Which paid more, APRJ or GPIQ?

Over the year to Nov 4, 2026, APRJ paid 6.2% of its starting price in cash and GPIQ paid 10.9%, so GPIQ paid more. Cash paid is not the same as money made: the price change matters too.

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

With every distribution reinvested, APRJ returned +6.2% and GPIQ +13.0% over the year to Nov 4, 2026.

Which is cheaper, APRJ or GPIQ?

APRJ charges 0.79% a year and GPIQ charges 0.29%, so GPIQ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

APRJ vs GPIQ: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, GPIQ paid 10.9% of its price in cash against APRJ’s 6.2%, and returned more with it reinvested.

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Net assets on Nov 3, 2026: $27m for Innovator Premium Income 30 Barrier ETF - April and $6.4bn for Goldman Sachs Nasdaq-100 Premium Income ETF.

APRJ on its own →GPIQ on its own →

At a glance

6.2%

APRJ cash paid, 1 year

10.9%

GPIQ cash paid, 1 year

+6.2%

APRJ total return, 1 year

+13.0%

GPIQ total return, 1 year

APRJ · 1 year to Nov 4, 2026 8.6 pts behind SPY

APRJ

+6.2%

SPY

+14.8%

8.6 pts behind SPY

APRJ over 1 year: paid 6.2%, price −0.1%, total +6.2%, SPY +14.8%, −8.6 pts. Data to Nov 4, 2026.

SPY

+14.8%

APRJ

+6.2%

6.2% of it arrived as cash

8.6 pts behind SPY

Total return, distributions reinvested

8.6 pts behind SPY

APRJ over 1 year: paid 6.2%, price −0.1%, total +6.2%, SPY +14.8%, −8.6 pts. Data to Nov 4, 2026.

SPY

+14.8%

APRJ

+6.2%

8.6 pts behind SPY

6.2% of it arrived as cash. Total return, distributions reinvested. APRJ over 1 year: paid 6.2%, price −0.1%, total +6.2%, SPY +14.8%, −8.6 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

GPIQ · 1 year to Nov 4, 2026 0.7 pts ahead of QQQ

GPIQ

+13.0%

QQQ

+12.3%

0.7 pts ahead of QQQ

GPIQ over 1 year: paid 10.9%, price +1.7%, total +13.0%, QQQ +12.3%, +0.7 pts. Data to Nov 4, 2026.

QQQ

+12.3%

GPIQ

+13.0%

10.9% of it arrived as cash

0.7 pts ahead of QQQ

Total return, distributions reinvested

0.7 pts ahead of QQQ

GPIQ over 1 year: paid 10.9%, price +1.7%, total +13.0%, QQQ +12.3%, +0.7 pts. Data to Nov 4, 2026.

QQQ

+12.3%

GPIQ

+13.0%

10.9% as cash

0.7 pts ahead of QQQ

10.9% of it arrived as cash. Both charts share one scale, with zero at the line. GPIQ over 1 year: paid 10.9%, price +1.7%, total +13.0%, QQQ +12.3%, +0.7 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

GPIQ costs 0.50 points a year less; their one-year returns differ by 6.8 points; GPIQ is far larger, $6.4bn against $27m.

Points (pts) are percentage points.

APRJ vs GPIQ: Dividend Yield & Total Return
Measure	APRJ	GPIQ
Paid and earned
Measure	APRJ	GPIQ
Total return, 1 year	+6.2%	+13.0%
Price change, 1 year	fell 0.1%	rose 1.7%
Return of capital, issuer estimate	53% of the Oct 2, 2026 payment
Against its benchmark
Measure	APRJ	GPIQ
Benchmark	S&P 500, measured through SPY	Nasdaq-100, measured through QQQ
Cost and size
Measure	APRJ	GPIQ
Expense ratio	0.79%	0.29%
Net assets, as of Nov 3, 2026	$27m	$6.4bn
Holdings
Measure	APRJ	GPIQ
Holdings in common	0%

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

IQ Income Score56.6APRJ69.8GPIQ

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

APRJ 56.6

GPIQ 69.8

0.3, the lowest in this set 99.7, the highest

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 →

Method

What they share

By the books each fund has filed, APRJ and GPIQ hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first APRJ GPIQ

Only in one fund ↓

Only in APRJ

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

APRJ Innovator Premium Income 30 Barrier ETF - April · Defined income on SPY, paying quarterly GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF · Covered call on QQQ, paying monthly

Issuer Innovator Goldman Sachs

Strategy defined income covered call

Benchmark S&P 500 (SPY) Nasdaq-100 (QQQ)

Pays quarterly monthly

Payout rate, annualized 6.9% 10.5%

Expense ratio 0.79% 0.29%

Cash paid, 1 year 6.2% 10.9%

Price change, 1 year −0.1% +1.7%

Total return, 1 year +6.2% +13.0%

Benchmark return, 1 year +14.8% +12.3%

Ahead or behind −8.6 pts +0.7 pts

Return of capital, latest estimate 53% not published

Age 3.6 years 3.0 years

Net assets, as of Nov 3, 2026 $27m $6.4bn

As of Nov 4, 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: APRJ vs GPIQ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	APRJ	GPIQ	APRJ	GPIQ	APRJ	GPIQ
3 months	+1.0%	−2.6%	1.7%	2.6%	+1.2 pts	+0.8 pts
6 months	+2.5%	+0.5%	3.4%	5.3%	−2.5 pts	+0.9 pts
1 year	+6.2%	+13.0%	6.2%	10.9%	−8.6 pts	+0.7 pts
3 years	+19.2%	+80.0%	17.7%	38.3%	−63.7 pts	−11.4 pts
Since launchNot the same days: APRJ Apr 2023 · GPIQ Oct 2023	+24.5%	+91.4%	21.1%	40.7%	−70.4 pts	−13.4 pts

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Alert

About each fund

APRJ

Over the year to Nov 4, 2026, APRJ paid 6.2% of its starting value in cash distributions while its price fell 0.1%. With every distribution reinvested, the fund returned +6.2%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 8.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.9%, paid quarterly. Innovator estimates that 53% of the distribution paid Oct 2, 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 Nov 4, 2026, GPIQ paid 10.9% of its starting value in cash distributions while its price rose 1.7%. With every distribution reinvested, the fund returned +13.0%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 0.7 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 10.5%, paid monthly.

Questions people ask

Which paid more, APRJ or GPIQ?: Over the year to Nov 4, 2026, APRJ paid 6.2% of its starting price in cash and GPIQ paid 10.9%, so GPIQ paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, APRJ or GPIQ?: With every distribution reinvested, APRJ returned +6.2% and GPIQ +13.0% over the year to Nov 4, 2026.
Which is cheaper, APRJ or GPIQ?: APRJ charges 0.79% a year and GPIQ charges 0.29%, so GPIQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

APRJ vs QYLD APRJ vs QQQI APRJ vs FTQI APRJ vs JEPQ GPIQ vs XYLD GPIQ vs GPIX GPIQ vs DIVO GPIQ vs SPYI

Where to next

S&P 500 (SPY) →Nasdaq-100 (QQQ) →APRJ on its own →GPIQ on its own →APRJ dividend history →GPIQ dividend history →GPIQ holdings →Method →Standards and sources →

Sources and dates

APRJ filings on SEC EDGAR ↗

APRJ prospectus with the expense ratio (SEC) ↗

APRJ 19a-1 distribution notice ↗

Innovator page for APRJ ↗

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, APRJ against GPIQ, data as of Nov 4, 2026. https://etfiq.com/compare/income/aprj-vs-gpiq

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.