Data as of Nov 4, 2026.
GPIQ vs NLSI: Dividend Yield & Total Return
GPIQ and NLSI both write options for income.
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Net assets: $6.4bn on Nov 3, 2026 for Goldman Sachs Nasdaq-100 Premium Income ETF, and $5.3m on Oct 28, 2026 for NEOS Long/Short Equity Income ETF.
0.7 pts ahead of QQQ
GPIQ over 1 year: paid 10.9%, price +1.7%, total +13.0%, QQQ +12.3%, +0.7 pts. Data to Nov 4, 2026.
QQQ
+12.3%
GPIQ
+13.0%
10.9% of it arrived as cash
0.7 pts ahead of QQQ
Total return, distributions reinvested
0.7 pts ahead of QQQ
GPIQ over 1 year: paid 10.9%, price +1.7%, total +13.0%, QQQ +12.3%, +0.7 pts. Data to Nov 4, 2026.
QQQ
+12.3%
GPIQ
+13.0%
10.9% cash
0.7 pts ahead of QQQ
10.9% of it arrived as cash. Total return, distributions reinvested. GPIQ over 1 year: paid 10.9%, price +1.7%, total +13.0%, QQQ +12.3%, +0.7 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.5 pts ahead of SPY
NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.
SPY
+12.7%
NLSI
+17.7%
5.0% as cash
5 pts ahead of SPY
Total return, distributions reinvested
5 pts ahead of SPY
NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.
SPY
+12.7%
NLSI
+17.7%
5 pts ahead of SPY
5.0% of it arrived as cash. Both charts share one scale, 0 to +17.7%. NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +17.7%. Data to Nov 4, 2026.Pair scorecard
GPIQ costs 2.60 points a year less; GPIQ is far larger, $6.6bn against $5.3m.
Points (pts) are percentage points.
| Measure | GPIQ | NLSI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +13.0% | not published |
| Price change | rose 1.7% (1 year) | rose 12.0% (since Dec 10, 2025) |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | S&P 500, measured through SPY |
| Against its benchmark, same days | ahead by 0.7 pts | ahead by 5.0 pts |
| Cost and size | ||
| Expense ratio | 0.29% | 2.89% |
| Net assets, as of Oct 28, 2026 | $6.6bn | $5.3m |
| Holdings | ||
| Holdings in common | 10% | |
Risk and return
Dec 19, 2025 to Oct 30, 2026 · 45 weekly returnsFrom Dec 2025 to Oct 2026, NLSI returned more: +20.7% to +11.9%. GPIQ fell less at its worst: −7.9% to −13.3%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | GPIQ | NLSI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +11.9% | +20.7% | NLSI | Price change plus distributions, reinvested. |
| Price return | +2.6% | +15.0% | NLSI | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −7.9% | −13.3% | GPIQ | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 45 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GPIQ and NLSI hold 10% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.
half
10% in common
Only in one fund ↓
Side by side
As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.
Window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | GPIQ | NLSI | GPIQ | NLSI | GPIQ | NLSI |
| 3 months | −2.6% | +6.7% | 2.6% | 1.4% | +0.8 pts | +6.9 pts |
| 6 months | +0.5% | +21.4% | 5.3% | 3.0% | +0.9 pts | +16.4 pts |
| 1 year | +13.0% | – | 10.9% | – | +0.7 pts | – |
| 3 years | +80.0% | – | 38.3% | – | −11.4 pts | – |
| Since launchNot the same days: GPIQ Oct 2023 · NLSI Dec 2025 | +91.4% | +17.7% | 40.7% | 5.0% | −13.4 pts | +4.9 pts |
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No client brief for this pair: ETFIQ prints no one-year total return for NLSI; the two funds' holdings are dated 126 days apart.
GPIQ
Over the year to Nov 4, 2026, GPIQ paid 10.9% of its starting value in cash distributions while its price rose 1.7%. With every distribution reinvested, the fund returned +13.0%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 0.7 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 10.5%, paid monthly.
NLSI
Over the period from its first trade on Dec 10, 2025 to Nov 4, 2026, NLSI paid 5.0% of its starting value in cash distributions while its price rose 12.0%. With every distribution reinvested, the fund returned +17.7%. S&P 500 (SPY) returned +12.7% over the same days, so a holder was ahead by 5.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.6%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
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.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, GPIQ against NLSI, data as of Nov 4, 2026. https://etfiq.com/compare/income/gpiq-vs-nlsi
ETFIQ. (Nov 4, 2026). GPIQ against NLSI. Retrieved from https://etfiq.com/compare/income/gpiq-vs-nlsi
[GPIQ against NLSI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/gpiq-vs-nlsi)
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