Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
GPIQ has outpaced QDVO over the trailing twelve months, posting a 23.08% total return against 13.84%. Measured from Aug 2024 — the start of shared available history — GPIQ has compounded at 22.92% a year versus 20.76% for QDVO. QDVO has been the steadier holding, though — annualized volatility of 13.3% against 17.1% 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.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 30, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Aug 2024” measures every fund from August 22, 2024 — the start of shared available history — 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.
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.
Seeks to provide high monthly income with the potential for capital appreciation by investing in quality U.S. dividend-paying equities and writing covered call options on those holdings.
Bottom lineChoose GPIQ if you are comfortable trading away most upside for a large, steady payout. Choose QDVO if you want to maximize current income — roughly 11.18%, generated by selling options premium. GPIQ and QDVO both use option or derivative overlays. Their tradeoff is the underlying exposure, how each option strategy is implemented, and the yield each targets; either overlay can limit upside participation, so neither offers uncapped price exposure.
GPIQ vs QDVO: Nasdaq overlay or growth-and-income?
Different stocks, different overwrite. QDVO is a covered-call book on large-cap growth-and-income names. GPIQ is Nasdaq-100 premium income.
GPIQ
QDVO
What it owns
Nasdaq-100
U.S. large-cap value / dividend equities with a covered call overlay
Issuer
Goldman Sachs
Amplify
Expense ratio
0.29%
0.56%
Distribution rate
10.28%
11.18%
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 QDVO 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.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Goldman Sachs Asset Management is known for offering a comprehensive suite of ETFs spanning traditional and alternative investment strategies across multiple asset classes. The fund lineup encompasses income-focused offerings, factor-based strategies, thematic investments, ESG solutions, international exposure, commodities, bonds, and indexed products, reflecting a broad approach to meeting diverse investor needs. The issuer's portfolio demonstrates significant breadth, with funds serving income investors, factor-based strategists, and those seeking specialized exposure to emerging themes and alternative assets.
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.
Amplify ETFs is known for offering specialized, thematic investment solutions across diverse market segments including digital assets, commodities, and dividend strategies. The issuer's lineup spans multiple fund families covering income-focused strategies, covered call approaches, commodity exposure, and thematic sectors such as cybersecurity, blockchain, gaming, and sustainable investing. Notable for tickers like BLOK (blockchain), HACK (cybersecurity), and DIVO (dividend), Amplify combines traditional income strategies with alternative themes and emerging asset classes, appealing to investors seeking both yield and exposure to innovation-driven sectors.
See our curated list of related YouTube videos on QDVO.
GPIQ (Goldman Sachs Nasdaq-100 Premium Income ETF) and QDVO (Amplify CWP Growth & Income ETF) are both monthly-pay dividend ETFs, but they take different approaches.
QDVO offers the higher yield at 11.18% vs 10.28% 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 0.56%.
They have different reference exposures: GPIQ is linked to Nasdaq-100 while QDVO is linked to U.S. large-cap value / dividend equities with a covered call overlay, which means their performance drivers differ.
GPIQ is the larger fund by assets ($6.12B), but assets alone do not establish trading costs or liquidity.
Who should choose each?
Choose GPIQ
Goldman Sachs Nasdaq-100 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 0.56% for QDVO.
Choose QDVO
Amplify CWP Growth & Income ETF
Want to maximize current income — QDVO distributes roughly 11.18% from selling options premium, vs 10.28% for GPIQ.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Prefer lower volatility — a beta of 0.9 vs 1.1 for GPIQ.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Still deciding? Track GPIQ & QDVO for free
Create a free Dividend Vision account to keep them on a watchlist, get notified when they declare dividends, and see how much income they would add to your portfolio.
On a $10,000 investment, GPIQ would generate roughly $85.67 cash per distribution, while QDVO would produce $93.17 cash per distribution, at current distribution rates. Both pay monthly distributions.
GPIQ yield10.28%
QDVO yield11.18%
Cash diff on $10K$7.50
Cost & efficiency
Over 10 years on $10,000, GPIQ would cost approximately $290 in fees vs $560 for QDVO (simplified, not compounded). The $270.00 difference may be offset by yield or performance.
GPIQ ER0.29%
QDVO ER0.56%
Strategy & risk
GPIQ tracks Nasdaq-100 with a covered call approach, while QDVO tracks U.S. large-cap value / dividend equities with a covered call overlay with an options approach. Beta is 1.0964 for GPIQ and 0.9338 for QDVO, making QDVO the less volatile of the two by this measure.
GPIQ beta1.0964
QDVO beta0.9338
Fund details
GPIQ is managed by Goldman Sachs (launched 10/24/2023) with $6.12B in assets. QDVO is managed by Amplify ETFs (launched 08/21/2024) with $779M in assets.
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Frequently asked questions
What is the difference between QDVO and GPIQ?
They do not sit on the same book. QDVO (Amplify CWP Growth & Income ETF) is Amplify's covered-call growth-and-income fund on U.S. large-cap value / dividend equities with a covered call overlay. GPIQ (Goldman Sachs Nasdaq-100 Premium Income ETF) is Goldman's Nasdaq-100 core premium overlay. Cost is 0.56% versus 0.29%; distributions are 11.18% and 10.28% as of September 2026. Compare the stocks underneath and how much upside is sold, not which yield is larger today.
What is the current distribution rate for GPIQ and QDVO?
GPIQ currently distributes 10.28% and QDVO 11.18%, based on fund data updated September 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.
Is GPIQ or QDVO better for dividend income?
It depends on your goals. QDVO 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.
Can I hold both GPIQ and QDVO?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Is GPIQ or QDVO safer?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — they are effectively tied: GPIQ scores 84, QDVO scores 84. Neither has a clear safety edge on that measure. QDVO has also shown lower price volatility (beta 0.93 vs 1.10 for GPIQ). 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 QDVO?
GPIQ has an expense ratio of 0.29% while QDVO charges 0.56%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in GPIQ vs QDVO generate?
At current rates, $10,000 in GPIQ would generate roughly $85.67 cash per distribution ($1,028.00 annually). The same in QDVO would produce about $93.17 cash per distribution ($1,118.00 annually).
Which has performed better historically, GPIQ or QDVO?
GPIQ has outpaced QDVO over the trailing twelve months, posting a 23.08% total return against 13.84%. Measured from Aug 2024 — the start of shared available history — GPIQ has compounded at 22.92% a year versus 20.76% for QDVO. QDVO has been the steadier holding, though — annualized volatility of 13.3% against 17.1% for GPIQ. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
GPIQ and QDVO are both covered-call equity ETFs that generate high monthly income by holding stocks and systematically selling call options against those positions. GPIQ tracks the Nasdaq-100, tilting toward large-cap growth and tech; QDVO invests in broader U.S. large-cap dividend-paying stocks and applies a value tilt. The key distinction is their underlying equity universe: GPIQ offers tech-heavy growth exposure via options, while QDVO targets established dividend payers across sectors.
How they differ
The biggest structural difference is their equity exposure. GPIQ holds Nasdaq-100 constituents—a concentrated list of mega-cap growth and tech names—while QDVO selects from broader U.S. large-cap dividend equities, introducing more sector and stock diversification. QDVO's distribution rate is 11.18% versus GPIQ's 10.28%, a 44 basis point spread that reflects both the funds' underlying yield sources and call option strike selection. GPIQ has a beta of 1.0964, indicating it amplifies market moves; QDVO's beta of 0.9338 suggests slightly lower systematic volatility. QDVO carries a higher expense ratio at 0.56% compared to GPIQ's 0.29%, and GPIQ's asset base of $6.12B is substantially larger than QDVO's $779M.
Who each is best for
GPIQ: Fits investors seeking concentrated exposure to large-cap tech and growth companies while generating current income through call premium, and who can tolerate higher equity beta and the volatility of Nasdaq-heavy positioning.
QDVO: Designed for investors who want broad U.S. large-cap dividend equity exposure paired with option income, and who prefer lower correlation to the overall market relative to a pure growth benchmark.
Key risks to know
NAV erosion at elevated yields: Both funds distribute over 10% annually. If the underlying equities and call premiums fail to generate equivalent total returns going forward, distributions may increasingly rely on return-of-capital treatment, eroding net asset value over time.
Call option capping risk: Selling calls against holdings caps upside if the underlying stocks rally sharply above strike prices. GPIQ, holding tech-concentrated positions with higher beta, faces a wider range of potential strike levels and faster strike-through scenarios than QDVO. Smaller funds can experience wider bid-ask spreads and less efficient option execution, potentially widening the drag on returns versus the published expense ratio.
Underlying equity concentration:GPIQ's Nasdaq-100 focus concentrates risk in a narrow set of mega-cap names, amplifying sector and issuer-specific volatility. QDVO's dividend-equity base is broader but tilts toward value, which underperforms growth in rising-rate environments or periods of tech outperformance.
Recent inception volatility:QDVO began trading 2 years ago. Limited performance history means dividend sustainability, strike-selection discipline, and realized income consistency remain untested through a full market cycle. If you prefer diversified large-cap dividend holdings and accept a higher fee for call-income generation across a broader equity base, QDVO's value tilt and lower beta deliver a different risk profile. Neither fund's historical income is a guarantee of future payouts; investors should monitor whether distributions remain sustainable as market conditions and option valuations evolve.
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.
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