Which paid more, GPIQ or SCLZ?

Over the year to Nov 4, 2026, GPIQ paid 10.9% of its starting price in cash and SCLZ paid 8.5%, 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 SCLZ?

With every distribution reinvested, GPIQ returned +13.0% and SCLZ +10.6% over the year to Nov 4, 2026.

Which is cheaper, GPIQ or SCLZ?

GPIQ charges 0.29% a year and SCLZ charges 0.79%, so GPIQ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

GPIQ vs SCLZ: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, GPIQ paid 10.9% of its price in cash against SCLZ’s 8.5%, 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 $20m on Jun 30, 2026 for Swan Enhanced Dividend Income ETF.

GPIQ on its own →SCLZ on its own →

At a glance

10.9%

GPIQ cash paid, 1 year

8.5%

SCLZ cash paid, 1 year

+13.0%

GPIQ total return, 1 year

+10.6%

SCLZ total return, 1 year

GPIQ · 1 year to Nov 4, 2026 0.7 pts ahead of QQQ

GPIQ

+13.0%

QQQ

+12.3%

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.

SCLZ · 1 year to Nov 4, 2026 4.2 pts behind SPY

SCLZ

+10.6%

SPY

+14.8%

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% of it arrived as cash

4.2 pts behind SPY

Total return, distributions reinvested

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% cash

4.2 pts behind SPY

8.5% of it arrived as cash. Both charts share one scale, 0 to +14.8%. SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.

Pair scorecard

GPIQ costs 0.50 points a year less; their one-year returns differ by 2.4 points.

Points (pts) are percentage points.

GPIQ vs SCLZ: Dividend Yield & Total Return
Measure	GPIQ	SCLZ
Paid and earned
Measure	GPIQ	SCLZ
Total return, 1 year	+13.0%	+10.6%
Price change, 1 year	rose 1.7%	rose 1.6%
Against its benchmark
Measure	GPIQ	SCLZ
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	GPIQ	SCLZ
Expense ratio	0.29%	0.79%
Net assets, GPIQ as of Nov 3, 2026 and SCLZ as of Jun 30, 2026	$6.4bn	$20m
Holdings
Measure	GPIQ	SCLZ
Holdings in common	49%

ETFIQ Distribution Coverage Score · SCLZ scores higher How much of what it paid out did its total return cover?

IQ Income Score69.8GPIQ71.6SCLZ

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

GPIQ 69.8

SCLZ 71.6

0.3, the lowest in this set 99.7, the highest

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 →

Method

What they share

49%

By the books each fund has filed, GPIQ and SCLZ hold 49% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

50%

0 half 100%

half

49% in common

Positions both hold · largest shared weight first GPIQ SCLZ

APPLE INC 6.59% 6.20%

NVIDIA CORP 7.47% 6.03%

MICRON TECHNOLOGY INC 5.62% 7.95%

ADVANCED MICRO DEVICES INC 4.10% 5.18%

AMAZON.COM INC 4.20% 3.77%

MICROSOFT CORP 3.95% 3.74%

ALPHABET INC 3.54% 5.22%

META PLATFORMS INC 2.77% 3.36%

BROADCOM INC 2.68% 4.74%

CISCO SYSTEMS INC 2.04% 3.03%

TESLA INC 3.17% 1.81%

WALMART INC 2.12% 1.49%

Only in one fund ↓

Only in GPIQ

INTEL CORP 3.01%

ALPHABET INC 2.56%

APPLIED MATERIALS INC 2.51%

LAM RESEARCH CORP 2.37%

KLA CORP 1.74%

SANDISK CORP 1.48%

PALO ALTO NETWORKS INC 1.30%

TEXAS INSTRUMENTS INC 1.23%

Only in SCLZ

ELI LILLY & COMPANY 3.88%

JP MORGAN CHASE & COMPANY 3.53%

BERKSHIRE HATHAWAY INC 3.12%

GE AEROSPACE 2.76%

JOHNSON & JOHNSON 2.43%

VISA INC 2.29%

EXXON MOBIL CORP 1.94%

CATERPILLAR INC 1.86%

Check overlap with more funds →

Side by side

GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF · Covered call on QQQ, paying monthly SCLZ Swan Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly

Issuer Goldman Sachs Swan

Strategy covered call dividend stocks with call overlay

Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 10.5% 8.7%

Expense ratio 0.29% 0.79%

Cash paid, 1 year 10.9% 8.5%

Price change, 1 year +1.7% +1.6%

Total return, 1 year +13.0% +10.6%

Benchmark return, 1 year +12.3% +14.8%

Ahead or behind +0.7 pts −4.2 pts

Return of capital, latest estimate not published not published

Age 3.0 years 2.7 years

Net assets, GPIQ as of Nov 3, 2026 and SCLZ as of Jun 30, 2026 $6.4bn $20m

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

Window by window: GPIQ vs SCLZ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	GPIQ	SCLZ	GPIQ	SCLZ	GPIQ	SCLZ
3 months	−2.6%	0.0%	2.6%	2.1%	+0.8 pts	+0.2 pts
6 months	+0.5%	+4.4%	5.3%	4.3%	+0.9 pts	−0.6 pts
1 year	+13.0%	+10.6%	10.9%	8.5%	+0.7 pts	−4.2 pts
3 years	+80.0%	–	38.3%	–	−11.4 pts	–
Since launchNot the same days: GPIQ Oct 2023 · SCLZ Feb 2024	+91.4%	+35.4%	40.7%	21.2%	−13.4 pts	−20.8 pts

– means no data for this window. Open this comparison in the app →

Alert

About each fund

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.

SCLZ

Over the year to Nov 4, 2026, SCLZ paid 8.5% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +10.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.7%, paid monthly.

Questions people ask

Which paid more, GPIQ or SCLZ?: Over the year to Nov 4, 2026, GPIQ paid 10.9% of its starting price in cash and SCLZ paid 8.5%, 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 SCLZ?: With every distribution reinvested, GPIQ returned +13.0% and SCLZ +10.6% over the year to Nov 4, 2026.
Which is cheaper, GPIQ or SCLZ?: GPIQ charges 0.29% a year and SCLZ charges 0.79%, so GPIQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

GPIQ vs QUSA GPIQ vs JULJ GPIQ vs JANH GPIQ vs ACKY SCLZ vs QYLD SCLZ vs QQQI SCLZ vs JEPQ SCLZ vs QLDY

Where to next

Nasdaq-100 (QQQ) →S&P 500 (SPY) →GPIQ on its own →SCLZ on its own →GPIQ dividend history →GPIQ holdings →SCLZ dividend history →SCLZ holdings →Method →Standards and sources →

Sources and dates

GPIQ filings on SEC EDGAR ↗

GPIQ prospectus with the expense ratio (SEC) ↗

Goldman Sachs website ↗

SCLZ filings on SEC EDGAR ↗

SCLZ prospectus with the expense ratio (SEC) ↗

Swan website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, GPIQ against SCLZ, data as of Nov 4, 2026. https://etfiq.com/compare/income/gpiq-vs-sclz

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