GPIQ and QQA are both covered call ETFs tracking the same benchmark, but with different approaches. GPIQ offers a 9.94% yield, while QQA provides a 9.80% 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
Invesco Nasdaq-100 Income Advantage ETF
8.04
Overall Score
| Criteria | GPIQ | QQA |
|---|---|---|
| Overall Score | 7.57 8.04 | |
| Total Return (25%) | 8.57 8.34 | |
| Downside Protection (25%) | 4.55 7.49 | |
| Upside Participation (25%) | 8.51 7.63 | |
| Consistency (15%) | 9.70 10.00 | |
| Expense Ratio (5%) | 8.88 7.62 | |
| Liquidity (5%) | 5.27 5.83 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | GPIQ | QQA |
|---|---|---|
| Expense Ratio | 0.290% | 0.390% |
| Inception Date | Oct 24, 2023 | Jul 1, 2024 |
| Issuer | Goldman Sachs | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 2/5 stars | 4/5 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%.
Down capture of 63% against 76% up capture is the best ratio of the Nasdaq income funds, over a record of only 26 months.
Investor Profile:
QQA is an actively managed Invesco fund of funds that holds stocks and ETFs to mirror the Nasdaq-100, 121 positions. It earns option income through equity-linked notes (ELNs), which Invesco describes as giving upside participation and downside protection. About 20% of assets sit in an Invesco government money market fund. It pays monthly and charges 0.29%.
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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