Data as of .
GPIQ vs SCEP: which paid, and which earned it?
GPIQ and SCEP both write options for income.
What they hold in common
By the books each fund has filed, GPIQ and SCEP hold 42% of their money in the same securities at the same weight.
| Holding | GPIQ | SCEP |
|---|---|---|
| APPLE INC | 6.59% | 5.71% |
| NVIDIA CORP | 7.48% | 5.70% |
| AMAZON.COM INC | 4.20% | 4.68% |
| ALPHABET INC | 3.54% | 5.98% |
| MICROSOFT CORP | 3.96% | 3.49% |
| BROADCOM INC | 2.69% | 5.61% |
| LAM RESEARCH CORP | 2.37% | 2.64% |
| META PLATFORMS INC | 2.78% | 2.23% |
| ADVANCED MICRO DEVICES INC | 4.11% | 2.19% |
| COSTCO WHOLESALE CORP | 1.97% | 2.40% |
| WALMART INC | 2.12% | 1.05% |
| PALO ALTO NETWORKS INC | 1.30% | 0.99% |
| Only in GPIQ | Only in SCEP |
|---|---|
| MICRON TECHNOLOGY INC 5.62% | JP MORGAN CHASE & COMPANY 3.55% |
| TESLA INC 3.17% | PARKER-HANNIFIN CORP 2.63% |
| INTEL CORP 3.01% | WILLIAMS COMPANIES INC (THE) 2.15% |
| ALPHABET INC 2.57% | ILLINOIS TOOL WORKS INC 2.07% |
| APPLIED MATERIALS INC 2.51% | EQUINIX INC 2.05% |
| CISCO SYSTEMS INC 2.05% | VISA INC 1.98% |
| KLA CORP 1.74% | AMPHENOL CORP 1.94% |
| SANDISK CORP 1.48% | AIR PRODUCTS AND CHEMICALS INC 1.87% |
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 Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| GPIQ | SCEP | GPIQ | SCEP | GPIQ | SCEP | |
| 3 months | −1.7% | −0.1% | 2.5% | 1.7% | +0.8 pts | −2.4 pts |
| 6 months | +20.5% | +8.3% | 5.9% | 3.7% | −3.7 pts | −9.7 pts |
| 1 year | +21.4% | not published | 11.0% | not published | −0.4 pts | not published |
| Since launch | +98.3% | +3.5% | 38.2% | 5.0% | −15.0 pts | −8.2 pts |
| GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF Covered call on QQQ, paying monthly | SCEP STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Goldman Sachs | Sterling Capital |
| Strategy | covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 10.5% | 7.1% |
| Expense ratio | 0.29% | 0.65% |
| Cash paid, 1 year | 11.0% | 5.0% (since launch on Dec 11, 2025) |
| Price change, 1 year | +9.3% | −1.6% |
| Total return, 1 year | +21.4% | +3.5% (since launch on Dec 11, 2025) |
| Benchmark return, 1 year | +21.8% | +11.7% |
| Ahead or behind | −0.4 pts | −8.2 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1058 days | 281 days |
| Net assets | $5.8bn | $235m |
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.
SCEP in plain words
Over the period since launch on Dec 11, 2025 to Sep 18, 2026, SCEP paid 5.0% of its starting value in cash distributions while its price fell 1.6%. With every distribution reinvested, the fund returned +3.5%. S&P 500 (SPY) returned +11.7% over the same days, so a holder was behind by 8.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.1%, paid monthly.
Questions people ask
- Which is cheaper, GPIQ or SCEP?
- GPIQ charges 0.29% a year and SCEP charges 0.65%, 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 SCEP, data as of Sep 18, 2026. https://etfiq.com/compare/income/gpiq-vs-scep Free to use with attribution; the underlying files are at Open data.