Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.
GPIQ vs SPY
Goldman Sachs Nasdaq-100 Premium Income ETF and SPDR S&P 500 ETF Trust.
What they hold in common
By the books each fund has filed, GPIQ and SPY hold 53% of their money in the same securities at the same weight.
| Holding | GPIQ | SPY |
|---|---|---|
| NVIDIA CORP | 7.48% | 7.52% |
| APPLE INC | 6.59% | 6.59% |
| MICROSOFT CORP | 3.96% | 4.30% |
| AMAZON.COM INC | 4.20% | 3.62% |
| ALPHABET INC | 3.54% | 3.25% |
| BROADCOM INC | 2.69% | 2.77% |
| ALPHABET INC | 2.57% | 2.59% |
| MICRON TECHNOLOGY INC | 5.62% | 2.02% |
| META PLATFORMS INC | 2.78% | 1.92% |
| TESLA INC | 3.17% | 1.84% |
| ADVANCED MICRO DEVICES INC | 4.11% | 1.47% |
| INTEL CORP | 3.01% | 1.02% |
| Only in GPIQ | Only in SPY |
|---|---|
| LINDE PLC 1.11% | Eli Lilly & Co. 1.47% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 0.90% | Berkshire Hathaway, Inc. 1.42% |
| ASML HOLDING NV 0.83% | JPMorgan Chase & Co. 1.36% |
| ARM HOLDINGS PLC 0.67% | Johnson & Johnson 0.95% |
| SHOPIFY INC 0.52% | Visa, Inc. 0.88% |
| MERCADOLIBRE INC 0.44% | Exxon Mobil Corp. 0.88% |
| ASTERA LABS INC 0.37% | Caterpillar, Inc. 0.76% |
| NXP SEMICONDUCTORS NV 0.35% | AbbVie, Inc. 0.69% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings as filed for Jun 30, 2026.
| GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF | SPY SPDR S&P 500 ETF Trust | |
|---|---|---|
| Where it sits | Income desk | Core fund |
| Issuer | Goldman Sachs | State Street |
| What it is | covered call, vs QQQ | S&P 500, book from IVV |
| Total return, 1 year | +24.2% | +20.0% |
| S&P 500 over the same days | +25.6% | +20.0% |
| Gap to the S&P 500 | −1.4 pts | +0.0 pts |
| Cash paid, 1 year | 11.3% | not an income fund |
| Expense ratio | not published | not published |
| Holdings | n/a | 504 |
GPIQ in plain words
Over the year to Sep 4, 2026, GPIQ paid 11.3% of its starting value in cash distributions while its price rose 11.8%. With every distribution reinvested, the fund returned +24.2%. Nasdaq-100 (QQQ) returned +25.6% over the same days, so a holder was behind by 1.4 pts. At its price on Sep 4, 2026 the latest distribution annualises to 10.5%, paid monthly.
SPY in plain words
SPY is a index equity fund tracking S&P 500, book from IVV. Over the year to Sep 4, 2026 it returned +20.0% with distributions reinvested, against +20.0% for the S&P 500 and +25.6% for the Nasdaq-100. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 36.4%.
Questions people ask
- Which returned more over the last year, GPIQ or SPY?
- In the year to Sep 4, 2026, with distributions reinvested, GPIQ returned +24.2% and SPY returned +20.0%, so GPIQ returned more. One year is one year; the longer windows are in the table.
- Are GPIQ and SPY the same kind of fund?
- No. GPIQ is an option-income ETF and SPY is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, GPIQ against SPY, data as of Sep 4, 2026. https://etfiq.com/compare/any/GPIQ-SPY.html Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources