Which paid more, GPIQ or SPIN?

Over the year to Nov 4, 2026, GPIQ paid 10.9% of its starting price in cash and SPIN paid 5.1%, 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 SPIN?

With every distribution reinvested, GPIQ returned +13.0% and SPIN +9.3% over the year to Nov 4, 2026.

Which is cheaper, GPIQ or SPIN?

GPIQ charges 0.29% a year and SPIN charges 0.25%, so SPIN is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

GPIQ vs SPIN: 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 SPIN’s 5.1%, and returned more with it reinvested.

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Net assets on Nov 3, 2026: $6.4bn for Goldman Sachs Nasdaq-100 Premium Income ETF and $45m for State Street US Equity Premium Income ETF.

GPIQ on its own →SPIN on its own →

At a glance

10.9%

GPIQ cash paid, 1 year

5.1%

SPIN cash paid, 1 year

+13.0%

GPIQ total return, 1 year

+9.3%

SPIN 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.

SPIN · 1 year to Nov 4, 2026 5.5 pts behind SPY

SPIN

+9.3%

SPY

+14.8%

5.5 pts behind SPY

SPIN over 1 year: paid 5.1%, price +3.9%, total +9.3%, SPY +14.8%, −5.5 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPIN

+9.3%

5.1% of it arrived as cash

5.5 pts behind SPY

Total return, distributions reinvested

5.5 pts behind SPY

SPIN over 1 year: paid 5.1%, price +3.9%, total +9.3%, SPY +14.8%, −5.5 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPIN

+9.3%

5.5 pts behind SPY

5.1% of it arrived as cash. Both charts share one scale, 0 to +14.8%. SPIN over 1 year: paid 5.1%, price +3.9%, total +9.3%, SPY +14.8%, −5.5 pts. Data to Nov 4, 2026.

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

Pair scorecard

SPIN costs 0.04 points a year less; their one-year returns differ by 3.7 points; GPIQ is far larger, $6.4bn against $45m.

Points (pts) are percentage points.

GPIQ vs SPIN: Dividend Yield & Total Return
Measure	GPIQ	SPIN
Paid and earned
Measure	GPIQ	SPIN
Total return, 1 year	+13.0%	+9.3%
Price change, 1 year	rose 1.7%	rose 3.9%
Return of capital, issuer estimate		97% of the Nov 5, 2026 payment
Against its benchmark
Measure	GPIQ	SPIN
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	GPIQ	SPIN
Expense ratio	0.29%	0.25%
Net assets, as of Nov 3, 2026	$6.4bn	$45m
Holdings
Measure	GPIQ	SPIN
Holdings in common	47%

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

IQ Income Score69.8GPIQ84.1SPIN

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

SPIN 84.1

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

47%

By the books each fund has filed, GPIQ and SPIN hold 47% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

47% in common

Positions both hold · largest shared weight first GPIQ SPIN

NVIDIA CORP 7.47% 9.22%

APPLE INC 6.59% 6.03%

AMAZON.COM INC 4.20% 4.87%

MICROSOFT CORP 3.95% 7.47%

ALPHABET INC 3.54% 4.59%

META PLATFORMS INC 2.77% 2.93%

BROADCOM INC 2.68% 3.37%

MICRON TECHNOLOGY INC 5.62% 2.50%

ADVANCED MICRO DEVICES INC 4.10% 1.94%

APPLIED MATERIALS INC 2.51% 1.41%

LINDE PLC 1.11% 1.06%

NETFLIX INC 0.89% 0.91%

Only in one fund ↓

Only in GPIQ

INTEL CORP 3.01%

CISCO SYSTEMS INC 2.04%

KLA CORP 1.74%

SANDISK CORP 1.48%

PALO ALTO NETWORKS INC 1.30%

MARVELL TECHNOLOGY INC 1.11%

WESTERN DIGITAL CORP 0.98%

ANALOG DEVICES INC 0.88%

Only in SPIN

ELI LILLY + CO 2.50%

EXXONMOBIL HOLDINGS CORP 2.28%

JPMORGAN CHASE + CO 2.13%

JOHNSON + JOHNSON 1.87%

VISA INC CLASS A SHARES 1.73%

AMPHENOL CORP CL A 1.41%

HOME DEPOT INC 1.39%

EMERSON ELECTRIC CO 1.30%

Check overlap with more funds →

Side by side

GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF · Covered call on QQQ, paying monthly SPIN State Street US Equity Premium Income ETF · Covered call on SPY, paying monthly

Issuer Goldman Sachs State Street

Strategy covered call covered call

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

Pays monthly monthly

Payout rate, annualized 10.5% 5.5%

Expense ratio 0.29% 0.25%

Cash paid, 1 year 10.9% 5.1%

Price change, 1 year +1.7% +3.9%

Total return, 1 year +13.0% +9.3%

Benchmark return, 1 year +12.3% +14.8%

Ahead or behind +0.7 pts −5.5 pts

Return of capital, latest estimate not published 97%

Age 3.0 years 2.2 years

Net assets, as of Nov 3, 2026 $6.4bn $45m

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 SPIN: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	GPIQ	SPIN	GPIQ	SPIN	GPIQ	SPIN
3 months	−2.6%	+0.8%	2.6%	0.9%	+0.8 pts	+0.9 pts
6 months	+0.5%	+6.0%	5.3%	1.9%	+0.9 pts	+1.0 pts
1 year	+13.0%	+9.3%	10.9%	5.1%	+0.7 pts	−5.5 pts
3 years	+80.0%	–	38.3%	–	−11.4 pts	–
Since launchNot the same days: GPIQ Oct 2023 · SPIN Sep 2024	+91.4%	+30.3%	40.7%	16.0%	−13.4 pts	−12.9 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.

SPIN

Over the year to Nov 4, 2026, SPIN paid 5.1% of its starting value in cash distributions while its price rose 3.9%. With every distribution reinvested, the fund returned +9.3%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 5.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.5%, paid monthly. State Street estimates that 97% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which paid more, GPIQ or SPIN?: Over the year to Nov 4, 2026, GPIQ paid 10.9% of its starting price in cash and SPIN paid 5.1%, 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 SPIN?: With every distribution reinvested, GPIQ returned +13.0% and SPIN +9.3% over the year to Nov 4, 2026.
Which is cheaper, GPIQ or SPIN?: GPIQ charges 0.29% a year and SPIN charges 0.25%, so SPIN is cheaper. Fees come from each fund's prospectus.

Other comparisons

GPIQ vs SEPI GPIQ vs JEPI GPIQ vs ACKY GPIQ vs OEI SPIN vs QYLD SPIN vs QQQI SPIN vs JEPQ SPIN vs QLDY

Where to next

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

Sources and dates

GPIQ filings on SEC EDGAR ↗

GPIQ prospectus with the expense ratio (SEC) ↗

Goldman Sachs website ↗

SPIN filings on SEC EDGAR ↗

SPIN prospectus with the expense ratio (SEC) ↗

SPIN 19a-1 distribution notice ↗

State Street 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 SPIN, data as of Nov 4, 2026. https://etfiq.com/compare/income/gpiq-vs-spin

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.