Data as of .
GPIQ vs SPUT: which paid, and which earned it?
Over the year GPIQ paid 11.0% of its price in cash against SPUT’s 5.2%, 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 SPUT hold 27% of their money in the same securities at the same weight.
| Holding | GPIQ | SPUT |
|---|---|---|
| NVIDIA CORP | 7.48% | 3.85% |
| APPLE INC | 6.59% | 3.22% |
| MICROSOFT CORP | 3.96% | 2.47% |
| AMAZON.COM INC | 4.20% | 2.09% |
| ALPHABET INC | 3.54% | 1.84% |
| BROADCOM INC | 2.69% | 1.60% |
| ALPHABET INC | 2.57% | 1.59% |
| META PLATFORMS INC | 2.78% | 1.10% |
| TESLA INC | 3.17% | 0.91% |
| MICRON TECHNOLOGY INC | 5.62% | 0.48% |
| ADVANCED MICRO DEVICES INC | 4.11% | 0.47% |
| WALMART INC | 2.12% | 0.47% |
| Only in GPIQ | Only in SPUT |
|---|---|
| ASML HOLDING NV 0.83% | TREASURY BILL 49.24% |
| ARM HOLDINGS PLC 0.67% | JPMorgan Chase & Co 0.70% |
| SHOPIFY INC 0.52% | Eli Lilly & Co 0.65% |
| NXP SEMICONDUCTORS NV 0.35% | Exxon Mobil Corp 0.54% |
| HONEYWELL AEROSPACE INC 0.35% | Berkshire Hathaway Inc 0.54% |
| NEBIUS GROUP NV 0.28% | Visa Inc 0.46% |
| COCA-COLA EUROPACIFIC PARTNERS PLC 0.19% | Johnson & Johnson 0.46% |
| FERROVIAL NV 0.18% | Caterpillar Inc 0.35% |
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 Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| GPIQ | SPUT | GPIQ | SPUT | GPIQ | SPUT | |
| 3 months | −1.7% | +2.4% | 2.5% | 1.1% | +0.8 pts | +0.1 pts |
| 6 months | +20.5% | +11.5% | 5.9% | 2.5% | −3.7 pts | −6.5 pts |
| 1 year | +21.4% | +11.5% | 11.0% | 5.2% | −0.4 pts | −5.1 pts |
| Since launch | +98.3% | +22.4% | 38.2% | 8.5% | −15.0 pts | −15.6 pts |
| GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF Covered call on QQQ, paying monthly | SPUT Innovator Equity Premium Income - Daily PutWrite ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Goldman Sachs | Innovator |
| Strategy | covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 10.5% | 4.7% |
| Expense ratio | 0.29% | 0.79% |
| Cash paid, 1 year | 11.0% | 5.2% |
| Price change, 1 year | +9.3% | +6.0% |
| Total return, 1 year | +21.4% | +11.5% |
| Benchmark return, 1 year | +21.8% | +16.6% |
| Ahead or behind | −0.4 pts | −5.1 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1058 days | 553 days |
| Net assets | $5.8bn | $17m |
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.
SPUT in plain words
Over the year to Sep 18, 2026, SPUT paid 5.2% of its starting value in cash distributions while its price rose 6.0%. With every distribution reinvested, the fund returned +11.5%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 5.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 4.7%, paid monthly.
Questions people ask
- Which paid more, GPIQ or SPUT?
- Over the year to Sep 18, 2026, GPIQ paid 11.0% of its starting price in cash and SPUT paid 5.2%, 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 SPUT?
- With every distribution reinvested, GPIQ returned +21.4% and SPUT returned +11.5% over the year to Sep 18, 2026, so GPIQ returned more.
- Which is cheaper, GPIQ or SPUT?
- GPIQ charges 0.29% a year and SPUT charges 0.79%, 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 SPUT, data as of Sep 18, 2026. https://etfiq.com/compare/income/gpiq-vs-sput Free to use with attribution; the underlying files are at Open data.