Data as of . Every figure is the income desk's own, on published data.
GPIQ vs YMAX
What they hold in common
By the books each fund has filed, GPIQ and YMAX hold 0% of their money in the same securities at the same weight.
| Only in GPIQ | Only in YMAX |
|---|---|
| NVIDIA CORP 7.48% | YieldMax AMD Option Income Strategy ETF 6.95% |
| APPLE INC 6.59% | Yieldmax Amzn Option Income ETF 5.36% |
| MICRON TECHNOLOGY INC 5.62% | Yieldmax Tsm Option Income Strategy ETF 5.01% |
| AMAZON.COM INC 4.20% | YieldMax Crypto Industry & Tec 4.99% |
| ADVANCED MICRO DEVICES INC 4.11% | YieldMax GOOGL Option Income S 4.88% |
| MICROSOFT CORP 3.96% | YieldMax MARA Option Income Strategy ETF 4.80% |
| ALPHABET INC 3.54% | YieldMax AI & Tech Portfolio Option Inco 4.72% |
| TESLA INC 3.17% | YieldMax Semiconductor Portfolio Option 4.66% |
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 Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| GPIQ | YMAX | GPIQ | YMAX | GPIQ | YMAX | |
| 3 months | +2.4% | +7.1% | 2.6% | 10.9% | +0.3 pts | +2.4 pts |
| 6 months | +17.1% | +18.0% | 5.8% | 24.4% | −3.1 pts | +2.8 pts |
| 1 year | +24.2% | +3.5% | 11.3% | 40.0% | −1.4 pts | −16.5 pts |
| Since launch | +97.4% | +44.0% | 38.2% | 91.0% | −15.2 pts | −24.0 pts |
| GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF | YMAX YieldMax(R) Universe Fund of Option Income ETFs | |
|---|---|---|
| Issuer | Goldman Sachs | YieldMax |
| Strategy | covered call | synthetic covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | weekly |
| Payout rate, annualised | 10.5% | 40.6% |
| Expense ratio | not published | 1.33% |
| Cash paid, 1 year | 11.3% | 40.0% |
| Price change, 1 year | +11.8% | −38.7% |
| Total return, 1 year | +24.2% | +3.5% |
| Benchmark return, 1 year | +25.6% | +20.0% |
| Ahead or behind | −1.4 pts | −16.5 pts |
| Return of capital, latest estimate | not published | 43% |
| Age | 1044 days | 961 days |
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.
YMAX in plain words
Over the year to Sep 4, 2026, YMAX paid 40.0% of its starting value in cash distributions while its price fell 38.7%. With every distribution reinvested, the fund returned +3.5%. S&P 500 (SPY), used as a default proxy returned +20.0% over the same days, so a holder was behind by 16.5 pts. At its price on Sep 4, 2026 the latest distribution annualises to 40.6%, paid weekly. YieldMax estimates that 43% of the distribution paid Sep 3, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
Questions people ask
- Which paid more, GPIQ or YMAX?
- Over the year to Sep 4, 2026, GPIQ paid 11.3% of its starting price in cash and YMAX paid 40.0%, so YMAX paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, GPIQ or YMAX?
- With every distribution reinvested, GPIQ returned +24.2% and YMAX returned +3.5% over the year to Sep 4, 2026, so GPIQ returned more.
Other comparisons
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 YMAX, data as of Sep 4, 2026. https://etfiq.com/compare/income/GPIQ-YMAX.html Free to use with attribution; the underlying files are at Open data.