GPIQ and QQQX are both covered call ETFs tracking the same benchmark, but with different approaches. GPIQ offers a 9.94% yield, while QQQX provides a 8.71% 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
Nuveen Nasdaq 100 Dynamic Overwrite Fund
5.21
Overall Score
| Criteria | GPIQ | QQQX |
|---|---|---|
| Overall Score | 7.57 5.21 | |
| Total Return (25%) | 8.57 4.05 | |
| Downside Protection (25%) | 4.55 1.28 | |
| Upside Participation (25%) | 8.51 8.28 | |
| Consistency (15%) | 9.70 10.00 | |
| Expense Ratio (5%) | 8.88 1.25 | |
| Liquidity (5%) | 5.27 4.80 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | GPIQ | QQQX |
|---|---|---|
| Expense Ratio | 0.290% | 0.900% |
| Inception Date | Oct 24, 2023 | Jan 25, 2007 |
| Issuer | Goldman Sachs | Nuveen |
| Distribution Frequency | Monthly | Quarterly |
| Maturity Rating | 2/5 stars | 5/5 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%.
Volatility of 19.6% against QQQ's 20.9% and 101% down capture mean the overwrite lowered upside without lowering risk.
Investor Profile:
QQQX is a closed-end fund managed by Nuveen Fund Advisors. It invests at least 90% of managed assets in an equity portfolio built around the Nasdaq-100, 222 positions as of August 2026, and writes call options on it dynamically. Its stated objective is a total return with less volatility than the Nasdaq-100. It uses no leverage and pays quarterly.
Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.
28 covered call ETFs, rescored every month on total return, downside protection and NAV stability. One email a month, no promotions.
We store your email to send the monthly ranking. Unsubscribe any time by replying to any email. We never share or sell it.