Data as of Nov 4, 2026.

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Income ETFs

GPIQ vs PCOV: Dividend Yield & Total Return

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GPIQ and PCOV 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 $10m on Nov 2, 2026 for Principal Equity Premium Income ETF.

At a glance
10.9%
GPIQ cash paid, 1 year
1.9%
PCOV cash paid, since launch, Aug 19, 2026
+13.0%
GPIQ total return, 1 year
−0.1%
PCOV total return, since launch, Aug 19, 2026
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.
PCOV · since launch to Nov 4, 2026 Not measured
PCOV
−0.1%
none

Not measured

PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

PCOV

−0.1%

Total return, distributions reinvested

Not measured

PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

PCOV

−0.1%

1.9% of it arrived as cash. Both charts share one scale, with zero at the line. PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

GPIQ costs 0.05 points a year less; GPIQ is far larger, $6.4bn against $10m.

Points (pts) are percentage points.

GPIQ vs PCOV: Dividend Yield & Total Return
MeasureGPIQPCOV
Paid and earned
Total return, 1 year+13.0%not published
Price changerose 1.7% (1 year)fell 2.0% (since Aug 19, 2026)
Against its benchmark
BenchmarkNasdaq-100, measured through QQQnot published
Cost and size
Expense ratio0.29%0.34%
Net assets, as of Nov 3, 2026$6.4bn$10m
Holdings
Holdings in commonnot published

Method

Side by side

GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF · Covered call on QQQ, paying monthly PCOV Principal Equity Premium Income ETF · Covered call
Strategy covered call covered call
Benchmark Nasdaq-100 (QQQ) none
Pays monthly not established
Payout rate, annualized 10.5% 7.2%
Expense ratio 0.29% 0.34%
Cash paid, 1 year 10.9% 1.9% (since launch, Aug 19, 2026)
Price change, 1 year +1.7% −2.0% (since launch, Aug 19, 2026)
Total return, 1 year +13.0% −0.1% (since launch, Aug 19, 2026)
Benchmark return, 1 year +12.3% not published
Ahead or behind +0.7 pts not available
Return of capital, latest estimate not published not published
Age 3.0 years 77 days
Net assets, GPIQ as of Nov 3, 2026 and PCOV as of Nov 2, 2026 $6.4bn $10m

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 PCOV: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowGPIQPCOVGPIQPCOVGPIQPCOV
3 months−2.6%–2.6%–+0.8 pts–
6 months+0.5%–5.3%–+0.9 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 · PCOV Aug 2026+91.4%−0.1%40.7%1.9%−13.4 ptsnot measured

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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.

PCOV

Over the period from its first trade on Aug 19, 2026 to Nov 4, 2026, PCOV paid 1.9% of its starting value in cash distributions while its price fell 2.0%. With every distribution reinvested, the fund returned −0.1%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.2%, paid periodically.

Questions people ask

Which is cheaper, GPIQ or PCOV?
GPIQ charges 0.29% a year and PCOV charges 0.34%, so GPIQ is cheaper. Fees come from each fund's prospectus.
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ETFIQ, GPIQ against PCOV, data as of Nov 4, 2026. https://etfiq.com/compare/income/gpiq-vs-pcov

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