A side-by-side comparison of Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and Global X NASDAQ 100 Covered Call ETF (QYLD) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | GPIQ | QYLD |
|---|---|---|
| YTD Return | -7.12% | +0.28%✓ |
| 1-Day Change | -0.51% | -0.51%✓ |
| 1-Week Change | -1.50% | -1.01%✓ |
| 1-Month Change | -9.07% | -5.84%✓ |
| Current Price | $52.66 | $17.59 |
| AUM | $6.40B | $8.06B✓ |
| MER (Expense Ratio) | 0.27%✓ | 0.59% |
| Dividend Yield | 0.65% | 5.93%✓ |
| Distribution Frequency | — | — |
| Inception Date | 2023-10-24 | 2013-12-11 |
| Holdings Count | 99 | 99 |
| MorningStar Rating | — | — |
| Category | Unclassified | Unclassified |
| Beta | 1.04 | 0.47 |
| 52-Week High | $58.31 | $18.57 |
| 52-Week Low | $44.48 | $15.10 |
| 50-Day MA | $56.37 | $18.33 |
| 200-Day MA | $55.25 | $17.95 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | GPIQ | QYLD |
|---|---|---|
| YTD | -7.12% | +0.28%✓ |
| 1 Year | +9.21% | +13.17%✓ |
| 3 Year | +23.27%✓ | +15.00% |
| 5 Year | — | +7.72% |
| 10 Year | — | +9.91% |
| 1Y Volatility | 18.96% | 8.82% |
| Sharpe Ratio (3Y) | 1.46 | 1.38 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | AAPL | Apple Inc. | 8.38% |
| 2 | NVDA | NVIDIA Corporation | 7.51% |
| 3 | MSFT | Microsoft Corporation | 6.91% |
| 4 | AMZN | Amazon.com Inc | 4.64% |
| 5 | GOOGL | Alphabet Inc Class A | 3.50% |
| 6 | MU | Micron Technology Inc | 3.38% |
| 7 | META | Meta Platforms Inc. | 3.06% |
| 8 | TSLA | Tesla Inc | 3.03% |
| 9 | AMD | Advanced Micro Devices Inc | 2.97% |
| 10 | WMT | Walmart Inc. | 2.73% |
| 1 | AAPL | Apple Inc. | 8.59% |
| 2 | NVDA | NVIDIA Corporation | 7.43% |
| 3 | MSFT | Microsoft Corporation | 6.62% |
| 4 | AMZN | Amazon.com Inc | 4.69% |
| 5 | MU | Micron Technology Inc | 3.38% |
| 6 | AMD | Advanced Micro Devices Inc | 3.31% |
| 7 | TSLA | Tesla Inc | 3.10% |
| 8 | META | Meta Platforms Inc. | 3.28% |
| 9 | WMT | Walmart Inc. | 3.10% |
| 10 | GOOGL | Alphabet Inc Class A | 2.79% |
Sector Weights
| Sector | GPIQ | QYLD |
|---|---|---|
| Basic Materials | 1.14% | 1.09% |
| Communication Services | 11.74% | 11.54% |
| Consumer Cyclicals | 11.83% | 11.30% |
| Consumer Defensive | 7.63% | 6.75% |
| Energy | 0.37% | 0.42% |
| Financial Services | 0.32% | 0.22% |
| Healthcare | 5.32% | 5.20% |
| Industrials | 5.15% | 5.64% |
| Real Estate | 0.00% | 0.00% |
| Technology | 53.19% | 54.21% |
| Utilities | 1.25% | 1.16% |
About GPIQ
The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in investments in companies that are included in the fund"s benchmark. These investments may include equity securities such as common stock, preferred stock, warrants and other rights to acquire stock, and futures, forwards, options and derivatives on equity instruments that generate premium income for the fund. The fund is non…
About QYLD
The fund will invest at least 80% of its total assets in the securities of the underlying index. The CBOE NASDAQ-100® BuyWrite Index is a benchmark index that measures the performance of a theoretical portfolio that holds a portfolio of the stocks included in the NASDAQ-100® Index, and writes (or sells) a succession of one-month at-the-money NASDAQ-100® Index covered call options. It is non-diversified.
Which ETF is Right for You?
Both GPIQ and QYLD are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, QYLD scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between GPIQ and QYLD?
GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both Canadian-listed ETFs. Key differences include their AUM ($6.40B vs $8.06B), dividend yield (0.65% vs 5.93%), and year-to-date performance (-7.12% vs +0.28%).
Is GPIQ better than QYLD?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy GPIQ and QYLD on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both GPIQ and QYLD should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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