Which paid more, GPIQ or OEI?

Over the year to Nov 4, 2026, GPIQ paid 10.9% of its starting price in cash and OEI paid 9.2%, so GPIQ paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, GPIQ or OEI?

With every distribution reinvested, GPIQ returned +13.0% and OEI +12.9% over the year to Nov 4, 2026.

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.

Data as of Nov 4, 2026.

Income ETFs

GPIQ vs OEI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, GPIQ paid 10.9% of its price in cash against OEI’s 9.2% and the two finished level on total return.

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Net assets: $6.4bn on Nov 3, 2026 for Goldman Sachs Nasdaq-100 Premium Income ETF, and $46m on Jul 31, 2026 for Optimized Equity Income ETF.

GPIQ on its own →OEI on its own →

At a glance

10.9%

GPIQ cash paid, 1 year

9.2%

OEI cash paid, 1 year

+13.0%

GPIQ total return, 1 year

+12.9%

OEI total return, 1 year

GPIQ · 1 year to Nov 4, 2026 0.7 pts ahead of QQQ

GPIQ

+13.0%

QQQ

+12.3%

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% as 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.

OEI · 1 year to Nov 4, 2026 1.9 pts behind SPY

OEI

+12.9%

SPY

+14.8%

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% of it arrived as cash

1.9 pts behind SPY

Total return, distributions reinvested

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% cash

1.9 pts behind SPY

9.2% of it arrived as cash. Both charts share one scale, 0 to +14.8%. OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.

Pair scorecard

GPIQ costs 0.73 points a year less; their one-year returns differ by 0.1 points.

Points (pts) are percentage points.

GPIQ vs OEI: Dividend Yield & Total Return
Measure	GPIQ	OEI
Paid and earned
Measure	GPIQ	OEI
Total return, 1 year	+13.0%	+12.9%
Price change, 1 year	rose 1.7%	rose 3.0%
Against its benchmark
Measure	GPIQ	OEI
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	GPIQ	OEI
Expense ratio	0.29%	1.02%
Net assets, GPIQ as of Nov 3, 2026 and OEI as of Jul 31, 2026	$6.4bn	$46m
Holdings
Measure	GPIQ	OEI
Holdings in common	48%

ETFIQ Distribution Coverage Score · OEI scores higher How much of what it paid out did its total return cover?

IQ Income Score69.8GPIQ75.7OEI

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

GPIQ 69.8

OEI 75.7

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

48%

By the books each fund has filed, GPIQ and OEI hold 48% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

48% in common

Positions both hold · largest shared weight first GPIQ OEI

NVIDIA CORP 7.47% 8.22%

APPLE INC 6.59% 4.23%

AMAZON.COM INC 4.20% 4.51%

MICROSOFT CORP 3.95% 5.93%

ALPHABET INC 3.54% 3.44%

BROADCOM INC 2.68% 3.01%

ALPHABET INC 2.56% 2.76%

MICRON TECHNOLOGY INC 5.62% 2.54%

META PLATFORMS INC 2.77% 2.15%

ADVANCED MICRO DEVICES INC 4.10% 1.54%

CISCO SYSTEMS INC 2.04% 1.52%

TESLA INC 3.17% 1.44%

Only in one fund ↓

Only in GPIQ

KLA CORP 1.74%

SANDISK CORP 1.48%

PALO ALTO NETWORKS INC 1.30%

MARVELL TECHNOLOGY INC 1.11%

LINDE PLC 1.11%

WESTERN DIGITAL CORP 0.98%

CROWDSTRIKE HOLDINGS INC 0.95%

SEAGATE TECHNOLOGY HOLDINGS PLC 0.90%

Only in OEI

Johnson & Johnson 2.08%

ExxonMobil Holdings Corp 2.04%

Eli Lilly & Co 1.78%

JPMorgan Chase & Co 1.63%

Berkshire Hathaway Inc 1.58%

AbbVie Inc 1.55%

Mastercard Inc 1.55%

General Electric Co 1.39%

Check overlap with more funds →

Side by side

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)

Pays monthly monthly

Payout rate, annualized 10.5% 9.6%

Expense ratio 0.29% 1.02%

Cash paid, 1 year 10.9% 9.2%

Price change, 1 year +1.7% +3.0%

Total return, 1 year +13.0% +12.9%

Benchmark return, 1 year +12.3% +14.8%

Ahead or behind +0.7 pts −1.9 pts

Return of capital, latest estimate not published not published

Age 3.0 years 1.0 years

Net assets, GPIQ as of Nov 3, 2026 and OEI as of Jul 31, 2026 $6.4bn $46m

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

Window by window: GPIQ vs OEI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	GPIQ	OEI	GPIQ	OEI	GPIQ	OEI
3 months	−2.6%	+3.3%	2.6%	2.4%	+0.8 pts	+3.4 pts
6 months	+0.5%	+6.3%	5.3%	4.7%	+0.9 pts	+1.3 pts
1 year	+13.0%	+12.9%	10.9%	9.2%	+0.7 pts	−1.9 pts
3 years	+80.0%	–	38.3%	–	−11.4 pts	–
Since launchNot the same days: GPIQ Oct 2023 · OEI Oct 2025	+91.4%	+15.0%	40.7%	9.4%	−13.4 pts	−1.1 pts

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Alert

About each fund

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.

OEI

Over the year to Nov 4, 2026, OEI paid 9.2% of its starting value in cash distributions while its price rose 3.0%. With every distribution reinvested, the fund returned +12.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 1.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.6%, paid monthly.

Questions people ask

Which paid more, GPIQ or OEI?: Over the year to Nov 4, 2026, GPIQ paid 10.9% of its starting price in cash and OEI paid 9.2%, so GPIQ paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, GPIQ or OEI?: With every distribution reinvested, GPIQ returned +13.0% and OEI +12.9% over the year to Nov 4, 2026.
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

GPIQ vs SPIN GPIQ vs ACKY GPIQ vs XRMI GPIQ vs WDTE OEI vs QYLD OEI vs QQQI OEI vs JEPQ OEI vs QLDY

Where to next

Nasdaq-100 (QQQ) →S&P 500 (SPY) →GPIQ on its own →OEI on its own →GPIQ dividend history →GPIQ holdings →OEI dividend history →OEI holdings →Method →Standards and sources →

Sources and dates

GPIQ filings on SEC EDGAR ↗

GPIQ prospectus with the expense ratio (SEC) ↗

Goldman Sachs website ↗

OEI filings on SEC EDGAR ↗

OEI prospectus with the expense ratio (SEC) ↗

Core Alternative website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, GPIQ against OEI, data as of Nov 4, 2026. https://etfiq.com/compare/income/gpiq-vs-oei

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