QQQI and GPIQ are both covered call ETFs tracking the same benchmark, but with different approaches. QQQI offers a 13.76% yield, while GPIQ provides a 9.94% 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
NEOS Nasdaq 100 High Income ETF
7.43
Overall Score
Goldman Sachs Nasdaq-100 Premium Income ETF
7.57
Overall Score
| Criteria | QQQI | GPIQ |
|---|---|---|
| Overall Score | 7.43 7.57 | |
| Total Return (25%) | 8.16 8.57 | |
| Downside Protection (25%) | 5.48 4.55 | |
| Upside Participation (25%) | 7.98 8.51 | |
| Consistency (15%) | 10.00 9.70 | |
| Expense Ratio (5%) | 4.00 8.88 | |
| Liquidity (5%) | 6.55 5.27 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | QQQI | GPIQ |
|---|---|---|
| Expense Ratio | 0.680% | 0.290% |
| Inception Date | Jan 30, 2024 | Oct 24, 2023 |
| Issuer | NEOS | Goldman Sachs |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 2/5 stars | 2/5 stars |
Pays 13.8%, 2.6 points more than JEPQ, at a fee of 0.68% that is almost double JEPQ's 0.35%.
Investor Profile:
QQQI is an actively managed NEOS fund that holds large-cap Nasdaq-100 stocks, 106 positions, and sells index call options to generate monthly income. NEOS uses index options that qualify as Section 1256 contracts, taxed at the 60/40 rate. It aims for high monthly income in a tax-efficient way, with distributions that are partly return of capital.
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%.
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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