Which paid more, APLY or GPIQ?

Over the year to Oct 28, 2026, APLY paid 28.6% of its starting price in cash and GPIQ paid 10.6%, so APLY paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, APLY or GPIQ?

With every distribution reinvested, APLY returned +18.2% and GPIQ +16.1% over the year to Oct 28, 2026.

Which is cheaper, APLY or GPIQ?

APLY charges 1.04% a year and GPIQ charges 0.29%, so GPIQ is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Income ETFs

APLY vs GPIQ: Dividend Yield & Total Return

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Over the year to Oct 28, 2026, APLY paid 28.6% of its price in cash against GPIQ’s 10.6%, and returned more with it reinvested.

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Net assets on Oct 27, 2026: $112m for YieldMax AAPL Option Income Strategy ETF and $6.5bn for Goldman Sachs Nasdaq-100 Premium Income ETF.

APLY on its own →GPIQ on its own →

At a glance

28.6%

APLY cash paid, 1 year

10.6%

GPIQ cash paid, 1 year

+18.2%

APLY total return, 1 year

+16.1%

GPIQ total return, 1 year

APLY · 1 year to Oct 28, 2026 10.1 pts behind AAPL

APLY

+18.2%

AAPL

+28.3%

10.1 pts behind AAPL

APLY over 1 year: paid 28.6%, price −14.2%, total +18.2%, AAPL +28.3%, −10.1 pts. Data to Oct 28, 2026.

AAPL

+28.3%

APLY

+18.2%

28.6% of it arrived as cash

10.1 pts behind AAPL

Total return, distributions reinvested

10.1 pts behind AAPL

APLY over 1 year: paid 28.6%, price −14.2%, total +18.2%, AAPL +28.3%, −10.1 pts. Data to Oct 28, 2026.

AAPL

+28.3%

APLY

+18.2%

28.6% cash

10.1 pts behind AAPL

28.6% of it arrived as cash. Total return, distributions reinvested. APLY over 1 year: paid 28.6%, price −14.2%, total +18.2%, AAPL +28.3%, −10.1 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

GPIQ · 1 year to Oct 28, 2026 0.9 pts ahead of QQQ

GPIQ

+16.1%

QQQ

+15.2%

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%

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 0.75 points a year less; their one-year returns differ by 2.1 points; GPIQ is far larger, $6.5bn against $112m.

Points (pts) are percentage points.

APLY vs GPIQ: Dividend Yield & Total Return
Measure	APLY	GPIQ
Paid and earned
Measure	APLY	GPIQ
Total return, 1 year	+18.2%	+16.1%
Price change, 1 year	fell 14.2%	rose 4.5%
Against its benchmark
Measure	APLY	GPIQ
Benchmark	Apple (AAPL)	Nasdaq-100, measured through QQQ
Cost and size
Measure	APLY	GPIQ
Expense ratio	1.04%	0.29%
Net assets, as of Oct 27, 2026	$112m	$6.5bn
Holdings
Measure	APLY	GPIQ
Holdings in common	0%

ETFIQ Distribution Coverage Score · APLY scores higher How much of what it paid out did its total return cover?

APLY among the 74 income ETFs writing on a single company

IQ Income Score84.5APLY79.6GPIQ

How much of its payouts the fund's total return covered, ranked against 74 income ETFs writing on a single company and 164 income ETFs not writing on a single company. 100 is best. How it is computed

APLY 84.5

0.7, the lowest in this set 99.3, the highest

GPIQ among the 164 income ETFs not writing on a single company

GPIQ 79.6

0.3, the lowest in this set 99.7, the highest

A percentile among the 74 income ETFs writing on a single company. GPIQ is a percentile among the 164 income ETFs not writing on a single company, a different set, so the two marks are not on one scale. 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 Jun 30, 2026 and Oct 28, 2026. Method

What they share

By the books each fund has filed, APLY and GPIQ hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 28, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first APLY GPIQ

Only in one fund ↓

Only in APLY

United States Treasury Note/Bond 3.375% 09/15/2027 26.10%

United States Treasury Note/Bond 2.375% 05/15/2027 13.93%

AAPL 12/18/2026 310.01 C 11.68%

AAPL US 10/30/26 C352.5 0.03%

AAPL US 10/30/26 C355 0.02%

AAPL US 10/30/26 C350 -0.12%

AAPL US 10/30/26 C347.5 -0.13%

AAPL 12/18/2026 310.01 P -0.86%

Only in GPIQ

NVIDIA CORP 7.47%

APPLE INC 6.59%

MICRON TECHNOLOGY INC 5.62%

AMAZON.COM INC 4.20%

ADVANCED MICRO DEVICES INC 4.10%

MICROSOFT CORP 3.95%

ALPHABET INC 3.54%

TESLA INC 3.17%

Check overlap with more funds →

Side by side

APLY YieldMax AAPL Option Income Strategy ETF · Synthetic covered call on AAPL, paying weekly GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF · Covered call on QQQ, paying monthly

Issuer YieldMax Goldman Sachs

Strategy synthetic covered call covered call

Benchmark Apple (AAPL) Nasdaq-100 (QQQ)

Pays weekly monthly

Payout rate, annualized 20.9% 10.7%

Expense ratio 1.04% 0.29%

Cash paid, 1 year 28.6% 10.6%

Price change, 1 year −14.2% +4.5%

Total return, 1 year +18.2% +16.1%

Benchmark return, 1 year +28.3% +15.2%

Ahead or behind −10.1 pts +0.9 pts

Return of capital, latest estimate not published not published

Age 3.5 years 3.0 years

Net assets, as of Oct 27, 2026 $112m $6.5bn

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

Window by window: APLY vs GPIQ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	APLY	GPIQ	APLY	GPIQ	APLY	GPIQ
3 months	0.0%	+9.1%	6.7%	2.8%	−1.8 pts	−0.7 pts
6 months	+18.3%	+9.1%	17.5%	5.5%	−9.2 pts	−0.8 pts
1 year	+18.2%	+16.1%	28.6%	10.6%	−10.1 pts	+0.9 pts
3 years	+63.0%	+99.1%	73.1%	39.4%	−44.1 pts	−14.6 pts
Since launchNot the same days: APLY Apr 2023 · GPIQ Oct 2023	+62.0%	+99.7%	76.2%	39.5%	−47.9 pts	−15.0 pts

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Alert

About each fund

APLY

Over the year to Oct 28, 2026, APLY paid 28.6% of its starting value in cash distributions while its price fell 14.2%. With every distribution reinvested, the fund returned +18.2%. Apple (AAPL) returned +28.3% over the same days, so a holder was behind by 10.1 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 20.9%, paid weekly.

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

Which paid more, APLY or GPIQ?: Over the year to Oct 28, 2026, APLY paid 28.6% of its starting price in cash and GPIQ paid 10.6%, so APLY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, APLY or GPIQ?: With every distribution reinvested, APLY returned +18.2% and GPIQ +16.1% over the year to Oct 28, 2026.
Which is cheaper, APLY or GPIQ?: APLY charges 1.04% a year and GPIQ charges 0.29%, so GPIQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

APLY vs QYLD APLY vs QQQI APLY vs JEPQ APLY vs QDTE GPIQ vs OVLH GPIQ vs MSFO GPIQ vs MAGY GPIQ vs DOGG

Where to next

Nasdaq-100 (QQQ) →APLY on its own →GPIQ on its own →APLY dividend history →APLY holdings →GPIQ dividend history →GPIQ holdings →Method →Standards and sources →

Sources and dates

APLY filings on SEC EDGAR ↗

APLY prospectus with the expense ratio (SEC) ↗

APLY 19a-1 distribution notice ↗

YieldMax page for APLY ↗

GPIQ filings on SEC EDGAR ↗

GPIQ prospectus with the expense ratio (SEC) ↗

Goldman Sachs website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, APLY against GPIQ, data as of Oct 28, 2026. https://etfiq.com/compare/income/aply-vs-gpiq

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