Data as of Oct 27, 2026.
GPIQ vs JEPI: Dividend Yield & Total Return
Over the year to Oct 27, 2026, GPIQ paid 10.7% of its price in cash against JEPI’s 7.9%, and returned more with it reinvested.
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Net assets on Oct 26, 2026: $6.4bn for Goldman Sachs Nasdaq-100 Premium Income ETF and $45.8bn for JPMorgan Equity Premium Income ETF.
0.7 pts ahead of QQQ
GPIQ over 1 year: paid 10.7%, price +4.5%, total +16.1%, QQQ +15.4%, +0.7 pts. Data to Oct 27, 2026.
QQQ
+15.4%
GPIQ
+16.1%
10.7% 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 10.7%, price +4.5%, total +16.1%, QQQ +15.4%, +0.7 pts. Data to Oct 27, 2026.
QQQ
+15.4%
GPIQ
+16.1%
10.7% cash
0.7 pts ahead of QQQ
10.7% of it arrived as cash. Total return, distributions reinvested. GPIQ over 1 year: paid 10.7%, price +4.5%, total +16.1%, QQQ +15.4%, +0.7 pts. Data to Oct 27, 2026.
Data to Oct 27, 2026.5.9 pts behind SPY
JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.
SPY
+13.5%
JEPI
+7.6%
7.9% of it arrived as cash
5.9 pts behind SPY
Total return, distributions reinvested
5.9 pts behind SPY
JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.
SPY
+13.5%
JEPI
+7.6%
5.9 pts behind SPY
7.9% of it arrived as cash. Both charts share one scale, with zero at the line. JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.
Data to Oct 27, 2026.Pair scorecard
GPIQ costs 0.06 points a year less; their one-year returns differ by 8.5 points; JEPI is 7.2 times larger.
Points (pts) are percentage points.
| Measure | GPIQ | JEPI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +16.1% | +7.6% |
| Price change, 1 year | rose 4.5% | fell 0.6% |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.29% | 0.35% |
| Net assets, as of Oct 26, 2026 | $6.4bn | $45.8bn |
| Holdings | ||
| Holdings in common | 26% | |
How much of its payouts the fund's total return covered, ranked against 165 income ETFs not writing on a single company. 100 is best. How it is computed
A percentile among the 165 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 Oct 26, 2026. Method
Risk and return
Nov 3, 2023 to Oct 23, 2026 · 155 weekly returnsEach against its own benchmark: GPIQ against QQQ, Nov 3, 2023 to Oct 23, 2026; JEPI against SPY, May 29, 2020 to Oct 23, 2026.
GPIQ returned more: +82.6% to +33.6%. JEPI swung less: 8.7% to 16.5%. JEPI fell less at its worst: −11.5% to −19.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GPIQ | JEPI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +82.6% | +33.6% | GPIQ | Price change plus distributions, reinvested. |
| Annualized | +22.4% | +10.2% | GPIQ | Total return as a yearly rate. |
| Price return | +34.3% | +6.1% | GPIQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.5% | 8.7% | JEPI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.0% | 6.4% | JEPI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −19.5% | −11.5% | JEPI | Deepest fall from a high to the low after it. |
| Upside capture | 76.7% | 42.2% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 88.7% | 59.6% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.85 | 0.57 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.75 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 1.04 | 0.65 | GPIQ | Return above Treasury bills per unit of volatility. |
| Sortino | 1.57 | 0.89 | GPIQ | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.202 | 0.133 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.15 | 0.89 | GPIQ | 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 | −0.3% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.29 | −0.15 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.7% to +2.3% | −4.4% to +3.8% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.79 | −0.73 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.4% | 8.7% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 155 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GPIQ and JEPI hold 26% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 26, 2026.
half
26% in common
Only in one fund ↓
Side by side
As of Oct 27, 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 | JEPI | GPIQ | JEPI | GPIQ | JEPI |
| 3 months | +6.4% | +1.5% | 2.7% | 1.9% | −0.5 pts | −2.7 pts |
| 6 months | +9.0% | +4.3% | 5.5% | 4.0% | −0.9 pts | −4.4 pts |
| 1 year | +16.1% | +7.6% | 10.7% | 7.9% | +0.7 pts | −5.9 pts |
| 3 years | +98.0% | +40.9% | 39.4% | 26.3% | −14.4 pts | −53.4 pts |
| Since launchNot the same days: GPIQ Oct 2023 · JEPI May 2020 | +98.7% | +97.2% | 39.5% | 61.5% | −14.8 pts | −88.2 pts |
No client brief for this pair: the two funds' holdings are dated 118 days apart.
GPIQ
Over the year to Oct 27, 2026, GPIQ paid 10.7% 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 +15.4% over the same days, so a holder was ahead by 0.7 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 10.8%, paid monthly.
JEPI
Over the year to Oct 27, 2026, JEPI paid 7.9% of its starting value in cash distributions while its price fell 0.6%. With every distribution reinvested, the fund returned +7.6%. S&P 500 (SPY) returned +13.5% over the same days, so a holder was behind by 5.9 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 7.2%, 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, GPIQ against JEPI, data as of Oct 27, 2026. https://etfiq.com/compare/income/gpiq-vs-jepi
ETFIQ. (Oct 27, 2026). GPIQ against JEPI. Retrieved from https://etfiq.com/compare/income/gpiq-vs-jepi
[GPIQ against JEPI (ETFIQ, Oct 27, 2026)](https://etfiq.com/compare/income/gpiq-vs-jepi)
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