GPIQ and JEPQ are both covered call ETFs tracking the same benchmark, but with different approaches. GPIQ offers a 9.94% yield, while JEPQ provides a 11.14% 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
JPMorgan Nasdaq Equity Premium Income ETF
7.24
Overall Score
| Criteria | GPIQ | JEPQ |
|---|---|---|
| Overall Score | 7.57 7.24 | |
| Total Return (25%) | 8.57 6.99 | |
| Downside Protection (25%) | 4.55 6.30 | |
| Upside Participation (25%) | 8.51 7.24 | |
| Consistency (15%) | 9.70 8.54 | |
| Expense Ratio (5%) | 8.88 8.12 | |
| Liquidity (5%) | 5.27 8.31 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | GPIQ | JEPQ |
|---|---|---|
| Expense Ratio | 0.290% | 0.350% |
| Inception Date | Oct 24, 2023 | May 3, 2022 |
| Issuer | Goldman Sachs | JPMorgan |
| 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%.
Captured 72% of Nasdaq-100 upside with 32% lower volatility (13.7% vs 20.0%) for an 11.1% yield, at a 44-point cost in total return since 2022.
Investor Profile:
JEPQ is an actively managed JPMorgan fund that holds about 111 large-cap stocks, mainly from the Nasdaq-100, selected with a data-driven process. It earns option income through equity-linked notes on the Nasdaq-100 rather than writing options directly. It pays monthly and charges 0.35%.
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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