Data as of Nov 4, 2026.
FTQI vs GPIQ: Dividend Yield & Total Return
Over the year to Nov 4, 2026, FTQI paid 12.1% of its price in cash against GPIQ’s 10.9%, and returned more with it reinvested.
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Net assets on Nov 3, 2026: $997m for First Trust Nasdaq BuyWrite Income ETF and $6.4bn for Goldman Sachs Nasdaq-100 Premium Income ETF.
4.2 pts ahead of QQQ
FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.
QQQ
+12.3%
FTQI
+16.5%
12.1% of it arrived as cash
4.2 pts ahead of QQQ
Total return, distributions reinvested
4.2 pts ahead of QQQ
FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.
QQQ
+12.3%
FTQI
+16.5%
12.1% as cash
4.2 pts ahead of QQQ
12.1% of it arrived as cash. Total return, distributions reinvested. FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.0.7 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% cash
0.7 pts ahead of QQQ
10.9% of it arrived as cash. Both charts share one scale, 0 to +16.5%. GPIQ over 1 year: paid 10.9%, price +1.7%, total +13.0%, QQQ +12.3%, +0.7 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +16.5%. Data to Nov 4, 2026.Pair scorecard
GPIQ costs 0.46 points a year less; their one-year returns differ by 3.5 points; GPIQ is 6.4 times larger.
Points (pts) are percentage points.
| Measure | FTQI | GPIQ |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +16.5% | +13.0% |
| Price change, 1 year | rose 3.5% | rose 1.7% |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.75% | 0.29% |
| Net assets, as of Nov 3, 2026 | $997m | $6.4bn |
| Holdings | ||
| Holdings in common | 49% | |
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
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 →
Risk and return
Nov 3, 2023 to Oct 30, 2026 · 156 weekly returns · each against QQQFrom Nov 2023 to Oct 2026, GPIQ returned more: +79.5% to +61.0%. FTQI swung less: 11.6% to 16.5%. FTQI fell slightly less at its worst: −18.1% to −19.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FTQI | GPIQ | QQQ | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +61.0% | +79.5% | GPIQ | Price change plus distributions, reinvested. | |
| Annualized | +17.2% | +21.5% | GPIQ | Total return as a yearly rate. | |
| Price return | +12.8% | +32.1% | GPIQ | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 11.6% | 16.5% | FTQI | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 8.0% | 11.0% | FTQI | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −18.1% | −19.5% | FTQI (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 42.9% | 76.7% | 100.0% | GPIQ | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 60.8% | 88.7% | 100.0% | FTQI | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.54 | 0.85 | 1.00 | FTQI lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.81 | 0.99 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 1.05 | 1.00 | FTQI (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.52 | 1.50 | Tie | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.224 | 0.194 | 0.190 | FTQI | Return above Treasury bills per unit of beta. |
| Calmar | 0.95 | 1.10 | GPIQ | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | QQQ | QQQ | QQQ | The ETF each fund is measured against. | |
| Alpha | +1.8% a year | +0.3% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.63 | 0.29 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −3.9% to +7.6% | −1.7% to +2.3% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.68 | −0.75 | FTQI | Return against its benchmark per unit of tracking error. | |
| Tracking error | 10.2% | 3.4% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 156 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FTQI and GPIQ hold 49% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.
half
49% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | FTQI | GPIQ | FTQI | GPIQ | FTQI | GPIQ |
| 3 months | +0.4% | −2.6% | 3.0% | 2.6% | +3.8 pts | +0.8 pts |
| 6 months | +6.6% | +0.5% | 6.0% | 5.3% | +6.9 pts | +0.9 pts |
| 1 year | +16.5% | +13.0% | 12.1% | 10.9% | +4.3 pts | +0.7 pts |
| 3 years | +60.8% | +80.0% | 38.1% | 38.3% | −30.5 pts | −11.4 pts |
| Since launchNot the same days: FTQI Jan 2014 · GPIQ Oct 2023 | +138.8% | +91.4% | 81.1% | 40.7% | −641.3 pts | −13.4 pts |
No client brief for this pair: the two funds' holdings are dated 126 days apart.
FTQI
Over the year to Nov 4, 2026, FTQI paid 12.1% of its starting value in cash distributions while its price rose 3.5%. With every distribution reinvested, the fund returned +16.5%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.3%, paid monthly. First Trust estimates that 99% of the distribution paid Oct 30, 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
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, FTQI against GPIQ, data as of Nov 4, 2026. https://etfiq.com/compare/income/ftqi-vs-gpiq
ETFIQ. (Nov 4, 2026). FTQI against GPIQ. Retrieved from https://etfiq.com/compare/income/ftqi-vs-gpiq
[FTQI against GPIQ (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/ftqi-vs-gpiq)
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