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ETF Comparison

GPIQ vs JEPQ vs QQQI vs ROCQ: 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, NEOS Nasdaq-100 High Income ETF and JPMorgan Nasdaq Equity Premium Yield ETF covering yield, cost, risk, and income potential.

Data updated July 9, 2026

Goldman Sachs
ETFs48
Total AUM$64.8B

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.

See all Goldman Sachs ETFs
JPMorgan
ETFs74
Total AUM$282B

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 and ROCQ.

See all JPMorgan ETFs
NEOS
ETFs19
Total AUM$28.5B

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.

See all NEOS ETFs

Side-by-side snapshot

GPIQJEPQQQQIROCQ
Full nameGoldman Sachs Nasdaq-100 Core Premium Income ETFJPMorgan Nasdaq Equity Premium Income ETFNEOS Nasdaq-100 High Income ETFJPMorgan Nasdaq Equity Premium Yield ETF
IssuerGoldman SachsJPMorganNEOSJPMorgan
Last Close$57.95 as of July 9, 2026$60.24 as of July 9, 2026$56.16 as of July 9, 2026$56.53 as of July 9, 2026
Distribution yield10.75%12.68%14.04%11.10%
Distribution Safety Score 97928850
Expense ratio0.29%0.35%0.68%0.35%
AUM$4.62B$39.0B$12.5B$377M
Distribution frequencyMonthlyMonthlyMonthlyMonthly
Underlying indexNASDAQ 100NASDAQ 100NASDAQ 100NASDAQ 100
ObjectiveSeeks 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 CallSeeks to generate high monthly income in a tax efficient manner while targeting equity appreciation.Designed to deliver current yield while maintaining prospects for capital appreciation and total return.
Asset classEquityEquityEquityEquity
Inception date10/24/202305/03/202201/29/202403/19/2026
Beta1.09640.781.0553—
Last dividend$0.5191$0.6366$0.6570$0.5230
Ex-dividend date07/01/202607/01/202606/16/202607/01/2026

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

GPIQ tops the group on trailing twelve-month total return at 29.03%, with JEPQ at 22.62% and QQQI at 24.14%. Figures are total returns: price change plus every distribution reinvested.

SymbolYTDSince Mar 2026Volatility Sharpe Sortino Max drawdown
GPIQ15.75%17.46%21.1%2.313.41-5.9%
JEPQ8.59%9.41%17.3%1.472.12-5.2%
QQQI12.10%14.32%19.9%2.012.93-6.1%
ROCQ15.54%15.54%19.8%2.203.21-5.7%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 9, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Mar 2026” measures every fund from March 19, 2026 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Mar 2026. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the shared window since Mar 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

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), ROCQ (JPMorgan Nasdaq Equity Premium Yield ETF) are dividend ETFs that take different approaches.

QQQI offers the highest reported yield at 14.04%, followed by JEPQ at 12.68%, ROCQ at 11.10%, GPIQ at 10.75%.

GPIQ is the cheapest with an expense ratio of 0.29%, compared to 0.35% for JEPQ and 0.35% for ROCQ and 0.68% for QQQI.

JEPQ has the most assets at $39.0B, but ROCQ only launched recently — AUM comparisons will become more meaningful as they build a track record.

Deep dive

Yield & income

On a $10,000 investment: GPIQ generates ~$89.58/month, JEPQ generates ~$105.67/month, QQQI generates ~$117.00/month, ROCQ generates ~$92.50/month at current distribution rates.

GPIQ yield10.75%
JEPQ yield12.68%
QQQI yield14.04%
ROCQ yield11.10%

Cost & efficiency

Over 10 years on $10,000: GPIQ costs ~$290, JEPQ costs ~$350, QQQI costs ~$680, ROCQ costs ~$350 in fees (simplified, not compounded).

GPIQ ER0.29%
JEPQ ER0.35%
QQQI ER0.68%
ROCQ ER0.35%

Strategy & risk

All of these funds wrap NASDAQ 100 with options-based income strategies (GPIQ: nasdaq100, JEPQ: covered call, QQQI: options, ROCQ: covered call). The differences are yield target, fee, and issuer — not the underlying mechanic.

GPIQ beta1.0964
JEPQ beta0.78
QQQI beta1.0553
ROCQ beta—

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. ROCQ is managed by JPMorgan (launched 03/19/2026) with $377M in assets.

GPIQ AUM$4.62B
JEPQ AUM$39.0B
QQQI AUM$12.5B
ROCQ AUM$377M
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Frequently asked questions

Which of GPIQ, JEPQ, QQQI, and ROCQ 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, and ROCQ?

All of these funds track NASDAQ 100 with options-based income strategies — the individual labels (GPIQ: nasdaq100, JEPQ: covered call, QQQI: options, ROCQ: covered call) describe closely related mechanics (covered calls are a specific type of options strategy). The real differences are yield target (GPIQ 10.75%, JEPQ 12.68%, QQQI 14.04%, ROCQ 11.10%), expense ratio, and issuer.

Can I hold GPIQ, JEPQ, QQQI, and ROCQ 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, and ROCQ?

GPIQ has an expense ratio of 0.29%, JEPQ has an expense ratio of 0.35%, QQQI has an expense ratio of 0.68%, ROCQ has an expense ratio of 0.35%. 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 ~$89.58/month ($1,075.00/year). $10,000 in JEPQ yields ~$105.67/month ($1,268.00/year). $10,000 in QQQI yields ~$117.00/month ($1,404.00/year). $10,000 in ROCQ yields ~$92.50/month ($1,110.00/year).

More comparisons to explore

GPIQ vs JEPQ vs QQQI vs ROCQ — at a glance

Generated July 2026 from current fund data.

Overview

These four ETFs all use covered call strategies on Nasdaq-100 stocks to generate monthly income while maintaining some equity upside. The key distinction is their yield target: QQQI shoots for maximum income at 14.24% distribution, JEPQ balances yield (12.86%) with a lower 0.77 beta, GPIQ sits in the middle at 10.90% with full market beta, and ROCQ pairs a 11.27% yield with minimal reported volatility. All four launched between May 2022 and March 2026, making them relatively young strategies.

How they differ

QQQI pursues the highest distribution rate at 14.24%, accepting the steepest expense ratio (0.68%) and a shorter track record (inception January 2024) to capture maximum monthly income. JEPQ has become the liquidity leader at $39.0B in AUM and offers the lowest beta (0.77), suggesting a more dampened ride in equity swings—a structural choice likely reflecting tighter call strikes. GPIQ and ROCQ occupy the middle ground on yield (10.90% and 11.27% respectively), but GPIQ has 14x larger AUM ($4.62B vs. $316M) and carries full market beta (1.0964), while ROCQ reports 0.0 beta—an unusual figure that warrants scrutiny given its covered-call structure. All charge between 0.29% and 0.68% annually, with GPIQ's 0.29% expense ratio the lowest.

Who each is best for

GPIQ: Fits investors seeking substantial current income (10.90%) with a straightforward equity beta approximating the broad Nasdaq-100, paired with a low expense ratio and established AUM base.

JEPQ: Designed for those prioritizing volatility damping (0.77 beta) alongside double-digit yield (12.86%) and willing to trade some capital upside for a smoother compounding path; JPMorgan's $39.0B scale offers deep liquidity.

QQQI: Targets income-focused allocators who accept higher expenses and shorter history for the highest yield available (14.24%) and are comfortable with tax-efficiency framing.

ROCQ: Fits investors seeking mid-range income (11.27%) with the appeal of minimal volatility signals, though the $316M AUM and 0.0 beta reporting suggest this is an emerging fund with structural details still settling.

Key risks to know

  • NAV erosion at high distribution yields. QQQI's 14.24% distribution and JEPQ's 12.86% both exceed typical equity total returns; these strategies likely rely on steady return-of-capital treatment, which can gradually erode the fund's per-share value over time.
  • Call-strike capture risk and capped upside. All four funds sell calls to generate income, meaning they forfeit outsized gains if Nasdaq-100 stocks rally sharply. A steep market advance could leave call-capped shares significantly trailing the unhedged benchmark.
  • Beta and volatility mismatch. JEPQ's reported 0.77 beta and ROCQ's 0.0 beta suggest tighter call strikes and possibly dynamic hedging; these structures may underperform in sustained bull markets or deliver negative returns in sharp corrections if the option payoff structure misprices tail risk.
  • Concentration in mega-cap tech. All track the Nasdaq-100, which holds heavy weightings in a handful of mega-cap technology and AI-adjacent names; a sector retracement could affect all four simultaneously.
  • Young track records and structural uncertainty. QQQI (inception January 2024) and ROCQ (inception March 2026) have limited real-market history; ROCQ's 0.0 beta reporting in particular raises questions about how the fund's call strategy will behave during market stress.

Bottom line

If you prioritize the lowest expense ratio and full market exposure, GPIQ stands out at 0.29% fees and 1.0964 beta; if you want the deepest liquidity and a lower-volatility ride, JEPQ's $39.0B scale and 0.77 beta offer a more proven path. If you're chasing maximum yield and comfortable with a newer fund, QQQI delivers 14.24%; if you suspect that level is unsustainable, GPIQ or ROCQ offer modestly lower distributions with similar structures. Past performance does not predict future results, and covered-call income depends on continued option premiums and potential return-of-capital treatment.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

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