Data as of Nov 4, 2026.
GPIQ vs MSFO: Dividend Yield & Total Return
Over the year to Nov 4, 2026, MSFO paid 26.9% of its price in cash against GPIQ’s 10.9%, though GPIQ returned more with it reinvested.
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Net assets on Nov 3, 2026: $6.4bn for Goldman Sachs Nasdaq-100 Premium Income ETF and $97m for YieldMax MSFT Option Income Strategy 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, 2026.0.6 pts behind MSFT
MSFO over 1 year: paid 26.9%, price −24.4%, total +8.4%, MSFT +9.0%, −0.6 pts. Data to Nov 4, 2026.
MSFT
+9.0%
MSFO
+8.4%
26.9% of it arrived as cash
0.6 pts behind MSFT
Total return, distributions reinvested
0.6 pts behind MSFT
MSFO over 1 year: paid 26.9%, price −24.4%, total +8.4%, MSFT +9.0%, −0.6 pts. Data to Nov 4, 2026.
MSFT
+9.0%
MSFO
+8.4%
26.9% cash
0.6 pts behind MSFT
26.9% of it arrived as cash. Both charts share one scale, with zero at the line. MSFO over 1 year: paid 26.9%, price −24.4%, total +8.4%, MSFT +9.0%, −0.6 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
GPIQ costs 0.74 points a year less; their one-year returns differ by 4.6 points; GPIQ is far larger, $6.4bn against $97m.
Points (pts) are percentage points.
| Measure | GPIQ | MSFO |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +13.0% | +8.4% |
| Price change, 1 year | rose 1.7% | fell 24.4% |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | Microsoft (MSFT) |
| Cost and size | ||
| Expense ratio | 0.29% | 1.03% |
| Net assets, as of Nov 3, 2026 | $6.4bn | $97m |
| Holdings | ||
| Holdings in common | 0% | |
GPIQ among the 167 income ETFs not writing on a single company
How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company and 77 income ETFs writing on a single company. 100 is best. How it is computed
MSFO among the 77 income ETFs writing on a single company
A percentile among the 167 income ETFs not writing on a single company. MSFO is a percentile among the 77 income ETFs writing on a single company, a different set, so the two marks are not on one scale. 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 returnsEach against its own benchmark: GPIQ against QQQ, Nov 3, 2023 to Oct 30, 2026; MSFO against MSFT, Sep 1, 2023 to Oct 30, 2026.
From Nov 2023 to Oct 2026, GPIQ returned more: +79.5% to +48.0%. GPIQ swung less: 16.5% to 22.5%. GPIQ fell less at its worst: −19.5% to −27.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GPIQ | MSFO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +79.5% | +48.0% | GPIQ | Price change plus distributions, reinvested. |
| Annualized | +21.5% | +14.0% | GPIQ | Total return as a yearly rate. |
| Price return | +32.1% | −44.0% | GPIQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.5% | 22.5% | GPIQ | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.0% | 13.6% | GPIQ | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −19.5% | −27.1% | GPIQ | Deepest fall from a high to the low after it. |
| Upside capture | 76.7% | 70.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 88.7% | 88.0% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.85 | 0.80 | 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 | 1.00 | 0.49 | GPIQ | Return above Treasury bills per unit of volatility. |
| Sortino | 1.50 | 0.81 | GPIQ | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.194 | 0.157 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.10 | 0.51 | GPIQ | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | QQQ | MSFT | The ETF each fund is measured against. | |
| Alpha | +0.3% a year | +1.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.29 | 0.42 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.7% to +2.3% | −3.9% to +6.1% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.75 | −0.25 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.4% | 7.0% | 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, GPIQ and MSFO hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 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 | MSFO | GPIQ | MSFO | GPIQ | MSFO |
| 3 months | −2.6% | +17.0% | 2.6% | 10.6% | +0.8 pts | +2.8 pts |
| 6 months | +0.5% | +27.8% | 5.3% | 19.2% | +0.9 pts | −7.0 pts |
| 1 year | +13.0% | +8.4% | 10.9% | 26.9% | +0.7 pts | −0.6 pts |
| 3 years | +80.0% | +57.1% | 38.3% | 75.9% | −11.4 pts | −4.2 pts |
| Since launchNot the same days: GPIQ Oct 2023 · MSFO Aug 2023 | +91.4% | +72.2% | 40.7% | 83.5% | −13.4 pts | −3.9 pts |
No client brief for this pair: the two funds' holdings are dated 127 days apart.
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.
MSFO
Over the year to Nov 4, 2026, MSFO paid 26.9% of its starting value in cash distributions while its price fell 24.4%. With every distribution reinvested, the fund returned +8.4%. Microsoft (MSFT) returned +9.0% over the same days, so a holder was behind by 0.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 22.7%, paid weekly. YieldMax estimates that 89% 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.
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 MSFO, data as of Nov 4, 2026. https://etfiq.com/compare/income/gpiq-vs-msfo
ETFIQ. (Nov 4, 2026). GPIQ against MSFO. Retrieved from https://etfiq.com/compare/income/gpiq-vs-msfo
[GPIQ against MSFO (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/gpiq-vs-msfo)
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