Data as of Nov 4, 2026.
GPIQ vs QDTE: Dividend Yield & Total Return
Over the year to Nov 4, 2026, QDTE paid 34.7% of its price in cash against GPIQ’s 10.9%, and returned more with it reinvested.
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Net assets: $6.4bn on Nov 3, 2026 for Goldman Sachs Nasdaq-100 Premium Income ETF, and $881m on Nov 4, 2026 for Roundhill Nasdaq-100 0DTE Covered Call Strategy 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% 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, 2026.1.4 pts ahead of QQQ
QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QDTE
+13.7%
34.7% of it arrived as cash
1.4 pts ahead of QQQ
Total return, distributions reinvested
1.4 pts ahead of QQQ
QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QDTE
+13.7%
34.7% as cash
1.4 pts ahead of QQQ
34.7% of it arrived as cash. Both charts share one scale, with zero at the line. QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
GPIQ costs 0.67 points a year less; their one-year returns differ by 0.7 points; GPIQ is 7.4 times larger.
Points (pts) are percentage points.
| Measure | GPIQ | QDTE |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +13.0% | +13.7% |
| Price change, 1 year | rose 1.7% | fell 23.4% |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.29% | 0.96% |
| Net assets, as of Nov 3, 2026 | $6.4bn | $869m |
| Holdings | ||
| Holdings in common | 0% | |
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
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 →
Risk and return
Mar 15, 2024 to Oct 30, 2026 · 137 weekly returns · each against QQQFrom Mar 2024 to Oct 2026, GPIQ and QDTE returned about the same: +57.0% and +58.0%. GPIQ swung slightly less: 17.2% to 17.8%. GPIQ fell slightly less at its worst: −19.5% to −20.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GPIQ | QDTE | QQQ | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +57.0% | +58.0% | Tie | Price change plus distributions, reinvested. | |
| Annualized | +18.7% | +19.0% | Tie | Total return as a yearly rate. | |
| Price return | +19.6% | −40.2% | GPIQ | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 17.2% | 17.8% | GPIQ (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 11.5% | 12.2% | GPIQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −19.5% | −20.5% | GPIQ (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 77.3% | 81.9% | 100.0% | QDTE (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 88.8% | 91.4% | 100.0% | GPIQ (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.85 | 0.85 | 1.00 | Tie | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.93 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.83 | 0.83 | Tie | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.24 | 1.20 | GPIQ (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.168 | 0.172 | 0.159 | QDTE (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.96 | 0.92 | GPIQ (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | QQQ | QQQ | QQQ | The ETF each fund is measured against. | |
| Alpha | +0.7% a year | +1.1% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.66 | 0.37 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.5% to +2.9% | −4.8% to +7.1% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.46 | −0.22 | QDTE | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.4% | 5.7% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 137 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GPIQ and QDTE hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.
half
0% 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 | QDTE | GPIQ | QDTE | GPIQ | QDTE |
| 3 months | −2.6% | −1.6% | 2.6% | 6.3% | +0.8 pts | +1.8 pts |
| 6 months | +0.5% | +1.6% | 5.3% | 14.3% | +0.9 pts | +2.0 pts |
| 1 year | +13.0% | +13.7% | 10.9% | 34.7% | +0.7 pts | +1.5 pts |
| 3 years | +80.0% | – | 38.3% | – | −11.4 pts | – |
| Since launchNot the same days: GPIQ Oct 2023 · QDTE Mar 2024 | +91.4% | +55.2% | 40.7% | 75.6% | −13.4 pts | −2.3 pts |
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No client brief for this pair: the two funds' holdings are dated 127 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.
QDTE
Over the year to Nov 4, 2026, QDTE paid 34.7% of its starting value in cash distributions while its price fell 23.4%. With every distribution reinvested, the fund returned +13.7%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 27.9%, paid weekly. Roundhill 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
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.
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ETFIQ, GPIQ against QDTE, data as of Nov 4, 2026. https://etfiq.com/compare/income/gpiq-vs-qdte
ETFIQ. (Nov 4, 2026). GPIQ against QDTE. Retrieved from https://etfiq.com/compare/income/gpiq-vs-qdte
[GPIQ against QDTE (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/gpiq-vs-qdte)
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