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ETF Comparison

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

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

Data updated July 15, 2026

Goldman Sachs
ETFs48
Total AUM$64.7B

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
Schwab
ETFs34
Total AUM$574B

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

Schwab is known for offering low-cost, broad-based ETFs that serve both core portfolio holdings and specialized investment strategies. Their 33-fund lineup spans multiple asset classes including bonds, equities, international markets, digital assets, and factor-based strategies, with a notable emphasis on dividend-focused funds like SCHD alongside core index options. The issuer emphasizes accessibility for individual investors through competitive expense ratios and a diverse range of fund families designed to support various investment objectives.

See our curated list of related YouTube videos on SCHD.

See all Schwab ETFs

Side-by-side snapshot

GPIQSCHD
Full nameGoldman Sachs Nasdaq-100 Core Premium Income ETFSchwab U.S. Dividend Equity ETF
IssuerGoldman SachsSchwab
Last Close$57.75 as of July 15, 2026$32.20 as of July 15, 2026
Distribution yield10.79%3.14%
Distribution Safety Score 84100
Expense ratio0.29%0.06%
AUM$4.62B$95.2B
Distribution frequencyMonthlyQuarterly
Underlying indexNASDAQ 100Dow Jones U.S. Dividend 100 Index
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 to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100 Index, which measures the performance of high dividend yielding stocks issued by U.S. companies with a record of consistently paying dividends, selected for fundamental strength relative to their peers based on financial ratios.
Asset classEquityEquity
Inception date10/24/202310/20/2011
Beta1.09640.58
Last dividend$0.5191$0.2525
Ex-dividend date07/01/202606/24/2026

Bottom lineChoose GPIQ if you want to maximize current income — roughly 10.79%, generated by selling options premium. Choose SCHD if you want a quality-dividend tilt rather than the whole market. There's no free lunch: GPIQ's payout comes from selling options, which caps upside and can erode the share price over time, while SCHD keeps full price exposure.

Income calculator

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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 SCHD (Schwab U.S. Dividend Equity ETF) are both dividend ETFs, but they take different approaches.

GPIQ offers the higher yield at 10.79% vs 3.14% for SCHD. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

SCHD is cheaper with an expense ratio of 0.06% compared to 0.29%.

They track different benchmarks: GPIQ is linked to NASDAQ 100 while SCHD tracks Dow Jones U.S. Dividend 100 Index, which means their performance drivers differ.

SCHD is the larger fund by assets ($95.2B), which generally means tighter spreads and better liquidity.

Who should choose each?

Choose GPIQ

Goldman Sachs Nasdaq-100 Core Premium Income ETF

  • Want to maximize current income — GPIQ distributes roughly 10.79% from selling options premium, vs 3.14% for SCHD.
  • Are comfortable with an options-income strategy — a large payout in exchange for capped upside.

Choose SCHD

Schwab U.S. Dividend Equity ETF

  • Want a quality-dividend tilt — screened payers rather than the broad index.
  • Want to keep costs low — a 0.06% expense ratio vs 0.29% for GPIQ.
  • Prefer lower volatility — a beta of 0.6 vs 1.1 for GPIQ.

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 $89.92/month, while SCHD would produce $26.17/month, at current distribution rates.

GPIQ yield10.79%
SCHD yield3.14%
Monthly diff on $10K$63.75

Cost & efficiency

Over 10 years on $10,000, GPIQ would cost approximately $290 in fees vs $60 for SCHD (simplified, not compounded). The $230.00 difference may be offset by yield or performance.

GPIQ ER0.29%
SCHD ER0.06%

Strategy & risk

GPIQ tracks NASDAQ 100 with a covered call approach, while SCHD tracks Dow Jones U.S. Dividend 100 Index. Beta is 1.0964 for GPIQ and 0.58 for SCHD, indicating SCHD is less volatile relative to the market.

GPIQ beta1.0964
SCHD beta0.58

Fund details

GPIQ is managed by Goldman Sachs (launched 10/24/2023) with $4.62B in assets. SCHD is managed by Schwab (launched 10/20/2011) with $95.2B in assets.

GPIQ AUM$4.62B
SCHD AUM$95.2B
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Frequently asked questions

Is GPIQ or SCHD better for dividend income?

It depends on your goals. GPIQ 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 SCHD?

GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) tracks NASDAQ 100 with a covered call approach, while SCHD (Schwab U.S. Dividend Equity ETF) tracks Dow Jones U.S. Dividend 100 Index. They are issued by Goldman Sachs and Schwab respectively.

Can I hold both GPIQ and SCHD?

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.

Which has lower fees, GPIQ or SCHD?

GPIQ has an expense ratio of 0.29% while SCHD charges 0.06%. Lower fees mean more of your investment returns stay in your pocket over time.

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

At current rates, $10,000 in GPIQ would generate roughly $89.92 per month ($1,079.00 annually). The same in SCHD would produce about $26.17 per month ($314.00 annually).

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