GPIQ and QQQX 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 QQQX provides ~8% yield targeting sophisticated investor comfortable with cef structure. 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
6.7
Overall Score
Nuveen Nasdaq 100 Dynamic Overwrite Fund
4.2
Overall Score
| Criteria | GPIQ | QQQX |
|---|---|---|
| Overall Score | 6.7 4.2 | |
| Total Return (25%) | 8.3 4.0 | |
| Downside Protection (25%) | 4.4 — | |
| Upside Participation (25%) | 8.4 8.8 | |
| Consistency (15%) | 5.0 4.7 | |
| Expense Ratio (5%) | 8.9 1.3 | |
| Liquidity (5%) | 5.3 4.8 |
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 | Monthly |
| Maturity Rating | 2/5 stars | 5/5 stars |
Structurally superior to JEPQ — Goldman built this product well
Investor Profile:
Sophisticated investor seeking the best structured Nasdaq covered call
Interesting dynamic approach — but CEF complexity and high fees limit its appeal vs newer ETF alternatives
Investor Profile:
Sophisticated investor comfortable with CEF structure