Data as of Nov 4, 2026.
GPIQ vs SEPI: Dividend Yield & Total Return
Over the year to Nov 4, 2026, GPIQ paid 10.9% of its price in cash against SEPI’s 8.9%, though SEPI 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 $152m on Jun 30, 2026 for Shelton Equity 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% 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, 2026.3.1 pts ahead of SPY
SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SEPI
+17.9%
8.9% of it arrived as cash
3.1 pts ahead of SPY
Total return, distributions reinvested
3.1 pts ahead of SPY
SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SEPI
+17.9%
8.9% cash
3.1 pts ahead of SPY
8.9% of it arrived as cash. Both charts share one scale, 0 to +17.9%. SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +17.9%. Data to Nov 4, 2026.Pair scorecard
GPIQ costs 0.25 points a year less; their one-year returns differ by 4.9 points.
Points (pts) are percentage points.
| Measure | GPIQ | SEPI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +13.0% | +17.9% |
| Price change, 1 year | rose 1.7% | rose 8.3% |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.29% | 0.54% |
| Net assets, GPIQ as of Nov 3, 2026 and SEPI as of Jun 30, 2026 | $6.4bn | $152m |
| Holdings | ||
| Holdings in common | 39% | |
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 19, 2025 to Oct 30, 2026 · 58 weekly returnsEach against its own benchmark: GPIQ against QQQ, Nov 3, 2023 to Oct 30, 2026; SEPI against SPY, Sep 19, 2025 to Oct 30, 2026.
From Sep 2025 to Oct 2026, SEPI returned more: +18.9% to +16.3%. SEPI swung less: 10.2% to 15.5%. SEPI fell less at its worst: −6.6% to −7.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GPIQ | SEPI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +16.3% | +18.9% | SEPI | Price change plus distributions, reinvested. |
| Annualized | +14.5% | +16.8% | SEPI | Total return as a yearly rate. |
| Price return | +3.8% | +8.5% | SEPI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 15.5% | 10.2% | SEPI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.1% | 5.8% | SEPI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −7.9% | −6.6% | SEPI | Deepest fall from a high to the low after it. |
| Upside capture | 76.7% | 83.6% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 88.7% | 77.5% | 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 | 0.88 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.71 | 1.20 | SEPI | Return above Treasury bills per unit of volatility. |
| Sortino | 1.08 | 2.13 | SEPI | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.194 | 0.153 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.84 | 2.54 | SEPI | 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 | +4.6% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.29 | 1.36 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.7% to +2.3% | −2.2% to +11.5% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.75 | 0.65 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.4% | 4.2% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 58 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GPIQ and SEPI hold 39% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
39% 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 | SEPI | GPIQ | SEPI | GPIQ | SEPI |
| 3 months | −2.6% | −0.1% | 2.6% | 2.1% | +0.8 pts | 0.0 pts |
| 6 months | +0.5% | +6.8% | 5.3% | 4.4% | +0.9 pts | +1.8 pts |
| 1 year | +13.0% | +17.9% | 10.9% | 8.9% | +0.7 pts | +3.1 pts |
| 3 years | +80.0% | – | 38.3% | – | −11.4 pts | – |
| Since launchNot the same days: GPIQ Oct 2023 · SEPI Sep 2025 | +91.4% | +23.5% | 40.7% | 10.0% | −13.4 pts | +3.7 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.
SEPI
Over the year to Nov 4, 2026, SEPI paid 8.9% of its starting value in cash distributions while its price rose 8.3%. With every distribution reinvested, the fund returned +17.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 3.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.5%, paid monthly. Shelton estimates that 99% of the distribution paid Sep 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 SEPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/gpiq-vs-sepi
ETFIQ. (Nov 4, 2026). GPIQ against SEPI. Retrieved from https://etfiq.com/compare/income/gpiq-vs-sepi
[GPIQ against SEPI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/gpiq-vs-sepi)
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