GPIX vs JEPQ: Yield, Cost and Returns Compared
As of Nov 8, 2026, JEPQ yields more: 11.80% (dividend yield) against 7.89% for GPIX. GPIX is cheaper to own at 0.29% a year vs 0.35%. Over the same 3 years (Oct 2023 to Oct 2026), GPIX returned 21.1% a year with distributions reinvested, and JEPQ 20.0%.
GPIXGoldman Sachs S&P 500 Premium Income ETF7.89%dividend yield
JEPQJPMorgan Nasdaq Equity Premium Income ETF11.80%dividend yield| Compared | GPIX | JEPQ |
|---|---|---|
| YieldDividend yield | 7.89% | 11.80% |
| Expense ratio | 0.29% | 0.35% |
| Total return, 1 yr | +13.2% | +9.5% |
| Total return, 3 yr (a year) | +21.1% | +20.0% |
| Worst drop since Oct 2023 | -6.8% | -8.4% |
| Share price since Oct 2023 | +39% | +25% |
| Pays | Monthly | Monthly |
| Issuer | Goldman Sachs | JPMorgan |
| Assets | $6.4B | $42.5B |
| Started | 2023 | 2022 |
| Type | Derivative Income | Derivative Income |
Higher yield
JEPQ
11.80%
Lower cost
GPIX
0.29%
Better total return
GPIX
21.1%/yr
Smaller worst drop
GPIX
-6.8%
Key facts: GPIX vs JEPQ
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, GPIX yields 7.89% (dividend yield) and JEPQ yields 11.80% (dividend yield).
- GPIX'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 GPIX grew to $17,764 (21.1% a year) and $10,000 in JEPQ to $17,285 (20.0% a year), distributions reinvested.
- Their worst month-end drops over that time: -6.8% for GPIX and -8.4% for JEPQ.
- 5 of GPIX's top ten holdings are also in JEPQ's top ten, an overlap of at least 25% of the fund.
Cite this page
SmarterDividends, "GPIX vs JEPQ: Yield, Cost and Returns Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/gpix-vs-jepq
$10,000 in each, Oct 2023 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
GPIX became
$17,764
21.1% a year
JEPQ became
$17,285
20.0% a year
Year by year
| Year | GPIX | JEPQ |
|---|---|---|
| 2025 | +16.2% | +15.2% |
| 2024 | +21.8% | +24.8% |
Total return each calendar year, distributions reinvested.
Top holdings
5 of the top ten overlap, at least 25% of each fund.
GPIX
- AAPL Apple Inc7.7%
- NVDA NVIDIA Corp7.6%
- MSFT Microsoft Corp5.9%
- AMZN Amazon.com Inc3.6%
- XLC State Street® CommServSelSectSPDR®ETF3.5%
- GOOGL Alphabet Inc Class A2.8%
- AVGO Broadcom Inc2.4%
- LLY Eli Lilly and Co1.7%
- TSLA Tesla Inc1.7%
- BRK-B Berkshire Hathaway Inc Class B1.6%
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%
GPIX vs JEPQ: questions
Is GPIX or JEPQ better?
It depends on the job. JEPQ pays more today (11.80% vs 7.89%), GPIX costs less, and GPIX has the better total return over Oct 2023 to Oct 2026, with GPIX 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, GPIX or JEPQ?
JEPQ, at 11.80% against 7.89% for GPIX as of Nov 8, 2026. On $10,000 that's about $1,180 vs $789 a year at today's rates.
Which has the better total return?
GPIX. From Oct 2023 to Oct 2026, it returned 21.1% a year with distributions reinvested, against 20.0% for JEPQ. $10,000 became $17,764 vs $17,285.
Which is cheaper, GPIX or JEPQ?
GPIX, with a 0.29% expense ratio against 0.35%.
Do GPIX and JEPQ hold the same things?
Partly. 5 of their top ten holdings match (AAPL, NVDA, MSFT, AMZN), at least 25% 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. GPIX leads on 5 of 6 measures above. For information only, not investment advice. Last fund data: Nov 8, 2026.