ETF Comparison

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

A head-to-head comparison of Goldman Sachs Nasdaq-100 Core Premium Income ETF and JPMorgan Nasdaq Equity Premium Yield ETF covering yield, cost, risk, and income potential.

Data updated May 24, 2026

Goldman Sachs

ETFs2

Total AUM$7.6B

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

Goldman Sachs operates a focused ETF lineup of two income-focused funds designed to provide dividend and yield-generating strategies for investors. The fund family includes GPIQ and GPIX, which concentrate on delivering regular income distributions through their respective investment approaches. With a specialized niche in the income ETF space, Goldman Sachs maintains a streamlined portfolio that emphasizes yield-oriented strategies.

See our curated list of related YouTube videos on GPIQ.

See all Goldman Sachs ETFs

JPMorgan

ETFs8

Total AUM$109.1B

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

JPMorgan offers a focused lineup of two income-focused ETFs designed to generate current yield through option-writing strategies. The firm's ETF portfolio centers on equity income products, with JEPI (Equity Premium Income ETF) and JEPQ (Nasdaq-100 Equity Premium Income ETF) serving as its flagship offerings that employ covered call strategies on U.S. equities. These funds represent JPMorgan's specialization in systematic income generation for investors seeking regular distributions alongside equity exposure.

See our curated list of related YouTube videos on ROCQ.

See all JPMorgan ETFs

Side-by-side snapshot

	GPIQ	ROCQ
Full name	Goldman Sachs Nasdaq-100 Core Premium Income ETF	JPMorgan Nasdaq Equity Premium Yield ETF
Issuer	Goldman Sachs	JPMorgan
Last Close	$57.88 as of May 24, 2026	$56.45 as of May 24, 2026
Distribution yield	9.53%	14.18%
Expense ratio	0.29%	0.35%
AUM	$3.9B	$154M
Distribution frequency	Monthly	Monthly
Underlying index	NASDAQ 100	NASDAQ 100
Objective	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.	Designed to deliver current yield while maintaining prospects for capital appreciation and total return.
Asset class	Equity	Equity
Inception date	03/20/2024	03/19/2026
Last dividend	$0.48	$0.67
Ex-dividend date	05/01/2026	05/01/2026

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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.

Quick verdict

GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and ROCQ (JPMorgan Nasdaq Equity Premium Yield ETF) are both monthly-pay dividend ETFs, but they take different approaches.

ROCQ offers the higher yield at 14.18% vs 9.53% 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 0.35%.

GPIQ has $3.9B in assets vs $154M for ROCQ, but ROCQ only launched March 2026 — AUM comparisons will become more meaningful as it builds a track record.

Deep dive

Yield & income

On a $10,000 investment, GPIQ would generate roughly $79.42/month, while ROCQ would produce $118.17/month, at current distribution rates. Both pay monthly distributions.

GPIQ yield9.53%

ROCQ yield14.18%

Monthly diff on $10K$38.75

Cost & efficiency

Over 10 years on $10,000, GPIQ would cost approximately $290 in fees vs $350 for ROCQ (simplified, not compounded). The $60.00 difference may be offset by yield or performance.

GPIQ ER0.29%

ROCQ ER0.35%

Strategy & risk

Both GPIQ and ROCQ wrap NASDAQ 100 with options-based income overlays (nasdaq100 and covered call). The practical differences are yield target, fee structure, and issuer track record — not the underlying mechanic.

Fund details

GPIQ is managed by Goldman Sachs (launched 03/20/2024) with $3.9B in assets. ROCQ is managed by JPMorgan (launched 03/19/2026) with $154M in assets.

GPIQ AUM$3.9B

ROCQ AUM$154M

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Frequently asked questions

Is GPIQ or ROCQ better for dividend income?

It depends on your goals. ROCQ 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 ROCQ?

Both GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and ROCQ (JPMorgan Nasdaq Equity Premium Yield ETF) track NASDAQ 100 with options-based income strategies — the labels "nasdaq100" and "covered call" describe closely related mechanics (covered calls are a specific type of options strategy). The real differences show up in yield target (9.53% vs 14.18%), expense ratio (0.29% vs 0.35%), and issuer (Goldman Sachs vs JPMorgan).

Can I hold both GPIQ and ROCQ?

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.

Which has lower fees, GPIQ or ROCQ?

GPIQ has an expense ratio of 0.29% while ROCQ charges 0.35%. Lower fees mean more of your investment returns stay in your pocket over time.

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

At current rates, $10,000 in GPIQ would generate roughly $79.42 per month ($953.00 annually). The same in ROCQ would produce about $118.17 per month ($1,418.00 annually).

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GPIQ vs ROCQ — at a glance

Generated May 2026 from current fund data.

Overview

Both GPIQ and ROCQ are options-overlay ETFs tracking the Nasdaq-100, selling call options to generate monthly income on top of their equity holdings. The critical difference: ROCQ targets a 14.18% distribution yield versus GPIQ's 9.53%, achieved through a more aggressive call-selling strategy. GPIQ has $3.9 billion in assets and launched in March 2024; ROCQ is newer (March 2026) and substantially smaller at $154 million.

How they differ

The headline distinction is yield. ROCQ's 14.18% distribution rate is roughly 470 basis points higher than GPIQ's 9.53%. That gap reflects how aggressively each fund sells call options—ROCQ is capturing more premium, which means tighter caps on upside and higher risk of assignment. Both charge minimal expense ratios (GPIQ at 0.29%, ROCQ at 0.35%), so the fee difference is negligible. The real tradeoff is asset base: GPIQ's $3.9 billion AUM offers deeper liquidity and a track record now approaching twelve months, while ROCQ's $154 million is thinly traded and brand-new, making it a riskier choice for large positions or tactical exits.

Who each is best for

GPIQ: Investors seeking meaningful monthly income (9.5%+) without extreme cap risk, who value liquidity and the reassurance of a Goldman Sachs fund with nearly a year of live performance history.

ROCQ: Experienced options traders or income specialists willing to accept aggressive call-capping and illiquidity in exchange for maximum current yield, and who can stomach NAV swings in a very small fund.

Key risks to know

NAV erosion at extreme yields. ROCQ's 14.18% distribution rate likely includes substantial return of capital; at that level, the fund is likely paying out more than underlying Nasdaq-100 total return can support, risking gradual principal decay over multi-year periods.

Call assignment and upside sacrifice. Both funds cap gains when the Nasdaq-100 rallies past their strike prices. ROCQ's tighter yield-chasing strikes mean it forgoes significantly more upside—a costly miss in prolonged bull markets.

Concentration and single-index risk. Both track only the Nasdaq-100, concentrating exposure to mega-cap tech and a handful of "Magnificent 7" stocks. A sharp correction in that cohort hits both funds identically.

Illiquidity and widening spreads in ROCQ. At $154 million AUM, ROCQ's bid-ask spread is likely to widen during market stress, making it difficult to exit large positions without slippage.

IPO recency and limited performance data for ROCQ. Launched in March 2026, ROCQ has no meaningful track record through a market cycle; unforeseen redemptions or market dislocations could strain its option-selling model.

Bottom line

If you prioritize stable monthly income with respectable scale and proven execution, GPIQ offers a balanced yield (9.53%) paired with deep liquidity and an established operational foundation. If you're chasing maximum current yield and accept the tradeoff of capped upside, illiquidity, and probable return-of-capital, ROCQ delivers—but its newness and tiny asset base make it a speculative play. Past performance does not guarantee future results.

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