Data as of Oct 28, 2026.
AIPI vs GPIQ: Dividend Yield & Total Return
Over the year to Oct 28, 2026, AIPI paid 30.4% of its price in cash against GPIQ’s 10.6%, though GPIQ returned more with it reinvested.
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Net assets on Oct 27, 2026: $490m for REX AI EQUITY PREMIUM INCOME ETF and $6.5bn for Goldman Sachs Nasdaq-100 Premium Income ETF.
1.9 pts ahead of SPY
AIPI over 1 year: paid 30.4%, price −19.4%, total +15.5%, SPY +13.6%, +1.9 pts. Data to Oct 28, 2026.
SPY
+13.6%
AIPI
+15.5%
30.4% of it arrived as cash
1.9 pts ahead of SPY
Total return, distributions reinvested
1.9 pts ahead of SPY
AIPI over 1 year: paid 30.4%, price −19.4%, total +15.5%, SPY +13.6%, +1.9 pts. Data to Oct 28, 2026.
SPY
+13.6%
AIPI
+15.5%
30.4% as cash
1.9 pts ahead of SPY
30.4% of it arrived as cash. Total return, distributions reinvested. AIPI over 1 year: paid 30.4%, price −19.4%, total +15.5%, SPY +13.6%, +1.9 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.0.9 pts ahead of QQQ
GPIQ over 1 year: paid 10.6%, price +4.5%, total +16.1%, QQQ +15.2%, +0.9 pts. Data to Oct 28, 2026.
QQQ
+15.2%
GPIQ
+16.1%
10.6% of it arrived as cash
0.9 pts ahead of QQQ
Total return, distributions reinvested
0.9 pts ahead of QQQ
GPIQ over 1 year: paid 10.6%, price +4.5%, total +16.1%, QQQ +15.2%, +0.9 pts. Data to Oct 28, 2026.
QQQ
+15.2%
GPIQ
+16.1%
10.6% cash
0.9 pts ahead of QQQ
10.6% of it arrived as cash. Both charts share one scale, with zero at the line. GPIQ over 1 year: paid 10.6%, price +4.5%, total +16.1%, QQQ +15.2%, +0.9 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.Pair scorecard
GPIQ costs 0.36 points a year less; their one-year returns differ by 0.6 points; GPIQ is 13.3 times larger.
Points (pts) are percentage points.
| Measure | AIPI | GPIQ |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +15.5% | +16.1% |
| Price change, 1 year | fell 19.4% | rose 4.5% |
| Return of capital, issuer estimate | 100% of the Oct 8, 2026 payment | |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.65% | 0.29% |
| Net assets, as of Oct 27, 2026 | $490m | $6.5bn |
| Holdings | ||
| Holdings in common | 42% | |
How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company. 100 is best. How it is computed
A percentile among the 164 income ETFs not writing on a single company. One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →
Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026. Method
Risk and return
Jun 14, 2024 to Oct 23, 2026 · 123 weekly returnsEach against its own benchmark: AIPI against SPY, Jun 14, 2024 to Oct 23, 2026; GPIQ against QQQ, Nov 3, 2023 to Oct 23, 2026.
GPIQ returned slightly more: +47.3% to +44.7%. GPIQ swung less: 17.4% to 21.3%. GPIQ fell less at its worst: −19.5% to −24.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | AIPI | GPIQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +44.7% | +47.3% | GPIQ (slight) | Price change plus distributions, reinvested. |
| Annualized | +16.9% | +17.8% | GPIQ (slight) | Total return as a yearly rate. |
| Price return | −34.5% | +15.2% | GPIQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.3% | 17.4% | GPIQ | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.0% | 11.6% | GPIQ | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −24.9% | −19.5% | GPIQ | Deepest fall from a high to the low after it. |
| Upside capture | 130.1% | 76.7% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 116.5% | 88.7% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.22 | 0.85 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.72 | 0.99 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.64 | 0.79 | GPIQ | Return above Treasury bills per unit of volatility. |
| Sortino | 0.92 | 1.18 | GPIQ | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.112 | 0.202 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.68 | 0.91 | GPIQ | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | QQQ | The ETF each fund is measured against. | |
| Alpha | −1.4% a year | +0.3% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.19 | 0.29 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −16.0% to +13.2% | −1.7% to +2.3% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.12 | −0.79 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 11.7% | 3.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 123 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AIPI and GPIQ hold 42% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jun 30, 2026.
half
42% in common
Only in one fund ↓
Side by side
As of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.
Window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | AIPI | GPIQ | AIPI | GPIQ | AIPI | GPIQ |
| 3 months | +19.0% | +9.1% | 9.7% | 2.8% | +12.9 pts | −0.7 pts |
| 6 months | +18.5% | +9.1% | 15.9% | 5.5% | +9.4 pts | −0.8 pts |
| 1 year | +15.5% | +16.1% | 30.4% | 10.6% | +1.9 pts | +0.9 pts |
| 3 years | – | +99.1% | – | 39.4% | – | −14.6 pts |
| Since launchNot the same days: AIPI Jun 2024 · GPIQ Oct 2023 | +58.9% | +99.7% | 67.1% | 39.5% | +8.5 pts | −15.0 pts |
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AIPI and GPIQ are built for the same job. How do they differ in cost, holdings and results?
- Income paid. AIPI paid 30.4% and GPIQ 10.6% (cash paid over 1 year, as a share of its price at the start), a gap of 19.8 points.
- What each is measured against. AIPI is measured against S&P 500 through SPY and GPIQ against Nasdaq-100 through QQQ.
- Holdings in common. 42% of the weight is in the same securities (holdings dated May 31, 2026 and Jun 30, 2026).
Data as of Oct 28, 2026.
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AIPI
Over the year to Oct 28, 2026, AIPI paid 30.4% of its starting value in cash distributions while its price fell 19.4%. With every distribution reinvested, the fund returned +15.5%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was ahead by 1.9 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 34.3%, paid weekly. REX estimates that 100% of the distribution paid Oct 8, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
GPIQ
Over the year to Oct 28, 2026, GPIQ paid 10.6% of its starting value in cash distributions while its price rose 4.5%. With every distribution reinvested, the fund returned +16.1%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was ahead by 0.9 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 10.7%, paid monthly.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, AIPI against GPIQ, data as of Oct 28, 2026. https://etfiq.com/compare/income/aipi-vs-gpiq
ETFIQ. (Oct 28, 2026). AIPI against GPIQ. Retrieved from https://etfiq.com/compare/income/aipi-vs-gpiq
[AIPI against GPIQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/income/aipi-vs-gpiq)
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