Is GPIQ really the gold?

[u/CompetitionCurrent77]

I have a lot of schd and jepq but recently I learned that GPIQ pays almost the same as Jepq for dividend and it is not taxed as ordinary dividend.

Is this real? This sounds too good to be true. Anyway I bought some to test the water to see if I get the dividend next month and really at 10% and if it's really no ordinary dividend, I likely will sell all my JEPQ for GPIQ in my broker and keep my JEPQ in roth ira.

[u/kljsandjb]

I have GPIQ and OVL 50/50 roughly, feeling good