A side-by-side comparison of Global X NASDAQ 100 Covered Call ETF (QYLD) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) 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 | QYLD | GPIQ |
|---|---|---|
| YTD Return | +5.86%✓ | +1.61% |
| 1-Day Change | +0.11%✓ | -0.64% |
| 1-Week Change | +0.22%✓ | -0.72% |
| 1-Month Change | +2.20%✓ | +3.17% |
| Current Price | $18.57 | $57.61 |
| AUM | $8.51B✓ | $6.12B |
| MER (Expense Ratio) | 0.61% | 0.29%✓ |
| Dividend Yield | 6.71%✓ | 0.63% |
| Distribution Frequency | NA | — |
| Inception Date | 2013-12-11 | 2023-10-24 |
| Holdings Count | 50 | 50 |
| MorningStar Rating | ★★★★ | — |
| Category | Derivative Income | Derivative Income |
| Beta | 0.49 | 0.00 |
| 52-Week High | $18.59 | $57.88 |
| 52-Week Low | $14.97 | $44.87 |
| 50-Day MA | $18.16 | $56.66 |
| 200-Day MA | $17.88 | $54.85 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | QYLD | GPIQ |
|---|---|---|
| YTD | +5.86%✓ | +1.61% |
| 1 Year | +24.26% | +24.49%✓ |
| 3 Year | +17.54% | — |
| 5 Year | +9.04% | — |
| 10 Year | +10.25% | — |
| 1Y Volatility | 8.59% | 17.70% |
| Sharpe Ratio (3Y) | 1.26 | — |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | NVDA | NVIDIA Corporation | 8.72% |
| 2 | AAPL | Apple Inc. | 7.81% |
| 3 | MSFT | Microsoft Corporation | 5.98% |
| 4 | MU | Micron Technology Inc | 5.20% |
| 5 | AMD | Advanced Micro Devices Inc | 4.33% |
| 6 | AMZN | Amazon.com Inc | 4.20% |
| 7 | META | Meta Platforms Inc. | 3.36% |
| 8 | GOOGL | Alphabet Inc Class A | 3.19% |
| 9 | TSLA | Tesla Inc | 2.97% |
| 10 | GOOG | Alphabet Inc Class C | 2.95% |
| 1 | NVDA | NVIDIA Corporation | 8.54% |
| 2 | AAPL | Apple Inc. | 7.67% |
| 3 | MSFT | Microsoft Corporation | 5.79% |
| 4 | MU | Micron Technology Inc | 5.06% |
| 5 | AMD | Advanced Micro Devices Inc | 4.27% |
| 6 | AMZN | Amazon.com Inc | 4.06% |
| 7 | GOOGL | Alphabet Inc Class A | 3.81% |
| 8 | META | Meta Platforms Inc. | 3.33% |
| 9 | TSLA | Tesla Inc | 2.71% |
| 10 | SPCX | Space Exploration Technologies Corp. Class A Common Stock | 2.66% |
Sector Weights
| Sector | QYLD | GPIQ |
|---|---|---|
| Basic Materials | 0.90% | 0.93% |
| Communication Services | 12.84% | 12.80% |
| Consumer Cyclicals | 10.22% | 10.10% |
| Consumer Defensive | 5.63% | 5.42% |
| Energy | 0.46% | 0.48% |
| Financial Services | 0.19% | 0.13% |
| Healthcare | 3.76% | 3.78% |
| Industrials | 5.10% | 5.05% |
| Real Estate | 0.00% | 0.00% |
| Technology | 59.88% | 60.37% |
| Utilities | 1.01% | 0.94% |
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.
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…
Which ETF is Right for You?
Both QYLD and GPIQ 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 QYLD and GPIQ?
QYLD (Global X NASDAQ 100 Covered Call ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both Canadian-listed ETFs. Key differences include their AUM ($8.51B vs $6.12B), dividend yield (6.71% vs 0.63%), and year-to-date performance (+5.86% vs +1.61%).
Is QYLD better than GPIQ?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, QYLD has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy QYLD and GPIQ on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both QYLD and GPIQ should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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