Data as of Oct 28, 2026.
GPIQ vs MSTY: Dividend Yield & Total Return
Over the year to Oct 28, 2026, MSTY paid 33.4% of its price in cash against GPIQ’s 10.6%, though GPIQ returned more with it reinvested.
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Net assets on Oct 27, 2026: $6.5bn for Goldman Sachs Nasdaq-100 Premium Income ETF and $1.0bn for YieldMax MSTR Option Income Strategy 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% 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%
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, 2026.5.6 pts ahead of MSTR
MSTY over 1 year: paid 33.4%, price −75.2%, total −43.4%, MSTR −49.0%, +5.6 pts. Data to Oct 28, 2026.
MSTR
−49.0%
MSTY
−43.4%
5.6 pts ahead of MSTR
Total return, distributions reinvested
5.6 pts ahead of MSTR
MSTY over 1 year: paid 33.4%, price −75.2%, total −43.4%, MSTR −49.0%, +5.6 pts. Data to Oct 28, 2026.
MSTR
−49.0%
MSTY
−43.4%
5.6 pts ahead of MSTR
33.4% of it arrived as cash. Both charts share one scale, with zero at the line. MSTY over 1 year: paid 33.4%, price −75.2%, total −43.4%, MSTR −49.0%, +5.6 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.Pair scorecard
GPIQ costs 0.70 points a year less; their one-year returns differ by 59.5 points; GPIQ is 6.5 times larger.
Points (pts) are percentage points.
| Measure | GPIQ | MSTY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +16.1% | −43.4% |
| Price change, 1 year | rose 4.5% | fell 75.2% |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | MicroStrategy (MSTR) |
| Cost and size | ||
| Expense ratio | 0.29% | 0.99% |
| Net assets, as of Oct 27, 2026 | $6.5bn | $1.0bn |
| Holdings | ||
| Holdings in common | 0% | |
GPIQ among the 164 income ETFs not writing on a single company
How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company and 74 income ETFs writing on a single company. 100 is best. How it is computed
MSTY among the 74 income ETFs writing on a single company
A percentile among the 164 income ETFs not writing on a single company. MSTY is a percentile among the 74 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 →
Holdings in common uses holdings dated Jun 30, 2026 and Oct 28, 2026. Method
Risk and return
Mar 1, 2024 to Oct 23, 2026 · 138 weekly returnsEach against its own benchmark: GPIQ against QQQ, Nov 3, 2023 to Oct 23, 2026; MSTY against MSTR, Mar 1, 2024 to Oct 23, 2026.
GPIQ returned more: +56.2% to +36.1%. GPIQ swung less: 17.2% to 61.8%. GPIQ fell less at its worst: −19.5% to −76.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GPIQ | MSTY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +56.2% | +36.1% | GPIQ | Price change plus distributions, reinvested. |
| Annualized | +18.3% | +12.3% | GPIQ | Total return as a yearly rate. |
| Price return | +17.9% | −89.1% | GPIQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.2% | 61.8% | GPIQ | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.5% | 40.0% | GPIQ | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −19.5% | −76.2% | GPIQ | Deepest fall from a high to the low after it. |
| Upside capture | 76.7% | 35.5% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 88.7% | 97.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.85 | 0.73 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.93 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.81 | 0.42 | GPIQ | Return above Treasury bills per unit of volatility. |
| Sortino | 1.22 | 0.65 | GPIQ | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.202 | 0.358 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.94 | 0.16 | GPIQ | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | QQQ | MSTR | The ETF each fund is measured against. | |
| Alpha | +0.3% a year | −2.3% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.29 | −0.23 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.7% to +2.3% | −21.9% to +17.3% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.79 | −0.47 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.4% | 27.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 138 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GPIQ and MSTY hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 28, 2026.
half
0% 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 | MSTY | GPIQ | MSTY | GPIQ | MSTY |
| 3 months | +9.1% | +42.2% | 2.8% | 25.1% | −0.7 pts | −13.3 pts |
| 6 months | +9.1% | −9.7% | 5.5% | 28.9% | −0.8 pts | −1.4 pts |
| 1 year | +16.1% | −43.4% | 10.6% | 33.4% | +0.9 pts | +5.6 pts |
| 3 years | +99.1% | – | 39.4% | – | −14.6 pts | – |
| Since launchNot the same days: GPIQ Oct 2023 · MSTY Feb 2024 | +99.7% | +69.4% | 39.5% | 224.6% | −15.0 pts | −34.2 pts |
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No client brief for this pair: the two funds' holdings are dated 120 days apart.
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.
MSTY
Over the year to Oct 28, 2026, MSTY paid 33.4% of its starting value in cash distributions while its price fell 75.2%. With every distribution reinvested, the fund returned −43.4%. MicroStrategy (MSTR) returned −49.0% over the same days, so a holder was ahead by 5.6 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 60.3%, paid weekly. YieldMax estimates that 14% 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 MSTY, data as of Oct 28, 2026. https://etfiq.com/compare/income/gpiq-vs-msty
ETFIQ. (Oct 28, 2026). GPIQ against MSTY. Retrieved from https://etfiq.com/compare/income/gpiq-vs-msty
[GPIQ against MSTY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/income/gpiq-vs-msty)
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