Data as of .
GPIQ vs SPYI: which paid, and which earned it?
Over the year SPYI paid 12.1% of its price in cash against GPIQ’s 11.1%, though GPIQ 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 161 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 SPYI hold 54% of their money in the same securities at the same weight.
| Holding | GPIQ | SPYI |
|---|---|---|
| NVIDIA CORP | 7.48% | 7.57% |
| APPLE INC | 6.59% | 6.59% |
| MICROSOFT CORP | 3.96% | 4.32% |
| AMAZON.COM INC | 4.20% | 3.65% |
| ALPHABET INC | 3.54% | 3.28% |
| BROADCOM INC | 2.69% | 2.80% |
| ALPHABET INC | 2.57% | 2.61% |
| MICRON TECHNOLOGY INC | 5.62% | 1.99% |
| META PLATFORMS INC | 2.78% | 1.92% |
| TESLA INC | 3.17% | 1.85% |
| ADVANCED MICRO DEVICES INC | 4.11% | 1.47% |
| INTEL CORP | 3.01% | 1.01% |
| Only in GPIQ | Only in SPYI |
|---|---|
| ASML HOLDING NV 0.83% | Eli Lilly & Co 1.47% |
| ARM HOLDINGS PLC 0.67% | Berkshire Hathaway Inc 1.43% |
| SHOPIFY INC 0.52% | JPMorgan Chase & Co 1.37% |
| MERCADOLIBRE INC 0.44% | Johnson & Johnson 0.95% |
| ASTERA LABS INC 0.37% | Visa Inc 0.90% |
| NEBIUS GROUP NV 0.28% | Exxon Mobil Corp 0.89% |
| ROCKET LAB CORP 0.27% | Caterpillar Inc 0.77% |
| COREWEAVE INC 0.23% | AbbVie Inc 0.69% |
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 | SPYI | GPIQ | SPYI | GPIQ | SPYI | |
| 3 months | −0.4% | +4.0% | 2.6% | 3.0% | +0.4 pts | +0.7 pts |
| 6 months | +17.3% | +12.6% | 5.8% | 6.3% | −3.4 pts | −3.4 pts |
| 1 year | +21.9% | +15.8% | 11.1% | 12.1% | −1.1 pts | −1.7 pts |
| 3 years | not published | +56.5% | not published | 37.4% | not published | −21.3 pts |
| Since launch | +96.4% | +76.9% | 38.2% | 49.2% | −15.0 pts | −25.6 pts |
| GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF Covered call on QQQ, paying monthly | SPYI NEOS S&P 500(R) High Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Goldman Sachs | NEOS |
| Strategy | covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 10.6% | 12.2% |
| Expense ratio | 0.29% | 0.68% |
| Cash paid, 1 year | 11.1% | 12.1% |
| Price change, 1 year | +9.8% | +2.6% |
| Total return, 1 year | +21.9% | +15.8% |
| Benchmark return, 1 year | +23.0% | +17.5% |
| Ahead or behind | −1.1 pts | −1.7 pts |
| Return of capital, latest estimate | not published | 93% |
| Age | 1051 days | 1473 days |
GPIQ in plain words
Over the year to Sep 11, 2026, GPIQ paid 11.1% of its starting value in cash distributions while its price rose 9.8%. With every distribution reinvested, the fund returned +21.9%. Nasdaq-100 (QQQ) returned +23.0% over the same days, so a holder was behind by 1.1 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 10.6%, paid monthly.
SPYI in plain words
Over the year to Sep 11, 2026, SPYI paid 12.1% of its starting value in cash distributions while its price rose 2.6%. With every distribution reinvested, the fund returned +15.8%. S&P 500 (SPY) returned +17.5% over the same days, so a holder was behind by 1.7 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 12.2%, paid monthly. NEOS estimates that 93% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which paid more, GPIQ or SPYI?
- Over the year to Sep 11, 2026, GPIQ paid 11.1% of its starting price in cash and SPYI paid 12.1%, so SPYI 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 SPYI?
- With every distribution reinvested, GPIQ returned +21.9% and SPYI returned +15.8% over the year to Sep 11, 2026, so GPIQ returned more.
- Which is cheaper, GPIQ or SPYI?
- GPIQ charges 0.29% a year and SPYI charges 0.68%, 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 SPYI, data as of Sep 11, 2026. https://etfiq.com/compare/income/gpiq-vs-spyi Free to use with attribution; the underlying files are at Open data.