Rankings / GPIQ
Goldman Sachs Nasdaq-100 Premium Income ETF
7.6
Overall Score
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%.
The fund holds Nasdaq-100 stocks and sells call options on the index. The coverage ratio is reviewed monthly and adjusted between 25% and 75% of the portfolio value based on market volatility and premium levels. Because the fund uses exchange-traded index options (not equity-linked notes), there is no bank counterparty exposure. Premium collected is distributed monthly. The strategy does not hedge market declines: down-capture has been close to up-capture since inception.
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.
Cumulative total return of GPIQ against QQQ, distributions reinvested.
Cumulative total return, rebased to 0% at the start of each period. Distributions reinvested. Data through end of previous month.
Calendar-year total return, distributions reinvested.
| Year | GPIQ | QQQ |
|---|---|---|
| 2026 YTD | +18.66% | +20.83% |
| 2025 | +19.79% | +20.77% |
| 2024 | +23.23% | +25.58% |
| 2023 * | +13.06% | +17.01% |
Historical years are frozen. YTD is refreshed monthly. * Partial year: return from fund inception to December 31.
Composite score from six weighted criteria, measured since inception.
Performance since inception against the benchmark.
How much of the benchmark drawdown the fund absorbed.
How much of the benchmark rally the fund kept.
Frequency of distribution cuts below 85% of the previous payment.
Inversely proportional to the annual management fee.
Assets under management on a log scale.
Sector and geographic composition of GPIQ underlying holdings.
| # | Symbol | Name | Weight |
|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 8.62% |
| 2 | AAPL | APPLE INC. | 7.40% |
| 3 | MSFT | MICROSOFT CORPORATION | 5.91% |
| 4 | MU | MICRON TECHNOLOGY, INC. | 5.09% |
| 5 | AMD | ADVANCED MICRO DEVICES INC. | 4.42% |
| 6 | AMZN | AMAZON.COM INC | 4.11% |
| 7 | GOOGL | ALPHABET INC. | 3.88% |
| 8 | META | META PLATFORMS INC-CLASS A | 3.27% |
| 9 | SPCX | SPACE EXPLORATION TECHNOLOGIES CORP. | 2.99% |
| 10 | TSLA | TESLA INC. | 2.83% |
Holdings data from fund disclosures, updated periodically. Percentages may not sum to 100% due to cash, options, and other positions not shown.
The same six criteria, applied to different trailing periods. Pro subscribers see the full breakdown.
Since inception
7.6
3 years
7.6
1 year
8.3
3 months
7.1
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Expense Ratio
0.290%
Inception Date
October 24, 2023
Benchmark
QQQ
Category
Covered Call - Nasdaq
Distribution Frequency
Monthly
Maturity Rating
2/5 stars
Scores calculated using CoveredRank methodology. Every formula is published and reproducible.
See full methodology→Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.