Which paid more, APRJ or GPIX?

Over the year to Nov 4, 2026, APRJ paid 6.2% of its starting price in cash and GPIX paid 8.8%, so GPIX 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 GPIX?

With every distribution reinvested, APRJ returned +6.2% and GPIX +15.6% over the year to Nov 4, 2026.

Which is cheaper, APRJ or GPIX?

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

Data as of Nov 4, 2026.

Income ETFs

APRJ vs GPIX: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, GPIX paid 8.8% 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 S&P 500 Premium Income ETF.

APRJ on its own →GPIX on its own →

At a glance

6.2%

APRJ cash paid, 1 year

8.8%

GPIX cash paid, 1 year

+6.2%

APRJ total return, 1 year

+15.6%

GPIX 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.

GPIX · 1 year to Nov 4, 2026 0.8 pts ahead of SPY

GPIX

+15.6%

SPY

+14.8%

0.8 pts ahead of SPY

GPIX over 1 year: paid 8.8%, price +6.2%, total +15.6%, SPY +14.8%, +0.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

GPIX

+15.6%

8.8% of it arrived as cash

0.8 pts ahead of SPY

Total return, distributions reinvested

0.8 pts ahead of SPY

GPIX over 1 year: paid 8.8%, price +6.2%, total +15.6%, SPY +14.8%, +0.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

GPIX

+15.6%

8.8% cash

0.8 pts ahead of SPY

8.8% of it arrived as cash. Both charts share one scale, with zero at the line. GPIX over 1 year: paid 8.8%, price +6.2%, total +15.6%, SPY +14.8%, +0.8 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

GPIX costs 0.50 points a year less; their one-year returns differ by 9.4 points; GPIX is far larger, $6.4bn against $27m.

Points (pts) are percentage points.

APRJ vs GPIX: Dividend Yield & Total Return
Measure	APRJ	GPIX
Paid and earned
Measure	APRJ	GPIX
Total return, 1 year	+6.2%	+15.6%
Price change, 1 year	fell 0.1%	rose 6.2%
Return of capital, issuer estimate	53% of the Oct 2, 2026 payment
Against its benchmark
Measure	APRJ	GPIX
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	APRJ	GPIX
Expense ratio	0.79%	0.29%
Net assets, as of Nov 3, 2026	$27m	$6.4bn
Holdings
Measure	APRJ	GPIX
Holdings in common	0%

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

IQ Income Score56.6APRJ82.9GPIX

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

GPIX 82.9

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 GPIX 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 GPIX

Only in one fund ↓

Only in APRJ

Only in GPIX

NVIDIA CORP 7.31%

APPLE INC 6.45%

ALPHABET INC 4.35%

MICROSOFT CORP 3.89%

AMAZON.COM INC 3.38%

BROADCOM INC 2.79%

MICRON TECHNOLOGY INC 2.02%

TESLA INC 1.88%

Check overlap with more funds →

Side by side

APRJ Innovator Premium Income 30 Barrier ETF - April · Defined income on SPY, paying quarterly GPIX Goldman Sachs S&P 500 Premium Income ETF · Covered call on SPY, paying monthly

Issuer Innovator Goldman Sachs

Strategy defined income covered call

Benchmark S&P 500 (SPY) S&P 500 (SPY)

Pays quarterly monthly

Payout rate, annualized 6.9% 8.4%

Expense ratio 0.79% 0.29%

Cash paid, 1 year 6.2% 8.8%

Price change, 1 year −0.1% +6.2%

Total return, 1 year +6.2% +15.6%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −8.6 pts +0.8 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 GPIX: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	APRJ	GPIX	APRJ	GPIX	APRJ	GPIX
3 months	+1.0%	+0.9%	1.7%	2.1%	+1.2 pts	+1.0 pts
6 months	+2.5%	+6.0%	3.4%	4.3%	−2.5 pts	+1.0 pts
1 year	+6.2%	+15.6%	6.2%	8.8%	−8.6 pts	+0.9 pts
3 years	+19.2%	+73.9%	17.7%	31.0%	−63.7 pts	−9.0 pts
Since launchNot the same days: APRJ Apr 2023 · GPIX Oct 2023	+24.5%	+82.5%	21.1%	32.5%	−70.4 pts	−10.2 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.

GPIX

Over the year to Nov 4, 2026, GPIX paid 8.8% of its starting value in cash distributions while its price rose 6.2%. With every distribution reinvested, the fund returned +15.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 0.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.4%, paid monthly.

Questions people ask

Which paid more, APRJ or GPIX?: Over the year to Nov 4, 2026, APRJ paid 6.2% of its starting price in cash and GPIX paid 8.8%, so GPIX 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 GPIX?: With every distribution reinvested, APRJ returned +6.2% and GPIX +15.6% over the year to Nov 4, 2026.
Which is cheaper, APRJ or GPIX?: APRJ charges 0.79% a year and GPIX charges 0.29%, so GPIX is cheaper. Fees come from each fund's prospectus.

Other comparisons

APRJ vs FTHI APRJ vs NLSI APRJ vs TPRY APRJ vs DIVO GPIX vs QUSA GPIX vs SCLZ GPIX vs JULH GPIX vs SPUT

Where to next

S&P 500 (SPY) →APRJ on its own →GPIX on its own →APRJ dividend history →GPIX dividend history →GPIX 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 ↗

GPIX filings on SEC EDGAR ↗

GPIX 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.

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

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