ETF Comparison
GPIQ vs TDAQ: Which Is the Better Pick in 2026?
A head-to-head comparison of Goldman Sachs Nasdaq-100 Core Premium Income ETF and Innovation 100 Growth & Daily covering yield, cost, risk, and income potential.
Data updated April 9, 2026
Side-by-side snapshot
| GPIQ | TDAQ | |
|---|---|---|
| Full name | Goldman Sachs Nasdaq-100 Core Premium Income ETF | Innovation 100 Growth & Daily |
| Issuer | Goldman Sachs | TappAlpha |
| Price | $49.94 | $24.01 |
| Distribution yield | 10.68% | 17.28% |
| Expense ratio | 0.29% | 0.68% |
| AUM | $3.1B | $125M |
| Distribution frequency | Monthly | Monthly |
| Underlying index | NASDAQ 100 | Invesco QQQ Trust (QQQ) |
| 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. | The TappAlpha Innovation 100 Growth & Daily Income ETF (the "Fund") seeks current income while maintaining prospects for capital appreciation. The Fund’s secondary investment objective is to seek exposure to the performance of the Invesco QQQ Trust, Series 1 ("QQQ"), subject to a limit on potential investment gains. |
| Asset class | Equity | Equity |
| Inception date | 03/20/2024 | 09/04/2025 |
| Beta | 0.0 | 0.0 |
| Last dividend | $0.43 | $0.35 |
| Ex-dividend date | 04/01/2026 | 03/17/2026 |
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 TDAQ (Innovation 100 Growth & Daily) are both popular monthly-pay 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. ETFs, but they take different approaches.
TDAQ offers the higher yield at 17.28% vs 10.68% 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 0.68%.
They track different benchmarks: GPIQ is linked to NASDAQ 100 while TDAQ tracks Invesco QQQ Trust (QQQ), which means their performance drivers differ.
GPIQ is the larger fund by assets ($3.1B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, GPIQ would generate roughly $89.00/month while TDAQ would produce $144.00/month at current distribution rates. Both pay monthly distributions.
Cost & efficiency
Over 10 years on $10,000, GPIQ would cost approximately $290 in fees vs $680 for TDAQ (simplified, not compounded). The $390.00 difference may be offset by yield or performance.
Strategy & risk
GPIQ tracks NASDAQ 100 with a 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. approach, while TDAQ tracks Invesco QQQ Trust (QQQ) using a the tappalpha innovation 100 growth & daily income etf (the "fund") seeks current income while maintaining prospects for capital appreciation. the fund’s secondary investment objective is to seek exposure to the performance of the invesco qqq trust, series 1 ("qqq"), subject to a limit on potential investment gains. strategy. Beta is 0.0 for GPIQ and 0.0 for TDAQ, indicating TDAQ is less volatile relative to the market.
Fund details
GPIQ is managed by Goldman Sachs (launched 03/20/2024) with $3.1B in assets. TDAQ is managed by TappAlpha (launched 09/04/2025) with $125M in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is GPIQ or TDAQ better for dividend income?
It depends on your goals. TDAQ 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 TDAQ?
GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) tracks NASDAQ 100 with a 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. strategy, while TDAQ (Innovation 100 Growth & Daily) tracks Invesco QQQ Trust (QQQ) with a the tappalpha innovation 100 growth & daily income etf (the "fund") seeks current income while maintaining prospects for capital appreciation. the fund’s secondary investment objective is to seek exposure to the performance of the invesco qqq trust, series 1 ("qqq"), subject to a limit on potential investment gains. approach. They are issued by Goldman Sachs and TappAlpha respectively.
Can I hold both GPIQ and TDAQ?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, GPIQ or TDAQ?
GPIQ has an expense ratio of 0.29% while TDAQ charges 0.68%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in GPIQ vs TDAQ generate?
At current yields, $10,000 in GPIQ would generate roughly $89.00 per month ($1,068.00 annually). The same in TDAQ would produce about $144.00 per month ($1,728.00 annually).
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