Data as of .
GPIQ vs ULTY: which paid, and which earned it?
Over the year ULTY paid 46.9% 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 ULTY hold 23% of their money in the same securities at the same weight.
| Holding | GPIQ | ULTY |
|---|---|---|
| NVIDIA CORP | 7.48% | 4.80% |
| AMAZON.COM INC | 4.20% | 5.16% |
| ADVANCED MICRO DEVICES INC | 4.11% | 4.15% |
| ALPHABET INC | 3.54% | 5.66% |
| LAM RESEARCH CORP | 2.37% | 4.99% |
| ANALOG DEVICES INC | 0.89% | 5.47% |
| PALANTIR TECHNOLOGIES INC | 0.81% | 4.40% |
| FORTINET INC | 0.69% | 3.56% |
| SHOPIFY INC | 0.52% | 3.69% |
| ASTERA LABS INC | 0.37% | 4.56% |
| LUMENTUM HOLDINGS INC | 0.30% | 4.86% |
| STRATEGY INC | 0.03% | 4.65% |
| Only in GPIQ | Only in ULTY |
|---|---|
| APPLE INC 6.59% | Ciena Corp 4.95% |
| MICRON TECHNOLOGY INC 5.62% | Quanta Services Inc 4.95% |
| MICROSOFT CORP 3.96% | IREN Ltd 4.80% |
| TESLA INC 3.17% | Coherent Corp 4.50% |
| INTEL CORP 3.01% | VanEck Gold Miners ETF/USA 4.33% |
| META PLATFORMS INC 2.78% | Comfort Systems USA Inc 4.31% |
| BROADCOM INC 2.69% | Amplify Junior Silver Miners E 4.21% |
| ALPHABET INC 2.57% | Robinhood Markets Inc 3.84% |
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 | ULTY | GPIQ | ULTY | GPIQ | ULTY | |
| 3 months | −0.4% | −0.3% | 2.6% | 14.2% | +0.4 pts | −3.6 pts |
| 6 months | +17.3% | +11.2% | 5.8% | 29.8% | −3.4 pts | −4.8 pts |
| 1 year | +21.9% | −5.8% | 11.1% | 46.9% | −1.1 pts | −23.3 pts |
| Since launch | +96.4% | +9.0% | 38.2% | 86.7% | −15.0 pts | −45.9 pts |
| GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF Covered call on QQQ, paying monthly | ULTY YieldMax(R) Ultra Option Income Strategy ETF Synthetic covered call on SPY, paying weekly | |
|---|---|---|
| Issuer | Goldman Sachs | YieldMax |
| Strategy | covered call | synthetic covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | weekly |
| Payout rate, annualized | 10.6% | 61.5% |
| Expense ratio | 0.29% | 1.30% |
| Cash paid, 1 year | 11.1% | 46.9% |
| Price change, 1 year | +9.8% | −53.3% |
| Total return, 1 year | +21.9% | −5.8% |
| Benchmark return, 1 year | +23.0% | +17.5% |
| Ahead or behind | −1.1 pts | −23.3 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 1051 days | 925 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.
ULTY in plain words
Over the year to Sep 11, 2026, ULTY paid 46.9% of its starting value in cash distributions while its price fell 53.3%. With every distribution reinvested, the fund returned −5.8%. S&P 500 (SPY), used as a default proxy returned +17.5% over the same days, so a holder was behind by 23.3 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 61.5%, paid weekly. YieldMax estimates that 100% of the distribution paid Sep 10, 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 ULTY?
- Over the year to Sep 11, 2026, GPIQ paid 11.1% of its starting price in cash and ULTY paid 46.9%, so ULTY 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 ULTY?
- With every distribution reinvested, GPIQ returned +21.9% and ULTY returned −5.8% over the year to Sep 11, 2026, so GPIQ returned more.
- Which is cheaper, GPIQ or ULTY?
- GPIQ charges 0.29% a year and ULTY charges 1.30%, 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 ULTY, data as of Sep 11, 2026. https://etfiq.com/compare/income/gpiq-vs-ulty Free to use with attribution; the underlying files are at Open data.