JEPQ vs. GPIQ: Top Investor Selects the Superior High-Yield Dividend ETF to Buy

Dividend ETFs have become a go-to choice for investors seeking dependable income while still maintaining exposure to the stock market's long-term upside potential. That appeal has grown stronger during periods when economic uncertainty, elevated interest rates, and market volatility make traditional growth investing feel far less predictable. Covered-call ETFs, in particular, have gained popularity because they combine ownership of large-cap stocks with option-income strategies designed to generate sizable distributions throughout the year.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Among the most widely followed funds in that category are the J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ) and the Goldman Sachs Nasdaq 100 Core Premium Income ETF (GPIQ). Both funds provide exposure to many of the technology sector's largest companies while paying high yields through monthly distributions. Yet, top investor Steven Fiorillo, who ranks 6 out of 28,384 financial experts on TipRanks, believes only one currently stands out as attractive enough to buy. Let's take a closer look. J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ) J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ) has become one of the most popular covered-call ETFs because it gives investors exposure to Nasdaq-100 companies while generating income through equity-linked notes and option premiums. The ETF carries a 0.35% expense ratio and distributes income on a monthly basis, with the current distribution yield sitting at 10.39%. The portfolio leans heavily toward large technology companies that dominate the broader Nasdaq index. Its five largest positions currently include Microsoft (MSFT), Nvidia (NVDA), Apple (AAPL), Amazon (AMZN), and Meta Platforms (META). That combination of technology exposure alongside recurring monthly income has helped JEPQ draw substantial interest among investors looking for both cash flow and equity participation. Still, Fiorillo has become much less enthusiastic about the ETF's recent performance. The investor argues that competing strategies are delivering stronger results while JEPQ continues falling behind both peers and the Nasdaq itself. Comparing year-to-date returns, Fiorillo points out that GPIQ has outperformed JEPQ through both capital appreciation and income generation. While the investor still believes JEPQ can remain profitable for shareholders, he warned that "the opportunity cost is real and its getting hard not to exit the position." Fiorillo also stated there is "certainly a chance" he downgrades the ETF again later this year if the strategy continues lagging alternative approaches.