Data as of Oct 28, 2026.
GPIQ vs QQQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, GPIQ returned +16.1% to QQQ's +15.2%, and QQQ charges 0.18% to GPIQ's 0.29%.
askIQ about this page
askIQ about GPIQ and QQQ
Net assets on Oct 27, 2026: $6.5bn for Goldman Sachs Nasdaq-100 Premium Income ETF and $483.0bn for Invesco QQQ Trust, Series 1.
Pair scorecard
QQQ costs 0.11 points a year less; their one-year returns differ by 0.9 points; QQQ is far larger, $483.0bn against $6.5bn.
| Measure | GPIQ | QQQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.1% | +15.2% |
| Price change, 1 year | rose 4.5% | rose 14.6% |
| Latest payout, annualized | 10.7% | |
| Drawdown | ||
| Below its high | 4.5%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Benchmark: Nasdaq-100, measured through QQQ | Nasdaq-100 Index |
| Cost and size | ||
| Expense ratio | 0.29% | 0.18% |
| Net assets, as of Oct 27, 2026 | $6.5bn | $483.0bn |
| Holdings | ||
| Holdings in common | 87% | |
| In the S&P 500, by weight | 96% | |
| Top ten holdings, share of the fund | 46.7% | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
Risk and return
Nov 3, 2023 to Oct 23, 2026 · 155 weekly returnsEach against its own benchmark: GPIQ against QQQ, Nov 3, 2023 to Oct 23, 2026; QQQ against QQQM, Oct 23, 2020 to Oct 23, 2026.
QQQ returned more: +94.8% to +82.6%. GPIQ swung less: 16.5% to 19.3%. GPIQ fell slightly less at its worst: −19.5% to −21.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GPIQ | QQQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +82.6% | +94.8% | QQQ | Price change plus distributions, reinvested. |
| Annualized | +22.4% | +25.1% | QQQ | Total return as a yearly rate. |
| Price return | +34.3% | +91.6% | QQQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.5% | 19.3% | GPIQ | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.0% | 12.5% | GPIQ | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −19.5% | −21.3% | GPIQ (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 76.7% | 100.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 88.7% | 100.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.85 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 1.04 | 1.03 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 1.57 | 1.58 | Tie | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.202 | 0.145 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.15 | 1.17 | QQQ (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | QQQ | QQQM | The ETF each fund is measured against. | |
| Alpha | +0.3% a year | −0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.29 | −0.58 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.7% to +2.3% | −0.4% to +0.2% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.79 | −0.10 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.4% | 0.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 155 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GPIQ and QQQ hold 87% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
87% in common
Only in one fund ↓
Side by side
GPIQ and QQQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
No client brief for this pair: the two funds' holdings are dated 119 days apart.
GPIQ
Over the year to Oct 28, 2026, GPIQ paid 10.6% of its starting value in cash distributions while its price rose 4.5%. With every distribution reinvested, the fund returned +16.1%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was ahead by 0.9 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 10.7%, paid monthly.
QQQ
QQQ tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Are GPIQ and QQQ in the same category?
- GPIQ is an option-income ETF and QQQ is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, GPIQ or QQQ?
- In the year to Oct 28, 2026, with distributions reinvested, GPIQ returned +16.1% and QQQ +15.2%.
- Which is cheaper, GPIQ or QQQ?
- QQQ is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, GPIQ against QQQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/gpiq-vs-qqq
ETFIQ. (Oct 28, 2026). GPIQ against QQQ. Retrieved from https://etfiq.com/compare/any/gpiq-vs-qqq
[GPIQ against QQQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/gpiq-vs-qqq)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.