ETF Evaluator:
Goldman Sachs Nasdaq-100 Premium Inc ETF ()
Follow This ETF
(as of Nov 13)
Best Performing in Derivative Income - Diversified Over the Last Year
| 24.9% | Federated Hermes Enhanced Income ETF (PAYR) |
| 21.1% | Amplify COWS Covered Call ETF (HCOW) |
| 20.5% | Parametric Equity Premium Income ETF (PAPI) |
| 20.2% | First Trust Small Cp BuyWrt Inc ETF (FTKI) |
| 19.9% | Cullen Enhanced Equity Income ETF (DIVP) |
Risk
Index
Risk
Index
ETF Details
Goldman Sachs Nasdaq-100 Premium Inc ETF Overview
Goldman Sachs Nasdaq-100 Premium Inc ETF (GPIQ) is an actively managed Nontraditional Equity Derivative Income - Diversified exchange-traded fund (ETF). Goldman Sachs launched the ETF in 2023.
The investment seeks current income while maintaining prospects for capital appreciation.
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-diversified.
About Goldman Sachs Nasdaq-100 Premium Inc ETF (GPIQ)
There are 3 members of the management team with an average tenure of 2.10 years: Aron Kershner (2025), Raj Garigipati (2023) and John Sienkiewicz (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and NASDAQ 100 TR USD index with a weighting of 100%. Goldman Sachs Nasdaq-100 Premium Inc ETF has 107 securities in its portfolio. The top 10 holdings constitute 46.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Goldman Sachs Nasdaq-100 Premium Inc ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. Goldman Sachs Nasdaq-100 Premium Inc ETF has 2.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.4% There is 2.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Goldman Sachs Nasdaq-100 Premium Inc ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $6 billion in total assets, which is above the $1 billion average for the Derivative Income - Diversified category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GPIQ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Goldman Sachs Nasdaq-100 Premium Inc ETF expense ratio is below average compared to funds in the Derivative Income - Diversified category. Goldman Sachs Nasdaq-100 Premium Inc ETF has an expense ratio of 0.29%, which is 60% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Goldman Sachs Nasdaq-100 Premium Inc ETF has a portfolio turnover rate of 19%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 65% for the Derivative Income - Diversified category.
Recently, in the month of October 2026, Goldman Sachs Nasdaq-100 Premium Inc ETF returned -5.5%, which earned it a grade of D, as the Derivative Income - Diversified category had an average return of -2.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Goldman Sachs Nasdaq-100 Premium Inc ETF has a trailing yield of 0.67%, which is below the 6.26% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Goldman Sachs Nasdaq-100 Premium Inc ETF Grades
Year to date, the ETF has returned 12.1%, 3.2 percentage points better than the category, which translates into a grade of B. The fund has returned 11.4% over the past year (grade of C) and 26.7% over the past three years (grade of A).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Goldman Sachs Nasdaq-100 Premium Inc ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
GPIQ Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GPIQ Return (NAV) | -5.5% | 0.4% | 11.4% | 26.7% | na | na |
| GPIQ Return (Price) | -5.5% | 0.4% | 11.4% | 26.7% | na | na |
| NAV +/- Price Return | -0.004% | -0.018% | -0.015% | -0.014% | na | na |
| Derivative Income - Diversified Avg | -2.0% | 0.9% | 10.1% | 16.5% | 8.1% | 8.1% |
| GPIQ Grade (NAV) | D | D | C | A | na | na |
| +/- Category (NAV) | -3.6% | -0.6% | 1.3% | 10.2% | na | na |
| GPIQ Tax-Cost Ratio | na | na | 0.3% | 1.6% | na | na |
GPIQ Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GPIQ Return (NAV) | 12.1% | 19.8% | 33.9% | na | na | na | na | na | na | na | na |
| GPIQ Return (Price) | 12.1% | 19.8% | 33.9% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.002% | -0.002% | 0.002% | na | na | na | na | na | na | na | na |
| Derivative Income - Diversified Avg | 8.9% | 13.8% | 15.9% | 16.3% | -11.8% | 19.1% | 3.7% | 19.2% | -5.9% | 14.0% | 7.1% |
| GPIQ Grade (NAV) | B | A | A | na | na | na | na | na | na | na | na |
| +/- Category | 3.2% | 6.0% | 17.9% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.04 |
| R-Squared: | 80% |
| Standard Deviation: | 14.7% |
| Category Risk Index: | 1.42 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.21 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 0.7% |
| Total Assets: | $ 6,362 Mil |
| Share Class Assets: | $ 6,362 Mil |
| Turnover: | 19.0% |
| Expense Ratio: | 0.29% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 3.0 years | |||
| Average Tenure: 2.1 years | |||
| Managers (Year): Garigipati Raj (2023), Sienkiewicz John (2025), Kershner Aron (2025) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 107 |
| % in Top 10 Holdings: | 46.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 2.6% |
Portfolio Allocation |
|
| Domestic Stock: | 97.4% |
| Foreign Stock: | 2.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Goldman Sachs |
| Phone Number: | 800-621-2550 |
| Website: | am.gs.com |
| Inception Date: | October 24, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.29% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.73% |
