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ETF Comparison

GPIQ vs QDTE: Which Is the Better Pick in 2026?

A head-to-head comparison of Goldman Sachs Nasdaq-100 Core Premium Income ETF and Roundhill Innovation-100 0DTE Covered Call Strategy ETF covering yield, cost, risk, and income potential.

Data updated August 21, 2026

Best for

  • GPIQInvestors who are comfortable trading away most upside for a large, steady payout.
  • QDTEInvestors who want to maximize current income — roughly 50.11%, generated by selling options premium.

Jump to the side-by-side numbers

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 has lagged QDTE over the trailing twelve months, posting a 24.25% total return against 26.11%. Measured from Mar 2024 — when the younger fund began trading — QDTE has compounded at 20.36% a year versus 19.99% for GPIQ. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
SymbolYTD1YSince Mar 2024Volatility Sharpe Sortino Max drawdown
GPIQ14.15%24.25%19.99%17.0%1.021.45-10.2%
QDTE14.13%26.11%20.36%18.1%1.031.44-10.2%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of August 21, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Mar 2024” measures every fund from March 7, 2024 — 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 past year. 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 past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricGPIQQDTE
Full nameGoldman Sachs Nasdaq-100 Core Premium Income ETFRoundhill Innovation-100 0DTE Covered Call Strategy ETF
IssuerGoldman SachsRoundhill Investments
Last Close$56.65 as of August 21, 2026$28.95 as of August 21, 2026
Distribution yield10.30%50.11%
Distribution Safety Score™ 8476
Expense ratio0.29%0.96%
AUM$5.42B$958M
Distribution frequencyMonthlyWeekly
Underlying indexNasdaq-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.Seeks weekly income by investing at least 80% of net assets in instruments that provide exposure to the Nasdaq-100 Index and writing zero-days-to-expiration (0DTE) call options against that exposure.
Asset classEquityEquity
Inception date10/24/202303/07/2024
Beta1.09641.1903
Last dividend$0.4862$0.2790
Ex-dividend date08/03/202608/20/2026

Bottom lineChoose GPIQ if you are comfortable trading away most upside for a large, steady payout. Choose QDTE if you want to maximize current income — roughly 50.11%, generated by selling options premium. There's no free lunch: QDTE's payout comes from selling options, which caps upside and can erode the share price over time, while GPIQ keeps full price exposure.

How the risk works

Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.

  • Capped upside and premium dependence. GPIQ and QDTE generate income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.

Learn the mechanics: Return of capital, explained · NAV erosion, explained

Model this comparison:
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Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

Goldman Sachs
ETFs47
Total AUM$66.5B

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
Roundhill Investments
ETFs55
Total AUM$38.3B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Roundhill Investments is known for offering innovative, specialized ETFs that often feature weekly dividend distributions and exposure to trending themes and individual mega-cap stocks. Their lineup spans income-focused strategies, leveraged products, thematic investments in areas like cryptocurrency and artificial intelligence, and weekly-pay funds that appeal to investors seeking frequent distributions. The issuer has built a distinctive niche with products targeting both traditional income seekers and those interested in emerging sectors, offering a diverse range of tickers that go well beyond conventional dividend vehicles.

See our curated list of related YouTube videos on QDTE.

See all Roundhill Investments ETFs

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Quick verdict

GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both dividend ETFs, but they take different approaches.

QDTE offers the higher yield at 50.11% vs 10.30% for GPIQ. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

GPIQ is cheaper with an expense ratio of 0.29% compared to 0.96%.

GPIQ is the larger fund by assets ($5.42B), which generally means tighter spreads and better liquidity.

Who should choose each?

Choose GPIQ

Goldman Sachs Nasdaq-100 Core Premium Income ETF

  • Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
  • Want to keep costs low — a 0.29% expense ratio vs 0.96% for QDTE.

Choose QDTE

Roundhill Innovation-100 0DTE Covered Call Strategy ETF

  • Want to maximize current income — QDTE distributes roughly 50.11% from selling options premium, vs 10.30% for GPIQ.
  • Are comfortable with an options-income strategy — a large payout in exchange for capped upside.

Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.

Deep dive

Yield & income

On a $10,000 investment, GPIQ would generate roughly $85.83/month, while QDTE would produce $417.58/month, at current distribution rates.

GPIQ yield10.30%
QDTE yield50.11%
Monthly diff on $10K$331.75

Cost & efficiency

Over 10 years on $10,000, GPIQ would cost approximately $290 in fees vs $960 for QDTE (simplified, not compounded). The $670.00 difference may be offset by yield or performance.

GPIQ ER0.29%
QDTE ER0.96%

Strategy & risk

Both GPIQ and QDTE wrap NASDAQ 100 with options-based income overlays (covered call and covered call). The practical differences are yield target, fee structure, and issuer track record — not the underlying mechanic. Beta is 1.0964 for GPIQ and 1.1903 for QDTE, making GPIQ the less volatile of the two by this measure.

GPIQ beta1.0964
QDTE beta1.1903

Fund details

GPIQ is managed by Goldman Sachs (launched 10/24/2023) with $5.42B in assets. QDTE is managed by Roundhill Investments (launched 03/07/2024) with $958M in assets.

GPIQ AUM$5.42B
QDTE AUM$958M
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Frequently asked questions

What is the current distribution yield for GPIQ and QDTE?

GPIQ currently distributes 10.30% and QDTE 50.11%, based on fund data updated August 2026. Distribution yield moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is GPIQ or QDTE better for dividend income?

It depends on your goals. QDTE currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.

What is the difference between GPIQ and QDTE?

Both GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) track NASDAQ 100 with options-based income strategies — the labels "covered call" and "covered call" describe closely related mechanics (covered calls are a specific type of options strategy). The real differences show up in yield target (10.30% vs 50.11%), expense ratio (0.29% vs 0.96%), and issuer (Goldman Sachs vs Roundhill Investments).

Can I hold both GPIQ and QDTE?

You can, but expect significant overlap. Both funds use options-based income strategies on NASDAQ 100, so holding them together gives you two wrappers around effectively the same exposure — not true diversification. Weigh issuer, fee, and yield differences rather than treating them as complementary.

Is GPIQ or QDTE safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — GPIQ scores 84, QDTE scores 76, so GPIQ's payout currently looks the more resilient of the two. No score makes an investment risk-free — treat this as a screening signal, not a guarantee, and the leverage, options-income, or crypto caveats flagged on this page apply regardless of score.

Which has lower fees, GPIQ or QDTE?

GPIQ has an expense ratio of 0.29% while QDTE charges 0.96%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in GPIQ vs QDTE generate?

At current rates, $10,000 in GPIQ would generate roughly $85.83 per month ($1,030.00 annually). The same in QDTE would produce about $417.58 per month ($5,011.00 annually).

Which has performed better historically, GPIQ or QDTE?

GPIQ has lagged QDTE over the trailing twelve months, posting a 24.25% total return against 26.11%. Measured from Mar 2024 — when the younger fund began trading — QDTE has compounded at 20.36% a year versus 19.99% for GPIQ. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

GPIQ vs QDTE — at a glance

Generated August 15, 2026.

Figures quoted in this analysis are from its generation date and may lag the live snapshot table above, which always shows the latest data.

Overview

GPIQ and QDTE are both covered-call ETFs offering income via options strategies on Nasdaq-100 holdings, but they differ fundamentally in frequency and strike mechanics. GPIQ sells standard monthly calls and targets a 10.12% distribution rate, while QDTE writes zero-days-to-expiration (0DTE) calls weekly and distributes at 36.26%—a yield profile that reflects the compounding and realized gains inherent in rolling daily-expiration contracts. Both hold 80%+ in Nasdaq-100 stocks and aim to blend income with capital appreciation, but the frequency and optionality approach set them apart structurally.

How they differ

The biggest distinction is distribution frequency and strike mechanics: QDTE rolls 0DTE calls every trading day and distributes weekly, capturing realized gains from rapid option decay; GPIQ sells standard monthly expirations and pays monthly. This structural difference explains much of the yield gap—QDTE's annualized 36.26% rate reflects weekly compounding and daily realized option premium, not a sustainable monthly withdrawal.

Second, the expense ratios diverge meaningfully. GPIQ charges 0.29%, while QDTE charges 0.95%—a 66-basis-point spread that reflects the operational complexity of daily rolling and weekly distributions. Over time, that cost differential compounds.

Third, beta and AUM signal different risk and liquidity profiles. QDTE's beta of 1.1903 is notably higher than GPIQ's 1.0964, indicating it amplifies Nasdaq-100 moves more sharply—a product of its daily roll mechanics and tighter strike selection. GPIQ's $5.37B in AUM dwarfs QDTE's $966M, translating to wider bid-ask spreads and potentially tighter replication of the Nasdaq-100 in GPIQ.

Who each is best for

GPIQ: Fits investors seeking monthly income and capital appreciation from large-cap tech and growth stocks who accept moderate call-writing cap in exchange for a straightforward, lower-cost structure and ample liquidity.

QDTE: Designed for traders and income-focused investors comfortable with weekly distributions, daily mark-to-market volatility, and higher expense drag in exchange for the income compounding effect of 0DTE rolls—and who view the cap as a cost of that weekly cash flow.

Key risks to know

  • NAV erosion at extreme yields. QDTE's 36.26% annualized distribution rate, paid weekly, will likely erode NAV over time if the underlying Nasdaq-100 does not deliver comparable total return. Monthly data is needed to assess realized NAV drift, but weekly distributions at that magnitude carry material principal risk.
  • 0DTE strike and gap risk (QDTE-specific). Rolling calls daily at or near the money leaves limited cushion for intraday moves and overnight gaps. Assignment or forced rolling at unfavorable levels during volatile market opens is a real operational hazard.
  • Call cap upside asymmetry. Both funds cap capital appreciation by selling calls; QDTE's daily rolls tighten that cap further. In a strong Nasdaq-100 rally, both funds will lag the index, but QDTE's tighter and more frequent strikes magnify that underperformance.
  • Operational and tracking risk. QDTE's $966M AUM and 0.95% expense ratio leave less room for error in option execution and rebalancing. Slippage in daily rolls or tracking inefficiency could erode returns relative to GPIQ's larger, simpler mandate.
  • Amplified Nasdaq concentration. Both funds are fully Nasdaq-100 dependent, so sector concentration in mega-cap tech directly flows through. QDTE's higher beta (1.1903 vs. 1.0964) means it amplifies that concentration risk in drawdowns.

Bottom line

GPIQ offers a lower-friction, lower-yield approach to Nasdaq-100 income via monthly calls and a 10.12% payout; QDTE chases weekly income and compounding through 0DTE rolls at the cost of higher fees and higher distributional volatility. If you want stable monthly income with minimal operational overhead, GPIQ's cost and scale advantage stands out. If you prioritize frequent income and accept daily price swings and NAV drift as the trade-off, QDTE's mechanics are designed for that. Past performance does not predict future results, and both funds' yields depend critically on continued Nasdaq-100 volatility and call-premium viability.

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

Learn the method

The metrics behind this comparison, explained in the Academy.

How covered-call funds work How to read a fund's stats The covered-call opportunity cost

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