Data as of Nov 4, 2026.
GPIQ vs KHPI: Dividend Yield & Total Return
Over the year to Nov 4, 2026, GPIQ paid 10.9% of its price in cash against KHPI’s 9.0%, and returned more with it reinvested.
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Net assets: $6.4bn on Nov 3, 2026 for Goldman Sachs Nasdaq-100 Premium Income ETF, and $401m on Jun 30, 2026 for Kensington Hedged Premium Income ETF.
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. Total return, distributions reinvested. 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, 2026.5.3 pts behind SPY
KHPI over 1 year: paid 9.0%, price +0.1%, total +9.5%, SPY +14.8%, −5.3 pts. Data to Nov 4, 2026.
SPY
+14.8%
KHPI
+9.5%
9.0% of it arrived as cash
5.3 pts behind SPY
Total return, distributions reinvested
5.3 pts behind SPY
KHPI over 1 year: paid 9.0%, price +0.1%, total +9.5%, SPY +14.8%, −5.3 pts. Data to Nov 4, 2026.
SPY
+14.8%
KHPI
+9.5%
9.0% cash
5.3 pts behind SPY
9.0% of it arrived as cash. Both charts share one scale, 0 to +14.8%. KHPI over 1 year: paid 9.0%, price +0.1%, total +9.5%, SPY +14.8%, −5.3 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.Pair scorecard
GPIQ costs 0.69 points a year less; their one-year returns differ by 3.5 points.
Points (pts) are percentage points.
| Measure | GPIQ | KHPI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +13.0% | +9.5% |
| Price change, 1 year | rose 1.7% | rose 0.1% |
| Return of capital, issuer estimate | 100% of the Nov 2, 2026 payment | |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.29% | 0.98% |
| Net assets, GPIQ as of Nov 3, 2026 and KHPI as of Jun 30, 2026 | $6.4bn | $401m |
| Holdings | ||
| Holdings in common | 0% | |
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
Sep 13, 2024 to Oct 30, 2026 · 111 weekly returnsEach against its own benchmark: GPIQ against QQQ, Nov 3, 2023 to Oct 30, 2026; KHPI against SPY, Sep 13, 2024 to Oct 30, 2026.
From Sep 2024 to Oct 2026, GPIQ returned more: +44.6% to +23.8%. KHPI swung less: 8.8% to 16.9%. KHPI fell less at its worst: −10.5% to −19.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GPIQ | KHPI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +44.6% | +23.8% | GPIQ | Price change plus distributions, reinvested. |
| Annualized | +18.9% | +10.5% | GPIQ | Total return as a yearly rate. |
| Price return | +16.2% | +1.9% | GPIQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.9% | 8.8% | KHPI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.1% | 5.7% | KHPI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −19.5% | −10.5% | KHPI | Deepest fall from a high to the low after it. |
| Upside capture | 76.7% | 42.7% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 88.7% | 55.8% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.85 | 0.55 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.85 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.87 | 0.72 | GPIQ | Return above Treasury bills per unit of volatility. |
| Sortino | 1.31 | 1.12 | GPIQ | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.194 | 0.115 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.97 | 1.00 | KHPI (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 | −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% | −5.0% to +4.3% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.75 | −0.78 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.4% | 7.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 111 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GPIQ and KHPI hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
0% 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 | GPIQ | KHPI | GPIQ | KHPI | GPIQ | KHPI |
| 3 months | −2.6% | +0.8% | 2.6% | 2.2% | +0.8 pts | +0.9 pts |
| 6 months | +0.5% | +4.6% | 5.3% | 4.5% | +0.9 pts | −0.5 pts |
| 1 year | +13.0% | +9.5% | 10.9% | 9.0% | +0.7 pts | −5.3 pts |
| 3 years | +80.0% | – | 38.3% | – | −11.4 pts | – |
| Since launchNot the same days: GPIQ Oct 2023 · KHPI Sep 2024 | +91.4% | +26.2% | 40.7% | 19.9% | −13.4 pts | −17.0 pts |
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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.
KHPI
Over the year to Nov 4, 2026, KHPI paid 9.0% of its starting value in cash distributions while its price rose 0.1%. With every distribution reinvested, the fund returned +9.5%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 5.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.1%, paid monthly. Kensington estimates that 100% of the distribution paid Nov 2, 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 KHPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/gpiq-vs-khpi
ETFIQ. (Nov 4, 2026). GPIQ against KHPI. Retrieved from https://etfiq.com/compare/income/gpiq-vs-khpi
[GPIQ against KHPI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/gpiq-vs-khpi)
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