What is the primary difference in cost between GPIQ and JEPQ?

GPIQ has an expense ratio of 0.29%, which is lower than JEPQ's expense ratio of 0.35%. This means GPIQ costs 0.06 percentage points less to manage annually. While this fee difference seems small, lower expenses can help preserve a slightly larger portion of investor returns over time, all else being equal.

How do GPIQ and JEPQ generate exposure to technology companies?

Both GPIQ and JEPQ are listed as tracking or holding positions in the Nasdaq-100 index. They achieve this exposure by holding shares of leading technology and growth companies such as Apple, Microsoft, and NVIDIA, combined with derivative strategies to generate income.

What do the net assets of GPIQ and JEPQ signify?

Net assets represent the total market value of all the securities held in the funds. JEPQ has $43.0 billion in net assets, making it significantly larger than GPIQ, which has $5.8 billion. A larger fund size may be perceived as offering stronger liquidity, though it does not affect the underlying investment strategy's effectiveness.

Are the top holdings of GPIQ and JEPQ similar?

Yes, the top holdings of both funds exhibit considerable overlap. Nine companies appear in both lists: NVDA, AAPL, MSFT, MU, AMZN, AMD, META, AVGO, and TSLA. This high degree of overlap indicates that both funds maintain a significant focus on the same large-cap technology and growth leaders, reflecting their shared exposure to the Nasdaq-100 constituents.

How do the dividend yields of GPIQ and JEPQ compare?

JEPQ currently reports a dividend yield of 11.07%, while GPIQ's yield is 9.82%. This indicates that JEPQ provides a higher income distribution relative to its share price. However, these yields are not guaranteed and can fluctuate over time depending on the funds' performance and their specific derivative income generation strategies.

What does the inception date of each fund tell an investor?

JEPQ was launched on 3 May 2022, giving it a track record of over four years. GPIQ has an inception date of 24 October 2023, making it a newer fund with a shorter track record. Investors often review inception dates to assess the availability of historical data.

What are the primary income strategies of GPIQ and JEPQ?

Both GPIQ and JEPQ are classified as Derivative Income ETFs. Their primary strategy involves generating income through the use of derivatives to cover their underlying Nasdaq-100 exposures. This income generation is a key component of the distributions they offer to investors, differentiating them from standard index-tracking ETFs.

What are the top holdings of GPIQ and JEPQ?

Both funds maintain a strong concentration in leading technology stocks, with NVIDIA (NVDA) and Apple (AAPL) being the top holdings for both. These positions represent a significant portion of their respective portfolios, reflecting their shared focus on major technology growth companies and illustrating their high degree of holdings overlap.

What are the risks associated with these funds?

As both GPIQ and JEPQ focus on the Nasdaq-100, they share concentration in technology and growth stocks. A market shift affecting this specific sector would likely impact both funds similarly, leading to comparable volatility and exposure to sector-specific risks.

Why might an investor consider one fund's yield over the other?

Yields are a primary factor for income-focused investors. JEPQ's 11.07% yield is higher than GPIQ's 9.82%. However, yield alone does not determine total return. Investors need to review how each fund's specific derivative strategies contribute to income while considering other factors like fees, risk profiles, and liquidity.

Are there any fees beyond the expense ratio?

The expense ratio is an ongoing management fee deducted from the fund's assets. GPIQ's 0.29% and JEPQ's 0.35% represent these costs. Investors should also check their broker's specific commission or trading fees when buying or selling shares, as these are separate from the fund's expense ratio and can impact net returns.

GPIQ vs JEPQ

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare the Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) and the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). This page examines their expense ratios, net assets, dividend yields and top holdings. Both funds track Nasdaq-100 constituents, with GPIQ at a 0.29% expense ratio and JEPQ at 0.35%. Explore how each derivative income strategy delivers exposure and potential income. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

GPIQ

Metric

JEPQ

0.29%

Expense Ratio

0.35%

9.82%

Dividend Yield

11.07%

$5.84B

Net Assets

$43.02B

107

Holdings

110

Oct 24, 2023

Inception Date

May 3, 2022

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Index Tracked

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Derivative Income

Fund Category

Derivative Income

GPIQ costs about $6.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	GPIQ	JEPQ
NVDANVIDIA Corporation	8.52%	7.26%
AAPLApple Inc.	7.91%	6.62%
MSFTMicrosoft Corporation	5.80%	5.07%
MUMicron Technology, Inc.	4.84%	4.80%
AMZNAmazon.com, Inc.	4.35%	3.84%
AMDAdvanced Micro Devices, Inc.	4.01%	3.64%
METAMeta Platforms, Inc.	3.28%	2.75%
AVGOBroadcom Inc.	2.71%	1.99%
TSLATesla, Inc.	2.66%	2.05%

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Investment Analysis

GPIQ

Pros

The expense ratio is 0.29%, which is lower than JEPQ's 0.35%, potentially preserving more investor returns over time.
Goldman Sachs is a reputable global investment bank, which may provide confidence in the fund's management and operational stability.
The fund tracks the Nasdaq-100 index, offering exposure to leading technology and growth companies like Apple and Microsoft.

Considerations

It is a relatively new fund with an inception date of 24 October 2023, lacking a long-term performance track record.
With net assets of $5.8 billion, it is significantly smaller than JEPQ, which might impact liquidity for large transactions.
The fund has a dividend yield of 9.82%, which is lower than JEPQ's 11.07%, potentially making it less attractive to income-focused investors.

JEPQ

Pros

JEPQ has a high dividend yield of 11.07%, making it attractive for investors seeking substantial income generation.
With $43.0 billion in net assets, the fund is large and established, suggesting strong liquidity and market acceptance.
JPMorgan is a major financial institution with a strong reputation, which can provide investor confidence in the fund's management.

Considerations

The expense ratio is 0.35%, which is slightly higher than GPIQ's 0.29%, potentially reducing net returns for investors.
The fund is heavily concentrated in large-cap technology stocks, with significant weights in NVDA and AAPL, leading to sector-specific risks.
Inception in May 2022 means it has a shorter track record compared to more established ETFs, limiting long-term performance data.

About GPIQ and JEPQ

GPIQ (GPIQ)

The Goldman Sachs Nasdaq-100 Premium Income ETF is designed for investors interested in exposure to technology and growth sectors while seeking potential income. This fund tracks the Nasdaq-100, a broad index of non-financial companies listed on the Nasdaq Stock Market. The ETF primarily uses a covered call strategy, selling options on a basket of Nasdaq-100 stocks to generate income. While this approach can provide steady distributions, it may limit capital appreciation in periods of strong market growth. Investors should be aware that derivative strategies introduce unique risks, including option volatility. This fund is part of Goldman Sachs Asset Management's broader range of ETFs focused on income generation. It is suitable for those who understand option mechanics and are seeking yield alongside technology sector exposure.

JEPQ (JEPQ)

The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is an exchange-traded fund designed to generate monthly income while retaining growth potential from the Nasdaq 100 index. Rather than simply replicating the index, JEPQ primarily holds large-cap Nasdaq stocks but uses a strategy involving the sale of call options to produce premium income. This approach aims to offer investors a high-yield dividend stream, which can be attractive for those seeking regular cash flow. However, it is important to note that this strategy may cap potential upside during periods of strong market rallies. As with any investment involving derivatives and equity exposure, values can fluctuate, and income payouts are not guaranteed. It suits investors looking for income generation but requires an understanding of the trade-off between immediate yield and long-term capital appreciation.

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GPIQ vs JEPQ

Fund Snapshot