Advertisement
GPIQ vs QYLD
Which ETF would AI Choose? Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) vs. Global X Nasdaq 100 Covered Call ETF (QYLD)
Key Takeaways
- GPIQ is an actively managed options-income fund (0.29% expense ratio) that sells call options on a portion of its Nasdaq-100 portfolio, preserving more upside participation.
- QYLD is a passive, index-based fund (0.60% expense ratio) that writes at-the-money call options on essentially the entire portfolio, prioritizing current income over capital appreciation.
- Both funds share a heavy technology tilt and overlapping top holdings, including NVIDIA, Apple, and Microsoft, but differ sharply in cost structure and upside capture.
- QYLD has a longer operating history (inception 2013) and a higher trailing distribution rate, while GPIQ (inception 2023) offers a lower fee and greater growth potential.
- The two funds serve different goals: income maximization favors QYLD, while a balance of income and appreciation favors GPIQ.
Introduction
Income-oriented investors increasingly compare GPIQ and QYLD because both monetize the volatility of the Nasdaq-100 by selling call options to generate monthly distributions. They are not direct competitors in strategy design, however: GPIQ is an actively managed vehicle that overlays options selectively, whereas QYLD is a rules-based buy-write fund that sells calls on virtually all of its equity exposure. Understanding this structural distinction is essential for anyone evaluating ETF comparison, sector exposure, and relative positioning in today's market.
Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) Overview
Launched in October 2023 by Goldman Sachs Asset Management, GPIQ seeks current income while maintaining prospects for capital appreciation. It invests at least 80% of its assets in companies included in the Nasdaq-100 Index and sells call options on the benchmark to generate premium income. Unlike a fully covered-call fund, GPIQ writes options on only a portion of its portfolio, which allows it to retain a meaningful share of market upside while still paying monthly distributions.
GPIQ typically holds roughly 100 equity positions, led by NVDA, AAPL, and MSFT, with AMZN, TSLA, META, GOOGL, GOOG, AVGO, and WMT also among the largest weights. Technology dominates, at roughly 53–58% of assets, followed by communication services, consumer cyclical, and consumer defensive names. The fund carries a 0.29% net expense ratio and is non-diversified.
Global X Nasdaq 100 Covered Call ETF (QYLD) Overview
QYLD, launched in December 2013, is one of the most established covered-call ETFs. It seeks to track the Cboe Nasdaq-100 BuyWrite V2 Index, which holds the constituents of the Nasdaq-100 and systematically sells at-the-money call options on the index. This structure caps capital appreciation when equities rally but generates comparatively high option premiums, which are distributed monthly.
The fund holds approximately 100 stocks, with a similar leadership group to GPIQ: NVDA, AAPL, MSFT, AMZN, and TSLA, alongside MU, AMD, and META. Information technology represents over 60% of the portfolio. QYLD charges a 0.60% net expense ratio, and its distributions may include return of capital.
Industry and Thematic Backdrop
Both funds sit at the intersection of two dominant market themes: large-cap technology leadership and the growing demand for income products. The Nasdaq-100 remains highly concentrated in semiconductors, software, and mega-cap internet platforms, making both ETFs sensitive to the artificial intelligence investment cycle, cloud spending, and the earnings momentum of their largest holdings. At the same time, investors seeking yield have driven rapid growth in options-income strategies, which monetize elevated implied volatility rather than relying on dividend-paying equities or bonds. Regulatory attention to derivative-income products, along with shifts in interest-rate expectations, influences both the level of option premiums these funds can harvest and the relative appeal of their distributions.
Performance and Positioning Comparison
Over recent months and market cycles, GPIQ has generally demonstrated greater participation in Nasdaq-100 gains because it sells calls on only a portion of its exposure, whereas QYLD's full at-the-money call overlay limits its upside in strong, trending markets. Conversely, QYLD has historically delivered a higher headline distribution rate, reflecting its more aggressive premium collection. In choppy or range-bound conditions, QYLD's income stream can appear more resilient, while GPIQ's structure is better suited to environments where growth stocks sustain upward momentum. Volatility levels also matter: elevated implied volatility raises premiums for both funds but benefits QYLD's full-overlay approach more directly.
AI Screener
Tickeron's AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of securities using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener helps identify trade ideas, trending names, breakout candidates, and emerging opportunities far more efficiently than manual screening. Explore the AI Screener to refine your own analysis today.
Tickeron AI Verdict
Based on observable structural factors, Tickeron's AI would likely favor GPIQ for most investors seeking a balance of income and growth. Its materially lower expense ratio (0.29% versus 0.60%), its active option overlay that preserves more upside participation, and its similar quality-of-holdings profile give it a structural efficiency edge. QYLD remains a compelling choice for investors whose primary objective is maximizing current income with a longer-established track record. The preferred vehicle ultimately depends on whether the priority is distribution yield or total-return potential.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is GPIQ is a Hold and QYLD is a Hold.
GPIQ in downward trend: 10-day moving average moved below 50-day moving average on October 23, 2026
The 10-day moving average for GPIQ crossed bearishly below the 50-day moving average on October 23, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 6 of 7 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 86%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 14, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on GPIQ as a result. In 38 of 52 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 73%.
The Moving Average Convergence Divergence Histogram (MACD) for GPIQ turned negative on October 13, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 29 similar instances when the indicator turned negative. In 23 of the 29 cases the stock turned lower in the days that followed. This puts the odds of success at 79%.
GPIQ moved below its 50-day moving average on October 29, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GPIQ declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 70%.
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for GPIQ's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a +1.77% 3-day Advance, the price is estimated to grow further. Considering data from situations where GPIQ advanced for three days, in 213 of 240 cases, the price rose further within the following month. The odds of a continued upward trend are 89%.
GPIQ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 238 of 264 cases where GPIQ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
QYLD in downward trend: 10-day moving average crossed below 50-day moving average on November 02, 2026
The 10-day moving average for QYLD crossed bearishly below the 50-day moving average on November 02, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 10 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 16, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on QYLD as a result. In 53 of 74 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 72%.
The Moving Average Convergence Divergence Histogram (MACD) for QYLD turned negative on October 08, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 56 similar instances when the indicator turned negative. In 31 of the 56 cases the stock turned lower in the days that followed. This puts the odds of success at 55%.
QYLD moved below its 50-day moving average on October 30, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QYLD declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 72%.
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for QYLD's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 31 of 38 cases where QYLD's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 82%.
Following a +1.15% 3-day Advance, the price is estimated to grow further. Considering data from situations where QYLD advanced for three days, in 334 of 411 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
QYLD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 377 of 431 cases where QYLD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 87%.
| GPIQ | QYLD | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 90% | 2 days ago 90% |
| Stochastic ODDS (%) | 2 days ago 90% | 2 days ago 82% |
| Momentum ODDS (%) | 2 days ago 73% | 2 days ago 72% |
| MACD ODDS (%) | 2 days ago 79% | 2 days ago 55% |
| TrendWeek ODDS (%) | 2 days ago 70% | 2 days ago 76% |
| TrendMonth ODDS (%) | 2 days ago 79% | 2 days ago 78% |
| Advances ODDS (%) | 7 days ago 89% | 7 days ago 81% |
| Declines ODDS (%) | 2 days ago 70% | 2 days ago 72% |
| BollingerBands ODDS (%) | 2 days ago 88% | 2 days ago 89% |
| Aroon ODDS (%) | 2 days ago 90% | 2 days ago 87% |
Advertisement
GPIQ and
Correlation & Price change
A.I.dvisor indicates that over the last year, GPIQ has been closely correlated with LRCX. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if GPIQ jumps, then LRCX could also see price increases.
| Ticker / NAME | Correlation To GPIQ | 1D Price Change % | ||
|---|---|---|---|---|
| GPIQ | 100% | -2.17% | ||
| LRCX - GPIQ | 76% Closely correlated | -4.83% | ||
| AMD - GPIQ | 75% Closely correlated | -7.52% | ||
| AMAT - GPIQ | 73% Closely correlated | -3.99% | ||
| KLAC - GPIQ | 71% Closely correlated | -3.04% | ||
| ASML - GPIQ | 71% Closely correlated | -2.54% | ||
More | ||||
QYLD and
Correlation & Price change
A.I.dvisor indicates that over the last year, QYLD has been loosely correlated with LRCX. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is some statistical probability that if QYLD jumps, then LRCX could also see price increases.
| Ticker / NAME | Correlation To QYLD | 1D Price Change % | ||
|---|---|---|---|---|
| QYLD | 100% | -1.23% | ||
| LRCX - QYLD | 66% Loosely correlated | -4.83% | ||
| AMAT - QYLD | 65% Loosely correlated | -3.99% | ||
| KLAC - QYLD | 64% Loosely correlated | -3.04% | ||
| ASML - QYLD | 63% Loosely correlated | -2.54% | ||
| AMD - QYLD | 62% Loosely correlated | -7.52% | ||
More | ||||
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| VCV | 9.29 | 0.03 | +0.32% |
| INVESCO CALIFORNIA VALUE MUNI Income TRUST | |||
| AUGP | 33.76 | -0.10 | -0.29% |
| PGIM S&P 500 Buffer 12 ETF - August (AUGP) | |||
| IAF | 12.39 | -0.11 | -0.88% |
| abrdn Australia Equity Fund | |||
| WEPN | 38.52 | -0.62 | -1.59% |
| Nicholas Defense And Rare Earth Income ETF | |||
| ALAI | 40.28 | -1.02 | -2.47% |
| Alger AI Enablers & Adopters ETF (ALAI) | |||