Compare/Updated Oct 26, 2026, refreshed every trading day
GPIQ vs JEPQ
Goldman Sachs Nasdaq-100 Premium Income ETF against JPMorgan Nasdaq Equity Premium Income ETF: 3 years of returns, risk and today’s technical read, from Kavout’s own data.
GPIQ did best over the 687 trading days, turning $1,000 into $1,615 (+61.5%), versus $1,561 (+56.1%) for QQQI and $1,518 (+51.8%) for JEPQ. Its edge matters because the funds moved almost identically: GPIQ’s correlation was 0.976 with JEPQ and 0.989 with QQQI, so the higher return came with similar underlying exposure, not meaningful diversification. GPIQ also had the highest recent volatility at 17.3% and the deepest drawdown at -21.1%. QQQI ranked second, with 16.8% volatility and a -20.0% drawdown, but charged the highest expense ratio at 0.68%. JEPQ delivered the lowest return but had the lowest volatility at 14.9% and a -20.1% drawdown. GPIQ and JEPQ each charge 0.35%; JEPQ has the largest fund assets at $43B.
- Price is above its 200-day average ($54); 50-day at $57.
- RSI 37, neutral. Supertrend says sell. ADX 24, so the trend is developing.
- Price is above its 200-day average ($56); 50-day at $59.
- RSI 36, neutral. Supertrend says sell. ADX 29, so the trend is strong.
Head to head
Which has returned more, GPIQ or JEPQ?
GPIQ beat JEPQ in 15 of the last 33 months; JEPQ won the other 18. The typical monthly gap was 0.58 points.
Total return by period
Which is riskier?
Both: Feb 19, 2025 to Apr 8, 2025
- 0.976
- correlation of daily moves, 3 years
- 1.11
- GPIQ move per 1% in JEPQ
- 0.960
- correlation, last 12 months
Month by month
Of the last 33 months. The typical gap was 0.58 points.
When did they diverge?
| Month | GPIQ | JEPQ | Gap |
|---|---|---|---|
| April 2026 | +12.7% | +7.8% | +4.85 pts |
| May 2026 | +8.5% | +4.2% | +4.32 pts |
| May 2025 | +7.6% | +3.7% | +3.89 pts |
| September 2026 | +1.8% | +4.1% | -2.36 pts |
Where the numbers come from. 687 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
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