A head-to-head comparison of Goldman Sachs S&P 500 Core Premium Income ETF and JPMorgan Nasdaq Equity Premium Income ETF covering yield, cost, risk, and income potential.
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 GPIX.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
JPMorgan operates a diverse ETF lineup of 46 funds spanning bond, equity, factor, income, index, international, money market, municipal, and sector strategies, establishing itself as a broad-based player across multiple asset classes and investment approaches. The issuer is particularly known for its income-focused offerings, including popular tickers like JEPI (Equity Premium Income) and JEPQ (Equity Premium Income ETF), which employ covered call and options strategies to generate distributions. JPMorgan's portfolio ranges from core index and fixed income funds to specialized sector and international equity ETFs, positioning the firm to serve both income-seeking and growth-oriented investors across diversified markets.
See our curated list of related YouTube videos on JEPQ.
Seeks current income while maintaining prospects for capital appreciation by investing at least 80% of net assets in companies included in the S&P 500 and selling call options with exposure to the benchmark.
Covered Call
Asset class
Equity
Equity
Inception date
10/24/2023
05/03/2022
Beta
0.8543
0.78
Last dividend
$0.3937
$0.6366
Ex-dividend date
07/01/2026
07/01/2026
Bottom lineChoose GPIX if you are comfortable trading away most upside for a large, steady payout. Choose JEPQ if you want to maximize current income — roughly 12.69%, generated by selling options premium.
Most used
Income calculator
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
GPIX (Goldman Sachs S&P 500 Core Premium Income ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both monthly-pay dividend ETFs, but they take different approaches.
JEPQ offers the higher yield at 12.69% vs 8.51% for GPIX. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
GPIX is cheaper with an expense ratio of 0.29% compared to 0.35%.
They track different benchmarks: GPIX is linked to SPX while JEPQ tracks NASDAQ 100, which means their performance drivers differ.
JEPQ is the larger fund by assets ($39.0B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose GPIX
Goldman Sachs S&P 500 Core Premium Income ETF
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Want to keep costs low — a 0.29% expense ratio vs 0.35% for JEPQ.
Choose JEPQ
JPMorgan Nasdaq Equity Premium Income ETF
Want to maximize current income — JEPQ distributes roughly 12.69% from selling options premium, vs 8.51% for GPIX.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
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, GPIX would generate roughly $70.92/month, while JEPQ would produce $105.75/month, at current distribution rates. Both pay monthly distributions.
GPIX yield8.51%
JEPQ yield12.69%
Monthly diff on $10K$34.83
Cost & efficiency
Over 10 years on $10,000, GPIX would cost approximately $290 in fees vs $350 for JEPQ (simplified, not compounded). The $60.00 difference may be offset by yield or performance.
GPIX ER0.29%
JEPQ ER0.35%
Strategy & risk
GPIX tracks SPX with a covered call approach, while JEPQ tracks NASDAQ 100 with a covered call approach. Beta is 0.8543 for GPIX and 0.78 for JEPQ, indicating JEPQ is less volatile relative to the market.
GPIX beta0.8543
JEPQ beta0.78
Fund details
GPIX is managed by Goldman Sachs (launched 10/24/2023) with $4.40B in assets. JEPQ is managed by JPMorgan (launched 05/03/2022) with $39.0B in assets.
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Frequently asked questions
Is GPIX or JEPQ better for dividend income?
It depends on your goals. JEPQ 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 GPIX and JEPQ?
GPIX (Goldman Sachs S&P 500 Core Premium Income ETF) tracks SPX with a covered call approach, while JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) tracks NASDAQ 100 with a covered call approach. They are issued by Goldman Sachs and JPMorgan respectively.
Can I hold both GPIX and JEPQ?
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, GPIX or JEPQ?
GPIX has an expense ratio of 0.29% while JEPQ charges 0.35%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in GPIX vs JEPQ generate?
At current rates, $10,000 in GPIX would generate roughly $70.92 per month ($851.00 annually). The same in JEPQ would produce about $105.75 per month ($1,269.00 annually).
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