GPIQ vs SCHG: Growth-Stock Income or Index Exposure?
GPIQ combines Nasdaq-100-oriented equities with dynamically managed index-call writing. SCHG tracks the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. These are different stock universes as well as different income strategies; shared large-growth holdings can create substantial overlap.
Data updated September 22, 2026
Best for
GPIQInvestors who want option income from Nasdaq-oriented equity exposure.
SCHGInvestors who want indexed large-cap growth exposure without a call-income mandate.
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.
GPIQ has outpaced SCHG over the trailing twelve months, posting a 23.46% total return against 13.30%. Measured from Oct 2023 — the start of shared available history — SCHG has compounded at 29.03% a year versus 27.66% 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 22, 2026. YTD and 1Y are cumulative; windows of one year or longer are annualized. “Since Oct 2023” measures every fund from October 26, 2023 — 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 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.
Bottom lineChoose GPIQ if you want option income from Nasdaq-oriented equity exposure. Choose SCHG if you want indexed large-cap growth exposure without a call-income mandate. Compare net total returns over matching dates, distribution sources, and current holdings. A distribution rate is not a return forecast, and tax return of capital alone does not establish economic loss. Payments and prices can fall.
An active call overlay versus a growth-stock index
GPIQ combines Nasdaq-100-oriented equities with dynamically managed index-call writing. SCHG tracks the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. These are different stock universes as well as different income strategies; shared large-growth holdings can create substantial overlap.
GPIQ
SCHG
Approach
Nasdaq-oriented equities and dynamic index calls
U.S. large-cap growth index
Risk review
Growth concentration, equity losses, and option tradeoffs
Growth-style, valuation, and stock/sector concentration
Expense ratio
0.29%
0.04%
Portfolio fit
Review combined holdings and weights
Review combined holdings and weights
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 generates 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.
Schwab is a major provider of low-cost, broad-based ETFs known for making investing accessible to individual investors through its discount brokerage platform. The issuer's fund lineup spans multiple categories including core index funds, dividend and income-focused strategies, factor-based approaches, international exposure, fixed income, and digital assets, with popular core holdings like SCHB (U.S. broad market) and SCHD (dividend appreciation) alongside more specialized thematic offerings. Schwab's ETF suite is characterized by its breadth across asset classes and investment styles, competitive expense ratios, and integration with its retail brokerage ecosystem.
See our curated list of related YouTube videos on SCHG.
GPIQ (Goldman Sachs Nasdaq-100 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 10.22% vs 0.37% 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 have different reference exposures: GPIQ is linked to Nasdaq-100 while SCHG is linked to Dow Jones U.S. Large-Cap Growth Total Stock Market Index, which means their performance drivers differ.
SCHG is the larger fund by assets ($64.3B), but assets alone do not establish trading costs or liquidity.
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On a $10,000 investment, GPIQ would generate roughly $85.17 cash per distribution, while SCHG would produce $9.25 cash per distribution, at current distribution rates.
GPIQ yield10.22%
SCHG yield0.37%
Cash diff on $10K$75.92
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 combines Nasdaq-100-oriented equities with dynamically managed index-call writing. SCHG tracks the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. These are different stock universes as well as different income strategies; shared large-growth holdings can create substantial overlap. Beta describes historical benchmark sensitivity, not guaranteed downside protection.
GPIQ beta1.0964
SCHG beta1.22
Fund details
GPIQ is managed by Goldman Sachs (launched 10/24/2023) with $5.84B in assets. SCHG is managed by Schwab (launched 12/11/2009) with $64.3B in assets.
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Frequently asked questions
Does GPIQ's payout above stock dividend yields prove NAV erosion?
No. An option-income distribution has different sources from stock dividends. Review net total return, NAV history, and tax notices together. Return of capital is a tax classification, not proof of economic loss. Call writing can limit gains while leaving substantial equity downside.
How should I compare risk and ownership costs?
Use matching dates and definitions for returns, distributions, and fees. Beta describes historical benchmark sensitivity, not guaranteed downside protection. Check current bid-ask spreads and premiums or discounts; AUM alone does not determine the price available for your order.
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