Data as of .
GPIQ vs TCAL: which paid, and which earned it?
Over the year TCAL paid 11.4% of its price in cash against GPIQ’s 11.0%, 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 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 TCAL hold 17% of their money in the same securities at the same weight.
| Holding | GPIQ | TCAL |
|---|---|---|
| AMAZON.COM INC | 4.20% | 1.53% |
| MICROSOFT CORP | 3.96% | 1.50% |
| COSTCO WHOLESALE CORP | 1.97% | 1.20% |
| CISCO SYSTEMS INC | 2.05% | 1.14% |
| LINDE PLC | 1.11% | 1.63% |
| ADVANCED MICRO DEVICES INC | 4.11% | 1.04% |
| META PLATFORMS INC | 2.78% | 1.01% |
| BROADCOM INC | 2.69% | 0.95% |
| NETFLIX INC | 0.89% | 0.95% |
| PEPSICO INC | 0.83% | 1.16% |
| WALMART INC | 2.12% | 0.77% |
| GILEAD SCIENCES INC | 0.73% | 1.48% |
| Only in GPIQ | Only in TCAL |
|---|---|
| NVIDIA CORP 7.48% | DANAHER CORP 2.01% |
| APPLE INC 6.59% | WATERS CORP 1.97% |
| MICRON TECHNOLOGY INC 5.62% | VERALTO CORP 1.87% |
| ALPHABET INC 3.54% | WASTE CONNECTIONS INC 1.80% |
| TESLA INC 3.17% | YUM BRANDS INC 1.72% |
| INTEL CORP 3.01% | MCDONALD S CORP 1.70% |
| ALPHABET INC 2.57% | VISA INC-CLASS A SHARES 1.69% |
| APPLIED MATERIALS INC 2.51% | LOCKHEED MARTIN CORP 1.60% |
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 | TCAL | GPIQ | TCAL | GPIQ | TCAL | |
| 3 months | −1.7% | +4.2% | 2.5% | 3.5% | +0.8 pts | +1.9 pts |
| 6 months | +20.5% | +5.3% | 5.9% | 6.3% | −3.7 pts | −12.7 pts |
| 1 year | +21.4% | +3.0% | 11.0% | 11.4% | −0.4 pts | −13.5 pts |
| Since launch | +98.3% | +3.9% | 38.2% | 15.2% | −15.0 pts | −32.7 pts |
| GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF Covered call on QQQ, paying monthly | TCAL T. Rowe Price Capital Appreciation Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Goldman Sachs | T. Rowe Price |
| 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% | 9.4% |
| Expense ratio | 0.29% | 0.34% |
| Cash paid, 1 year | 11.0% | 11.4% |
| Price change, 1 year | +9.3% | −8.6% |
| Total return, 1 year | +21.4% | +3.0% |
| Benchmark return, 1 year | +21.8% | +16.6% |
| Ahead or behind | −0.4 pts | −13.5 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1058 days | 540 days |
| Net assets | $5.8bn | $276m |
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.
TCAL in plain words
Over the year to Sep 18, 2026, TCAL paid 11.4% of its starting value in cash distributions while its price fell 8.6%. With every distribution reinvested, the fund returned +3.0%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 13.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.4%, paid monthly.
Questions people ask
- Which paid more, GPIQ or TCAL?
- Over the year to Sep 18, 2026, GPIQ paid 11.0% of its starting price in cash and TCAL paid 11.4%, so TCAL 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 TCAL?
- With every distribution reinvested, GPIQ returned +21.4% and TCAL returned +3.0% over the year to Sep 18, 2026, so GPIQ returned more.
- Which is cheaper, GPIQ or TCAL?
- GPIQ charges 0.29% a year and TCAL charges 0.34%, 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 TCAL, data as of Sep 18, 2026. https://etfiq.com/compare/income/gpiq-vs-tcal Free to use with attribution; the underlying files are at Open data.