GPIQ vs JEPQ: Yield, Cost and Returns Compared
As of Nov 5, 2026, JEPQ yields more: 11.71% (dividend yield) against 10.27% for GPIQ. GPIQ is cheaper to own at 0.29% a year vs 0.35%. Over the same 3 years (Oct 2023 to Oct 2026), GPIQ returned 23.2% a year with distributions reinvested, and JEPQ 20.0%.
GPIQGoldman Sachs Nasdaq-100 Premiu10.27%dividend yield
JEPQJPMorgan Nasdaq Equity Premium Income ETF11.71%dividend yield| Compared | GPIQ | JEPQ |
|---|---|---|
| YieldDividend yield | 10.27% | 11.71% |
| Expense ratio | 0.29% | 0.35% |
| Total return, 1 yr | +11.4% | +9.5% |
| Total return, 3 yr (a year) | +23.2% | +20.0% |
| Worst drop since Oct 2023 | -8.8% | -8.4% |
| Share price since Oct 2023 | +38% | +25% |
| Pays | Monthly | Monthly |
| Issuer | Goldman Sachs | JPMorgan |
| Assets | $6.4B | $42.5B |
| Started | 2023 | 2022 |
| Type | Derivative Income | Derivative Income |
Higher yield
JEPQ
11.71%
Lower cost
GPIQ
0.29%
Better total return
GPIQ
23.2%/yr
Smaller worst drop
JEPQ
-8.4%
Key facts: GPIQ vs JEPQ
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, GPIQ yields 10.27% (dividend yield) and JEPQ yields 11.71% (dividend yield).
- GPIQ's expense ratio is 0.29% and JEPQ's is 0.35%: $29 vs $35 a year on $10,000.
- From Oct 2023 to Oct 2026, $10,000 in GPIQ grew to $18,707 (23.2% a year) and $10,000 in JEPQ to $17,285 (20.0% a year), distributions reinvested.
- Their worst month-end drops over that time: -8.8% for GPIQ and -8.4% for JEPQ.
- 8 of GPIQ's top ten holdings are also in JEPQ's top ten, an overlap of at least 36% of the fund.
Cite this page
SmarterDividends, "GPIQ vs JEPQ: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/gpiq-vs-jepq
$10,000 in each, Oct 2023 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
GPIQ became
$18,707
23.2% a year
JEPQ became
$17,285
20.0% a year
Year by year
| Year | GPIQ | JEPQ |
|---|---|---|
| 2025 | +19.8% | +15.2% |
| 2024 | +23.2% | +24.8% |
Total return each calendar year, distributions reinvested.
Top holdings
8 of the top ten overlap, at least 36% of each fund.
GPIQ
- AAPL Apple Inc8.1%
- NVDA NVIDIA Corp7.7%
- MSFT Microsoft Corp6.4%
- MU Micron Technology Inc4.3%
- AMZN Amazon.com Inc4.1%
- AMD Advanced Micro Devices Inc3.4%
- TSLA Tesla Inc3.3%
- GOOGL Alphabet Inc Class A3.2%
- META Meta Platforms Inc Class A3.1%
- AVGO Broadcom Inc2.7%
JEPQ
- AAPL Apple Inc7.0%
- NVDA NVIDIA Corp7.0%
- MSFT Microsoft Corp5.6%
- MU Micron Technology Inc4.3%
- GOOG Alphabet Inc Class C4.1%
- AMZN Amazon.com Inc3.8%
- AMD Advanced Micro Devices Inc3.4%
- META Meta Platforms Inc Class A2.7%
- TSLA Tesla Inc2.4%
- WMT Walmart Inc2.0%
GPIQ vs JEPQ: questions
Is GPIQ or JEPQ better?
It depends on the job. JEPQ pays more today (11.71% vs 10.27%), GPIQ costs less, and GPIQ has the better total return over Oct 2023 to Oct 2026, with JEPQ holding up better in its worst stretch. For income, look at yield and whether the payouts hold up; for growth, total return and drawdowns.
Which pays a higher dividend, GPIQ or JEPQ?
JEPQ, at 11.71% against 10.27% for GPIQ as of Nov 5, 2026. On $10,000 that's about $1,171 vs $1,027 a year at today's rates.
Which has the better total return?
GPIQ. From Oct 2023 to Oct 2026, it returned 23.2% a year with distributions reinvested, against 20.0% for JEPQ. $10,000 became $18,707 vs $17,285.
Which is cheaper, GPIQ or JEPQ?
GPIQ, with a 0.29% expense ratio against 0.35%.
Do GPIQ and JEPQ hold the same things?
Partly. 8 of their top ten holdings match (AAPL, NVDA, MSFT, MU), at least 36% of each fund. Owning both doubles up on those.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. GPIQ leads on 4 of 6 measures above. For information only, not investment advice. Last fund data: Nov 5, 2026.