Curated comparison

SPYI vs QQQI vs GPIX vs GPIQ

Compare newer active premium-income ETFs by index exposure, fee, yield, and operating history.

Dataset 97e56f011b2e · imported Sep 7, 2026 · issuer evidence checked 2026-09-08

FundYieldAUMExpenseCumulative returnPayoutStatus
SPYITax-aware S&P income12.04%$11.7B0.68%+78.0%MonthlySource-reported
QQQITax-aware Nasdaq income14.00%$14.1B0.68%+59.0%MonthlySource-reported
GPIXS&P premium income7.90%$5.5B0.29%+82.0%MonthlySource-reported
GPIQNasdaq premium income10.00%$5.4B0.29%+97.0%MonthlySource-reported

Yield, AUM, and cumulative return are source-reported and may use different as-of dates. Fees, inception, strategy, and payout cadence are checked against official issuer material. A distribution rate is not a total-return forecast.

Decision framework

How the choices differ

Start with the desired equity exposure—S&P 500 or Nasdaq-100—then compare fee, options flexibility, distribution composition, and live track record.

SPYI: Tax-aware S&P income

SPYI uses an active options approach rather than mechanically covering the whole index. That may retain more upside, but the higher fee, short operating history, and distribution composition deserve close review.

Key risk: Options execution, tax treatment, return of capital, and manager decisions can materially change investor outcomes.

QQQI: Tax-aware Nasdaq income

QQQI aims to preserve more upside flexibility than a full buy-write fund while generating significant monthly income. Its brief record makes scenario analysis more useful than extrapolating a single recent yield.

Key risk: Nasdaq concentration, option losses, return of capital, and a short live record make its distribution profile uncertain.

GPIX: S&P premium income

GPIX seeks a steadier distribution by writing calls on only part of its equity exposure. The partial overlay may preserve more upside than a full buy-write, but the live history is still short.

Key risk: A limited operating record and active option coverage make behavior across full market cycles unproven.

GPIQ: Nasdaq premium income

GPIQ applies Goldman Sachs’ partial call-writing framework to Nasdaq-100 exposure. It may capture more upside than a fully covered strategy, but remains sensitive to growth-stock valuations and manager execution.

Key risk: Technology concentration and active option decisions can amplify tracking error, while the short record limits stress-period evidence.

Method and limitation

The conclusion compares visible portfolio roles, costs, payout cadence, source-reported metrics, and stated strategy risks. It is educational, does not rank funds for every investor, and does not account for your taxes, time horizon, or portfolio.