Data as of .
GPIQ vs SEPI: which paid, and which earned it?
Over the year GPIQ paid 11.0% of its price in cash against SEPI’s 7.5% and the two finished level on total return.
ETFIQ Return Stability Score: SEPI 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 SEPI hold 38% of their money in the same securities at the same weight.
| Holding | GPIQ | SEPI |
|---|---|---|
| MICRON TECHNOLOGY INC | 5.62% | 6.53% |
| APPLE INC | 6.59% | 5.24% |
| ADVANCED MICRO DEVICES INC | 4.11% | 7.54% |
| NVIDIA CORP | 7.48% | 4.04% |
| ALPHABET INC | 3.54% | 4.68% |
| MICROSOFT CORP | 3.96% | 3.42% |
| AMAZON.COM INC | 4.20% | 3.36% |
| META PLATFORMS INC | 2.78% | 2.79% |
| BROADCOM INC | 2.69% | 3.08% |
| WALMART INC | 2.12% | 1.69% |
| NETFLIX INC | 0.89% | 1.21% |
| FORTINET INC | 0.69% | 1.15% |
| Only in GPIQ | Only in SEPI |
|---|---|
| TESLA INC 3.17% | CATERPILLAR INC 7.20% |
| INTEL CORP 3.01% | GOLDMAN SACHS GROUP INC (THE) 3.91% |
| ALPHABET INC 2.57% | JOHNSON & JOHNSON 3.31% |
| APPLIED MATERIALS INC 2.51% | EXXON MOBIL CORP 3.08% |
| LAM RESEARCH CORP 2.37% | MERCK & COMPANY INC 2.67% |
| CISCO SYSTEMS INC 2.05% | EBAY INC 2.47% |
| COSTCO WHOLESALE CORP 1.97% | ARISTA NETWORKS INC 2.18% |
| KLA CORP 1.74% | DUKE ENERGY CORP 2.08% |
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 | SEPI | GPIQ | SEPI | GPIQ | SEPI | |
| 3 months | −1.7% | +5.4% | 2.5% | 2.1% | +0.8 pts | +3.2 pts |
| 6 months | +20.5% | +20.5% | 5.9% | 4.7% | −3.7 pts | +2.5 pts |
| 1 year | +21.4% | +21.8% | 11.0% | 7.5% | −0.4 pts | +5.2 pts |
| Since launch | +98.3% | +24.4% | 38.2% | 7.7% | −15.0 pts | +5.4 pts |
| GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF Covered call on QQQ, paying monthly | SEPI Shelton Equity Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Goldman Sachs | Shelton |
| Strategy | covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 10.5% | 8.3% |
| Expense ratio | 0.29% | 0.54% |
| Cash paid, 1 year | 11.0% | 7.5% |
| Price change, 1 year | +9.3% | +13.4% |
| Total return, 1 year | +21.4% | +21.8% |
| Benchmark return, 1 year | +21.8% | +16.6% |
| Ahead or behind | −0.4 pts | +5.2 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1058 days | 375 days |
| Net assets | $5.8bn | $152m |
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.
SEPI in plain words
Over the year to Sep 18, 2026, SEPI paid 7.5% of its starting value in cash distributions while its price rose 13.4%. With every distribution reinvested, the fund returned +21.8%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 5.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.3%, paid monthly.
Questions people ask
- Which paid more, GPIQ or SEPI?
- Over the year to Sep 18, 2026, GPIQ paid 11.0% of its starting price in cash and SEPI paid 7.5%, 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 SEPI?
- With every distribution reinvested, GPIQ returned +21.4% and SEPI returned +21.8% over the year to Sep 18, 2026, so SEPI returned more.
- Which is cheaper, GPIQ or SEPI?
- GPIQ charges 0.29% a year and SEPI charges 0.54%, 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 SEPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/gpiq-vs-sepi Free to use with attribution; the underlying files are at Open data.