4
5.8
Upside Participation (25%)
8.5
7.1
Consistency (15%)
4.7
5.3
Expense Ratio (5%)
8.9
8.1
Liquidity (5%)
5.3
8.3
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Compare Across All Time Windows

Since Inception

3 Years

Pro only

1 Year

Pro only

3 Months

Pro only

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Key Metrics

MetricGPIQJEPQ
Expense Ratio0.290%0.350%
Inception DateOct 24, 2023May 3, 2022
IssuerGoldman SachsJPMorgan
Distribution FrequencyMonthlyMonthly
Maturity Rating2/5 stars3/5 stars

Verdicts

GPIQ

Structurally superior to JEPQ — Goldman built this product well

Investor Profile:

Sophisticated investor seeking the best structured Nasdaq covered call

JEPQ

The best income/growth compromise in the Nasdaq covered call segment

Investor Profile:

Investor seeking tech exposure with income, moderate volatility tolerance

Full scores for these funds

See where these rank against every QQQ fund

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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