A head-to-head comparison of Goldman Sachs Nasdaq-100 Core Premium Income ETF and Schwab U.S. Large-Cap Growth ETF covering yield, cost, risk, and income potential.
Data updated August 5, 2026
Best for
GPIQInvestors who want to maximize current income — roughly 10.26%, generated by selling options premium.
SCHGInvestors who want a growth tilt and can accept bigger swings for higher upside.
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.
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 SCHG.
Dow Jones U.S. Large-Cap Growth Total Stock Market Index
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.
Seeks to track the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, holding the components ranked 1-750 by full market capitalization that are classified as growth.
Asset class
Equity
Equity
Inception date
10/24/2023
12/11/2009
Beta
1.0964
1.21
Last dividend
$0.4862
$0.0340
Ex-dividend date
08/03/2026
06/24/2026
Bottom lineChoose GPIQ if you want to maximize current income — roughly 10.26%, generated by selling options premium. Choose SCHG if you want a growth tilt and can accept bigger swings for higher upside. There's no free lunch: GPIQ's payout comes from selling options, which caps upside and can erode the share price over time, while SCHG keeps full price exposure.
Most used
Income calculator
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
GPIQ has outpaced SCHG over the trailing twelve months, posting a 25.31% total return against 18.23%. Measured from Oct 2023 — when the younger fund began trading — SCHG has compounded at 29.46% a year versus 27.16% for GPIQ. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of August 5, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Oct 2023” measures every fund from October 26, 2023 — 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.
Quick verdict
GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both dividend ETFs, but they take different approaches.
GPIQ offers the higher yield at 10.26% vs 0.38% for SCHG. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SCHG is cheaper with an expense ratio of 0.04% compared to 0.29%.
They track different benchmarks: GPIQ is linked to NASDAQ 100 while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, which means their performance drivers differ.
SCHG is the larger fund by assets ($59.3B), 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 10.26% from selling options premium, vs 0.38% for SCHG.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Choose SCHG
Schwab U.S. Large-Cap Growth ETF
Want a growth tilt and can accept larger swings for more upside.
Want to keep costs low — a 0.04% expense ratio vs 0.29% for GPIQ.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
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On a $10,000 investment, GPIQ would generate roughly $85.50/month, while SCHG would produce $3.17/month, at current distribution rates.
GPIQ yield10.26%
SCHG yield0.38%
Monthly diff on $10K$82.33
Cost & efficiency
Over 10 years on $10,000, GPIQ would cost approximately $290 in fees vs $40 for SCHG (simplified, not compounded). The $250.00 difference may be offset by yield or performance.
GPIQ ER0.29%
SCHG ER0.04%
Strategy & risk
GPIQ tracks NASDAQ 100 with a covered call approach, while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Beta is 1.0964 for GPIQ and 1.21 for SCHG, indicating GPIQ is less volatile relative to the market.
GPIQ beta1.0964
SCHG beta1.21
Fund details
GPIQ is managed by Goldman Sachs (launched 10/24/2023) with $5.13B in assets. SCHG is managed by Schwab (launched 12/11/2009) with $59.3B in assets.
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Frequently asked questions
What is the current distribution yield for GPIQ and SCHG?
GPIQ currently distributes 10.26% and SCHG 0.38%, 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 SCHG 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 SCHG?
GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) tracks NASDAQ 100 with a covered call approach, while SCHG (Schwab U.S. Large-Cap Growth ETF) tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index. They are issued by Goldman Sachs and Schwab respectively.
Can I hold both GPIQ and SCHG?
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 SCHG?
GPIQ has an expense ratio of 0.29% while SCHG charges 0.04%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in GPIQ vs SCHG generate?
At current rates, $10,000 in GPIQ would generate roughly $85.50 per month ($1,026.00 annually). The same in SCHG would produce about $3.17 per month ($38.00 annually).
Which has performed better historically, GPIQ or SCHG?
GPIQ has outpaced SCHG over the trailing twelve months, posting a 25.31% total return against 18.23%. Measured from Oct 2023 — when the younger fund began trading — SCHG has compounded at 29.46% a year versus 27.16% for GPIQ. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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