Data as of . Every figure is the income desk's own, on published data.
GPIX vs ULTY
What they hold in common
By the books each fund has filed, GPIX and ULTY hold 16% of their money in the same securities at the same weight.
| Holding | GPIX | ULTY |
|---|---|---|
| NVIDIA CORP | 7.33% | 4.80% |
| ALPHABET INC | 4.37% | 5.66% |
| AMAZON.COM INC | 3.39% | 5.16% |
| ADVANCED MICRO DEVICES INC | 1.48% | 4.15% |
| LAM RESEARCH CORP | 0.86% | 4.99% |
| ANALOG DEVICES INC | 0.35% | 5.47% |
| FORTINET INC | 0.23% | 3.56% |
| QUANTA SERVICES INC | 0.17% | 4.95% |
| ROBINHOOD MARKETS INC | 0.15% | 3.84% |
| PALANTIR TECHNOLOGIES INC | 0.13% | 4.40% |
| COMFORT SYSTEMS USA INC | 0.12% | 4.31% |
| COHERENT CORP | 0.11% | 4.50% |
| Only in GPIX | Only in ULTY |
|---|---|
| APPLE INC 6.47% | IREN Ltd 4.80% |
| MICROSOFT CORP 3.90% | Strategy Inc 4.65% |
| BROADCOM INC 2.80% | Astera Labs Inc 4.56% |
| MICRON TECHNOLOGY INC 2.02% | VanEck Gold Miners ETF/USA 4.33% |
| TESLA INC 1.89% | Amplify Junior Silver Miners E 4.21% |
| META PLATFORMS INC 1.67% | Shopify Inc 3.69% |
| BERKSHIRE HATHAWAY INC 1.51% | Southern Copper Corp 3.20% |
| ELI LILLY & COMPANY 1.48% | Reddit Inc 3.19% |
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 | |||
|---|---|---|---|---|---|---|
| GPIX | ULTY | GPIX | ULTY | GPIX | ULTY | |
| 3 months | +4.9% | +2.9% | 2.2% | 14.5% | +0.2 pts | −1.8 pts |
| 6 months | +13.8% | +12.9% | 4.5% | 29.9% | −1.3 pts | −2.3 pts |
| 1 year | +19.5% | −2.9% | 8.9% | 48.3% | −0.4 pts | −22.8 pts |
| Since launch | +81.7% | +10.0% | 30.5% | 86.5% | −11.4 pts | −46.2 pts |
| GPIX Goldman Sachs S&P 500 Premium Income ETF | ULTY YieldMax(R) Ultra Option Income Strategy ETF | |
|---|---|---|
| Issuer | Goldman Sachs | YieldMax |
| Strategy | covered call | synthetic covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | weekly |
| Payout rate, annualised | 8.5% | 60.4% |
| Expense ratio | not published | 1.30% |
| Cash paid, 1 year | 8.9% | 48.3% |
| Price change, 1 year | +9.8% | −52.1% |
| Total return, 1 year | +19.5% | −2.9% |
| Benchmark return, 1 year | +20.0% | +20.0% |
| Ahead or behind | −0.4 pts | −22.8 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 1044 days | 918 days |
GPIX in plain words
Over the year to Sep 4, 2026, GPIX paid 8.9% of its starting value in cash distributions while its price rose 9.8%. With every distribution reinvested, the fund returned +19.5%. S&P 500 (SPY) returned +20.0% over the same days, so a holder was about even. At its price on Sep 4, 2026 the latest distribution annualises to 8.5%, paid monthly.
ULTY in plain words
Over the year to Sep 4, 2026, ULTY paid 48.3% of its starting value in cash distributions while its price fell 52.1%. With every distribution reinvested, the fund returned −2.9%. S&P 500 (SPY), used as a default proxy returned +20.0% over the same days, so a holder was behind by 22.8 pts. At its price on Sep 4, 2026 the latest distribution annualises to 60.4%, paid weekly. YieldMax estimates that 100% 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, GPIX or ULTY?
- Over the year to Sep 4, 2026, GPIX paid 8.9% of its starting price in cash and ULTY paid 48.3%, so ULTY paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, GPIX or ULTY?
- With every distribution reinvested, GPIX returned +19.5% and ULTY returned −2.9% over the year to Sep 4, 2026, so GPIX 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, GPIX against ULTY, data as of Sep 4, 2026. https://etfiq.com/compare/income/GPIX-ULTY.html Free to use with attribution; the underlying files are at Open data.