GPIQ vs JEPQ vs QQQI: Which Is the Better Pick in 2026?
A side-by-side comparison of Goldman Sachs Nasdaq-100 Core Premium Income ETF, JPMorgan Nasdaq Equity Premium Income ETF and NEOS Nasdaq-100 High Income ETF covering yield, cost, risk, and income potential.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Goldman Sachs operates a 15-fund ETF lineup spanning diverse asset classes including bonds, commodities, factor-based strategies, income-focused funds, and international equities. The issuer is known for its specialized offerings in income generation and factor investing, with popular tickers including GSIE (a U.S. equity income fund) and GBIL (a short-duration bond fund). Their fund families emphasize both traditional index-based approaches and actively managed strategies across fixed income, commodities, and international markets.
See our curated list of related YouTube videos on GPIQ.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
JPMorgan operates a diverse ETF lineup of 46 funds spanning bond, equity, factor, income, index, international, money market, municipal, and sector strategies, establishing itself as a broad-based player across multiple asset classes and investment approaches. The issuer is particularly known for its income-focused offerings, including popular tickers like JEPI (Equity Premium Income) and JEPQ (Equity Premium Income ETF), which employ covered call and options strategies to generate distributions. JPMorgan's portfolio ranges from core index and fixed income funds to specialized sector and international equity ETFs, positioning the firm to serve both income-seeking and growth-oriented investors across diversified markets.
See our curated list of related YouTube videos on JEPQ.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
NEOS is known for developing specialized income-focused ETFs that employ strategies like covered calls, hedging, and enhanced yields across various asset classes. The firm manages 19 funds organized into nine distinct families, including offerings in equity high income, fixed income enhancement, digital assets, and alternative strategies, with popular tickers like SPYI (S&P 500 covered call), QQQI (Nasdaq-100 covered call), and QQQH (Nasdaq-100 hedged equity income). NEOS distinguishes itself in the ETF landscape through its emphasis on income generation and downside protection strategies rather than traditional growth approaches.
See our curated list of related YouTube videos on QQQI.
Seeks current income while maintaining prospects for capital appreciation by investing at least 80% of net assets in companies included in the Nasdaq-100 and selling call options with exposure to the benchmark.
Covered Call
Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation.
Asset class
Equity
Equity
Equity
Inception date
10/24/2023
05/03/2022
01/29/2024
Beta
1.0964
0.78
1.0553
Last dividend
$0.5191
$0.6366
$0.6570
Ex-dividend date
07/01/2026
07/01/2026
06/16/2026
Most used
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF), JEPQ (JPMorgan Nasdaq Equity Premium Income ETF), QQQI (NEOS Nasdaq-100 High Income ETF) are dividend ETFs that take different approaches.
QQQI offers the highest reported yield at 14.08%, followed by JEPQ at 12.69%, GPIQ at 10.79%.
GPIQ is the cheapest with an expense ratio of 0.29%, compared to 0.35% for JEPQ and 0.68% for QQQI.
JEPQ is the largest fund by assets ($39.0B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment: GPIQ generates ~$89.92/month, JEPQ generates ~$105.75/month, QQQI generates ~$117.33/month at current distribution rates.
GPIQ yield10.79%
JEPQ yield12.69%
QQQI yield14.08%
Cost & efficiency
Over 10 years on $10,000: GPIQ costs ~$290, JEPQ costs ~$350, QQQI costs ~$680 in fees (simplified, not compounded).
GPIQ ER0.29%
JEPQ ER0.35%
QQQI ER0.68%
Strategy & risk
All of these funds wrap NASDAQ 100 with options-based income strategies (GPIQ: covered call, JEPQ: covered call, QQQI: options). The differences are yield target, fee, and issuer — not the underlying mechanic.
GPIQ beta1.0964
JEPQ beta0.78
QQQI beta1.0553
Fund details
GPIQ is managed by Goldman Sachs (launched 10/24/2023) with $4.62B in assets. JEPQ is managed by JPMorgan (launched 05/03/2022) with $39.0B in assets. QQQI is managed by NEOS (launched 01/29/2024) with $12.5B in assets.
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Frequently asked questions
Which of GPIQ, JEPQ, QQQI is best for dividend income?
It depends on your goals. QQQI currently offers the highest reported distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility, and funds without an established distribution history have no comparable yield to evaluate. Consider your time horizon and risk tolerance.
What is the difference between GPIQ, JEPQ, QQQI?
All of these funds track NASDAQ 100 with options-based income strategies — the individual labels (GPIQ: covered call, JEPQ: covered call, QQQI: options) describe closely related mechanics (covered calls are a specific type of options strategy). The real differences are yield target (GPIQ 10.79%, JEPQ 12.69%, QQQI 14.08%), expense ratio, and issuer.
Can I hold GPIQ, JEPQ, QQQI together?
You can, but expect significant overlap. All of these funds use options-based income strategies on NASDAQ 100, so holding them together gives you multiple wrappers around effectively the same exposure — not true diversification. Weigh issuer, fee, and yield differences rather than treating them as complementary.
Which has the lowest fees among GPIQ, JEPQ, QQQI?
GPIQ has an expense ratio of 0.29%, JEPQ has an expense ratio of 0.35%, QQQI has an expense ratio of 0.68%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 generate in each?
$10,000 in GPIQ yields ~$89.92/month ($1,079.00/year). $10,000 in JEPQ yields ~$105.75/month ($1,269.00/year). $10,000 in QQQI yields ~$117.33/month ($1,408.00/year).
Explore related screeners
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