Data as of .
GPIQ vs OEI: which paid, and which earned it?
GPIQ and OEI both write options for income.
What they hold in common
By the books each fund has filed, GPIQ and OEI hold 49% of their money in the same securities at the same weight.
| Holding | GPIQ | OEI |
|---|---|---|
| NVIDIA CORP | 7.48% | 8.32% |
| APPLE INC | 6.59% | 4.28% |
| AMAZON.COM INC | 4.20% | 4.56% |
| MICROSOFT CORP | 3.96% | 5.99% |
| ALPHABET INC | 3.54% | 3.48% |
| BROADCOM INC | 2.69% | 3.04% |
| MICRON TECHNOLOGY INC | 5.62% | 2.57% |
| ALPHABET INC | 2.57% | 2.79% |
| META PLATFORMS INC | 2.78% | 2.18% |
| ADVANCED MICRO DEVICES INC | 4.11% | 1.56% |
| CISCO SYSTEMS INC | 2.05% | 1.54% |
| TESLA INC | 3.17% | 1.46% |
| Only in GPIQ | Only in OEI |
|---|---|
| KLA CORP 1.74% | Johnson & Johnson 2.10% |
| SANDISK CORP 1.48% | ExxonMobil Holdings Corp 2.07% |
| PALO ALTO NETWORKS INC 1.30% | Eli Lilly & Co 1.80% |
| MARVELL TECHNOLOGY INC 1.11% | JPMorgan Chase & Co 1.65% |
| LINDE PLC 1.11% | Berkshire Hathaway Inc 1.60% |
| WESTERN DIGITAL CORP 0.98% | AbbVie Inc 1.57% |
| CROWDSTRIKE HOLDINGS INC 0.95% | Mastercard Inc 1.57% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 0.90% | General Electric Co 1.41% |
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 Jul 31, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| GPIQ | OEI | GPIQ | OEI | GPIQ | OEI | |
| 3 months | −1.7% | +4.8% | 2.5% | 2.3% | +0.8 pts | +2.5 pts |
| 6 months | +20.5% | +12.5% | 5.9% | 4.9% | −3.7 pts | −5.6 pts |
| 1 year | +21.4% | not published | 11.0% | not published | −0.4 pts | not published |
| Since launch | +98.3% | +14.4% | 38.2% | 8.6% | −15.0 pts | −0.9 pts |
| GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF Covered call on QQQ, paying monthly | OEI Optimized Equity Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Goldman Sachs | Core Alternative |
| Strategy | covered call | option income |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 10.5% | 9.2% |
| Expense ratio | 0.29% | 1.02% |
| Cash paid, 1 year | 11.0% | 8.6% (since launch on Oct 22, 2025) |
| Price change, 1 year | +9.3% | +5.2% |
| Total return, 1 year | +21.4% | +14.4% (since launch on Oct 22, 2025) |
| Benchmark return, 1 year | +21.8% | +15.3% |
| Ahead or behind | −0.4 pts | −0.9 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1058 days | 331 days |
| Net assets | $5.8bn | $46m |
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%. With every distribution reinvested, the fund returned +21.4%. 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.
OEI in plain words
Over the period since launch on Oct 22, 2025 to Sep 18, 2026, OEI paid 8.6% of its starting value in cash distributions while its price rose 5.2%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY), used as a default proxy returned +15.3% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.2%, paid monthly.
Questions people ask
- Which is cheaper, GPIQ or OEI?
- GPIQ charges 0.29% a year and OEI charges 1.02%, 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, GPIQ against OEI, data as of Sep 18, 2026. https://etfiq.com/compare/income/gpiq-vs-oei Free to use with attribution; the underlying files are at Open data.