Data as of .
GPIQ vs PAPI: which paid, and which earned it?
Over the year GPIQ paid 11.0% of its price in cash against PAPI’s 7.9%, and returned more with it reinvested.
ETFIQ Return Stability Score: GPIQ scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, GPIQ and PAPI hold 9% of their money in the same securities at the same weight.
| Holding | GPIQ | PAPI |
|---|---|---|
| CISCO SYSTEMS INC | 2.05% | 0.77% |
| TEXAS INSTRUMENTS INC | 1.23% | 0.71% |
| ANALOG DEVICES INC | 0.89% | 0.63% |
| AUTOMATIC DATA PROCESSING INC | 0.65% | 0.60% |
| ALPHABET INC | 3.54% | 0.59% |
| QUALCOMM INC | 0.87% | 0.58% |
| LINDE PLC | 1.11% | 0.54% |
| COSTCO WHOLESALE CORP | 1.97% | 0.49% |
| GILEAD SCIENCES INC | 0.73% | 0.49% |
| PEPSICO INC | 0.83% | 0.46% |
| COMCAST CORP | 0.51% | 0.40% |
| MICROSOFT CORP | 3.96% | 0.39% |
| Only in GPIQ | Only in PAPI |
|---|---|
| NVIDIA CORP 7.48% | Corning, Inc. 1.01% |
| APPLE INC 6.59% | TD SYNNEX Corp. 0.81% |
| MICRON TECHNOLOGY INC 5.62% | Power Integrations, Inc. 0.73% |
| AMAZON.COM INC 4.20% | Royalty Pharma plc 0.73% |
| ADVANCED MICRO DEVICES INC 4.11% | Millicom International Cellular SA 0.72% |
| TESLA INC 3.17% | Avnet, Inc. 0.71% |
| INTEL CORP 3.01% | Cummins, Inc. 0.70% |
| META PLATFORMS INC 2.78% | Reynolds Consumer Products, Inc. 0.68% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| GPIQ | PAPI | GPIQ | PAPI | GPIQ | PAPI | |
| 3 months | −1.7% | +4.7% | 2.5% | 2.0% | +0.8 pts | +2.5 pts |
| 6 months | +20.5% | +5.6% | 5.9% | 4.0% | −3.7 pts | −12.4 pts |
| 1 year | +21.4% | +12.8% | 11.0% | 7.9% | −0.4 pts | −3.8 pts |
| Since launch | +98.3% | +35.6% | 38.2% | 22.5% | −15.0 pts | −49.6 pts |
| GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF Covered call on QQQ, paying monthly | PAPI Parametric Equity Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Goldman Sachs | Parametric |
| Strategy | covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 10.5% | 7.2% |
| Expense ratio | 0.29% | 0.29% |
| Cash paid, 1 year | 11.0% | 7.9% |
| Price change, 1 year | +9.3% | +4.5% |
| Total return, 1 year | +21.4% | +12.8% |
| Benchmark return, 1 year | +21.8% | +16.6% |
| Ahead or behind | −0.4 pts | −3.8 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1058 days | 1065 days |
| Net assets | $5.8bn | $400m |
GPIQ in plain words
Over the year to Sep 18, 2026, GPIQ paid 11.0% of its starting value in cash distributions while its price rose 9.3%. With every distribution reinvested, the fund returned +21.4%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 10.5%, paid monthly.
PAPI in plain words
Over the year to Sep 18, 2026, PAPI paid 7.9% of its starting value in cash distributions while its price rose 4.5%. With every distribution reinvested, the fund returned +12.8%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 3.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.2%, paid monthly.
Questions people ask
- Which paid more, GPIQ or PAPI?
- Over the year to Sep 18, 2026, GPIQ paid 11.0% of its starting price in cash and PAPI paid 7.9%, so GPIQ paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, GPIQ or PAPI?
- With every distribution reinvested, GPIQ returned +21.4% and PAPI returned +12.8% over the year to Sep 18, 2026, so GPIQ returned more.
- Which is cheaper, GPIQ or PAPI?
- GPIQ charges 0.29% a year and PAPI charges 0.29%, so GPIQ is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, GPIQ against PAPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/gpiq-vs-papi Free to use with attribution; the underlying files are at Open data.