GPIQ delivered 21.6% total return over the past year, surpassing QYLD’s 18.52% despite a lower yield and fee structure.
The Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) has outperformed the Global X NASDAQ 100 Covered Call ETF (QYLD) by 3 percentage points over the past year, returning 21.6% on a total return basis versus QYLD’s 18.52%. Both funds track the NASDAQ 100 but differ in fee structure and call-writing mechanics, with GPIQ charging lower fees and capturing more upside.
QYLD, which writes at-the-money calls on 100% of its portfolio monthly, has grown to $8.33 billion in assets due to its 11.7% trailing yield. However, its strategy caps nearly all upside in a rising market, eroding net asset value over time. GPIQ, meanwhile, maintains a similar monthly payout cadence but with a yield near 10% and greater share-price appreciation.
The performance gap highlights the trade-off between yield and capital appreciation, with GPIQ offering a balanced alternative for income-focused investors in the NASDAQ 100.