Data as of .
BALQ vs GPIQ: which paid, and which earned it?
BALQ and GPIQ both write options for income.
What they hold in common
By the books each fund has filed, BALQ and GPIQ hold 63% of their money in the same securities at the same weight.
| Holding | BALQ | GPIQ |
|---|---|---|
| NVIDIA | 8.62% | 7.48% |
| APPLE | 7.63% | 6.59% |
| MICRON TECHNOLOGY | 5.06% | 5.62% |
| AMAZON.COM INC | 4.76% | 4.20% |
| ADVANCED MICRO DEVICES | 4.31% | 4.11% |
| MICROSOFT | 6.72% | 3.96% |
| ALPHABET CLASS A | 3.44% | 3.54% |
| META PLATFORMS CLASS A | 3.31% | 2.78% |
| TESLA INC | 2.73% | 3.17% |
| BROADCOM INC | 2.99% | 2.69% |
| INTEL CORPORATION | 2.62% | 3.01% |
| ALPHABET CLASS C | 3.09% | 2.57% |
| Only in BALQ | Only in GPIQ |
|---|---|
| BLK CSH FND TREASURY SL AGENCY 2.70% | KLA CORP 1.74% |
| CASH COLLATERAL MSFUT USD 1.46% | PALO ALTO NETWORKS INC 1.30% |
| LOCKHEED MARTIN CORP 0.83% | TEXAS INSTRUMENTS INC 1.23% |
| SPACE EXPLORATION TECHNOLOGIES COR 0.82% | LINDE PLC 1.11% |
| CHEVRON 0.72% | CROWDSTRIKE HOLDINGS INC 0.95% |
| GOLDMAN SACHS GROUP 0.71% | SEAGATE TECHNOLOGY HOLDINGS PLC 0.90% |
| SS AND C TECHNOLOGIES HOLDINGS 0.59% | NETFLIX INC 0.89% |
| COCA-COLA 0.56% | ANALOG DEVICES INC 0.89% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| BALQ | GPIQ | BALQ | GPIQ | BALQ | GPIQ | |
| 3 months | −0.5% | −1.7% | 2.8% | 2.5% | +1.9 pts | +0.8 pts |
| 6 months | +27.2% | +20.5% | 6.5% | 5.9% | +3.0 pts | −3.7 pts |
| 1 year | not published | +21.4% | not published | 11.0% | not published | −0.4 pts |
| Since launch | +21.4% | +98.3% | 8.5% | 38.2% | +5.3 pts | −15.0 pts |
| BALQ iShares Nasdaq Premium Income Active ETF Covered call on QQQ, paying monthly | GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF Covered call on QQQ, paying monthly | |
|---|---|---|
| Issuer | iShares | Goldman Sachs |
| Strategy | covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ) | Nasdaq-100 (QQQ) |
| Pays | monthly | monthly |
| Payout rate, annualized | 8.9% | 10.5% |
| Expense ratio | 0.35% | 0.29% |
| Cash paid, 1 year | 8.5% (since launch on Dec 3, 2025) | 11.0% |
| Price change, 1 year | +11.9% | +9.3% |
| Total return, 1 year | +21.4% (since launch on Dec 3, 2025) | +21.4% |
| Benchmark return, 1 year | +16.1% | +21.8% |
| Ahead or behind | +5.3 pts | −0.4 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 289 days | 1058 days |
| Net assets | $29m | $5.8bn |
BALQ in plain words
Over the period since launch on Dec 3, 2025 to Sep 18, 2026, BALQ paid 8.5% of its starting value in cash distributions while its price rose 11.9%. With every distribution reinvested, the fund returned +21.4%. Nasdaq-100 (QQQ) returned +16.1% over the same days, so a holder was ahead by 5.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.9%, paid monthly.
GPIQ in plain words
Over the year to Sep 18, 2026, GPIQ paid 11.0% of its starting value in cash distributions while its price rose 9.3%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 10.5%, paid monthly.
Questions people ask
- Which is cheaper, BALQ or GPIQ?
- BALQ charges 0.35% a year and GPIQ charges 0.29%, so GPIQ is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BALQ against GPIQ, data as of Sep 18, 2026. https://etfiq.com/compare/income/balq-vs-gpiq Free to use with attribution; the underlying files are at Open data.