Data as of Oct 28, 2026.
GPIQ vs ULTY: Dividend Yield & Total Return
Over the year to Oct 28, 2026, ULTY paid 44.3% of its price in cash against GPIQ’s 10.6%, though GPIQ returned more with it reinvested.
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Net assets on Oct 27, 2026: $6.5bn for Goldman Sachs Nasdaq-100 Premium Income ETF and $627m for YieldMax Ultra Option Income Strategy ETF.
0.9 pts ahead of QQQ
GPIQ over 1 year: paid 10.6%, price +4.5%, total +16.1%, QQQ +15.2%, +0.9 pts. Data to Oct 28, 2026.
QQQ
+15.2%
GPIQ
+16.1%
10.6% of it arrived as cash
0.9 pts ahead of QQQ
Total return, distributions reinvested
0.9 pts ahead of QQQ
GPIQ over 1 year: paid 10.6%, price +4.5%, total +16.1%, QQQ +15.2%, +0.9 pts. Data to Oct 28, 2026.
QQQ
+15.2%
GPIQ
+16.1%
0.9 pts ahead of QQQ
10.6% of it arrived as cash. Total return, distributions reinvested. GPIQ over 1 year: paid 10.6%, price +4.5%, total +16.1%, QQQ +15.2%, +0.9 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.4.1 pts ahead of its own holdings
ULTY over 1 year: paid 44.3%, price −55.2%, total −11.2%, its own holdings −15.3%, +4.1 pts. Data to Oct 28, 2026.
its own holdings
−15.3%
ULTY
−11.2%
4.1 pts ahead of its own holdings
Total return, distributions reinvested
4.1 pts ahead of its own holdings
ULTY over 1 year: paid 44.3%, price −55.2%, total −11.2%, its own holdings −15.3%, +4.1 pts. Data to Oct 28, 2026.
its own holdings
−15.3%
ULTY
−11.2%
44.3% of it arrived as cash. Both charts share one scale, with zero at the line. ULTY over 1 year: paid 44.3%, price −55.2%, total −11.2%, its own holdings −15.3%, +4.1 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.Pair scorecard
GPIQ costs 1.01 points a year less; their one-year returns differ by 27.3 points; GPIQ is 10.4 times larger.
Points (pts) are percentage points.
| Measure | GPIQ | ULTY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +16.1% | −11.2% |
| Price change, 1 year | rose 4.5% | fell 55.2% |
| Return of capital, issuer estimate | 100% of the Oct 29, 2026 payment | |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | its own holdings |
| Cost and size | ||
| Expense ratio | 0.29% | 1.30% |
| Net assets, as of Oct 27, 2026 | $6.5bn | $627m |
| Holdings | ||
| Holdings in common | 19% | |
How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company. 100 is best. How it is computed
A percentile among the 164 income ETFs not writing on a single company. 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 →
Holdings in common uses holdings dated Jun 30, 2026 and Oct 28, 2026. Method
What they share
By the books each fund has filed, GPIQ and ULTY hold 19% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 28, 2026.
half
19% in common
Only in one fund ↓
Side by side
As of Oct 28, 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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | GPIQ | ULTY | GPIQ | ULTY | GPIQ | ULTY |
| 3 months | +9.1% | +4.2% | 2.8% | 15.4% | −0.7 pts | −9.8 pts |
| 6 months | +9.1% | +1.0% | 5.5% | 28.1% | −0.8 pts | −6.6 pts |
| 1 year | +16.1% | −11.2% | 10.6% | 44.3% | +0.9 pts | +4.1 pts |
| 3 years | +99.1% | – | 39.4% | – | −14.6 pts | – |
| Since launchNot the same days: GPIQ Oct 2023 · ULTY Feb 2024 | +99.7% | +4.4% | 39.5% | 87.8% | −15.0 pts | not measured |
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GPIQ
Over the year to Oct 28, 2026, GPIQ paid 10.6% of its starting value in cash distributions while its price rose 4.5%. With every distribution reinvested, the fund returned +16.1%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was ahead by 0.9 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 10.7%, paid monthly.
ULTY
Over the year to Oct 28, 2026, ULTY paid 44.3% of its starting value in cash distributions while its price fell 55.2%. With every distribution reinvested, the fund returned −11.2%. ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 26, 2026) returned −15.3% over the same days, so a holder was ahead by 4.1 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 60.7%, paid weekly. YieldMax estimates that 100% of the distribution paid Oct 29, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
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.
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ETFIQ, GPIQ against ULTY, data as of Oct 28, 2026. https://etfiq.com/compare/income/gpiq-vs-ulty
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[GPIQ against ULTY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/income/gpiq-vs-ulty)
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