GPIX vs QQQI vs SPYI: Which Is the Better Pick in 2026?
A side-by-side comparison of Goldman Sachs S&P 500 Core Premium Income ETF, NEOS Nasdaq-100 High Income ETF and NEOS S&P 500 High 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.
NEOS is known for developing specialized income-focused ETFs that employ strategies like covered calls, hedging, and enhanced yields across various asset classes. The firm manages 19 funds organized into nine distinct families, including offerings in equity high income, fixed income enhancement, digital assets, and alternative strategies, with popular tickers like SPYI (S&P 500 covered call), QQQI (Nasdaq-100 covered call), and QQQH (Nasdaq-100 hedged equity income). NEOS distinguishes itself in the ETF landscape through its emphasis on income generation and downside protection strategies rather than traditional growth approaches.
See our curated list of related YouTube videos on QQQI and SPYI.
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.
Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation.
Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation.
Asset class
Equity
Equity
Equity
Inception date
10/24/2023
01/29/2024
08/29/2022
Beta
0.8543
1.0553
0.7
Last dividend
$0.3937
$0.6570
$0.5310
Ex-dividend date
07/01/2026
06/16/2026
06/16/2026
Most used
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
QQQI tops the group on trailing twelve-month total return at 23.86%, with GPIX at 19.87% and SPYI at 19.35%. 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 July 10, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jan 2024” measures every fund from January 30, 2024 — 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
GPIX (Goldman Sachs S&P 500 Core Premium Income ETF), QQQI (NEOS Nasdaq-100 High Income ETF), SPYI (NEOS S&P 500 High Income ETF) are dividend ETFs that take different approaches.
QQQI offers the highest reported yield at 13.99%, followed by SPYI at 11.87%, GPIX at 8.48%.
GPIX is the cheapest with an expense ratio of 0.29%, compared to 0.68% for QQQI and 0.68% for SPYI.
QQQI is the largest fund by assets ($12.5B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment: GPIX generates ~$70.67/month, QQQI generates ~$116.58/month, SPYI generates ~$98.92/month at current distribution rates.
GPIX yield8.48%
QQQI yield13.99%
SPYI yield11.87%
Cost & efficiency
Over 10 years on $10,000: GPIX costs ~$290, QQQI costs ~$680, SPYI costs ~$680 in fees (simplified, not compounded).
GPIX ER0.29%
QQQI ER0.68%
SPYI ER0.68%
Strategy & risk
GPIX tracks SPX with a covered call approach; QQQI tracks NASDAQ 100 with an options approach; SPYI tracks S&P 500 Index with an options approach.
GPIX beta0.8543
QQQI beta1.0553
SPYI beta0.7
Fund details
GPIX is managed by Goldman Sachs (launched 10/24/2023) with $4.40B in assets. QQQI is managed by NEOS (launched 01/29/2024) with $12.5B in assets. SPYI is managed by NEOS (launched 08/29/2022) with $10.5B in assets.
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Frequently asked questions
Which of GPIX, QQQI, SPYI is best for dividend income?
It depends on your goals. QQQI currently offers the highest reported distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility, and funds without an established distribution history have no comparable yield to evaluate. Consider your time horizon and risk tolerance.
What is the difference between GPIX, QQQI, SPYI?
GPIX (Goldman Sachs S&P 500 Core Premium Income ETF) tracks SPX with a covered call approach, issued by Goldman Sachs. QQQI (NEOS Nasdaq-100 High Income ETF) tracks NASDAQ 100 with an options approach, issued by NEOS. SPYI (NEOS S&P 500 High Income ETF) tracks S&P 500 Index with an options approach, issued by NEOS.
Can I hold GPIX, QQQI, SPYI together?
Yes — nothing prevents holding them together. 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 the lowest fees among GPIX, QQQI, SPYI?
GPIX has an expense ratio of 0.29%, QQQI has an expense ratio of 0.68%, SPYI has an expense ratio of 0.68%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 generate in each?
$10,000 in GPIX yields ~$70.67/month ($848.00/year). $10,000 in QQQI yields ~$116.58/month ($1,399.00/year). $10,000 in SPYI yields ~$98.92/month ($1,187.00/year).
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