Data as of Oct 28, 2026.
GPIQ vs ISPY: Dividend Yield & Total Return
Over the year to Oct 28, 2026, GPIQ paid 10.6% of its price in cash against ISPY’s 5.7%, and returned more with it reinvested.
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Net assets: $6.5bn on Oct 27, 2026 for Goldman Sachs Nasdaq-100 Premium Income ETF, and $1.2bn on Oct 28, 2026 for ProShares S&P 500 High Income ETF.
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. Total return, distributions reinvested. 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, 2026.3.5 pts behind SPY
ISPY over 1 year: paid 5.7%, price +4.0%, total +10.1%, SPY +13.6%, −3.5 pts. Data to Oct 28, 2026.
SPY
+13.6%
ISPY
+10.1%
5.7% of it arrived as cash
3.5 pts behind SPY
Total return, distributions reinvested
3.5 pts behind SPY
ISPY over 1 year: paid 5.7%, price +4.0%, total +10.1%, SPY +13.6%, −3.5 pts. Data to Oct 28, 2026.
SPY
+13.6%
ISPY
+10.1%
3.5 pts behind SPY
5.7% of it arrived as cash. Both charts share one scale, 0 to +16.1%. ISPY over 1 year: paid 5.7%, price +4.0%, total +10.1%, SPY +13.6%, −3.5 pts. Data to Oct 28, 2026.
Both charts share one scale, 0 to +16.1%. Data to Oct 28, 2026.Pair scorecard
GPIQ costs 0.26 points a year less; their one-year returns differ by 6.0 points; GPIQ is 5.4 times larger.
Points (pts) are percentage points.
| Measure | GPIQ | ISPY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +16.1% | +10.1% |
| Price change, 1 year | rose 4.5% | rose 4.0% |
| Return of capital, issuer estimate | 81% of the Oct 7, 2026 payment | |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.29% | 0.55% |
| Net assets, as of Oct 27, 2026 | $6.5bn | $1.2bn |
| Holdings | ||
| Holdings in common | 45% | |
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 Jun 30, 2026 and Aug 31, 2026. Method
Risk and return
Dec 29, 2023 to Oct 23, 2026 · 147 weekly returnsEach against its own benchmark: GPIQ against QQQ, Nov 3, 2023 to Oct 23, 2026; ISPY against SPY, Dec 29, 2023 to Oct 23, 2026.
GPIQ returned more: +68.3% to +49.9%. ISPY swung less: 12.8% to 16.9%. ISPY fell less at its worst: −15.6% to −19.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GPIQ | ISPY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +68.3% | +49.9% | GPIQ | Price change plus distributions, reinvested. |
| Annualized | +20.2% | +15.4% | GPIQ | Total return as a yearly rate. |
| Price return | +26.0% | +17.6% | GPIQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.9% | 12.8% | ISPY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.2% | 8.8% | ISPY | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −19.5% | −15.6% | ISPY | Deepest fall from a high to the low after it. |
| Upside capture | 76.7% | 85.6% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 88.7% | 96.6% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.85 | 0.89 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.96 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.92 | 0.84 | GPIQ (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.38 | 1.22 | GPIQ | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.202 | 0.121 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.04 | 0.99 | GPIQ (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | QQQ | SPY | The ETF each fund is measured against. | |
| Alpha | +0.3% a year | −2.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.29 | −1.26 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.7% to +2.3% | −5.1% to +1.1% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.79 | −1.17 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.4% | 3.1% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 147 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GPIQ and ISPY hold 45% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
45% 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 | GPIQ | ISPY | GPIQ | ISPY | GPIQ | ISPY |
| 3 months | +9.1% | +4.8% | 2.8% | 1.6% | −0.7 pts | −1.4 pts |
| 6 months | +9.1% | +7.3% | 5.5% | 3.3% | −0.8 pts | −1.7 pts |
| 1 year | +16.1% | +10.1% | 10.6% | 5.7% | +0.9 pts | −3.5 pts |
| 3 years | +99.1% | – | 39.4% | – | −14.6 pts | – |
| Since launchNot the same days: GPIQ Oct 2023 · ISPY Dec 2023 | +99.7% | +54.8% | 39.5% | 26.5% | −15.0 pts | −15.5 pts |
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GPIQ and ISPY are built for the same job. How do they differ in cost, holdings and results?
- Income paid. GPIQ paid 10.6% and ISPY 5.7% (cash paid over 1 year, as a share of its price at the start), a gap of 4.9 points.
- What each is measured against. GPIQ is measured against Nasdaq-100 through QQQ and ISPY against S&P 500 through SPY.
- Holdings in common. 45% of the weight is in the same securities (holdings dated Jun 30, 2026 and Aug 31, 2026).
Data as of Oct 28, 2026.
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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.
ISPY
Over the year to Oct 28, 2026, ISPY paid 5.7% of its starting value in cash distributions while its price rose 4.0%. With every distribution reinvested, the fund returned +10.1%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was behind by 3.5 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 6.3%, paid monthly. ProShares estimates that 81% of the distribution paid Oct 7, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
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, GPIQ against ISPY, data as of Oct 28, 2026. https://etfiq.com/compare/income/gpiq-vs-ispy
ETFIQ. (Oct 28, 2026). GPIQ against ISPY. Retrieved from https://etfiq.com/compare/income/gpiq-vs-ispy
[GPIQ against ISPY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/income/gpiq-vs-ispy)
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